Category Archives: ICTA

CoinWeek Podcast #142: A Legal Challenge to the Minnesota Coin Law

 CoinWeek Podcast #142: A Challenge to the Minnesota Coin Law Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. Charles Morgan talks to Tom “The Coin Guy” Styczinski and his attorney Erick Kaardal join us to discuss a new lawsuit that has been filed […]

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“Stay at Home” Applies to Coin Dealers

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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“Stay at home” applies to coin dealers

More states issue stay-at-home orders to mitigate the spread of COVID-19
The Industry Council for Tangible Assets has been contacted by many members who are requesting information on whether dealers may be exempt from “stay at home” orders, based upon the dealer inclusion in Section 352 of the Patriot Act.
ICTA’s executive director, Jimmy Hayes, was an author of the Louisiana Bank Code and a former commissioner of financial institutions

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Bullion and coin sales-tax exemption successfully defended again in Maryland

Repeal attempt fails in committee after opposition by Whitman Expos, ICTA, Visit Baltimore
The Maryland House of Delegates’ Ways and Means Committee stopped a proposed repeal to the state sales tax exemption for certain coin and bullion sales on Wednesday, March 11, 2020. The committee’s Unfavorable Report on House Bill (HB) 1284 came after opposition from Whitman Coin & Collectibles Expo, the Industry Council for Tangible Assets, and Visit Baltimore

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ICTA Gives Service Award to Kansas Dealer Dean Schmidt

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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Slight Progress on Ebay Erroneous Sales Tax Charges

By Patrick Heller 
Two weeks ago, I wrote about the growing problem of how sales facilitators (referred to by many states as “market providers”) such as Amazon and eBay are now required to collect and remit the sales taxes applicable in the buyer’s state if the seller is from a different state. Unfortunately, every software system approved by the Streamline Sales Tax Governing Board, Inc. and available to Amazon and eBay has a number of errors in 1) implementing existing states’ sales tax exemptions, and 2) calculating the correct sales taxes to collect in states where county and local sales taxes may apply

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Dean Schmidt receives service award for Kansas bill efforts

Industry Council for Tangible Assets 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 see Kansas House Bill 2140 passed. The bill provides a sales-tax exemption on sales of gold and silver coins and on all gold, silver, platinum, and palladium bullion

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ICTA Installs New Treasurer and Secretary, Patrick A. Heller Honored

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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Ohio Nixes Coin/Bullion Sales Tax Exemption—Reducing Future Tax Collections

The Ohio legislature, after going back and forth on the issue, sent a fiscal 2020-2021 budget bill to Governor Mike DeWine’s office that eliminates that state’s existing sales tax exemption on precious metals bullion and bullion-priced gold and silver coins, effective Oct. 1, 2019.
According to budget plans, once again imposing sales tax on such products will result in a net increase in Ohio total tax collections

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Ohio budget kills sales-tax exemption

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 interstate purchases, due to the requirements of South Dakota vs

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Gold & Precious Metals News: Ohio Budget Kills Sales-Tax Exemption for Bullion, Coins

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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Ohio budget kills sales-tax exemption

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 interstate purchases, due to the requirements of South Dakota vs

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FDIC Backs Down on “High-Risk” Merchant List That Included Coin Dealers

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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FDIC backs down on “high-risk” merchant list

The FDIC 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 Federal Deposit Insurance Corporation has been settled and that banks must no longer rely on the FDIC’s “high-risk” list, which included coin dealers

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New Kansas Bill Provides Sales Tax Exemption

On Thursday, May 16, 2019 Kansas governor Laura Kelly 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 bill, but certainly better than where we were,” said Dean Schmidt (Dean Schmidt Rare Coins). The late Diane Piret, ICTA’s director of legislative affairs, would agree

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Kansas governor signs bill providing sales-tax exemption

On Thursday, May 16, 2019, Kansas governor Laura Kelly 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 bill, but certainly better than where we were,” said Dean Schmidt (Dean Schmidt Rare Coins)

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Kansas Governor Signs Sales Tax Exemption on Gold, Silver Coins, Precious Metals Bullion

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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Gold & Silver PAC News – April/May 2019: Online Sales Tax Collection

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 […]

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West Virginia to end sales taxation on gold and silver

