The following are descriptions of the artist submissions which won the most votes from Citizens Coinage Advisory Committee (CCAC) members for the gold, silver, and clad versions (obverse and reverse) of the upcoming American Legion coins: Gold Obverse AL-G-O-03 commemorates the inception of the American Legion and its mission to serve America and its war […]
PMANA responds to United States Trade Representative’s 2017 notorious markets review
Washington, D.C. — Today, United States Trade Representative (USTR) Robert Lighthizer released his office’s report on marketplaces and governments that, in one way or another, contribute to the global threat of piracy and counterfeiting. Two of the entities included on the list — the Chinese government and Alibaba-owned Taobao.com — are especially concerning to the […]
Citizens Coinage Advisory Committee meets January 16 via teleconference
The Citizens Coinage Advisory Committee (CCAC) will hold a public meeting, from 3:00 to 4:30 p.m. (EDT) on Tuesday, January 16, 2018, via teleconference. The currently proposed agenda is to review and discuss candidate designs for the 2019 quarter honoring American Memorial Park (Northern Mariana Islands) in addition to discussing the concept for the proposed […]
My first CCAC Meeting: A spirited discussion and a rare inside glimpse into the design process
On Wednesday, October 18, 2017 , I had the pleasure of attending my first Citizens Coinage Advisory Committee meeting (on the phone, since I live in Atlanta and not in Washington). As a relative novice to the world of coin design, I understand the apprehension most collectors feel when first putting themselves into the fray with […]
Bills authorizing new commemorative coins progress through Congress
Bills authorizing new commemorative coinage for 2019 and 2010 made their ways forward in Congress last week. American Legion Centennial H.R. 2519 and its companion bill, S. 1182, both titled the “American Legion 100th Anniversary Commemorative Coin Act,” would authorize three coins commemorating the centennial of the American Legion. The bills were introduced in the […]
John F. Kennedy commemorative coin bills introduced
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 […]
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