(Temecula, California) – Spencer Kinkelaar, a 16-year old honor roll student from Morrow, Ohio who enjoys collecting Franklin half dollars and silver American Eagle coins, has been selected as this year’s winner of the Professional Numismatists Guild (www.PNGdealers.org) Young Numismatist Scholarship.
The scholarship will cover airfare and tuition for him to attend a week-long session of the 2016 American Numismatic Association Summer Seminar (www.money.org/summer-seminar) in Colorado Springs, Colorado.
Kinkelaar is one of triplet boys, and he credits his father with initially sparking an interest in coin collecting in all three boys.
“As a young child, I was always interested in numismatics. At a young age, my father showed me his collection, which he started as a child,” Kinkelaar wrote in his application essay.
Last summer, while he and his family were preparing to move from Philadelphia to the Cincinnati area, he rediscovered his old coin collection in the closet.
“Remembering my past, I began to review my collection, excitedly noting my old pastime. I began to research collecting again and went to the bank to search half dollar rolls. Shortly afterwards, I joined the ANA as a YN,” he wrote.
Kinkelaar said he was “quite surprised” when the PNG notified him about the scholarship award: “It was quite exciting that the PNG thought I’d be a good candidate to come out to Colorado Springs to learn about numismatics.”
His father, Mark, happily responded, “It didn’t surprise me too much. He’s quite competitive and I was pleased to learn about it. I think he’ll enjoy it. It’s the kind of experience a young man needs.”
“We appreciate what the PNG is doing and the opportunity for Spencer. It’s a wonderful learning opportunity,” stated Mark Kinkelaar who has enjoyed going to coin shows with him.
Spencer Kinkelaar will be a Junior this fall at Kings High School in Kings Mills, Ohio. His plans for college include studying economics and finance as an undergraduate, then attending business and law school for post-graduate degrees.
“When I learn about enthusiastic young numismatists, such as Spencer, I feel confident about the future of the hobby," said Dana Samuelson, PNG President. “The PNG is happy to provide young collectors with these annual scholarships so they can be part of the outstanding learning experience the ANA offers with its Summer Seminars programs.”
The money to pay for the annual PNG YN Scholarship is administered from the PNG's Gerald Bauman Memorial Fund.
“Mr. Bauman served for many years as a prominent coin dealer with Manfra, Tordella & Brookes in New York City, and he was a mentor to some of today’s outstanding numismatic professionals. After he died in 2001, the memorial fund was created as an on-going legacy to him and his mentoring,” explained PNG Executive Director Robert Brueggeman.
The Professional Numismatists Guild is a nonprofit organization composed of many of the top rare coin and paper money dealers in the United States and seven other countries. PNG member-dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise. For additional information, visit online at www.PNGdealers.org or call (951) 587-8300.
(Temecula, California) – Beware of counterfeit vintage rare coins and fake modern gold and silver bullion items now being offered in the marketplace. Purchase only from reputable dealers, cautions the Professional Numismatists Guild (www.PNGdealers.org).
The PNG is a nonprofit organization composed of many of the country’s top numismatic experts.
“It is clear there is an increase in the types of fakes sold by unscrupulous dealers. These sales of counterfeit coins are potentially a multi-million dollar problem for the public. There’s an old saying that can help buyers avoid problems: If you don’t know coins, you better know your dealer,” stated Professional Numismatists Guild (PNG) President Dana Samuelson.
“We conducted an informal inquiry of PNG members and PNG Accredited Precious Metals Dealers (APMD) about what they’re encountering now in the marketplace. They have seen everything from counterfeits of vintage rare coins to modern precious metal items. These include fakes of popular century-old U.S. Morgan and Peace design silver dollars to current gold and silver American Eagles, gold U.S. Buffalo coins, silver and gold Chinese Pandas, and Canadian silver and gold Maple Leaf coins. We’re also seeing spurious gold and silver ingots,” said Samuelson.
“Professional dealers who look at classic U.S. coins and bullion items all day long are usually not fooled by these spurious items, but to the untrained eye they often look like the real thing,” he explained.
"Many of the fakes apparently are originating in China and then offered online by various sellers. It is imperative that collectors, investors and the general public deal only with reputable, knowledgeable experts who offer a guarantee of authenticity," emphasized Samuelson.
Two PNG members who recently were in Asia say they saw counterfeits of early 19th century Draped Bust, mid 19th century Seated Liberty and late 19th and early 20th century Morgan and Peace silver dollars being sold in flea markets in China and Hong Kong for $1 to $3 each.
Unsuspecting buyers have submitted counterfeit modern bullion coins to Numismatic Guaranty Corporation (www.NGCcoin.com) for authentication and grading. NGC, the official grading service of PNG, earlier reported submissions of counterfeit 2012-dated gold American Eagle $50 denomination coins.
Those particular counterfeits exhibit poorly defined details around Liberty's face and hair, different fonts for lettering and the date compared to genuine coins and the color is different because the fakes are not composed of gold, according to Max Spiegel, a Vice President of Certified Collectibles Group, NGC's parent company.
PNG and PNG Accredited Precious Metals Dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise including bullion coins, precious metal rounds and ingots, and they offer a guarantee of authenticity for the numismatic items they sell.
For a list of PNG-APMD members visit www.PNGdealers.org and click on the APMD navigation link.
