NCBA, or the National Coin & Bullion Association (the trade name for the Industry Council for Tangible Assets or “ICTA“), has officially launched our new website — ncbassoc.org. “We believe the new website will be a benefit to NCBA members, providing many new improvements in an updated and smart-looking fashion. The site is user friendly, […]
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By National Coin & Bullion Association (NCBA) …… On March 2, Virginia governor Glenn Youngkin signed House Bill 3, which extends the sunset date for the sales-tax exemption on gold, silver, and platinum bullion and legal tender coins to June 30, 2025. Under the previous law, the exemption would have expired on June 30, […]
The post Virginia Bullion Sales-Tax Exemption Extended and Threshold Removed appeared first on CoinWeek.
By National Coin & Bullion Association (NCBA) …… The National Coin & Bullion Association (NCBA) dealer-members Dan Hedges (Auro Industries in Little Rock, Arkansas) [Left] and David Miholer (The Executive Coin Company in Stow, Ohio) [Right] have received the association’s 2021 Diane Piret Memorial Outstanding Service Award for their continuous dedication and financial contributions to […]
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The National Coin & Bullion Association (NCBA) is replacing our Consumer Patron-level membership with a new, free membership dedicated to collectors. The Concerned Collectors Coalition is specifically for individuals whose primary source of income is not generated by the sale of numismatic materials. Concerned Collectors Coalition members receive a membership certificate and the association’s quarterly […]
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In light of the Supreme Court’s South Dakota v. Wayfair decision, what would it mean for your business to be free of the burden of collecting sales tax on the coins, currency, and precious-metals bullion you sell? Even if your business is not located in one of the states below, if any of your customers–be […]
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The Ohio 2022–2023 budget reinstates the sales tax exemption for the purchases of investment metal bullion and investment coins that was eliminated in the previous budget. Two bills, House Bill 268 and House Bill 110, had the possibility of reinstating the exemption, with the budget bill, HB110, succeeding. The Ohio Senate Finance Committee and Ohio […]
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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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By Industry Council for Tangible Assets …… The Anti-Money Laundering Act of 2020 became law on January 1, 2021, and Congress is currently developing many specific regulations related to the act. Several components of the new law that are still to be finalized will directly impact the numismatic and bullion industry, including: Raising the minimum […]
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By Industry Council for Tangible Assets…. On May 3, 2021, Arkansas governor Asa Hutchinson (R) signed into law Senate Bill 336, creating an exemption from the sales and use tax for coins, currency, and bullion. “The bill’s primary sponsor, Senator Mark Johnson (R), along with its House sponsor, Representative Delia Haak (R-91), championed the bill […]
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The Industry Council for Tangible Assets (ICTA) dealer-member Dan Duncan (Pinnacle Rarities in Olympia, Washington) has received the association’s 2020 Diane Piret Memorial Outstanding Service Award for his continuous dedication and financial contributions to maintaining Washington State’s sales-tax exemption on sales of collector coins, bullion coins, and bullion. Duncan and other local dealers, particularly Karen […]
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On Tuesday, December 8, the Industry Council for Tangible Assets (ICTA) announced that Jimmy Hayes will step down as executive director at the end of the year, and its board of directors has appointed David Crenshaw as the new executive director, effective January 1, 2021. Of the change, Hayes said, “I have very much enjoyed […]
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Coin Dealers and “Stay at Home” orders By Industry Council for Tangible Assets …… The Industry Council for Tangible Assets (ICTA) has been contacted by many members who are requesting information on whether coin dealers may be exempt from “stay at home” orders, based upon the dealer inclusion in Section 352 of the Patriot Act. […]
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By Industry Council for Tangible Assets …… Industry Council for Tangible Assets (ICTA) dealer-member Dean Schmidt (Dean Schmidt Rare Coins, Atchison, Kansas) was honored during the ICTA dinner and update at Tony Roma’s in Orlando, Florida, on January 8 as the recipient of the 2019 Diane Piret Memorial Outstanding Service Award for his efforts to […]
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By Industry Council for Tangible Assets (ICTA) …… Patrick A. Heller was honored during the Industry Council for Tangible Assets dinner in Rosemont, Illinois, on August 14. He is stepping down as treasurer after 17 years of service. Heller will continue to serve as a director and ICTA’s states’ sales-tax exemption guru. “It has been […]
