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 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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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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By Patrick A. Heller
Liberty depicted on the obverse of a 1795 copper “chain” cent. (Images courtesy U
As I write this about noon on Nov. 4, Americans have completed casting ballots in yesterday’s elections. But the result of who was elected president is not officially settled
An 1837-42 Bechtler quarter eagle. (Image courtesy Heritage Auctions, HA.com)
In 1829, Christopher Bechtler and his son August left Baden, Germany, and emigrated to Philadelphia, where they opened a business as a goldsmith and watchmaker
The U.S. Mint has issued some “Instant Rarities” over the years in the U
The proof silver American Eagle is among the products that saw price hikes from the U.S. Mint in response to the increase in silver value
(Photo by Gareth Fuller/PA Images via Getty Images)
On Oct. 2 it was reported that the Great Britain-based stores of major retailer Costco Wholesale have started selling physical gold and silver bars to their customers.
Should this company, or any other large retail chain, begin offering such products in their American stores, what would be the likely impact on the supply and demand and, therefore, prices of physical gold and silver?
In Europe, many banks sell and deliver physical precious metals to their walk-in customers
It was my honor to be recognized in January 2020 by the Florida United Numismatists (FUN) as one of this year’s “Numismatic Ambassadors.” This is an annual award begun in 1974 by Cliff Mishler of Krause Publications (former publisher of Numismatic News) to recognize both heroes at the grassroots level of coin collecting along with nationally known numismatists. FUN took over the program in 2015
America’s two main political parties have set new records in 2020 of higher government spending and taking on new debt. However, this multi-trillion-dollar spending surge may stall, or even reverse, once we pass the Nov. 3 election day
I doubt that many—if any—coin dealers know the answers to all of the following questions.
Can you name the U.S
Although I work buying and selling physical precious metals, many of our customers also own shares of precious metals mining companies. They sometimes ask my opinion on owning mining shares in general or about specific mining companies.
I owned shares of a South African gold mine for some years in the 1970s, but have not since
A common question we hear from people contemplating a first-time purchase of physical gold and silver, once they realize there are multiple coin and ingot options, is which forms we would recommend.
There are a number of factors that can influence what would be the best answer for each buyer’s circumstances. Among those factors is: 1) whether the item is legal tender, 2) pure metal or alloy, 3) exact even troy or gram weights (or not), 4) coins versus ingots, 5) liquidity, 6) divisibility, 7) lower premium to metal value, 8) country of origin, 9) ease of storage, and 10) government regulation considerations
By Patrick Heller
What might be considered a sneaky way to promote new coin collectors can occur if coins and paper money are given away for business promotion purposes.
Two such promotions might be most familiar to the general public. In late 1999, to help the U
By Patrick A. Heller
Beginning in 1974, the auditors of the U.S
By Patrick A. Heller
The U.S
by Patrick Heller
Passing fads eventually fizzle out. Remember Pet Rocks or Beanie Babies from a few decades ago? Well, numismatics fads also happen, eventually peak, then fizzle out in value.
Here are three examples from the 1960s
Most market observers are aware that China is the world’s largest gold-consuming nation. However, a different way of judging the relative strength of gold demand in a country is to express it as a percentage of Gross Domestic Product (GDP).
Such a ranking will tend to highly rank nations with lower levels of wealth or wealthy countries with low populations
Last week Thursday into Friday morning, the U.S. Mint conducted its fourth Numismatic Forum
One result of the U.S. Supreme Court’s decision in South Dakota v
Gold and silver commodity futures contracts are traded on exchanges around the world. The largest market is in London, England, but two other major exchanges are the New York COMEX and the Shanghai Gold Exchange SGE).
Some other lower volume exchanges are traded in Chicago, Sydney, Tokyo, and Zurich, Switzerland
1921 Morgan Dollar. Image courtesy of Heritage Auctions
By now, I assume that most readers are aware of H.R
I get asked a lot of great questions. Recently, a customer asked why the U.S
Photo by Joe Mabel ex. Wikimedia Commons. https://creativecommons
In July 1944, close to the end of World War Two, delegates from 44 allied nations gathered in Bretton Woods, New Hampshire to recreate an international financial system and establish regulations for it. Two entities were founded in this meeting—the International Monetary Fund (IMF) and International Bank for Reconstruction and Development (IRBD). After this meeting, the General Agreement on Tariffs and Trade (GATT) was later established
A number of so-called financial experts are pretending to know why the price of gold is now up 17% and silver 15% since the end of April. Most of them don’t have a clue.
True, the price of gold can be impacted by news events such as the announcement Wednesday last week by the Federal Open Market Committee that it would lower the federal funds interest rate by
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
John Glenn signed $2 bill. (Image courtesy of Heritage Auctions)
The United States government currently produces $1 and $2 Federal Reserve Notes. In the previous decade, it was issuing $1 coins for circulation
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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Liberty Coin Service will reward the first five people who bring in one of the new “W” mintmarked 2019 Lowell National Historical Park Quarters by giving each of them a brand new 2019 US 1 Ounce Silver Eagle Dollar. These quarters are the first in American history to bear the W mintmark that indicates they […]
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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 …… 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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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
Complete List of Winners By Numismatic Literary Guild (NLG) …… BOOK OF THE YEAR The work having the greatest potential impact on numismatics – 1792: Birth of a Nation’s Coinage, by Pete Smith, Joel Orosz and Leonard Augsburger BEST SPECIALIZED BOOK United States Coins (tie) – The $2½ and $5 Gold Indians of Bela […]
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By Industry Council for Tangible Assets ….. On Tuesday, July 25, 2017, North Carolina governor Roy Cooper signed into law House Bill 434: Coins/Currency/Bullion Sales Tax Exemption. The law is a complete sales-and-use tax exemption on coins, currency, and precious-metals bullion sales. “The bill’s author, Representative Dana Bumgardner, coauthors Representative Jeff Collins, Representative Mark Brody, […]
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It’s hard to believe that the end is upon us… the end of 2016, that is. With the better part of the calendar year behind us, the editors of CoinWeek felt that it was time to take a look back at a banner year for CoinWeek’s video team. In 2016, CoinWeek fully committed itself to producing […]
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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 Coinweek …. Welcome to the latest edition of CoinWeek’s Weekly Coin and Currency News Roundup. In this series we recap some of the cool, interesting, offbeat, ludicrous and maybe even disturbing news items that we’ve read over the past week. Brain Food 1.) The Iron Bank Will Have Its Due No, that’s not […]
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by Pat Heller – Liberty Coin Service Last Wednesday, the Federal Open Market Committee (FOMC) ended its latest regularly-scheduled two-day meeting. While the rest of the world waited breathlessly to hear what the concluding announcement would say, my media pronouncement the day before accurately explained what the statement would contain. In the announcement, the Committee […]
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By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com …….. In the previous two weeks, the US Treasury has been forced to pay out a net of $65 billion to cover US dollars and US Treasury Debt being repatriated. Some amount of this is almost certainly 1) in retaliation by the Russian and […]