Touching Precious Metals
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GEOLOGIC STUDY of SAND DEPOSITS in the STATE of MICHIGAN
GEOLOGIC STUDY of SAND DEPOSITS in the STATE of MICHIGAN Phase I - Final Report - 1978 Open File Report - OFR 78 03 Geological Survey Division Lansing, Michigan By S. Paul Sundeen Institute of Mineral Research Michigan Technological University Houghton, Michigan 49931 United States Army Corps. of Engineers Contract No. DACW35 - 78 - 0019 October 1978 Copyright © 2001 by the Michigan Department of Environmental Quality (DEQ) Geological Survey Division (GSD). The DEQ GSD grants permission to publish or reproduce this document, all or in part, for non-profit purposes. The contents of this electronic document (whole or in part) can be used if, and only if, additional fees are not associated with the use or distribution of this document and credit is given to the DEQ GSD and the author(s). This copyright statement must appear in any and all electronic or print documents using this file or any part thereof. INTRODUCTION..................................................................2 GEOLOGIC STUDY of SAND DEPOSITS ACKNOWLEDGEMENTS....................................................3 in the STATE of MICHIGAN, SUMMARY...........................................................................3 PHASE I GEOLOGY ...........................................................................3 INTRODUCTION General........................................................................3 Sand Deposits .............................................................4 Industrial sand, also known as quartz or silica sand, has a variety of uses, the most important -
Precious Metals Ira Investment Overview
PRECIOUS METALS IRA INVESTMENT OVERVIEW The trend of adding alternative assets to retirement portfolios has been steadily increasing throughout the fi rst decade of the 21st century. During volatile economic times, some investors seek to further diversify their portfolios by adding physical assets such as gold, silver, platinum and palladium. These investors may also be looking toward investing in gold and other precious metals as a hedge against infl ation or as stability during challenging economic climates. Although the Internal Revenue Code states that collectibles cannot be held in IRAs, certain precious metals that meet the requirements specifi ed in Section 408 of the Code may be held in individual retirement accounts and they are: Gold Coins Silver Coins Platinum Coins • American Buffalo • America the Beautiful • American Eagle • American Eagle • American Eagle • Australian Koala • Australian Kangaroo/Nugget • Australian Kookaburra • Canadian Maple Leaf • Austrian Philharmonic • Austrian Vienna Philharmonic • Isle of Man Noble • Canadian Maple Leaf • Canadian Maple Leaf • Mexican Libertad In addition to these coins certain gold, silver, platinum and Minimum fi neness required: palladium bars and rounds produced by a manufacturer Gold .995+ Silver .999+ accredited by NYMEX/COMEX, NYSE/LIffe, LME, LBMA, Platinum .9995+ Palladium .9995+ LPPM, TOCOM, ISO 9000 or a national government mint and meeting minimum fi neness may also be held in an IRA. GETTING STARTED WITH A PRECIOUS • E-mail a completed Precious Metals Purchase/Sale METALS IRA Direction, and a signed copy of the dealer Investors seeking to add gold, silver, platinum or invoice with payment instructions to palladium to their retirement portfolio are encouraged [email protected]. -
Articles of Precious Metals in Finland
1 Articles of precious metals in Finland guidebook Manufacture, import and sale jalometallituotteet – valmistus, maahantuonti ja myynti 2 Text: Tukes Photographs: Lauri Mannermaa, Pixhill (p.21) publication data Layout: Print Line Helsinki Oy, 2016 ISBN 978-952-5649-84-0 What are articles of precious metals? 