About the ICTA

The Role of ICTA in the Rare Coin and Precious Metals Markets

The Industry Council for Tangible Assets, or ICTA, was founded in 1983 and serves as the national trade association for all dealers, collectors, investors and others with an interest in rare coins, precious metals, U.S. and foreign currency and other numismatic and tangible assets. ICTA represents the numismatic and precious metals markets in Washington, D.C. to ensure that laws and other government regulations do not interfere with the activity of these markets in an excessive manner. Through important contacts that it has established in certain government circles, ICTA stays abreast of developments in the law-making process to ward off potential problems in the trading of rare coins and precious metals. Additionally, ICTA provides support to dealers and others to ensure compliance with critical laws and regulations, particularly in the areas of taxation and IRS regulations. Important accomplishments for ICTA over the years include sponsoring educational seminars for dealers on the IRS's cash reporting and anti-money laundering regulations, the achievement of sales tax exemption for numismatic items and precious metals in 24 states and, in conjunction with the Coalition for Equitable Regulation and Taxation (CERT), the 1997 restoration of precious metals bullion as an acceptable investment for certain retirement plans such as IRAs. ICTA's work in the final-listed area is ongoing as they struggle to have rare coins restored, a qualified investment in IRAs and other individually directed retirement plans. Through ICTA's tireless efforts and support, the rare coin and precious metals markets continue to develop and refine their activities in compliance with federal regulations, providing a measure of confidence to all those involved in the acquisition and sale of rare coins, precious metals and related tangible assets. As members of ICTA Morgan Gold supports these efforts.