Tag: Coins and the law

Wealthy Max Presents Motion to Dismiss in Civil Forfeiture Case

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, […]

By July 19, 2016 0 Comments Read More →
Gold & Silver PAC July 2016 e-Newsletter

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 […]

By July 11, 2016 0 Comments Read More →
Ohio Governor Kasich Signs Sales Tax Exemption Legislation

Ohio Governor Kasich Signs Sales Tax Exemption Legislation

OPMA-Led State Effort Pays Off After Three Years By Industry Council for Tangible Assets …..   On June 14, 2016, Ohio governor John Kasich signed into law SB 172, which provides for a sales-tax exemption on rare coins and precious-metals bullion. The new law will take effect on January 1, 2017. Ohio becomes the 34th […]

By June 20, 2016 0 Comments Read More →
Gov. Kasich Signs Bill Resuming Ohio Coin, Bullion Sales Tax Exemption

Gov. Kasich Signs Bill Resuming Ohio Coin, Bullion Sales Tax Exemption

By CoinWeek News Staff ….   On Tuesday, June 14, former Republican Party presidential hopeful and current governor of Ohio John Kasich signed a bill that restores a tax exemption on the sale of precious metal bullion and “investment” coins that was repealed in the wake of the Coingate scandal in 2005. The newly-resurrected exemption […]

By June 16, 2016 0 Comments Read More →
ICTA: Minnesota Law Targeting Coin Dealers Amended

ICTA: Minnesota Law Targeting Coin Dealers Amended

ICTA Led Industry Effort Revises Most Troublesome Aspects of State Law By Industry Council for Tangible Assets ……   Minnesota governor Mark Dayton (D) recently signed the Minnesota SF 3175: Bullion Product Dealers Regulation Authorization, culminating major legislative effort led by the Industry Council for Tangible Assets (ICTA) to reform the most troublesome law for […]

By June 14, 2016 0 Comments Read More →
Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 4

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 4

By Ron Drzewucki – www.moderncoinwholesale.com …..   Links to Part 1 | Part 2 | Part 3 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 […]

Gold & Silver PAC May 2016 e-Newsletter

Gold & Silver PAC May 2016 e-Newsletter

By Scott Barman for the Gold & Silver Political Action Committee …..   From the Political Coordinator This past month, I had the opportunity to visit Capitol Hill. Rather than speaking with the members, staffers, and other policy wonks, I had the opportunity to sit with old friends who work in the agencies that supports […]

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

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 […]

By April 29, 2016 0 Comments Read More →
Wealthy Max Ltd – FormerFeds Group Issues Mutilated Coin Redemption Program White Paper

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 […]

By April 27, 2016 0 Comments Read More →
Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 3

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 […]

Bullion Coins – Tennessee Sales Tax Exemption Legislation Introduced

Bullion Coins – Tennessee Sales Tax Exemption Legislation Introduced

By Industry Council for Tangible Assets ….   The Industry Council for Tangible Assets (ICTA) recently received a very generous donation from member Joey Ashley (Miller’s Coin & Currency, with stores in Pooler, Georgia and Cleveland, Tennessee) to help with an initiative to obtain a sales-tax exemption for precious-metals bullion, rare coins, and paper money […]

By March 23, 2016 0 Comments Read More →
CoinWeek’s Weekly News Roundup – March 4, 2016

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 […]

By March 5, 2016 0 Comments Read More →
Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 2

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

By Ron Drzewucki – www.moderncoinwholesale.com ….   Link to Part 1 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 […]

Tips for Buyers of Ancient Coins

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 […]

By December 31, 2015 1 Comments Read More →
Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 1

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 1

By Ron Drzewucki – www.moderncoinwholesale.com ….   There’s no denying that the internet has changed our world dramatically over the last 20 years. When describing the impact that it’s had on our lives–and not just in the United States but all over the world–socially, economically and culturally, “revolutionary” is not too strong a word. What […]

By December 17, 2015 0 Comments Read More →
U.S. Mint May Now Change Coin Silver Composition Thanks to New Law

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

By Hubert Walker for CoinWeek ….   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 […]

By December 8, 2015 0 Comments Read More →
Wealthy Max Ltd Supports Treasury’s Decision to Suspend Coin Redemption

Wealthy Max Ltd Supports Treasury’s Decision to Suspend Coin Redemption

By GeyerGorey LLP …….   The Wealthy Max Limited (Wealthy Max) legal defense team today announced the company’s agreement with the Department of the Treasury’s decision to temporarily suspend the U.S. Mint’s Mutilated Coins Redemption Program. This move clearly demonstrates that senior officials within the Treasury Department are taking issues related to the Mint’s mutilated […]

