March 27, 2009, Newsletter Issue #162: Choosing Coin Dealers From The Professional Numismatists Guild
Tip of the Week
If you’re making a choice from a number of different coin dealers, consider one from the Professional Numismatists Guild. Coin dealers from the Professional Numismatists Guild (PNG) adhere to a strict level of guidelines, so you can be assured you’re dealing with someone who follows a high standard. These are four reasons why you should consider choosing coin dealers from the PNG.
1. Coin dealers from the PNG must have at least five years of experience, so you can be assured you’re not dealing with someone without much experience in the field of coin collecting.
2. PNG coin dealers must show they have numismatic assets over $175,000. Financial assets indicate a dealer is stable, will be in business for years to come, and will be able to provide compensation, if necessary.
3. Coin dealers must use binding arbitration to resolve disputes. This means you know you have recourse should a disagreement or problem occur.
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