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<p>[QUOTE="dougsmit, post: 8132390, member: 19463"]Errors are not a problem. We all make errors. The problem comes when those errors are not handled properly. If someone of my level reports a fake, I do not expect the big guys to believe me without checking but the deal breaker is when a house does not take down the fake after proper investigation. It would be interesting to know how many 'its fake' notes a big house gets on the average sale and the number of those that are incorrect. I don't read many auction catalogs (most dropped me for good reason when I retired to fixed income in 2003). I don't 'report' a coin unless I am 110% certain I am right. So far, I have had a good percentage of reports taken seriously. It has been a couple years since I reported this one. I do wonder what the consignor did with the coin. Was it sent to another house that didn't see its obvious problem either? </p><p>[ATTACH=full]1416582[/ATTACH] </p><p><br /></p><p>What is the 'proper' thing for an auction to do with such coins? They can't very well confiscate the property but returning it will often result in it being sent to another dealer. It would be good if there were a secret dealer network on which they could post fakes they rejected and names of the consigners. Maybe there is. I would not know.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 8132390, member: 19463"]Errors are not a problem. We all make errors. The problem comes when those errors are not handled properly. If someone of my level reports a fake, I do not expect the big guys to believe me without checking but the deal breaker is when a house does not take down the fake after proper investigation. It would be interesting to know how many 'its fake' notes a big house gets on the average sale and the number of those that are incorrect. I don't read many auction catalogs (most dropped me for good reason when I retired to fixed income in 2003). I don't 'report' a coin unless I am 110% certain I am right. So far, I have had a good percentage of reports taken seriously. It has been a couple years since I reported this one. I do wonder what the consignor did with the coin. Was it sent to another house that didn't see its obvious problem either? [ATTACH=full]1416582[/ATTACH] What is the 'proper' thing for an auction to do with such coins? They can't very well confiscate the property but returning it will often result in it being sent to another dealer. It would be good if there were a secret dealer network on which they could post fakes they rejected and names of the consigners. Maybe there is. I would not know.[/QUOTE]
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