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<p>[QUOTE="RaceBannon, post: 1009911, member: 25357"]Three basic things you can do to protect yourself from getting ripped off/stuck with a fake coin: </p><p>1. What I do to protect myself is buy only slabbed/certified coins if they are key dates, or exceed a certain dollar threshold. </p><p> </p><p>2.The other thing I do is to arm myself with knowledge. There are many books out there that will show you the correct diagnostics for expensive, key date coins, you should read these, it will help you to be able to eliminate fakes yourself.</p><p>My concern is that these books are public knowledge. How long is it before the counterfitters include the minor details that distinguish authentic coins from fakes in their counterfeit examples? </p><p> </p><p>3. Here's where a trusted dealer comes in. Find one, and they do exist, who stands by his or her product. Many will state that they guarantee their coins to be authentic for life. What that means is that if you buy a coin from them, and it is determined to be fake some time down the road, they will give you a full re-fund.</p><p>Much like in life, there are land-mines in this hobby. By following the three steps above, you greatly reduce your chances of stepping on the "fake coin" land-mine.[/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 1009911, member: 25357"]Three basic things you can do to protect yourself from getting ripped off/stuck with a fake coin: 1. What I do to protect myself is buy only slabbed/certified coins if they are key dates, or exceed a certain dollar threshold. 2.The other thing I do is to arm myself with knowledge. There are many books out there that will show you the correct diagnostics for expensive, key date coins, you should read these, it will help you to be able to eliminate fakes yourself. My concern is that these books are public knowledge. How long is it before the counterfitters include the minor details that distinguish authentic coins from fakes in their counterfeit examples? 3. Here's where a trusted dealer comes in. Find one, and they do exist, who stands by his or her product. Many will state that they guarantee their coins to be authentic for life. What that means is that if you buy a coin from them, and it is determined to be fake some time down the road, they will give you a full re-fund. Much like in life, there are land-mines in this hobby. By following the three steps above, you greatly reduce your chances of stepping on the "fake coin" land-mine.[/QUOTE]
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