Mission

The National Coin & Bullion Association, the new trade name for the Industry Council for Tangible Assets, is a 501(c)(6) tax-exempt trade association dedicated to the coins, currency, and precious-metals bullion communities for over 38 years. NCBA exists to promote and safeguard the interests of its members, serving as the industry’s watchdog to maintain a favorable legislative and regulatory climate in the United States federal government and individual state governments. The association provides a medium through which its members may confer, consult, cooperate with, and educate governmental and other agencies to solve problems affecting their businesses. NCBA also offers its members assistance and information on new and existing laws and regulations and promotes harmony and cooperation among its members to advance the welfare of the numismatic communities.

Membership

The National Coin & Bullion Association is vital to the success of each coin dealer, collector, or investor conducting business in the numismatic and precious-metals bullion communities.

Here’s what your dues will help us do:

• FIGHT to keep sales tax exemptions in 40 states (with more in the works)
• ELIMINATE onerous and burdensome regulations, like the Minnesota law that threatened to put dealers out of business
• PROTECT you from counterfeits through the Hobby Protection Act and educational programs
• MONITOR every proposed law or regulation in all 50 states and the federal government
• MOBILIZE the dealer and collector communities when state and federal laws threaten your hobby like the SCOTUS South Dakota v. Wayfair decision

Remember, NCBA exists to promote and safeguard the interests of its members, serving as the community watchdog to maintain a favorable legislative and regulatory climate in the United States and the individual states, but our strength to fight and win comes from you. Thank you in advance for your support.

JOIN NCBA

Taxation

NCBA has helped 35 states create exemptions from sales and use taxes on coins, currency, and precious-metals bullion, bringing the total to 40 states that exempt these products (five states have no sales tax at all). NCBA continues to work with dealers, collectors, and investors for more exemptions and keeping existing exemptions.

As part of this effort, NCBA is working to help defeat efforts to create a nation-wide “simplified” sales tax plan (SSTP), through which Congress would grant states the power to force out-of-state merchants to collect and remit sales taxes for each state. This is a significant issue with the potential to change the way US merchants have conducted business for more than 200 years. Preserving our existing sales-tax exemptions is critical.

NCBA has also supported the World Gold Council’s efforts toward federal legislation that would qualify gains from precious-metals investments for the lower capital gains tax rate. NCBA will continue to push for this and for legislation that would also qualify rare-coin investments for the capital gains rate.

The United States is the only major power that does not currently levy a value-added tax (VAT) or similar national tax (called the “goods and services tax” in Canada). NCBA is constantly on guard against efforts to impose this kind of tax in the United States, as it would be disastrous for the numismatic and precious-metals bullion communities.

Advocacy

NCBA works to prevent laws and regulations that would interfere with your ability to do business, are excessively burdensome, or both. NCBA also actively proposes laws and regulations that would benefit both the hobby and the industry. Equally important, NCBA educates dealers on compliance with existing laws and regulations. Much of our effort is directed toward issues of taxation and other IRS requirements.