Can a YN join PNG?
CoinMan1012
Posts: 379
Can I?
LOL!
Taylor
LOL!
Taylor
Just do it.
0
CoinMan1012
Posts: 379
Comments
Taylor
Membership Requirements
REGULAR (FULL) MEMBERSHIP REQUIREMENTS
Applicant must:
Be at least 21 years of age, and have five years experience as a professional numismatist.
Have a net worth at all times of at least $250,000.
Agree by signature to abide by the PNG Code of Ethics.
Agree to submit to legally binding arbitration to settle any dispute relating to the purchase, sale or trade of coins and numismatic items.
Provide a notarized statement from a certified public accountant that you meet or exceed the financial requirements of the PNG.
Any Regular (Full) member who is employed by a firm or company whose net worth exceeds $250,000 times the number of Regular members in its employ, may remain a Regular member during the period of his employment regardless of whether he meets the net worth requirement, provided all other eligibility requirements remain met. Upon leaving that employ, the member shall automatically become an Associate member, may re-apply for Regular membership, but must meet all eligibility criteria, including the net worth requirement.
Applicants for regular membership must submit a check for $400 (including $300 for a credit/background check, and a $100 contribution to PNG’s special use fund), along with the full member application form, to the Executive Director, and must be sponsored for membership by two PNG full members. Current PNG Board members cannot sponsor applicants for membership.
If the Executive Director determines that the applicant meets the eligibility criteria, the applicant's name will be submitted to all PNG regular members for approval. The Executive Director will transmit to the Board the names of all applicants approved by the membership, and the Board will vote whether to admit each such applicant to membership.
ASSOCIATE MEMBERSHIP REQUIREMENTS
Applicants must:
Be at least 21 years of age, and have two years experience as a professional numismatist.
Have a numismatic net worth at all times of at least $25,000.
Agree by signature to abide by the PNG Code of Ethics.
Agree to submit to legally binding arbitration to settle any dispute relating to the purchase, sale or trade of coins and numismatic items.
Provide a notarized statement from a certified public accountant that you meet or exceed the financial requirements of the PNG.
A full member of PNG cannot apply for associate membership. Associate membership is available only to:
Employees of general members, who may remain associate members for so long as they are so employed, or
Persons expressing an intention to apply for general membership within three years of their acceptance as associate members. All persons in category (2) must apply for general membership within three years of becoming associate members.
Applicants for associate membership must submit a check for $200 (including $100 for a credit/background check, and a $100 contribution to PNG’s special use fund), along with the associate member application form, to the Executive Director, and must be sponsored for membership by two PNG full members. Current PNG Board members cannot sponsor applicants for membership.
If the Executive Director determines that the applicant meets the eligibility criteria, the applicant's name will be submitted to all PNG regular members for approval. The Executive Director will transmit to the Board the names of all applicants approved by the membership, and the Board will vote whether to admit each such applicant to membership
AFFILIATE MEMBERSHIP REQUIREMENTS
This class is open to any individual who is not a professional numismatist, but is affiliated with numismatic community, and supports the principles of the PNG.
Applicants for affiliate membership must submit a check for $100 (as a contribution to PNG's special use fund), along with the affiliate member application form.
You may also contact Tina Shireman at PNG Headquarters for an application at (951) 587-8300, or eMail Tina for more information.
<< <i>Found the answer and it is No you have to be 21 to be a member. Although they do have that Affiliate member thing at the end.
Membership Requirements
REGULAR (FULL) MEMBERSHIP REQUIREMENTS
Applicant must:
Be at least 21 years of age, and have five years experience as a professional numismatist.
Have a net worth at all times of at least $250,000.
Agree by signature to abide by the PNG Code of Ethics.
Agree to submit to legally binding arbitration to settle any dispute relating to the purchase, sale or trade of coins and numismatic items.
Provide a notarized statement from a certified public accountant that you meet or exceed the financial requirements of the PNG.
Any Regular (Full) member who is employed by a firm or company whose net worth exceeds $250,000 times the number of Regular members in its employ, may remain a Regular member during the period of his employment regardless of whether he meets the net worth requirement, provided all other eligibility requirements remain met. Upon leaving that employ, the member shall automatically become an Associate member, may re-apply for Regular membership, but must meet all eligibility criteria, including the net worth requirement.
Applicants for regular membership must submit a check for $400 (including $300 for a credit/background check, and a $100 contribution to PNG’s special use fund), along with the full member application form, to the Executive Director, and must be sponsored for membership by two PNG full members. Current PNG Board members cannot sponsor applicants for membership.
