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Never again buying raw ancients from online auctions.
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<p>[QUOTE="Kaleun96, post: 7802759, member: 92635"]I guess then that NGC has never made a mistake and slabbed a fake coin, missed some tooling, or slabbed a fourree etc? NGC is just another layer on top of the assessment by the person or business you're buying your coins from. "You never know what you're getting" applies as much to NGC as it would to an auction house. That is to say they're telling you what you're getting and you either agree with them or you don't.</p><p><br /></p><p>As what I'm sure was said by others when they told you legitimate and reputable auction houses offer protection and recourse against fakes or tooled coins: no one is infallible, no method is perfect, and mistakes will slip through.</p><p><br /></p><p>It comes down to how comfortable someone is in their own judgement and the judgement of those they buy from. If you are not confident when it comes to being able to identify a fake or tooled coin, then I can understand why you may want to pay a company to do this assessment for you.</p><p><br /></p><p>Not to say that my, or anyone else's, assessment is on par with NGC, but it's a matter of balancing the risk. For a particularly expensive coin that is known to have convincing fakes on the market, I might seek out NGC or another expert but for other coins be content with the expertise of the dealer and my own assessment. Though in the former scenario, I'd still refuse the slab and just take their assessment![/QUOTE]</p><p><br /></p>
[QUOTE="Kaleun96, post: 7802759, member: 92635"]I guess then that NGC has never made a mistake and slabbed a fake coin, missed some tooling, or slabbed a fourree etc? NGC is just another layer on top of the assessment by the person or business you're buying your coins from. "You never know what you're getting" applies as much to NGC as it would to an auction house. That is to say they're telling you what you're getting and you either agree with them or you don't. As what I'm sure was said by others when they told you legitimate and reputable auction houses offer protection and recourse against fakes or tooled coins: no one is infallible, no method is perfect, and mistakes will slip through. It comes down to how comfortable someone is in their own judgement and the judgement of those they buy from. If you are not confident when it comes to being able to identify a fake or tooled coin, then I can understand why you may want to pay a company to do this assessment for you. Not to say that my, or anyone else's, assessment is on par with NGC, but it's a matter of balancing the risk. For a particularly expensive coin that is known to have convincing fakes on the market, I might seek out NGC or another expert but for other coins be content with the expertise of the dealer and my own assessment. Though in the former scenario, I'd still refuse the slab and just take their assessment![/QUOTE]
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Never again buying raw ancients from online auctions.
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