4 Mutual Recognition and the Houtwipper Case 13 Requirements for articles on sale 5 International markings in a nutshell 14 Technical requirements 6 Lightweight articles without hallmarking 14 Finenesses and solders 6 Articles without hallmarking Fillings, glue and solder 6 exceeding weight limits for marking 14 Coatings 6 Assay offices 15 Articles with several precious metals Manufacture and import of articles or other materials 6 of precious metals 16 Nickel, cadmium and lead in jewellery 7 Sale of articles of precious metals 17 Marks on articles of precious metals 8 Internet trading 17 contents Marking 8 Weighing instruments used in trade 18 Weight limits of Marking 8 Applying for a responsibility mark 19 Mandatory Marks 8 Finnish Safety and Chemicals Agency (Tukes) 20 Voluntary marks 10 Surveillance of articles of precious metals Other marks and markings 10 in Finland 21 Replacing marks with a certificate 11 Further information 22 Products outside the scope of the legislation 11 Key to date marks in Finland 23 The Vienna Convention 12 finnish safety and chemicals agency (tukes) Introduction 3 Jewellery and other products made of precious metals Nowadays, EU legislation and principles are binding and have been a part of Finnish tradition since time immemo- have to be followed, but there are no harmonized require- rial. The assaying of articles of precious metals began in ments or legislation for articles of precious metals in the the Middle Ages, with the authorities starting to supervise European Union. -
INFORMATION BULLETIN #50 SALES TAX JULY 2017 (Replaces Information Bulletin #50 Dated July 2016) Effective Date: July 1, 2016 (Retroactive)
INFORMATION BULLETIN #50 SALES TAX JULY 2017 (Replaces Information Bulletin #50 dated July 2016) Effective Date: July 1, 2016 (Retroactive) SUBJECT: Sales of Coins, Bullion, or Legal Tender REFERENCE: IC 6-2.5-3-5; IC 6-2.5-4-1; 45 IAC 2.2-4-1; IC 6-2.5-5-47 DISCLAIMER: Information bulletins are intended to provide nontechnical assistance to the general public. Every attempt is made to provide information that is consistent with the appropriate statutes, rules, and court decisions. Any information that is inconsistent with the law, regulations, or court decisions is not binding on the department or the taxpayer. Therefore, the information provided herein should serve only as a foundation for further investigation and study of the current law and procedures related to the subject matter covered herein. SUMMARY OF CHANGES Other than nonsubstantive, technical changes, this bulletin is revised to clarify that sales tax exemption for certain coins, bullion, or legal tender applies to coins, bullion, or legal tender that would be allowable investments in individual retirement accounts or individually-directed accounts, even if such coins, bullion, or legal tender was not actually held in such accounts. INTRODUCTION In general, an excise tax known as the state gross retail (“sales”) tax is imposed on sales of tangible personal property made in Indiana. However, transactions involving the sale of or the lease or rental of storage for certain coins, bullion, or legal tender are exempt from sales tax. Transactions involving the sale of coins or bullion are exempt from sales tax if the coins or bullion are permitted investments by an individual retirement account (“IRA”) or by an individually-directed account (“IDA”) under 26 U.S.C. -
Nineteenth Century Platinum Coins an EARLY INDUSTRIAL USE of POWDER METALLURGY by Hans-Gert Bachmann and Hermann Renner Degubsa AG, Frankfurt Am Main, West Germanv
Nineteenth Century Platinum Coins AN EARLY INDUSTRIAL USE OF POWDER METALLURGY By Hans-Gert Bachmann and Hermann Renner Degubsa AG, Frankfurt am Main, West Germanv Powder metallurgy is the metallurgist’s platinum sponge which he was able to shape answer to the production of ductile metals of into objects, such as crucibles. This process high melting point by methods differing from remained in use until I 8 10. conventional melting and casting. The history In the meantime Wollaston produced the first of platinum, extensively and vividly recorded malleable platinum by a “wet” method. As early by McDonald and Hunt (I), gives examples of as I 80 I he solved the problem of how to get rid how platinum was worked into objects from of the impurities normally accompanying earliest times onwards. However, the first real naturally occurring placer platinum. By careful melting of platinum was achieved only as late as adjustment of the proportions of hydrochloric I 782, when Lavoisier successfully reached the and nitric acid