If the Executive Director determines that the applicant meets the eligibility criteria, the applicant's name will be submitted to all PNG regular members for approval. The Executive Director will transmit to the Board the names of all applicants approved by the membership, and the Board will vote whether to admit each such applicant to membership.
ASSOCIATE MEMBERSHIP REQUIREMENTS
Applicants must:
Be at least 21 years of age, and have two years experience as a professional numismatist.
Have a numismatic net worth at all times of at least $25,000.
Agree by signature to abide by the PNG Code of Ethics.
Agree to submit to legally binding arbitration to settle any dispute relating to the purchase, sale or trade of coins and numismatic items.
Provide a notarized statement from a certified public accountant that you meet or exceed the financial requirements of the PNG.
A full member of PNG cannot apply for associate membership. Associate membership is available only to:
Employees of general members, who may remain associate members for so long as they are so employed, or
Persons expressing an intention to apply for general membership within three years of their acceptance as associate members. All persons in category (2) must apply for general membership within three years of becoming associate members.
Applicants for associate membership must submit a check for $200 (including $100 for a credit/background check, and a $100 contribution to PNG’s special use fund), along with the associate member application form, to the Executive Director, and must be sponsored for membership by two PNG full members. Current PNG Board members cannot sponsor applicants for membership.
If the Executive Director determines that the applicant meets the eligibility criteria, the applicant's name will be submitted to all PNG regular members for approval. The Executive Director will transmit to the Board the names of all applicants approved by the membership, and the Board will vote whether to admit each such applicant to membership
AFFILIATE MEMBERSHIP REQUIREMENTS
This class is open to any individual who is not a professional numismatist, but is affiliated with numismatic community, and supports the principles of the PNG.
Applicants for affiliate membership must submit a check for $100 (as a contribution to PNG's special use fund), along with the affiliate member application form.
You may also contact Tina Shireman at PNG Headquarters for an application at (951) 587-8300, or eMail Tina for more information. >>
They kinda leave it wide open at the end.
taylor
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
<< <i>Why do you want to? >>
Maybe he wants that cool logo for his eBay account......
<< <i>Can I?
LOL!
Taylor >>
LOL LOL LOL
Your question itself shows great wisdom, Grasshopper
<< <i>
<< <i>Can I?
LOL!
Taylor >>
LOL LOL LOL
Your question itself shows great wisdom, Grasshopper
I agree with the colonel.
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
Got a cool quarter mil, Taylor? Nothing 'wide open' about that
www.brunkauctions.com
<< <i>>>Have a net worth at all times of at least $250,000>>
Got a cool quarter mil, Taylor? Nothing 'wide open' about that >>
Huh?
And I want to join so that I can start to get in the the coin business as a dealer. It will help alot. I assume I do not need to be 21 to be an affiliate but I will check with PNG.
Taylor
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
<< <i>Don't have to be a member to sell coins. You just have to have coins for sale. Why not just join ANA? >>
Already am. Becoming a life member soon.
Taylor
<< <i>Don't have to be a member to sell coins. You just have to have coins for sale. Why not just join ANA? >>
Seems like the perfect answer to me. You can keep your overhead lower and can still sell on the BST, eBay, etc.
Also, I don't think the PNG would be too happy if you only had the affiliate membership and used it like a regular or associate membership. So unless you have $250,000 I don't think this is a viable option for the OP.
Edit: Savoyspecial has an excellent answer too IMO.
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
Interests:
Pre-Jump Grade Project
Toned Commemoratives
<< <i>Taylor, I like your enthusiasm, but I think you're getting a little bit ahead of yourself. There are thousands of members here who actively buy/sell/trade successfully, but aren't members of PNG. Many aren't even members of ANA. Forget the titles and little eBay labels- pursuing them is a bit shallow. If you want to sell coins successfully now and in the future, just focus on learning as much as you can. >>
WOW! One of the first kind responses I have heard in a while. It is because of people like you that I keep coming back. The attitude here is kinda rude/negative.
Type2.
Hoard the keys.
1. Be at least 21 years old at time of application.
2. Be a full time dealer for a minimum of 5 years.
3. Have a numismatic net worth of at least $250,000.
Those are just the very basic prerequisites. You also need a good working relationship with multiple existing PNG members, have a clean criminal record and be well known and have a good overall reputation in the coin dealer world. When I applied for membership in 2005 I was already attending all the national shows for several years but I had to "campaign" myself to become better known by the membership. You also need to be involved in the numismatic industry on a full time basis. That means you can't be a full time student or be a part time or vest pocket dealer but you don't have to own your own numismatic company. You can be a full time employee for someone.