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By Industry Council for Tangible Assets (ICTA) …… ICTA member Dave Miholer (Executive Coin Company, Stow, Ohio) brought to our attention in May that the Ohio 2020–2021 budget eliminated the sales-tax exemption on the purchases of investment metal bullion and investment coins. The budget plan also directs the state to begin collecting sales taxes on […]
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The Federal Deposit Insurance Corporation has fully reversed its position on a list of merchant categories thought to present a high risk for payment fraud. In a May 29 article, the Wall Street Journal reports that a suit brought by payday lenders against the FDIC has been settled and that banks must no longer rely […]
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By Industry Council for Tangible Assets …… On Thursday, May 16, 2019, Kansas governor Laura Kelly (D) signed into law House Bill 2140, which provides a sales-tax exemption on sales of gold and silver coins and on all gold, silver, platinum, and palladium bullion. “The outcome is not everything we started with in the original […]
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By John Villavicencio for the Gold & Silver PAC …… Gold & Silver News From the Political Coordinator April showers bring… taxes The tax filing deadline for 2018 has come and gone, but what do you need to know for your 2019 taxes? If you sell on eBay or do business in California, keep […]
The post Gold & Silver PAC News – April/May 2019: Online Sales Tax Collection appeared first on CoinWeek.
Alabama Coin Dealers Honored With Diane Piret Service Award By Industry Council for Tangible Assets …… Industry Council for Tangible Assets (ICTA) dealer-members Phil Darby (J&P Coins and Currency, Helena, Alabama) and Steve Caiola (Alabama Gold Refiner, Homewood, Alabama) were honored during the ICTA dinner and update at FishBones, Orlando, Florida, on January 9 as […]
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By Industry Council for Tangible Assets (ICTA) …… The Industry Council for Tangible Assets (ICTA) and the Anti-Counterfeiting Educational Foundation (ACEF) have jointly announced an agreement to transfer the Anti-Counterfeiting Task Force (ACTF) and the position of director of anti-counterfeiting from ICTA to the non-profit 501-C-3 foundation. The transfer became effective November 15. The volunteer […]
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The IRS has granted the Anti-Counterfeiting Educational Foundation final approval as a 501(c)(3) non-profit organization and designation as a public charity. “IRS final approval allows Anti-Counterfeiting Educational Foundation to move forward in many different directions to raise funds,” said ACEF President Scott Spitzer, CEO of Manfra, Tordella & Brookes. Anti-Counterfeiting Educational Foundation was formed in […]
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To help fight fake numismatic merchandise in the marketplace, the Professional Numismatists Guild (www.PNGdealers.org) has donated $15,525 to the Industry Council for Tangible Assets Anti-Counterfeiting Task Force (www.ictaonline.org/actf). “Our PNG Board members personally donated $10,500 and the remainder of the money came from a portion of the fee for PNG members who took tables at the 2018 PNG/ANA Numismatic […]
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Homeland Security Investigations Special Agent Nicholas L. Tranchitella, Delaware Valley Rare Coins President Richard Weaver, and NCIC President Doug Davis were awarded ACTF’s 2018 Al Kreuzer Memorial Award for outstanding work in combating counterfeiters and those who traffic in counterfeit coins and currency in the United States. (ICTA image by David Crenshaw) The Industry Council […]
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The Industry Council for Tangible Assets (ICTA) is incredibly proud to have turned 35 in July—but we’re even more proud of how we achieved it. ICTA is governed by a volunteer Board of Directors elected by the membership. The list of the association’s past chairmen reads like a “Who’s Who” of the rare-coin / precious-metals […]
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Counterfeit Morgan dollar as well as counterfeit PCGS inserts and components of fake PCGS holder are among seized items sized by Homeland Special Investigates division of Homeland Security. Homeland Security loans Counterfeit items to illustrate deceptiveness, diversity The Industry Council for Tangible Assets Anti-Counterfeiting Task Force will exhibit a five-case display of counterfeit coins, precious […]
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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 …… Since 1986 when the United States Mint first introduced silver and gold American Eagle bullion coins, they have been top sellers in the United States as well as around the world. A new survey conducted by the Anti-Counterfeiting Task Force (ACTF) indicates the popular U.S. bullion coins […]
The post Silver, Gold American Eagles Most Counterfeited Bullion Coins: ICTA appeared first on CoinWeek.
