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<p>[QUOTE="clembo, post: 509454, member: 8033"]An interesting question for sure.</p><p><br /></p><p>Years ago I bought a fake 1914-D Lincoln from my current boss. Yes, he told me it was fake.</p><p><br /></p><p>I held it for a while before selling on ebay as an "educational tool". Now based on emails with the buyer I believe it was purchased just for that. An educational tool.</p><p><br /></p><p>However, I would never do it again. That coin could have easily been won by a person with the sole intent of selling it as genuine.</p><p><br /></p><p>Collectors and dealers have to watch out for one another. I can relate another story of being at another dealer and my current boss calling him to warn about some counterfeit Krugerands in the area. Seems a person had come into his shop and the weight was off.</p><p><br /></p><p>Now if a key date comes in my boss makes an offer but it is not a full offer as it were. He tells the seller he will pay x amount after the coin has been slabbed. If it's not legit he'll eat the slabbing fee. If it is he'll pay better money.</p><p><br /></p><p>Personally any Trade dollar that walks in the door I weigh immediately.</p><p><br /></p><p>As for what a dealer should do if they buy a fake coin. Well, hopefully they could get the money back from the person that sold it to them. If not eat the loss I'm afraid.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 509454, member: 8033"]An interesting question for sure. Years ago I bought a fake 1914-D Lincoln from my current boss. Yes, he told me it was fake. I held it for a while before selling on ebay as an "educational tool". Now based on emails with the buyer I believe it was purchased just for that. An educational tool. However, I would never do it again. That coin could have easily been won by a person with the sole intent of selling it as genuine. Collectors and dealers have to watch out for one another. I can relate another story of being at another dealer and my current boss calling him to warn about some counterfeit Krugerands in the area. Seems a person had come into his shop and the weight was off. Now if a key date comes in my boss makes an offer but it is not a full offer as it were. He tells the seller he will pay x amount after the coin has been slabbed. If it's not legit he'll eat the slabbing fee. If it is he'll pay better money. Personally any Trade dollar that walks in the door I weigh immediately. As for what a dealer should do if they buy a fake coin. Well, hopefully they could get the money back from the person that sold it to them. If not eat the loss I'm afraid.[/QUOTE]
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