Numismatic Literary Guild Appoints Patrick Ian Perez Executive Director

NLG Executive Director Patrick Ian Perez

NLG Executive Director Patrick Ian Perez

(May 4, 2022) — The executive board of the Numismatic Literary Guild (www.NLGonline.org) has appointed Patrick Ian Perez as Executive Director of the organization. He succeeds Charles Morgan, who has served in the position since April 2021.

A professional numismatist since 2008, Perez is the Vice President of Content and Development for CDN Publishing (www.greysheet.com), publishers of Monthly Greysheet, CAC Rare Coin Market Review, Greensheet, and other numismatic reference guides.

“I am excited to take on this opportunity and am optimistic about the future of the NLG,” said Perez. “Numismatic writing and research are very important to the industry, and I look forward to collaborating with as many people as possible to advance the NLG mission.”

Outgoing Executive Director Morgan, editor-in-chief of CoinWeek (www.CoinWeek.com), said, “Patrick takes the position at an important time for the organization. As the hobby continues to evolve in surprising ways, it is important to have innovative leaders. Patrick has the full confidence of me and the board. We know that he will continue to move the NLG forward.”

The NLG has begun accepting entries for its annual awards competition that is open to any paid-up NLG as of May 1, 2022. The deadline for submitting entries to Awards Coordinator David W. Lange is June 4. Awards categories, rules, and entry submission information can be found online at www.NLGonline.org/news/2022-numismatic-literary-guild-awards-competition.

The NLG Board of Directors members are Bob Fritsch, Ron Guth, Dr. Ursula Kampmann, Michael Shutterly, Mel Wacks, and Doug Winter. Maurice Rosen serves as Treasurer and Walter Ostromecki as Secretary.

The Numismatic Literary Guild is a nonprofit organization open to all full-time or part-time editors, authors, writers, bloggers, and content producers who cover news and feature stories about all forms of money, medals, and tokens as collectibles. For information about becoming an NLG member, visit www.NLGonline.org/membership/.

Volunteer State Ends Tax On Coins, Currency, and Bullion

Tennessee has gained a complete sales-tax exemption on the retail sales of coins, currency, and precious-metals bullion. On April 27, 2022, the Tennessee House substituted Senate Bill 1857: Exempts certain sales of gold, silver, platinum, and palladium coins and bullion from the sales and use tax, for House Bill 1874, and passed Senate Bill 1857. The Senate concurred on April 28, 2022. The exemption will take effect upon receiving the governor’s signature or 10 days after it reached the governor’s desk if he takes no action.

“Over the last seven years, Representative Bud Hulsey and Senator Frank Nicely have shown unrelenting perseverance in an effort to get this measure passed,” said NCBA executive director David Crenshaw. “The dedication of Representative Hulsey and Senator Nicely in sponsoring and championing their bills through multiple Assembly sessions has never wavered, and dealers Col. Steven Ellsworth (ret.), David Hall, and Bruce Paulhamus gave their efforts a much-needed shot in the arm in 2019, when they formed the Tennessee Precious Metals, Coin & Currency Coalition and hired Bass, Berry & Sims to lobby for us. Ellsworth’s determination, especially, rallied the state’s dealers and collectors to help push this exemption through.”

Last year Representative Ron Gant and Senator John Stevens introduced companion bills to exempt certain sales of gold, silver, platinum, and palladium coins and bullion from the sales and use tax. House Bill 514 and Senate Bill 870 were introduced on February 4, 2021, and February 11, 2021, respectively. The Tennessee Precious Metals, Coin & Currency Coalition hired a lobbyist team from Bass, Berry & Sims to monitor the progress of each bill as they moved through the state’s legislative process. The House Finance, Ways & Means Subcommittee placed HB 514 behind the budget, and the Senate Finance, Ways and Means Subcommittee referred SB 870 with a negative recommendation. Unfortunately, as with the Hawaii legislature early in 2021, a provision in the American Rescue Plan Act of 2021 halted any further action to include the bill in the budget. The legislature adjourned sine die, not to reconvene until January 2022.