in aqua regia, and later by using temperature of 1769OC necessary to melt this more dilute mixtures, he separated platinum metal on a very small scale with the aid of an from its associated palladium and rhodium. The oxygen torch (2). Three years earlier, Franz solution, containing only hexachloroplatinate, Karl Achard (1753--1821), whose contributions H2FtCI6, was subsequently treated with sal to metallurgy have only recently been fully ammoniac, resulting in a precipitate of realised (3), made use of the property of ammonium hexachloroplatinate, (NH4)dPtC16]. platinum to form low-melting point alloys with On heating this decomposed to platinum elements such as phosphorus, mercury and sponge, and thus an economical method was arsenic. -
Notes from Liberty *U.S.*U.S
LibertyLiberty Coin Coin Service Service Computer Computer Quotes Quotes 2PM 2PM EDT EDT 4.11.184.11.18 Spot Spot Prices Prices Item Item Qty Qty Fine Fine Wt Wt Price Price Cost/Oz Cost/Oz Premium Premium *U.S.*U.S. 1 1 Oz Oz Gold Gold Eagle Eagle 1010 1.00001.0000 1,399.501,399.501399.501399.50 3.1%3.1% Gold:Gold: $1,357.50$1,357.50 *U.S.*U.S. 1/2 1/2 Oz Oz Gold Gold Eagle Eagle 1010 0.50000.5000 729.00729.001458.001458.00 7.4%7.4% Silver:Silver: $16.79$16.79 *U.S.*U.S. 1/4 1/4 Oz Oz Gold Gold Eagle Eagle 1010 0.25000.2500 375.25375.251501.001501.00 10.6%10.6% Platinum:Platinum: $935.00$935.00 *U.S.*U.S. 1/10 1/10 Oz Oz Gold Gold Eagle Eagle 1010 0.10000.1000 154.20154.201542.001542.00 13.6%13.6% Palladium:Palladium: $972.00$972.00 *U.S.*U.S. 1 1 Oz Oz Gold Gold Buffalo Buffalo 1010 1.00001.0000 1,413.251,413.251413.251413.25 4.1%4.1% *U.S.*U.S. 1 1 Oz Oz Medallion Medallion 1010 1.00001.0000 1,383.251,383.251383.251383.25 1.9%1.9% Notes from Liberty *U.S.*U.S. 1/2 1/2 Oz Oz Medallion Medallion 1010 0.50000.5000 693.00693.001386.001386.00 2.1%2.1% By Allan Beegle LCS Chief Numismatist *Australia*Australia 1 1 Oz Oz Kangaroo Kangaroo 1010 1.00001.0000 1,420.001,420.001420.001420.00 4.6%4.6% March’s bullion and numismatic sales *Austria*Austria 100 100 Corona Corona 1010 0.98020.9802 1,350.501,350.501377.781377.78 1.5%1.5% soared from a dismal February. -
Direction of Investment – Precious Metals
T: 602.899.9396 www.directedira.com Direction of Investment – Precious Metals IMPORTANT INFORMATION Please ensure that your Account contains sufficient cash to cover: *All precious metals are held at Delaware Depository 1. Investment Service Company (“DDSC”) and should never be sent 2. Minimum cash balance requirement and; directly to Directed Trust Company. 3. Any applicable transaction fees. Purchasing/Liquidating Precious Metals Directed Trust Company is not a precious metals dealer. If you are interested in purchasing approved precious metals with your account, you must find a qualified precious metals dealer. Once you have identified the dealer you would like to work with and you have negotiated a purchase with a dealer (metal type, weight, etc.) please submit this form to Directed Trust Company and we will forward funds to complete the transaction. All precious metals are held at DDSC. At the time funds are transferred, Directed Trust Company will also include shipping instructions to the dealer so the precious metals can be shipped to DDSC and held by your account. Please be sure the amount indicated on this form includes any dealer commission, shipping, handling and insurance costs. Directed Trust Company will pass through any costs associated with precious metals storage to your Directed Trust Company Account. Value Reporting for Statements and Tax Purposes Directed Trust Company does not investigate the value of assets but will update the values quarterly and at year-end for tax reporting purposes. The Fair Market Value we provide on your account, on statements, and on IRS Form 5498 for your account is a bid price based on third party industry market data from CME Group, www.bullionvalues.org. -
Precious Metals IRA
