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Sales tax break for Ohio coin sales eliminated


Michigan
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Oh my gawd! And so the backlash begins.

 

Where does it end? Federal inspectors regulating third party grading services? Complete Federal reporting of all coin transactions done at your local coin dealer and bourse floors? State registration and credentialing of numismatic dealers?

 

I know so far it is only at the state level, and in only one state, but it is directly tied to a federal campaign, and a large federal campaign rainmaker. The Feds are just waiting and watching till they crash the party.

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Oh my gawd! And so the backlash begins.

 

Where does it end? Federal inspectors regulating third party grading services? Complete Federal reporting of all coin transactions done at your local coin dealer and bourse floors? State registration and credentialing of numismatic dealers?

 

I know so far it is only at the state level, and in only one state, but it is directly tied to a federal campaign, and a large federal campaign rainmaker. The Feds are just waiting and watching till they crash the party.

 

 

 

It could very well come to the feds regulating the grading services.

 

Since the Ohio coin fund was using the grading services as part of their investment

strategy they could find themselves being labeled as an "unregulated"

investment vehicle and come under some kind of govt. oversight.

 

If the political donations from Noe were coming out of money from the coin

fund then things could become very ugly for the coin business in general

especially since coins have been touted as an "investment" for quite

some time now. Angry politicians being charged with accepting illegal donations

from an investment fund that was investing money in an unregulated

business....... it is not a pretty sight and I would not be surprised to see

legislation introduced in congress to crack down on how the grading services

do business and dealers in general who tout coins as an investment.

 

 

This might play itself out over the next couple of years.

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