Tina Bellanca

Tina Bellanca

Wednesday, 20 January 2016 21:25

PNG Calls For 2016 Award Nominations

            (Temecula, California) -- Nominations now are being accepted for the 2016 Professional Numismatists Guild (www.PNGdealers.org) awards, according to PNG Executive Director Robert Brueggeman and President Dana Samuelson.

            "The annual PNG awards have become benchmarks for publicly recognizing outstanding achievements in the hobby and the profession.  We cordially welcome and strongly encourage nominations from collectors and dealers," said Brueggeman.

            "The award winners will be announced at the annual PNG Day summer banquet that will be held in Anaheim, California on August 8, 2016, the eve of the American Numismatic Association's World's Fair of Money (www.worldsfairofmoney.org)," explained Samuelson.

            Nominations should be made directly to the appropriate award category chair by mid-June.  The categories and contacts are:

            Abe Kosoff Founders Award: Presented to a PNG member-dealer with steadfast dedication to the entire numismatic community and who has made a significant contribution to the Guild or to the numismatic fraternity in general the past year.  The award is named after PNG's Founding President who spearheaded the 1953 launch of the organization.  Committee Chair: Richard Weaver.  Email: This email address is being protected from spambots. You need JavaScript enabled to view it. .

            Art Kagin Ambassador Award: This award is named after a former PNG President and nationally-known Iowa dealer who provided distinguished service as an advocate of numismatic goodwill.  Committee Chair: John Maben.  Email: This email address is being protected from spambots. You need JavaScript enabled to view it. .

            Significant Contribution Award: Given to those who have made exceptional, beneficial efforts over the years on behalf of PNG and the profession, and added to the hobby.  Committee Chair: James Sego.   Email: This email address is being protected from spambots. You need JavaScript enabled to view it. .

            Lifetime Achievement Award: Presented to a numismatist for his/her extraordinary devotion to numismatics and who, over their lifetime, significantly contributed to the hobby or profession.  Committee Co-Chairs: Dana S. Samuelson and Barry Stuppler.  Emails: This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it. .

            Sol Kaplan Award: To recognize efforts and contributions in combatting crimes against the numismatic community, this award is presented to someone who has given their time in an attempt to rid the profession of fraud and thievery. The award is jointly presented by the PNG and the Lewis M. Reagan Foundation.  It is named after a former PNG President and Ohio dealer who was personally responsible for the apprehension of several people suspected of committing numismatic-related crimes.  Committee Chair: Robert Brueggeman.  Email: This email address is being protected from spambots. You need JavaScript enabled to view it. .

            Robert Friedberg Award: Presented to an author in recognition for an outstanding book or other literature.  Named in honor of a publisher and author of numismatic reference books, this award is not automatically given each year.  It is only given when there is deemed to be a worthy recipient or recipients. Committee Chair: James A. Simek.  Email: This email address is being protected from spambots. You need JavaScript enabled to view it. .  Note: A copy of each book nominated for this year's award must be submitted for delivery no later than June 24, 2016 to James A. Simek, P.O. Box 7157, Westchester, IL 60154-7157.

            The Professional Numismatists Guild is a nonprofit trade association composed of the country's top rare coin and paper money dealers who must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise.  For additional information about the awards for the PNG, contact Robert Brueggeman, PNG Executive Director, 28441 Rancho California Road, Suite 106, Temecula, CA 92590. Phone: (951) 587-8300. Email: This email address is being protected from spambots. You need JavaScript enabled to view it. . Online: www.PNGdealers.org.

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Summary:

A record total of 17 U.S. rare coins sold for $1 million or more in 2015 and a combined total of more than $439 million of U.S. coins sold at major public auctions last year, according to the Professional Numismatists Guild.

            (Temecula, California) -- From multi-million dollar pennies to nearly $5 million paid for an early American silver dollar, the market for superb-quality, historic U.S. rare coins remained strong in 2015, according to the Professional Numismatists Guild (www.PNGdealers.org).  A record number of 17 U.S. rare coins sold for $1 million or more each at public auctions during the year.

