ICTA - Your Industry Watchdog | News
ICTA Celebrates 35 Years of Business

The Industry Council for Tangible Assets (ICTA) is incredibly proud to have turned 35 in July—but we’re even more proud of how we achieved it. ICTA is governed by a volunteer Board of Directors elected by the membership. The list of the association’s past chairmen reads like a “Who’s Who” of the rare-coin / precious-metals industry: the first chair was Luis Vigdor, followed by ICTA leaders Jesse Cornish and Joseph Povey (co-chairs), Jesse Cornish, Henry Beckler, Bruce L. Kaplan, Stan Medlar and John Norris (co-chairs), John Norris, Mike Clark, Tom Noe, Don Doyle, Terry Hanlon, Mal Varner, Paul Montgomery, Todd Imhof, Steve Ivy, Fred Weinberg, Gary Adkins, Bob Greenstein, Harry Miller, Philip Diehl, and currently John Fisher.

ACTF Special Exhibit of Counterfeits Coins, Bars for Public Education

Homeland Security loans items to illustrate levels of deceptiveness, diversity 

The Industry Council for Tangible Assets Anti-Counterfeiting Task Force will exhibit a five-case display of counterfeit coins, precious metals bars, and grading holders during the American Numismatic Association’s World’s Fair of Money Aug. 14-18 at the Pennsylvania Convention Center in Philadelphia.

The counterfeit items are on special loan from the Cherry Hill, N.J., office of Homeland Security Investigations, U.S. Department of Homeland Security. The items were confiscated during HSI’s investigation of a New Jersey man, 34-year-old Jonathan A. Kirschner, who pleaded guilty June 25 to impersonating a federal agent while selling counterfeit coins and bars and unlawfully importing counterfeit coins and bars into the United States.

Silver, Gold American Eagles Most Counterfeited Bullion Coins

2017 silver and gold American Eagle bullion coins

Since 1986 when the United States Mint first introduced silver and gold American Eagle bullion coins, they have been top sellers in the United States as well as around the world.

A new survey conducted by the Anti-Counterfeiting Task Force indicates the popular U.S. bullion coins are now leaders in a category their manufacturer would rather not be in – the most frequently encountered bullion coin counterfeits.

Some 43.3 percent of U.S. coin dealer respondents to the survey report customers seeking to sell them counterfeit silver American Eagle bullion coins. Similarly, 41.2 percent report customers trying to sell them fake gold American Eagle bullion coins. The most frequently encountered fake foreign gold bullion coins include the South African gold Kruggerand at 30.4 percent, the Canadian gold Maple Leaf at 24.2 percent, and Mexican gold 50 pesos at 20.1 percent.

“The survey results are not surprising to us,” said Beth Deisher, the Industry Council for Tangible Assets Director of Anti-Counterfeiting. “Counterfeiters -- primarily from China -- target the most popular products, usually market leaders with the highest brand identification.”

She cited survey results in two other categories – bullion bars and collectible classic U.S. coins.

Man Pleads Guilty to Selling, Importing Fakes; Impersonating Agent

ACTF plays key role in investigation and provides experts to identify fakes

Fake ATF BadgeA New Jersey man admitted June 25 to impersonating a federal agent while selling counterfeit coins and bars and unlawfully importing counterfeit coins and bars into the United States, according to U.S. Attorney Craig Carpenito.

Jonathan A. Kirschner, 34, also known as “Jonathan Kratcher,” pleaded guilty before U.S. District Judge Robert B. Kugler in Camden, N.J., federal court to one count of falsely impersonating an agent of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) and one count of unlawfully importing counterfeit coins and bars into the United States.

Warning to Coin Community About Supreme Court's Interstate Sales-Tax Ruling

Supreme Court of the United States

The landscape of online shopping changed with last week’s Supreme Court 5-4 decision in the South Dakota v. Wayfair case. The Court’s decision is that states can now require online retailers to collect sales-tax revenue from consumers beyond their borders.

While most news reports covering the decision refer to “internet sales” subject to states sales tax, two important points are being overlooked.

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