Rare Coin & Currency Collecting News: Professional Numismatists Guild (PNG)
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People enjoy collecting examples from the first year of issue when a new coin design is introduced, such as the 1953 Royal Mint coins of Queen Elizabeth II, according to the Professional Numismatists Guild.
The Professional Numismatists Guild announced its 2022 awards on PNG Day, April 27, in conjunction with the Central States Numismatic Society convention.
If you don't know coins or precious metals, you'd better know your dealer.
The market for high-grade, rare United States coins soared in 2021.
Experts predict a strong year-end gold will close for precious metals, and perhaps go higher before dropping back.
Funded only by donations, the nonprofit ACEF worked with law enforcement agencies in 2020 to protect collectors, dealers and the general public by removing counterfeits from the marketplace.
Numismatic Guaranty Corporation is now ACEF's official authentication service.
""If you don't know gold, you'd better know your gold dealer,"" cautions the leader of the Accredited Precious Metals Dealer program of the Professional Numismatists Guild.
Anti-Counterfeiting Educational Foundation and U.S. Treasury OIG conduct educational seminar
Younger buyers entering market and Baby Boomers are still acquiring precious metals
Accredited Precious Metals Dealers (APMD) warns buyers of physical gold and silver to be wary of potential counterfeits in the marketplace, mistaking plated ""gold coins"" for bullion products, and avoid overpaying for any purchases.
The industry trade group reports that auction houses set records with over $167 million in winning bids during the first six months of 2020.
The current enormous demand and limited supply of silver and gold bullion coins and other precious metals items during the COVID-19 pandemic have created a breeding ground for the distribution of counterfeits that is costing unsuspecting investors millions of dollars.
Buyers, Sellers Taking Advantage of Gold And Silver Prices But Some Inventories Are Low, Say Bullion Dealers
Accredited Precious Metals Dealers Urge Caution Against Market Scams
An important reminder message from the Anti-Counterfeiting Task Force regarding the growing appearance of fraudulent bullion sellers.
A seminar for law enforcement officials conducted by the Anti-Counterfeiting Educational Foundation (ACEF) during the recent February 2020 Long Beach Coin, Currency, Stamp & Sports Collectibles Expo already has produced positive results in the fight against fakes in the numismatic marketplace.
In a landmark ruling, an admitted importer and reseller of counterfeit US coins was given a harsh prison sentence.
The ACEF now provides collectors, dealers, the general public and victims of suspected fraud with a convenient and secure way to report information about counterfeit coins, bars, holders, rounds, mint products, paper money or other suspicious counterfeit related activities.
The emphasis in the United States rare coin market in 2019 was again on superb quality and exceptional rarity with hundreds of record prices reached at major public auctions, according to a year-end tabulation by the Professional Numismatists Guild.
The annual Professional Numismatists Guild Young Numismatist (YN) Scholarship Competition has opened. The PNG will provide a scholarship to a deserving YN to attend one session of the 2020 American Numismatic Association Summer Seminar in Colorado Springs, Colorado, June 27-July 2 or July 4-9.
Adding gold, silver or platinum bullion coins or ingots to an investment portfolio can be a smart choice, but knowing your seller can be a crucial choice, advises the Professional Numismatists Guild (www.PNGdealers.org), a nonprofit organization of many of the country's top rare coin and bullion coin experts.