There was once a time that the American Numismatic Association worked with stakeholders to protect numismatic buyers. The ANA worked with eBay to create marketplace protection rules. They were involved with helping raise awareness to gain the passage of the Collectible Coin Protection Act. But where has the ANA been over the last eight years?
Since the passage of the Collectible Coin Protection Act 2014, the ANA has been silent on all aspects of counterfeit coins entering the United States, primarily from China. In the past, the ANA has partnered with China Gold Coin to manufacture Panda silver coins with the ANA logo for the World’s Fair of Money. China Gold Coin is a People’s Bank of China subsidiary that manufactures the Panda bullion coins.
According to the ANA’s website, its mission statement begins:
The education process has been lacking in the area of consumer awareness. While some of the topics are covered in their introductory collecting course, are no courses, statements, or seminars about the scams collectors face daily.
Previously, the ANA has used its position as a national organization to work with eBay to make the online marketplace safer for buyers. It is impossible to eliminate all problems, but the result has been a safer marketplace for eBay buyers. It is a program that the ANA can proudly take credit.
But when it comes to Chinese counterfeits, the ANA has been silent.
The ANA must develop a plan to educate the public to help the collecting and investing public how to protect themselves against the scammers.
While the ANA devises a plan, they can produce videos that teach collectors to avoid scams. The videos can feature the ANA President, prominent dealers, collectors, and anyone who can help deliver a message. Find someone who was scammed to talk about their experience. Two videos can include a guide to examining an American Silver Eagle to determine if it is a counterfeit coin.
The ANA must advertise the release of the videos nationally. While the numismatic press will promote these videos, the promotion must appear in the non-numismatic media. The promotion must go beyond the press release, and Spokespeople must be made available to media outlets catering to a broader audience.
The ANA can craft a plan to educate the collecting and investing public during the video production to protect against counterfeit coins. The plan must continue to educate the collecting public and educate law enforcement and politicians who can become involved with a scammed collector. The ANA can partner with the U.S. Mint, Bureau of Engraving and Printing, and the U.S. Secret Service to add depth to the public education program.
A plan must include working with Facebook to eliminate advertisements for counterfeit coins.
If the ANA Board of Governors does not know where to begin, consider the Ad Council’s campaign criteria to develop a plan. Even if the ANA cannot convince the Ad Council to work with the ANA, they are successful guidelines to publicize this issue.