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...
View ArticleGold & Precious Metals News: Ohio Budget Kills Sales-Tax Exemption for...
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...
View ArticleICTA 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...
View ArticleICTA 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...
View Article“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...
View ArticleICTA Announces New Executive Director
On Tuesday, December 8, the Industry Council for Tangible Assets (ICTA) announced that Jimmy Hayes will step down as executive director at the end of the year, and its board of directors has appointed...
View ArticleWashington State Coin Dealer Dan Duncan Receives ICTA Service Award
The Industry Council for Tangible Assets (ICTA) dealer-member Dan Duncan (Pinnacle Rarities in Olympia, Washington) has received the association’s 2020 Diane Piret Memorial Outstanding Service Award...
View ArticleArkansas Governor Hutchinson Signs Bill Providing Sales Tax Exemption for...
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,...
View ArticleCoin and Bullion Dealers, Tell Congress to Support Changes to AML Act of 2020
By Industry Council for Tangible Assets …… The Anti-Money Laundering Act of 2020 became law on January 1, 2021, and Congress is currently developing many specific regulations related to the act....
View ArticleNCBA Seeks Dealer Data to Help Combat State Efforts Against Bullion Sales Tax...
The National Coin & Bullion Association (NCBA) is fighting to preserve sales-tax exemptions on coins, paper money, and precious-metals bullion in 39 states, and we are also working to gain such an...
View ArticleOhio Budget Bill Reinstates Investment Bullion and Coin Sales Tax Exemption
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...
View ArticleCoin Dealers: Protect Your Business From State Greed
In light of the Supreme Court’s South Dakota v. Wayfair decision, what would it mean for your business to be free of the burden of collecting sales tax on the coins, currency, and precious-metals...
View ArticleNew Concerned Collectors Coalition to Replace NCBA Patron Membership
The National Coin & Bullion Association (NCBA) is replacing our Consumer Patron-level membership with a new, free membership dedicated to collectors. The Concerned Collectors Coalition is...
View ArticlePrecious Metals Service Awards Given to Arkansas, Ohio Coin Dealers
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...
View ArticleVirginia Bullion Sales-Tax Exemption Extended and Threshold Removed
By National Coin & Bullion Association (NCBA) …… On March 2, Virginia governor Glenn Youngkin signed House Bill 3, which extends the sunset date for the sales-tax exemption on gold, silver, and...
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