ICTA – Legislation and Taxes

Collectible Coin Protection Act Unanimously Passed

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 […]

By December 17, 2014 0 Comments Read More →
A Golden Anniversary: Four Decades of the Right to Choose Metal over Paper

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 […]

By November 25, 2014 0 Comments Read More →
Hobby Protection and Marketplace Fairness Act Legislative Updates. VIDEO: 9:21.

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. Copyright © CoinWeek […]

By August 7, 2014 0 Comments Read More →
How New Minnesota Coin Dealer Registration Law Affects Dealers in Other States. VIDEO: 3:37

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 […]

By July 24, 2014 0 Comments Read More →
ICTA Victory: Oklahoma Bullion Law makes Coins and Bullion Sales Tax Exempt – Video

ICTA Victory: Oklahoma Bullion Law makes Coins and Bullion Sales Tax Exempt – Video

Industry Council for Tangible Assets helps secure victory for precious metal investors in the Sooner State…. On June 4, 2014, Oklahoma Governor Mary Fallin signed SB 862 providing a sales- tax exemption for “sales of gold, silver, platinum, palladium or other bullion items such as coins and bars,” and removing the qualification that these products […]

Nebraska Passes Sales Tax Exemption for Coins and Bullion

Nebraska Passes Sales Tax Exemption for Coins and Bullion

ICTA Member Deb Evans-Olson Leads Effort Nebraska is the 31st state to pass a sales tax exemption on rare coins and precious metals product. Governor Heineman signed LB 867  on April 2, which immediately became law upon his signing. The portion of the bill relevant to our industry is Section 14: Sales and use taxes […]

By April 7, 2014 1 Comments Read More →
Industry Council for Tangible Assets (ICTA) Announces New Logo

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 […]

By April 3, 2014 0 Comments Read More →
Industry Council for Tangible Assets [ICTA] Installs New Officers

Industry Council for Tangible Assets [ICTA] Installs New Officers

Annapolis, MD—Harry Miller, of Miller’s Mint, was installed as the new chairman of the Industry Council for Tangible Assets at their board meeting on January 8 in Orlando. Miller founded Miller’s Mint in May of 1967. Besides being active in ICTA, he is a member of the American Numismatic Association, Florida United Numismatists, American Stamp […]

By January 31, 2014 0 Comments Read More →
ICTA Chairman Talks about New Leadership Team and it’s Ambitious Business Agenda

ICTA Chairman Talks about New Leadership Team and it’s Ambitious Business Agenda

Harry Miller, Chairman, Industry Council for Tangible Assets Interviewer: David Lisot, CoinWeek…….. Harry Miller was recently elected Chairman of ICTA. He was instrumental in ICTA hiring Kathy McFadden as new executive director to replace Eloise Ullman who was retiring from the position. In addition David Crenshaw was brought on the team to function as chief […]

By January 16, 2014 0 Comments Read More →
Industry Council for Tangible Assets Selects New Executive Director. VIDEO: 2:26

Industry Council for Tangible Assets Selects New Executive Director. VIDEO: 2:26

Kathy McFadden, Executive, ICTA Interviewer: David Lisot, CoinWeek.com ……. ICTA is the lobbying organization representing the numismatic and precious metals industry in Washington, D.C. A special selection committee recently chose a new Executive Director for the group to replace retiring former ED Eloise Ullman. Meet Kathy McFadden as she shares her background and why she […]

By November 26, 2013 0 Comments Read More →
ICTA Announces David Crenshaw As New Chief Operating Officer

ICTA Announces David Crenshaw As New Chief Operating Officer

Newly created position to bring advance technology to ICTA. The Industry Council for Tangible Assets is expanding its leadership team. Effective Dec. 1, David Crenshaw will become the numismatic industry group’s Chief Operating Officer, a newly created position that will work closely with Executive Director Kathy McFadden, who was hired Oct. 1 and became executive […]

By November 25, 2013 0 Comments Read More →
The Free Competition in Currency Act: Member Of Congress Does Not Understand Economics And US Monetary History

The Free Competition in Currency Act: Member Of Congress Does Not Understand Economics And US Monetary History

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Last week, a customer of mine forwarded to me the text of a letter he received from the US House of Representatives member for his district.  The August 28 letter was in response to our customer’s request that this Representative support H.R. 77, the […]

The Panama Canal and Pan-Pacific International Exposition  Centennial Act Commemorative Coins Program

The Panama Canal and Pan-Pacific International Exposition Centennial Act Commemorative Coins Program

Democratic Leader Nancy Pelosi introduced legislation in the U.S. House of Representatives on Friday to create an exciting new commemorative coins program to celebrate the centennial of the Panama-Pacific International Exposition, and the engineering feat that created the Panama Canal a century earlier.  Joining Ms. Pelosi in supporting the Panama Canal and Pan-Pacific Exhibition Centennial […]

Potential Legislation to Negatively Affect the Numismatic Industry. VIDEO: 2:48

Potential Legislation to Negatively Affect the Numismatic Industry. VIDEO: 2:48

Gary Adkins, President, Adkins & Associates, Minnesota Coin Dealer Interviewer: David Lisot…….. A piece of potential legislation in Minnesota may have a chilling effect of coin businesses located in that state. Local dealer Gary Adkins also believes that if this law is passed in his state it could become a template for other legislation that […]

Eloise Ullman Has Announced her Retirement from The Industry Council for Tangible Assets (ICTA)

Eloise Ullman Has Announced her Retirement from The Industry Council for Tangible Assets (ICTA)

The search begins at The Industry Council for Tangible Assets. After 23 years of distinguished service, Eloise Ullman has announced her retirement as executive director of the Industry Council for Tangible Assets, effective later this year. The officers of the tangible asset/numismatic industry’s national trade association launched an immediate search May 9 for a successor. […]

