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One of
America's oldest first-generation coin-and-currency
companies.
National distribution warehouse facilities
and corporate offices
based in Las Vegas, Nevada for over 47 years.
Mail-order sales nationwide.
Established 1956. LM
ANA 546.
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Jun. 21, 2007
Copyright © Las Vegas Review-Journal
WHAT TAX BULLION?
Collectors say
tariff on sold commodity too high; Congress plans debate
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By
BRIAN DUGGAN
STEPHENS WASHINGTON BUREAU
WASHINGTON -- Since
opening a bullion dealership in
Las Vegas 47 years ago,
Phil Carlino
has seen plenty of people invest in gold and silver.
These investors, worried that the dollar will someday
collapse, try to protect their equity by going into hard
metals, Carlino said. But apart from the doomsday crowd,
precious metals have sparked growing interest among
conventional traders.
Since 2004, investment
vehicles known as exchange-traded funds have helped create a
$14.6 billion gold trading industry, the
World Gold Council
reports. ETFs index commodities like gold and silver
and are traded on stock markets.
As for silver, from 2003 to 2005,
net investment grew from 15.4 million ounces to 77.2 million
ounces. An ETF for silver introduced in April 2006 has attracted
137 million ounces of silver, the Silver Institute reports.
Regardless of their growing popularity, when it comes to the
income tax on those precious metal investments, Carlino said
bullion investors are treated unfairly. The U.S. tax code
classifies precious metal bullion as a collectible commodity,
like fine wines and rare coins. So when it is sold, it is taxed
at a 28 percent rate, which is too high in the buyers' and
dealers' view.
"Our Congress talks to our nation
continuously about saving," Carlino said. "Well, we don't want
to punish the people who are saving."
Congress is preparing to reopen a
debate about the taxation of gold and silver, and other precious
metals like palladium and platinum. Nevada lawmakers are behind
bills that would reduce the tax rate on sales of precious metal
bullion to 15 percent, the same capital gains rate applied on
the sales of investments like stocks and mutual funds.
Have questions? Call Phil Carlino at 702.382.1469 or
702.431.9900.

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We are one of the
country's
largest, and busiest,
Carson City Silver Dollar
dealers.
Carson
City Morgan Dollars |
Fremont Coin Co., Inc.
Fremont Coin & Currency Co.
Fort Knox Gold & Silver Exchange
Carlino Silver Co.
702-382-1469, 702-431-9900
3375 Glen Avenue
#6
[Located in the
Fort Knox Building]
Las Vegas, Nevada 89121-1596 |
2008 Bald Eagle Proof Gold Coin
This
proof $5 gold coin obverse features two young eaglets resting on
a branch
in their natural habitat.
Limited production to a total
of 100,000 coins
|
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Click
here for
gold coins
 |
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Individually
Boxed
.999 One-Ounce
American Silver Eagles

American Eagle Silver Uncirculated
Coins are struck on specially burnished
blanks.
Each coin also bears the “W” mint mark reflecting its striking at the
United States Mint at West Point. |


St. Gaudens
American Gold Eagles
Canadian Gold Maple Leafs
Krugerrands, U.S. Currency
Morgan-Peace Silver Dollars
We Buy
More Because We Pay More™
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Click on Gold Dream™
photo below

Magnificent engraving! |
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American Buffalo Gold Proof One Ounce Coin

Maximum Mintage:
200,000 |

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.999
Silver
Art Bars |


Gold (U.S.), Gold (Canadian),
Gold American Eagles,
Krugerrands, St. Gaudens,
Type Gold,
Foreign Gold,
Platinum Eagles & Nobles,
Silver American Eagles,
Silver Dollars, Silver (U.S.),
Carson City Morgan Dollars,
United States Currency, Rare Coins, Type Coins, 90% Silver,
Las
Vegas Commemoratives,
Canadian Coinage,
Clad Proof Sets, U.S. Mint Sets,
U.S. Silver Proof Sets,
.999
Silver Rounds and Ingots,
Coin & Currency Supplies, Books,
Magnifiers, Loupes,
Gold and Silver Bezels,
Coin Key Chains & Key Bezels,
.925 Silver-Dice Key Chains,
.925 Silver-Dice Charms,
War
Memorabilia,
Sterling Silver |


Fremont Coin Co., Inc.
is one of the nation's oldest,
first-generation bullion sellers.
Call 702.431.9900
for
personalized
service.
Hotline: 702.384.1909
 |

Platinum
American Eagles
One ounce platinum coin
displays
the highest face value ($100)
ever to appear on a U.S. coin.
Their value to investors is not in
their face value, however,
but in their platinum content.

Platinum Uncirculated |
2008 First Spouse Series
One-Half Ounce Gold Proof Coin Elizabeth Monroe

This
marks the second year of the
First Spouse Gold Coin Series,
the United States Mint’s first coin series
to feature our Nation’s First Spouses. |
American Silver Eagles
1986-2008

In stock.
Specific years available. |

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The
American Buffalo 2008 Celebration Coin is the
first product to be introduced in the series and is being
launched in time for the
2008 Lunar New Year.
One ounce of 24-karat,
.9999 fine gold. |
90%
Silver

Dimes
Quarters
Halves
We buy bags of
90% silver.
Dimes. Quarters. Halves.
702.382.1469 | 702.431.9900 |
Paper
Money

Special BEP Star Packs
National Notes
BEP Star Packs
Low Serial Numbers
Fancy Serial Numbers
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Gold Krugerrands
 
1-ounce, 1/2-ounce, 1/4-ounce,
and 1/10-ounce available. |

We ship genuine
Canadian Mint Products

Canadian
Maple Leafs |
Fremont Coin Co., Inc.
buys & sells .999 silver bars!
Assorted
silver bars in stock.
1-oz, 2-oz, 5-oz. 10.oz, 100-oz.
JM, A-Mark,
Engelhard, & more!

Call 702.431.9900 today! |
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Daily Bullion
Prices on the CASH Market ...
24-HOUR
RECORDED BULLION QUOTES
'SPOT' PRICES
702-384-1909
Gold, Silver, Platinum
& Palladium
***All prices subject to
spot-market changes***
In stock.
Call Phil at 702-431-9900 to lock in your price! |
Established 1956. We are one of the nation's oldest,
gold and silver companies,
and one of the largest resellers
of Morgan and Carson City Silver
Dollars in
the country.
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