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I don't get it (old gold coins vs. gold bullion)?
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<p>[QUOTE="GDJMSP, post: 3217168, member: 112"]For those who are actually willing to listen, there are still a lot of honest people in the world, dealers you can respect and put your trust in. And if they somehow manage to sell you a counterfeit a coin, they will allow you to return it even years later and refund your full purchase price. Primarily they do this because because of who and what they are - honest men and women who stand behind what they do. To them their word means something. </p><p><br /></p><p>But if it makes you feel better there is one other added reason - the law requires them to refund your money if they sell you a counterfeit. By law, title to a coin cannot be passed if it is a counterfeit that was sold as being genuine.</p><p><br /></p><p>And there is another added incentive to only deal with trusted and respected dealers, even when you are buying slabbed coins that later prove to be counterfeit. If you buy a slabbed coin that is a counterfeit from them, they will refund your full purchase price. </p><p><br /></p><p>Of course the TPG will honor their guarantee as well, but there is a difference. Let's say you paid $800 for the coin. If you go to the TPG to have them honor their guarantee, the TPG, and nobody else, will determine what the coin is worth and that is what they will pay you. And if they say that coin is only worth $500, and not the $800 you paid for it - then they will only give you $500.</p><p><br /></p><p>Of course the TPG also has the option to replace the coin for you. But if they don't happen to have one or don't care to buy one, they will pay you money instead. But they are the ones, the only ones, who determine how much they will pay you.</p><p><br /></p><p>This in no way means that I am against buying slabbed coins - I am absolutely not against buying slabbed coins ! In fact I am strongly in favor of collectors buying slabbed coins, especially when they do not have extensive knowledge about those coins. But what I said above is true.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3217168, member: 112"]For those who are actually willing to listen, there are still a lot of honest people in the world, dealers you can respect and put your trust in. And if they somehow manage to sell you a counterfeit a coin, they will allow you to return it even years later and refund your full purchase price. Primarily they do this because because of who and what they are - honest men and women who stand behind what they do. To them their word means something. But if it makes you feel better there is one other added reason - the law requires them to refund your money if they sell you a counterfeit. By law, title to a coin cannot be passed if it is a counterfeit that was sold as being genuine. And there is another added incentive to only deal with trusted and respected dealers, even when you are buying slabbed coins that later prove to be counterfeit. If you buy a slabbed coin that is a counterfeit from them, they will refund your full purchase price. Of course the TPG will honor their guarantee as well, but there is a difference. Let's say you paid $800 for the coin. If you go to the TPG to have them honor their guarantee, the TPG, and nobody else, will determine what the coin is worth and that is what they will pay you. And if they say that coin is only worth $500, and not the $800 you paid for it - then they will only give you $500. Of course the TPG also has the option to replace the coin for you. But if they don't happen to have one or don't care to buy one, they will pay you money instead. But they are the ones, the only ones, who determine how much they will pay you. This in no way means that I am against buying slabbed coins - I am absolutely not against buying slabbed coins ! In fact I am strongly in favor of collectors buying slabbed coins, especially when they do not have extensive knowledge about those coins. But what I said above is true.[/QUOTE]
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