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<p>[QUOTE=&quot;dougsmit, post: 3495948, member: 19463&quot;]I consider this one of the biggest fallacies in the hobby.&nbsp; Many coin sellers offer a lifetime guarantee of authenticity but the buyer is only protected if they find out the coin is false.&nbsp; That usually occurs when they try to sell the coin.&nbsp; This is fine for day traders who buy and sell in short order but it does nothing for those of us that are in it for the long haul.&nbsp; My personal record is owing a coin for 28 years before I found conclusive evidence it was fake.&nbsp; Yes, the seller had died but I have learned enough from the matter that you could say I benefited from the money &#039;lost&#039;.&nbsp; I suspected the coin when I bought it and should have shown it to David Sear back then.&nbsp; There are many 101% honest sellers out there and many are quite expert in many coins.&nbsp; Few know them all.&nbsp; Even NGC excludes a (very) few coins from their list of accepted types or did the last I heard.&nbsp; We can only gather information to the best of our abilities and try to learn from our mistakes knowing full well that there will be mistakes.&nbsp; I prefer to make different mistakes each time but even that can be difficult. I am not in this to build a collection that will cause CNG to publish a book when I am finished.&nbsp; I would, however, enjoy seeing it with the sub-title &quot;101 things that dumb Doug learned the hard way&quot;.[/QUOTE]</p><p><br /></p>

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