Thursday, July 29, 2010
PNG Adopts Coin "Doctoring" Definition
(Fallbrook, California) -- The Professional Numismatists Guild (PNG) has created a definition of coin "doctoring" and now officially included it as one of the prohibitions in the organization's By-Laws.
"The deliberate and unacceptable alteration of a coin in an effort to deceive is a complex matter. Everyone seems to know what coin 'doctoring' means, but it's a difficult thing to concisely and substantively define," said Paul Montgomery, PNG President.
"After extensive discussions and consultation with both Numismatic Guaranty Corporation (NGC), the official grading service of PNG, and with executives of the Professional Coin Grading Service (PCGS), the PNG has created its first formal definition of coin doctoring," Montgomery added.
PNG already required disclosure of information about altered coins.
"Section seven of the PNG Code of Ethics specifically states . . .
Full story at: The Professional Numismatists Guild