To assist its members in efficiently making dealer-to-dealer sales of rare coins, the Professional Numismatists Guild (www.PNGdealers.com) has named CoinPlex (www.CoinPlex.com) as "the official coin trading network of the PNG."
CoinPlex is an online, dealers-only trading exchange for certified United States coins and bullion. It's members can post bids and asks on the CoinPlex Market. As of August 5, before the partnership with PNG was announced, CoinPlex had 157 members and coin listings valued at over $560 million.
The Professional Numismatists has 253 Full and Associate members, so the potential addition of scores of new CoinPlex participants is anticipated to significantly increase the opportunities for dealers to conduct wholesale business, according to John Feigenbaum, CoinPlex partner and a PNG member.
"PNG members are among the most respected and active dealers in the U.S. coin market. Having them participate in CoinPlex will be a tremendous boost for maintaining a vibrant marketplace," said Feigenbaum.
"Because PNG membership requirements are so strict, we generally have the major market-makers in our ranks in many numismatic categories. Trading on CoinPlex now will give other dealers a chance to do business with PNG members on a daily basis," said Robert Brueggeman, PNG Executive Director.
For additional information about CoinPlex, contact Kristin Roark at (757) 453-4642.
Founded in 1955, the PNG is a nonprofit organization composed of the country's top rare coin and paper money dealers who must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise. For additional information, contact the PNG at (951) 587- 8300 or visit online at www.PNGdealers.com