On July 17, companion bills were introduced in the House and Senate authorizing production of commemorative coins to honor the birth centennial of President John F. Kennedy. Since last year (and even earlier), collectors have been watching for a blip on the legislative radar that would signal plans for a Kennedy commemorative; as each month […]
PMANA requests House Committee on Ways and Means to bring fairness to the taxation of precious-metal coins and bullion
(Washington, D.C.)—Discussions surrounding tax reform have heightened in recent weeks, and the Precious Metals Association of North America (PMANA) has offered testimony before the House Committee on Ways and Means asking for a change in the Internal Revenue Code that would bring fairness to precious-metals bullion and coin investors, while also creating smart investment opportunities […]
North Carolina joins 35 other states with sales-tax exemptions
On Tuesday, July 25, 2017, North Carolina governor Roy Cooper signed into law House Bill 434: Coins/Currency/Bullion Sales Tax Exemption. The law is a complete sales-and-use tax exemption on coins, currency, and precious-metals bullion sales. “The bill’s author, Representative Dana Bumgardner, coauthors Representative Jeff Collins, Representative Mark Brody, and Representative Mike Clampitt, along with its […]
Louisiana enacts new exemption on coins and precious-metals bullion
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, from April 1 through June 30. Beginning July […]
Development of the first U.S. state-run bullion depository is underway in Texas
The following is a re-post courtesy of Coin Update’s sister site Mint News Blog. Lone Star Tangible Assets (LSTA), an Austin-based firm, has signed a five-year contract with the government of Texas to manage the state’s bullion depository, which will be under the authority of the state comptroller general (currently Glenn Hegar). Prior to the […]
Minnesota gets sales-tax exemption on precious-metals bullion
On May 30, 2017, Minnesota governor Mark Dayton signed into law omnibus bill H1A, which included a sales-tax exemption on precious-metals bullion. (An omnibus bill is a proposed law that covers many diverse or unrelated topics.) The new law will take effect on July 1, 2017. Minnesota becomes the 35th state to have a complete […]
Collectors may get their kicks with Route 66 coins
There is little doubt that modern U.S. numismatics needs a jolt. While millions of collectors still look forward to coins like each year’s American Silver and Gold Eagles and the forthcoming 2017 American Palladium Eagle, this segment of the hobby does not seem to attract as much interest as it used to. And nowhere is […]
U.S. Mint News—Muhammad Ali Commemoratives, CCAC Meeting Notice, and Pricing Updates
Bills Introduced to Honor Muhammad Ali on Commemorative Coinage Last month, bills were introduced in both the House and the Senate to have the Treasury produce “coins in commemoration of Muhammad Ali.” Both of the identically worded bills—S. 166 and H.R. 579—are called the “Muhammad Ali Commemorative Coin Act.” One of the two versions must […]
Apollo 11 50th Anniversary Commemorative Coin Act Passes Both Houses of Congress
Last night (December 9), the U.S. Senate passed the measure known as the Apollo 11 50th Anniversary Commemorative Coin Act. (The House approved the measure on December 5.) The bill’s final stop will be the desk of President Obama, who is almost certain to sign off on it. The coins, which will be issued in 2019, will […]
House Passes Bipartisan “Apollo 11 50th Anniversary Commemorative Coin Act”
WASHINGTON, DC – Yesterday the U.S. House of Representatives passed bipartisan legislation introduced by Representatives Bill Posey (R-FL), Frederica Wilson (D-FL), John Culberson (R-TX), Gene Green (D-TX), and Rod Blum (R-IA) to recognize and celebrate the 50th anniversary of the Apollo 11 moon landing with a commemorative coin. The semicentennial of the moon landing will […]
- 1
- 2
- 3
- …
- 15
- Next Page »
