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Counterfeits: I was a tattle-tale at the coin show today.
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<p>[QUOTE="rysherms, post: 1871903, member: 46631"]i think you are partially correct however you made a few assumptions and generalizations. allow me to clarify my oversimplified statements.</p><p><br /></p><p>if someone makes their living by selling coins as it would appear this dealer the OP speaks of does, then it would only be fair to agree that as a dealer, he would need to know his inventory. before buying something, he needs to properly identify it. failure to do so lands him as the one to blame <i>this far down the chain.</i> every single hand it touched before him is equally to blame, however, he is the one holding it right now, and trying to pass it off, knowingly or not.</p><p><br /></p><p>i never said collectors are the ones to benefit from TPGs, in fact, i feel TPGs benefit numismatics in general by adding a level of equality and safety between the professionals and the collectors.</p><p><br /></p><p>i still stand by my statement. this dealer is the one holding a relatively expensive coin. i know that in my fields of business, if i were not to properly research an acquistion, then my entire business' reputation and financial standing is at risk. this dealer should be held to the same standard. further, i feel that even a collector has a responsibility to research a purchase. the dealers quick "had it since i was a kid" response just screams ignorance. not such a good dealer if he hasn't been able to move this particular piece in decades. or rather, has been holding a counterfeit piece "unknowingly" for decades and never figured it out.[/QUOTE]</p><p><br /></p>
[QUOTE="rysherms, post: 1871903, member: 46631"]i think you are partially correct however you made a few assumptions and generalizations. allow me to clarify my oversimplified statements. if someone makes their living by selling coins as it would appear this dealer the OP speaks of does, then it would only be fair to agree that as a dealer, he would need to know his inventory. before buying something, he needs to properly identify it. failure to do so lands him as the one to blame [I]this far down the chain.[/I] every single hand it touched before him is equally to blame, however, he is the one holding it right now, and trying to pass it off, knowingly or not. i never said collectors are the ones to benefit from TPGs, in fact, i feel TPGs benefit numismatics in general by adding a level of equality and safety between the professionals and the collectors. i still stand by my statement. this dealer is the one holding a relatively expensive coin. i know that in my fields of business, if i were not to properly research an acquistion, then my entire business' reputation and financial standing is at risk. this dealer should be held to the same standard. further, i feel that even a collector has a responsibility to research a purchase. the dealers quick "had it since i was a kid" response just screams ignorance. not such a good dealer if he hasn't been able to move this particular piece in decades. or rather, has been holding a counterfeit piece "unknowingly" for decades and never figured it out.[/QUOTE]
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Counterfeits: I was a tattle-tale at the coin show today.
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