Tuesday, 25 September 2012

Coins and ethics

VCoins have an important "Code of Ethics". We are told:
VCoins recognizes that all dealers are legally obligated to operate their businesses in accordance with applicable local, state, and Federal laws. A requirement for participating as a dealer on the VCoins site is strict adherence to the VCoins Dealer Code of Ethics. This Code is intended to promote mutual trust between dealers and the public through fairness, honesty, and integrity.
In addition, each VCoins dealer "will conduct [their] business in a professional and ethical manner, and will exercise common sense and courtesy in [their] professional dealings, to ensure that no discredit is brought to VCoins or other VCoins dealers." This is laudable.

I observe that the founding partner of a Zurich based numismatic company pleaded guilty earlier this summer. The same Zurich company has now (September 2012) been welcomed as part of VCoins, although the name of the founding partner has been excised from the literature.

Is the Swiss company ashamed to acknowledge the link with its founding partner? And has VCoins chosen to overlook the guilty plea by the same individual?

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1 comment:

Paul Barford said...

I note that somebody from the same milieu is suggesting that responsible (ie ethical) collecting is something that need be done only in the case of the "most expensive of ancient coins"


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