Federal grand jury indicts coin dealer for sale of counterfeit coins, mail fraud

Apr 13, 2018 | ICTA, News

A Minnesota federal grand jury has returned a 6-count criminal indictment charging coinCourter Barry Ron Skog with five counts related to the sale of counterfeit coins and one count of mail fraud. According to the indictment filed April 10 in U.S. District court, the...

Greg Allen new ACTF Steering Committee chair

Mar 29, 2018 | Announcements, ICTA

World Mint Work Group joining anti-counterfeiting effort Industry Council for Tangible Assets Chairman Philip N. Diehl has announced the appointment of Greg Allen as chair of the Anti-Counterfeiting Task Force Steering Committee. ACTF Steering Committee members serve...

Statement issued upon Senate confirmation of David J. Ryder as Mint Director

Mar 22, 2018 | ICTA

“We welcome the news that the U.S. Senate has confirmed President Trump’s nominee, David J. Ryder, as the 39th director of the United States Mint,” said Philip N. Diehl, chairman of the Industry Council for Tangible Assets. “It’s hard to imagine a better-qualified...

Alabama Becomes 37th State with a Sales-Tax Exemption

Mar 8, 2018 | ICTA, News

On Tuesday, March 6, 2018, Alabama governor Kay Ivey signed into law Senate Bill 156 to exempt the gross proceeds from the sales of gold, silver, platinum, and palladium bullion, and money from sales and use tax for five years. The law is a sales-and-use tax exemption...

ICTA appoints seven to non-profit foundation board

Mar 5, 2018 | ICTA, News

The Board of Directors of the Industry Council for Tangible Assets has appointed seven industry leaders to guide the Anti-Counterfeiting Educational Foundation (ACEF), the non- profit organization recently formed to receive contributions to support the work of its...

Investors Should Exercise Caution Investing in Individual Retirement Account Home Storage

Jan 16, 2018 | ICTA, News

Some precious-metals bullion dealers recently have been advertising “home storage” as a legal and beneficial option for storing bullion that may be invested in an individual retirement account (IRA). The “home storage” concept may conflict with the laws that allow for...

North Carolina Dealer Honored with Service Award

Jan 16, 2018 | ICTA, News

Industry Council for Tangible Assets dealer member Mitch Hyatt (Hyatt Coin and Gun Shop, Charlotte, North Carolina) was honored during the ICTA dinner and update cruise aboard the Yacht StarShip II in Tampa, Florida, on January 3 as the recipient of the 2017 Diane...

Transportation and Shipping Security Seminar

Dec 14, 2017 | Announcements, ICTA

A Loomis Armored representative will discuss transportation and shipping security at the upcoming Florida United Numismatists show. The Industry Council for Tangible Assets will host the seminar. The seminar begins at 8:30 a.m. on Friday, January 5, 2018, at the Tampa...

Confused Over Proposed Tax Legislation and Like-Kind Exchanges?

Dec 13, 2017 | ICTA, News

There is misinformation floating out around the dealer community intermingling “like-kind exchanges” and three different sections of the tax code (1031, 1099-b and bartering). The Industry Council for Tangible Assets has produced a white paper which goes into detail...

U.S. Mint’s response to members of Congress lacks commitment

Dec 7, 2017 | ICTA, News

Acting Deputy Director of the U.S. Mint David Motl’s Nov. 17 response to an Oct. 27 letter from U.S. Representatives Frank Lucas (R-OK) and Alex Mooney (R-WV) requesting information regarding the Mint’s efforts to combat the rising tide of counterfeit coins entering...