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If TPGs guaranteed authenticity for ancients would you use them?
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<p>[QUOTE="IdesOfMarch01, post: 8332183, member: 39084"]Let's start by defining "authenticity" in the context of ancient coins. I would propose the following criteria for an ancient coin to be judged "authentic:"</p><p><br /></p><p>1. The coin was struck during the time period it was purported to be struck (this excludes modern forgeries struck or cast with ancient flans).</p><p><br /></p><p>2. The coin was struck by an official mint or moneyer acting within its purview. (This excludes ancient forgeries struck unofficially and also excludes ancient fourees).</p><p><br /></p><p>3. The coin is of the type that it is purported to be; i.e., it isn't an ancient flan that was re-engraved to be a different type from its original strike.</p><p><br /></p><p>Using this definition, I would argue that all purportedly ancient coins are, in an absolute sense, either authentic or not authentic. Note that this is <i>not</i> logically the same as asserting that authenticity is an absolute fact.</p><p><br /></p><p>I would next argue that it is impossible to prove, on an absolute basis, whether or not a purportedly ancient coin is authentic, so its authenticity really is judged on a continuum of opinions and judgments over a period of time.</p><p><br /></p><p>Finally, I will reassert an opinion that I wrote previously on this site that it makes no financial sense for a TPG to insure a coin for its purchase value, since the TPG didn't sell the coin originally. The dealer who sold the coin has some recourse in the event the coin is proved a forgery, since he/she can go back to the original seller for reimbursement. TPGs don't have this recourse and coupled with the limited and unique nature of ancient coins (as opposed to the commodity nature of modern graded coins), it would be difficult at best to provide full purchase-price insurance.[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 8332183, member: 39084"]Let's start by defining "authenticity" in the context of ancient coins. I would propose the following criteria for an ancient coin to be judged "authentic:" 1. The coin was struck during the time period it was purported to be struck (this excludes modern forgeries struck or cast with ancient flans). 2. The coin was struck by an official mint or moneyer acting within its purview. (This excludes ancient forgeries struck unofficially and also excludes ancient fourees). 3. The coin is of the type that it is purported to be; i.e., it isn't an ancient flan that was re-engraved to be a different type from its original strike. Using this definition, I would argue that all purportedly ancient coins are, in an absolute sense, either authentic or not authentic. Note that this is [I]not[/I] logically the same as asserting that authenticity is an absolute fact. I would next argue that it is impossible to prove, on an absolute basis, whether or not a purportedly ancient coin is authentic, so its authenticity really is judged on a continuum of opinions and judgments over a period of time. Finally, I will reassert an opinion that I wrote previously on this site that it makes no financial sense for a TPG to insure a coin for its purchase value, since the TPG didn't sell the coin originally. The dealer who sold the coin has some recourse in the event the coin is proved a forgery, since he/she can go back to the original seller for reimbursement. TPGs don't have this recourse and coupled with the limited and unique nature of ancient coins (as opposed to the commodity nature of modern graded coins), it would be difficult at best to provide full purchase-price insurance.[/QUOTE]
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If TPGs guaranteed authenticity for ancients would you use them?
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