What precious metals are in Ohio?
Beautiful and colorful crystals of such minerals as calcite, celestite, pyrite, selenite gypsum, and sphalerite, among others, can be found along with small flakes of gold, colorful flint, and rare meteorites and diamonds. Minerals occur in a variety of areas in Ohio in association with sediments or sedimentary rocks.
Does Ohio charge sales tax on precious metals?
Ohio has ended the unfair practice of taxing citizens who are simply exchanging one form of money for another. The nine states that still tax the monetary metals are increasingly embarrassing themselves. Ohio is the second state this year to remove its sales tax from precious metals purchases.
What does OPM gold mean?
The 1 oz Ohio Precious Metals (OPM) gold bar contains 1 troy ounce of . 9999 fine gold. These bars are produced by OPM Metals, which is located in the state of Ohio within the United States. In terms of cost effectiveness, these bars are a premier choice among 1 oz size gold bars on the market today.
Is NTR metals still in business?
On March 17, Elemetal issued a press release saying that they were cooperating with the government’s investigation, and formally closed NTR Metals Miami (which makes sense, as most of their key employees were gone).
Are there diamonds in Ohio?
Since diamonds occur primarily in igneous rocks, which are not found at the surface in Ohio, they do not occur in this state’s surface bedrock. At least six diamonds have been found in Ohio in sediments deposited by glaciers of the Pleistocene Ice Age.
Where is gold found in Ohio?
Gold can be found in small quantities throughout the glaciated two-thirds of Ohio. Most reported occurrences are in the zone of Illinoian and Wisconsinan end moraines—areas which commonly mark the farthest advance of these ice sheets. The highest concentra- tions of gold appear to be associated with Illinoian deposits.
Is gold taxed in Ohio?
Ohio Gov. Mike DeWine recently signed a bill into law exempting gold and silver bullion and coins from sales tax.
Is there silver in Ohio?
Unfortunately, like every other state in the union, Ohio does not hold any of its reserves in gold and silver. While Ohio may not hold its reserves in gold and silver yet, Tennessee is setting an example by considering legislation that would allow for this.
Are NTR silver bars good?
NTR Bars As An Investment Silver has long been a viable and strong investment option. Plus, NTR Metals is one of the best mints. They mint 30 million pounds of metal every year. Their offerings range from silver and gold to platinum, palladium, and several other precious metals.
What happened to NTR Metals?
According to news reports, Elemetal shuttered the NTR Metals Miami operation after the charges were disclosed, and said in a press release that it was cooperating with the government investigation.
Is there gold in Ohio creeks?
Ohio Gold Finds There are several creeks within the county that are known to produce gold, including Honey Creek, Friends Creek, and Leatherwood Creek. There are known placer gold deposits in Stonelick Creek in Clermont County as well. Prospectors have reported gold in Ross County as well in many of the creeks here.
What kind of Business is Ohio precious metals?
Ohio Precious Metals was a gold, silver, platinum and palladium refiner and private mint producing a range of different bullion products. It also provided services to the jewelry industry including precious metal recycling and stone removal. The mint was founded in 1974.
How big are Ohio precious metals gold bars?
Shown below is a pair of 1 kilo fine gold bars by OPM. The mushroom image is a commonly imprinted feature of OPM products, as is the recycled logo. Finally, here is a 100 ounce silver bar created by Ohio Precious Metals. It also features the recycle logo, signifying it was manufactured using reclaimed silver.
Why was Ohio precious metals forced to shut down?
As a result of the scandal, Elemetal and its related companies, including Ohio Precious Metals, lost the good delivery status of its gold bullion. The gold refining operation at Ohio Precious Metals, one of four in the United States, was forced to shut down with most of its 280 employees losing their jobs.
Is there a sales tax on gold in Ohio?
The state previously exempted the sale of gold and silver bullion from the sales tax, but the legislature passed a bill levying a sales tax in 2019. As a result, there was reportedly an exodus of small businesses, coin conventions, and investment activity from Ohio. Rep. Kris Jordan (R) and Rep. Riordan McClain (R) pushed for the tax repeal.