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Barry Stuppler Selected As New PNG President

August 1, 2017 in Clubs and Associations, Coin Shows, Coins, Collecting, Conventions, Events, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Precious Metals, USA Coins, World Coins

News media contact:

Robert Brueggeman, 951-587-8300

Barry Stuppler Selected As New PNG President

PNG President Barry Stuppler Photo credit: Donn Pearlman

PNG President Barry Stuppler Photo credit: Donn Pearlman

(Denver, Colorado) August 1, 2017 – Officers of the Professional Numismatists Guild (www.PNGdealers.org) have selected Barry Stuppler to be the organization’s President for the 2017 – 2019 term. Stuppler was selected during the PNG Board of Directors meeting in Denver, Colorado on July 30, 2017.

He is President of Stuppler & Company, Inc. in Woodland Hills, California as well as President of the California Coin and Bullion Merchants Association and Chairman of the Gold and Silver Political Action Committee.  He also is a former President of the American Numismatic Association (ANA).

“One of the first projects I want to launch during my presidency is to have PNG jointly work with the ANA and the United States Mint to create for April 2018 the largest, most exciting National Coin Week we’ve ever seen. Virtually everyone is interested in ‘money.’  We need to capture the public’s underlying interest and show them the enjoyment of numismatics,” said Stuppler.

Other goals during his presidency will be on-going counterfeit detection and fraud detection educational programs for PNG members, and increasing the benefits of PNG membership. Stuppler also wants to establish professional marketing programs for PNG and the PNG Accredited Precious Metals Dealer program (PNG-APMD).

The other PNG officers selected for the 2017 – 2019 term are: Vice President Richard Weaver of Delaware Valley Rare Coin, Broomall, Pennsylvania; Treasurer Wade Milas of RARCOA, Willowbrook, Illinois; and Secretary James A. Simek of Numisgraphic Enterprises, Westchester, Illinois.

In addition to the officers, PNG Board members for the new term are Immediate Past President Dana Samuelson of American Gold Exchange, Austin, Texas and three new Board members: John Brush of David Lawrence Rare Coins, Virginia Beach, Virginia; Brett Charville of Standard Numismatics, Chicago, Illinois; Don Ketterling of D.H. Ketterling Consulting, Reno, Nevada; and Don Rinkor of Rinkor Rare Coins, Santa Rosa, California.

“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 July 30, 2017 meeting in Denver, Colorado the nine-member board chose the President, Vice President, Treasurer and Secretary,” explained PNG Executive Director Robert Brueggeman.

Founded in 1955, the Professional Numismatists Guild is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.  A directory of dealers, the PNG Member Code of Ethics and the organization’s Collector’s Bill of Rights can be found at www.PNGdealers.org.

For additional information, contact the PNG by email at info@PNGdealers.org or by phone at 951-587-8300.

 

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James Earl Jones Coin Collecting Video Available Free on New PNG YouTube Channel

May 25, 2017 in Ancient Coins, Antique Coins, Coins, Collecting, Education, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins, World Coins

News media contact:
Robert Brueggeman
Professional Numismatists Guild Executive Director
951-587-8300

James Earl Jones Coin Collecting Video
Available Free on New PNG YouTube Channel

 

Screen grab image of actor James Earl Jones

Screen grab image of actor James Earl Jones

(Temecula, California) May 25, 2017 – The award-winning educational video, “Money: History in Your Hands,” narrated by acclaimed actor James Earl Jones, now is available for free viewing on the Professional Numismatists Guild YouTube.com channel.

“We currently have more than a dozen videos about rare coins, paper money and precious metals available for complimentary viewing on PNG’s YouTube channel. They will be helpful for beginners to advanced collectors and investors with informative advice about buying, storing and selling numismatic items as well as gold, silver and platinum bullion items,” said PNG Executive Director Robert Brueggeman.

“An important part of our educational effort is the video, ‘Money: History in Your Hands,’ jointly created by PNG and the American Numismatic Association, and hosted on camera by James Earl Jones. It gives viewers a compelling overview of the history of money, and how it relates to art, culture, history, politics and religion,” explained Brueggeman. “The 29-minute video is available for convenient viewing in two parts.”

Other informative PNG videos focus on topics of discovering the enjoyment of coin collecting, how to determine the value of your coins, and the importance of working with a reputable, knowledgeable dealer when you buy or sell.

All of the videos are can be viewed at: https://www.youtube.com/channel/UCb5co6ZLKPitRAw-6pDxeCw

Founded in 1955, the Professional Numismatists Guild is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.  A directory of dealers, the PNG Member Code of Ethics and the organization’s Collector’s Bill of Rights can be found at www.PNGdealers.org. For additional information, contact the PNG by email at info@PNGdealers.org or by phone at 951-587-8300.

