Aug 4, 2019 | News
(Santa Ana, California) August 1, 2019 – The Professional Coin Grading Service (PCGS.com) team has gained three new members bringing a wide range of numismatic knowledge and business acumen. Well-known banknote and counterfeit expert Bruce Thornton has joined as the Director of Banknote Grading, numismatic educator and vintage coin grader Steve Feltner began a role as Director of Numismatic Education and Outreach, and Michael Oviedo, business development expert, has taken on the role of Director of International Business.
Bruce Thornton
Thornton is a professional banknote expert with more than 20 years of experience working in the industry. His passion for banknotes began early in his life while working at his father’s business where he gained exposure to banknote dealing and collecting. He is now one of the world’s foremost experts in grading and authentication of banknotes and is particularly recognized for his knowledge and expertise in counterfeits.
“I sold my first banknote years ago at the young age of 12 to a popular banknote and coin dealer from China/Asia. I had a different childhood than most, and I could look notes up in the Pick catalog before I could tie my shoes,” reflected Thornton. After obtaining a degree in International Politics in the mid-1990s, Thornton began working in the banknote industry full time, traveling to shows and shops around the world.
Thornton worked for nearly ten years as a Grader/Senior Finalizer while participating in the collecting community in China and Asia to establish the market acceptance of certified banknotes throughout the world. He is also an educator, sharing knowledge through lectures and seminars worldwide and has taught classes on banknote grading at the ANA Summer Seminar. Thornton is a member of PCDA (Professional Currency Dealers Association), IBNS, ANA, FUN, ICTA. He has served on numerous boards and was a Governor of the PCDA.
Through his travels pursuing, examining, and buying paper money, Thornton gained an unparalleled expertise in a variety of numismatic areas. “PCGS and Collectors Universe as a whole are in a class by themselves, and I’m excited about becoming a part of the team and welcome this unique opportunity,” said Thornton. Outside of banknotes, Thornton spends his free time traveling and collecting rare books particularly first edition books by Ernest Hemingway and Jack Kerouac.
Steve Feltner
At the age of 25, he was asked to test grade at PCGS for an opening in the vintage room and accepted a full-time position. “I was a vintage grader for a bit over 3 years and learned a great deal sitting next to some of the sharpest graders and numismatic minds of our generation,” Feltner recounted. He later moved to Sacramento and helped found a successful coin company which he built over four years. “I could not be more excited about this role with PCGS as I feel it is a perfect fit for my desire to educate, while continuing to learn from those around me. My goal is to be an open and available resource to share the love of this amazing hobby. I believe that the future of numismatics is bright, so long as we all work together to make positive adaptations to an ever-changing market,” said Feltner.
Michael Oviedo
Oviedo eventually returned to the U.S. to work for his family’s non-profit organization – HKA Projects for Sustainability – organizing the Managing Sustainability in Dentistry conference in Reykjavik, Iceland. It was the first of its kind in dentistry and has since led to the American College of Dentists. Its publication – Journal of the American College of Dentists – is a leading academic journal for the dental profession.
“I come from a family of collectors, so joining CU is an amazing opportunity, especially since this role combines both my passion for collectibles and experience in Asia,” said Oviedo, “My goal is to continue market growth by utilizing the talents of the existing team and building on the successes of our global offices.” Oviedo’s father built the Dr. George F Oviedo Collection of which several coins ended up in leading collections such as the D. Brent Pogue Collection.
“PCGS is dedicated to cultivating a culture of knowledge and experience to bring the best possible service to the coin collecting industry. While PCGS already has the best grading and support staff in numismatics, these new key hires ensure our commitment to continuously improve and expand the overall quality and breadth of our services,” said PCGS President Brett Charville.
For information about PCGS products and services, including how to submit your coins for authentication and grading, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.
Jul 19, 2019 | ICTA/NCBA, News
ICTA member Dave Miholer (Executive Coin Company, Stow, OH) brought to our attention in May that the Ohio 2020–2021 budget eliminated the sales-tax exemption on the purchases of investment metal bullion and investment coins. The budget plan also directs the state to begin collecting sales taxes on interstate purchases, due to the requirements of South Dakota vs. Wayfair.
