CONA July 2015 Newsletter

July Meeting

When: 7 p.m., July 15,2015
Where: Oakstone Academy
939 S State St., Westerville, Ohio 43081

Topic: America’s Gold Rushes
Speaker:Gerry Tebben

July Presentation

A 12-year-old boy who skipped church to go fishing kicked off America’s first gold rush. Gerry Tebben will look at U.S. gold rushes and the coins they spawned.

June Presentation

Richard Keck, the former chief examiner for con- sumer finance for the State of Ohio, explained how the Ohio Precious Metals Dealer Act relates to the business of numismatics.

Ohio Sales Tax

Ohio is a half step closer to gaining a sales tax exemption for collectible coins and bullion. The Ohio House voted 81 to 11 to approve the exemption June 16 and sent it to the Senate for consideration.

“Ohio’s precious metal dealers are losing consider- able business because of the sales tax and the state is losing income tax dollars and other sources of revenue,” Rep. Ron Maag, a Lebanon Republican and sponsor of HB26, told The Columbus Dispatch.

He told The Dispatch that the American Numismatic Association and Central States Numismatic Society no longer hold their annual conventions in Ohio due to the sales tax implementation on metal bullion and investment coins in 2005. The conventions attracted thousands of people and generated millions in tourism revenues for the local economy.

According to a fiscal report on the bill, Ohio sales of precious metals were $101 million to $135 million in 2012.

By: Gerry Tebben

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