ICTA Legislative Update 2013 March. VIDEO 3:44

ICTA Legislative Update 2013 March. VIDEO 3:44

Eloise Ullman, Executive Director, Industry Council for Tangible Assets ……. Interviewer: David Lisot ICTA is the watchdog in Washington, D.C. for the numismatic business regarding laws affecting the industry. Legislation is monitored and reported to the ICTA membership and then selectively lobbied to allow favorable terms for the precious metals trade. According to ICTA as […]

By March 18, 2013 0 Comments Read More →
The Coin Analyst: Overview of House Hearing on The Future of Money: Dollars and Sense

The Coin Analyst: Overview of House Hearing on The Future of Money: Dollars and Sense

by Louis Golino for CoinWeek …… On November 29 the Domestic Monetary Policy Subcommittee of the House Committee on Financial Services, which is headed by outgoing Chairman Ron Paul, held a hearing on “The Future of Money: Dollars and Sense” that examined in detail the issues surrounding the replacement of paper dollars with coins and […]

By November 30, 2012 9 Comments Read More →
The Commemorative Coins of the 112th Congress

The Commemorative Coins of the 112th Congress

By Charles Morgan and Hubert Walker  for CoinWeek  ……. With so many important issues facing the country, it’s almost a tad impolitic to analyze and discuss Congressional proposals for commemorative coinage. But Hubert and I look back at another period in American numismatic history – the “great commemorative coin boom” of the 1930s – and […]

The Coin Analyst: New Legislation Aims to Change U.S. Commemorative Coin Program

The Coin Analyst: New Legislation Aims to Change U.S. Commemorative Coin Program

by Louis Golino for CoinWeek …… On September 21 legislation was introduced by Republican members of congress that could have a major impact on U.S. commemorative coin programs. If passed and ultimately enacted into law, such legislation would require that any funds raised by such coins beyond the cost to recoup production expenses would go […]

By September 28, 2012 9 Comments Read More →
Legislative Update on HR5977 at ANA Philadelphia 2012

Legislative Update on HR5977 at ANA Philadelphia 2012

Barry Stuppler, Chairman, Gold and Silver Political Action Committee Interviewer: David Lisot. The effort to pass legislation to increase protection for consumers from counterfeit coins continues. Leading the charge is the Gold and Silver PAC headed by numismatist and coin dealer Barry Stuppler. Barry shares recent developments including the nonpartisan nature of this bill along […]

By August 22, 2012 0 Comments Read More →
Legislation Introduced to Create the 2015 Panama-Pacific International Exposition and Panama Canal Commemorative Coins Program

Legislation Introduced to Create the 2015 Panama-Pacific International Exposition and Panama Canal Commemorative Coins Program

(Tiburon, CA – August 8, 2012) – Last week, legislation was introduced in both the United States Senate and House of Representatives to create an exciting new commemorative coins program to celebrate the centennial of the Panama-Pacific International Exposition, and the engineering feat that created the Panama Canal a century earlier. The Panama-Pacific International Exposition […]

By August 9, 2012 1 Comments Read More →
PCGS Implores Congress to Fight Imports and Sales of Counterfeit Coins

PCGS Implores Congress to Fight Imports and Sales of Counterfeit Coins

(Washington, DC) – Executives of the Professional Coin Grading Service (www.PCGS.com) warn that the problems of Chinese-made counterfeits of rare coins are getting worse and could soon expand to include fakes of rare bank notes imported into the United States.  In personal meetings and messages conveyed to influential members of Congress in Washington, DC on […]

By June 28, 2012 0 Comments Read More →
Congressional Inaction, Not Inflation, Is to Blame for the Diminishing Role of U.S. Coinage

Congressional Inaction, Not Inflation, Is to Blame for the Diminishing Role of U.S. Coinage

By Charles Morgan with Hubert Walker Coinweek Contributor On February 21, 1857, the United States Congress passed An Act relating to Foreign Coins and to the Coinage of Cents at the Mint of the United States. The Act set the rate at which foreign coins would be accepted by the Treasury, ended the Treasury’s practice […]

Maryland Governor Proposes Sales Tax Exemption Repeal

Maryland Governor Proposes Sales Tax Exemption Repeal

Last year the numismatic community stood united in helping defeat House Bill 206 in the Maryland General Assembly, which would have repealed the Sales Tax Exemption for Precious Metal Bullion and Coins. We are grateful for the way the coin community came together to help defeat the bill and save jobs and economic opportunity in […]

Coin Analyst Special Report: Congress May End Dollar Coin Program

Coin Analyst Special Report: Congress May End Dollar Coin Program

By Louis Golino for Coin Week Major print and broadcast media seldom focus on coins. But in the past two weeks the news media has devoted considerable attention to an issue that coin collectors are well aware of, namely, the oversupply of $1 coins. This includes both the presidential dollar coins created through a 2005 […]

President Obama Signs 1099 Repeal

President Obama Signs 1099 Repeal

President Obama late Thursday signed into law legislation repealing the 1099 reporting provision enacted as part of the healthcare reform bill. Several insurance industry trade groups issued statements lauding the president’s decision. The bill is H.R. 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011.” The repealed provision would […]

By April 25, 2011 0 Comments Read More →
Video News: Legislation Affecting the Numismatic Industry

Video News: Legislation Affecting the Numismatic Industry

Eloise Ullman, Executive Director of ICTA (INDUSTRY COUNCIL FOR TANGIBLE ASSETS) discusses legislative efforts important to the numismatic industry, including Chinese Counterfeits. ICTA is the national trade association for all who have an interest in precious metals, rare coins, US and foreign currency, and other numismatic and tangible assets. ICTA works to prevent laws and […]

By April 18, 2011 0 Comments Read More →
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