Shortly afterward the budget’s language eliminating the exemption was removed. Lobbyist Neil Clark closely monitored the budget’s bill (HB 166) in case the language was restored before the bill went to the Senate floor for a vote. The Senate passed their version of the bill on June 20, 2019. However, the House refused to concur in the Senate amendments, so the bill went to a Conference Committee, where differences were resolved. It passed both houses on July 17, 2019.
We learned late that night from lobbyist Clark that the budget now included language that eliminated the exemption and that it was on the way to Governor Mike DeWine to be signed. The Ohio dealer community was immediately alerted and asked to call Governor DeWine’s office to urge him to line-item veto this language and protect the exemption. Unfortunately, Governor DeWine opted not to veto the language before signing the bill into law yesterday, July 18, 2019.
On behalf of Miholer, thank you to everyone who made telephone calls, wrote legislators, testified before legislative committees, and financially supported the efforts to stop the repeal of the Ohio sales-tax exemption on the purchases of investment metal bullion and investment coins.
“The state’s current political climate was just not favorable toward existing tax breaks that generally favored businesses,” said Miholer. In other words, the repeal of this exemption and other tax breaks would supposedly underwrite a huge state tax cut.
The sales tax becomes effective October 1, 2019.
“We may be down, but we’re not out,” says Miholer. “We don’t know right now, but we will regroup and start again a campaign to get our exemption back.”
For more information, please contact Miholer by calling (330) 686-1100 or emailing davem@executivecoin.com.
Jul 19, 2019 | News, PNG
(Temecula, California) July 19, 2019 – The Professional Numismatists Guild (www.PNGdealers.org) suspended the membership of Jason Bradford on July 18, 2019 for conduct prejudicial to the PNG, including violation of the Code of Ethics, according to PNG Executive Director Robert Brueggeman.
Bradford, of Legacy Currency Grading in Brentwood, Tennessee, joined the PNG in 2015 as member #765.
According to Brueggeman, the full PNG Board in accordance with the PNG Bylaws will decide if Bradford’s membership will be reinstated, if he will remain suspended or if he will be expelled from the organization.
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 (www.PNGdealers.org/code-of-ethics) in the buying and selling of numismatic merchandise.
For additional information about the PNG, contact Robert Brueggeman, PNG Executive Director, 28441 Rancho California Road, Suite 106, Temecula, CA 92590. Phone: 951-587-8300. Email: info@PNGdealers.org. Online: www.PNGdealers.org.
Jul 19, 2019 | Auctions, News
An extremely rare gold medal graded by NGC that traveled on the Apollo 11 mission to the moon realized $2,055,000 at an auction held on the mission’s 50th anniversary. It is one of the highest prices ever paid for a medal, and it is the highest price realized to date for any item from the Armstrong Family Collection™, which comprises items saved by astronaut Neil Armstrong and his immediate family members.
The gold medal is called a Robbins Medal; astronauts had these medals struck to bring on their missions, starting with Apollo 7. On the obverse side, the Robbins Medals feature the insignia of the mission they were made for, so the Apollo 11 ones show an eagle landing on the lunar surface. This design was later adapted for the reverse of the Eisenhower and Susan B. Anthony dollars.
Only three Apollo 11 Gold Robbins Medals were struck, one for each astronaut on the mission. This one was brought along by Armstrong, who became the first man to walk on the moon’s surface on July 20, 1969.
NGC graded the medal NGC MS 67, while an affiliated company, CAG, certified its provenance to the Armstrong Family Collection.
Learn More →
Jul 14, 2019 | ANA, News
The American Numismatic Association (ANA) has awarded 2019 college scholarships to William Cooper from Woodlands, Texas, and Isaiah Hageman from Grand Rapids, Michigan. Each winner will receive a $1,000 scholarship to use toward tuition at an institution of their choice.
“The annual scholarship is an opportunity for the American Numismatic Association to expand on its core mission of education through higher learning,” said Rod Gillis, ANA education director. “There were many qualified candidates but the commitment of these two young people to numismatics is unparalleled. We are most proud of their accomplishments and are happy to help with their educational endeavors.” The recipients are eligible to receive the scholarship for up to four years.
For Cooper, numismatics is a generational hobby, passed down from his great-granddad. At age five, his father brought home boxes of pennies and they searched through them together. “After completing my first penny date set with my dad, I was hooked on the hobby,” said Cooper. “As an individual in Generation Z who grew older, what kept me fascinated with the hobby was incorporating technology such as eBay and Instagram to the numismatic field. The thought of viewing, buying and selling billions of dollars worth of numismatics at the touch of the fingertips has always boggled my mind.”
