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<p>[QUOTE="Andrew McCabe, post: 3766475, member: 90666"]A methodology of needing a coin to be considered genuine by both seller and grader seems a reasonable precaution if one is not an expert. Good process.</p><p><br /></p><p>Still the raw figure of one in 15 returns from NGC surprises me. Knowing my own area, I'd estimate one in 100 as being a more typical of fakes or significantly altered coins in any reliable random large auction (and I rarely buy from unreliable sellers). My own proportion is lower still as evidently I avoid buying the fakes. "International auction houses" covers a range from highly reliable, to sellers known to sell many fakes. Just being on Sixbid/Numisbids is no guarantee. Some sell almost no fakes, or at least only the very occasional and difficult to assess fakes (e.g. NAC, CNG, Kuenker). Perhaps rather than aiming at lowering the cost of returns, it is possible to be selective about who to buy from to start with. I'd tend to think of the postage costs as a cost associated with a decision to buy from less reliable sellers, maybe offset by coins being on average cheaper.[/QUOTE]</p><p><br /></p>
[QUOTE="Andrew McCabe, post: 3766475, member: 90666"]A methodology of needing a coin to be considered genuine by both seller and grader seems a reasonable precaution if one is not an expert. Good process. Still the raw figure of one in 15 returns from NGC surprises me. Knowing my own area, I'd estimate one in 100 as being a more typical of fakes or significantly altered coins in any reliable random large auction (and I rarely buy from unreliable sellers). My own proportion is lower still as evidently I avoid buying the fakes. "International auction houses" covers a range from highly reliable, to sellers known to sell many fakes. Just being on Sixbid/Numisbids is no guarantee. Some sell almost no fakes, or at least only the very occasional and difficult to assess fakes (e.g. NAC, CNG, Kuenker). Perhaps rather than aiming at lowering the cost of returns, it is possible to be selective about who to buy from to start with. I'd tend to think of the postage costs as a cost associated with a decision to buy from less reliable sellers, maybe offset by coins being on average cheaper.[/QUOTE]
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