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Be Wary of So-Called “Trump Coins,” Cautions Professional Numismatists Guild

January 28, 2017 in Collecting, Education, Investing, Medals, News, Numismatica, Numismatics, Opinion, PNG Professional Numismatists Guild, Press Releases, PSA, Tokens, US Mint

CORRECTED: January 27, 2017
News media contact:
Robert Brueggeman, (917) 587-8300

Be Wary of So-Called “Trump Coins,”
Cautions Professional Numismatists Guild

 

(Temecula, California) – So-called “Trump coins” are being offered in the marketplace, and they may be delightful souvenirs, but in many cases should not be mistaken for “rare coins,” cautions the Professional Numismatists Guild (www.PNGdealers.org).  In some cases, the items being offered are not even actually coins despite how they’re advertised, according to the PNG.

“Buyers today may be bitterly disappointed tomorrow if they mistakenly thought these kinds of souvenir items would be great investments,” stated PNG Executive Director Robert Brueggeman.

The PNG is a nonprofit organization composed of many of the top rare coin and paper money experts in the United States and six other countries.

PNG President Dana Samuelson points out that the United States Mint has not issued any coins or medals depicting President Donald J. Trump.  

“The so-called Trump coins now in the marketplace are either privately issued tokens or medals and not legal tender coins; or are genuine U.S. Mint-produced coins that have been deliberately altered by private parties after they left the Mint; or are coins produced by foreign countries but usually intended only for collectors and not for circulation in those countries,” explained Samuelson.

Some of the “Trump coins” being sold to the public are touted as gold or silver plated, but PNG cautions that can be confusing or misleading to potential buyers.

“The plating may be simply a microscopically thin layer of silver or gold that’s worth only a dollar or two. These should not be considered as investments in precious metals.  These kinds of novelty items often have little or no secondary market value,” stated PNG Executive Director Robert Brueggeman.

PNG officials recommend that buyers and sellers contact members of their Accredited Precious Metals Dealers (APMD) program.  PNG-APMD members must adhere to a strict code of ethics in the buying and selling of coins and precious metals.

Information about APMD, its code of ethics and a directory of accredited dealers can be found at www.APMDdealers.org, or call the Professional Numismatists Guild at (917) 587-8300.

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Numismatic Literary Guild Awards 2016 Prizes to Seven Whitman Publishing Authors

August 12, 2016 in ANA (American Numismatic Association), Awards, Bank Notes, Books, Coin Shows, Coins, Collecting, Competition, Conventions, Education, Events, Exunumia, History, Investing, News, Numismatic Literary Guild, Numismatic Societies and Clubs, Numismatica, Numismatics, Prize Winners, Rare Coins, Reference, Tokens, U.S. Notes, USA Coins, World Coins

By: Whitman Publishing News.CoinUpdate.com (Coin Update News)

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(Anaheim, California)—The Numismatic Literary Guild announced the awards for its annual Writers Competition at the American Numismatic Association World’s Fair of Money in Anaheim, Thursday, August 11, 2016.

Seven Whitman Publishing authors received recognition in categories covering U.S. coins, U.S. paper money, world coins, numismatic investments, and tokens and medals. They were:

Michael Moran and Jeff Garrett: “Best Specialized Book, U.S. Coins,” for 1849: The Philadelphia Mint Strikes Gold, a chronicle of the trials and tribulations of the U.S. Mint in the first half of the 19th century and the tremendous impact that the 1848 discovery Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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