Cooper plans to attend Texas A&M to pursue a five-year master’s of economics program with a minor in mathematics and statistics. His plan is to continue with a career in numismatics, at a consulting or financial analyst job with a high-tech firm. With an entrepreneurial spirit and experience buying and selling coins through eBay, he has learned, “valuable lessons of running a business, the power of technology, and how to become profitable.”
The second scholarship recipient, Hageman, started in the field of numismatics when he bought his first spiralbound Red Book. In 2014 he joined the ANA and several other coin clubs after that. “My favorite thing about numismatics is the people and the education that comes from collecting,” he said. “I avidly collect sample slabs of all the major grading services, error coins, and the Apollo 11 commemoratives.”
Hageman has also received three ANA literary awards, two literary recognitions has published a book on sample slabs and is the Assistant Editor for The Cincinnati Numismatist. With his scholarship, he is planning to attend Calvin University to pursue a degree in music.
Applications for the 2020 ANA College Scholarship will be available in January. Recipients are selected based on academic scholarship, numismatic accomplishments and financial need. Applicants must be a senior in high school and a member of the ANA.
For additional information, contact Rod Gillis via email at gillis@money.org or call him at 719-482-9845.
The American Numismatic Association is a congressionally chartered, nonprofit educational organization dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its vast array of instructional and outreach programs, as well as its museum, library, publications and conventions. For more information, call 719-632-2646 or visit www.money.org.
Jul 7, 2019 | Auctions, News
(June 28, 2019—Lincroft, NJ)— Record prices fell at Legend Rare Coin Auctions’ June 2019 Regency Auction as multiple advanced Registry Set collectors fought it out to add finest known issues to their top ranking sets on the PCGS Registry. Besides the Finest Known coins, the action was as hot as the summer sun in the Las Vegas desert (it was a balmy 101 outside). Again, the explosive bidding activity proved that collectors of all areas were out in force to buy quality coins. As usual, PCGS/CAC coins garnered the most attention and most active bidding, realizing solid to extremely strong prices. The Regency Auction, which is the official auction of the PCGS Members Show, proves that even smaller sales get the same draw and attention of the larger conventions. While attendance was not strong at the show, pre internet and live during the sale internet bidding was the most active of ANY auction we have ever had. The top selling lots were a pair of Top Pop Mercury Dimes, which three very advanced collectors drove to shocking world record prices: lot 211, a 1931-S in PCGS MS67+ FB CAC realizing $270,250 and lot 220, a monster toned 1938-S PCGS MS68+ FB CAC sold for $364,250. All prices realized include the 17.5% Buyer’s Premium.
“Opening the sale was the Hunter Collection,” said Julie Abrams, president of Legend Rare Coin Auctions. “For the first hour and a half of the sale, it was standing room only with a huge crowd in the auction room. Collectors fought it out over and over, driving prices higher to take home the greatest prizes. The current market is as quality conscientious as ever, and Premium Quality coins (especially toners) are bringing premium bids!”
“Bidders on the phone, in the room, and online fought ferociously to bring home the prizes for their collections,” said Laura Sperber, founder of LRCA. “Julie, Jessica, and I were on the phone with bidders who really desired the absolute best coins. Clearly, Legend Rare Coin Auctions has built a clientele that are the strongest buyers, especially for the finest PCGS/CAC coins in the world and monster toned examples. We consistently sell top pop toners for world record prices that no other auction firm can touch! However, not everything had to be a pop 1 wildly toned piece to attract loads of bidder and realize strong prices. Even PCGS NO CAC coins preformed especially well ($20 1904 PCGS MS67 realized $73,437). A small group of exceptional Proof Barber dimes and quarters performed exceptionally well. Another area that performed strong: Morgan Dollars. Legend is a rising star among auction companies when it comes to selling the best quality Morgans.”
“Auction after auction, our boutique auction program gets the biggest buyers’ attention, and they return, every auction, knowing that we sell the very best coins on the market,” Julie Abrams stated. “That is why the consignors keep coming back. We offer much more then just auctioning your coins. If you have not yet consigned to our record breaking sales, now is the time to do so. We are now accepting consignments for our September Regency Auction, so contact one of our consignment specialists today. Take a look at these highlights (to name just a few) and let us do the same for you!”
