user_7361's Blog

22 Jul 2016

Silver Queen Strikes again

Coins-United States | user_7361

I enjoy collecting coins and old currency, just as the rest of you do. I have a large variety of nice coins and paper currency in my collection but lately I have developed a taste for collecting junk silver coins. Every time I make a purchase to add a coin to my collection I have to buy some junk silver as well. I have become an junk silver addict and now I'm known as the "Silver Queen" amongst my fellow collectors. I walk into my local coin dealer and when they see me coming through the door they automatically pull the junk silver tray out for me and put it on the counter. Yes, even the local coin dealer knows I'm a junk silver addict.I always get teased and told I have a nose on me that can sniff junk silver out miles away.Does anyone else out there like junk silver coins too? Please share your story.

12 Mar 2015

Taxing Investment Metal Bullion and Investment Coins in Pennsylvania

Coins-United States | user_7361

I just wanted to let everyone know what is cooking up in the state of Pennsylvania. Our new Govenor Tom Wolf is trying to help fund education and also help the homeowner by reducing the property tax. Sounds good, right? Wrong. So one of the things he wants to do is increase the sales tax from 6% to 6.6% to help out. To our current sales taxable items he wants to add more items to the list to be taxed. So I did my research and homework and found the new items he plans on taxing along with his sale tax increase. He now wants to start adding sales tax when purchasing investment metal bullion and investment coins. We went all this time without sale tax on these items. In talking with a local coin dealer, who lives in the neighboring state of Maryland, he came to the state of Pennsylvania because we don't charge the sales tax on these items. Right now the sale tax hike is only proposed and will need to pass in order for all this to take place. I hate to see a hobby of collecting investment coins and investment bullion now be taxed. I'm concerned this will drive many people away from the hobby.

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