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The Professional Numismatists Guild (PNG) has announced the suspension of member Jason Bradford. Bradford owns Legacy Currency Grading in Brentwood, Tennessee and was PNG member #765. He joined PNG in 2015.

PNG Executive Director Robert Brueggeman indicated the suspension of Jason Bradford was “for conduct prejudicial to the PNG, including violation of the Code of Ethics”. What exactly those violations entailed was not disclosed.

The Professional Numismatists Guild (PNG) is a nonprofit trade association composed of the country’s top rare coin and paper money dealers. To be a member, they must follow a strict Code of Ethics in the buying and selling of numismatic products. You can read the Code of Ethics requirements here. This is part of the general membership requirements of the Professional Numismatists Guild, which includes:

  1. Be at least 21 years of age, and have five years experience as a professional numismatist.
  2. Have a net worth at all times of at least $500,000.
  3. Agree by signature to abide by the PNG Code of Ethics.
  4. Agree to submit to binding arbitration to settle any dispute relating to the purchase, sale or trade of coins / numismatic items.
  5. Provide a notarized statement from a certified public accountant that you meet or exceed the financial requirements of the PNG.

It is because of these strict membership restrictions and the detailed code of ethics that suspensions or expulsions from PNG are rare.

According to Director Brueggeman, the full PNG Board will decide if Jason Bradford’s membership will be reinstated, if he will remain suspended, or he will be expelled from the organization. It is unclear when that will happen.

By Clinton

Clinton is the owner and editor of US Coin News. He has been an avid coin collector, primarily of United States coinage, since 1986 after learning about it from his grandfather. Clinton's collection is now over 3,000 coins. Clinton lives in Colorado where he skis in the winter and hikes in the summer when he is not working on his coin collection.

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