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Note By: Numismatica.com

Here are the links to the two specific videos;

Part 1: https://youtu.be/Ir_oCtaXloc

Part 2: https://youtu.be/gb3mgkYMssM

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California Teenager Named PNG 2017 Scholarship Recipient

May 10, 2017 in ANA (American Numismatic Association), Awards, Coin Shows, Coins, Collecting, Competition, Conventions, Education, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Prize Winners, Seminars, Young Collectors

For immediate release
News media contact:
Robert Brueggeman for PNG, (951) 587-8300

California Teenager Named
PNG 2017 Scholarship Recipient

 

Professional Numismatists Guild logo

Professional Numismatists Guild logo

(Temecula, California) May10, 2017 – A Southern California teenager whose jubilant coin collecting passion has enthralled his family and high school friends has been selected to receive the Professional Numismatists Guild (www.PNGdealers.org) 2017 Young Numismatist Scholarship.

“This year’s PNG scholarship is being awarded to Grant Shobar, 17, of Laguna Niguel, California. It will cover airfare, tuition for one of the two week-long American Numismatic Association Summer Seminar (www.money.org/summer-seminar) sessions, meals and five nights of dormitory accommodations on the campus of Colorado College, site of the ANA headquarters,” announced PNG Executive Director Robert Brueggeman.

As a youngster, Grant collected an assortment of items ranging from hotel room keys to football cards, marbles and stamps. He began collecting coins five years ago and has been an avid young numismatist since then.

“My passion for coin collecting never ends, and every hour I spend, whether organizing or analyzing a coin I am interested in buying, flies by and I enjoy every moment of it,” Grant explained.

Grant Shobar, PNG 2017 YN scholarship winner. (Photo courtesy of Shobar Family.)

Grant Shobar, PNG 2017 YN scholarship winner. (Photo courtesy of Shobar Family.)

“I was so thrilled when I learned that I won this year’s scholarship.  I went to the Summer Seminars the past two years, and the experiences were incredible.  It definitely brings collecting to a whole new level. This scholarship will help me expand my interest in the hobby and collecting,” added Grant who wants to take a Summer Seminar class on Seated Liberty coinage.

He will be a Senior this fall at Dana Hills High School in Dana Point, California. He started the Numismaniacs Coin Club at the school during his Freshman year.  Grant also has written articles for various hobby publications, including the ANA’s magazine, The Numismatist, and enjoys attending the Long Beach Coin, Currency, Stamp & Sports Collectible Show.

His parents, Mark and Cathy Shobar, and his sister, Hayleigh, have been delighted with Grant’s enthusiasm for collecting.

“We were excited (when Grant was notified about the PNG scholarship).  He literally lives and breathes coins; that’s all he talks about. He’s so passionate about the hobby.  His sister loves to listen to Grant talk about coins.  He teaches us all.  Now we’re always looking at all the coins and currency that come through our hands.  We learn from him,” said Cathy Shobar.

“I think this scholarship is a great opportunity for kids, a win-win for parents and their children. Not only are they learning about coins, a very valuable hobby, it teaches them more about many other topics.  We’re very blessed that he has such a passion for coins,” she added.  

Grant offers this advice for prospective collectors: “Everyone considering collecting should delve into the hobby.  Knowledge is key. Coins are really the best hobby because it is so diverse, there’s an option for everyone.”

This is the 13th consecutive year of PNG YN scholarships for the popular, annual ANA educational Summer Seminar programs.  

“The money to pay for the annual PNG YN Scholarship is administered from PNG’s Gerald Bauman Memorial Fund.  Bauman, who died in 2001, served for many years as a prominent coin dealer with Manfra, Tordella & Brookes in New York City,” explained PNG President Dana Samuelson.

            The PNG is a nonprofit organization composed of many of the top rare coin and paper money dealers in the United States and six other countries.  PNG member-dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise.  For additional information about PNG, visit online at www.PNGdealers.org or call (951) 587-8300.

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Plans Announced for 2017 PNG-ANA Numismatic Trade Show

April 12, 2017 in ANA (American Numismatic Association), Clubs and Associations, Coin Shows, Collecting, Conventions, Events, Grading, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, USA Coins

For immediate release
News media contact:

Robert Brueggeman, 951-587-8300

 

Plans Announced for 2017 PNG-ANA Numismatic Trade Show

(Denver, Colorado) April 12, 2017 – The first 50 public attendees at the 2017 PNG-ANA Numismatic Trade Show in Denver, Colorado, July 31, 2017, will each receive a certificate good for $100 off any purchase of $500 or more from a participating PNG member-dealer at the show.

For the convenience of collectors and dealers, the 2017 event jointly conducted by the Professional Numismatists Guild (www.PNGdealers.org) and the American Numismatic Association (www.money.com) will be held on one day instead of three.  This year’s PNG-ANA Numismatic Trade Show will be held in Hall F of the Colorado Convention Center, 700 14th Street, Denver, site of the ANA World’s Fair of Money® that begins the next day.

Representatives of Numismatic Guaranty Corporation (www.NGCcoin.com), the official rare coin authentication and grading service of PNG and ANA, and representatives of Professional Coin Grading Service (www.PCGS.com) will be on-site to accept submissions during the show.

“The PNG-ANA show gives you the upfront opportunity to see the best material available from the top dealers as well as an early opportunity to offer coins, bank notes, tokens and medals for sale to top buyers,” said PNG Executive Director Robert Brueggeman.

