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<p>[QUOTE=&quot;justafarmer, post: 950875, member: 3926&quot;]If a dealer represents a coin as an 1878-CC Morgan Dollar and the buyer later discovers the coin received was an 1878-S Morgan Dollar; the buyer has a legal claim. Irrespective of how long the buyer spent examining the coin.&nbsp; Irrespective of whether the coin is counterfeit or not. Once the dealer made the representation that the coin was an 1878-CC he created a warranty.&nbsp; A dealer representing a Buffalo Nickel as 1938-D OMM1 has created a warranty that the coin is in fact that specific variety. </p><p><br /></p><p>Likewise the same holds true for grading. Once a dealer places a grade on a coin they have created an expressed warranty as to condition of that coin. It is true that there is no specific grading standard recognized by the industry but that does not provide a defense for a dealer utilizing an undisclosed proprietary 100 point grading scale standard in which BU stands for butt ugly. It is reasonable for a buyer to assume when purchasing a dealer graded coin from a dealer, who list membership in ANA as credentials, that the coin purchased is graded according to ANA standards. It is reasonable for a buyer, who purchases a coin knowing the dealer priced it according to GREYSHEET, to assume the coin grades accordingly. It is reasonable for a buyer to assume that a coin will grade equal to or above a specific grade by a specific grading service if a dealer represents the coin would do so.[/QUOTE]</p><p><br /></p>

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