By November 11, 2015 0 Comments Read More →
Wealthy Max Ltd Files Motion to Dismiss Civil Forfeiture Case

Wealthy Max Ltd Files Motion to Dismiss Civil Forfeiture Case

By GeyerGorey LLP….   The Wealthy Max Limited legal defense team filed a motion to dismiss the civil forfeiture case brought by the US Attorney for the District of New Jersey. The motion is filed with the US District Court in New Jersey and seeks the immediate release of $2,388,091.18 that the company is owed […]

By October 21, 2015 0 Comments Read More →
Court Rehears Case Involving Langbord 1933 Double Eagles

Court Rehears Case Involving Langbord 1933 Double Eagles

By Hubert Walker for CoinWeek….   On Wednesday, October 14, the two parties in the case of Langbord et al v. U.S. Department of Treasury et al (Case No. 12-4574)–namely, the Federal Government and the Langbord family–appeared before the Third Circuit Court of Appeals in Philadelphia, Pennsylvania. In July of this year, the Philadelphia United […]

By October 15, 2015 0 Comments Read More →
Heritage Auctions Joins Petition vs. ‘Onerous’ Proposed German Law

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 […]

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

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 […]

Eight Years After Seizure, Feds to Return Liberty Dollars to Owners

Eight Years After Seizure, Feds to Return Liberty Dollars to Owners

CoinWeek Staff Reports….   Millions of dollars worth of property seized in 2007 to be returned at some point in the near future… On August 14, 2015, Acting United States Attorney Jill Westmoreland Rose filed a document with the United States District Court for the Western District of North Carolina, Statesville Division, calling for the […]

By August 20, 2015 2 Comments Read More →
Third Circuit Asked to Rehear Case Involving Langbord 1933 Double Eagles

Third Circuit Asked to Rehear Case Involving Langbord 1933 Double Eagles

By Charles Morgan and Hubert Walker for CoinWeek….   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 […]

Ohio House of Representatives Passes Coin Sales Tax Exemption (UPDATE July 6, 2015)

Ohio House of Representatives Passes Coin Sales Tax Exemption (UPDATE July 6, 2015)

By Hubert Walker for CoinWeek ….   UPDATE, 7-6-2015: House Bill 26 was considered by the Ohio State Senate for the first time on June 18, and was referred to the Senate Ways and Means Committee on June 24. On Wednesday, June 17, the Columbus Dispatch in Columbus, Ohio reported that the Ohio House of […]

By June 18, 2015 0 Comments Read More →
Cultural Property & Coins – The CCPIA: Then and Now

Cultural Property & Coins – The CCPIA: Then and Now

By Wayne Sayles – Ancient Coin Collecting Blog ….   The Convention on Cultural Property Implementation Act of 1983 (CCPIA) has been in effect for more than 30 years and was massaged through the legislative process over a 13-year span. The fact that this law has withstood many challenges and is still regarded by most […]

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

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 […]

Bernard von NotHaus Sentenced to Probation for Liberty Dollar Conviction

Bernard von NotHaus Sentenced to Probation for Liberty Dollar Conviction

CoinWeek Staff Reports ….   Bernard von NotHaus, creator of the American Liberty Dollar (ALD), was sentenced to three years probation by a federal judge on December 2. This comes almost four years after his March 18, 2011 conviction in federal court on counterfeiting and conspiracy charges. Von NotHaus was the founder and president of […]

By December 4, 2014 11 Comments Read More →
German Supreme Court ruling favorable to Ancient Coin Collectors

German Supreme Court ruling favorable to Ancient Coin Collectors

By Wayne G. Sayles – Ancient Coin Collectors Guild …….. While U.S. Courts have consistently avoided hearing arguments about the validity of imposing trade restrictions on ancient coins, a German High Court has faced the issue head on and ruled definitively in a case involving coins.  For a certified translation click HERE. On October 31, […]

The World’s Largest Collection of Export Permits?

The World’s Largest Collection of Export Permits?

By Wayne Sayles – Ancient Coin Collecting A January 18th special report on CNN prompts one to wonder, where in the world would the largest collection of export permits exist?  The report itself is not of course about export permits—that would hardly attract the producers of a major news medium.  It is a report about […]

By January 30, 2012 0 Comments Read More →
 
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