With a winning bid of nearly $5 million, the most valuable U.S. rare coin sold at auction in 2015 was this 1794 Flowing Hair silver dollar. (Photo Courtesy of PCGS)

“The consensus estimate is that the overall U.S. rare coin market in 2015 was between $4.5 billion to $5 billion, although one expert estimated it at $6 billion.  The aggregate prices realized for U.S. coins sold at major public auctions in 2015 totaled $439,623,237, compared to $536 million in 2014 and $393 million in 2013,” said PNG President Dana Samuelson.

“There were 17 individual coins that brought $1 million or more at auction in 2015, compared to the previous record of 12 that reached that level in 2014 auctions,” Samuelson noted.

“We saw continuing high demand for so-called ‘trophy coins’ from several important collections that were sold at auctions in 2015.  As gold and silver prices dropped during the year and significant money was being spent on prized, big ticket numismatic rarities, there was weakness in the market for ‘average’ grade, commonly available coins.  However, prices remained strong for U.S. rare coins that combined historical significance, rarity and superb condition," said Samuelson.

            The PNG is a nonprofit organization composed of many of the country's top rare coin and paper money dealers.

            "In a year-end survey of auction house executives, most of the experts responding estimated the overall 2015 coin market in the U.S. at between $4.5 billion to $5 billion.  That includes auctions and private transactions made at coin shows, by mail order, online and at coin stores, but does not include numismatic bullion items or the modern coins sold directly by the United States Mint," explained Samuelson.

Two companies surpassed $100 million in auctions of United States coins: Heritage Auctions at $254,097,887 and Stack’s Bowers Galleries at $104,991,259.

                These are the 17 U.S. rare coins purchased by winning bidders for $1 million or higher in 2015, and the auction companies that sold them:

  •            1794 Flowing Hair design silver dollar graded Mint State 66+ by Professional Coin Grading Service (PCGS), jointly auctioned by Stack’s Bowers Galleries and Sotheby’s for $4,933,750.
  •            1795 Capped Bust design Eagle ($10 denomination gold coin), PCGS MS66+, Stack’s Bowers/Sotheby’s, $2,585,000.
  •            1792 Birch design copper cent (an early American experimental design), graded MS65 by Numismatic Guaranty Corporation (NGC) with second opinion on grade by Certified Acceptance Corporation (CAC), Heritage Auctions, $2,585,000.
  •            1793 Chain design copper cent, PCGS MS66, CAC, Heritage Auctions, $2,350,000.
  •            1808 Capped Bust design Quarter Eagle ($2.50 denomination gold coin), PCGS MS65, Stack’s Bowers/Sotheby’s, $2,350,000.
  •            1792 experimental (pattern) quarter-dollar struck in copper, NGC MS63, CAC, Heritage Auctions, $2,232,500.
  •            1907 Ultra High Relief, inverted edge letters design Double Eagle ($20 denomination gold coin), graded PCGS and NGC Proof 68, Heritage Auctions, $2,115,000.
  •            1880 Coiled Hair design Stella ($4 denomination gold coin), NGC PR67, CAC, Heritage Auctions, $1,821,250.
  •            1796 Draped Bust design silver quarter-dollar, PCGS MS66, Stack’s Bowers/Sotheby’s, $1,527,500.
  •            1797 Draped Bust design silver half dollar, PCGS MS66, Stack’s Bowers/Sotheby’s, $1,527,500.
  •            1776 Continental silver dollar “CURENCY,” NGC Extremely Fine 40, Heritage Auctions, $1,527,500.
  •            1776 Continental silver dollar “CURRENCY” and EG FECIT design, NGC MS62, Heritage Auctions, $1,527,500.
  •            1792 Birch copper cent “TO BE ESTEEMED BE USEFUL” lettered edge, PCGS About Uncirculated 58, CAC, Stack’s Bowers, $1,175,000.
  •            1798 Capped Bust Right, small eagle design Half Eagle ($5 denomination gold coin), PCGS AU55, Stack’s Bowers/Sotheby’s, $1,175,000.
  •            1880 Coiled Hair design gold Stella ($4 denomination), PCGS PR65, CAC, Heritage Auctions, $1,116,250.
  •            1792 copper pattern disme (early spelling of the word, dime), NGC MS64, CAC, Heritage Auctions, $1,057,500.
  •            1795 Capped Bust Right design gold Eagle ($10 denomination), PCGS MS63+, Stack’s Bowers/Sotheby’s, $1,057,500.

