Recent news stories questioning what some dealers charge when selling gold coins reinforces what experts have advised for years: do your homework first.
Investors should become knowledgeable before purchasing precious metal bullion coins as a financial investment or economic hedge, according to officials of the Professional Numismatists Guild (www.PNGdealers.com), a nonprofit California-based organization founded in 1953 that's composed today of the country's top rare coin and bullion coin dealers who must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise [...]
The Professional Numismatists Guild (www.PNGdealers.com) has formed a committee composed of PNG members and non-members to research and draft an industry-acceptable definition of "coin doctoring."
"They will draft an exhaustive but concise definition. Coin doctoring is a crucial, perplexing issue that needs to be addressed for the benefit of collectors and dealers," said Jeffrey Bernberg, PNG President. "We're determined to get this done."
The committee is headed by John Albanese, President of Certified Acceptance Corporation (CAC) and the [...]
Promptly responding to dealers' comments about the first Official ANA-PNG Pre-Show in Chicago, leaders of the American Numismatic Association and the Professional Numismatists Guild have announced significant changes for next year's event in Philadelphia.
"There's always room for improvement in any show, but I think we laid a good foundation in our first attempt at a joint event, and the next show will be even better," said incoming ANA President Tom Hallenbeck. "We have constructive ideas for Philadelphia in 2012 and when we return to the Chicago area in 2013."
Leaders of the ANA and PNG met on August 15, 2011 during the pre-show in the Chicago suburb of Rosemont, Illinois to take action on dealers' concerns. Among the [...]
The Professional Numismatists Guild announced winners of the organization's 2011 awards at the PNG Day summer banquet, August 15, 2011, on the eve of the American Numismatic Association World's Fair of Money in the Chicago suburb of Rosemont, Illinois.
"These prestigious, annual awards formally recognize achievements in various areas of the hobby and profession," said Robert Brueggeman, PNG Executive Director.
PNG Immediate Past President and current board member, Paul Montgomery, received the Abe Kosoff Founders Award [...]
Jeffrey F. Bernberg of Rare Coin Company of America, Willowbrook, Illinois, has been selected to serve as President of the Professional Numismatists Guild for the 2011 - 2013 term.
Other officers selected by the PNG Board are Vice President Terry Hanlon of Dillon Gage Metals Division, Addison, TX; Secretary Dana S. Samuelson of American Gold Exchange, Austin, TX, and Treasurer Fred Weinberg of Fred Weinberg & Company, Encino, CA [...]
Results of the election have been announced for the new Board of Directors of the Professional Numismatists Guild.
"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 upcoming August 12 meeting, the nine-member Board will choose the President, Vice President, Secretary and Treasurer," explained Robert Brueggeman, PNG Executive Director [...]
Award-winning author Jeff C. Garrett will present a free public seminar, How to Accurately Value United States Coins, during the Official ANA-PNG Pre-Show in the Donald E. Stephens Convention Center in the Chicago suburb of Rosemont, Illinois, on Monday, August 15, 2011.
The two-hour seminar will begin at noon in room 55, and is part of the ongoing PNG Share the Knowledge educational programs for collectors and dealers at major coin shows around the country.
The price you pay for a coin can have profound consequences on your long-term investment in rare coins; yet determining a coin's value can be [...]
The Professional Numismatists Guild has added a third PNG Day show during 2011. It will be held in Pittsburgh on October 12, the day before the American Numismatic Association's National Money Show there.
Dealers who take a table at the upcoming ANA-PNG Official Pre-Show in Chicago, August 13 - 15, will get a $100 discount on tables for the Pittsburgh PNG Day, October 12, and be entered in a drawing for a free table for the Pittsburgh PNG Day [...]
Daniel Gibson, 18, of Perrysburg, Ohio, who was introduced to coin collecting less than a year ago, is the winner of the Professional Numismatists Guild 2011 Young Numismatist Scholarship to attend the American Numismatic Association Summer Seminar in Colorado Springs, Colorado.
Gibson became interested in the hobby through his friendship with last year's PNG YN Scholarship winner.
"The PNG scholarship will provide Daniel with airfare, tuition for one of the two week-long Summer Seminar sessions in [...]