Second-hand dealer Olde Saratoga Coin credited with recovering stolen property

ALBANY, N.Y. -Second-hand dealer Olde Saratoga Coin in Albany is credited with recovering some stolen property, helping police make an arrest.

The good news comes a few days before the Albany County Legislature votes on “Local Law G”, which will put in place controversial regulations regarding the purchase of precious metals.

The Albany County Dealers Association President says the success story of Olde Saratoga Coin is proof that there is no need for a local law governing what they do.

However, legislators who are pushing for this law say there needs to be more accountability county-wide; right now, it's only town by town.

Local law “G” has been debated by the legislature and second-hand dealers for a year and a half.

Albany County Dealers Association President, Jason Pierce, says there is a big concern among people who pawn that under the new law, they could be flagged for various reasons and their information put into a data bank for law enforcement agencies every time they sell.

Pierce says what happened at Olde Saratoga Coin is a success story and evidence that second-hand dealers are able to prevent property crime.

Within 24 hours of purchasing a platinum diamond ring, Olde Saratoga Coin recognized it as stolen property that was in an alert bulletin sent out by police.

But Albany County Legislator Gary Domalewicz says it's important for their to be a county-wide law put into place, to protect the citizens who may not be as fortunate as the victim in this particular case.

Domalewicz says the legislature will vote on Tuesday, November 13th.

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