(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.
(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 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/.)
(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.
(Rosemont, Illinois) – The Professional Numismatists Guild (www.PNGdealers.org) has presented its 2015 Lifetime Achievement Award to Jeff C. Garrett of Mid-American Rare Coin Galleries in Lexington, Kentucky. An award-wining numismatic author, Garrett is a former PNG President and is the incoming President of the American Numismatic Association.
“Jeff’s excellent reference books, his dedication to the hobby and profession, and his efforts to help the Smithsonian continue to expand and exhibit the National Numismatic Collection make him the outstanding choice for this year’s award,” said Barry Stuppler, Co-Chair with Dana Samuelson of the PNG Lifetime Achievement Award Committee.
In presenting the award, Samuelson noted that Garrett started working as a coin dealer in his teens and now is in his fifth decade as a professional numismatist.
“He’s a generous individual with his time and expertise, who doesn’t qualify his altruism based on the size of the entity receiving it. He’s as happy helping his local Lexington, Kentucky coin club as he is assisting either the ANA or the Smithsonian,” Samuelson stated.
The award was presented at the annual PNG banquet held in the Chicago suburb of Rosemont, Illinois on August 10, 2015, the eve of the ANA World's Fair of Money (www.worldsfairofmoney.org).
Here are other award categories and winners announced at the banquet.
Abe Kosoff Founders Award: Presented to Steve Ivy of Dallas, Texas, Co-Chairman and CEO of Heritage Auctions and a former PNG President (2003 - 2005). The award is presented to a PNG member-dealer who has shown 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 Kosoff Award is named after PNG's Founding President who spearheaded the 1953 launch of the organization.
Sol Kaplan Award: Presented to Victor Bozarth of Bozarth Numismatics, Inc. of Brenham, Texas and Sarah Miller of Heritage Auctions, New York City, for their efforts that led to the arrest and subsequent guilty plea of a thief who stole coins at shows in several states. The Kaplan Award is presented to individuals who have given their time in an attempt to rid the profession of fraud and thievery. The award, jointly presented by the PNG and the Lewis M. Reagan Foundation, is named after a former PNG President who was personally responsible for the apprehension of several people suspected of committing numismatic-related crimes.
Significant Contribution Award: Given to Julian M. Leidman of Bonanza Coins in Silver Spring, Maryland for his exceptional, beneficial efforts on behalf of the PNG, the profession and the hobby.
Distinguished Service Award: Presented to Jeffrey F. Bernberg of Rare Coin Company of America in Willowbrook, Illinois for his 12 years of service on the PNG Board, including his term as President from 2011 – 2013.
Achievement in Excellence Award: Presented to Robert Korver of Heritage Auctions in Dallas, Texas. PNG Executive Director Robert Brueggeman announced this special award for Korver’s “countless hours championing the fight against import restrictions.” Brueggeman added: “The PNG, its members and the numismatic community as a whole are in his debt.”
This year, the PNG did not present either the Robert Friedberg Award for outstanding book or the Art Kagin Ambassador Award.
The PNG recognized John G. Hanson of Wellesley, Massachusetts for 50 years of PNG membership.
The following dealers were recognized for 25 years of PNG membership: Klaus J. Degler of Denver, Colorado; William Dominick of Tappan, New York; Stephen J. Gehringer of Allentown, Pennsylvania; Salvatore Germano of Hawthorne, New Jersey; Ed Grundy of Pueblo, Colorado; James Halperin of Dallas, Texas; Richard N. Nachbar of Williamsville, New York; Daniel N. Ratner of Rockville, Maryland; and affiliate member Paul R. Whitnah of Arlington, Texas.
The final presentation at the awards ceremony for Lifetime Membership was “one that the PNG does not often make,” explained Brueggeman. “In fact, we have only ever honored five members with this distinction.”
He announced that Lifetime Memberships now have been conferred on former PNG President (1985 – 1989) Leon Hendrickson of Winchester, Indiana; John Rowe III of Dallas, Texas; and former PNG President (1989 – 1991) Harvey G. Stack of New York City.
Two more interns in the Professional Numismatists Guild's (www.PNGdealers.org) Promoting Numismatic Growth mentoring program have been hired as full-time professional numismatists. The PNG continues to encourage more candidates to enroll in the organization's recently-launched mentoring program and also is offering its online education courses to anyone, whether or not the person wants to enroll in the internship program.
"Five of the original seven PNG interns now have been successfully placed in numismatic careers," said Carol Raia, Administrator of the PNG mentoring program.
Evan Brooke, age 30, has been hired as a grader at Numismatic Guaranty Corporation (www.NGCcoin.com), the PNG's official grading service, and Ian Connor, age 22, has been hired by coin dealer Jay King of Logansport, Indiana.
The Promoting Numismatic Growth project was started in 2014 and is intended to help nurture the next generation of professional numismatists. The program includes online instruction about coins, banknotes and the numismatic market, followed by a paid internship at a major numismatic company.
"I feel incredibly lucky to have been chosen by the PNG to take part in this amazing internship program. You could not buy the knowledge and connections I have made in the past year. Working with and learning from the best numismatists in the world is truly a once in a lifetime opportunity," said Brooke.
Connor concurred: "There is no doubt in my mind the most valuable part of the PNG experience is the people you meet and work with on a daily basis. The experts you cross paths with at all companies is something that is invaluable and extremely helpful. All were eager for me to ask questions and pick their brains. I had the opportunity to learn a tremendous amount of knowledge in a very short time from these wonderful mentors."
Internship applications are being accepted by PNG from prospective candidates 21 to 32 years of age.
"Internship candidates who successfully complete a background security check and the education components of the program will have the opportunity for a three to six month, paid internship at either Heritage Auctions or Numismatic Guaranty Corporation," explained PNG Executive Director Robert Brueggeman.
The PNG also is offering its extensive online, multi-media internship education and training curriculum from the Edward C. Milas School of Numismatics to anyone who wants to take the classes, not just internship candidates. There are two levels of online classes developed in conjunction with the University of Rare Coins.
The fee for applying for the internship program is $250 to cover the cost of a security background check and the Level 100 online classes. The cost for Level 200 for intern candidates is an additional $250. Those who want only the online classes can enroll for a total fee of $300 that includes both Level 100 and 200.
Certificates of Completion will be provided to everyone who successfully completes both levels.
"I would encourage any young person who wishes to make a career out of numismatics to pursue this informative opportunity," said former intern Brooke.
"I cannot thank the PNG enough for giving me this opportunity, especially Carol Raia, the program administrator, and the President of the PNG, Terry Hanlon. I would like to especially thank my first mentor Sam Brown from Keypoint Trust Coins in Ambler, Pennsylvania who helped me out so much. I will be forever grateful for that," he added.