ICTA - Your Industry Watchdog | News
Washington State Coin Dealer Dan Duncan Receives Service Award

The 2020 Diane Piret Memorial Outstanding Service Award recipient Dan Duncan.The Industry Council for Tangible Assets dealer-member Dan Duncan (Pinnacle Rarities, Olympia, Washington) has received the association’s 2020 Diane Piret Memorial Outstanding Service Award for his continuous dedication and financial contributions to maintaining Washington State’s sales-tax exemption on sales of collector coins, bullion coins, and bullion.

Duncan and other local dealers, particularly Karen Feldman (Tacoma Mall Blvd Coin & Stamp), Ryan Hoolihan (Bellevue Rare Coins), and Todd Hughes (Pacific Northwest Numismatic Association), have recently stopped three separate attempts to repeal the sales-tax exemption. The Association of Washington Businesses also helped tremendously in these efforts.

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ICTA Announces New Executive Director

David CrenshawThe Industry Council for Tangible Assets today announced that Jimmy Hayes will step down as executive director at the end of the year, and its board of directors has appointed David Crenshaw as the new executive director, effective January 1, 2021.

Of the change, Hayes said, “I have very much enjoyed my tenure as executive director. I appreciate ICTA’s historic role as a watchdog for the industry, but with the Supreme Court’s Wayfair decision, we have realized a need for a watchdog for the collector as well. David Crenshaw has the experience and perspective of both a dealer and a collector to lead and strengthen our organization in its mission. Thanks to all the dealers and collectors with whom I have worked.”

Hayes is returning to the Coalition for Equitable Regulation and Taxation (CERT) as a consultant, where he intends to focus on legislative initiatives related to the numismatic and bullion marketplace. CERT is a separate entity that functions as the lobbying arm of ICTA.

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Hobby Community Mourns the Loss of Businessman and Philanthropist Joel R. Anderson
Friday, October 16, 2020 08:59 AM

Joel R. AndersonJoel R. Anderson, of Florence, Alabama, died peacefully at home on Monday evening, October 12, 2020, from natural causes at the age of 76. He was well known in the numismatic world as a businessman and generous supporter of many hobby causes.

The Anderson family has been active for decades in numismatics, publishing, and media distribution, among other industries. This started in 1917 with a street-corner newsstand built in downtown Florence by his late father, Clyde W. Anderson. The Anderson Companies grew into a business that today includes Anderson Media Corporation; TNT Fireworks (the largest importer and distributor of consumer fireworks in the United States); specialty publisher Anderson Press; and Books-A-Million (the nation’s second-largest book retailer).

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Department of Business Oversight Sues to Stop $185 Million Coins Scam that Targeted Senior Citizens

Part of a nationwide enforcement action to disrupt a fraudulent precious metals scheme that preyed on the elderly, the California Department of Business Oversight (DBO) announced today it secured a petition to shut down an alleged commodities and investment adviser fraud that solicited more than $185 million from seniors and other investors by selling overpriced gold and silver coins nationwide.

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Small Business Investors, Hobbyists Sue Minnesota for Criminalizing Their Pursuits

A group of small business investors and coin enthusiasts are suing the State of Minnesota in an effort to decriminalize their small cap alternative investment and collection pursuits. A September 22, 2020, online press conference addresses this lawsuit and the current Minnesota law that makes it illegal to purchase or sell a combined annual total of over $25,000 in gold, silver, or other precious metals, without registering as a dealer and posting a surety bond. The lawsuit, filed by attorney Erick Kaardal of Mohrman, Kaardal & Erickson, P.A., declares this “Bullion Dealer Law” to be unconstitutional and an impediment to interstate commerce.

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