Cash only at Coin Stores

MasonG

@logger7 said:
There are many cases like this one in Tennessee with dealers who believe they are exempt from taxes.

You don't have to go to Tennessee, there are people posting here who believe the same thing.

scotty1419

@logger7 said:
There are many cases like this one in Tennessee with dealers who believe they are exempt from taxes. "The wheels of justice turn slowly, but grind exceedingly fine." https://www.leagle.com/decision/19961463923sw2d54011462
https://the-moneychanger.com/answers/the_most_dangerous_man_in_the_mid_south

Good lord what a disaster.

In reading, it seems like the logic argument of 'we're just exchanging money for money' easily breaks down when it's not exchanging $1 bills for $1 silver coins, but $1 silver coils for $20 etc etc. It's no longer straight exchange but a commercial transaction.

If the benevolent dealer wanted to exchange $1 in silver coins for $1 bills, there'd be no taxation?