Category Archives: Coins and the Law

Collecting Ancient Coins: Time to Consider a New Paradigm That Facilitates Lawful Trade

By Peter K. Tompa – Cultural Property Observer….. The following is a statement delivered at the Wednesday, July 22 meeting of the Cultural Property Advisory Committee (CPAC) by lawyer and numismatic advocate Peter K. Tompa concerning proposed updates to the 2021 renewal of the Memorandum of Understanding (MOU) with Italy. These updates threaten American collectors’ […]

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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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Former Police Chief Doug Davis Named Anti-Counterfeiting Director of the Anti-Counterfeiting Educational Foundation

Current Anti-Counterfeiting Director Beth Deisher will step down in September after successful anti-counterfeiting work Doug Davis, founder of the Numismatic Crime Information Center (www.NumismaticCrimes.org) and a former Police Chief of the Dallas suburb of Pantego, Texas, has been selected by the nonprofit Anti-Counterfeiting Educational Foundation (ACEF www.ACEF online.org) to be its next Director of Anti-Counterfeiting. Davis has more […]

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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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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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West Virginia Legislature Votes to End Sales Tax on Gold & Silver

By Sound Money Defense League ……   Sound money advocates rejoiced on Friday, March 8 as the state legislature of West Virginia overwhelmingly passed Senate Bill 502 and sent it to Governor Jim Justice for his signature. First passed unanimously in the West Virginia Senate last month, the measure removes state sales taxation of precious […]

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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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Congressmen Introduce Bill to End Taxation of Gold and Silver

The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act – backed by the Sound Money Defense League, Money Metals Exchange, and free-market activists […]

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Gold & Silver Political Action Committee and South Dakota vs Wayfair

Summer comes to an end, and with it the legislative season for most of the country. In the words of our Chairman Barry Stuppler, the Gold & Silver PAC is “keeping our powder dry” while we wait for mid-term election results. In the meantime, the ACTF’s (Anti-Counterfeiting Task Force) fight against counterfeiting is heating up, and […]

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CoinWeek IQ: Gold Bullion Coin Act of 1985

An Act to authorize the minting of gold bullion coins. Be it in enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLE Section 1. This Act may be cited as the “Gold Bullion Coin Act of 1985”. MINTING GOLD BULLION COINS Sec. 2.(a) Section 5112(a) […]

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CoinWeek Podcast #104: South Dakota vs. Wayfair and Its Potential Impact on You

 CoinWeek Podcast #104: South Dakota vs. Wayfair and Its Potential Impact on You Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. A narrowly-decided decision in the South Dakota vs. Wayfair case at the United States Supreme Court will have major implications on the […]

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CoinWeek IQ: Coinage Act of 1792

Coinage Act of 1792 United States Statutes at Large, 2nd Congress, Session I., p. 246-251. April 2, 1792 AN ACT Establishing a Mint, and regulating the Coins of the United States. Section 1. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, and it is hereby […]

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Gold & Silver Political Action Committee May 2018 e-Newsletter

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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Gold & Silver PAC May 2018 e-Newsletter

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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The 1933 Double Eagle: America’s Most Notorious Coin

By Eric Brothers for CoinWeek ….. If you ever thought that it would be cool to own a 1933 Double Eagle, think again. The handful of people who have “owned” specimens of the notorious coin have been famously unlucky. But what’s so unlucky about owning one of the most coveted American coins struck in the […]

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Counterfeit Coins and the Effects on Numismatics

By Harvey Stack – Founder, Stack’s Bowers…. Editors Note: Links to the next two Articles…. Part2     Part 3 Counterfeiting, or making something false, has occurred since goods were exchanged for services or other items. If a bag that was supposed to contain wheat was instead full of another grain or even sand, that was […]

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Counterfeit Coins and the Effects on Numismatics

By Harvey Stack – Founder, Stack’s Bowers ……   Editors Note: Links to the next two Articles…. Part2     Part 3 Counterfeiting, or making something false, has occurred since goods were exchanged for services or other items. If a bag that was supposed to contain wheat was instead full of another grain or even sand, […]

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Precious Metals & Bullion News – Wyoming Ends All Taxation of Gold & Silver

By Money Metals Exchange …… Sound money activists rejoiced as the Wyoming Legal Tender Act (PDF) became law today. The bill restores constitutional, sound money in Wyoming. Backed by the Sound Money Defense League, Campaign for Liberty, Money Metals Exchange, and in-state grassroots activists, HB 103 removes all forms of state taxation on gold and […]

