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<p>[QUOTE=&quot;NorthKorea, post: 1798478, member: 29643&quot;]This is because other businesses (banks, insurers, lenders) rely upon the appraisal information for determining security value on the property. No bank is going to accept Tim Godsil&#039;s opinion as a basis for lending against a secured asset or valuation for insurance purposes. Analogies only work when they&#039;re at least reasonably related. Your analogy is that two completely different industries might charge fees for appraisals.</p><p><br /></p><p><br /></p><p><br /></p><p>No one is under any obligation to sell when they take their coins to dealers, either. There is no legal basis for a dealer saying &quot;Here&#039;s $50, I&#039;m taking the coins.&quot; Also, your service relies upon the assumption that individuals who get the coins and know nothing about coins are seeking your opinion... to sell them. I still think others who say you&#039;re doing what a dealer does for free (when applicable) are right.</p><p><br /></p><p><br /></p><p><br /></p><p>I agree in principle with your statement. That said, you aren&#039;t exactly an individual qualified to make such assessments. You don&#039;t have credentials (that you&#039;ve told us about) from the ANA, PNG or anyone else. As for the applicability of your creditworthiness to this venture, I think it&#039;s very important, as you would need to be bonded, and if you have no assets and lots of overdue liabilities, your risk profile will be extreme. You&#039;ll either be very expensive to insure or non-insurable.</p><p><br /></p><p>Think of it this way:</p><p><br /></p><p>If you&#039;re sent $250k worth of coins (won&#039;t happen, but for argument&#039;s sake...) and &quot;lose&quot; them, you&#039;ll owe the owners whatever they claimed they sent you. The insurance company would need to be willing to take on that risk. Given your history, they might make you bond yourself at $100k and cover the additional $150k at a 10% annual premium. Maybe more. Most likely, they&#039;ll just say their actuaries declined to take on your risk.</p><p><br /></p><p>However, once I do an appraisal, the sender can &quot;shop around&quot; to see which dealer will offer the most.[/QUOTE]</p><p><br /></p>

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