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<p>[QUOTE="Drusus, post: 685230, member: 6370"]I have about as much confidence as they do on their ability to authenticate a coin? I wouldn't guarantee it <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p> </p><p>The thing is, I think most people will send a coin off to NGC because they have grown accustom to doing such a thing and in fact many cant even buy a coin without doing this. Because the slab makes them feel more at ease about its authenticity, the coin is placed into a collection and the owner probably wont bother to get a second opinion. It has been slabbed and the person knows that in many collectors minds, slabbed means authentic so even if it IS fake, its slabbed thus authentic to many who would buy it . The slab gives people a false sense of security so they know they can sell it. After all, for many, it being real or fake is less important than the appearance of authenticity which to many = slab + label. Thus, even if its a fake, he doesn't know it and he isn't coming back to NGC any time soon. IMO the odds are in their favor.</p><p> </p><p>Its in their favor because not only do many not even bother to get a second opinion once its been slabbed and graded... EVERYONE has AT LEAST a 50/50 chance of getting it right even if you have never seen an ancient coin before. If a person has ANY real experience with ancients and how to spot fakes, can do even the most rudimentary research of fake databases, then they have far more than 50/50 chance. So they probably aren't gambling that much to go ahead and give a guarantee....but they wont...because even with what I would think is odds in their favor that most will not come back on them...they are not confident enough of their ability to do so (and they don't want to risk anything more than what you paid for them to try and get it right). </p><p> </p><p>Now if they dont offer any guarentee because they are afraid people will put their ability to the test and send in fakes just to try to trick them, again, if they are afraid of this, then they must not be confident enough to put their abilities to this test. I see nothing wrong with knowly sending in a fake. The TPG STILL gets the money if they get it right. The only difference between a person doing this and a person who doesnt know what they have is just that...the guy sending the fake in on purpose KNOWS its fake and can catch the mistake...others, once slabbed...will just proceed with the assumtion its real...whether it is or not, they have your money and you have a coin that seem a lot more authentic to people.</p><p> </p><p>This doesn't make me confident in their abilities either...I can get non guaranteed opinions from guys who know a lot about coins for free...I don't have to take the time and money, further expenses for an already expensive hobby, and enrich someone for a best guess. Just my view of all that <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Drusus, post: 685230, member: 6370"]I have about as much confidence as they do on their ability to authenticate a coin? I wouldn't guarantee it :) The thing is, I think most people will send a coin off to NGC because they have grown accustom to doing such a thing and in fact many cant even buy a coin without doing this. Because the slab makes them feel more at ease about its authenticity, the coin is placed into a collection and the owner probably wont bother to get a second opinion. It has been slabbed and the person knows that in many collectors minds, slabbed means authentic so even if it IS fake, its slabbed thus authentic to many who would buy it . The slab gives people a false sense of security so they know they can sell it. After all, for many, it being real or fake is less important than the appearance of authenticity which to many = slab + label. Thus, even if its a fake, he doesn't know it and he isn't coming back to NGC any time soon. IMO the odds are in their favor. Its in their favor because not only do many not even bother to get a second opinion once its been slabbed and graded... EVERYONE has AT LEAST a 50/50 chance of getting it right even if you have never seen an ancient coin before. If a person has ANY real experience with ancients and how to spot fakes, can do even the most rudimentary research of fake databases, then they have far more than 50/50 chance. So they probably aren't gambling that much to go ahead and give a guarantee....but they wont...because even with what I would think is odds in their favor that most will not come back on them...they are not confident enough of their ability to do so (and they don't want to risk anything more than what you paid for them to try and get it right). Now if they dont offer any guarentee because they are afraid people will put their ability to the test and send in fakes just to try to trick them, again, if they are afraid of this, then they must not be confident enough to put their abilities to this test. I see nothing wrong with knowly sending in a fake. The TPG STILL gets the money if they get it right. The only difference between a person doing this and a person who doesnt know what they have is just that...the guy sending the fake in on purpose KNOWS its fake and can catch the mistake...others, once slabbed...will just proceed with the assumtion its real...whether it is or not, they have your money and you have a coin that seem a lot more authentic to people. This doesn't make me confident in their abilities either...I can get non guaranteed opinions from guys who know a lot about coins for free...I don't have to take the time and money, further expenses for an already expensive hobby, and enrich someone for a best guess. Just my view of all that :)[/QUOTE]
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