PRESS RELEASE


Washington Superior Court Dismisses Parker’s Lawsuit Against the ANA

CONTACT: Jay Beeton, Marketing and Public Relations Manager Telephone: 719-482-9864 e-mail: beeton@money.org
COLORADO SPRINGS – Washington State Superior Court Judge Mary E. Roberts has granted the American Numismatic Association’s motion for summary judgment in the case of Delmas Parker against the ANA, dismissing all of Parker’s charges.

Parker, of Mercer Island, WA, brought legal action against the ANA after he was expelled from the association for refusing to comply with a mediation committee decision that was affirmed by the ANA Board of Governors in a complaint brought against him by two non-ANA members.

“This decision reinforces the ANA’s role as the leading arbiter of standards for the numismatic community,” said ANA President Bill Horton. “ANA member dealers subscribe to our code of ethics – something ANA leadership takes very seriously.”

According to court documents filed by ANA’s attorneys, Bullivant, Houser, Bailey PC, of Seattle, Washington, on June 12, 2001, Parker agreed to purchase a collection of Irish tokens from sisters Marta Farrelly and Ruth Pasley for $135,000. After Parker failed to honor the original agreement, Farrelly hired legal counsel and also filed a mediation complaint with the ANA.

On Nov. 7, 2002, Parker agreed to return 21 boxes of coins and tokens to Farrelly. However, 231 tokens were missing or had been sold by Parker. He agreed in writing to pay Farrelly and Pasley $20,000 to resolve the matter, but failed to meet the deadline for payment. In March 2003 the ANA mediation committee determined that Parker should pay Farrelly and Pasley $20,000 plus interest.

Parker appealed the mediation committee decision to the ANA Board of Governors in April 2003, and agreed to place money in escrow to compensate Farrelly and Pasley for the coins and tokens that were not returned. Following the appeal hearing in July 2003, the ANA Board of Governors determined that the money in escrow be released to Farrelly, and determined that Parker pay an additional amount to Farrelly and Pasley within 30 days or be expelled from the ANA.

Parker failed to make the payment and was expelled on Oct. 2, 2003. He filed the suit against the ANA resulting from the mediation and the Board of Governors’ decision.

ANA Executive Director Christopher Cipoletti said the ANA is pleased with the result of the lawsuit, which confirms the ANA’s role in handling mediations of complaints against its members. “Consumer and collector protection and awareness are important components of ANA’s educational mission and vision,” he said.

The American Numismatic Association is a nonprofit organization dedicated to educating and encouraging people to study and collect money and related items. With nearly 33,000 members, the Association serves the collecting and academic communities and the general public with an interest in numismatics. The ANA helps people discover and explore the world of money through its vast array of programs including its education and outreach, museum, library, publications, conventions and seminars.

For more information, visit www.money.org, call 719-632-COIN or 1-800- 367-9723.

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