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<p>[QUOTE="Lolli, post: 3981534, member: 96900"]"CNG has perhaps the largest black cabinet around. It’s probably 7500-10000 items."</p><p><br /></p><p>How did they get so many ?</p><p>If a coin at auction turns out to fake and it will be noticed before or while or shortly after sale it will be withdrawn. The turn around of money is in most cases not immediately, so even if the coin will be noticed short after auction as fake the auction house will not free the money for the coin and take the coin back from the buyer and send it back to consignor. And even after sale it will be possible to send the coin back to consignor and gwtting the money back in most cases. </p><p>Most people who go to auction houses want to sell their coins at autions, to get more money for them than selling them to aution houses or dealers for much less.</p><p>That whole collections including fakes will be sold to auciton houses is very rare because it means that the seller is very stupid or needs the money very very fast.</p><p><br /></p><p>How to get fakes as auction house:</p><p>1. if you buy whole collections (very rare and dream of auction houses because they will make huge profit)</p><p>2. If coins sold at their auction turn out to be fake and they are not able to get money back from consignor[/QUOTE]</p><p><br /></p>
[QUOTE="Lolli, post: 3981534, member: 96900"]"CNG has perhaps the largest black cabinet around. It’s probably 7500-10000 items." How did they get so many ? If a coin at auction turns out to fake and it will be noticed before or while or shortly after sale it will be withdrawn. The turn around of money is in most cases not immediately, so even if the coin will be noticed short after auction as fake the auction house will not free the money for the coin and take the coin back from the buyer and send it back to consignor. And even after sale it will be possible to send the coin back to consignor and gwtting the money back in most cases. Most people who go to auction houses want to sell their coins at autions, to get more money for them than selling them to aution houses or dealers for much less. That whole collections including fakes will be sold to auciton houses is very rare because it means that the seller is very stupid or needs the money very very fast. How to get fakes as auction house: 1. if you buy whole collections (very rare and dream of auction houses because they will make huge profit) 2. If coins sold at their auction turn out to be fake and they are not able to get money back from consignor[/QUOTE]
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