PNG was originally intended for just the very large dealerships, the movers and shakers of the industry. At the time $100,000 was considered to be a very large stock. (Gross business of one to two million dollars a year was a goal for them then.) Today most anything above the level of a "Mom & Pop" shop would qualify.
if i'm not mistaken, the P in PNG stands for "professional" which relates to an individual who derives all or the greater percentage of their livelihood from the chosen endeavor, in this case, Numismatics. it should be clear that as condor101 stated the original figure of $100K was a limiting number tied to the profession of Coin Dealer. most "coin dealers" today aren't professionals from that perspective. it all has more to do with money and less with ethics or advancement of the hobby. hey, kinda like the bar association that lawyers belong to..............and judges??? what's wrong with that??
<< <i>Then why not call it the VLDG, Very Large Dealer Guild? >>
You'll have to take that up with them, I didn't name the organization. By the way I'm with you, it should be Professional Coin Dealers Guild and it has little to do with Numismatics or Numismatists
Finnally some concrete views/opinions without some fit attached. I don`t know that much about PNG and from the looks of the opinions here, it was a noble experiment that has to this point trivialized itself into something that doesn`t carry much weight and riding on past achievements and not current events. I don`t know if this is what the previous posters mean but, that is what I`m reading into this. If I`m wrong in reading it that way, I`m honestly open to hear what I maybe missing. So far in the last couple of days, it seems like it`s something that I as a small average ordinary collector should not be concerned about.
I had a discussion with some office people at PNG a month or so ago. They gave me the impresison that they were considering raising the $100K amount to $200K
ealandg
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Amazing!
oh, you must have thought that it was possible to be a numismatist w/out big $$$
silly U
K S
al h.
Then why not call it the VLDG, Very Large Dealer Guild?
Our eBay auctions - TRUE auctions: start at $0.01, no reserve, 30 day unconditional return privilege & free shipping!
<< <i>Then why not call it the VLDG, Very Large Dealer Guild? >>
You'll have to take that up with them, I didn't name the organization. By the way I'm with you, it should be Professional Coin Dealers Guild and it has little to do with Numismatics or Numismatists
K S