By John Villavicencio for the Gold & Silver Political Action Committee…… Gold & Silver Political Action Committee News Update on Candidate Steve Bieda Last month the Gold & Silver Political Action Committee reported that we were supporting Steve Bieda (D) in his race for Michigan State Senator. In the fast-moving world of politics, the only thing certain […]
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By John Villavicencio for the Gold & Silver PAC …… Gold & Silver News From the Political Coordinator Update on Candidate Steve Bieda Last month we reported that we were supporting Steve Bieda (D) in his race for Michigan State Senator. In the fast-moving world of politics, the only thing certain is change. Steve withdrew from […]
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World Mint Work Group joining anti-counterfeiting effort By Industry Council for Tangible Assets …… Industry Council for Tangible Assets (ICTA) Chairman Philip N. Diehl has announced the appointment of Greg Allen as chair of the Anti-Counterfeiting Task Force (ACTF) Steering Committee. ACTF Steering Committee members serve as leaders of more than a dozen Work […]
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By Industry Council for Tangible Assets …… On Tuesday, March 6, 2018, Alabama governor Kay Ivey signed into law Senate Bill 156 to exempt the gross proceeds from the sales of gold, silver, platinum, and palladium bullion, and money from sales and use tax for five years. The law is a sales-and-use tax exemption on […]
The post Alabama Becomes 37th State with Bullion Sales Tax Exemption appeared first on CoinWeek.
Numismatic Guaranty Corporation® (NGC®) is proud to be working withthe American Numismatic Association (ANA), the Professional Numismatists Guild (PNG), the Industry Council for Tangible Assets (ICTA), and the Numismatic Crime Information Center (NCIC) to combat counterfeit coins. Last year, NGC launched a comprehensive Counterfeit Coins Detection portal, which can be accessed for free at NGCcoin.com/counterfeit. […]
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Numismatic Guaranty Corporation® (NGC®) is proud to be working withthe American Numismatic Association (ANA), the Professional Numismatists Guild (PNG), the Industry Council for Tangible Assets (ICTA), and the Numismatic Crime Information Center (NCIC) to combat counterfeit coins. Last year, NGC launched a comprehensive Counterfeit Coins Detection portal, which can be accessed for free at NGCcoin.com/counterfeit. […]
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By Industry Council for Tangible Assets …… The Board of Directors of the Industry Council for Tangible Assets (ICTA) has appointed six industry figures to guide the Anti-Counterfeiting Educational Foundation (ACEF), the non-profit organization recently formed to receive contributions to support the work of its Anti-Counterfeiting Task Force. Scott Spitzer [above], chief executive officer of […]
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By Industry Council for Tangible Assets ….. Investors Should Exercise Caution Investing in Gold Individual Retirement Account with Home Storage Some precious-metals bullion dealers recently have been advertising “home storage” as a legal and beneficial option for storing bullion that may be invested in a gold individual retirement account (IRA). The “home storage” concept may conflict […]
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By Coinweek …. CoinWeek News Wire for December 15, 2017 Brain Food 1.) Ancient Jewish Coins – Fame, Fortune and Fakes Did you get gelt? No, not the chocolate kind but honest-to-goodness gelt. Maybe you were lucky to receive a genuine Judaean coin for Chanukah. Or a medallion from the early years from the State […]
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By Industry Council for Tangible Assets ….. There is misinformation floating out around the dealer community intermingling “like-kind exchanges” and three different sections of the tax code (1031, 1099-b and bartering). The Industry Council for Tangible Assets (ICTA) has produced a white paper which goes into detail providing a comprehensive explanation of each section of […]
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By Scott Barman for the Gold & Silver PAC ….. Gold & Silver News From the Political Coordinator The most talked about and most complicated bill to analyze has been H.R. 1, the Tax Cuts and Jobs Act. While a lot of information has been talked about in the media, there have been many groups behind […]
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Coin Taxes – Congress is preparing to make changes to the taxation of “like-kind” exchanges that may effect you and your clients coin collections and the buying and selling coin and bullion products. By Industry Council for Tangible Assets (ICTA) …… The US House and Senate have included in their tax bills revisions to the […]
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By Industry Council for Tangible Assets ….. The Industry Council for Tangible Assets’ (ICTA) Anti-Counterfeiting Task Force (ACTF) has reorganized one of its original work groups and added three new groups since its early August meeting prior to the ANA World’s Fair of Money in Denver. Additionally, new members have joined the Steering Committee […]
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By Industry Council for Tangible Assets ….. A 28-year-old man from Waite Park, Minnesota, on September 25 is expected to respond to a felony charge for theft-by-swindle stemming from selling counterfeit coins to three pawn shops in the greater Minneapolis area. Eric Michael Johnson, identified in a complaint filed July 31 in Minnesota’s Seventh […]
