Collectors Urged to Contact Congressional Representatives for Support

Support H.R. 3757

Legislation Authorizing 2021 Morgan & Peace Silver Dollars
to Benefit American Numismatic Association

Coin collectors soon could purchase 2021-CC Morgan and Peace silver dollars that support the American Numismatic Association (ANA) and the hobby.

Legislation was introduced on July 16 (H.R. 3757) to authorize production of 2021-dated dollar coins to mark the 1921 transition from the Morgan to the Peace designs. A combined maximum production of 500,000 proof and uncirculated Morgan and Peace dollars would be authorized under the 2021 Commemorative Silver Dollar Coin Act. An unspecified number of Morgan dollars could be struck with the “CC” mintmark at the former Carson City Mint, which now houses the Nevada State Museum.

Sales of the two coins would include a surcharge of $10 per coin, 40 percent of which would be paid to the American Numismatic Association to help fund educational programs – after the U.S. Mint has recouped all of its production and associated costs. The National World War I Museum & Memorial in Kansas City also would receive 40 percent of all net surcharges, while the Nevada State Museum located in Carson City would receive 20 percent.

The enabling legislation, jointly introduced in the House of Representatives by Emanuel Cleaver, (D-Mo.) and Andy Barr, (R-Ky.), requires 189 Congressional co-sponsors.

This commemorative coin initiative is being led by Tom Uram, chairman of the Citizens Coinage Advisory Committee (CCAC), president of the Pennsylvania Association of Numismatists, and current ANA board member; and Mike Moran, noted author and researcher, and member of the CCAC since 2011.

“It’s critical that hobbyists reach out to their Congressional representatives immediately to press them to co-sponsor the bill,” says Uram. “We need the required number of co-sponsors in order for this to become a reality.”

(Collectors unfamiliar with how to reach their Congressional representatives can visit money.org/coin-legislation.

ANA President Gary Adkins noted that the silver dollar commemoratives will ignite additional interest in the hobby. “I encourage every collector to contact their Congressional representatives to co-sponsor H.R. 3757 and support the 2021 Commemorative Silver Dollar Coin Act,” he said. “Not only is this great for the hobby, but for the first time ever proceeds from a commemorative coin program will support the numismatic hobby.”

The Peace dollar was approved in December 1921 to commemorate the declaration of peace between the United States and the Imperial German government, replacing the Morgan dollar. According to information provided in the proposed legislation, the design conversion from the Morgan dollar (minted between 1878 and 1904, and again in 1921) to the Peace dollar (struck from 1921 to 1935) reflects a pivotal moment in American history. “The Morgan dollar represents the country’s westward expansion and industrial development in the 19th century. The Peace dollar symbolizes the country’s coming of age as an international power while recognizing the sacrifices made by her citizens in World War I and celebrates the victory and peace that ensued.”

The American Numismatic Association is a congressionally chartered, nonprofit educational organization dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its vast array of instructional and outreach programs, as well as its museum, library, publications and conventions. For more information, call 719-632-2646 or visit www.money.org.

Ohio Budget Kills Sales-Tax Exemption

ICTA member Dave Miholer (Executive Coin Company, Stow, OH) brought to our attention in May that the Ohio 2020–2021 budget eliminated the sales-tax exemption on the purchases of investment metal bullion and investment coins. The budget plan also directs the state to begin collecting sales taxes on interstate purchases, due to the requirements of South Dakota vs. Wayfair.

Shortly afterward the budget’s language eliminating the exemption was removed. Lobbyist Neil Clark closely monitored the budget’s bill (HB 166) in case the language was restored before the bill went to the Senate floor for a vote. The Senate passed their version of the bill on June 20, 2019. However, the House refused to concur in the Senate amendments, so the bill went to a Conference Committee, where differences were resolved. It passed both houses on July 17, 2019.

We learned late that night from lobbyist Clark that the budget now included language that eliminated the exemption and that it was on the way to Governor Mike DeWine to be signed. The Ohio dealer community was immediately alerted and asked to call Governor DeWine’s office to urge him to line-item veto this language and protect the exemption. Unfortunately, Governor DeWine opted not to veto the language before signing the bill into law yesterday, July 18, 2019.

On behalf of Miholer, thank you to everyone who made telephone calls, wrote legislators, testified before legislative committees, and financially supported the efforts to stop the repeal of the Ohio sales-tax exemption on the purchases of investment metal bullion and investment coins.