- Lot 10. 10C 1798 Large 8. PCGS MS62 CAC From the Hunter Collection. Realized $30,550
- Lot 73. 1C 1955 Doubled Die. PCGS MS64 RD CAC. Realized $14,688
- Lot 92. 3CS 1855 PCGS PR64 CAC. Realized $13,513
- Lot 131. 5C 1911 PCGS PR67+ CAC. Realized $6,169
- Lot 167. 5C 1939 REV 38 PCGS PR68 CAC. Realized $6,168.75
- Lot 197. 10C 1916-D Mercury. PCGS MS64 FB CAC. Realized $38,775
- Lot 204. 10C 1923 PCGS MS68 FB CAC. Realized $35,250
- Lot 231. 10C 1943-D PCGS MS68 FB CAC. Realized $5,053
- Lot 242. 25C 1877 PCGS MS68 CAC. Realized $27,025 (wildly toned)
- Lot 268. 25C 1949-D PCGS MS68 CAC. Realized $43,475 (wildly toned)
- Lot 269. 25C 1952-D PCGS MS67+ CAC. Realized $21,150
- Lot 279. 50C 1876-CC PCGS MS66+ CAC. Realized $31,725
- Lot 290. 50C 1920-D PCGS MS65+ CAC. Realized $29,375
- Lot 306. 50C 1942-D PCGS MS68. Realized $34,075
- Lot 308. 50C 1943 PCGS MS68 CAC. Realized $28,200 (wildly toned)
- Lot 343. $1 1881-S PCGS MS66 CAC. Realized $11,163 (wildly toned)
- Lot 383. $1 1902-O PCGS MS67 CAC. Realized $19,387.50
- Lot 475. $20 1882-CC PCGS MS62 CAC. Realized $31,725
- Lot 482. $20 1904 PCGS MS67. Realized $73,438
- Lot 503. 50C 1935 Spanish Trail. PCGS MS68. Realized $17,038
- Lot 513. $1 1879 J-1629. PCGS PR67 CAC. Realized $36,425
- Lot 514. $3 1875 J-1436. PCGS PR65 RB CAC. Realized $73,438
Legend Rare Coin Auctions is a boutique numismatic auction company specializing in the finest and rarest U.S. coins. Founded in 2012 by Laura Sperber, the owner and president of Legend Numismatics, the premier rare coin retail firm. LRCA was, from the outset designed to be a different kind of rare coin auction firm. LRCA’s staff of numismatic auction industry veterans includes Julie Abrams, president; Greg Cohen, senior numismatist; and Jessica Berkman, consignment coordinator. The firm’s Regency Auctions serve as the official auction for the PCGS Members’ Shows, held six times per year. Since its founding, LRCA has sold many important collections, resulting in world-record prices, including the Coronet Collection of Morgan Dollars (#1 all time PCGS set); the David Hall—Bob Simpson Collection of Liberty Head Eagles; the Sunnywood-Simpson Collection of Morgan Dollars; the Phil Flannagan Collection of Territorial Gold, Toned Dollars, and 1795 coins; duplicates from the Gerald Forsythe Collections of Buffalo Nickels and Mercury Dimes; the Bob Simpson Collection of Standard Silver Patterns; the Northern Lights Collection of Monster Toned Morgan Dollars; the Crow River Collections of Indian Head $10s and Peace Dollars; the P.F.M Collection (former #6 PCGS Set of Morgan Dollars with varieties); the Oak Crest Collection of Carson City $5 gold; the Konstantine Collection of Capped Bust Half Dollars, the #1 PCGS Set of Red Book varieties, 1807-1836. The firm’s impressive record also includes the 2nd highest APR in 2016 with the sale of Bob Simpson’s duplicate 1879 $20 “Quintuple Stella” which realized $1,880,000. To consign to an upcoming auction or request information, visit www.legendauctions.com.
Jul 4, 2019 | News, U.S. Mint
WASHINGTON — United States Mint (Mint) Director David Ryder welcomed Royal Canadian Mint CEO Marie Lemay to the Mint’s Philadelphia coining facility today to launch the 2019 Pride of Two Nations Limited Edition Two-Coin Set™. The Set commemorates the nationhood of both countries with coins that capture their rich history, pride, and their close relationship as neighbors and friends. This unique product is a joint coin set between the two Mints.