Of the three very basic prerequisites I listed above, I don't know about number 3 as I try to refrain from making assumptions about other peoples' personal finances but I know the OP doesn't meet the criteria for requirements number 1 and 2. The OP can go visit www.pngdealers.com to find out more about the organization and its membership requirements.
P.S. If anybody is wondering I don't know for sure who the oldest living PNG member is but my best guess is it's Catherine Bullowa.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>Taylor, I understand we've concluded that you aren't eligible for a PNG membership given your age, but how do you feel being a member of PNG would benefit you at this time? >>
I would assume that there are quite a few benefits in terms of dealer to dealer networking being a PNG member. However, not only at this age but at the level you are operating (gleaning from your other posts) Taylor, I really doubt being part of the PNG will bring much benefit GIVEN it were even possible.
<< <i>Taylor, I like your enthusiasm, but I think you're getting a little bit ahead of yourself. There are thousands of members here who actively buy/sell/trade successfully, but aren't members of PNG. Many aren't even members of ANA. Forget the titles and little eBay labels- pursuing them is a bit shallow. If you want to sell coins successfully now and in the future, just focus on learning as much as you can. >>
Couldn't have said it any better/nicer. I do have to question the financial part. Unless your parents just give you a blank check whenever you ask for one, and you just fill in whatever amount of money you want (much like a now banned member who wanted to think being a coin dealer was a simple, easy, no-brainer thing, kinda like opening a McDonalds franchise, and thinking he could just 'know everything' in a short time.....think 3 legged Buff), at your age, and I'm twice your age [I think], I couldn't POSSIBLY consider doing that. My student loans (and I was given 'alumni donations' due to playing football...no scholarships under Div 1), on top of all the other $$ spent on school, like gas. books, meals, new clothes, just to mention a few things...the money I'll end up paying wouldn't even dent that $25,000 (and I didn't go to MIT like Jeremy, man, THOSE bills must have been phenomenally high), so, there's NO money now, or a lot in the near future, so, unless you have absolutely loaded parents who'll dole out thousands whenever you want it, like the person I mentioned prior), I just don't/can't see this happening now (I mean as serious as you want to take it), or in the next 5 years. The YN's here that became successful (and they even have 'day jobs'), took their time, asked pertinent questions, LEARNED as much as possible, and STILL realized they needed to NOT jump in both feet first, you have to dip your toe in the water first.
You do really need to put the breaks on and slow down. I like/love your enthusiasm, but, at your age, you should be soaking up all the knowledge you can, 'vest pocket' a few shows, get to learn to talk with these dealers, learn the jargon, the ropes......then you'd need to decide about college. THAT will put a big crimp in whatever decision you make, so, is college in your future???? I'm not trying to berate you, convince you against anything, but when I was your age, I just got into the hobby, and this is something I could NEVER consider doing.....especially with having college planned at that age. I'm just saying this because you are very young, remember that I DO love your enthusiasm, really do, and it's nice to see you want to do this as a living...can't think of anything better than being able to make your living by doing something you love, especially if it's also your hobby!!! BUT, remember, at your age, your parents still make the majority of the rules, which you must abide by.
So, just as a general question, what is the highest dollar coin, whether CU guide, actual sales history, etc, that you own, and/or your actual inventory (or is it just 'your collection' that you'll be using for inventory)? If it's none of my business, I can appreciate your stance on that, but it might paint a bit of a broader picture and help make answering your question a bit easier, possibly with more advice, to boot. Remember, I love the enthusiasm, but at your age, a few years of really studying/learning, and listening to some of the best advice you can get on coins----and it's FREE advice here!---, I think this will make you a much better, defined, knowledgeable collector, which should help you be a better numismatist in general, and help make a really difficult decision you'll have to make in a few years....college or no college, and I bet your folks have college in mind for you.
Good luck, Taylor, but remember........LISTEN to these guys out here. They have forgotten more than you could ever hope to learn, and they are more than happy to help when you ask for it, but don't defy, at least publicly, the advice you seek....they know MUCH more than you do! Go against the grain, as some have in the past who are no longer here, and your questions won't be answered quite as quickly or as in-depth as you might need. Sorry to ramble, but this is getting as bad as when ........ was here.
edited to add....look at BustHalfBrian's sig line....
"17-years-old
Lurking and learning since 2010"
Lurking and learning for 3 years, and you've been here how long, into the hobby how long? And I'll bet, by his own admission, BustHalfBrian can learn a lot more, and wouldn't possibly consider jumping 'into it' that deeply, even after 3 years. This isn't just a sigline, but actually, unwittingly, is great advice.