Law Bans Cash for Second Hand Transactions

[Jamisjockey]

On the other hand, if this is upheld, then it's quite blow for fiat currency. The Legal Tender doctrine is the only thing that keeps Gresham's law in effect.

It would only be a blow to the fiat currency if it were replaced with gold, silver, and barter transactions. 

[zahc]

Right. But don't you understand, if it's upheld it's a precedent. Then some other state can create its own better currency.

[KD5NRH]

Looking at the text of it... (emphasis mine)
http://www.mygov365.com/legislation/view/id/4db66f7549e51bd334be0300/tab/versions/

Anyone, other than a nonprofit entity,who buys, sells, trades in, or otherwise acquires or disposes of junk or used or secondhand property more frequently than once per month from any other person, other than a nonprofit entity, shall be deemed as being engaged in the business of a secondhand dealer.

Horrible wording, since it sounds like even if you just buy stuff for personal use from garage sales more than once a month, you're "engaged in the business of a secondhand dealer."

A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property andmade payable to the name and address of the seller. All payments made by check, electronic transfers, or money order shall be reported separately in the daily reports required by R.S. 37:1866.

So, now that we've defined little old ladies who hit the garage sales every weekend as secondhand dealers, we're going to require them to keep ledgers and file daily reports.

A.(1) Every secondhand dealer shall obtain a signed statement from the seller that the junk or used or secondhand property has been paid for or is owned by the seller, and a failure of the dealer to exact a statement from the seller shall be prima facie evidence of the fraudulent intent and guilty knowledge on the part of the dealer within the meaning of this Part, sufficient to warrant a conviction.

Gee, that's going to be so easy to handle at a garage sale.

[French G.]

Affects face to face gun transactions. Also affects interstate commerce, if a guy growing pot in his backyard for his own use affects IC, then this surely does.

[never_retreat]

I think this is a good idea run a muck.
Years ago here in NJ they passed some law that you could not take RR track to the scrap yard. Because people were steeling it.
I tried to get rid of some once and had a hell of a time. Company I used to work for was on a very old property that had tracks. Most were buried, we were clearing more of the property and dug up a bunch. So I cut it in 10' lengths a took it to the scrap yard. They refused to take it. Tried 2 more, same results. Took it to a yard in PA. They questioned me up and down but once they guy came out of the scale house and looked at it they took it. 150 year old rail looks quite different then the new stuff.

[Perd Hapley]

http://www.mygov365.com/legislation/view/id/4db66f7549e51bd334be0300/tab/versions/
Horrible wording, since it sounds like even if you just buy stuff for personal use from garage sales more than once a month, you're "engaged in the business of a secondhand dealer."

You know, anything that limits my wife to one garage sale per month is fine with me. Looks like a lot of thrift stores would skate on this, though, as they are not for profit.

But on the other hand, when you outlaw garage sales, only outlaws will have garage sales.

[wmenorr67]

But are garage sales actually for profit.  How many people sell something at a garage sale for more than they bought it for.

[Tallpine]

Years ago here in NJ they passed some law that you could not take RR track to the scrap yard. Because people were steeling it.

Ha!  Good pun 

I'm glad that you got things ironed out with the scrap dealer. 

[French G.]

You know, if the police had really wanted to investigate that sale of track they could have railroaded you into admitting guilt.

[Tallpine]

You know, if the police had really wanted to investigate that sale of track they could have railroaded you into admitting guilt.

They still might find something that ties him to the crime and track him down.

Has there been a spike in this sort of crime lately?

[Perd Hapley]

Maybe all these puns are a signal that you guys should switch to decaf. You have to derail the thread with your little jokes, because you can't even conduct yourselves in an adult manner. Give me a brake man.

[Waitone]

I nominate this thread for the APS FAQ on how to conduct a proper thread veer. 

[KD5NRH]

Can I still pay cash for an hour hand?

[Tallpine]

Ok, I'll try to get back on the right track 

[Tallpine]

Can I still pay cash for an hour hand?

There's a "Second Hand Store" in the nearest little town to us.  But what I could really use is a third hand.