“It’s the biggest week in numismatics, but you can take your time in a less crowded, more relaxing environment the day before the general public arrives for the ANA show,” added PNG President Dana Samuelson.  

The PNG-ANA Numismatic Trade Show will be open to the public from 10:00 am to 4:00 pm, Monday, July 31. Public admission is $5 at the door; however, admission will be free for everyone who pre-registers for free admission at www.PNGdealers.org.

To pre-register and for additional information about the show and the availability of dealers’ tables for PNG and ANA member-dealers, visit online at www.pngdealers.org/png-events or contact the Professional Numismatists Guild by phone at 951-587-8300 or by email at info@pngdealers.org.

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PNG Calls For 2017 Award Nominations

February 13, 2017 in ANA (American Numismatic Association), Awards, Collecting, Conventions, Events, History, Investing, New Releases, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, USA Coins, World Coins

For immediate release
February 13, 2017

News media contact:
Robert Brueggeman (951) 587-8300

PNG Calls For 2017 Award Nominations

 

Professional Numismatists Guild logo

Professional Numismatists Guild logo

(Temecula, California) — Nominations now are being accepted for the 2017 Professional Numismatists Guild (www.PNGdealers.org) awards, according to PNG Executive Director Robert Brueggeman and President Dana Samuelson.

           “Each year the PNG publicly recognizes outstanding achievements in the hobby and the profession by honoring deserving recipients with awards in a half dozen categories.  We cordially welcome and strongly encourage nominations from all collectors and dealers,” said Brueggeman.

           “The award winners will be announced at the annual PNG Day banquet that will be held following the PNG/ANA Numismatic Trade Show in Denver Colorado on July 31, 2017.  That is the eve of the American Numismatic Association’s World’s Fair of Money® (www.worldsfairofmoney.org) convention in Denver,” explained Samuelson.

           Nominations should be made directly to the appropriate award category chair by mid-June.  The categories and contacts are:

Abe Kosoff Founders Award: Presented to a PNG member-dealer with steadfast dedication to the entire numismatic community and who has made a significant contribution to the Guild or to the numismatic fraternity in general the past year.  The award is named after PNG’s Founding President who spearheaded the 1953 launch of the organization.  Committee Chairs: Richard Weaver and Wayde Milas.  Emails: rweaver@dvrcc.com and wmilas@rarecoa.com

           Art Kagin Ambassador Award: This award is named after a former PNG President and nationally-known Iowa dealer who provided distinguished service as an advocate of numismatic goodwill.  Committee Chair: John Maben.  Email: jfmtrading@yahoo.com.

           Significant Contribution Award: Given to those who have made exceptional, beneficial efforts over the years on behalf of PNG and the profession, and added to the hobby.  Committee Chair: James Sego.   Email: jsego@jmscoins.com.

           Lifetime Achievement Award: Presented to a numismatist for his/her extraordinary devotion to numismatics and who, over their lifetime, significantly contributed to the hobby or profession.  Committee Co-Chairs: Dana S. Samuelson and Barry Stuppler.  Emails: dana@amergold.com and barry@stuppler.com.

           Sol Kaplan Award: To recognize efforts and contributions in combatting crimes against the numismatic community, this award is presented to someone who has given their time in an attempt to rid the profession of fraud and thievery. The award is jointly presented by the PNG and the Lewis M. Reagan Foundation.  It is named after a former PNG President and Ohio dealer who was personally responsible for the apprehension of several people suspected of committing numismatic-related crimes.  Committee Chair: Robert Brueggeman.  Email: bob@ppius.com.

           Robert Friedberg Award: Presented to an author in recognition for an outstanding book or other literature.  Named in honor of a publisher and author of numismatic reference books, this award is not automatically given each year.  It is only given when there is deemed to be a worthy recipient or recipients. Committee Chair: James A. Simek.  Email: nge3@comcast.net.  Note: A copy of each book nominated for this year’s award must be submitted for delivery no later than June 16, 2017 to James A. Simek, P.O. Box 7157, Westchester, IL 60154-7157.

   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.  For additional information about the PNG awards, 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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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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“Trump Effect” Lifts 2016 U.S. Rare Coin Market, Reports Professional Numismatists Guild

December 27, 2016 in Clubs and Associations, Coins, Collecting, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins

For immediate release
December 27, 2016

News media contact:
Donn Pearlman, for Professional Numismatists Guild
(702) 868-5777 Donn.Pearlman@gmail.com

“Trump Effect” Lifts 2016 U.S. Rare Coin
Market, Reports Professional Numismatists Guild

(Temecula, California) – The optimism that disposable income may increase with the election of Donald Trump lifted the United States rare coin market in the last two months of 2016, according to the Professional Numismatists Guild (www.PNGdealers.org). The PNG, a non-profit organization composed of many of the country’s top rare coin and paper money experts, conducts an annual compilation of results of major auctions of U.S. rare coins.

“After several years of higher prices and the spectacular sales of several legendary coin collections, the U.S. rare coin market softened in 2016. But after the November elections, there was a notable increase in demand for high-quality rare coins, including those priced at $100,000 or more,” said PNG President Dana Samuelson.

