Professional Numismatic Guild Agrees with Changes Made to Currency

Involved in the coin industry for the past decade, Saint Kota Jovite Youngblood works as president of Youngblood Metals Mining based out of Monrovia, California. A lifetime member of several professional coin-grading associations, Saint Kota Jovite Youngblood maintains membership with the Professional Numismatic Guild (PNG).

Founded in 1955, the PNG began as an idea from Abe Kosoff who joined with other coin dealers to offer a professional group for those who enjoyed collecting coins. The nonprofit organization first presented membership strictly through invitation and later on allowed all professional numismatists, or coin collectors, membership. Today, in order to join, members must have experience in the field, must certify that they have significant financial wealth, and must receive a majority vote by present members.

In April 2016, the PNG issued a statement regarding the recently announced addition to the $10 bill of an image of the historic march for suffrage. The U.S. Treasury Department’s new note would honor Lucretia Mott, Sojourner Truth, Susan B. Anthony, Elizabeth Cady Stanton, and Alice Paul. The front of the bill would still have Alexander Hamilton. The $5 would honor events at Lincoln Memorial and have Marian Anderson, Eleanor Roosevelt, and Martin Luther King, Jr. featured, and the $20 would contain images of the White House and President Andrew Jackson. The PNG applauded the changes since it would help to educate the public about people, places, and events pertinent to U.S. history.

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As an experienced buyer and seller of a variety of coins and antique jewelry, “Kota” Saint Jovite Youngblood works to supply collectibles to a network of dealers. His company, Youngblood Metals Mining, has been in business in Monrovia, California, for seven years. Saint Jovite Youngblood’s previous experience with coins includes a management position with Miracle Mile Coin Center in San Marino. Professionals grade previously circulated coins according to a standard scale that descends from 70 down to 1 and includes a system of descriptive adjectives. These descriptors range from “AU,” or “about uncirculated,” all the way down to “PO-1,” or so “poor” that most if not all of the identifying features have weathered away, making a piece close to unrecognizable. Not surprisingly, most coins on the market today fall somewhere between these extremes. The second-highest grade achievable, “XF” (sometimes abbreviated “EF”) indicates that a coin is “extremely fine.” Such coins display only mi...

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