The Industry Council for Tangible Assets and the Anti-Counterfeiting Educational Foundation have jointly announced an agreement to transfer the Anti-Counterfeiting Task Force and the position of director of anti-counterfeiting from ICTA to the non-profit 501-C-3 foundation.

The transfer became effective Nov. 15.

The Industry Council for Tangible Assets (ICTA), the national trade association for dealers of rare coins, currency, and precious-metals bullion, announced that former congressman James “Jimmy” Hayes has been appointed executive director of the organization.

Imagine Spending Thousands Registering Your Business, Collecting Sales-Taxes, and Remitting Sales-Taxes to Dozens of States on Sales
1909-S VDB Lincoln Cent State Sales-Tax Range: $168 – $294 (Imaged by Heritage Auctions, HA.com.)	American Eagle Gold Bullion Coin State Sales-Tax Range: $60 – $105* (United States Mint image.)	1881-S Morgan Silver Dollar State Sales-Tax Range: $5 – $8 (Imaged by Heritage Auctions, HA.com.)
Hopefully you are aware by now that the landscape of interstate commerce was changed with the 2018 Supreme Court’s decision in the South Dakota v. Wayfair case. The Court’s decision has caused many states to require dealer registration (and filing of state tax returns) by any dealer meeting state determined thresholds, whether or not the dealer has sold only state tax exempted items. Dealers are also required to collect and remit sales taxes on all coins, currency, and precious-metals sales to buyers in any state in which such purchases are not specifically exempted under the state statutes. Right now, 13 states have no exemptions, but lawmakers in Maryland, Pennsylvania, and Washington state want to remove the exemption and others are expected to follow. In short, wherever there are no bullion exemptions, for example, gold or silver must increase 4% – 7% for an investor to break even. Sales will plunge!
* Gold Price: $1,500

What You Don't Know about the Supreme Court's Decision in the South Dakota v. Wayfair Case Can Significantly Damage Your Business

The Court’s decision makes it likely that if you meet certain minimum state-tax law requirements, you may now, or soon (depending on the state), be required to register and collect sales-taxes on all coins, currency, and precious-metals sales to buyers in any state without full numismatic and bullion exemptions.

The American Numismatic Association (ANA) has reaffirmed its commitment to supporting efforts to fight coin and bullion counterfeiting with a $55,000 contribution to the Anti-Counterfeiting Educational Foundation (ACEF), the non-profit organization that receives contributions to fund the work of the Industry Council for Tangible Assets’ Anti-Counterfeiting Task Force (ACTF). The donation was made during the August 18 ANA board of governors meeting at the Philadelphia World’s Fair of Money.

ACTF’s mission is to mobilize law enforcement to protect the integrity of U.S. coinage by educating officials about the growing threat that counterfeit circulating, collectible and bullion coins pose to the collecting community and the public and moving them to act.