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<p>[QUOTE="medoraman, post: 1197300, member: 26302"]I believe you are correct if they listed an item as, for example, "1873 Trade Dollar", and it turns out to be fake. However, if they clearly state that they are not experts and that all sales are final I think a court would not hold them liable for selling a fake. Caveat emptor still applies, and an auction from a non-expert is a much different place to buy coins than buying from a dealer. A friend bought some fakes from a non-coin auctioneer one time, and the auctioneer would not take them back since he stated he didn't know what they were, and that all sales were final. My friend lost in small claims court.</p><p><br /></p><p>This really is a big deal too many collectors overlook in pursuit of deals. Buying from dealers is usually more expensive, but with that purchase you usually have lifetime return protection from fakes. I buy from auctions, both in person and electronically, but unless I REALLY know a series will not spend serious money at one, unless it is by a coin firm that I hate return privileges with.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1197300, member: 26302"]I believe you are correct if they listed an item as, for example, "1873 Trade Dollar", and it turns out to be fake. However, if they clearly state that they are not experts and that all sales are final I think a court would not hold them liable for selling a fake. Caveat emptor still applies, and an auction from a non-expert is a much different place to buy coins than buying from a dealer. A friend bought some fakes from a non-coin auctioneer one time, and the auctioneer would not take them back since he stated he didn't know what they were, and that all sales were final. My friend lost in small claims court. This really is a big deal too many collectors overlook in pursuit of deals. Buying from dealers is usually more expensive, but with that purchase you usually have lifetime return protection from fakes. I buy from auctions, both in person and electronically, but unless I REALLY know a series will not spend serious money at one, unless it is by a coin firm that I hate return privileges with.[/QUOTE]
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