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<p>[QUOTE=&quot;Paul M., post: 2550289, member: 73165&quot;]A guarantee of authenticity is effectively an insurance policy indemnifying the collector against the possible purchase of a counterfeit coin.&nbsp; If you offer an insurance policy, you should charge a premium for it, but you should also be prepared to pay out.&nbsp; If a dealer sold a common date $10 Liberty at the 2011 peak of ~$1900 an oz, the coin would probably sell for $900-1000 or so at that time, so that would be the insured value.&nbsp; In the original scenario, the insured value is lower than the scrap value, which is why the dealer ought to buy it back at scrap value.&nbsp; I see no inconsistency.[/QUOTE]</p><p><br /></p>

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