A new bill has been introduced in the U.S. House of Representatives that would require coin and precious metal dealers to disclose details prior to a transaction, including fees and a coin’s purchase price, melt value and resale value.
The Coin and Precious Metal Disclosure Act was introduced as number H.R. 6149 on Thursday, September 16, by Rep. Anthony Weiner (D-N.Y.). Weiner on the same day also announced hearings on TV gold dealers, set to take place on Thursday, September 23.
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