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<p>[QUOTE=&quot;GDJMSP, post: 509416, member: 112&quot;]PC - you make the point that I have expressed countless times for years. That point is that the majority (and this article backs that up) of dealers <b>cannot</b> identify well done fakes. It has always been that way. But most collectors, and dealers for that matter, refuse to believe it.</p><p><br /></p><p>That is why there are so very, very many decades old collections out there that are literally full of altered, problem and outright fake coins. And the owners of these collections have no clue.</p><p><br /></p><p>A large part of the reason for that is that collectors have this belief that just because a guy has been a coin for dealer for 30 or 40 years that he is an expert. Well, they are not experts. Most coin dealers only have an overall and superficial knowledge of the coins they sell. What they understand and know well is the market. When it comes to the coins they most often know less than the people they are selling the coins to. That is because the people buying the coins often do specialize in their series while the dealer does not.</p><p><br /></p><p>So &quot;Joe Collector&quot;, with his education, is much better prepared to identify a fake than the dealer is. <b>That</b> is the value of education.[/QUOTE]</p><p><br /></p>

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