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<p>[QUOTE="Lord Geoff, post: 2164662, member: 42001"]I'm sure many of you know about this, but I was watching an American Greed about it. </p><p><br /></p><p><a href="http://www.cnbc.com/id/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cnbc.com/id/" rel="nofollow">http://www.cnbc.com/id/</a></p><p><br /></p><p>In a nutshell, these guys were telemarketing and cold calling folks and selling them way overgraded coins. When eventually convicted, one of the brothers from prison hired a hit man to "behead the judge and prosecutor and keep their heads in formaldehyde." Nice guys.</p><p><br /></p><p>Anyway, here is the question I don't understand. The brothers were selling overgraded coins, but not counterfeit or anything like that. One fellow who bought "$140,000" of coins had them appraised at about $20,000, which makes sense (think buying a nice MS66 whatever that actually is a cleaned piece of junk. 1/7 of value seems about right.) So how is that different from any other basement slabber? Or is all basement slabbing illegal? I am confused by the whole thing.[/QUOTE]</p><p><br /></p>
[QUOTE="Lord Geoff, post: 2164662, member: 42001"]I'm sure many of you know about this, but I was watching an American Greed about it. [url]http://www.cnbc.com/id/[/url] In a nutshell, these guys were telemarketing and cold calling folks and selling them way overgraded coins. When eventually convicted, one of the brothers from prison hired a hit man to "behead the judge and prosecutor and keep their heads in formaldehyde." Nice guys. Anyway, here is the question I don't understand. The brothers were selling overgraded coins, but not counterfeit or anything like that. One fellow who bought "$140,000" of coins had them appraised at about $20,000, which makes sense (think buying a nice MS66 whatever that actually is a cleaned piece of junk. 1/7 of value seems about right.) So how is that different from any other basement slabber? Or is all basement slabbing illegal? I am confused by the whole thing.[/QUOTE]
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