Perth Mint ID Requirements

So I just walked into the perth mint again. Bought a 10 gram card, paid cash. No id shown. Checked the receipt to see if the girl remembered me from 2 days ago and put my name on it. And no she didn't.

 

Ha!
your like The Phantom with fiat!

Maybe their collecting your fingerprints off the counter.

Blake.

 

There must be a value that they need to collect details ? I would have thought under a $1K should be OK, so it looks like lots of little purchases to stay like the Phantom LOL

 

Should change my username to The Phantom. the signs around the bullion counter do say for purchases over $5000 ID will be recorded. Any form of jewellery buyback for any $ value ID will be recorded.

Pretty sure bullion buyback over $5000 ID is required. (don't quote me on this one)

 

Had a chat with the Shop Manager. The ID under $5000 is really only if the transaction/behaviour is suspicious. Something that would be suspicious is (actual case) guy came in with three other family members and they all purchased under 5k and then turned up the next day to do the same thing.

From a staff members point of view it is very difficult to judge when a customer is deliberately trying to avoid providing ID and who is just genuinely trading at different times.

Without knowing the circumstances of your purchases, it may have just been an overly zealous staff member - just because you are regular sub $5k customer doesn't mean we need your ID.

We are having a training session for staff on what is "suspicious", so hopefully that will result in consistent application of our policy. There is a sign in the shop stating how we handle repetitive transactions under $5k.

If you think the ID request is unjustified, just ask to speak to the supervisor/manager.

 

Old Jungle Saying:
"There are times when the Phantom leaves the jungle and walks the streets of the town like an ordinary man." ............. "and buys bullion from the Perth Mint"

 

Thanks Bron, that makes more sense.

I wouldn't have thought once every couple of month would be suspicious. Looks like i need to Phantom it up.

 

I can't see how once a couple of month can be construed as suspicious.

 

we should NOT have to ID for any transaction under $10K...Big Brother slowly moving into the Stackers...

 

All part of the plan.