Many argue that purchasing bullion coins, like this $50 gold Buffalo, is no different than “purchasing” two ten dollar bills with a twenty dollar bill at the bank. (Image courtesy of The United States Mint)
By unanimous vote on March 8, the West Virginia Legislature approved Senate Bill 502, originally introduced by Sen. Craig Blaire (R-Martinsburg), which called for the exemption of taxation on sales of investment metal bullion and investment coins

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ICTA Executive Director Jimmy Hayes discusses silver and gold bullion taxes in U.S. states with James Anderson of SD Bullion

On last week’s Metals and Markets podcast, SD Bullion’s James Anderson talked with Industry Council for Tangible Assets (ICTA) Executive Director Jimmy Hayes about changing bullion sales tax rates for gold and silver in various U.S

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ICTA honors Darby for service

Industry Council for Tangible Assets chief operating officer David Crenshaw, left, and ICTA treasurer Patrick Heller, right, present Phil Darby with the organization’s Diane Piret Memorial Outstanding Service Award.
Alabama coin dealers who spearheaded the effort to win a sales tax exemption in Alabama were recognized Jan. 9 in Orlando, Fla

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Alabama dealers honored with service award

Industry Council for Tangible Assets Chief Operating Officer David Crenshaw (left) and ICTA Treasurer Patrick Heller (right) present Phil Darby (center) with the organization’s Diane Piret Memorial Outstanding Service Award at the organization’s dinner and update.
Industry Council for Tangible Assets 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 the recipients of the 2018
Diane Piret Memorial Outstanding Service Award

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Alabama dealers honored with service award

Industry Council for Tangible Assets Chief Operating Officer David Crenshaw (left) and ICTA Treasurer Patrick Heller (right) present Phil Darby (center) with the organization’s Diane Piret Memorial Outstanding Service Award at the organization’s dinner and update.
Industry Council for Tangible Assets 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 the recipients of the 2018
Diane Piret Memorial Outstanding Service Award

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Coin Industry News: 2018 Diane Piret Award, Promotion at Heritage Currency

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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PNG Steps up Fight Against Fakes With Anti-Counterfeiting Educational Foundation

New nonprofit entity created to accept donations for important 2019 work by Anti-Counterfeiting Task Force The Anti-Counterfeiting Task Force (ACTF) accomplished major victories combatting fakes and educating the public about counterfeits in the marketplace in 2018, according to ACTF Coordinator Beth Deisher. She envisions continued success in 2019 following the recent major reorganization of the […]

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Anti-Counterfeiting Task Force Moves to Foundation

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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Anti-Counterfeiting Task Force moves to foundation

The Industry Council for Tangible Assets and the Anti-Counterfeiting Educational Foundation have jointly announced an agreement to transfer the Anti-Counterfeiting Task Force and the position of director of counterfeiting from ICTA to the non-profit 501-C-3 foundation.
The transfer became effective November 15

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Greedy states exaggerate tax yield

Last week, I traveled to another state to meet, along with some of that state’s coin dealers, with revenue and tax officials. The purpose of the meeting was to discuss the impact on state tax collections should a rare coins, precious metals, and paper currency sales tax exemption be adopted by the state in 2019. Currently, only 13 states and the District of Columbia that impose a sales tax do not have a complete or partial sales tax exemption for rare coins, precious metals bullion, and currency

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ICTA names new director and officers and elects new board members

The Industry Council for Tangible Assets (ICTA), the national trade association for dealers of rare coins, currency, and precious-metals bullion, announced that former congressman James “Jimmy” Hayes has been appointed the executive director of the organization. Hayes will also continue his previous work as a lobbyist for the rare-coins and precious-metals hobby and industry

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ICTA Names New Director and Officers and Elects New Board Members

The Industry Council for Tangible Assets (ICTA), the national trade association for dealers of rare coins, currency, and precious-metals bullion, announced that former congressman James “Jimmy” Hayes has been appointed the executive director of the organization. Hayes will also continue his previous work as a lobbyist for the rare-coins and precious- metals hobby and industry. […]

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ACEF receives IRS approval, now public charity

The IRS has granted the Anti-Counterfeiting Educational Foundation (ACEF) final approval as a 501(c)(3) non-profit organization and designation as a public charity.
“IRS final approval allows ACEF to move forward in many different directions to raise funds,” said ACEF President Scott Spitzer, CEO of Manfra, Tordella & Brookes

