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 […]
Congress Passes “Filipino Veterans of World War II Congressional Gold Medal Act of 2015”
Last Wednesday, November 30, the U.S. House of Representatives unanimously passed H.R. 2737, the “Filipino Veterans of World War II Congressional Gold Medal Act of 2015.” The bill was introduced in the House on June 11, 2015, by Rep. Tulsi Gabbard (D-HI). (The Senate version, S. 1555, which is identically named, was passed on July […]
Collectors Called Upon to Support Apollo 11 Commemoratives
The following is a re-post from Coin Update’s sister site, Mint News Blog. For the next few weeks, collectors and space-program enthusiasts are turning their attention to the Apollo 11 Moon landing, and its 50th anniversary in 2019. At issue is the passage of the Apollo 11 50th Anniversary Commemorative Coin Act. The manned Moon landing was a singular […]
Michael Fuljenz to Give Free Talk on History of “In God We Trust” Motto at ANA Anaheim
Universal Coin & Bullion has shared the following press release: (Anaheim, California) – An educator and acclaimed writer will give a free, informative presentation on defending the national motto, “In God We Trust,” in Anaheim, California on Thursday, August 11, 2016. The public is invited. The program will be presented by Michael Fuljenz of Beaumont, […]
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