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By Industry Council for Tangible Assets ….. The Industry Council for Tangible Assets (ICTA) recognized three individuals on August 2 for their outstanding contributions in the effort to combat counterfeit coins and currency, and for their support of the Anti-Counterfeiting Task Force (ACTF). Philip N. Diehl, Michael R. Fuljenz, and Chandra Kreuzer-Zell Rudd were the […]
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The Industry Council for Tangible Assets is now on Facebook. The association’s new social media site is a place where visitors can learn more about the association and members can stay up to date on association activities. “Facebook is a great way to highlight the breadth of the work that ICTA does,” said chief operating […]
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By Industry Council for Tangible Assets ….. Last year, the Louisiana legislature, facing a $900 million deficit, held a special legislative session and increased Louisiana’s 4% sales tax to 5%. In addition to increasing the state sales tax, it eliminated nearly all tax exemptions and exclusions–including numismatic coins and precious metals bullion exemptions–for three months, […]
The post Louisiana Coins and Precious Metals Bullion Exemption Enacted appeared first on CoinWeek.
By Industry Council for Tangible Assets ….. The Industry Council for Tangible Assets (ICTA) has named an 11-member Steering Committee and has formed eight Work Groups to begin the work of its Anti-Counterfeiting Task Force (ACTF). ICTA created the Anti-Counterfeiting Task Force in January and named Beth Deisher as its director. ACTF’s mission is to […]
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Beth Deisher Hired as Director By Industry Council for Tangible Assets ….. The Industry Council for Tangible Assets (ICTA) has formed a task force to mobilize law enforcement resources to protect the integrity of U.S. coinage by educating officials on the economic impact and growing threat counterfeit circulating, collectible and bullion coins pose to the […]
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By Industry Council for Tangible Assets ….. The Industry Council for Tangible Assets (ICTA) is expanding its team with legal and legislative-affairs expertise. Effective October 3, Jonathon Villavicencio (Sacramento, California) became the association’s legislative-affairs coordinator. John brings ICTA his expansive knowledge of legislative and regulatory processes, having spent the past two years working as a […]
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Recipients recognized at the World’s Fair of Money® Awards Banquet and Member Donor Reception The following individuals were formally recognized for their contributions to the hobby and the American Numismatic Association (ANA) on August 12 during the Awards Banquet and August 11 during the Member Donor Reception at the Anaheim World’s Fair of Money. The […]
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By Industry Council for Tangible Assets …… At its Board of Directors meeting last week in Anaheim, California, the Industry Council for Tangible Assets (ICTA) installed its new officers for 2016–2018. Former U.S. Mint director Philip N. Diehl, currently the president of U.S. Money Reserve in Austin, Texas, was named as the new chairman. Diehl […]
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By Scott Barman for the Gold & Silver Political Action Committee ….. From the Political Coordinator In my introduction to the August 2015 newsletter I said that “22 men and women have thrown their proverbial hats in the ring to become President of the United States.” One year later, we are down to two representing […]
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By Scott Barman for the Gold & Silver Political Action Committee ….. From the Political Coordinator This newsletter begins my fifth year of reporting the politics and policies of the numismatics and precious metals market for the Gold and Silver Political Action Committee. At the end of June, I ended a temporary assignment working with […]
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By Industry Council for Tangible Assets…. At the Georgia Numismatic Association’s (GNA) annual banquet on April 16, special guest and American Numismatic Association (ANA) president Jeff Garrett recognized an individual who has made numerous contributions to the hobby and to the American Numismatic Association: “When David Crenshaw was 10 years old, he picked out his […]
By Industry Council for Tangible Assets…. Recognizing the need for members to have access to health insurance and wellness programs, the Industry Council for Tangible Assets (ICTA) has engaged the services of USI Affinity Insurance to offer a private health-insurance marketplace. USI Affinity expands the notion of what “member benefits” are by making the shopping […]
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By Industry Council for Tangible Assets…. American Gold Exchange president and long-time Industry Council for Tangible Assets (ICTA) member Dana Samuelson has been elected as the 2015–2017 president of the Professional Numismatists Guild (PNG). In an August 24 press release from PNG, Samuelson said: “As president, I look forward to continuing the initiatives we’ve begun […]
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By Industry Council for Tangible Assets…. A giant in the dealer and collector community, Diane Piret truly did make a difference! She left her mark on every aspect of ICTA, whose team of Executive Director Eloise Ullman and Industry Affairs Director Diane Piret worked tirelessly to improve the lives of every dealer and collector for […]
The post Summer Seminar Scholarship a Celebration of Diane Piret’s Life appeared first on CoinWeek.