The aggregate prices realized for U.S. coins sold at major public auctions in 2016 totaled $341,815,542. The totals were $439 million in 2015; $536 million in 2014; and $393 million in 2013. One firm, Heritage Auctions, accounted for $192 million of the 2016 total. All totals include the buyer’s premium to reflect the actual, full prices paid by winning bidders.

“In our annual survey of major numismatic auction firms, the consensus estimate is that the overall U.S. rare coin market for auctions and direct sales in 2016 was about $4 billion, not including bullion coins, such as gold, silver or platinum American Eagles, and not including sales by the United States Mint,” explained Samuelson.

“Over the decades the U.S. rare coin market moves in cycles, and the long-term trend is up. We believe 2017 will be an opportunity for astute collectors to be buying,” said Robert Brueggeman, PNG Executive Director.

There were four coins that sold for $1 million or more at auction in 2016 compared to a record-setting 17 during 2015. A fifth coin crossed the million dollar mark in a private sale in late 2016, and although the purchase price was not disclosed, it was reported the coin is insured for $8 million for a planned public display in early 2017.

The four million-dollar coins sold at public auction in 2016 are:
1894 San Francisco silver dime, graded PCGS Proof 66, $1,997,500, sold by Heritage Auctions.
1879 Quintuple Stella (pattern $20 denomination gold coin), PCGS Proof 64 Deep Cameo, $1,888,000, sold by Legend Rare Coin Auctions.
1833 Caped Head Left, Large Date Half Eagle ($5 denomination gold coin), PCGS Proof 67, $1,351,250, sold by Stack’s Bowers Galleries.
1795 Draped Bust silver dollar, PCGS Specimen 66, $1,057,500, sold by Stack’s Bowers Galleries.
The auction firms that responded to the PNG survey are: Bonham’s; Ira & Larry Goldberg Auctioneers; GreatCollections Coin Auctions; Heritage Auctions; David Lawrence Rare Coins; Legend Rare Coin Auctions; Scotsman Coin & Jewelry; and Stack’s Bowers Galleries.

The Professional Numismatists Guild was founded in 1955. PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the PNG and a complete list of member-dealers, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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Use Caution To Avoid Gold And Silver Counterfeits, Advises Professional Numismatists Guild.

May 3, 2016 in Bullion, Coins, Coins for sale, Collecting, Education, Fake Coins, Gold, Gold Bullion, Gold Coins, Gold Eagles, Numismatic Crimes, Numismatica, Numismatics, PNG Professional Numismatists Guild, Precious Metals, Silver, Silver Coins, USA Coins

For immediate release
May 3, 2016

Use Caution To Avoid Gold And Silver Counterfeits, Advises Professional Numismatists Guild.

 

Historic, genuine 1803 Draped Bust design U.S. silver dollars in Very Fine condition are currently valued at about $3,000. This counterfeit 1803-dated dollar was recently offered in a Hong Kong flea market for less than $3. (Photo by Donn Pearlman.)

Historic, genuine 1803 Draped Bust design U.S. silver dollars in Very Fine condition are currently valued at about $3,000. This counterfeit 1803-dated dollar was recently offered in a Hong Kong flea market for less than $3. (Photo by Donn Pearlman.)

(Temecula, California) – Beware of counterfeit vintage rare coins and fake modern gold and silver bullion items now being offered in the marketplace.  Purchase only from reputable dealers, cautions the Professional Numismatists Guild (www.PNGdealers.org).

The PNG is a nonprofit organization composed of many of the country’s top numismatic experts.

“It is clear there is an increase in the types of fakes sold by unscrupulous dealers.  These sales of counterfeit coins are potentially a multi-million dollar problem for the public.  There’s an old saying that can help buyers avoid problems: If you don’t know coins, you better know your dealer,” stated Professional Numismatists Guild (PNG) President Dana Samuelson.

“We conducted an informal inquiry of PNG members and PNG Accredited Precious Metals Dealers (APMD) about what they’re encountering now in the marketplace.  They have seen everything from counterfeits of vintage rare coins to modern precious metal items.  These include fakes of popular century-old U.S. Morgan and Peace design silver dollars to current gold and silver American Eagles, gold U.S. Buffalo coins, silver and gold Chinese Pandas, and Canadian silver and gold Maple Leaf coins.  We’re also seeing spurious gold and silver ingots,” said Samuelson.

“Professional dealers who look at classic U.S. coins and bullion items all day long are usually not fooled by these spurious items, but to the untrained eye they often look like the real thing,” he explained.

“Many of the fakes apparently are originating in China and then offered online by various sellers.  It is imperative that collectors, investors and the general public deal only with reputable, knowledgeable experts who offer a guarantee of authenticity,” emphasized Samuelson.

Two PNG members who recently were in Asia say they saw counterfeits of early 19th century Draped Bust, mid 19th century Seated Liberty and late 19th and early 20th century Morgan and Peace silver dollars being sold in flea markets in China and Hong Kong for $1 to $3 each.