            The auction companies either responding directly to a PNG questionnaire about their 2015 auctions of United States rare coins or whose auction sales figures were compiled from public announcements during the year were (in alphabetical order): Bonhams; David Lawrence Rare Coins; GreatCollections Coin Auctions; Heritage Auctions; Ira and Larry Goldberg Coins & Collectibles; Legend Rare Coin Auctions; and Stack's Bowers Galleries and auctions conducted jointly by Stack’s Bowers and Sotheby’s.

            All prices include the buyer's premium, if any, to reflect the actual total prices paid by the winning bidders.  The PNG survey did not include 2015 auctions of paper money or coins produced by other countries ("world coins"), two areas of the numismatic marketplace that also experienced record prices for many items.

            "We have an important saying in the numismatic marketplace. If you don't know rare coins, you'd better know your rare coin dealer," advised PNG President Samuelson.    

            Founded in 1955, the Professional Numismatists Guild is composed of many of the country's top rare coin and paper money dealers.  PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.  A complete listing of PNG member-dealers is available at http://www.pngdealers.org/find-a-png-dealer?view=browselist.

            For a copy of "The Pleasure of Numismatics," an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

            For additional information about the Professional Numismatists Guild, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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(Temecula, California) – The Professional Numismatists Guild’s (www.PNGdealers.org) multi-media education program, originally created only for participants in the PNG internship mentoring program, is now available online to collectors and dealers worldwide.

“There are two levels of online classes developed by Karl Newman in conjunction with the University of Rare Coins and PNG’s Edward C. Milas School of Numismatics.  We are making these available online to anyone who wants to increase their knowledge of numismatics, from the minting process to the business of buying and selling coins,” explained PNG Executive Director Robert Brueggeman.

The Level 100 course is designed to provide broad-based basic knowledge about numismatics.  Topics include purchasing, selling, marketing and auctions; third-party certification; coin shows; and numismatic organizations and industry resources. 

Level 200 topics include metallurgy and technology in the science of numismatics; the minting process and errors; and the history of monetary systems and development of coining.

The enrollment fee is $300, and that includes both Level 100 and 200 courses.  Certificates of Completion will be provided to everyone who successfully completes both levels. 

Collector and dealer Gilbert Chang of Malaysia is enthusiastic about the online course after recently completing Level 100, and looking forward to studying Level 200 in the coming weeks.  “I did enjoy the (Level 100) course a lot.  Working with Karl (Newman of the University of Rare Coins) was exciting because he is always so enthusiastic about the subject and it rubs off on you!” he told PNG.  Chang proudly now describes himself as the only “certified” numismatist in his country.

Specific information about the educational courses and PNG’s Promoting Numismatic Growth internship program is available at www.PNGdealers.org under the "Internship" navigation links near the top of the PNG's home page.  For additional information, contact the PNG by phone at (951) 587-8300 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it. .

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(Temecula, California) -- The Professional Numismatists Guild (www.PNGdealers.org), a non-profit organization founded in 1954 and composed today of many of the country’s top rare coin, banknote American Eagle gold bullion coins.and precious metals dealers, has now created the PNG Accredited Precious Metals Dealer (PNG-APMD) program (www.PNGdealers.org/apmd).  The new accreditation program is intended to help the public learn about bullion coins and ingots, and avoid problems when they make purchases or sell. 

            PNG officials caution that recent cases involving non-PNG dealers in California and Texas who failed to deliver gold coins ordered by customers underscore the crucial need for investors to know their precious metals dealer before buying or selling.

 “If you don’t know bullion coins, you’d better know your precious metals dealer,” said Robert Brueggeman, PNG Executive Director.

All PNG member-dealers already must adhere to a strict code of ethics in the buying and selling of numismatic material (www.pngdealers.org/png-code-of-ethics). PNG-AMPD members now must also follow an additional code specifically regarding the buying and selling of bullion coins and ingots.

            As part of the 20-point PNG-AMPD code of ethics, accredited dealers pledge to promptly deliver precious metals they sell unless otherwise agreed between the dealer and customer, and to promptly pay for precious metals they purchase unless otherwise agreed in writing between the dealer and customer.

They also pledge to furnish “sound educational resources to my non-professional customers on precious metals matters” to the best of their abilities, and must consent to PNG arbitration of all disputes involving the purchase, sale, or trade of numismatic or related items.

            The complete code of ethics and list of PNG-APMD dealers can be found online at www.pngdealers.org/apmd.

