Question about the ATB Hockey Pucks...probably stupid

doh

If this is a stupid question or one that's been asked 1000 times I'll delete the thread...and please excuse my ignorance because I haven't read all 4200+ posts in that big-a$$ thread. Here goes: I got my name on a list from one of the mint's exclusive sellers or whatever. I got the email today that the 5 coin sets were available. The order form asks for my SSN and in the fine print mentions something about tax ID # and withholding information and blah blah. Is that odd? Or is it because it's the govt selling the coins or???

Again, sorry if this is a stupid question...I've just never come across something like it before.

CaptHenway

Not a stupid question. Some of the AP's are doing that to comply with the Mint's requirement that the AP sell only one set to a customer.
TD

SoundPoint

<< <i>If this is a stupid question or one that's been asked 1000 times I'll delete the thread...and please excuse my ignorance because I haven't read all 4200+ posts in that big-a$$ thread. Here goes: I got my name on a list from one of the mint's exclusive sellers or whatever. I got the email today that the 5 coin sets were available. The order form asks for my SSN and in the fine print mentions something about tax ID # and withholding information and blah blah. Is that odd? Or is it because it's the govt selling the coins or???

Again, sorry if this is a stupid question...I've just never come across something like it before. >>



Actually Federal Law requires all financial institutions to record and verify information to identify each person who opens an account.

OPA

<< <i>

<< <i>If this is a stupid question or one that's been asked 1000 times I'll delete the thread...and please excuse my ignorance because I haven't read all 4200+ posts in that big-a$$ thread. Here goes: I got my name on a list from one of the mint's exclusive sellers or whatever. I got the email today that the 5 coin sets were available. The order form asks for my SSN and in the fine print mentions something about tax ID # and withholding information and blah blah. Is that odd? Or is it because it's the govt selling the coins or???

Again, sorry if this is a stupid question...I've just never come across something like it before. >>



Actually Federal Law requires all financial institutions to record and verify information to identify each person who opens an account. >>



True with financial institutions ... but AP's are not financial institutions and less than $10k is involved.

doh

<< <i><< If this is a stupid question or one that's been asked 1000 times I'll delete the thread...and please excuse my ignorance because I haven't read all 4200+ posts in that big-a$$ thread. Here goes: I got my name on a list from one of the mint's exclusive sellers or whatever. I got the email today that the 5 coin sets were available. The order form asks for my SSN and in the fine print mentions something about tax ID # and withholding information and blah blah. Is that odd? Or is it because it's the govt selling the coins or???

Again, sorry if this is a stupid question...I've just never come across something like it before. >>



Actually Federal Law requires all financial institutions to record and verify information to identify each person who opens an account. >>



True with financial institutions ... but AP's are not financial institutions and less than $10k is involved. >>



So, like CptHen said, it's just to verify that they're only selling one to a customer...

timber100

Other posts have indicated APMEX does not require SS number or drivers lic. I too was concerned with giving that information as MTB wanted it for their orders. I assume MTB is a very fine company, but I am paranoid about giving both my SS number and a copy of my driver's lic out as that is all that is needed for somebody to steal your idenitiy. I will gicve my credit card data but not SS and drivers lic. That data is not needed for a $1000 dollar sale of coins

SoundPoint

<< <i>

<< <i><< If this is a stupid question or one that's been asked 1000 times I'll delete the thread...and please excuse my ignorance because I haven't read all 4200+ posts in that big-a$$ thread. Here goes: I got my name on a list from one of the mint's exclusive sellers or whatever. I got the email today that the 5 coin sets were available. The order form asks for my SSN and in the fine print mentions something about tax ID # and withholding information and blah blah. Is that odd? Or is it because it's the govt selling the coins or???

Again, sorry if this is a stupid question...I've just never come across something like it before. >>



Actually Federal Law requires all financial institutions to record and verify information to identify each person who opens an account. >>



True with financial institutions ... but AP's are not financial institutions and less than $10k is involved. >>



So, like CptHen said, it's just to verify that they're only selling one to a customer... >>


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Selling to one customer. Yeh right! I know several people who have bought many sets from the same AP, however the means of acquisition.
A social security number isn't stopping anyone. By the way, I think Prudential might come in as a Financial Institution.

LindeDad

Could be that they are asking for the info thinking it is required by the new 1099 requirments this year.

BigE

A conspiracy theorist would have a lot of fun with this thread, government collecting ssn's to get our gold, the whole distribution fiasco was a way to have the 9 AP's test a new gov. system etc.-----------------BigE

MsMorrisine

They have always done this.

OK, for <$1000 of silver to a one time customer they do not require this knowledge.

However, I will put it out there that having this info is their "system."