Those already outraged by the president's health care legislation now have a new bone of contention -- a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.
The issue is rising to the fore just as gold coin dealers are attracting attention over sales tactics. Section 9006 of the Patient Protection and Affordable Care Act will amend the Internal Revenue Code to expand ...
Full Article: Gold Coin Sellers Angered by New Tax Law - ABC News
A blizzard of paperwork could be about to hit numismatics. Passage by Congress of the national health care legislation has had an unintended consequence to the nation’s coin collectors, vest-pocket dealers who buy and sell coins, and larger dealers who are frequent buyers of coins that collectors periodically liquidate as they trade up their collections for better coins, or simply sell to take a small profit or loss.
What has happened is that effective Jan. 1, 2012, the whole system of ...
Full Article: $600 sale? Tax form - Numismatic News
Coin collecting is a male-dominated hobby. Yet in the field of numismatics (the study and collecting of money and other related items), a gradual trend toward female involvement took root in the United States over the past 30 years. An organization called Women In Numismatics (WIN), founded in 1991, fosters female familiarity with the hobby. For years, the culture at Southgate Coins in Reno, Nevada has been female oriented. The owners ...
Full Article: Southgate Coins Gives Back to Community by Hiring College Students - ExpertClick.com
As jittery investors react to global economic troubles, they are heading to gold as a safe haven asset.
On May 12, gold traded as high as $1,245.40 an ounce, based predominantly on an increase in demand, rather than a weakening of the U.S. dollar. The price represented a new record high ...
Full Article: Gold prices set record - Coin Values
To David Conway, a certain 1955 penny is much more than spare change. "Nineteen fifty-five double die pennies were stamped twice and are worth about $1,000," said David, an 18-year-old student at Wilton High School who runs coolcashcoins, a coin appraisal business.
David started the business as a sophomore, and now has "several dozen clients" in Fairfield County, he said ...
Full Article: Cashing in with coin appraisals - Wilton Bulletin
Coin collectors of all stripes, from novices to experts, frequently make the same mistake when it comes to coin price catalogs and guides - they misunderstand the intent of these publications and incorrectly apply the information to their own coin collection appraisals, with disastrous results when it comes time to sell!
Answer: The prices in coin price catalogs are determined by coin dealers, and coin dealers, like any other good businessmen, want to ...
Full Article: Are the Coin Prices in Most Coin Catalogs Accurate? - Susan's Coins Blog
One big beneficiary of the global financial crisis has been the rare coin market, according to Belinda Downie, the founder and managing director of dealer Coinworks.
The sharemarket crash prompted many investors to look for alternative investments and their attention turned to rare coins. Even as ...
Full Article: On the bright side of the coin - The Australian.com
Jim Laubach's coin shop brings his business career full circle.
As a 14-year-old, Laubach started making holders for coin collections out of his grandparents' basement, sometimes taking rare coins as payment.
Then he spent decades building Century Manufacturing into ...
Full Article: Coins more than business for dealer - Kansas.com
We are talking about true rarities and high grade drop dead monster coins (although we have not seen things like MONSTER MS68 Morgans). When is the last time you have seen any of these offered for sale more than once in the past few years? ... These are just RANDOM areas we could think of. Its nearly impossible to go to a major show today and see anything cool for sale. Even the major auctions...
Full Article: Is There Something Seriously Wrong With The Coin Market? - CoinLink
