ICTA - Your Industry Watchdog | News
NCBA Chair Named 2022 Harry J. Forman Dealer of the Year

The American Numismatic Association has named John Brush the 2022 Harry J. Forman Dealer of the Year. Presented annually, the award honors a professional numismatist who shows uncommon dedication to strengthening the hobby and the ANA; exhibits high ethical standards and integrity; and treats all members of the numismatic community and the public fairly and consistently.

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Volunteer State Ends Tax on Coins, Currency, and Bullion

Tennessee has gained a complete sales-tax exemption on the retail sales of coins, currency, and precious-metals bullion. On April 27, 2022, the Tennessee House substituted Senate Bill 1857: Exempts certain sales of gold, silver, platinum, and palladium coins and bullion from the sales and use tax, for House Bill 1874, and passed Senate Bill 1857. The Senate concurred on April 28, 2022. The exemption will take effect upon receiving the governor’s signature or 10 days after it reached the governor’s desk if he takes no action.

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Alabama Bill Amends Bullion Definition, Extends Expiration Date, and Repeals Reporting Requirements

In the summer of 2016, Phil Darby (J & P Coins and Currency) and Steve Caiola (Alabama Gold Refinery) started collaborating with the National Coin & Bullion Association on a campaign to obtain a statewide coin, currency, and precious-metals bullion sales-tax exemption. Darby and Caiola hired Graham Champion (Public Strategies, Montgomery, AL) as the campaign’s lobbyist.

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Virginia Sales-Tax Exemption Extended and Threshold Removed

On March 2, Virginia governor Glenn Youngkin signed House Bill 3, which extends the sunset date for the sales-tax exemption on gold, silver, and platinum bullion and legal tender coins to June 30, 2025. Under the previous law, the exemption would have expired on June 30, 2022.

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ACEF Concerns Included in Federal Government’s Review of Notorious Markets for Counterfeiting & Piracy

office of u.s. trade representativeThe sale of counterfeit U.S. coins and precious metals on e-commerce platforms and third-party marketplaces continues to escalate and the number of victims proves to be a highly lucrative and profitable business for counterfeiters.

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