“The state’s current political climate was just not favorable toward existing tax breaks that generally favored businesses,” said Miholer. In other words, the repeal of this exemption and other tax breaks would supposedly underwrite a huge state tax cut.

The sales tax becomes effective October 1, 2019.

“We may be down, but we’re not out,” says Miholer. “We don’t know right now, but we will regroup and start again a campaign to get our exemption back.”

For more information, please contact Miholer by calling (330) 686-1100 or emailing davem@executivecoin.com.

ANA Selects Phoenix for 2021 National Money Show

Kagin’s Selected as Official Auctioneer

The American Numismatic Association’s (ANA) Board of Governors selected Phoenix, Ariz. as the host city for the 2021 National Money Show®. The event is scheduled for March 11-13, 2021 at the Phoenix Convention Center.

Host hotels are the Hyatt Regency Phoenix and the Hampton Inn & Suites Phoenix Downtown.

The Association also is pleased to announce that Kagin’s, Inc. will serve as the Official Auctioneer for the 2021 National Money Show. “The ANA has partnered with Kagin’s on the National Money Show since 2016 and we’re delighted to be working with them again in Phoenix,” said Kimberly Kiick, ANA executive director. “Their participation is sure to make the Phoenix National Money Show a premier numismatic event.”

Atlanta, Ga. is the site for the 2020 National Money Show, which is slated for Feb. 27-29 at the Cobb Galleria Centre. To consign items with Kagin’s for the Atlanta National Money Show, collectors can contact a consignment specialist by calling 1-888-852-4467 or email Don@Kagins.com.

The National Money Show offers hobbyists access to hundreds of dealers offering extensive numismatic inventory at all price levels, a live auction, exhibits of rare and historical treasures, and educational programming for both beginning and seasoned collectors. The show is hosted by the nonprofit American Numismatic Association, which is dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the collecting public discover and explore the world of money through an array of instructional and outreach programs.

For more information, call 719-632-2646 or visit www.money.org.

PNG Suspends Member Jason Bradford

(Temecula, California) July 19, 2019 – The Professional Numismatists Guild (www.PNGdealers.org) suspended the membership of Jason Bradford on July 18, 2019 for conduct prejudicial to the PNG, including violation of the Code of Ethics, according to PNG Executive Director Robert Brueggeman.

Bradford, of Legacy Currency Grading in Brentwood, Tennessee, joined the PNG in 2015 as member #765.

According to Brueggeman, the full PNG Board in accordance with the PNG Bylaws will decide if Bradford’s membership will be reinstated, if he will remain suspended or if he will be expelled from the organization.

The Professional Numismatists Guild is a nonprofit trade association composed of the country’s top rare coin and paper money dealers who must adhere to a strict Code of Ethics (www.PNGdealers.org/code-of-ethics) in the buying and selling of numismatic merchandise.

For additional information about the PNG, contact Robert Brueggeman, PNG Executive Director, 28441 Rancho California Road, Suite 106, Temecula, CA 92590. Phone: 951-587-8300. Email: info@PNGdealers.org. Online: www.PNGdealers.org.

Neil Armstrong’s Apollo 11 Gold Medal, Certified by NGC and CAG, Realizes Over $2 Million

An extremely rare gold medal graded by NGC that traveled on the Apollo 11 mission to the moon realized $2,055,000 at an auction held on the mission’s 50th anniversary. It is one of the highest prices ever paid for a medal, and it is the highest price realized to date for any item from the Armstrong Family Collection™, which comprises items saved by astronaut Neil Armstrong and his immediate family members.

The gold medal is called a Robbins Medal; astronauts had these medals struck to bring on their missions, starting with Apollo 7. On the obverse side, the Robbins Medals feature the insignia of the mission they were made for, so the Apollo 11 ones show an eagle landing on the lunar surface. This design was later adapted for the reverse of the Eisenhower and Susan B. Anthony dollars.

Only three Apollo 11 Gold Robbins Medals were struck, one for each astronaut on the mission. This one was brought along by Armstrong, who became the first man to walk on the moon’s surface on July 20, 1969.

NGC graded the medal NGC MS 67, while an affiliated company, CAG, certified its provenance to the Armstrong Family Collection.

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