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To: Nadine Carroll who wrote (337367)	12/5/2009 5:08:10 PM
From: Murrey Walker	Respond to of 793955

I've never done a single transaction more than $10,000 so you could be right. In that case, the workaround is simple. You're absolutely right. That's why investment grade coins are a good investment vehicle in times leading up to now. Note I said LEADING up to now. Most numismatists/collectors/investors made their moves some time ago. However the $20 St.Gaudens, for example, are not only aesthetic, but are good for a rainy day. ;-) pcgs.com

To: Nadine Carroll who wrote (337367)	12/8/2009 4:14:56 PM
From: TimF	Read Replies (1) \| Respond to of 793955

I've never done a single transaction more than $10,000 so you could be right. In that case, the workaround is simple. Maybe, maybe not. The feds went after Spitzer for "structuring" when he made a number of payments that combined where very large, but each of which where below the normal level where extra scrutiny applies. IMO that's one of those vague laws that allow the feds to go after who they want to go after. I'm no fan of Spitzer's but I also don't like how the government handled his case. ------- ...Structuring: Financial institutions are required to file currency transactions reports—known as CTRs—with the IRS for all transactions involving $10,000 or more in cash. 18 U.S.C. § 5324 prohibits "structuring," the act of engaging in a series of financial transactions designed to avoid the filing of a CTR, such as withdrawing $9,500 from the bank each day for a week. If Spitzer withdrew funds from his bank to pay for illicit trysts in amounts designed to skirt the $10,000 threshold (or if he deposited those funds in Emperors' Club VIP's accounts), then he might also face federal structuring charges. A violation of 18 U.S.C. § 5324 is punishable by up to five years' imprisonment. Under federal sentencing guidelines, however, the jail time Spitzer would face depends largely on the amount that he actually structured. If, for example, he engaged in structured transactions of up to $70,000, he could face 15 to 21 months' imprisonment. (He'd face more time if he structured more money.) Once again, a guilty plea could reduce that prison term to 10 to 16 months (with the possibility of the same split sentence)... slate.com