Since 1983, [NCBA] has been our eyes and voice in Washington, DC. Without [NCBA], the industry and hobby are subject to the whims of legislators, regulators, and bureaucrats who are eager to appease whatever special interest group gets their attention.
—Terry Hanlon, President, Precious Metals Division, Dillon Gage, Inc. of Dallas
The National Coin & Bullion Association (NCBA) works to prevent laws and regulations that would interfere with your ability to do business, are excessively burdensome, or both. NCBA also actively proposes laws and regulations that would benefit both the hobby and the industry. Equally important, NCBA educates dealers on compliance with existing laws and regulations. Much of our effort is directed toward issues of taxation and other IRS requirements.
Since its establishment (as the Industry Council for Tangible Assets) in 1983, NCBA has developed important contacts within many government agencies—in fact, they often contact us for input from our industry on laws and regulations before they are finalized. In our work with these agencies, we sometimes obtain critical, industry-specific clarifications, which we make available to our members. Some of these clarifications are available only through NCBA—even an IRS examiner may not have these documents.