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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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Postal Inspectors, FedEx, District Attorney Investigators and Banking Investigators to Attend ANA Law Enforcement Seminar

Numismatic crime offenses related to USPS and FedEx shipments continue to plague the numismatic industry and in most cases are frustrating to the victims. The immediate challenge in these type of offenses is determining which law enforcement agency federal or local takes the lead role. The Numismatic Crime Information Center is addressing these issues along with other […]

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Numismatic Crime – PNG Dealer Helps FBI Nab Theft Suspects

All dealers should be cautious about possible long-term ramifications of cashing fraudulent checks A long-time member of the Professional Numismatists Guild (www.PNGdealers.org) assisted the Federal Bureau of Investigation in solving a case involving an attempt by suspected thieves to purchase $2 million of gold using a bank check with the forged signature of a deceased New […]

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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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COINS Act to Reform US Currency Gains New Support in Congress

Would Provide $16 Billion in Budget Savings By Dollar Coin Alliance …… Three Members of Congress have signed on as co-sponsors of the bipartisan Currency Optimization, Innovation, and National Savings (COINS) Act of 2017 (H.R. 2299), an effort that will modernize U.S. currency in order to save American taxpayers at least $16 billion. Rep. Mike […]

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COINS Act to Reform US Currency Gains New Support in Congress

Would Provide $16 Billion in Budget Savings By Dollar Coin Alliance ……   Three Members of Congress have signed on as co-sponsors of the bipartisan Currency Optimization, Innovation, and National Savings (COINS) Act of 2017 (H.R. 2299), an effort that will modernize U.S. currency in order to save American taxpayers at least $16 billion. Rep. […]

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Ancient Coin Collectors Guild Continues Fight Against Coin Seizure

By Hubert Walker for CoinWeek…. Until the early years of the 21st century, it was relatively easy and completely legal for an American collector to import ancient coins from most other countries. But in recent years there has been a definite trend toward ever-increasing restrictions on such activities. The Ancient Coin Collectors Guild (ACCG) was […]

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Gold & Silver PAC September 2017 e-Newsletter

By Scott Barman for the Gold & Silver PAC ….. Gold & Silver News From the Political Coordinator Hurricane Harvey has devastated southeast Texas. While Houston is getting most of the media coverage since it is the nation’s fourth largest city, the area of impact starts in the Corpus Christi area extending north of Galveston to […]

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CoinWeek News Wire for July 21, 2017: The Hobby Under Fire, Endangered Cash, & Coin Crime

By Coinweek …. CoinWeek News Wire for July 14, 2017:  The War on Cash 2: This Time It’s Personal 1.) ‘CASH ESSENTIAL TO PERSONAL FREEDOM’ – EUROPEANS PUSH BACK The biggest cited concern for respondents was the threat the cash restrictions would pose to privacy and personal anonymity. A total of 87% of respondents viewed […]

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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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The U.S. Government Confiscates Ten Multi-Million Dollar Coins

Opinion by Dr. Richard S. Appel…Unique Rare Coins Mystery, intrigue and a see-saw legal battle has surrounded ten 1933 St. Gaudens $20 gold coins since their discovery in a family safe deposit box in 2002. The box originally belonged to Israel Switt, a long-time Philadelphia jeweler and coin dealer. He died in 1990, and his […]

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One Way or Another: New Legislation Seeks to Change America’s Circulating Coinage

Two recent Republican bills aim to save taxpayers money By Hubert Walker for CoinWeek …. Two new pieces of legislation have been introduced (in one instance, reintroduced) to Congress that seek to alter the landscape of our nation’s circulating coinage. COINS Act of 2017 Republican Senators John McCain (AZ) and Michael Enzi (WY) introduced the […]

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CoinWeek Podcast #66: Does the Dollar Coin Have a Future? – Audio

CoinWeek Podcast #66: Does the Dollar Coin Have a Future? – Audio Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. This Week on the CoinWeek Podcast, I talk to Aaron Klein and Shawn Smeallie from the Dollar Coin Alliance. Smeallie is the Executive Director […]

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Cultural Property Overreach Encroaches on Collectors’ Rights

