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New Rules For "Cash For Gold" Dealers

cash for gold
cash for gold

A law that was passed last year buy the state legislature went into effect January 1st that requires Indiana "cash for gold" dealers to register with the secretary of state and local police.

The law is designed to help authorities track stolen jewelry. Dealers must report sales daily to local police, including the price of sale and either the Social Security number or driver's license number of the seller.

It costs dealers $100 to register.