Sydney Martin Sale Newp

messydesk

Picked this up at the recent SB sale of Hibernia coinage. Got surprised with an additional 10% vig for the State of Illinois, since, apparently these aren't tax exempt due to being privately struck (although arguably issued by the Crown since they were made under a royal patent). Anyway, it looks far nicer than the SB or TV images. Anyone else pick up stuff from his recent sales?

golden

Nice coin.

U1chicago

Nice addition!

I also had the 10.25% sales tax applied back in 2020 when buying a token from Stacks. That’s when I learned that anything that isn’t considered a coin or bullion (token, medal) gets taxed.

messydesk

@U1chicago said:
Nice addition!

Thanks!

I also had the 10.25% sales tax applied back in 2020 when buying a token from Stacks. That’s when I learned that anything that isn’t considered a coin or bullion (token, medal) gets taxed.

There's a big gray area in what can be considered a coin. The Illinois statute refers to "coinage issued" by a government, whereas Stack's interprets that as coinage struck by a government. These were struck under George I's authorization to be used as coinage in Ireland (not so much the Rosa Americana pieces). Would Fugio cents be taxed as privately struck under a government contract? How about modern stuff from the Pobjoy mint that was contracted to strike coinage for assorted countries without their own minting capabilities? Dunno, but l should probably get clarification somehow so that I can know when I'm going to owe a 10+% vig to the bad guys.

U1chicago

@messydesk said:

@U1chicago said:
Nice addition!

Thanks!

I also had the 10.25% sales tax applied back in 2020 when buying a token from Stacks. That’s when I learned that anything that isn’t considered a coin or bullion (token, medal) gets taxed.

There's a big gray area in what can be considered a coin. The Illinois statute refers to "coinage issued" by a government, whereas Stack's interprets that as coinage struck by a government. These were struck under George I's authorization to be used as coinage in Ireland (not so much the Rosa Americana pieces). Would Fugio cents be taxed as privately struck under a government contract? How about modern stuff from the Pobjoy mint that was contracted to strike coinage for assorted countries without their own minting capabilities? Dunno, but l should probably get clarification somehow so that I can know when I'm going to owe a 10+% vig to the bad guys.

I think they might be hedging towards taxing more rather than not taxing enough (same as eBay did initially and still does in certain cases to this day). I did win a Libertas Medal at one point along with some US coins and that surprisingly was not taxed (maybe because it was a US coins auction and they forgot to apply the tax).

RobertScotLover

Nice looking almost ancient

OAKSTAR

👍 👍

johnny9434

Way cool, I like 👍

pruebas

I found PCGS graded many of his coins rather “exuberantly,” so I didn’t buy much.

I picked up this one earlier this year. Fully intact bronzing, though slightly stained.