Unsuspecting buyers have submitted counterfeit modern bullion coins to Numismatic Guaranty Corporation (www.NGCcoin.com) for authentication and grading. NGC, the official grading service of PNG, earlier reported submissions of counterfeit 2012-dated gold American Eagle $50 denomination coins.

The front and back of a counterfeit 2012-dated American Eagle $50 denomination one-ounce gold bullion coin. (Photo courtesy of Numismatic Guaranty Corporation.)

The front and back of a counterfeit 2012-dated American Eagle $50 denomination one-ounce gold bullion coin. (Photo courtesy of Numismatic Guaranty Corporation.)

Those particular counterfeits exhibit poorly defined details around Liberty’s face and hair, different fonts for lettering and the date compared to genuine coins and the color is different because the fakes are not composed of gold, according to Max Spiegel, a Vice President of Certified Collectibles Group, NGC’s parent company.

PNG and PNG Accredited Precious Metals Dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise including bullion coins, precious metal rounds and ingots, and they offer a guarantee of authenticity for the numismatic items they sell.

For a list of PNG-APMD members visit www.PNGdealers.org and click on the APMD navigation link.

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Demand Strong in 2015 For Superb Quality, “Pedigree” Rare Coins, Reports Professional Numismatists Guild

January 11, 2016 in Coins, Collecting, Education, Gold, Gold Coins, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Precious Metals, Press Releases, Rare Coins, Silver, Silver Coins

For immediate release (Updated 01/14/2016)
January 11, 2016

News media contact:
Donn Pearlman, for Professional Numismatists Guild
Phone: (702) 868-5777

Demand Strong in 2015 For Superb Quality, “Pedigree” Rare Coins, Reports Professional Numismatists Guild

 

With a winning bid of nearly $5 million, the most valuable U.S. rare coin sold at auction in 2015 was this Lord St. Oswald pedigree 1794 Flowing Hair dollar. (Photo by PCGS.)

With a winning bid of nearly $5 million, the most valuable U.S. rare coin sold at auction in 2015 was this Lord St. Oswald pedigree 1794 Flowing Hair dollar. (Photo by PCGS.)

Summary:

A record total of 17 U.S. rare coins sold for $1 million or more in 2015 and a combined total of more than $439 million of U.S. coins sold at major public auctions last year, according to the Professional Numismatists Guild.

(Temecula, California) — From multi-million dollar pennies to nearly $5 million paid for an early American silver dollar, the market for superb-quality, historic U.S. rare coins remained strong in 2015, according to the Professional Numismatists Guild (www.PNGdealers.org).  A record number of 17 U.S. rare coins sold for $1 million or more each at public auctions during the year.

“The consensus estimate is that the overall U.S. rare coin market in 2015 was between $4.5 billion to $5 billion, although one expert estimated it at $6 billion.  The aggregate prices realized for U.S. coins sold at major public auctions in 2015 totaled $439,623,237, compared to $536 million in 2014 and $393 million in 2013,” said PNG President Dana Samuelson.

“There were 17 individual coins that brought $1 million or more at auction in 2015, compared to the previous record of 12 that reached that level in 2014 auctions,” Samuelson noted.

“We saw continuing high demand for so-called ‘trophy coins’ from several important collections that were sold at auctions in 2015.  As gold and silver prices dropped during the year and significant money was being spent on prized, big ticket numismatic rarities, there was weakness in the market for ‘average’ grade, commonly available coins.  However, prices remained strong for U.S. rare coins that combined historical significance, rarity and superb condition,” said Samuelson.

The PNG is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.

“In a year-end survey of auction house executives, most of the experts responding estimated the overall 2015 coin market in the U.S. at between $4.5 billion to $5 billion.  That includes auctions and private transactions made at coin shows, by mail order, online and at coin stores, but does not include numismatic bullion items or the modern coins sold directly by the United States Mint,” explained Samuelson.

Two companies surpassed $100 million in auctions of United States coins: Heritage Auctions at $254,097,887 and Stack’s Bowers Galleries at $104,991,259.

 

These are the 17 U.S. rare coins purchased by winning bidders for $1 million or higher in 2015, and the auction companies that sold them:

  • 1794 Flowing Hair design silver dollar graded Mint State 66+ by Professional Coin Grading Service (PCGS), jointly auctioned by Stack’s Bowers Galleries and Sotheby’s for $4,933,750.
  • 1795 Capped Bust design Eagle ($10 denomination gold coin), PCGS MS66+, Stack’s Bowers/Sotheby’s, $2,585,000.
  • 1792 Birch design copper cent (an early American experimental design), graded MS65 by Numismatic Guaranty Corporation (NGC) with second opinion on grade by Certified Acceptance Corporation (CAC), Heritage Auctions, $2,585,000.
  • 1793 Chain design copper cent, PCGS MS66, CAC, Heritage Auctions, $2,350,000.
  • 1808 Capped Bust design Quarter Eagle ($2.50 denomination gold coin), PCGS MS65, Stack’s Bowers/Sotheby’s, $2,350,000.
  • 1792 experimental (pattern) quarter-dollar struck in copper, NGC MS63, CAC, Heritage Auctions, $2,232,500.
  • 1907 Ultra High Relief, inverted edge letters design Double Eagle ($20 denomination gold coin), graded PCGS and NGC Proof 68, Heritage Auctions, $2,115,000.
  • 1880 Coiled Hair design Stella ($4 denomination gold coin), NGC PR67, CAC, Heritage Auctions, $1,821,250.
  • 1796 Draped Bust design silver quarter-dollar, PCGS MS66, Stack’s Bowers/Sotheby’s, $1,527,500.
  • 1797 Draped Bust design silver half dollar, PCGS MS66, Stack’s Bowers/Sotheby’s, $1,527,500.
  • 1776 Continental silver dollar “CURENCY,” NGC Extremely Fine 40, Heritage Auctions, $1,527,500.
  • 1776 Continental silver dollar “CURRENCY” and EG FECIT design, NGC MS62, Heritage Auctions, $1,527,500.
  • 1792 Birch copper cent “TO BE ESTEEMED BE USEFUL” lettered edge, PCGS About Uncirculated 58, CAC, Stack’s Bowers, $1,175,000
  • 1798 Capped Bust Right, small eagle design Half Eagle ($5 denomination gold coin), PCGS AU55, Stack’s Bowers/Sotheby’s, $1,175,000.
  • 1880 Coiled Hair design gold Stella ($4 denomination), PCGS PR65, CAC, Heritage Auctions, $1,116,250.
  • 1792 copper pattern disme (early spelling of the word, dime), NGC MS64, CAC, Heritage Auctions, $1,057,500.
  • 1795 Capped Bust Right design gold Eagle ($10 denomination), PCGS MS63+, Stack’s Bowers/Sotheby’s, $1,057,500.

The auction companies either responding directly to a PNG questionnaire about their 2015 auctions of United States rare coins or whose auction sales figures were compiled from public announcements during the year were (in alphabetical order): Bonhams; David Lawrence Rare Coins; GreatCollections Coin Auctions; Heritage Auctions; Ira and Larry Goldberg Coins & Collectibles; Legend Rare Coin Auctions; and Stack’s Bowers Galleries and auctions conducted jointly by Stack’s Bowers and Sotheby’s.

All prices include the buyer’s premium, if any, to reflect the actual total prices paid by the winning bidders.  The PNG survey did not include 2015 auctions of paper money or coins produced by other countries (“world coins”), two areas of the numismatic marketplace that also experienced record prices for many items.

“We have an important saying in the numismatic marketplace. If you don’t know rare coins, you’d better know your rare coin dealer,” advised PNG President Samuelson.

Founded in 1955, the Professional Numismatists Guild is composed of many of the country’s top rare coin and paper money dealers.  PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.  A complete listing of PNG member-dealers is available at http://www.pngdealers.org/find-a-png-dealer?view=browselist.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the Professional Numismatists Guild, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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Professional Numismatists Guild Presents Lifetime Achievement Award to Jeff Garrett

August 11, 2015 in Awards, Clubs and Associations, Collecting, Conventions, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild

For immediate release
August 10, 2015

 

News media contact:
Robert Brueggeman (951) 587-8300

 

Professional Numismatists Guild Presents
Lifetime Achievement Award to Jeff Garrett

 

New PNG President Dana Samuelson (left) and new PNG Vice President Barry Stuppler (right) presented the PNG’s 2015 Lifetime Achievement Award, to Jeff Garrett (center).  (Photo by Donn Pearlman.)

New PNG President Dana Samuelson (left) and new PNG Vice President Barry Stuppler (right) presented the PNG’s 2015 Lifetime Achievement Award, to Jeff Garrett (center). (Photo by Donn Pearlman.)

(Rosemont, Illinois) – The Professional Numismatists Guild (www.PNGdealers.org) has presented its 2015 Lifetime Achievement Award to Jeff C. Garrett of Mid-American Rare Coin Galleries in Louisville, Kentucky.  An award-wining numismatic author, Garrett is a former PNG President and is the incoming President of the American Numismatic Association.

“Jeff’s excellent reference books, his dedication to the hobby and profession, and his efforts to help the Smithsonian continue to expand and exhibit the National Numismatic Collection make him the outstanding choice for this year’s award,” said Barry Stuppler, Co-Chair with Dana Samuelson of the PNG Lifetime Achievement Award Committee.

In presenting the award, Samuelson noted that Garrett started working as a coin dealer in his teens and now is in his fifth decade as a professional numismatist.

“He’s a generous individual with his time and expertise, who doesn’t qualify his altruism based on the size of the entity receiving it.  He’s as happy helping his local Lexington, Kentucky coin club as he is assisting either the ANA or the Smithsonian,” Samuelson stated.

           The award was presented at the annual PNG banquet held in the Chicago suburb of Rosemont, Illinois on August 10, 2015, the eve of the ANA World’s Fair of Money (www.worldsfairofmoney.org).