In the summer of 2021 the Tennessee Advisory Commission on Intergovernmental Relations studied the feasibility of a gold depository in Tennessee. Although the study found that there was not enough demand for such a depository to be viable, the report did suggest that the General Assembly should “consider a sales-tax exemption for precious metal coins and bullion if it becomes clear that the exemption will not violate the American Rescue Plan Act.” November saw U.S. District judge L. Scott Coogler of the Northern District of Alabama issue an injunction in favor of a lawsuit brought forward by 13 states, alleging that the provision in the American Rescue Plan Act that limited state tax cuts was unconstitutional. This court injunction halted enforcement of that provision in the act limiting state tax cuts and opened the way for new bills to move through the assembly during the 2022 session to create an exemption for coins and bullion.

In 2022 Representative Bud Hulsey agreed to sponsor and champion House Bill 1874: As introduced, exempts certain sales of gold, silver, platinum, and palladium coins and bullion from the sales and use tax. Its companion bill was Senate Bill 1857, sponsored by Senator Frank Nicely. SB 1857 was referred to the Senate Finance, Ways and Means Committee with a negative recommendation from the Senate Finance, Ways and Means Revenue Subcommittee on March 1, 2022, and placed on the calendar to be heard April 19, 2022, although its companion bill, HB 1874, was placed behind the budget in the House. Neither of these bills appeared to be moving and would most likely not be considered further during the 2022 session.

As the coalition and NCBA continued investigating other options to create an exemption this year, SB 1857 was placed on the Senate Finance, Ways, and Means Committee calendar for April 26, 2022. This committee recommended the bill for passage, and the next day the Senate passed the bill, 25 to 5. The bill was then sent to the House where it was substituted for its companion HB 1874. A very minor language change to the bill was adopted, which revised the criterion to refer to sales based “primarily” on intrinsic value as precious material or collectible items. The House passed the bill unanimously.

“It has been a long road to get Tennessee a coin, currency, and bullion sales-tax exemption. The way the dealers and collectors of our state have stepped up to contact their legislators has made a huge difference,” said Col. Ellsworth. “We are so glad the way opened to get our exemption passed this year. We are thankful for the efforts of Representative Hulsey and Senator Nicely, our legal team at Bass, Berry & Sims, and the National Coin & Bullion Association’s executive director, David Crenshaw, and board member Pat Heller in reaching our goal.”

Tennessee now joins 40 other states that have complete or partial sales-tax exemptions on the retail sales of coins, currency, and precious-metals bullion. Of those states, five (Alaska, Delaware, Montana, New Hampshire, and Oregon) have no state sales tax at all, while the other 35 states had enacted legislation and adopted regulations to exempt such merchandise. That leaves only nine states and the District of Columbia that still charge sales taxes on the retail sales of coins, currency, and precious-metals bullion.

2022 Kennedy Half Dollar Product Options Available May 5

WASHINGTON – The United States Mint (Mint) will accept orders for rolls and bags of the 2022 Kennedy Half Dollar coins beginning May 5 at noon EDT. Available product options include the following:

PRODUCT CODE PRODUCT OPTION MINT MARK PRICE
22KA 200-Coin Bag P and D $147.00
22KB Two-Roll Set P and D $34.50

2022 Kennedy Half DollarsBoth product options contain circulating finish coins that have never been placed in circulation. The coin rolls are wrapped in United States Mint paper coin wrap marked with a “P” or “D” for the mint of origin and “$10” for the face value. The bags are marked with a “P” or “D” for the mint of origin and “$100” for the face value of the contents.

The Mint launched the Kennedy Half Dollar coin in 1964 following the assassination of President John F. Kennedy in 1963. The coin’s obverse (heads) features the original 1964 design of President Kennedy with the inscriptions “LIBERTY,” “IN GOD WE TRUST,” and “2022.” The reverse (tails) design is based on the Presidential Coat of Arms. Inscriptions are “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “HALF DOLLAR.”

To set up REMIND ME alerts for the Kennedy Half Dollar products, visit:

The Kennedy Half Dollar bags and rolls are also available for purchase through the Mint’s Product Enrollment Program. Enrollments work like a magazine subscription. Once you sign up, you will receive the next product released in the series and continue to receive products until you end your enrollment. To learn more, visit Kennedy Half Dollars Enrollments US Mint Catalog Online.

Note: To ensure that all members of the public have fair and equal access to United States Mint products, the United States Mint will not accept and will not honor orders placed prior to the official on-sale date of May 5, 2022, at noon EDT.

