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<p>[QUOTE="IdesOfMarch01, post: 3103138, member: 39084"]Everybody needs to understand that there is a huge (and legal) difference between an <i><b>authentication</b></i> and a <i><b>guarantee</b></i>.</p><p><br /></p><p>An <i>authentication</i> is just an opinion, expert or not, that the item is authentic -- in this case, an authentic ancient coin. If the coin turns out <b>not</b> to be authentic, there isn't necessarily a legal obligation on the part of the authenticator to do anything at all.</p><p><br /></p><p>A <i>guarantee</i> is a specific agreement to do something if the item is proven to be NOT as represented -- in this case, the guarantee may possibly pay for or replace the non-authentic coin.</p><p><br /></p><p>I don't know if ANACS actually guarantees its authentication opinion via any sort of financial or replacement commitment. Such a guarantee would have to be explicitly written somewhere in the material supplied by ANACS along with the coin. It's possible that they guarantee their authentication only to the extent of refunding the cost of the slabbing process if the coin is later proven not to be authentic.[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 3103138, member: 39084"]Everybody needs to understand that there is a huge (and legal) difference between an [I][B]authentication[/B][/I] and a [I][B]guarantee[/B][/I]. An [I]authentication[/I] is just an opinion, expert or not, that the item is authentic -- in this case, an authentic ancient coin. If the coin turns out [B]not[/B] to be authentic, there isn't necessarily a legal obligation on the part of the authenticator to do anything at all. A [I]guarantee[/I] is a specific agreement to do something if the item is proven to be NOT as represented -- in this case, the guarantee may possibly pay for or replace the non-authentic coin. I don't know if ANACS actually guarantees its authentication opinion via any sort of financial or replacement commitment. Such a guarantee would have to be explicitly written somewhere in the material supplied by ANACS along with the coin. It's possible that they guarantee their authentication only to the extent of refunding the cost of the slabbing process if the coin is later proven not to be authentic.[/QUOTE]
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