Notice of suspension of a PNG dealer
TahoeDale
Posts: 1,785 ✭✭✭
When such suspensions occur, is there notice given to the public( ie collectors and non-PNG dealers) of the suspension, and reason therefore?
Where would one go to determine such information?
Where would one go to determine such information?
TahoeDale
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<< <i>When such suspensions occur, is there notice given to the public( ie collectors and non-PNG dealers) of the suspension, and reason therefore?
Where would one go to determine such information? >>
PNG Website
PNG Welcomes New Members, Accepts Resignations
(Temecula, California) -- The Board of Directors of the Professional Numismatists Guild (PNG) has ratified the new or upgraded memberships of four professional numismatists.
John Albanese of Certified Acceptance Corp. in Far Hills, New Jersey and William Panitch of William S. Panitch Rare Coins in Albany, New York have joined PNG as Regular (full) members. Nicholas Brown of Majestic Rarities in Chicago, Illinois, an Associate PNG member since 2007, has become a Regular member. Nicholas Pyle of Pyle & Associates in Washington, DC has joined as an Affiliate member.
At the PNG Board meeting in Tampa, Florida on January 4, the board members voted to accept the resignation of previously suspended Regular member Robert L. Higgins of Certified Assets Management in Wilmington, Delaware. They also accepted the resignations of Associate members Cat Keller of Harry Laibstain Rare Coins in Norfolk Virginia and Brandon Kelley of Polaris Coins in Rockwall, Texas and the resignation of Regular member Saul Weitz of Harold B. Weitz in Pittsburgh, Pennsylvania.
The qualifications for consideration of an applicant to be selected for PNG Regular membership are:
1) Be at least 21 years of age and have at least five years experience as a professional numismatist;
2) Have a net worth at all times of at least $250,000;
3) Agree by signature to abide by the PNG Code of Ethics;
4) Agree to submit to legally binding arbitration to settle any dispute relating to the purchase, sale or trade of coins and numismatic items;
5) Provide a notarized statement from a certified public account that he/she meets or exceeds the financial requirements of the PNG.
PNG Associate membership is available to employees of Regular members and to persons expressing an intention to apply for Regular membership within three years of acceptance as an Associate member. To be considered for Associate membership, the applicant must
1) Be at least 21 years of age and have two years experience as a professional numismatist;
2) Have a numismatic net worth at all times of at least $25,000;
3) Agree by signature to abide by the PNG Code of Ethics;
4) Agree to submit to legally binding arbitration to settle any dispute relating to the purchase, sale or trade of coins and numismatic items;
5) Provide a notarized statement from a certified public account that he/she meets or exceeds the financial requirements of the PNG.
PNG Affiliate membership is open to any individual who is not a professional numismatist but is affiliated with the numismatic community and supports the principles of PNG.
The PNG has 264 Regular and Associate member-dealers in the United States and seven other countries.
For additional information and membership applications, contact Tina Shireman at PNG headquarters at (951) 587-8300 or by email at info@PNGdealers.com.
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Coin Rarities Online
Correction: I meant 2nd and 3rd persons listed. I dont know anything about Mr. Higgins situation
<< <i>The first 2 resignations just look to be changes in the companies worked for, nothing more. >>
The first one listed is Robert L. Higgins of Certified Assets Management - is he with a new company?
The American Philatelic Society outs the reasons for the dismissals for egregious acts in their magazine.
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<< <i>The first 2 resignations just look to be changes in the companies worked for, nothing more. >>
The first one listed is Robert L. Higgins of Certified Assets Management - is he with a new company? >>
I wondered the same thing when I read that comment. As far as I know, Robert L. Higgins is the OWNER of Certified Assets Management. Not sure why he would no longer be working for his own company.
Coin Rarities Online
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<< <i>The first 2 resignations just look to be changes in the companies worked for, nothing more. >>
The first one listed is Robert L. Higgins of Certified Assets Management - is he with a new company? >>
Skipped that one, sorry, I meant Cat and Brandon.
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<< <i>The first 2 resignations just look to be changes in the companies worked for, nothing more. >>
The first one listed is Robert L. Higgins of Certified Assets Management - is he with a new company? >>
No.