To reduce the risk of employee exposure to COVID-19 in the workplace, the Mint’s sales centers are closed until further notice. Please use our website for all order placements or call 1-800-USA-MINT (872-6468).

Regency Auction 51 Featuring Specialized Early Dollar and Pattern Collections Bring Glorious Results

(Lincroft, NJ. 4/29/2022)—Legend Rare Coin Auctions’ Regency 51, featuring the first parts of the Dale Friend Collection and Glorious Patterns Collection, took place on the evening of April 28, 2022, and the sale was a roaring success! The sale began with first portion of the Dale Friend Collection, including his collection early silver dollars. From the day the sale went live, a record number of collectors and dealers started watching the sale, tracking the lots. For decades, Dale would attend coin shows, conventions, and auctions all over the United States, seeking out the coins that had “the look.” In those travels, Dale befriended many collectors and dealers, and it was obvious that demand for his coins would be intense.

“Dale was a real collector’s collector,” said Laura Sperber, founder of Legend Rare Coin Auctions. “He was a real friend and supporter of both Legend Rare Coin Auctions and Legend Numismatics. Once we saw what he had left when he passed, we knew the results were going to be very strong, especially in this market. Take a look at these highlight lots from the first portion of Dale’s Collection:”

  • Lot 2. 1C 1925-S PCGS MS65 RD CAC, realized $30,550.00
  • Lot 12. 25C 1905-O PCGS MS66+ CAC, ex Pogue, realized  $21,150.00
  • Lot 19. $1 1795 2 Leaves. PCGS AU58 CAC, ex Col. Green/Eric Newman, realized $105,750.00
  • Lot 23. $1 1795 Centered Bust. PCGS AU53, realized $34,075.00
  • Lot 28. $1 1797 9X7 Stars, Small Letters. PCGS XF40 CAC, ex Eliasberg, realized  $30,550.00
  • Lot 30. $1 1798 Small Eagle, 13 Stars. PCGS AU58 CAC, ex Cardinal-Legend, realized $205,625.00
  • Lot 36. $1 1799 8X5 Stars. PCGS AU58 CAC, ex Hesselgesser/Cardinal, realized  $41,125.00
  • Lot 41. $1 1800 10 Arrows. PCGS AU55 CAC, ex Hesselgesser/Cardinal, $36,425.00
  • Lot 46. $1 1802 Narrow Date. PCGS AU58, realized $38,775.00
  • Lot 50. $5 1809/8 PCGS MS64+ CAC, realized $79,312.50
  • Lot 51. $5 1827 PCGS AU58+ CAC, realized $79,312.50.
  • Lot 53. $20 1881-S PCGS MS63+ CAC, ex Saddle Ridge Hoard, realized $29,375.00

“The results show that even non-CAC approved coins are doing quite well in this market,” Sperber continued.

After the Friend Collection coins sold, the auction progressed into type coins, silver dollars, patterns (anchored by the Glorious Patterns Collection, Part 1), and then gold and commemoratives.

“The Glorious Pattern Collection did far better than we expected. There were many collectors bidding and many of them were new,” said Jessica Berkman, newly named President of Legend Rare Coin Auctions. “The 20C Patterns were especially crazy! Three lots, 326 (The Bass J-1356. PCGS PR65 CAC); 328 (J-1398. PCGS PR65 CAM CAC); and 329 (J-1404. PCGS PR65 RB CAC), estimated at $38,000 realized $95,175!”

Other sale highlights included:

  • Lot 137. 25C 1932-S PCGS MS65+ CAC $9,987.50
  • Lot 161. 50C 1939 PCGS MS68+ CAC $49,937.50
  • Lot 214. $1 1881-S PCGS MS67 CAC $19,387.50
  • Lot 234. $1 1884-O PCGS MS62 CAC $$3,055.00
  • Lot 247. $1 1885-O PCGS MS65 CAC $8,812.50
  • Lot 384. $5 1802/1 PCGS MS64+ CAC $102,812.50
  • Lot 417. $20 1922 PCGS MS65+ CAC $18,212.50

Ms. Sperber concluded her comments on the state of the market by saying: “We consider the overall results being very strong. The only areas that showed some weakness was non-CAC Type. Generic gold, of course was super strong, reflecting not just the strength of the numismatic market, but also the increased demand during these uncertain economic times.”

