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What goes wrong

There is no provenance

Updated

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A specimen without a record is not a specimen, it is an object, and it cannot be sold with confidence.

How a collection loses it

Cards fall out of jars, specimens are regrouped for display, a spreadsheet is lost, or a collection changes hands without its paper. None of those is dramatic and all of them are permanent.

What it costs

The ability to sell, the ability to lend to a museum, and most of the scientific value. Locality and formation are what make a fossil evidence rather than a decoration.

And it cannot be reconstructed

A plausible locality inferred from the species is a guess, and writing a guess on a label is exactly the false record the statute names. The honest record is "locality unknown".

Which is still a usable record

Locality unknown, acquired from X on date Y, is informative. It tells a buyer what the specimen is and is not, and it lets them make their own decision rather than relying on a precision nobody has.

Buying without it carries the same risk

Acquiring, receiving and purchasing are all named in the prohibition, so a buyer is exposed too. A dealer who cannot say where a specimen came from has told you something.

Record it at the moment of acquisition

Every time, in the jar, on the card, before the specimen joins the collection. It takes a minute then and it is impossible later, which is the whole of the practice.

And keep the acquisition documents

Invoices, permissions from landowners, correspondence. Those are what turn a label into evidence, and they are what a serious buyer or a museum will ask to see.

The record is most of the value

Two identical trilobites, one with a locality and a date and one without, are not worth the same and should not be. The paper is not administrative overhead on top of the specimen, it is a large part of what a buyer is buying.

References

16 U.S.C. 470aaa-5, Prohibited acts; criminal penalties. Paragraph (a)(3) bars selling, purchasing or offering to, where the person knew or should have known the resource came from Federal land; (b) creates a false labeling offense; (c) sets penalties of up to 5 years, or 2 years where value and restoration cost do not exceed $500; (e) exempts resources in lawful possession before 30 March 2009. law.cornell.edu
16 U.S.C. 3372, the Lacey Act’s prohibited acts, which make it unlawful to import, export, transport, sell, receive, acquire or purchase fish, wildlife or plants taken, possessed, transported or sold in violation of any law, treaty or regulation of the United States, any Indian tribal law, or in interstate or foreign commerce any State or foreign law. law.cornell.edu
Written from federal statute, not from a prep lab. PRPA covers federal land; private land, state land and tribal land each answer to different rules, and foreign fossils bring export law with them. Nothing here is advice on a particular specimen, and the permit questions belong to the managing agency.