           Here are other award categories and winners announced at the banquet.

he PNG’s highest honor, the 2015 Abe Kosoff Award, was presented to Steve Ivy (center) by PNG Immediate Past President Terry Hanlon (left) and PNG Board Member John Maben (right).  (Photo by Donn Pearlman.)

he PNG’s highest honor, the 2015 Abe Kosoff Award, was presented to Steve Ivy (center) by PNG Immediate Past President Terry Hanlon (left) and PNG Board Member John Maben (right). (Photo by Donn Pearlman.)

Abe Kosoff Founders Award: Presented to Steve Ivy of Dallas, Texas, Co-Chairman and CEO of Heritage Auctions and a former PNG President (2003 – 2005). The award is presented to a PNG member-dealer who has shown steadfast dedication to the entire numismatic community and who has made a significant contribution to the Guild or to the numismatic fraternity in general the past year.  The Kosoff Award is named after PNG’s Founding President who spearheaded the 1953 launch of the organization.

Sol Kaplan Award: Presented to Victor Bozarth of Bozarth Numismatics, Inc. of Brenham, Texas and Sarah Miller of Heritage Auctions, New York City, for their efforts that led to the arrest and subsequent guilty plea of a thief who stole coins at shows in several states.  The Kaplan Award is presented to individuals who have given their time in an attempt to rid the profession of fraud and thievery. The award, jointly presented by the PNG and the Lewis M. Reagan Foundation, is named after a former PNG President who was personally responsible for the apprehension of several people suspected of committing numismatic-related crimes.  

Significant Contribution Award: Given to Julian M. Leidman of Bonanza Coins in Silver Spring, Maryland for his exceptional, beneficial efforts on behalf of the PNG, the profession and the hobby.

Distinguished Service Award: Presented to Jeffrey F. Bernberg of Rare Coin Company of America in Willowbrook, Illinois for his 12 years of service on the PNG Board, including his term as President from 2011 – 2013.

Achievement in Excellence Award: Presented to Robert Korver of Heritage Auctions in Dallas, Texas.  PNG Executive Director Robert Brueggeman announced this special award for Korver’s “countless hours championing the fight against import restrictions.”  Brueggeman added: “The PNG, its members and the numismatic community as a whole are in his debt.”

This year, the PNG did not present either the Robert Friedberg Award for outstanding book or the Art Kagin Ambassador Award.

              The PNG recognized John G. Hanson of Wellesley, Massachusetts for 50 years of PNG membership.

The following dealers were recognized for 25 years of PNG membership: Klaus J. Degler of Denver, Colorado; William Dominick of Tappan, New York; Stephen J. Gehringer of Allentown, Pennsylvania; Salvatore Germano of Hawthorne, New Jersey; Ed Grundy of Pueblo, Colorado; James Halperin of Dallas, Texas; Richard N. Nachbar of Williamsville, New York; Daniel N. Ratner of Rockville, Maryland; and affiliate member Paul R. Whitnah of Arlington, Texas.

The final presentation at the awards ceremony for Lifetime Membership was “one that the PNG does not often make,” explained Brueggeman.  “In fact, we have only ever honored five members with this distinction.”  

He announced that Lifetime Memberships now have been conferred on former PNG President (1985 – 1989) Leon Hendrickson of Winchester, Indiana; John Rowe III of Dallas, Texas; and former PNG President (1989 – 1991) Harvey G. Stack of New York City.

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.  For additional information about the awards for 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.

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Dallas Rare Coin and Paper Money Show Ready

January 26, 2015 in Auctions, Clubs and Associations, Coin Shows, Coins, Conventions, Events, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Seminars, USA Coins, World Coins

For immediate release
January 26, 2015

News media contact:
Robert Brueggeman, (951) 587-8300

Dallas Rare Coin and Paper Money Show Ready

Professional Numismatists Guild logo

Professional Numismatists Guild logo

(Dallas, Texas) — Leaders of the Professional Numismatists Guild (www.PNGdealers.com) say many of the 50 dealers participating in the upcoming PNG Dallas Rare Coin & Paper Money Show, February 26 – 28, 2015, will be offering free, informal appraisals of the public’s old coins and currency.

The three-day show will be in Hall C of the Gaylord Texan Resort & Convention Center that is located at 1501 Gaylord Trail in the Dallas suburb of Grapevine, Texas.

“The Dallas show will be an opportunity for the public to learn the value of coins or currency they may have inherited.  They can find out what it is and what it is worth.  And collectors in the Southwest can meet and do business with many PNG member-dealers from around the country who usually do not attend the local Dallas area coin shows,” said PNG President Terry Hanlon, President of Dillon Gage Precious Metals in Addison, Texas.

Dallas-based Heritage Auctions will conduct an auction of U.S. rare coins in conjunction with the show.

Admission is $10 for a three-day pass, however, free admission coupons are available online at www.pngdealers.org/images/COUPON.dls.pdf.

Public hours will be Thursday, February 26, from 10 am to 6 pm; Friday, February 27, from 9 am to 6 pm; and Saturday, February 28, from 9 am to 5 pm.   For additional information, contact the Professional Numismatists Guild by phone at (951) 587-8300 or by email at info@pngdealers.org.