By Wayne Sayles – Ancient Coin Collecting …. Cultural Heritage Lawyer Rick St. Hilaire, an apologist for cultural property nationalists and a critic of private ownership and trade in cultural property, has posted on his blog a quite lucid history of the Ancient Coin Collectors Guild (ACCG) experiences in District and Appellate Court over the […]

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Supreme Court Refuses to Hear Langbord-Switt 1933 Double Eagles Case

By CoinWeek News Staff …. It may have been Neil Gorsuch’s first day on the bench, but the real news Monday, April 17 (at least for coin collectors) is that the United States Supreme Court declined to hear the Langbord family’s appeal as they attempted to recover 10 1933 double eagle $20 gold coins seized […]

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Supreme Court Refuses to Hear Langbord-Switt 1933 Double Eagles Case

By CoinWeek News Staff ….   It may have been Neil Gorsuch’s first day on the bench, but the real news Monday, April 17 (at least for coin collectors) is that the United States Supreme Court declined to hear the Langbord family’s appeal as they attempted to recover 10 1933 double eagle $20 gold coins […]

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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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CoinWeek News Wire for April 14, 2017

By Coinweek …. CoinWeek News Wire for April 7 2017 Brain Food 1.) Test How Much You Know About Bitcoin As the world’s monetary systems teetered on the edge in late 2008, some computer whizzes sought a digital solution. As Lehman Brothers lay dying, a math-based, completely digital means of exchange known as bitcoin was […]

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CoinWeek News Wire for April 14, 2017

By Coinweek ….   CoinWeek News Wire for April 14 2017 Brain Food 1.) Test How Much You Know About Bitcoin As the world’s monetary systems teetered on the edge in late 2008, some computer whizzes sought a digital solution. As Lehman Brothers lay dying, a math-based, completely digital means of exchange known as bitcoin […]

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Gold & Silver PAC March 2017 e-Newsletter: Tax Edition

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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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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Gold & Silver PAC February 2017 e-Newsletter

By Scott Barman for the Gold & Silver PAC ….. From the Political Coordinator As I was sitting down to talk with an old friend over coffee, he turns to me and says, “I think frankly when it comes to chaos you ain’t seen nothing yet.” This Washington veteran, who began his career as an intern […]

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CoinWeek News Wire for November 25, 2016

By Coinweek …. CoinWeek News Wire for November 25, 2016 Brain Food 1.) Q&A: Erik Goldstein Erik J. Goldstein is the senior curator of mechanical arts and numismatics at the Colonial Williamsburg Foundation and has been in this position since 2002. A student of military history and numismatics, he has lectured widely and instructs a three-year […]

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Trump Quarters Show up in Change Days Before 2016 Election

By CoinWeek News Staff …. People in a handful of cities across the United States have noticed something unusual about the change in their pockets. Quarters that feature the Republican Presidential nominee Donald J. Trump on the obverse have been found in San Francisco, Los Angeles, Amarillo, Texas and New York City. Above his effigy […]

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US Mint News – Request for Comments on Coin Exchange Program

For many years, the United States Mint has administered a program by which people and businesses could exchange bent and partial coins (commonly referred to as “mutilated coins”) for reimbursement. Bent coins are defined as U.S. coins which are bent or deformed so as to preclude normal machine counting but which are readily and clearly […]

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Gold & Silver PAC October 2016 e-Newsletter

By Scott Barman for the Gold & Silver Political Action Committee ….. From the Political Coordinator Every four years we elect a president and vice president. By definition, elections are politically motivated exercises and candidates look to convince you to elect them and not their opponent. I used an opportunity to have a discussion about […]

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The Real Diehl: The Inside Story of the Sacagawea Dollar

The Real Diehl is a select column by former United States Mint Director Philip N. Diehl, exclusively for CoinWeek ……….. This series of articles will give readers an insider’s view of how Washington, DC, works (and doesn’t work) from my perspective as director of the U.S. Mint. The complete story of how the Sacagawea dollar (aka, the Golden dollar) […]

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Bullion & Precious Metals News – ICTA Names New Officers

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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Gold & Silver PAC August 2016 e-Newsletter

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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Appeals Court Rules for U.S. Gov’t in Langbord 1933 Double Eagle Fight

By CoinWeek News Staff ….   Exactly one year after the Philadelphia United States Attorney’s Office filed a petition with the Third Circuit Court of Appeals on behalf of the U.S. Government to rehear the case of Langbord et al v. U.S. Department of Treasury et al (Case No. 12-4574), the en banc court issued […]