By Industry Council for Tangible Assets…. News that the Texas legislature recently passed a bill (now a law signed by Governor Abbott) for the establishment of a secure precious metal depository is a very exciting update. Texas will now become the first state-owned and operated depository in the United States. In pioneering this effort, the […]
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Minnesota coin dealer Gary Adkins speaks to CoinWeek’s David Lisot about proposed legislation in the North Star State that would end sales tax collection from bullion sales. If passed, this new law would overturn a controversial 2014 law targeting the bullion and rare coin industry. Copyright © CoinWeek May 2015 COINWeek is the most advanced independent on-line media […]
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A coalition of numismatic businesses, led by John Feigenbaum (David Lawrence Rare Coins), lobbyist Stephen Haner, and the Industry Council for Tangible Assets (ICTA), started working together last summer on legislation to exempt rare coins, paper money, and precious metals from Virginia’s sales and use taxes. In this year’s legislative session, HB 1648 (sponsored by […]
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On December 15, 2014, the U.S. Senate passed H.R. 2754: Collectible Coin Protection Act by unanimous consent. Since the bill had been previously passed by the House of Representatives earlier in the session, the Senate action sends the bill to the president. There is no reason to believe that the president will not sign the […]
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Guest Column by Anthem Hayek Blanchard for CoinWeek.com…. January 1st, 2015 will mark the 40th anniversary of the demise of gold ownership restriction for U.S. citizens. It was on that date in 1975 that an act of Congress signed by President Gerald Ford struck down Executive Order 6012. Enacted by President Franklin D. Roosevelt […]
The post A Golden Anniversary: Four Decades of the Right to Choose Metal over Paper appeared first on CoinWeek.
Jimmy Hayes, Numismatic Lobbyist and former Congressman. The intricacies of passing legislation and how bills can be changed and amended are highlighted in this explanation by Jimmy Hayes. He talks about laws that have been passed or are possible to be passed that will have enormous implications for the numismatic market place. //www.youtube.com/watch?v=vV9S0-k7X3E Copyright © […]
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Gary Adkins, Gary Adkins & Associates Interviewer: David Lisot, CoinWeek.com………. Recent legislation in Minnesota requires any business buying or selling more than $5000 to register with the state government, obtain a surety bond and conform to other regulation and oversight. Find out the implications of this new law from Minnesota dealer, ICTA member, and former […]
The post How New Minnesota Coin Dealer Registration Law Affects Dealers in Other States. VIDEO: 3:37 appeared first on CoinWeek.
CTA Member Deb Evans-Olson Leads Effort Nebraska is the 31st state to pass a sales tax exemption on rare coins and precious metals product. Governor Heineman signed LB 867 on April 2, which immediately became law upon his signing. The portion of the bill relevant to our industry is Section 14: Sales and use taxes […]
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For 30 years, the ICTA logo hasn’t been updated and now is the perfect time for a change. This is an incredibly exciting year for the Industry Council for Tangible Assets (ICTA) as we prepare to release our new membership association software, new website, new purpose and mission statements, new marketing materials as well as […]
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