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PNG donates to ICTA’s anti-counterfeiting efforts

To help fight fake numismatic merchandise in the marketplace, the Professional Numismatists Guild (PNG) has donated $15,525 to the Industry Council for Tangible Assets Anti-Counterfeiting Task Force (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 Trade Show in Philadelphia,” explained PNG Executive Director Robert Brueggeman

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ICTA celebrates 35 years of business

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

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ACTF special exhibit of counterfeit coins, bars for public education

Homeland Security loans items to illustrate levels of deceptiveness, diversity
The Industry Council for Tangible Assets’ (ICTA) Anti-Counterfeiting Task Force (ACTF) will exhibit a five-case display of counterfeit coins, precious metals bars, and grading holders during the American Numismatic Association’s World’s Fair of Money from August 14-18 at the Pennsylvania Convention Center in Philadelphia.
The counterfeit items are on special loan from the Cherry Hill, N

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ACTF special exhibit of counterfeits coins, bars for public education

Homeland Security loans items to illustrate levels of deceptiveness, diversity
The Industry Council for Tangible Assets’ (ICTA) Anti-Counterfeiting Task Force (ACTF) will exhibit a five-case display of counterfeit coins, precious metals bars, and grading holders during the American Numismatic Association’s World’s Fair of Money from August 14-18 at the Pennsylvania Convention Center in Philadelphia.
The counterfeit items are on special loan from the Cherry Hill, N

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Internet Sales Tax? Supreme Court Ruling Alarming

  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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The Mike Fuljenz Metal Report on Gold and Silver

Gold and Silver Report By Mike Fuljenz – Universal Coin & Bullion …… Commerzbank Predicts $1,500 Gold, $20 Silver in 2019 For the first half of 2018, gold and silver were down 3% to 4% while the U.S. stock market was flat. The main culprit was a strong U.S. dollar in the second quarter. Gold […]

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Silver, gold American Eagles most counterfeited bullion coins

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

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Silver, gold American Eagles most counterfeited bullion coins

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

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Man pleads guilty to selling, importing fakes; impersonating agent

ACTF plays a key role in the investigation and assists experts in identifying fakes
A New Jersey man admitted June 25 to impersonating a federal agent while selling counterfeit coins and bars and unlawfully importing counterfeit coins and bars into the United States, according to U.S

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Silver, Gold American Eagles Most Counterfeited Bullion Coins: ICTA

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 […]

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Greg Allen new ACTF Steering Committee chair

World Mint Work Group joining anti-counterfeiting effort
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

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Greg Allen New Anti-Counterfeiting Task Force Steering Committee Chair: ICTA

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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Celebrating the American Legion—and America’s veterans—with coins

Background photo by Diego Delso.
What comes to mind when you think of the American Legion?
My thoughts go to my family and World War II

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Celebrating the American Legion—and America’s veterans—with coins

What comes to mind when you think of the American Legion?
My thoughts go to my family and World War II. Many of my uncles served in the Army and Navy during the war, in places far distant from their homes in central New York

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Alabama becomes 37th state with a sales tax exemption

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 U

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Alabama Becomes 37th State with Bullion Sales Tax Exemption

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 […]

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ICTA appoints six to non-profit foundation board

The board of directors of the Industry Council for Tangible Assets (ICTA) has appointed six industry leaders 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, chief executive officer of Manfra, Tordella & Brookes, Inc

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NGC Teams With ANA, PNG, ICTA and NCIC to Fight Counterfeit Coins

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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NGC Teams With ANA, PNG, ICTA and NCIC to Fight Counterfeit Coins

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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ICTA Appoints Seven to Non-Profit Foundation Board

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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Central States Announces Heritage Auctions Educational Speakers

2018 election results also announced By Central States Numismatic Society (CSNS) …… The 79th Anniversary Convention of the Central States Numismatic Society (CSNS) will be held April 24-28, 2019 at the Schaumburg Convention Center and Renaissance Hotel, located at 1551 North Thoreau Drive in the Chicago suburb located roughly 10 miles Northwest of O’Hare Airport. […]

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ICTA News: Exercise Caution with Gold IRA Home Storage, NC Dealer Wins Award

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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North Carolina dealer honored with service award

