nexGen

Our Commitment to Numismatic Education & the Next Generation of Professionals

The PNG takes our commitment to serving the numismatic community very seriously. The charter of the PNG is consumer protection, and to provide hobbyists and dealers the resources they need for a rewarding numismatic experience.

As part of our commitment to the trade, in 2023 PNG launched the nexGen Mentorship program.

nexGen Mission Statement

“To cultivate and expand the next generation of the numismatic industry.”

nexGen Goals

NexGen aims to cultivate and expand the next generation of numismatic enthusiasts by:

Addressing generational gaps among current industry representatives and young numismatists through hosting in-person events, online Q&As, and other efforts to bring the two sides together.
Providing resources to young numismatics, including dealer badges and select resource discounts.
Mentoring young numismatics and facilitating access to internships and employment in the numismatic industry through networking and assistance with job placement.
Encouraging NexGen members to uphold the core values of the PNG and our high standards for reputation, integrity, and responsibility.

The nexGen Standard of Excellence

NexGen’s membership standards are based upon the standards of the PNG membership. While the PNG does not expect perfection, it intends to guide NexGen members in the direction that they can learn and become better coin dealers as well as people. As a result, each member is expected to abide by the NexGen Code of Ethics. It is intended to set forth the basis of expectations and each member is expected to abide by this pledge. If one is found to be in violation of any of these statements, the PNG’s NexGen Committee is at liberty to terminate or suspend one’s membership.

Each NexGen member takes the following pledge.

When dealing in coins:

To deliver coins that I sell promptly unless otherwise agreed between myself and my customer.
To pay for coins I have purchased promptly unless otherwise agreed in writing between myself and my customer.
To refrain from misrepresenting the prices, quality or guarantees attached to my merchandise or that of my competitors.
To refrain from knowingly dealing in stolen numismatic items, or buying and selling known modern counterfeit coins, currency or other numismatic materials that are, by law, not legal to possess.
To refrain from knowingly participating in, abetting or dealing in altered, repaired or “doctored” numismatic items, contemporary counterfeits, electrotypes, or published forgeries, without fully disclosing their status to my customer and/or making any attempt to deceive. Coin doctoring refers to the alteration of any portion of a coin with an intent to deceive, when that process includes any of the following:
- Movement, addition to, or otherwise altering of metal, so that a coin appears to be in a better state of preservation, or more valuable than it otherwise would be. A few examples are plugging, whizzing, polishing, engraving, “lasering” and adding or removing mint marks;
- Addition of any substance to a coin so that it appears to be in a better state of preservation or more valuable than it otherwise would be. The use of solvents and/or commercially available dilute acids, such as Jeweluster, by qualified professionals is not considered coin doctoring;
- Intentional exposure of a coin to any chemicals, substances, or processes which impart toning, such that the coin appears to be in a better state of preservation or more valuable than it otherwise would be. Naturally occurring toning imparted during long-term storage using established/traditional methods, such as coin albums, rolls, flips, or envelopes, does not constitute coin doctoring.
To grade coins accurately to the best of my ability and in accordance with recognized industry standards (or disclose fully my particular grading standards and how they may differ from recognized industry standards).
To refrain from any of the following in dealing with non-professional customers:
- buying or selling at unreasonable prices;
- using high pressure sales techniques;
- using misleading performance data;
- comparing coins graded by a fringe grading service with those graded by an industry-standard, independent grading service in a way calculated to create an inaccurate impression;
- intentionally misrepresenting the origin, provenance or pedigree of a coin;
- intentionally misrepresenting the weight of a coin;
- intentionally misrepresenting the value of a coin;
- intentionally misrepresenting the investment potential of coins;
- intentionally misrepresenting an affiliation between myself and any Government agency or numismatic firm.

When interacting with others:

To respect my contracts with all parties to numismatic transactions, whether written or oral.
To respect my fellow members’ contracts with third parties and not knowingly interfere with them.
To freely exchange non-proprietary information with my fellow members when requested to do so.
To refrain from intentionally defaming the character of a fellow member or the quality of that member’s products or services for commercial advantage.
To focus on lifting others up and refrain from insulting or otherwise harassing other members of NexGen or those in the numismatic community.