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Wealthy Max Presents Motion to Dismiss in Civil Forfeiture Case

By Wealthy Max Ltd …..   The Wealthy Max Limited legal defense team from GeyerGorey LLP, represented by Robert Connolly, presented the arguments behind its motion to dismiss the civil forfeiture case brought by the US Attorney for the District of New Jersey. The hearing was held in the courtroom of Judge Juan R. Sanchez, […]

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Gold & Silver PAC July 2016 e-Newsletter

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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U.S. Mint News – United States Extends Suspension of Coin Exchange Program

Under the authority of 31 U.S.C. 5120, the United States Mint established a program by which people and businesses could exchange bent and partial coins for reimbursement. Fused or mixed coins cannot be redeemed by the United States Mint. On November 2, 2015, the United States Mint suspended the exchange program for a period of […]

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Wealthy Max Ltd – FormerFeds Group Issues Mutilated Coin Redemption Program White Paper

Recommends U.S. Mint Require Tougher Compliance Program for Coin Redeemers By FormerFeds Group, LLC ……. The FormerFeds Group, LLC today announced the release of its White Paper on the U.S. Mint’s Mutilated Coin Redemption Program including recommendations to improve coin redemption procedures. This program was suspended by the Department of the Treasury in November 2015 […]

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Wealthy Max Opens Up to Redeem Name

By Joshua McMorrow-Hernandez for Coinweek ……. Recycling firm Wealthy Max Ltd is hoping to save face with a transparency program following a controversy that spelled massive fines and civil proceedings for the company, which has links to China. The firm, which submitted tons of coins to the United States Mint’s Mutilated Coin Redemption Program, has […]

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Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 3

By Ron Drzewucki – www.moderncoinwholesale.com…..   Link to Part 1 | Part 2 In the U.S., sales tax is levied on a state and local level, so there is no one rule that fits all precious metal purchases. The complications wrought by conflict between the tax laws applying to the buyer versus the tax code […]

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CoinWeek’s Weekly News Roundup – March 4, 2016

By Coinweek …. Here is a recap of some of the interesting, offbeat and other news items CoinWeek has come across this week. Brain Food 1.) The Evolution of Money Alex Hernandez, tech writer and founder of smartphone and computer technology site Techaeris.com, writes a brief introduction to the history of money and monetary payment […]

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Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 2

By Ron Drzewucki – www.moderncoinwholesale.com….. In the U.S., sales tax is levied on a state and local level, so there is no one rule that fits all precious metal purchases. The complications wrought by conflict between the tax laws applying to the buyer versus the tax code applicable in the dealer’s location is inefficient and […]

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Tips for Buyers of Ancient Coins

By Wayne Sayles – Ancient Coin Collecting….   Some ACCG (Ancient Coin Collectors Guild) members have asked what they can do to assure that the purchases they make are legal. One might theoretically ask the same question about many objects or substances that are traded domestically and internationally. The ACCG web site offers a few […]

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U.S. Mint May Now Change Coin Silver Composition Thanks to New Law

By CoinWeek News Staff…. Tucked away in a bill ostensibly about maintaining and improving America’s transportation infrastructure is text amending Title 31 of the United States Code (subsections of §§ 5112 and 5132) to allow the U.S. Mint to alter the composition of some of its silver coinage. Until the DRIVE (“Developing a Reliable and […]

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Heritage Auctions Joins Petition vs. ‘Onerous’ Proposed German Law

Legislation seen as negatively impacting German coins and collectibles business by requiring undue burden of provenance on dealers Heritage Auctions has announced its support for an online petition aimed at stopping a controversial new German law instituting an export license on German cultural objects – which could include coins, art and a variety of other […]

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National Money Show Host Cities, More Discussed at ANA Board Meeting

Site selection for the 2018 and 2019 National Money Shows was the major topic of discussion by the American Numismatic Association’s (ANA) newly inducted Board of Governors at its regular meeting on Saturday, August 15, at the Chicago World’s Fair of Money held at the Donald E. Stephens Convention Center. Potential host cities for the […]

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Third Circuit Asked to Rehear Case Involving Langbord 1933 Double Eagles

By CoinWeek News Staff….   On Wednesday, July 1, the United States Attorney’s Office in Philadelphia filed a petition with the Third Circuit Court of Appeals on behalf of the U.S. Federal Government, seeking a rehearing in the case of Langbord et al v. U.S. Department of Treasury et al (Case No. 12-4574). A three-judge […]

