Greetings Sfilzen:
Stack's Rare Coins, http://www.stacks.com/history2.htm, is located at
123 West 57th Street, New York City, and has been in business since
the 1930s. Phone is 212-582-2580 and fax is 212-245-5018 or 582-1946.
Email is Info@Stacks.Com
Stack's performs auction services for collectors and would no doubt be
able to recommend you to some reputable and respected coins dealers in
the NYC and NY areas.
Also, the American Numismatic Society in Manhattan is located on
Broadway between 155th and 156th Streets. Phone is 212-234-3130, fax
is 212-234-3381 and email is info@amnumsoc.org. Thier website is
http://www.amnumsoc.org. They probably have a comprehensive list of
certified and bonded coin dealers in the area.
The email contact for the New Jersey Numismatic Society is
smiddletoy@aol.com
In Connecticut, I located three contacts for coin clubs (shown at
http://www.money.org/ct.html):
--East Hartford
CENTRAL CONNECTICUT COIN CLUB OF MANCHESTER
c/o Peter Moon
276 Burrows Hill Rd
Amston, CT 06231-1224
860-228-5258
CONTACT Peter Moon
276 Burrows Hill Rd
Amston, CT 06231-1224
860-228-5258
ANA CLUB
REPRESENTATIVE Peter Moon*
MEETING
INFORMATION Monthly, 1st Tuesday, 7:00-9:00 pm
except for July and August
East Hartford Public Library
840 Main St
East Hartford, CT 06108
Specialties: 038 U.S.
Rev 11-13-98 Y; 05-03-2000 Y; 04-10-2002 E
--------------------------
--Middletown
MIDDLESEX COUNTY NUMISMATIC SOCIETY
632 Wiese-Albert Road
Higganum, CT 06441
CONTACT Allan Tonkowicz
632 Wiese-Albert Road
Higganum, CT 06441
860-345-2399
ANA CLUB
REPRESENTATIVE Allan Tonkowicz*
MEETING
INFORMATION 7:00pm 2nd Wednesday every month except July and August
The Hartford Courant
373 East Main St
Middletown, CT 06457
Specialties: 036 Silver dollars, 037 Tokens and/or medals
Rev 03-16-2001 Y
--------------------------
--New Canaan
FAIRFIELD COUNTY NUMISMATIC ASSOCIATION
c/o John Schwartz, Treasurer
PO Box 832
New Canaan, CT 06840
203-854-7886
CONTACT Ed Galligan
PO Box 399
Bridgewater, CT 06752
856-225-4623
E-mail: egalligan7@aol.com
ANA CLUB
REPRESENTATIVE Joseph F. O'Brien*
90 Maple Street
Seymour, CT 06483
203-888-3112
Specialties: 033 Paper Money (obsolete), 034 Paper Money (U.S.), 043
World Coins
Rev 07-08-2002 Y
I located Sam Sloat Coins in CT, in business since 1961 -
http://sloat.coinnet.com/
606 Post Road East
Westport, CT 06880
Toll Free: 800-243-5670
Fax: 203-454-5578
E-Mail: sloat@megapathdsl.net
Coin dealers listed at http://www.coincrazy.com/pages/Coin_Dealers/
New York (30): http://www.coincrazy.com/pages/Coin_Dealers/New_York/
New Jersey (11): http://www.coincrazy.com/pages/Coin_Dealers/New_Jersey/
Connecticut (6): http://www.coincrazy.com/pages/Coin_Dealers/Connecticut/
+++++++++++++++++++++++++++++++
As for local and state taxes, you would need to contact the New Jersey
and Connecticut dealers to see if they charged tax to out-of-state
residents. I located no shop advertising this in your stated areas.
Ordering online or by mail from the Channel Islands seems to be a
tax-free way but you may not want to take that route. I also
discovered a couple of UK locations for tax-free purchases but they
were also not in your stated areas.
I hope the leads I have provided will assist you in obtaining the
coinage you seek. Should you need clarification of any of the
information or links I have provided, please request it and I will be
happy to respond.
OTHER LINKS THAT MAY BE OF INTEREST:
Knowing Collectible Sales Tax Laws Can Save You Money
http://www.psestamp.com/articles/article619.chtml
From http://www.collectors.com/join/payment_terms.chtml?universeid=273
"Coin purchases over $1,000 are exempt from California sales tax. To
qualify for this exemption, the purchase must be from a single auction
or eShop invoice. Coin purchases may not be added together or combined
with other non-coin items in order to qualify for the sales tax
exemption."