Legend’s next auction will be held on May 28, 2022 in New Orleans, the official auction of the PCGS Members Only Show. Anchored by the Dale Friend Collection, Part 2, the Oak Collection of Mint State $3 Gold Pieces, and the Glorious Patterns Collection, Part 2, this will be another amazing numismatic event. The firm is accepting consignments for Regency Auction 53 (July) and beyond. Talk to us about consigning your coins to our blockbuster auctions!

Jack H. Beymer Recipient of PNG’s Renamed Harvey G. Stack Lifetime Achievement Award

The Professional Numismatists Guild announced its 2022 awards on PNG Day, April 27, in conjunction with the Central States Numismatic Society convention

(Schaumburg, Illinois) April 28, 2022 – The Professional Numismatists Guild (www.PNGdealers.org) has named its annual Lifetime Achievement Award in honor of former PNG President Harvey G. Stack of New York City who passed away earlier this year at the age of 93. The 2022 recipient of the newly-named award is veteran California dealer Jack H. Beymer.

“Harvey Stack was an icon of the numismatic world, a respected dealer who emphasized the educational importance as well as enjoyment of collecting. He joined PNG in 1978 and served as our President from 1989 to 1991. The PNG Board voted unanimously to recognize his outstanding achievements by adding his name to one of our most important annual awards,” explained PNG Executive Director Robert Brueggeman.

The Harvey G. Stack Lifetime Achievement Award is presented by PNG to a numismatist for his or her extraordinary devotion to numismatics and who, over their lifetime, significantly contributed to the hobby or profession. This year’s recipient, Jack Beymer, has operated Big Oak Plaza Coins in Santa Rosa, California since 1971 and is known nationwide for his passion for the hobby and profession. He joined PNG in 1975.

That award and other 2022 PNG honors were announced at the organization’s awards reception held in conjunction with PNG Day, April 27, at the Central States Numismatic Society convention in the Chicago suburb of Schaumburg, Illinois.

The Robert Friedberg Award, presented to an author in recognition for an outstanding book or other literature, was given to Rusty Goe of Southgate Coins in Reno, Nevada, author of The Confident Carson City Coin Collector. This acclaimed three-volume, 2,500-page reference work is about the historic Nevada branch mint and coins struck there from 1870 to 1893.

The Significant Contribution Award was presented to James A. Simek of NumisGraphic Enterprises in Westchester, Illinois for his exceptional, beneficial efforts over the years on behalf of PNG as well as the profession and the hobby. Simek joined PNG in 1980, has been a member of the PNG Board since 2009, and has served as PNG Secretary since 2015.

The Sol Kaplan Award that recognizes efforts and contributions to combat crimes against the numismatic community was presented to Jack D. Young of Dayton, Ohio for his help to fight fraud and thievery. Young has extensively assisted researchers, third-party grading services, online shopping platforms, and law enforcement in the identification of deceptive fakes offered in the marketplace and is the founder of the Facebook counterfeit watch group, “The Dark Side.”

In a related honor, the Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) presented its annual Alan Kreuzer Memorial Award to Chris Hersey, Senior Special Agent for the United States Department of the Treasury Office of Inspector General. ACEF Director of Anti-Counterfeiting Doug Davis said that Agent Hersey has been instrumental in assisting ACEF in coordinating cases with the different levels of federal agencies responsible for the investigation of counterfeit coins and precious metals. He also assisted ACEF in conducting anti-counterfeiting and numismatic crimes educational seminars for law enforcement in California and Texas.

The PNG also recognized three dealers for 50 years of membership by presenting them with complimentary Lifetime Memberships: Harlan J. Berk of Harlan J. Berk, Ltd., Chicago, Illinois; Lyn F. Knight of Lyn F. Knight, Overland Park, Kansas; and Julian M. Leidman of Bonanza Coins in Silver Spring, Maryland.

Berk, who served as PNG President from 2001 to 2003, joined PNG 51 years ago in 1971, however, last year’s awards ceremony was not held because of the pandemic, so the formal recognition was delayed until this year’s event.

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 in the buying and selling of numismatic merchandise. The organization also has an Accredited Precious Metals Dealer program (www.APMDdealers.org).

For additional information, 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.

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