ICTA - Your Industry Watchdog | News
Equity Trust Partners with International Depository Services
International Depository Services Group logoOffering state-of-the-art precious metals solutions across the globe, International Depository Services Group announced today a new bullion storage partnership with Equity Trust Company, a leading custodian of self-directed Individual Retirement Accounts, also known as IRAs. While Equity Trust is expanding its presence in the market, this is only the second time in the past 10 years they have added an additional bullion storage option for their customers. International Depository Services Group was recognized for their experience in the precious metals market and high standard of customer care. Each International Depository Services Group location specializes in fully-segregated storage of physical gold, silver, platinum and other metals.
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Heller Receives Two NLG Awards

Patrick A. HellerAt the Numismatic Literary Guild (NLG) Annual Awards Ceremony on August 15, 2019, Liberty Coin Service’s Communications Officer Patrick A. Heller was honored with awards for Best Investment Newsletter and Best Radio Report.  The awards ceremony was conducted during the American Numismatic Association World’s Fair of Money held in Rosemont, Illinois.

Said LCS CEO and owner Tom Coulson, “Competing against hundreds of coin dealer publications, the Liberty’s Outlook newsletter that Pat writes for Liberty Coin Service’s customers and subscribers has been honored by the NLG three times over the past four years.  His twice-weekly radio commentaries on 1320 WILS AM on Wednesday and Friday mornings under the title of ‘Things You ‘Know’ That Just Aren’t So, And Important News You Need To Know’ have been honored by the NLG for Best Radio Report for the fifth time in nine years.  Providing our customers, readers, and listeners with valuable information they can’t find anywhere else has helped this company develop and sustain a growing and loyal customer base.”

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Collectors Urged to Contact Congressional Representatives for Support

1921 Morgan DollarCoin 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.

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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 perceived requirements of South Dakota vs. Wayfair.

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FDIC Backs Down on “High-Risk” Merchant List
Tuesday, June 04, 2019 12:00 AM

The FDIC has fully reversed its position on a list of merchant categories thought to present a high risk for payment fraud. In a May 29 article, the Wall Street Journal reports that a suit brought by payday lenders against the Federal Deposit Insurance Corporation has been settled, and that banks must no longer rely on the FDIC’s “high-risk” list, which included coin dealers.

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