European court rules Bitcoin tax-free: Coin World Buzz

Coin World gives a quick look at what's happening in the world of numismatics
By , Coin World
Published : 10/29/15
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1. Big news for Bitcoin

In a ruling handed down on Oct. 22, the European Court of Justice made Bitcoin and other virtual currency alternatives tax-free, meaning they can be treated like traditional commodities.

CNBC reports that Bitcoin can now be bought and exchanged throughout the European Union without a VAT (value added tax). 

This is a significant step forward for Bitcoin, a virtual form of currency that allows citizens to exchange credits for goods and services.

The ruling comes after the Swedish Tax Authority appealed against a decision by the Swedish Revenue Law Commission, which barred a Swedish national from operating his online bitcoin exchange.

A similar ruling was announced by the U.S. Commodity Futures Trading Commission in September, making it a commodity along the lines of gold and oil.

Here’s what the ruling means for virtual currency moving forward

2. 'Napoleon’s Nation' on coins

Napoleon Bonaparte's Cisalpine Republic has a short and intriguing history, some of which was depicted on coins.

"Maps no longer feature a place by the name of the Cisalpine Republic, but metallic mementoes reflect the tiny nation’s turbulent times," Jeff Starck writes. "A silver scudo di lire sei (“scudo of 6 lire”) from Year VIII (1800) is one highlight from Stack’s Bowers and Ponterio’s Nov. 5 and 6 Baltimore world coin auction."

See the coins, learn more about the nations' brief history.

3. Rare coin jewlery in NYC exhibit

"Beyond being items of commerce and stores of wealth, they also can be objects of personal adornment. Since ancient times coins have been used in jewelry, and today, some of the finest and most expensive jewelry incorporating coins is produced by the Italian firm Bulgari."

The show runs from Oct. 15 to Nov. 22 at 730 Fifth Ave., New York City, which is Bulgari's flagship store. 

Have a look at a few of the 18 ancient coins.

4. Connect with Coin World:  

5. Precious metals pricing listed the following prices per ounce as of 4:50 p.m. ET Thursday:

6. Hot topics

Have a look at the three most-read stories of the last week on

  1. SS Central America shipwreck find astounds with gold: Q. David Bowers
  2. Check your 1998 American Eagles; they might be on wrong planchet: Guest Commentary
  3. Silver tetradrachms of Athens were the original trade coins

7. Something social

There has been plenty of news about Presidential dollars in recent years. (Lately that news has been concerning those of the Reverse Proof variety.)Here's the story behind the coin.

Posted by Coin World on Wednesday, October 28, 2015
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