Industry Council for Tangible Assets (ICTA) dealer member Mitch Hyatt (Hyatt Coin and Gun Shop, Charlotte, North Carolina) was honored during the ICTA dinner and update cruise aboard the Yacht StarShip II in Tampa, Florida, on January 3 as the recipient of the 2017 Diane Piret Memorial Outstanding Service Award.
In the fall of 2016, Hyatt started collaborating with ICTA on a campaign to obtain a state coin, currency, and precious-metals bullion sales-tax exemption

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Transportation and shipping security seminar

A Loomis Armored representative will discuss transportation and shipping security at the upcoming Florida United Numismatists (FUN) show. The Industry Council for Tangible Assets (ICTA) will host the seminar

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Transportation and shipping security seminar

A Loomis Armored representative will discuss transportation and shipping security at the upcoming Florida United Numismatists (FUN) show. The Industry Council for Tangible Assets (ICTA) will host the seminar

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CoinWeek News Wire for December 15, 2017: Christmas Gold Coins, Bitcoin News, Greek Coins

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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Confused Over GOP Tax Legislation and Like-Kind Exchanges? ICTA Can Help

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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Confused over proposed tax legislation and like-kind exchanges?

There is some 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 the tax code

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Gold & Silver PAC December 2017 e-Newsletter: GOP Tax Bill Alert

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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Tax Bill to Change Coin Taxes of “Like-Kind” Exchanges

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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Dillon Gage Subsidiary IDS Group Opens First Texas Bullion Depository

Accepting clients as of November 1 International Depository Services Group (IDS), a privately-owned subsidiary of Dillon Gage Metals, has opened Texas’ first precious metals depository, International Depository Services of Texas. Beginning November 1, depository clients who wish to store precious metals bars, rounds and coins in the state of Texas are able to contact IDS […]

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Anti-Counterfeiting Task Force Reorganizes Research, Adds Three Work Groups

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 and […]

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Anti-Counterfeiting Task Force Reorganizes Research, Adds Three Work Groups

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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ACTF reorganizes research group, adds three work groups

The Industry Council for Tangible Assets’ Anti-Counterfeiting Task Force has reorganized one of its original work groups and added three new groups since its early August meeting prior to the World’s Fair of Money in Denver. Additionally, new members have joined the Steering Committee and work groups

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Minnesota man charged with felony for selling counterfeit coins

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 7th Judicial District Court located in Stearns County, could face a maximum sentence of five years imprisonment and/or a fine of $10,000

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Minnesota Man Charged with Felony for Selling Counterfeit Coins

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 Judicial […]

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Minnesota Man Charged with Felony for Selling Counterfeit Coins

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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Minnesota man charged with felony for selling counterfeit coins

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 7th Judicial District Court located in Stearns County, could face a maximum sentence of five years imprisonment and/or a fine of $10,000

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Beth Deisher Honored With 2017 PNG Lifetime Achievement Award

The Professional Numismatists Guild (PNG) presented its 2017 PNG Lifetime Achievement Award to prominent hobby leader Beth Deisher. The award was announced during the PNG’s annual banquet held this year in Denver, Colorado on July 31, 2017. Deisher is the Anti-Counterfeiting Task Force (ACTF) Director of the Industry Council for Tangible Assets (ICTA). She was […]

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Three receive ACTF Al Kreuzer Memorial Award from ICTA’s Anti-Counterfeiting Task Force

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

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Three in Coin Industry Receive Anti-Counterfeiting Al Kreuzer Memorial Award

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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North Carolina joins 35 other states with sales-tax exemptions

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

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North Carolina Joins 35 Other States with Sales Tax Exemption on Coins

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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North Carolina joins 35 other states with sales-tax exemptions

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

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Meet Former Mint Director Philip Diehl at ANA World’s Fair of Money

By Industry Council for Tangible Assets (ICTA) …… Meet former U.S. Mint director Philip N. Diehl in person at the 2017 American Numismatic Association (ANA) World’s Fair of Money in Denver! From Diehl’s creation of the popular 50 State Quarters program to his launch of the first-ever U.S. government–issued platinum coin, he is considered one […]

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Bullion & Precious Metals Organization ICTA Launches Facebook Page

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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Louisiana Coins and Precious Metals Bullion Exemption Enacted

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, […]

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Minnesota gets sales-tax exemption on precious-metals bullion

