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“The scholarship covers airfare, tuition for one of the two week-long Summer Seminar sessions, meals and five nights of dormitory accommodations on the campus of Colorado College, site of the ANA headquarters,” said PNG Executive Director Robert Brueggeman.The money to pay for the annual PNG YN Scholarship is administered from PNG’s Gerald Bauman Memorial Fund. dollar was first regulated by the Coinage Act of 1792 and prescribed as 371.25 grains of pure silver. One cent, worth a hundredth of a dollar, was 24 grains of copper.All five silver sixpences date from between 15, predating the Spanish Armada and William Shakespeare’s move to London. The new coin, a creation in the shape of an open cube with images and artwork on each side, make this item unique among coins based on its design, shape, and production.The coin is designed by artisan Urszula Walerzak and minted by the Mint of Poland at their facilities in Warsaw.PNG member-dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise. In contrast, during the 100 years since the Federal Reserve, prices have risen 2,280 percent.The Constitution gives Congress the power to “to coin money” and “regulate the value thereof.” This dictum was understood to be setting the currency’s weight and metallic content and was necessary to allow the currency to keep up with a growing economy.The PNG YN Scholarship Competition is open each year to applicants between the age of 13 and 22.Entrants submit a short essay outlining why they should be chosen as the scholarship recipient.
Her parents, Greg and Carol Crosby, are delighted she won the PNG scholarship.
Hamrick in Alpharetta while continuing her studies in communications at Georgia Perimeter College.
“To be able to travel to coin shows and meet so many ‘legends’ in numismatics in person has been a wonderful experience.
Bauman, who died in 2001, served for many years as a prominent coin dealer with Manfra, Tordella & Brookes in New York City. The value of the metal contained in the currency kept prices relatively constant before the founding of the Federal Reserve.
The PNG is a nonprofit organization composed of many of the top rare coin and paper money dealers in the United States and seven other countries. During those 120 years, prices rose only 3 percent.