Was at the local gold place today and a couple came in with what appeared to be almost an ounce lump of gold. The story was the husband went to town on his class ring with a blowtorch. Now I understand that it might be hard to value, being as most class rings are 12k to 18k, but I was truly surprised when I heard the gold store employee spout off that it was illegal to sell melted gold.
Any chance this has any relation to reality? I can see law enforcement wanting a way to track all purchases, and a lump of gold that was formerly a ring would be hard to track.
I've heard this same clerk pass off nonsense as fact in the past, so everything I hear him say is suspect to me.