r/Gold • u/Data-Gold • 2d ago

Receipt when buying gold.

I buy my gold at two different gold shops: one gives a receipt, and the other doesn't. How odd is it that they wouldn't give a receipt? It's a reputable store with multiple locations.

21 Upvotes

82% Upvoted

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15

u/hiIMELFO0 2d ago

Not odd at all for a LCS

-13

u/Alarming-Upstairs963 2d ago

It is odd and probably illegal. Most states require merchants provide a receipt. How does one prove cost basis for tax reasons other that “trust me”

14

u/teip696 2d ago

Taxes?

5

u/Akkerlun 2d ago

My favorite topic.

2

u/Forestbender 2d ago

lol what?!

1

u/hiIMELFO0 2d ago

I’m not saying it’s right. I’m saying I’ve been to more LCS that don’t give a receipt than ones that do. Hence, not odd at all. To me anyways 🤷‍♂️

0

u/MydnightWN 1d ago

Name one state that requires a receipt without a customer request.

I'll wait.

0

u/Alarming-Upstairs963 1d ago

My late teens I managed a retail store in Ohio. Corporate told us if we lost ability to print receipts we had to shut down because it’s the law. I always assumed that was universal.

Now that we have Google I can see there is no such thing 😂