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<p>[QUOTE=&quot;GDJMSP, post: 1871865, member: 112&quot;]Most people have the idea coin dealers, just because they are coin dealers, are experts when it comes to coins. Well I got news for ya folks - most of them are NOT ! A lot of them get fooled on a regular basis.</p><p><br /></p><p>Where do you think all the fakes, altered coins, and problem coins come from ? I don&#039;t mean who makes them, I mean through whose hands did those coins pass before they eventually ended up in some collectors hands ? Just about every coin there is out there has been through the hands of at least ten times as many dealers as collectors. 80% or more of all the business that a coin dealer conducts - is with another coin dealer.</p><p><br /></p><p>Most people think that collectors are the ones that benefit from the TPGs when it comes to not getting stuck with fakes, altered coins, and problem coins. But that&#039;s not so. Coin dealers are the ones who benefit the most because they deal with a thousand times as many coins as any of us do. Maybe ten thousand times as many. And if the coin is slabbed, then they don&#039;t have to worry about it.</p><p><br /></p><p>Now some dealers are experts, but if they are, they are usually experts on a given series or type, or a few types - not all coins. Dealers are just like collectors in that regard, they specialize. And they may know the coins they specialize in quite well, but other coins, they can be fooled just like you.</p><p><br /></p><p>Now everybody always want&#039;s to blame the dealer if a fake etc gets passed. They think he should know more than them simply because he&#039;s a dealer. Well, you&#039;re a collector, and YOU should know what heck you are doing before you do it. You have a responsibility too. A good dealer will always stand behind his product and accept his responsibility - do you ?[/QUOTE]</p><p><br /></p>

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