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U.S. Rare Coin Auction Market Sets Record In 2014, Reports Professional Numismatists Guild

December 29, 2014 in Antique Coins, Auctions, Clubs and Associations, Coin Dealers, Coins, Coins for sale, Collecting, Gold, Gold Coins, Investing, Market Report, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins

For immediate release
December 29, 2014

News media contact:

Donn Pearlman, for Professional Numismatists Guild Phone: (702) 868-5777

Summary:

The United States rare coin market was estimated at $5 billion in 2014, including a record of nearly $536 million of U.S. coins sold at major public auctions the past year, according to the Professional Numismatist Guild.

U.S. Rare Coin Auction Market Sets Record In 2014, Reports Professional Numismatists Guild

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild.  (Photo credit: Heritage Auctions.)

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild. (Photo credit: Heritage Auctions.)

(Temecula, California) — From a million dollars paid for an early American penny to $4.5 million paid for the first gold coin struck for the young United States, the market for high-quality, historic U.S. rare coins set another record for numismatic auctions in 2014. The overall U.S. rare coin market was estimated at about $5 billion, and a dozen coins sold for $1 million or more each at public auctions in 2014, according to a year-end tabulation by the Professional Numismatists Guild (www.PNGdealers.org).

The PNG is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.

“The prices realized for U.S. coins sold at major public auctions in 2014 totaled nearly $536 million, surpassing 2013’s record of nearly $393 million. Several important collections will be offered at auctions in 2015, and I anticipate we’ll again see record prices for so-called ‘trophy coins’ that combine historic significance, rarity and superb condition,” said PNG President Terry Hanlon.

“We estimate the overall coin market in the U.S. at about $5 billion in 2014. That includes auctions and private transactions made at coin shows, by mail order, online and at coin stores, but does not include numismatic bullion items or the modern coins sold directly by the United States Mint,” explained Hanlon.

“In the second half of the year, there was some softness in prices for relatively ‘common’ coins as gold and silver prices dropped, but the market for truly high-quality, historic rare U.S. coins continued to do quite well,” he said.

With the continuing trend of high prices for high-quality, historic rare coins, Hanlon cautioned: “We have an important saying in the numismatic marketplace. If you don’t know rare coins, you’d better know your rare coin dealer.”

These are the 12 U.S. rare coins purchased by winning bidders for $1 million or higher in 2014, and the auction companies that sold them:

1787 Brasher Doubloon with designer Ephraim Brasher’s “EB” punchmark on the eagle’s wing, graded by Numismatic Guaranty Corporation (NGC) as Mint State 63, $4,582,500 (Heritage Auctions).

1913 Liberty Head nickel, NGC Proof 64, $3,290,000 (Heritage Auctions).

1927 Denver Mint Saint-Gaudens Double Eagle ($20 denomination gold coin), NGC Mint State 66, $1,997,500 (Heritage Auctions).

1804 Draped Bust Dollar Class III type, NGC Proof 63, $1,880,000 (Stack’s Bowers Galleries).

1861 “Paquet Reverse” Double Eagle, graded by Professional Coin Grading Service (PCGS) Mint State 61, $1,645,000 (Heritage Auctions).

1792 Pattern Cent (Judd-1, Pollock-1), NGC Mint State 63+, $1,410,000 (Heritage Auctions).

1776 silver Continental Dollar, “CURRENCY” and “EG FECIT” variety, NGC Mint State 63, $1,410,000 (Heritage Auctions).

1927-D Saint-Gaudens Double Eagle, PCGS Mint State 63, $1,292,500 (Heritage Auctions).

1797 Half Dollar (Overton-101a) PCGS Secure Mint State 65+ PCGS Secure, $1,292,500 (Heritage).

1792 Half Disme (an early spelling of “dime”) (Judd-7, Pollock-7 variety) PCGS Secure Specimen 67, $1,292,500 (Heritage Auctions).

1794 Half Cent PCGS Mint State 67 red and brown color, $1,150,000 (Ira and Larry Goldberg Coins & Collectibles).

1811 Half Cent, PCGS Mint State 66 red and brown, $1,121,250 (Ira and Larry Goldberg Coins & Collectibles).

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild. (Photo credit: Heritage Auctions.)

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild. (Photo credit: Heritage Auctions.)

The auction companies responding to the PNG questionnaire about their 2014 auctions of United States rare coins were Bonham’s, David Lawrence Rare Coins, GreatCollections Coin Auctions, Heritage Auctions, Ira and Larry Goldberg Coins & Collectibles, Legend Rare Coin Auctions, Scotsman Coin and Jewelry, and Stack’s Bowers Galleries.

All prices include the buyer’s premium, if any, to reflect the actual total prices paid by the winning bidders. The PNG survey did not include 2014 auctions of paper money or coins produced by other countries (“world coins”), two areas of the numismatic marketplace that also experienced record prices for many items.

Founded in 1955, the Professional Numismatists Guild is composed of many of the country’s top rare coin and paper money dealers. PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise. A complete listing of PNG member-dealers is available online at www.PNGdealers.org.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the Professional Numismatists Guild, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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