NCNA Members Code of Ethics
MEMBERSHIP IN THE NORTH CAROLINA NUMISMATIC ASSOCIATION IS A PRIVILEGE EXTENDED TO THOSE PERSONS AND ORGANIZATIONS DEEMED WORTHY THEREOF AND IS NOT A MATTER OF RIGHT. SUCH MEMBERSHIP CAN BE MAINTAINED UNLESS THE EXECUTIVE BOARD DETERMINES THAT THE CONDUCT OF A MEMBER HAS BEEN SUCH THAT, IN THE BEST INTEREST OF THE ASSOCIATION, HIS/HER MEMBERSHIP SHOULD BE TERMINATED.
FOR THE GUIDANCE OF MEMBERS, THIS CODE OF ETHICS HAS BEEN DULY ADOPTED BY THE EXECUTIVE BOARD UNDER THE AUTHORITY VESTED IN IT BY THE STATE CHARTER AND THE BYLAWS OF THE ASSOCIATION. ANY VIOLATION OF THIS CODE WILL BE GROUNDS FOR EXPULSION FROM THE NORTH CAROLINA NUMISMATIC ASSOCIATION.
AS A MEMBER OF THE NORTH CAROLINA NUMISMATIC ASSOCIATION, I AGREE TO COMPLY WITH THE FOLLOWING STANDARDS OF CONDUCT:
TO SUPPORT AND BE GOVERNED BY THE STATE CHARTER AND THE BYLAWS OF THE ASSOCIATION, AND BY SUCH RULES, POLICIES AND REGULATIONS AS MAY BE IN FORCE FROM TIME TO TIME.
TO CONDUCT MYSELF AS TO BRING NO REPROACH OR DISCREDIT TO THE ASSOCIATION, OR IMPAIR THE PRESTIGE OF THE MEMBERSHIP THEREIN.
TO BASE ALL OF MY DEALING 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.
TO NEITHER BUY NOR SELL NUMISMATIC ITEMS OF WHICH THE OWNERSHIP IS QUESTIONABLE
TO CONFORM TO THE ACCEPTED STANDARDS OF DIGNIFIED ADVERTISING.
TO TAKE IMMEDIATE STEPS TO CORRECT ANY ERROR I MAY MAKE IN ANY TRANSACTION.
NOT TO SELL, EXHIBIT, PRODUCE OR ADVERTISE A COUNTERFEIT, COPY, RESTRIKE OR REPRODUCTION OF ANY NUMISMATIC ITEM IF ITS NATURE IS NOT CLEARLY INDICATED BY THE WORD “COUNTERFEIT,” “COPY,” “RESTRIKE,” OR “REPRODUCTION” INCUSED IN THE METAL OR PRINTED ON THE PAPER THEREOF, WITH THE EXCEPTION OF ITEMS GENERALLY ACCEPTED BY NUMISMATISTS AND NOT IN ANY WAY MISREPRESENTED AS GENUINE.
TO REPRESENT A NUMISMATIC ITEM AS GENUINE ONLY WHEN, TO THE BEST OF MY KNOWLEDGE AND BELIEF, IT IS AUTHENTIC.
TO FULFILL ALL CONTRACTS MADE BY ME, EITHER ORAL OR WRITTEN, TO MAKE PROMPT PAYMENTS UPON DELIVERY AND TO RETURN IMMEDIATELY ANY ITEM THAT IS NOT SATISFACTORY.
TO GIVE AID TO MEMBERS IN THEIR QUEST FOR NUMISMATIC KNOWLEDGE.
TO COMPLY WITH THE “DEALERS CODE OF ETHICS” WITH RESPECT TO MY SALE OR PURCHASE OF ANY NUMISMATIC ITEM.
NCNA Dealers Code of Ethics
MEMBERSHIP IN THE NCNA IS NOT TO BE TAKEN LIGHTLY. IT SHOULD BE CONSIDERED A PRIVILEGE EXTENDED TO ALL COLLECTORS AND DEALERS OF COINS, CURRENCY, AND RELATED ITEMS. FOR THE NCNA TO BE WORTHY OF ITS ROLE AS A LEADER IN NUMISMATICS, ITS MEMBERSHIP MUST WORK TO MAINTAIN AND PROMOTE CONDUCT THAT IS IN THE BEST INTEREST OF EVERYONE INVOLVED. FAILURE TO DO SO WILL BE GROUNDS FOR IMMEDIATE ACTION BY THE NCNA.
FOR THE PURPOSE OF THE CODE OF ETHICS WE DEFINE A COIN DEALER AS ANY PERSON WHO BUYS OR SELLS COINS, CURRENCY, AND RELATED MATERIALS IN THE STATE OF NORTH CAROLINA. THE LOCATION OF THIS BUSINESS ACTIVITY INCLUDES, BUT IS NOT LIMITED TO, COIN SHOWS, COIN SHOPS, OFFICES, MAIL ORDER, AND ELECTRONIC NETWORKS. THE DEALER MAY BE FULL OR PART TIME, AND MAY BE A SOLE PROPRIETOR, PARTNERSHIP, OR CORPORATION. THE PHYSICAL RESIDENCE OF THE DEALER MAY BE IN NORTH CAROLINA OR ELSEWHERE.
