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To: Fresh Wind

The government doesn’t get any money. All it means is that they have to give museums the opportunity to buy them first. Both landowner and discoverer get to split the value of the coins whether the museum buys them or not.


33 posted on 08/27/2019 2:30:30 AM PDT by sinsofsolarempirefan
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To: sinsofsolarempirefan
The government doesn’t get any money.

Of course they do. You've heard of taxes, right?

And who decides what the stuff is worth? Would that be the free market or the "experts" at the museum?

Do the finder and the landowner get to refuse the museum's offer if they think it's too low? And would that be a private or government museum?

And what if the finder and landowner really like the stuff and want to keep some or all of it for their respective "collections"?

There might be VAT tax due immediately on the appraised value of the stuff. That would effectively force the find to be liquidated.

The right way to do that would be to consign it to an appropriate auction house so that museums and private buyers could compete in a fair and open process.

One advantage I do see with the law is that it would tend to prevent disputes between the finder and the landowner which could be brutal if a lot of money is involved.

34 posted on 08/27/2019 3:53:42 AM PDT by Fresh Wind (The Electoral College is the firewall protecting us from massive blue state vote fraud.)
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