State of California California Department of Consumer Affairs

Coin Dealers/Collectors

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To become a coin dealer, an individual must obtain a seller's permit from the California State Board of Equalization per Business and Professions Code Section 17511 et seq., effective January 1, 1986. Coin dealers must also have a city or county business license. Complaints or problems may require civil resolution.

Consumers who collect coins or invest for themselves as a hobby do not require registration.

To research performance of coin dealers:

American Numismatic Association
818 North Cascade Avenue
Colorado Springs, CO 80903-3279
(719) 632-2646
(800) 367-9723 General Information
(800) 514-2646 Membership

The Board of Equalization (BOE) requires a seller's permit if a coin dealer is selling coins, silver or gold bullion:

450 N Street
PO BOX 942879 (mailing address)
Sacramento, CA 94279-0001
(800) 400-7115

The Federal Trade Commission (FTC) regulates misleading, deceptive, and unfair business practices:

Federal Trade Commission
10877 Wilshire Boulevard, Suite 700
Los Angeles, CA 90024
(877) 382-4357

If investment offers are made by telemarketer over phone for fraudulent purposes, consumers should contact the Office of the Attorney General:

Department of Justice
Office of the Attorney General
1300 I Street
Sacramento, CA 95814
(800) 952-5225 (CA Callers)
(916) 322-3360 (Out of State)
(916) 323-5341 Fax
(711) or (800) 735-2929 Eng TTY/TDD
(800) 855-3000 Span
(800) 735-2922 Voice

There's no jurisdiction over stamps, coins, or gold and silver sales. The Commodity Futures Trading Commission Handles Complaints on Community Brokers:

Commodity Futures Trading Commission
Complaint Section
Three Lafayette Center
1155 21st Street N-W
Washington, DC 20581
(866) FON-CFTC (366-2382)
(202) 418-5000
(202) 418-5521 Fax
(202) 418-5514 TTY

If investment offers are made through the mail, or payment is made through the mail, for fraudulent purposes, consumers should contact the US Postal Inspection Service:

US Postal Inspection Service
Inspection Service Support Group
222 South Riverside Plaza, Suite 1250
Chicago, IL 60606-6100
(800) 275-8777

Criminal Investigations Service Center For Mail Fraud: (877) 876-2455

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