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Is a "Details" or "Genuine" holdered coin "Graded" ?.
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<p>[QUOTE="GDJMSP, post: 1921777, member: 112"]Yes sellers should allow returns of Det/Gen coins, <u>especially if</u> he has a policy of graded coins not being returnable. That is because Det/Gen coins are most definitely not graded, all the Det/Gen slab does is confirm authenticity.</p><p><br /></p><p>Now, that said, my personal opinion is that wise sellers should allow returns of any and all coins, including those <u>that are graded,</u> (and of course raw coins). That is because you should never buy the slab, but instead only buy the coin. And that is not possible without an in-hand inspection.</p><p><br /></p><p>Now, could there ever be an exception to this ? Yes, but only under one condition. That condition would be that the coin being sold is offered at current Blue Sheet Bid/Ask, or less. Blue Sheet exists specifically for this scenario. The difference between Grey Sheet B/A and Blue Sheet B/A, and it is often a significant difference, is because of the increased risk that a buyer assumes when he buys a coin with no return privilege. The lower price is to offset that risk. </p><p><br /></p><p>In other words, a buyer that accepts a coin - graded, or Det/Gen - with no return privilege, knows he is taking a gamble. But the lower price is supposed to make that gamble worth taking.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1921777, member: 112"]Yes sellers should allow returns of Det/Gen coins, [U]especially if[/U] he has a policy of graded coins not being returnable. That is because Det/Gen coins are most definitely not graded, all the Det/Gen slab does is confirm authenticity. Now, that said, my personal opinion is that wise sellers should allow returns of any and all coins, including those [U]that are graded,[/U] (and of course raw coins). That is because you should never buy the slab, but instead only buy the coin. And that is not possible without an in-hand inspection. Now, could there ever be an exception to this ? Yes, but only under one condition. That condition would be that the coin being sold is offered at current Blue Sheet Bid/Ask, or less. Blue Sheet exists specifically for this scenario. The difference between Grey Sheet B/A and Blue Sheet B/A, and it is often a significant difference, is because of the increased risk that a buyer assumes when he buys a coin with no return privilege. The lower price is to offset that risk. In other words, a buyer that accepts a coin - graded, or Det/Gen - with no return privilege, knows he is taking a gamble. But the lower price is supposed to make that gamble worth taking.[/QUOTE]
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Is a "Details" or "Genuine" holdered coin "Graded" ?.
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