Zebo

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About Zebo

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  1. Very interesting article - thank you for sharing.
  2. I forgot - I do have a few moderns that I like!
  3. I'm not one for modern coins. I don't like colored coins, or oddly shaped ones. I like classic designs. I bought one once because the mint used a new technology that I wanted to see in hand. I saw it and I sold it. I even made a few bucks. It seems as if Most of the forum members do not care for NCLT coins for understandable reasons. I believe that you should collect what you like, however. So for you modern collectors, show us your favorite coin and why you decided to collect it? A little variety might be nice - we usually show off the old, now how about the new. If there is a new technology involved - please explain it to the rest of us.
  4. Or --- start slow, learn a little about what you have. Then come up with a plan. why not keep some as a collection in tribute to your father. Sell some, buy others and build your set. Learn as you go. Your father has given you the seeds for a fantastic journey - if you put forth the effort. You'll be surprised to find out where it takes you.
  5. The title changed - only meant to spur discussion.
  6. I actually like upper New York. Some beautiful places. I visit there fairly often. I just don't like the idea of additional taxes every time you turn around. No offense meant to California or New York. Mohawk - as a peace offering:
  7. Coin Dealers Brace As States Begin Implementing Sales Tax Collections By Industry Council for Tangible Assets Below is a rundown on the latest sales tax collection updates following the landmark Wayfair Supreme Court Ruling last summer. The decision, allowing states and municipalities to collect taxes on interstate transactions of services and goods ( including those pertaining to the coin industry), is having ripple effects across the United States. California — Using an existing “long arm” statute passed prior to the Wayfair decision, the State of California issued regulations for collection of sales taxes (minimum of 7.25%, or higher depending upon locality of the buyer) imposing collection by out of state sellers beginning April 1, 2019. At the same time, new legislation was introduced to consider state tax collection and out-of-state seller registration based upon the Supreme Court decision. Assembly Bill 147 is a start and will be subject to substantial additions according to its author. Bill 147 defines a “retailer” subject to sales tax collection for sales to California as anyone who sells over $500,000 of defined property delivered to California in a calendar year. Much more will be added to the legislative efforts. So far, the California bullion and numismatic exemptions have not been targeted, but there is no assurance of their continued status. New York – New York issued its “online sales tax rules” that require remote sellers to register with the state, including bullion and numismatic sellers despite the exemptions. There is a concern that registration could lead not only to initial filing fees and expenses but provide a target list for “exemption” repeals efforts. Texas – Texas has filed legislation because of the Wayfair decision that would define a remote seller as “a person who makes more than two deals of taxable items during a twelve-month period.” Although there have been no filings seeking the repeal of the Texas broad bullion and numismatic exemptions, the definition is troubling as is the legislation’s provisions allowing the comptroller to issue regulations which could include out of state dealer registrations despite exemptions. States Targeting Numismatic Sales-Tax Exceptions Nebraska – The legislation filed in Nebraska uses the removal of current sales tax exemptions on bullion and numismatic sales in order to provide a “pay for” of costs related to the legislation’s spending initiatives. The bill appears to be low priority. However, the use of the repeal of the exemption as a “pay for” means that legislative staff has identified the exemption for repeal in order to fund a spending initiative and probably grossly exaggerate the value of such a repeal, ignorant of the low profit margin on bullion sales. Washington – Legislation (Washington State SB5658) was filed to repeal the existing bullion exemption from sales tax collection. Dan Duncan (Pinnacle Rarities, Olympia, Washington) and several dealers and interested parties are working with ICTA’s informational assistance to contact key legislators in the effort to prevent the legislation from becoming law. New State Exemption Efforts Arkansas – A group of coin-business owners led by Paul Mason (Mason’s Coin and Pawn, Hot Springs, Arkansas), Dan Hedges (Auroinc Industries, Little Rock), and Tom Poole (Northeast Arkansas Coin Co., Jonesboro) has engaged lobbyist Len Pitcock (Perimeter Group, Little Rock). The lobbyist quickly secured a senator to sponsor and introduce a bill to exempt sales-tax on coins, currency, and precious-metals bullion. Senate Bill 389 is now in the Senate Revenue and Tax Committee where the bill will be heard early next month, including ICTA testimony. Tennessee – The Tennessee Precious Metals, Coin & Currency Coalition led by COL Steven Ellsworth, ret. (Butternut Coins, Brentwood, Tennessee), has retained lobbyist Erica Vick (Bass, Berry & Sims PLC, Nashville). Senate Bill 457 and House Bill 992 have been filed by key legislators and the outlook is very good for passage of this legislation. The text of these bills is a broad exemption of sales-tax on “all coins, currency and bullion” and covers both bullion related products and numismatic items. Kansas – Dean Schmidt (Dean Schmidt Rare Coins, Atchison, Kansas) is leading an ongoing sales-tax exemption effort with a lobbyist. Senate Bill 13 includes a sales tax exemption provision for gold and silver coins and bullion and House Bill 2093 provides a sales tax exemption for sales of currency, certain coins and bullion. Schmidt testified in support of both bills at their respective committee hearings. SB13 has been referred to the Select Committee on Federal Tax Code Implementation. The House Taxation Committee recommended that HB2093 be passed. SB13 with multiple provisions stands a better chance than the HB2093 standalone bill to pass. Regardless, the consensus is very good for the passage of either bill.
  8. Friday was a partially snowy/rainy day. This may have led folks to say home and not attend the show. This was actually enjoyable because I took a little time talking to some people. Usually I am in a rush to cover all the tables and drive home before rush hour begins. I ended up selling a few coins and while I was only looking to pick up a sovereign or two, I wish that I took the time to expand my search into other areas. There just wasn't enough time. One of these days I'll have to stay longer. I enjoyed meeting Star City Homer and Zohar among others. Sorry to hear that jgenn wasn't able to make it. I walked into an interesting conversation between a couple of dealers talking about the PBS series Victoria. I collect sovereigns including the Victoria series so I had some fun with it. As for new pickups - I found a few nice sovereigns, but they were duplicates. One that I ended up purchasing for a decent price, is a rare (I'd call it scarce) 1858 sovereign. This has the fourth lowest mintage of all London Victoria shields. While not all that attractive, it is a decent grade and for the price... The show was well organized and is always worth attending.
  9. If you are interested in purchasing raw or graded sovereigns; or you are looking to sell high grade or scarce/rare sovereigns; or you would like to trade sovereigns please send end me a PM.
  10. Exactly! If you are collecting something - I would hope you know how to spell it. But then, I get sloppy once in a while myself!