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<p>[QUOTE="OldDan, post: 48667, member: 1872"]Ref: Coin World article dated May 2, 05, p. 72 by Mr. A. R. Vartian.</p><p>Related to the Uniform Commercial Code, Sec. 2-725 as it relates to statutes of limitations on coin guaranties by third party grading cos.</p><p><br /></p><p>As I understand the article:</p><p>1) YOU, as the owner of the coin at the time it was incapsulated by grading service, is the ONLY ONE guarantied the coins grade and its authenticity. If you sell this coin, the buyer has no such guarantee.</p><p>2) If you believe there is a grading error or that the coin may not be authentic, YOU must, within 4 years of incapsulating, submit it for any consideration by grading company. NO ONE else has this right.</p><p>Note: After 4 years even you don’t have any recourse to make it right.</p><p><br /></p><p>So explain to me again, just how a slabbed coin can be of more value. Especially if it had been done over four years ago. I fail to see any advantage in encapsulated coins, when this is taken into consideration.</p><p> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie5" alt=":confused:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="OldDan, post: 48667, member: 1872"]Ref: Coin World article dated May 2, 05, p. 72 by Mr. A. R. Vartian. Related to the Uniform Commercial Code, Sec. 2-725 as it relates to statutes of limitations on coin guaranties by third party grading cos. As I understand the article: 1) YOU, as the owner of the coin at the time it was incapsulated by grading service, is the ONLY ONE guarantied the coins grade and its authenticity. If you sell this coin, the buyer has no such guarantee. 2) If you believe there is a grading error or that the coin may not be authentic, YOU must, within 4 years of incapsulating, submit it for any consideration by grading company. NO ONE else has this right. Note: After 4 years even you don’t have any recourse to make it right. So explain to me again, just how a slabbed coin can be of more value. Especially if it had been done over four years ago. I fail to see any advantage in encapsulated coins, when this is taken into consideration. :confused:[/QUOTE]
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