By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… Suspect in Coin Show Theft Arrested On November 26, 2021, Numismatic Crime Information Center (NCIC) sent out an alert regarding a theft that occurred at the recent Baltimore coin show. On November 30, 2021, a suspect described as a Hispanic male attempted […]
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The National Coin & Bullion Association (NCBA) is fighting to preserve sales-tax exemptions on coins, paper money, and precious-metals bullion in 39 states, and we are also working to gain such an exemption in the 11 states that do not currently have one. We are currently seeking 400 coin and precious metals dealers to take […]
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From the Feb. 14, 2020, Numismatic News E-NewsLetter
Are you concerned about the ever-increasing tax requirements that affect coin dealers? What impact do you think it will have on the hobby?
Here are some answers sent in from our E-Newsletter readers.
I used to be a part-time dealer for a few years; it wasn’t a business and I wasn’t in it for the money
It does not pay to be a coin collector in Wisconsin.
Or a paper money collector, for that matter.
As the phrase goes, “reality bites
Numismatists should be worried about how the hobby will be affected by a labyrinth of tax rules By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Several months ago, I received the dreaded letter from the State of Kentucky notifying me that my company would be undergoing a four-year sales tax audit. Even though […]
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By Industry Council for Tangible Assets ….. On Tuesday, July 25, 2017, North Carolina governor Roy Cooper signed into law House Bill 434: Coins/Currency/Bullion Sales Tax Exemption. The law is a complete sales-and-use tax exemption on coins, currency, and precious-metals bullion sales. “The bill’s author, Representative Dana Bumgardner, coauthors Representative Jeff Collins, Representative Mark Brody, […]
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By Scott Barman for the Gold & Silver PAC ….. It’s tax time. Some expert tips to make sure you are in compliance with the law. Internet Sales Tax Although congress has not had any discussions about interstate sales taxes for cross-state purchases, the National Governors Association (NGA) did have some discussions about the issue during […]
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