“Not only do the United States and Canada share a border, but we also share history and many cultural values that have resulted in an enduring relationship,” Ryder said. “This coin set is a fitting tribute to our abiding friendship, strong alliance, and commitment to cooperation.”
The limited edition set became available for purchase today at noon EDT through the Mint’s online catalog at catalog.usmint.gov. Priced at $139.95, it contains a United States Mint American Eagle One Ounce Silver Coin with an enhanced reverse proof finish and a Royal Canadian Mint One Ounce Silver Maple Leaf Coin with a modified proof finish. The set comes with the first bilingual Certificate of Authenticity produced by the United States Mint.
A limited supply of the two-coin set was available for purchase following the brief ceremony, with Mr. Ryder and Ms. Lemay signing Certificates of Authenticity upon request.
The obverse (heads) of the American Eagle One Ounce Silver Coin features Adolph A. Weinman’s full-length figure of Liberty in full stride enveloped in folds of the flag, with her right hand extended and branches of the laurel and oak in he left. The coin’s reverse (tails) features a heraldic eagle with shield, an olive branch in the right talon and arrows in the left.
The obverse of the One Ounce Silver Maple Leaf Coin features the effigy of Her Majesty Queen Elizabeth II by Susanna Blunt on a radial lines background with a pattern of stars and maple leaves on the perimeter. The reverse features a maple leaf by Walter Ott on a radial lines background with a pattern of stars and maple leaves on the perimeter.
In addition to ordering through the Mint’s online catalog, orders for the 2019 Pride of Two Nations Limited Edition Two-Coin Set are being accepted at catalog.usmint.gov/ and 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order at 1-888-321-MINT. Information about shipping options is available at catalog.usmint.gov/customer-service/shipping.html.
Mintage of this historic set has been set at 110,000 units. Orders will be limited to five units per household for the first 48 hours of sales, after which the Mint will remove the limit.
Jul 2, 2019 | ANA, News
Voting members of the American Numismatic Association (ANA) have chosen five new candidates and four incumbents to the ANA Board of Governors for the 2019-21 election term. Clifford Mishler was the top vote receiver.
New members Muriel Eymery, Mary Lynn Garrett and Shanna Schmidt; returning members Michael Ellis and Clifford Mishler, will join current members Greg Lyon and Paul Montgomery on the Board of Governors, along with President-elect Col. Steven Ellsworth, Ret. and Vice President-elect Dr. Ralph Ross.
| For President |
Votes |
Col. Steven K. Ellsworth, Ret.
Brentwood, Tenneessee |
3,206 |
Dr. Donald H. Kagin
Tiburon, California |
2,849 |
| For Vice President |
Votes |
Dr. Ralph W. Ross
Sugar Land, Texas |
3,757 |
Thomas J. Uram
Eighty Four, Pennsylvania |
2,173 |
| Candidates for Governor |
Votes |
Clifford Mishler
Iola, Wisconsin |
4,479 |
Greg Lyon
St. Louis, Missouri |
3,951 |
Mary Lynn Garrett
Lexington, Kentucky |
3,935 |
Paul Montgomery
Guthrie, Oklahoma |
3,888 |
Shanna Schmidt
Oak Park, Illinois |
3,871 |
Michael L. Ellis
Camilla, Georgia |
3,473 |
Muriel Eymery
London, England |
3,133 |
| Unelected Candidates for Governor |
Votes |
Robert E. Oberth
Marietta, Georgia |
3,112 |
John W. Highfill
Broken Arrow, Oklahoma |
3,063 |
Rick Ewing
Beaumont, Texas |
2,024 |
In the event that a board member cannot fulfill their term, the runner-up will fill the vacant seat for the remainder of the two-year term.
The new board will be sworn-in at the annual ANA Banquet on Friday, Aug. 16, at the World’s Fair of Money® in Rosemont, Ill. Ellsworth will become the Association’s 61st president, succeeding current President Gary Adkins, who will serve as a non-voting, ex-officio member of the board.
Donald Kagin and Thomas Uram, having lost their bids for President and Vice President respectively, will be leaving the Board, as will John Highfill. Brian Hendelson did not seek re-election.
ANA members had the option to vote by either electronic or paper ballot. Out of 6,131 total votes, 4,283 were cast by paper ballot while another 1,848 members voted electronically, representing over 30 percent of votes cast.