WE REQUEST THAT ALL NORTH CAROLINA COIN CLUBS AND COMMERCIAL SHOW PROMOTERS AND ALL KNOWN COIN DEALERS OPERATING IN NORTH CAROLINA ENDORSE THE CODE OF ETHICS. THIS ENDORSEMENT SHOULD BE IN WRITING AND A SIGNED COPY MAILED TO THE NCNA. IT IS FURTHER REQUESTED THAT ALL NORTH CAROLINA COIN SHOWS, WHETHER SPONSORED OR COMMERCIAL, REQUIRE ALL DEALERS WITH BOURSE TABLES BE MEMBERS OF THE NCNA, AND TO CLEARLY STATE THAT ON THE BOURSE APPLICATION. THE NCNA WILL SUPPLY MEMBERSHIP APPLICATIONS AND COPIES OF THIS CODE OF ETHICS UPON RECEIPT OF ENDORSEMENT FROM SHOW PROMOTERS OF DEALERS. IT IS IMPORTANT TO NOTE THAT IT WOULD BE DIFFICULT FOR THE NCNA TO ACT ON ANY COMPLAINT UNLESS THE DEALER IS AN NCNA MEMBER, AND THE INFRACTION OCCURRED AT EITHER AN NCNA EVENT OR ANOTHER NUMISMATIC EVENT THAT HAS OFFICIALLY ENDORSED THIS CODE OF ETHICS.
ANY COMPLAINTS MUST BE IN THE FORM OF A DETAILED LETTER SENT BY CERTIFIED MAIL TO THE NCNA. IF THE NCNA BOARD FINDS THAT THE COMPLAINT HAS MERIT, THE NCNA WILL PROMPTLY INVESTIGATE IT, GIVING THE DEALER IN QUESTION THE OPPORTUNITY TO RESPOND. AFTER COMPLETING THE INVESTIGATION, THE NCNA WILL DETERMINE IF A VIOLATION HAS OCCURRED; AND, IF IT HAS, THE NCNA WILL ISSUE A LETTER OF CONCERN, A LETTER OF REPRIMAND, OR A LETTER OF EXPULSION. IF THE COMPLAINT HAS BEEN FOUND WITHOUT MERIT, IT WILL BE DISMISSED. IF A LETTER IS ISSUED, IT MAY OR MAY NOT BE REPORTED IN THE NCNA JOURNAL.
AS AN NCNA MEMBER AND A COIN DEALER, I WILL COMPLY TO THE BEST OF MY ABILITY WITH THE FOLLOWING PRINCIPLES AND STANDARDS OF CONDUCT:
I WILL PURCHASE AND SELL NUMISMATIC ITEMS IN A JUST AND FAIR MANNER. I WILL RECOGNIZE THE FACT THAT PUBLISHED BUY/SELL PRICES ARE SOMETIMES INACCURATE, AND THEREFORE I RESERVE THE RIGHT TO SET PRICES BASED ON MARKET CONDITIONS, AS I PERCEIVE THEM TO BE. I AM ALSO AWARE THAT THERE IS A “LINE” THAT, WHEN CROSSED, IS RECOGNIZED BY KNOWLEDGEABLE NUMISMATISTS AS BEING UNPROFESSIONAL BEHAVIOR.
I WILL NEVER BUY OR SELL NUMISMATIC MATERIAL THAT I SUSPECT TO BE STOLEN. I WILL AID VICTIMS AND LAW ENFORCEMENT IN RECOVERY OF ANY STOLEN NUMISMATIC ITEMS.
I WILL GRADE ALL COINS AND CURRENCY THAT I SELL AS ACCURATELY AS MY ABILITY ALLOWS. I WILL REFRAIN FROM BUYING OR SELLING ITEMS THAT I SUSPECT I CANNOT PROPERLY GRADE OR EVALUATE.
I WILL CONSIDER THE RESULTS OF THE PNG-ICTA GRADING SERVICE SURVEY IN MY DEALINGS WITH “SLABBED” COINS.
I WILL NEVER KNOWINGLY SELL COUNTERFEITS, ALTERATIONS, COPIES, RESTRIKES, OR REPRODUCTIONS THAT ARE NOT CLEARLY IDENTIFIED AS SUCH. ANY MATERIAL THAT IS SPECIFICALLY IN VIOLATION OF THE FEDERAL HOBBY PROTECTION ACT WILL NOT BE KNOWINGLY SOLD UNDER ANY CIRCUMSTANCES.
I WILL PAY MY BILLS ON TIME. I WILL HONOR ANY ORAL OR WRITTEN CONTRACT.
I WILL CONDUCT MY BUSINESS WITH BOTH COLLECTORS AND DEALERS IN A COURTEOUS AND DIGNIFIED MANNER. I WILL REFRAIN FROM USING PROFANITY OR MAKING RUDE COMMENTS. I WILL KEEP ALL TRANSACTIONS AS CONFIDENTIAL AS REQUIRED. I WILL REFRAIN FROM MAKING NEGATIVE COMMENTS ABOUT OTHER DEALERS.
I WILL SHARE MY NUMISMATIC KNOWLEDGE, AS TIME ALLOWS, WITH ANYONE WHO IS SINCERELY RECEPTIVE.
I WILL ABIDE BY ALL LOCAL, STATE, AND FEDERAL LAWS. CONVICTION OF A FELONY WILL BE CONSIDERED A MOST SERIOUS BREACH OF THIS CODE OF ETHICS.
Officers
Elections for officers of the NCNA are held annually via mail-in ballots distributed to members in good standing. Directors serve for a term of three years and if nominated to the ballot may serve any number of terms. Executive officers such as President, 1st and 2nd Vice-Presidents, Secretary and Treasurer serve a term of one year and must be nominated and elected annually.
Click here to see the officers and board members currently serving.
Click here to see the current NCNA bylaws.
