National Coin & Bullion Association

We have an array of different committees that let members get involved in the causes that matter to them. Whether that’s helping select recipients of NCBA’s annual YN Scholarship, developing new and innovative ways to attract new members, or advising Congress on the adoption of commemorative programs, we have opportunities for a wide range of activities. Take a look at the Committees page on our website to see new ways to get involved!

Our Cash-Reporting Kit helps dealers understand the federal cash-reporting rules and related anti–money laundering (AML) requirements. It explains when transactions must be reported to the US Department of the Treasury and provides tools to help dealers recognize and comply with reporting obligations. This information is intended for use alongside the advice of your professional tax advisor. Available at a discount for NCBA Copper and above members!

Good news for Maryland precious metals buyers!

Governor Wes Moore has signed Senate Bill 309 into law, expanding the sales-tax exemption for qualifying bullion and coin purchases.

The exemption now applies to purchases made anywhere in Maryland (the $1,000 minimum still applies). This will make it easier for investors and collectors to buy locally and support Maryland coin shops and dealers.

The bill passed both chambers unanimously on April 10, 2026, thanks to strong advocacy from the National Coin & Bullion Association and the Sound Money Association of Maryland.

New Mexico is one of the few remaining states with no sales tax exemptions for any form of numismatic material. Coins, bullion, and paper money are all currently subject to the state’s 4.875% sales tax. We hope to change that in the coming years!

Since our establishment in 1983, we have developed important relationships with many government agencies—in fact, they often contact us for input from our industry before laws and regulations are finalized. Through our work with these agencies, we sometimes obtain critical, industry-specific clarifications that we make available to our members. Some of these clarifications are available exclusively through NCBA—even an IRS examiner may not have access to these documents. Members can find these resources in the Knowledgebase on our website once logged in!

Pat Heller, our Industry Issues Advisor, began collecting coins at the age of 11. In 1981, he became president of Liberty Coin Service in Lansing, Michigan, where he now serves as communications officer. In the late 1990s, Pat led the successful effort to establish a precious metals bullion and coin sales tax exemption in Michigan. He later documented that the resulting industry growth enabled the Michigan Treasury to replace and collect more than 100% of the tax revenue eliminated by the exemption. This research has since been used—often alongside Pat’s personal appearances before legislators and state officials—to help gain, expand, or restore comparable sales tax exemptions across the country.

Pat has also contributed significantly to numismatic education by speaking to more than 100 school classes and teaching coin collecting to Scouts, 4-H groups, and visitors at the Michigan Historical Museum. From 2007 to 2019, Pat served on the ANA Finance and Budget Committee, including most years as committee chair. For NCBA, he served on the board of directors from 2002 to 2022 and as treasurer from 2002 to 2019. He is now a valued member of our staff!

Welcome aboard to our newest members!

Copper
- Waldemar Opalka, Southern Cross Advisors (FL)

Concerned Collectors Coalition
- Sky Kent (FL)

Building on the momentum and relationships established during last year’s Hawaii State Numismatic Association Coin Expo, we are now preparing a coordinated statewide campaign to introduce and pass GET-exemption legislation in the 2027 session. We are re-engaging the original sponsors of HB 1724 from 2024, along with other supportive lawmakers, and we are actively seeking Hawaii-based leaders and grassroots advocates who are ready to help move this bill across the finish line.

If you live in Hawaii and would like to get involved—whether by serving as a local coordinator, testifying, contacting legislators, or simply helping spread the word—please contact us!

Jimmy Hayes has generously committed to donating all profits from his recent publication, Each New Beginning: An Illustrated History of Official Inaugural Medals and Ribbons, to NCBA’s mission.

This is the most comprehensive work ever published on official U.S. inaugural medals, spanning 760 pages across three volumes. The set is available to order now for $375 plus shipping! Each purchase includes all three hardcover volumes with more than 1,500 full-color images.

Order now at the link in our bio!

Late last year we released updated versions of two key white papers — “Understanding Reportable Items and Approved Brands for Precious Metals Contracts” and “Navigating IRS Form 1099-B Reporting: Guidelines for Precious Metal Dealers” — reflecting the latest IRS clarifications on reporting obligations for precious metals dealers. We strongly encourage all dealer-members to download the updated versions by signing in at ncbassoc.org and navigating to Resources > Knowledgebase > Broker Reporting > Files.