***Precious Metals Investors Club***

[White Cobra]

Could Dealing Coins Be A Felony?

Found out recently, from my cousin the lawyer, that possession alone of a stolen good valued over $1000 is a felony in the state of NC.

If you are just in the possession of the object, knowing or not knowing it is stolen, you are facing a felony. In other words, you could be completely unaware an object is stolen and still be guilty of a felony.

If the value of the item is below $1000, I think it is downgraded to a misdemeanor.

So, lets say you have a nice 1955 Doubled Die you purchased at a fair but decent price, and it turns out to be stolen, you are facing a felony. NOW, think of how easily this could happen when dealing with gold and it's high value.

You may want to check the laws of your state regarding this.