CUSTODY SERVICES Precious Metals IRA Frequently Asked Questions The following Questions and Answers pertain to investing in precious metals in an IRA. They are not tax or investment advice, but are presented to help you identify issues (and opportunities) which can arise when investing in non-publicly traded alternative assets such as precious metals. Any specific IRA investment should be discussed with your tax or legal advisor. Is it possible to use IRA funds to invest in precious metals such Are there any limitations on as gold to further diversify my retirement portfolio? the amount of precious metals Yes. According to Internal Revenue Code (IRC) Section 408(m)(3)(A)(i-iv) and 408(m)(3)B) IRAs that can be held in my IRA? may invest in certain precious metal coins and bullion as listed below: It is entirely up to the individual to determine how much of a retirement portfolio to allocate GOLD COINS SILVER COINS PLATINUM COINS to physical precious metals. • American Buffalo • America the Beautiful • American Eagle • American Eagle • American Eagle • Australian Koala Can I contribute gold coins • Australian Kangaroo/ • Australian Kookaburra • Canadian Maple Leaf I already own to my IRA? Nugget • Austrian Vienna • Isle of Man Noble • Austrian Philharmonic Philharmonic No, nor can your IRA purchase any precious metals that you personally own. You are only • Canadian Maple Leaf • Canadian Maple Leaf allowed to contribute cash to your IRA in the • Mexican Libertad form of annual contributions or through Note: Gold and Silver coins that have undergone ‘certification’ also known as ‘slabbed coins’ rollovers from former 401(k) plans or transfers are not permitted to be held in IRAs. -
Methods for Determining the Gold Content of Jewelry Metals
By Meredit11 E. Mercer Verifying the gold content of karat-gold jew- n jewelry! the integrity of the metal is as impoitant as the elry is a problem for the entire industry. This identity and integrity of the gemstones (&re 1).The mis- st~~dycompares four widely available testing representation of gold content (l'underlzaratingll)has been a methods: de~~sity(measured by hydrostatic source of concern at all levels of the industry for literally hun- weighing),chemical reactivily (toz~chstone dreds of years. For the protection of retailers and consumers testing), capocilive decay (Tri-Electronics alilze) a testing method that can verify the gold content of fin- G-XL-18Gold Tesler),and X-ray fl~~oracence ished jewelry at point of sale is needed. Ideallyl this method (Seiko Ins~rumentsSEA 2001 Iewehy Assay System). The latter thee methods all proved would be rapid! simple! reliable! inexpensive! nondestructivel ~isefulw'thn certain limitations; hydrostatic and widely accepted by the jewelry industry. The study report- weighing was least szljtable. None of these ed here was conducted to determine whether existing methods methods reliobly determined gold conteni co~~ldmeet these requirements. Four testing methods cur- within the 3-ppt toler~znceallowed by U.S. rently used in the trade-density! che~nicalreactivityl capac- pl~zn?b laws. itive decay! and X-ray fluorescence-were applied to the same set of well-characterized reference standards and the results compared. Gold-testing methods SLIC~Ias fire assay! touchstone test- ing) and l~ydrostaticweighing have been used since antiquity. Tests for plated material include c~~tting)heating! and ringing (Oddy! 1983; Revere! 1990).Much worlz has been done on the development of analyses to detect very sn~allquantities of gold for mining (Yoq1980). -
Hallmarking Guidance Notes
HALLMARKING GUIDANCE NOTES PRACTICAL GUIDANCE IN RELATION TO THE HALLMARKING ACT 1973 INFORMATION FROM THE ASSAY OFFICES OF GREAT BRITAIN OCTOBER 2016 London Edinburgh Birmingham Sheffield Guaranteeing The Quality Of Precious Metals Since 1327 HALLMARKING GUIDANCE NOTES HALLMARKING GUIDANCE NOTES THE PURPOSE OF THESE HALLMARKING PRECIOUS METALS GUIDANCE NOTES WHY ARE PRECIOUS METAL ARTICLES The purpose of these notes is to give practical guidance in relation to the HALLMARKED? Hallmarking Act 1973 and subsequent amendments. No reliance must be placed on the document for a legal interpretation. The UK Assay Offices are happy to Silver, palladium, gold and platinum are rarely used in their purest form but answer questions arising from these guidance notes and on any articles or other instead they are normally alloyed with lesser metals in order to achieve a issues not specifically mentioned. desired strength, durability, colour