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<p>[QUOTE="NPCoin, post: 367406, member: 5629"]Everybody has their own rules, especially for sight unseen. However, I have some serious qualms with "PNG only".</p><p><br /></p><p>Something that some people see as a point of comfort, I see as a stepping stool to corruption. The PNG requires a minimum of $100k verified numismatic assets to become a member. Some would see this as signifying in some way that because a dealer has the finances to hold and maintain a significant inventory and thus holds some form of demanded respect and trustworthiness.</p><p><br /></p><p>I view it more that the dealer has the financial ability to thwart and/or adversely affect what should be disinterested investigations and observations regarding the dealer. The PNG takes complaints against their member dealers and makes the decision on the outcome of any complaint.</p><p><br /></p><p>However, what many fail to understand, the PNG is run BY constituents of those very same dealers you will be complaining about. Many times, also, these dealers will have enough revenue from those that DO NOT complain, either because they feel it is too much trouble, or because they do not know any better, that remedying the situation by "making it right" costs them little to nothing.</p><p><br /></p><p>A dealer that has to rely more upon his own reputation in the community rather than on a guild endorsement, in my opinion, is more likely to have more scruples, though, because of the fact that there is no apparent "accountability" as with PNG members, when the unscrupulous do pull one on you, it will most likely be a much more costly transaction for the buyer.</p><p><br /></p><p>Yet, there are still legal remedies, both in tort as well as criminal law, that are there and available, but too many feel it is just "too much trouble". Whether it is a used car salesman, time share hyper, or coins, it is always caveat emptor, and when you do get taken, TAKE THE TIME AND EFFORT, and remedy the situation with the proper authorities.</p><p><br /></p><p>Trusting the kettle to remedy grievances against the pots is like allowing dowsing a fire with a fifth of vodka. It may look like water, but the results may very well in the long run be far from what you expected.</p><p><br /></p><p>That's not to say that Soda Ant's suggestion is wrong in any way. If you are not sure, it is always better to take whatever form of "protection" is necessary until you are used to the waters and know how to swim.</p><p><br /></p><p>All in all, however, the OP has already did the best thing they could ever do by asking first for advise before making any transactions. :thumb:[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 367406, member: 5629"]Everybody has their own rules, especially for sight unseen. However, I have some serious qualms with "PNG only". Something that some people see as a point of comfort, I see as a stepping stool to corruption. The PNG requires a minimum of $100k verified numismatic assets to become a member. Some would see this as signifying in some way that because a dealer has the finances to hold and maintain a significant inventory and thus holds some form of demanded respect and trustworthiness. I view it more that the dealer has the financial ability to thwart and/or adversely affect what should be disinterested investigations and observations regarding the dealer. The PNG takes complaints against their member dealers and makes the decision on the outcome of any complaint. However, what many fail to understand, the PNG is run BY constituents of those very same dealers you will be complaining about. Many times, also, these dealers will have enough revenue from those that DO NOT complain, either because they feel it is too much trouble, or because they do not know any better, that remedying the situation by "making it right" costs them little to nothing. A dealer that has to rely more upon his own reputation in the community rather than on a guild endorsement, in my opinion, is more likely to have more scruples, though, because of the fact that there is no apparent "accountability" as with PNG members, when the unscrupulous do pull one on you, it will most likely be a much more costly transaction for the buyer. Yet, there are still legal remedies, both in tort as well as criminal law, that are there and available, but too many feel it is just "too much trouble". Whether it is a used car salesman, time share hyper, or coins, it is always caveat emptor, and when you do get taken, TAKE THE TIME AND EFFORT, and remedy the situation with the proper authorities. Trusting the kettle to remedy grievances against the pots is like allowing dowsing a fire with a fifth of vodka. It may look like water, but the results may very well in the long run be far from what you expected. That's not to say that Soda Ant's suggestion is wrong in any way. If you are not sure, it is always better to take whatever form of "protection" is necessary until you are used to the waters and know how to swim. All in all, however, the OP has already did the best thing they could ever do by asking first for advise before making any transactions. :thumb:[/QUOTE]
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