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<p>[QUOTE=&quot;kaosleeroy108, post: 1545814, member: 18877&quot;][h=3]<span style="color: #800000"><b>How do you protect yourself from buying a counterfeit?</b></span>[/h]The best advice that I give clients and collectors is to never buy a coin that cannot be returned. No matter how temping the bargain, it is probably a trap! Buying only certified coins&nbsp; is great protection, but knowing that you can return something if there is a problem is your safest move. Most expert rare coin dealers do not have much trouble with counterfeits because of years of experience. Use their knowledge to your advantage.</p><p>Recently the Secret Service has become much more active in looking at the coin counterfeiting problem. Last year, they contacted me about ideas on how to attack the situation. They have many experts on counterfeit currency, but limited knowledge with coins. They’ve known of the problem for years, but were not diligent enough in dealing with it. The Secret Service has made several arrests in recent months and their efforts were at least partially responsible for the eBay changes. The government knows they cannot arrest everyone in China or even the shady individuals in the United States selling them. They can, however, make high profile arrests and attempt to punish those involved to the fullest extent of the law. At least in the future, the bad guys know there might be serious consequences for their actions.</p><p>In general, the counterfeit coin problem is real and a danger to our hobby. Collectors can and should protect themselves by dealing with reputable dealers. <a href="http://www.ngccoin.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ngccoin.com/" rel="nofollow">NGC</a> spends a tremendous amount of effort staying on top of the problem as well. Best advice: Buy certified coins from someone you trust!!![/QUOTE]</p><p><br /></p>

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