The election was conducted and tabulated by Election Services Corporation of Hauppauge, New York. Overall, 19,737 ANA members were eligible to vote in this election; 31.06 percent of eligible voters participated. To be eligible to vote, members have to be at least 13 years old and a member of the Association for at least one year as of March 31 of the election year. In 2017, 19,425 members were eligible to vote; a total of 5,371 votes were cast, representing 27.65 percent of eligible members.
The American Numismatic Association is a congressionally chartered, nonprofit educational organization dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its array of instructional and outreach programs, as well as its museum, library, publications and conventions. For more information, call 719-632-2646 or visit www.money.org.
Jun 28, 2019 | News
CRIME PREVENTION INFORMATION
Jewelry Store Burglaries
Although the following information concerns jewelry stores, NCIC recently received two reports of coin shops having the power cut to their business.
During the past two months, numerous jewelry stores across the country have been the target of several Chilean Burglary crews. The suspects are highly mobile.
On June 22, 2019, suspects cut the power to a jewelry store in Kansas and attempted to break into the safe but their attempt failed. Police learned that four other jewelry stores had their power cut off the same night.
METHODS USED:
- Jewelry stores targeted on weekends, or nights before the day the store is closed. Holidays, such as the 4th of July, are also high-risk times.
- Burglars access the outside electrical panel and cut off power to the store, disabling alarms and camera systems.
- Burglars wait to see police or other response time and then wait until police depart.
- Burglars wait until back up battery is exhausted.
- Suspects are Chilean burglary crews reportedly based in California and Florida, but who travel throughout the U.S.
- Suspects may cut through the roof, or break into the jewelry store from a neighboring business, but also may break open or pry open front or rear doors.
- Suspects may cut power to numerous jewelry stores in the same area and wait to observe response time and then identify the best target store.
RECOMMENDATIONS:
- Shop owners must respond to cases of power interruptions at their stores.
- Make sure that your call list at the alarm company includes the owner and enough employees who will be available to respond, including during vacations, weekend and holiday nights, and at all other times.
- Shop owners or designated employees should not respond alone and need police to accompany them.
- Police should be alerted that there may be burglars near the store watching to see the response to the power line cut.
- Shop owners should inspect their electrical box on a regular basis and report to police and JSA any sign of tampering with it even if the power is not cut off and no burglary occurred.
- You must have alarm protection for your store that covers all possible means of entry, including the roof and sidewalls.
- You must have line security to protect you if your alarm system is disabled.
- The interior and exterior of the premises must be checked, including the roof and all possible means of entry.
Shop owners should have alarm policy and procedures in place and reviewed with employees and family members periodically. Yearly alarm system assessment and maintenance should be conducted to detect any problems or identify the need for additional equipment or system upgrades.
*** DO YOU KNOW WHAT THE AVERAGE RESPONSE TIME IS OF YOUR LOCAL LAW ENFORCEMENT AGENCY?” ***
Doug Davis
Founder/President
NCIC
817-723-7231
Doug@numismaticcrimes.org
Jun 27, 2019 | APMD, News
(Temecula, California) June 26, 2019 – With the recent, rapid jump in the price of gold, investors should beware of scam artists trying to lure them with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits, cautions leaders of the Accredited Precious Metals Dealer (https://apmddealers.org) program, a division of the nonprofit Professional Numismatists (www.PNGdealers.org).
“Don’t make a hasty decision based on slick advertisements. Don’t make any purchase until you have shopped around and learned the competitive prices from reputable, accredited dealers,” advised Robert Brueggeman, Executive Director of the Professional Numismatists Guild (PNG).
“If you don’t know precious metals coins, you’d better know your precious metals coins dealer! You don’t want to unwittingly buy counterfeits or send money to an unscrupulous seller who completely fails to deliver ordered merchandise,” warned Brueggeman.
Members of the PNG Accredited Precious Metals Dealer (APMD) program must adhere to a strict code of ethics in the buying and selling of numismatic bullion items and guarantee the authenticity of the merchandise they sell.
Members of the PNG Accredited Precious Metals Dealer (APMD) program must adhere to a strict code of ethics in the buying and selling of numismatic bullion items and guarantee the authenticity of the merchandise they sell.
A directory of PNG/APMD members can be found at www.apmddealers.org/apmd-dealers. For additional information, contact the Professional Numismatists Guild at 951-587-8300 or by email at info@PNGdealers.org.
