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Beware of people selling coins at flea markets. Lots of counterfeits.
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<p>[QUOTE="model77, post: 1348844, member: 34102"]Scenario:</p><p><br /></p><p>I'm a silver bug that knows very little about numi, but i love pretty, toned coins. I find a beautiful, rainbow toned Morgan in a PCGS holder (or not) at a price I can afford so I buy it. I take it home and then find simular coins going on ebay for hundreds. I like the coin but would rather use the money to increase the size of my stack so I sell it to you on ebay. Maybe you notice it is a fake or maybe you hold it for years and then sell it again. I'm sure there are many collectors that would not bother with due diligence if it is in a PCGS holder. This coin has unwittingly changed hands many times with no one noticing so who is to blame other than the counterfeiter? </p><p><br /></p><p>Maybe an even more interesting question though, is who is harmed, other than the last person holding the coin and realizes it is a fake. That person then has the ethical decision of taking the loss or dumping it again on some newer collector and starting the cycle all over again!</p><p><br /></p><p>-also-</p><p>based on your comment do you think it is unethical to garage sale hunt for cheap silverware, vases, rare paintings, etc. if you do not tell the seller that they are not selling it for full value? I'm not saying I look to rip people off, I"m just kind of playing devils advocate on this ethics issue. I've read in the coin roll hunting tread of people watcing people dump change in the coin machines, hearing the silver dropping inthe reject bin and not saying anything so they can grab it. others feel they are stealing b/c they do not say anything.</p><p><br /></p><p><br /></p><p>Opps <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />ff-topic:[/QUOTE]</p><p><br /></p>
[QUOTE="model77, post: 1348844, member: 34102"]Scenario: I'm a silver bug that knows very little about numi, but i love pretty, toned coins. I find a beautiful, rainbow toned Morgan in a PCGS holder (or not) at a price I can afford so I buy it. I take it home and then find simular coins going on ebay for hundreds. I like the coin but would rather use the money to increase the size of my stack so I sell it to you on ebay. Maybe you notice it is a fake or maybe you hold it for years and then sell it again. I'm sure there are many collectors that would not bother with due diligence if it is in a PCGS holder. This coin has unwittingly changed hands many times with no one noticing so who is to blame other than the counterfeiter? Maybe an even more interesting question though, is who is harmed, other than the last person holding the coin and realizes it is a fake. That person then has the ethical decision of taking the loss or dumping it again on some newer collector and starting the cycle all over again! -also- based on your comment do you think it is unethical to garage sale hunt for cheap silverware, vases, rare paintings, etc. if you do not tell the seller that they are not selling it for full value? I'm not saying I look to rip people off, I"m just kind of playing devils advocate on this ethics issue. I've read in the coin roll hunting tread of people watcing people dump change in the coin machines, hearing the silver dropping inthe reject bin and not saying anything so they can grab it. others feel they are stealing b/c they do not say anything. Opps :off-topic:[/QUOTE]
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Beware of people selling coins at flea markets. Lots of counterfeits.
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