Law and Coins by David L. Ganz
http://www.numismedia.com/law/99-4-19.shtml
He writes "About 20 states either have no sales tax or exempt
numismatic transactions outright, provided a minimum transaction
(typically $1,000) is reached" and his bio on the page reads in part
"He is the author of several books on coins including The World of
Coins & Coin Collecting (3d edition, 1998, Bonus Books), and Planning
Your Rare Coin Retirement (Bonus Books, 1998), and many law review
articles and other articles involving coins, the law, and other
topics. His firm is located at 1394 3rd Avenue, New York N.Y. 10021
telephone 212 517 5500 fax 212 772 2720, email DavidLGanz@aol.com."
I would suggest you contact Mr. Ganz to ascertain in which states you
can buy coins and pay no tax. He didn't list the states in his
article. he also outline a few ways that the coin collector can save
on expenses - a very interesting article. Other articles authored by
him on coin collecting are located at
http://www.numismedia.com/law/archive.shtml
SEARCH STRATEGY:
numismatic society new york city
american numismatic society connecticut
american numismatic society new york city
american numismatic society new jersey
certified coin dealer new york city
certified coin dealer new jersey
certified coin dealer connecticut
numismatic directory new york
numismatic directory new jersey
numismatic directory connecticut
new york certified coin exchange
new jersey certified coin exchange
connecticut certified coin exchange
purchasing coins tax free
tax exempt coin purchase united states
tax exempt coin purchase new york
tax exempt coin purchase new jersey
tax exempt coin purchase connecticut |
Clarification of Answer by
journalist-ga
on
23 Feb 2003 15:43 PST
I have just sent an email to David Ganz asking if there still exists a
way to accomplish your purchase tax-free in New York, New Jersey or
Connecticut. I appreciate your patience while I wait for his
response.
One way you may accomplish it is to apply for a tax number and become
a "vest pocket" dealer. Mr. Ganz mentions this in the article link I
provided above - http://www.numismedia.com/law/99-4-19.shtml. Many
collecters go this route to avoid sales tax up front however you would
need to meet the resale minimum per year in NY and make sure your
"sales" each year to fall within the prescribed amount as a buyer.
Mr. Ganz wrote in the article "Right now, sales tax is collected in
about 31 states on the purchase of various numismatic items. Fewer
states collect tax on bullion transactions involving silver, gold or
platinum. About 20 states either have no sales tax or exempt
numismatic transactions outright, provided a minimum transaction
(typically $1,000) is reached."
He also wrote "Presently, under existing law, the buyer has the
obligation to report the sale, and to pay the tax...Nearly all states
have an exemption for sales tax on purchases that are made for resale.
Typically, a resale certificate is required. Some states utilize a
standard form in which the purchaser declares that the item is
intended for resale. Other states have other more stringent
requirements. If a buyer or a collector intends to eventually resell
the item, there may be a substantial advantage to becoming a
vest-pocket dealer and making the purchase for resale."
I have sent him an email to ascertain if NY, NJ or CT has any other
way besides the above to avoid the tax at purchase. I have known a
few people who "dealt" in antiques this way to avoid sales tax. They
would make only a few "sales" a year to comply with the sales tax
guidelines. Could it be this type of arrangement you recall hearing
about?
I hope Mr. Ganz responds and, again, I appreciate your patience.
|
Clarification of Answer by
journalist-ga
on
24 Feb 2003 13:18 PST
No response yet from Mr. Ganz. I still hope to hear from him and I
will keep you posted.
I did locate a document from a credit card site that read in part
"Gold and/or silver coin sales in ANY amount are EXEMPT from tax in:
Arizona, Idaho, Illinois, N. Dakota, Ohio, Rhode Island, Utah and
Washington. (A.E. and M.L.). Gold and/or silver coin sales having a
retail value of $1000 OR MORE are EXEMPT from tax in: California,
Connecticut, Louisiana, Massachusetts, Maryland and Texas."
From http://216.239.37.100/search?q=cache:HSixnW3vGXIC:www.3merge.com/memberssite/files/forms/update/po.pdf+tax+exempt+gold+new+jersey+purchase&hl=en&ie=UTF-8
The mention of Connecticut lead me to:
Under "GOODS AND SERVICES EXEMPT FROM THE SALES AND USE TAXES" at
http://www.drs.state.ct.us/pubs/SN's/1995/sn955.html:
"Sales and use taxes do not apply to the sale, rental or lease of the
following goods delivered on or after the date noted or to the
following services rendered on or after the date noted, regardless of
the date of payment."
Then on down is "EFFECTIVE JULY 1, 1996 - Rare or antique coins (1995
Conn. Pub. Acts 160, §44)." This also appears at
http://www.drs.state.ct.us/pubs/SN's/1996/sn963.html
So it appears there is a provision in the Connecticut law for the
purchase of rare or antique coins.
SEARCH STRATEGY:
tax exempt coins connecticut purchase
1995 Conn. Pub. Acts 160, §44
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