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<p>[QUOTE="dcure2002, post: 1197272, member: 17973"]I attended an auction Sunday. The auction itself was very disappointing for me, as the items that I was interested in were in horrible condition (cleaned, damaged, etc.) My question relates to the responsibility of the auction house in regards to authenticity. There were several coins and other collectibles that were out and out fakes (not good ones either). As an example there was a CC Morgan that I was looking at and another bidder was looking at, when I looked at in hand, it was almost a 1/4" too narrow in diameter. An obvious fake. The other bidder questioned the auctioneer, and was told that the buyers are the experts and that he does not know if they are real or not. He did state this prior to the auction beginning as well. However there were a few buyers that came from long distances that were upset and left. I did look through everything and did purchase two mint sets a 65 and 66 sms. There was nothing in the listing that was published prior to the auction day warning of potential "reproductions" as the auctioneer put it. </p><p>My question is, does the auctioneer have any legal obligation to verify that the items that he sells are real, or only and ethical obligation?</p><p> </p><p>Thanks,</p><p>DC[/QUOTE]</p><p><br /></p>
[QUOTE="dcure2002, post: 1197272, member: 17973"]I attended an auction Sunday. The auction itself was very disappointing for me, as the items that I was interested in were in horrible condition (cleaned, damaged, etc.) My question relates to the responsibility of the auction house in regards to authenticity. There were several coins and other collectibles that were out and out fakes (not good ones either). As an example there was a CC Morgan that I was looking at and another bidder was looking at, when I looked at in hand, it was almost a 1/4" too narrow in diameter. An obvious fake. The other bidder questioned the auctioneer, and was told that the buyers are the experts and that he does not know if they are real or not. He did state this prior to the auction beginning as well. However there were a few buyers that came from long distances that were upset and left. I did look through everything and did purchase two mint sets a 65 and 66 sms. There was nothing in the listing that was published prior to the auction day warning of potential "reproductions" as the auctioneer put it. My question is, does the auctioneer have any legal obligation to verify that the items that he sells are real, or only and ethical obligation? Thanks, DC[/QUOTE]
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