“In recent weeks, there have been reports of investigators claiming customers of a Costa Mesa, California dealer reportedly failed to receive more than $17 million of gold coins they ordered.  And investigators in Austin, Texas are trying to locate an estimated $30 million of precious metal coins and cash missing from a dealer there who allegedly failed to deliver promised orders.  It is crucial that you deal only with reputable experts,” emphasized PNG President Dana Samuelson.

(Read a story about the California dealer here: http://www.ocregister.com/articles/tulving-682606-customers-coin.html.  A story about the Texas dealership is here: http://www.mystatesman.com/news/news/local/downtown-austin-vault-of-precious-metals-turns-up-/nnYS2/.)

For additional information about the Professional Numismatists Guild and the PNG Accredited Precious Metals Dealer, contact the PNG by phone at (951) 587-8300 or by email at  This email address is being protected from spambots. You need JavaScript enabled to view it. .

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(Temecula, California) – Dana Samuelson, President of American Gold Exchange in Austin, Texas, has been selected as the 2015 – 2017 President of the Professional Numismatists Guild (www.PNGdealers.org).  Founded in 1953, the nonprofit PNG is composed of many of the country's top rare coin and paper money dealers who pledge to follow a strict code of ethics (www.pngdealers.org/png-code-of-ethics) in the buying and selling of numismatic merchandise. 

“It is an honor to be elected President of the PNG. The PNG membership is comprised of the finest professional numismatists in the country whose knowledge and integrity is unsurpassed.  And it’s a bonus that these people are not only very talented and hardworking, but also a lot of fun to be with,” said Samuelson.

“As President, I look forward to continuing the initiatives we’ve begun in the last several years like the successful PNG internship program and PNG trade shows,” he added.

“I also look forward to working with the new American Numismatic Association President Jeff Garrett, who is a PNG Past President (2005 – 2007), to strengthen the bond between our two organizations of collectors and dealers. And, of course, the PNG will continue to assist and work closely with the International Association of Professional Numismatists (IAPN) and the Industry Council for Tangible Assets (ICTA).  As our profession’s lobbying group, ICTA keeps an eye on both state and national legislative issues that are important to buyers and sellers of rare coins and precious metals,” Samuelson stated.

Barry Stuppler of Barry Stuppler & Co. in Woodland Hills, California is the new PNG Vice President; Richard Weaver of Delaware Valley Rare Coin in Broomall, Pennsylvania is Treasurer; and James Simek of NumisGraphic Enterprises in Westchester, Illinois is Secretary.

“Under PNG Bylaws, member-dealers of the organization elect the board members at large, and then the elected board members select the officers from within their group.  During their August 9, 2015 meeting in Rosemont, Illinois, the nine-member Board chose the President, Vice President, Secretary and Treasurer,” explained Robert Brueggeman, PNG Executive Director.

The 2015 – 2017 PNG Board of Directors also is composed of Immediate Past President Terry Hanlon of Dillon Gage Metals Division in Addison, Texas; John Hamrick of John B. Hamrick & Co. in Alpharetta, Georgia; John Maben of JFM Trading in Lakewood Ranch, Florida; Wade Milas of RARCOA in Willowbrook, Illinois; and James Sego of JMS Coins in Coeur d’Alene, Idaho.

“The election of Wade Milas to the board marks the first time that the son of a former PNG President has been selected as a PNG officer.  Wade’s late father, Ed Milas, served with distinction as PNG President from 1983 to 1985,” explained Brueggeman.

Samuelson is optimistic about the numismatic marketplace.

“Going forward it will be exciting to watch how the rare coin market continues to evolve in the 21st century. The just-concluded ANA Chicago convention was another successful show for dealers, the public and the auction houses, with interest and prices continuing to be strong for marquis rare coins,” he said.

“Seeing again in person former Trompeter Collection proof gold coins and watching them come up for auction with other rarities like the 1861-S Paquet $20 out of the Duquesne Collection were highlights for me personally.  We have more of the phenomenal D. Brent Pogue Collection coins coming up for auction later this year. Opportunities to acquire incredible coins like these don’t happen all the time, so I hope collectors and dealers alike are taking advantage of the chance to see and buy these wonderful coins coming to market again,” stated Samuelson.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the Professional Numismatists Guild, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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