Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Buying and Selling ethical question...
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 2549057, member: 112"]Not so. There have been many cases where it was not discovered that a coin was a counterfeit until years after the purchase, and the dealer still had to take the coin back and refund the buyers money.</p><p><br /></p><p>You see, when a dealer sells you a coin, as a genuine coin, he has to guarantee that coin is indeed genuine, and that guarantee is for life. </p><p><br /></p><p>So you can buy a coin from a dealer, put it in your collection, and years later send it to a TPG for grading. And if the coin comes back as a counterfeit then, even years later, the dealer has to refund your money. That's the law, and the dealer has no say in the matter. It all hinges on what is called title. And if a fake is sold as a genuine coin then legally there is no transfer of title. </p><p><br /></p><p>And like I said you have to <u>prove</u> all this - you can't just "claim" it is true. An expert, like a TPG, has to examine the coin and verify that it is indeed a counterfeit. And you have to prove that you bought the coin from the dealer, with a receipt from that dealer. Do that and the dealer's hands are tied - he has to refund your money.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2549057, member: 112"]Not so. There have been many cases where it was not discovered that a coin was a counterfeit until years after the purchase, and the dealer still had to take the coin back and refund the buyers money. You see, when a dealer sells you a coin, as a genuine coin, he has to guarantee that coin is indeed genuine, and that guarantee is for life. So you can buy a coin from a dealer, put it in your collection, and years later send it to a TPG for grading. And if the coin comes back as a counterfeit then, even years later, the dealer has to refund your money. That's the law, and the dealer has no say in the matter. It all hinges on what is called title. And if a fake is sold as a genuine coin then legally there is no transfer of title. And like I said you have to [U]prove[/U] all this - you can't just "claim" it is true. An expert, like a TPG, has to examine the coin and verify that it is indeed a counterfeit. And you have to prove that you bought the coin from the dealer, with a receipt from that dealer. Do that and the dealer's hands are tied - he has to refund your money.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Buying and Selling ethical question...
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...