Tag: Coins and the law

CoinWeek News Wire for July 21, 2017: The Hobby Under Fire, Endangered Cash, & Coin Crime

CoinWeek News Wire for July 21, 2017: The Hobby Under Fire, Endangered Cash, & Coin Crime

By Coinweek ….   CoinWeek News Wire for July 21, 2017:  The War on Cash 2: This Time It’s Personal 1.) ‘CASH ESSENTIAL TO PERSONAL FREEDOM’ – EUROPEANS PUSH BACK The biggest cited concern for respondents was the threat the cash restrictions would pose to privacy and personal anonymity. A total of 87% of respondents […]

Louisiana Coins and Precious Metals Bullion Exemption Enacted

Louisiana Coins and Precious Metals Bullion Exemption Enacted

By Industry Council for Tangible Assets ….. Last year, the Louisiana legislature, facing a $900 million deficit, held a special legislative session and increased Louisiana’s 4% sales tax to 5%. In addition to increasing the state sales tax, it eliminated nearly all tax exemptions and exclusions–including numismatic coins and precious metals bullion exemptions–for three months, […]

The U.S. Government Confiscates Ten Multi-Million Dollar Coins

The U.S. Government Confiscates Ten Multi-Million Dollar Coins

Opinion by Dr. Richard S. Appel – Unique Rare Coins ……   Mystery, intrigue and a see-saw legal battle has surrounded 10 1933 St. Gaudens $20 gold coins since their discovery in a family safe deposit box in 2002. The box originally belonged to Israel Switt, a long-time Philadelphia jeweler and coin dealer. He died […]

Cultural Property Overreach Encroaches on Collectors’ Rights

Cultural Property Overreach Encroaches on Collectors’ Rights

By Wayne Sayles – Ancient Coin Collecting ….   Cultural Heritage Lawyer Rick St. Hilaire, an apologist for cultural property nationalists and a critic of private ownership and trade in cultural property, has posted on his blog a quite lucid history of the Ancient Coin Collectors Guild (ACCG) experiences in District and Appellate Court over […]

Supreme Court Refuses to Hear Langbord-Switt 1933 Double Eagles Case

Supreme Court Refuses to Hear Langbord-Switt 1933 Double Eagles Case

By Hubert Walker for CoinWeek ….   It may have been Neil Gorsuch’s first day on the bench, but the real news Monday, April 17 (at least for coin collectors) is that the United States Supreme Court declined to hear the Langbord family’s appeal as they attempted to recover 10 1933 double eagle $20 gold […]

CoinWeek News Wire for April 14, 2017

CoinWeek News Wire for April 14, 2017

By Coinweek ….   CoinWeek News Wire for April 14, 2017 Brain Food 1.) Test How Much You Know About Bitcoin As the world’s monetary systems teetered on the edge in late 2008, some computer whizzes sought a digital solution. As Lehman Brothers lay dying, a math-based, completely digital means of exchange known as bitcoin […]

Cultural Property Law Leads to Arrests of Coin Collectors in Munich

Cultural Property Law Leads to Arrests of Coin Collectors in Munich

By CoinWeek Staff Reports ….   If the March 4 arrests of coin collectors and a coin dealer at the 50th Numismata in Munich are any indication, collectors in the United States have reason to fear that Germany’s new Cultural Property Protection law may live down to the predictions of those who signed last year’s […]

Gold & Silver PAC February 2017 e-Newsletter

Gold & Silver PAC February 2017 e-Newsletter

By Scott Barman for the Gold & Silver PAC …..   From the Political Coordinator As I was sitting down to talk with an old friend over coffee, he turns to me and says, “I think frankly when it comes to chaos you ain’t seen nothing yet.” This Washington veteran, who began his career as an […]

Gold & Silver PAC December 2016 e-Newsletter

Gold & Silver PAC December 2016 e-Newsletter

By Scott Barman for the Gold & Silver PAC …..   From the Political Coordinator I have been working for the federal government as a contractor since 1996 making this the sixth general election I have witnessed alongside the career professionals working federal agencies. While it is against the law and employment policies to be involved […]

US Mint News – Request for Comments on Coin Exchange Program

US Mint News – Request for Comments on Coin Exchange Program

For many years, the United States Mint has administered a program by which people and businesses could exchange bent and partial coins (commonly referred to as “mutilated coins”) for reimbursement. Bent coins are defined as U.S. coins which are bent or deformed so as to preclude normal machine counting but which are readily and clearly […]

By November 1, 20160 Comments Read More →
Bullion & Precious Metals News – ICTA Names New Officers

Bullion & Precious Metals News – ICTA Names New Officers

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. […]

Gold & Silver PAC August 2016 e-Newsletter

Gold & Silver PAC August 2016 e-Newsletter

By Scott Barman for the Gold & Silver Political Action Committee …..   From the Political Coordinator In my introduction to the August 2015 newsletter I said that “22 men and women have thrown their proverbial hats in the ring to become President of the United States.” One year later, we are down to two […]

Appeals Court Rules for U.S. Gov’t in Langbord 1933 Double Eagle Fight

Appeals Court Rules for U.S. Gov’t in Langbord 1933 Double Eagle Fight

By Hubert Walker for CoinWeek ….   A little over one year after the Philadelphia United States Attorney’s Office filed a petition with the Third Circuit Court of Appeals on behalf of the U.S. Government to rehear the case of Langbord et al v. U.S. Department of Treasury et al (Case No. 12-4574), the en […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, 20150 Comments Read More →
 
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