The media reported that those waiting for to purchase the coins were not collectors. Most were being paid by dealers to be on the line in order to get around the U.S. Mint purchasing limits. As part of their attempt to game the system, these dealers put collectors and the general public in danger by handing large amount of cash to needy people who did not conduct themselves in a manner that is consistent with the ANA Code of Ethics. Since those behaving badly were being paid by the dealers, they are representatives of the dealers, making the dealers responsible for the action of those they employ.
In case those dealers have forgotten, according to the ANA Code of Ethics:
- To conduct myself so as to bring no reproach or discredit to the Association, or impair the prestige of the membership therein.
This applies directly to the dealers whose action caused problems at the World’s Fair of Money. Since sales of the coin were made at the U.S. Mint’s booth on the bourse floor, this is a case where the dealers who participated in this discredited the Association by creating an environment that potentially jeopardized the security of the show. By putting the security in jeopardy and bringing this negative publicity to the World’s Fair of Money, the participating dealers impaired the prestige of the membership especially when they had to put the U.S. Mint and the ANA Executive Director in the position to have to act as a parent to dealers acting like impetuous children.
- To base all of my dealings on the highest plane of justice, fairness and morality, and to refrain from making false statements as to the condition of a coin or as to any other matter.
Although the launch of the 2014 National Baseball Hall of Fame commemorative coin during the Whitman Baltimore Expo was a success, there was a feeling that the sales format did not give collectors a chance to purchase the coin. In order to promote the broader sales of the coin, the U.S. Mint adjusted its sales requirement to limit over-the-counter sales in order to give more collectors the opportunity to purchase the new Kennedy gold coin. How could the U.S. Mint or the ANA know that the sales of a coin that does not have any mintage limits would cause problems when the sales of a commemorative coin with mintage limits went without significant issue?
Unfortunately, the intent of the U.S. Mint was impeded by some dealer’s plane of justice by their action. By immorally trying to get around the U.S. Mint’s sales limits by using questionable methods to unfairly stack the line against the collector, the dealers were making false statements to a government entity, and thus the public it represents, as to their eligibility to purchase the coin.
The appalling images provided by Denver television news (see below) of the behavior of those described as homeless on behalf of the dealers trying to get around the sales limits not only is not only unjust to legitimate purchasers and immoral, but as ANA members discredits themselves as ANA members.
Therefore, I am accusing ALL of the ANA members who hired these people that acted on their behalf of the ANA dealers with violation of the ANA Code of Ethics. The ANA Board of Governors must take action to restore the organization’s credibility by suspending those involved as per the ANA Bylaws!