On May 30, 2017, Minnesota governor Mark Dayton signed into law omnibus bill H1A, which included a sales-tax exemption on precious-metals bullion. (An omnibus bill is a proposed law that covers many diverse or unrelated topics

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Gold, Precious Metals & Bullion News – Minnesota Sales Tax Exemption Enacted

By Industry Council for Tangible Assets ….. On May 30, 2017, Minnesota governor Mark Dayton signed into law omnibus bill H1A, which included a sales-tax exemption on precious-metals bullion. (An omnibus bill is a proposed law that covers many diverse or unrelated topics.) The new law will take effect on July 1, 2017. Minnesota becomes […]

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Minnesota gets sales-tax exemption on precious-metals bullion

On May 30, 2017, Minnesota governor Mark Dayton signed into law omnibus bill H1A, which included a sales-tax exemption on precious-metals bullion. (An omnibus bill is a proposed law that covers many diverse or unrelated topics

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ICTA’s Anti-Counterfeiting Task Force gets underway with steering committee and work groups

The Industry Council for Tangible Assets has named an 11-member steering committee and has formed eight work groups to begin the work of its Anti-Counterfeiting Task Force.
ICTA created the Anti-Counterfeiting Task Force in January and named Beth Deisher as its director

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ICTA Names Industry Notables to Task Force Steering Committtee, Forms Work Groups

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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Counterfeits – The Battle Begins

The best protection against the threat of counterfeits is to buy coins from a reputable source By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… My term as President of the American Numismatic Association (ANA) will expire in August. I have told many friends and business associates that I still have much that I would […]

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Virginia Becomes Latest State to Pass Rare Coin Sales Tax Exemption

By John Brush – President, David Lawrence Rare Coins …… To paraphrase Margaret Mead, a small group of thoughtful, committed citizens can make great change when working together. John Brush of David Lawrence Rare Coins and John Feigenbaum of the Coin Dealer Newsletter–along with lobbyist Stephen Haner and the Industry Council for Tangible Assets (ICTA)–have […]

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Anti-Counterfeiting Task Force Formed; Beth Deisher Hired as Director

At their January 4 meeting, the board of directors of the Industry Council for Tangible Assets (ICTA) approved the formation of an Anti-Counterfeiting Task Force (ACTF) committee. The aim of the ACTF is to mobilize law-enforcement resources to protect the integrity of U

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Consumer Protection News – Anti-Counterfeit Task Force Formed

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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Anti-Counterfeiting Task Force Formed; Beth Deisher Hired as Director

At their January 4 meeting, the board of directors of the Industry Council for Tangible Assets (ICTA) approved the formation of an Anti-Counterfeiting Task Force (ACTF) committee. The aim of the ACTF is to mobilize law-enforcement resources to protect the integrity of U

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First Candidates for ANA President Enter the Race

By CoinWeek News Staff …. 2017 will see the end of American Numismatic Association (ANA) President Jeff Garrett’s term of office, and already two individuals have come forward to announce their candidacies to replace him. Mike Ellis The first candidate for the next ANA presidency is Mike Ellis. Former member of the Board of Governors […]

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Diehl, Adkins, and Allen Honored with Service Award

ICTA chairman Philip Diehl and board members Gary Adkins and Greg Allen were honored during the Industry Council for Tangible Assets membership and board of directors’ dinner in Fort Lauderdale, Florida, on January 4 as the recipients of the annual Diane Piret Memorial Outstanding Service Award.
All three gentlemen worked tirelessly for two years to amend the Minnesota Bullion Coin Dealer law

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Association Spotlight: Industry Council for Tangible Assets

This is the first in a planned series of articles on the groups and associations that serve the interests of numismatists around the country.
For the last few years, the Industry Council for Tangible Assets (ICTA) has been on a mission

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ICTA Welcomes New Team Member

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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Texas to Create First State-Owned, Operated Precious Metal Depository

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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Legislation in Minnesota Seeks to Exempt Sales Tax on Bullion Sales – Video: 1:14

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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Virginia Passes Sales Bullion Tax Exemption Bill

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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Collectible Coin Protection Act Unanimously Passed

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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A Golden Anniversary: Four Decades of the Right to Choose Metal over Paper

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 […]

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Hobby Protection and Marketplace Fairness Act Legislative Updates. VIDEO: 9:21.

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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Industry Council for Tangible Assets (ICTA) Announces New Logo

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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