The
Numismatic Consumer Alliance, Inc. is a
not-for-profit company organized and existing under the laws of
the State of
New Jersey. It enjoys tax-exempt status granted by the Department
of the
Treasury, under the provisions of the Internal Revenue
Code.
It shall
dedicate its resources and activities to the education and
protection of the
coin consumer.
Many industry participants understand the
fundamental and
pervasive abuses that threaten the integrity of the industry. It
is anticipated
that the company's efforts on behalf of the consumer will provide
opportunity
and motivation for the development of a unified code of ethical
behavior.
The industry has failed to prove its ability to
competently
self-regulate and police transactions between itself and the
public. The
company intends to bring attention to, and thereby illuminate
certain types of
fraudulent and illegal conduct.
Absent such an effort,
history teaches
that the industry is destined to stagnate at the bottom rung of
the ladder of
commercial conscience. It is time for the legitimate members of
the industry to
cease their tolerance of existing unlawful and disreputable
business
practices.
The company shall address specific venues
within the the
industry wherein lie transactions orchestrated solely to deprive
consumers of
their rights. The company contemplates establishing a channel of
communication
and cooperation with those charged with responsibility for the
investigation of
unlawful activities within the industry. The company anticipates
that it will
support law enforcement at all levels of government in connection
with
establishing cases for the prosecution of alleged
wrongdoers.
Those who
elect to contribute to and join the company shall be among those
responsible
for the evolution of the first truly non-profit entity dedicated
to the
exclusive benefit of the coin buying public. By supporting the
company, you
will be casting your vote for industry reformation and effective
self-regulation
