ICTA - Your Industry Watchdog | News
Tax Bill Make Changes to the Taxation of “Like-Kind” Exchanges

Congress is preparing to make changes to the taxation of “like-kind” exchanges that may effect you and your clients

The US House and Senate have included in their tax bills revisions to the treatment of like-kind exchanges that will affect some coin and currency dealers and their clients. Dealers and clients who engage in such exchanges will face significant consequences if Congress adopts these revisions to Section 1031 of the US tax code. The Industry Council for Tangible Assets recommends you assess the effects of these revisions if you engage in like-kind exchanges.

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ACTF Reorganizes Research Group, Adds Three Work Groups

$100 BillThe Industry Council for Tangible Assets’ Anti-Counterfeiting Task Force has reorganized one of its original work groups and added three new groups since its early August meeting prior to the World’s Fair of Money in Denver. Additionally, new members have joined the Steering Committee and work groups.

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Minnesota Man Charged with Felony for Selling Counterfeit Coins

A genuine 2014 American Eagle Gold one-ounce uncirculated coin. (United States Mint image.)A 28-year-old man from Waite Park, Minn., on Sept. 25 is expected to respond to a felony charge for theft-by-swindle stemming from selling counterfeit coins to three pawn shops in the greater Minneapolis area.

Eric Michael Johnson, identified in a complaint filed July 31 in Minnesota’s 7th Judicial District Court located in Stearns County, could face a maximum sentence of five years imprisonment and/or a fine of $10,000.

Johnson was arrested Feb. 27, 2017, by Minnesota Department of Commerce Special Agent Joseph K. Boche in the Pawn America shop located in Anoka, Minn.

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Beth Deisher Honored With 2017 PNG Lifetime Achievement Award

Beth Deisher recevies the 2017 PNG Lifetime Achievement Award from Robert Brueggeman (left) and Barry Stuppler.The Professional Numismatists Guild presented its 2017 PNG Lifetime Achievement Award to prominent and influential hobby leader Beth Deisher. The award was announced during the PNG’s annual banquet held this year in Denver, Colorado on July 31, 2017.

Deisher is the Anti-Counterfeiting Task Force Director of the Industry Council for Tangible Assets. She was the award-winning Editor of Coin World for 27 years until her retirement in 2012. Over the years Deisher also has conducted workshops and classes on the problems of counterfeit coins produced in China.

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Three Receive ACTF Al Kreuzer Memorial Award

Al Kreuzer Memorial Award (Front)The Industry Council for Tangible Assets (ICTA) recognized three individuals on August 2 for their outstanding contributions in the effort to combat counterfeit coins and currency, and for their support of the Anti-Counterfeiting Task Force (ACTF).

Philip N. Diehl, Michael R. Fuljenz, and Chandra Kreuzer-Zell Rudd were the first recipients of the annual Al Kreuzer Memorial Award, which was presented during ICTA’s banquet in Denver, held during the American Numismatic Association’s World’s Fair of Money.

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