etc. It is not possible to detect by sight or by touch the gold, silver, platinum or palladium content of an item. It is therefore a legal requirement to hallmark CONTENTS OF THIS BOOKLET: all articles consisting of silver, palladium, gold or platinum (subject to certain exemptions) if they are to be described as such. Contents Page The main offence under the UK Hallmarking Act 1973 is based on description. It is Hallmarking precious metals 3 - 17 an offence for any person in the course of trade or business to: Guidance on describing precious metals 18 - 19 • Describe an un-hallmarked article as being wholly or partly made of silver, palladium, gold or platinum. Contact details for UK Assay Offices Back Page • Supply or offer to supply un-hallmarked articles to which such a description is applied. -
Retirement and Precious Metals
ZANER METALS Retirement and Precious Metals Another part of Pete Thomas’s white paper reports on gold bars and coins designed to help the first-time consumers entering the Precious Metals asset class make the safest purchases. I owe a great deal to Matt Sorensen JD for writing such a great book on tax code and the usage of precious metals* in a qualified account. Between racing in the smaller formula car class, to being a Weapons Master for Paramount Pictures Studio, reading tax code somehow slipped by me, so I am very fortunate to have people around me that kept their nose to the grind stone. This aside, the hard and fast reality of the real world taught me that the tax man cometh and I must be prepared. Bearing this in mind, finding this tax book saved me a tremendous amount of research. The following excerpt is straight from the attorney that wrote the book on tax code and metals a Mr. Sorensen. Precious Metals must be stored with a licensed financial institution or trust company. Personal storage of precious metals owned by an IRA is not allowed. The Zaner Group – 150 S. Wacker Dr. Suite 2350 Chicago IL 60606 – 312.277.0050 Futures and/or OTC Market Trading Involves Substantial Risk of Loss ZANER METALS A broker-dealer, third-party administrator, or any company not licensed as a bank, credit union, or trust company may not store precious metals owned by an IRA. IRS Private Letter Ruling # 200217059. The most important idea that I want you to come away with from this article is that you cannot store your precious metals at home for your IRA and /or a 401K. -
Precious Metals Investment Authorization
Toll Free: 800-962-4238 PacificPremierTrust.com Precious Metals Investment / Transfer Authorization IMPORTANT INFORMATION Sending incomplete documents will delay the funding/transfer process. Please make sure the Pacific Premier Trust Account (“Account”) contains sufficient cash to cover the investment, minimum cash requirement and all applicable transaction fees. Before closing: Depository Trust Company of Delaware, LLC provides precious metals safekeeping and shipping services as an independent contractor of Pacific Premier Trust. Depository Trust Company of Delaware, LLC is not affiliated with Pacific Premier Trust. PURCHASING/LIQUIDATING PRECIOUS METALS: Pacific Premier Trust is not a precious metals dealer. If you are interested in investing in precious metals within your IRA, you must utilize one from the list of precious metals’ dealer’s. If the metals dealer is not on the list, your request may be delayed or rejected. Once you have identified the dealer you would like to work with and you have negotiated a purchase with the dealer (metal type, weight, etc.) please submit this form to Pacific Premier rustT so we can forward the appropriate funds to complete the transaction. Please accompany this Pacific Premier Trust form with the selected metals dealer invoice for the purchase. At the time funds are transferred, Pacific Premier Trust will also forward shipping instructions to the dealer so the metals will be shipped and deposited into your newly established Depository Trust Company of Delaware account. Please be sure the amount listed on this form is inclusive of any dealer commission, shipping, handling and insurance costs. Pacific Premier Trust will pass through any costs associated with precious metals storage to your Account.