Tag Archives: industry council for tangible assets

West Virginia to end sales taxation on gold and silver

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. On March 27, … Continue reading

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Dealer paperwork burdens are soaring

The U.S. Supreme Court decision last June in South Dakota v. Wayfair has unleashed a growing number of new paperwork requirements on all businesses, including everyone who engages in the wholesale and retail sales of coins and precious metals. Unfortunately, … Continue reading

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ICTA honors Darby for service

Alabama coin dealers who spearheaded the effort to win a sales tax exemption in Alabama were recognized Jan. 9 in Orlando, Fla., by the Industry Council for Tangible Assets. Phil Darby of J&P Coins and Currency, Helena, Ala., and Steve … Continue reading

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Will online sales tax hit you?

Dealers and collectors who attended the huge Florida United Numismatists show in Orlando last week had the opportunity to learn more about the coming impact to numismatics and precious metals from the actions of the states and federal government resulting … Continue reading

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PNG leads fight against counterfeits

When the going gets tough, the Professional Numismatists Guild steps up and gets going. It has taken over a foundation to fight counterfeits flooding into the United States. When the Industry Council For Tangible Assets gave up the Anti-Counterfeiting Task … Continue reading

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PNG takes leadership in fight against fakes

When the going gets tough, the Professional Numismatists Guild steps up and gets going. It has taken over a foundation to fight counterfeits flooding into the United States. When the Industry Council For Tangible Assets gave up the Anti-Counterfeiting Task … Continue reading

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Fake fight moves from ICTA to foundation

Organized numismatics’ Anti-Counterfeiting Task Force has been transferred from the Industry Council for Tangible Assets to the Anti-Counterfeiting Educational Foundation. This change was effective Nov. 15. Retired Coin World editor Beth Deisher will continue to serve as director of anti-counterfeiting. She … Continue reading

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Fight against counterfeits gets new structure

Organized numismatics’ Anti-Counterfeiting Task Force has been transferred from the Industry Council for Tangible Assets to the Anti-Counterfeiting Educational Foundation. This change was effective Nov. 15. Retired Coin World editor Beth Deisher will continue to serve as director of anti-counterfeiting. She … Continue reading

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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, … Continue reading

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ICTA Warns Dealers to Have AML Plan in Place

Are American coin dealers’ anti-money laundering plans written and up to snuff? They had better be, according to a new warning issued Feb. 21 by the Industry Council for Tangible Assets. Dealers risk immediate closure of their bank accounts if they are not. Continue reading

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