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Federal Judge Rules Against Government in 1974-D Aluminum Cent Case

by CoinWeek Staff… It looks like Heritage might get to auction that unique 1974-D aluminum cent after all… Intended to be one of the highlights of Heritage Auctions’ 2014 Central States Numismatic Society Convention Sale, a 1974-D aluminum cent pattern once belonging to an assistant superintendent at the Denver Mint, has been tied up in […]

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The Coin Analyst: Federal Judge Rules Against Government in 1974-D Aluminum Cent Case

The Coin Analyst by CoinWeek… It looks like Heritage might get to auction that unique 1974-D aluminum cent after all… Intended to be one of the highlights of Heritage Auctions’ 2014 Central States Numismatic Society Convention Sale, a 1974-D aluminum cent pattern once belonging to an assistant superintendent at the Denver Mint, has been tied […]

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Coins and the Law : Media rush to judgement challenged

By Wayne Sayles – Ancient Coin Collecting Blog ……….. Editors Note: It is shocking how ignorant and misinformed the media is when it comes to issues surrounding Coins and numismatics, and even more troubling when politics and special interest agendas come into play. CoinWeek’s good friend and the hobbies most recognized expert and skillful writer, […]

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Coins and the Law – On Second Thought—a chance for rule of law?

By Wayne Sayles – Ancient Coin Collecting Blog ……….. The SAFE endorsement of Britain’s Article 11c of Council Regulation (EU) No 36/2012 at first blush might seem lacking in forethought. Here we have major cultural sites being demolished wholesale by civil war in Syria and Britain responds by prohibiting import, export and transfer of Syrian […]

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CoinWeek Q&A with Former Congressman Mike Castle

by Charles Morgan for CoinWeek…. Congressman Mike Castle served as governor of the state of Delaware from 1985 to 1992 and served almost eighteen years (1993-2011) as a member of the United States House of Representatives from Delaware’s at-large district*. While in Congress, Castle was the head of the United States House Financial Services Subcommittee […]

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As Legal Issues Mount, Merit Gold Customers Seek Relief

By Charles Morgan and Hubert Walker for CoinWeek… In CoinWeek’s initial report on Merit Gold and Silver, we wrote that the Santa Monica City’s Attorney’s Office had filed a complaint against the firm, alleging that Merit had “engaged in an aggressive, nationwide fraud scheme that… bilked customers out of tens of millions of dollars”, and […]

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Precious Metals Prices Will Be More Volatile Beginning October 1

Commentary on Precious Metals Prepared for CoinWeek.com By Patrick A. Heller Precious Metals Prices are going to get more volatile starting October 1. The CME Group (NASDAQ: CME), which owns the COMEX, NYMEX, GLOBEX, and other commodity exchanges, has announced new margin rules on leveraged accounts to take effect that date in order to comply with […]

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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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How New Minnesota Coin Dealer Registration Law Affects Dealers in Other States. VIDEO: 3:37

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 […]

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ICTA Launches New Website to Enhance User Experience

The Industry Council for Tangible Assets launched today a new website at ictaonline.org. The website’s updated design is great-looking and is full of new improvements including intuitive navigation with a more standardized menu structure, simplified organization, and refreshed content to make the website more user- friendly and encourage user interaction. The website’s new features include: […]

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Daily Record: Five years on, test case on coins tries USAO’s patience

By Wayne Sayles – Ancient Coin Collecting Blog ……….. The Daily Record, a news service for Maryland based business and legal professions, ran an interesting report about the Ancient Coin Collectors Guild forfeiture case in its July 13, 2014 issue.  This test case is described in numerous news items at the guild website.  The Daily […]

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Commemorative Coin Stories: 1982 George Washington Half Dollar

By David Provost for CoinWeek….. Author’s note: My intention for this series of “stories” is to present lesser known information about the US commemorative coins series derived from my original research in the records of Congress and/or the reports and correspondence of the individual coin sponsors. The information presented will not simply be a reworking […]

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The Real Diehl: The Inside Story of the Sacagawea Dollar

The Real Diehl is a weekly column by former United States Mint Director Philip N. Diehl, exclusively for CoinWeek ……….. This is the second in a series of articles in which I give readers an insider’s view of how Washington, DC, works (and doesn’t work) from my perspective as director of the U.S. Mint. The complete story of how […]

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