(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.
(Temecula, California) -- Christopher Maisano, a 17-year old New Jersey high school student, has been selected as the winner of the Professional Numismatists Guild (www.PNGdealers.org) 2015 young numismatist scholarship. The PNG will provide tuition, dormitory accommodations, meals and airfare to and from Colorado Springs, Colorado for him to attend one of the week-long sessions of this year's American Numismatic Association (www.money.org) Summer Seminar.
"I am so happy and grateful for this opportunity! It still hasn't sunk in yet," Maisano said.
He began collecting two years ago while on vacation with his parents when he saw coins in the window of an antique shop.
"I was captivated by the old U.S. coins. I entered the store with my parents and spent hours looking at all the coins in their inventory. With my own allowance money I purchased my very first coin, an 1873 With Arrows Seated Liberty half dollar from the Philadelphia Mint," Maisano recalled.
He said it is in poor condition and the least valuable coin now in his collection, but it "is the most beloved and prized coin in my collection because it was my first."
Family members and friends soon responded to his interest in numismatics.
"My grandmother gave me her father's coin collection. It included mostly Morgan dollars. None of the coins were very valuable but I found it so interesting to research them and learn about how my great-grandfather loved collecting coins," he explained.
He also credits Ridgewood Coin & Stamp in Ridgewood, New Jersey for nurturing his interest in coins and mentoring him about buying and selling. Last October his parents took him to the PNG show in New York City where he met PNG member-dealer Donald Kagin and associate member David McCarthy of Kagin's, Inc. who showed him gold coins from the Saddle Ridge Hoard. McCarthy and another PNG associate member, John Brush of David Lawrence Rare Coins, told him about the annual ANA Summer Seminars.
Maisano attended a young numismatists meeting at the New York International Numismatic Convention this past January and submitted his ANA membership application.
"I love to read and learn about the history of coins, the mintage and the history of various mints in the United States," he said.
Maisano will be a senior this fall at Don Bosco Preparatory High School in Ramsey, New Jersey. He wants to get an internship with a coin dealer/auction house when he attends college. He plans on majoring in accounting.
"This is the 11th consecutive year of PNG YN scholarships for the popular, annual ANA educational programs. We've been delighted to help young numismatists," said PNG Executive Director Robert Brueggeman.
“On behalf of the ANA, I’d like to thank the PNG for its continued support of the Summer Seminar and for promoting numismatic education,” said ANA Education Manager Susan Mc Millan.
"Young collectors are the future of the hobby," said PNG President Terry Hanlon. "The annual ANA Summer Seminar is an excellent way to learn more about the hobby. Congratulations to our latest scholarship recipient."
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.
The Professional Numismatists Guild (www.PNGdealers.org) has issued a call for more internship candidates to enroll in the organization's Promoting Numismatic Growth mentoring program. The PNG also is offering its Edward Milas School of Numismatics online education courses to anyone, whether or not the person wants to enroll in the internship program.
Launched last year, the Promoting Numismatic Growth project 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.
"We've been impressed with the caliber of applicants. Three interns were hired for full-time jobs well before they completed their internships," said PNG Executive Director Robert Brueggeman.
A total of ten prospective professional numismatists have enrolled in the program since last year. Internship applications now are being accepted from other candidates 21 to 32 years of age.
"Internship candidates who now 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 Carol Raia, Administrator of the PNG mentoring program.
For the first time, PNG is offering its extensive online, multi-media internship education and training curriculum 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.
Level 100 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 fee for applying for the internship program is $250 to cover the cost of a security background check and the Level 100 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.
"The goal of this program is to ensure industry growth through the education and mentoring of future professional numismatists, and we've been quite happy with the results so far," said Terry Hanlon, PNG President.