Tuesday, 12 January 2010

Stunt Coin Supplier stung?

On Sunday, January 10 Peter Tompa asks whether it was "just a coincidence" that:
"the dealer who sold the ACCG coins for its test case had his coins delayed at Customs for some four days. This meant he missed almost half [of some New York coin] show. [...] the dealer in question also indicates that other shipments to the United States have also been delayed since the ACCG imported its coins back in April.[...] is it all just a coincidence? If not, it certainly does not speak well for officials at the US Customs Service."
On the contrary, it speaks very well for their vigilance.

First of all for there to be a "test case" the coins had to be seized as imported in infringement of the new requirements of US law, in other words as illegally imported. This is what the coins were actually bought for (and we can only assume that those responsible in the ACCG informed the hapless dealer what their intention was). I'd say if a dealer was sending coins to the US and unaware that the law concerning that particular kind of coin had changed, then his further transactions should also be examined, as who knows what else he is doing unawares? Or if he knew (how could anyone in the trade not know?) and was ignoring that requirement, then even more should he be subject to careful scrutinty. Would you buy a coin from this guy? (We note Tompa refuses to name him, presumably for that very reason).

As I have pointed out here several times, according to US legislation, all the seller of these dug up coins actually had to do was to provide the purchasers (importers) with one piece of paper signed by himself affirming the coins imported through Baltimore in the ACCG coin stunt were legitimately obtained according to the requireements of US law. He failed to do that. I would say it is precisely this kind of dealer, who fails to fulfill even such a minimum requirement which should be under very close customs scrutiny, whether they are a member of the PNG or the IAPN or not. Let him learn by his mistake of associating with the ACCG dealer lobby and getting involved in their self-serving stunt. He made his bed, let him lie in it.

Coin in America

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