With the news lately about the questionable activities of some groups of people involving fraudulent coin collecting, it is important to know what states are coin pushers. The definition of a “puppy” includes any specimen that is being sold as being a single-state coin, even though it comes from another state. In what states are coin pushers legal, some unscrupulous groups may attempt to falsify their origins and misrepresent what they are actually selling.
The states that have adopted the Uniform Commercial Code include all fifty states. Coin collectors will need to be licensed in each state in order to trade coins in these states. However, the definition of a “puppy” is an example that does not take into account those specimens that are actually stolen or fraudulently represented. There are some common mistakes that people make when they are attempting to establish a true identity for a state coin in order to sell it legally.
One of the first things to keep in mind in what states are coin pushers is that one must not confuse legitimate business transactions with fake ones. For example, it is illegal to misrepresent a piece of property as being worth more than it is in order to make another person a fool. If you want to open a coin dealer’s shop, you must clearly state on your business cards that you are open to all types of trades. Do not attempt to hide your identity by stating “no commercial licenses allowed.” On your tax forms, it is critical to have a business license number and a business name that fit your state. It is also recommended that you have a phone number so that customers can reach you in case of a problem.
On the internet there are many different web sites that purport to offer only “genuine” coins that are authentically “real” or “real gold”. Often times these sites are run by middle men who are in actuality resellers that disguise themselves as retailers. What states are coin pushers in this case is that they are selling a fake product that is not regulated by standard federal or state laws. In addition to the above, if you deal with these types of shady dealers, they can also be involved in crime as well.
However, there are many states where the law is less strict and certainly more favorable to consumers than in what states are coin pushers. A good example is Colorado. In Colorado you can sell any coin, whether it is old or new, without having to worry about being penalized for it. The state even has no maximum fine that can be incurred if the state gets to your head in a bind. If you are ever stopped on suspicion, you can freely explain yourself.
If you need proof in what states are coin pushers, a quick Google search can provide you with the answer. On the topic itself, many states, such as New York and California have harsher laws against these types of activity than other states. However, the fact that they are more lenient gives them the advantage in that people aren’t necessarily aware of their illegal activities. This means that it is up to the state to police itself. One thing that is worth mentioning is that you should avoid dealing with any company that has “pimp names” or that has a logo that looks like an eagle.
As far as reputable coin companies go, you can easily find them online. Do a search and check out the feedback left by past customers. As always, do your own due diligence and do not allow yourself to be persuaded by unscrupulous companies. Always remember that these companies will never charge you upfront in order to process your coins.
There are certainly many things to learn about the laws regarding in what states are coin pushers. Be sure that you educate yourself about the process for getting your money back. It is not always easy to get your money back when you have been defrauded, but if you can, it is always worth it. The best way to ensure that you don’t fall victim to this type of activity is to ensure that you do business with a trusted and legitimate company. With that in mind, make sure that you do your research about the coin company before you send them any money.