Also I'll add that PNG membership pertains to the individual person and not a company. If a member changes employer or forms a new company their PNG membership stays with them and not with their previous company.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I did not know Rockwall had a coin dealer, PNG or otherwise. I just Googled Polaris and got a defunct web site and a post office box address. The Dallas area has lots of conceptual numismatists, people who deal in rare coins but only outside of actual existence. >>
Perhaps so, but Brandon Kelley of Polaris Coins which actually existed) is now with a different company (that actually exists).
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<< <i>I did not know Rockwall had a coin dealer, PNG or otherwise. I just Googled Polaris and got a defunct web site and a post office box address. The Dallas area has lots of conceptual numismatists, people who deal in rare coins but only outside of actual existence. >>
Perhaps so, but Brandon Kelley of Polaris Coins which actually existed) is now with a different company (that actually exists). >>
True, Polaris was a different company. However, I decided not to renew my PNG membership for various reasons.
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<< <i>I did not know Rockwall had a coin dealer, PNG or otherwise. I just Googled Polaris and got a defunct web site and a post office box address. The Dallas area has lots of conceptual numismatists, people who deal in rare coins but only outside of actual existence. >>
Perhaps so, but Brandon Kelley of Polaris Coins which actually existed) is now with a different company (that actually exists). >>
True, Polaris was a different company. However, I decided not to renew my PNG membership for various reasons. >>
So you didn't resign, you just didn't renew?
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<< <i>I did not know Rockwall had a coin dealer, PNG or otherwise. I just Googled Polaris and got a defunct web site and a post office box address. The Dallas area has lots of conceptual numismatists, people who deal in rare coins but only outside of actual existence. >>
Perhaps so, but Brandon Kelley of Polaris Coins which actually existed) is now with a different company (that actually exists). >>
True, Polaris was a different company. However, I decided not to renew my PNG membership for various reasons. >>
So you didn't resign, you just didn't renew? >>
I resigned.
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<< <i>I did not know Rockwall had a coin dealer, PNG or otherwise. I just Googled Polaris and got a defunct web site and a post office box address. The Dallas area has lots of conceptual numismatists, people who deal in rare coins but only outside of actual existence. >>
Perhaps so, but Brandon Kelley of Polaris Coins which actually existed) is now with a different company (that actually exists). >>
True, Polaris was a different company. However, I decided not to renew my PNG membership for various reasons. >>
So you didn't resign, you just didn't renew? >>
I resigned. >>
Can we ask why?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
And, do you have a physical location? For DFW's size, there aren't a lot of shops around. There are none in Rockwall to my knowledge, even though there is surely a market here.
Resigning from PNG could be a moral high ground move on the part of the dealer. There's no way to generalize what a resignation means. For lack of evidence, I'd lean toward the high ground motive in each case. When I asked a PNG dealer friend of mine back in 1988 why one of the biggest crooks of the 1970's and 1980's was in the PNG he told me it was because it was easier to monitor them from the inside, than on the outside. That dealer is still a member today....and considered one of the hobby "luminaries."
roadrunner
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<< <i>I did not know Rockwall had a coin dealer, PNG or otherwise. I just Googled Polaris and got a defunct web site and a post office box address. The Dallas area has lots of conceptual numismatists, people who deal in rare coins but only outside of actual existence. >>
Perhaps so, but Brandon Kelley of Polaris Coins which actually existed) is now with a different company (that actually exists). >>
True, Polaris was a different company. However, I decided not to renew my PNG membership for various reasons. >>
So you didn't resign, you just didn't renew? >>
I resigned. >>
Can we ask why? >>
Sure, several reasons actually. I don't want to upset anybody from the PNG or any current members. I was asked a question and this is my truthful answer.
1. For the five or so years I was a member, really the only thing that benefited me was 5 free submissions to NGC and having the PNG logo on the website.
2. The PNG day at shows for me were a waste of time and money. A handful of dealers in a sparce orchard of empty booths that I would see and do business with the next day for no extra fees, was not worth to me what they charged for a table.
3. Their stance on doctoring did not reflect my own views.
I have to say that the PNG is a great organization, but for me, it just wasn't worth paying $1,000 a year to display a logo and having the privledge of being allowed to set-up one day early at a show with only a few other dealers there for half the cost of what my regular table costs for the entire show. They are entitled to operate however they want and do some real good things for the hobby. I have no problem with them. I simply wasn't benefiting from being in the PNG.
This is the way you hurt these guys; one guy at a time. If we do the same to the Dr's and boycott them, they will also hurt. Clearly PCGS has won the PR war.
Good for you Brandon.