The Professional Numismatists Guild issued the brief statement below following the April 20, 2016 U.S. Treasury Department announcement, April 20, 216, about upcoming design changes to U.S. paper money (www.treasury.gov/press-center/press-releases/Pages/jl0436.aspx). The accompanying close up image of Martha Washington on an 1896 $1 note is courtesy of Heritage Auctions.
"Money is history you can hold in your hands, and the Professional Numismatists Guild welcomes the planned changes to our circulating money to help educate the public about important people, places and events in U.S. history," said James Simek, Secretary of the Professional Numismatists Guild (www.PNGdealers.org) a nonprofit organization composed of many of the country's top coin and paper money experts.
"This will not be the first time United States money has depicted a female, but one of the rare times it is a historical woman, not an allegorical representation. Our very first coins struck for circulation in 1793 had allegorical female depictions of ‘Miss Liberty,’ but it was not until 1863 that we had an actual, historical woman on our money when Native American ‘princess’ Pocahontas appeared on the back of $20 National Bank Notes. Martha Washington has appeared twice on circulating paper money: on the front of $1 silver certificates in 1886, and then with her husband, George, on the back of $1 Educational Series Notes in 1896,” explained Simek.
(Anaheim, California) – Collectors and dealers can get an early start to the American Numismatic Association (ANA) 2016 World’s Fair of Money® in Anaheim, California in August. The Professional Numismatists Guild (www.PNGdealers.org) will be conducting the annual PNG/ANA Numismatic Trade Show immediately prior to and in the same location as the ANA convention.
“The PNG/ANA Numismatic Trade Show will be open to the public, Saturday to Monday, August 6 – 8, 2016, and conveniently conducted in Hall D of the Anaheim Convention Center where the ANA World’s Fair of Money will be held August 9 – 13,” said PNG Executive Director Robert Brueggeman. “The convention center is across the street from Disneyland, so this is a wonderful opportunity for a family event combining the magic of numismatics and the Magic Kingdom.”
Admission to the PNG/ANA Numismatic Trade Show will be free for visitors who pre-register online, otherwise public admission at the door will be $10, good for all three days. Pre-registration is available at www.PNGdealers.org/events.
A gold coin door prize will be awarded to a lucky visitor each day. Lot viewing will be available daily for items in the Heritage Auctions and Stack’s Bowers Galleries auctions that will be conducted during the ANA 2016 World’s Fair of Money.
“Any PNG or ANA member dealer can take a table at the PNG/ANA Numismatic Trade Show whether or not they take a table at the ANA World's Fair of Money,” said PNG President Dana Samuelson.
Dealer setup will be Saturday, August 6, from 8:00 am - 10:00 am. Public hours will be Saturday and Sunday, August 6 and 7, from 10:00 am - 6:00 pm, and Monday, August 8, from 10 am to Noon.
A limited number of discounted hotel rates are available in conjunction with both the PNG/ANA Numismatic Trade Show and the ANA World’s Fair of Money at the Hilton Anaheim and the Fairfield Inn Anaheim Resort. Visitors are encouraged to book their hotel accommodations as soon as possible to take advantage of the lower rates before the allotted rooms are gone.
For additional information about the ANA 2016 World’s Fair of Money visit www.WorldsFairofMoney.com.
(Temecula, California) -- The Professional Numismatists Guild (www.PNGdealers.org) will provide a scholarship to a deserving young numismatist (YN) to attend the 2016 American Numismatic Association (http://www.money.org) Summer Seminar in Colorado Springs, Colorado. This is the 12th consecutive year of PNG YN scholarships for the popular, annual ANA educational programs.
"Once again, the PNG scholarship will cover airfare, tuition for one of the two week-long Summer Seminar sessions, meals and five nights of dormitory accommodations on the campus of Colorado College, site of the ANA headquarters," said PNG Executive Director Robert Brueggeman.
"All young numismatists between the ages of 13 and 22 are eligible to enter and are cordially invited to apply for the scholarship. Entrants must submit a short essay outlining why they should be chosen as the 2016 scholarship recipient. The deadline for receipt of the entries is Friday, April 1, 2016" explained Brueggeman.
"Young collectors are the future of the hobby, and these annual PNG scholarships help eager young numismatists learn more about the hobby through the unique learning experiences the ANA offers with its annual Summer Seminars. The PNG is proud to continue its support of this outstanding program," said Dana Samuelson, PNG President.
The two separate 48th Annual ANA Summer Seminar week-long sessions will be held Saturday, June 18, to Thursday, June 23, and from Saturday, June 25, to Thursday, June 30. Participants ranging from teenagers to seniors take class instruction on specific coin and paper money collecting topics or the hobby's technical and business aspects. Additional information about the ANA Summer Seminar sessions can be found on the ANA website at www.money.org/summer-seminar.
"On behalf of the ANA, I would like to thank PNG for generously offering this opportunity to a deserving young numismatist. It not only supports the ANA mission of providing numismatic education but also invests in the future of numismatics -- our YNs," said ANA Executive Director Kimberly Kiick.
The money to pay for the annual PNG YN Scholarship is administered from PNG's Gerald Bauman Memorial Fund. Bauman, who died in 2001, served for many years as a prominent coin dealer with Manfra, Tordella & Brookes in New York City.
The PNG is a nonprofit organization composed of many of the top rare coin and paper money dealers in the United States and seven other countries. PNG member-dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise. For additional information, visit online at www.PNGdealers.org or call (951) 587-8300.