I am happy report that the future of numismatics in Maryland is much more secure than at the time of my last report thanks to changes made in the Budget Reconciliation and Financing Act (BRFA). As you may recall, the Governor’s proposal would have eliminated the sales tax exemption that currently applies to numismatic transactions of $1,000 or greater. After testimony (including from Whitman Publishing and yours truly), the three legislative committees considering the BRFA eliminated the proposed repeal of the sales tax exemption.

There are a number of other activities going on this spring. Bryce Doxzon managed the exhibits at the Whitman Expo earlier this year. Larry Goldman has lined up Donald Kagin to speak during the summer Whitman Expo (see page 6). The talk, which will be held at the Baltimore Convention Center at 2 PM on June 29, is entitled “Our Nation’s First Circulating Currency: the Treasury Notes of 1812”––a nice tie-in to the Sailabration events to commemorate the 200th anniversary of the War of 1812 that will be held at Fort McHenry and at several points around the Inner Harbor from June 13-19.

Speaking of Fort McHenry and the War of 1812, Don Curtis, Scott Barman and myself were on hand for the event to launch sales of the Star Spangled Banner commemorative coin. The event was held at the Fort McHenry Visitor Center on March 5 and featured a number of dignitaries including Governor O’Malley, Senator Cardin, Congressmen Ruppersberger and Sarbanes, a representative of the Mint, and Tina Orcutt, Superintendent of Fort McHenry for the National Park Service. There are silver and gold coins available. A portion of the proceeds will support the cost of Baltimore’s Sailabration event. Don and I, sporting our red jackets, had our picture taken with the Governor who was holding a framed sample of the coins, and Congressman Ruppersberger who introduced the authorizing legislation.

Frank Murphy, MSNA President