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Slabbed ancients.....yay or nay?
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<p>[QUOTE="IdesOfMarch01, post: 3103280, member: 39084"]Here's a direct copy of ANACS' guarantee:</p><p><br /></p><p>[ATTACH=full]785781[/ATTACH]</p><p><br /></p><p>Note especially the second paragraph language:</p><p><br /></p><p><b>"If the ... grade is lower... ANACS agrees, at its discretion, to either purchase the coin from the owner at fair market value or pay the owner of the coin the difference between the coins' [sic] fair market value at the re-examination grade and the fair market value at the grade originally assigned by ANACS."</b></p><p><br /></p><p>This is NOT a guarantee of <i><b>authenticity</b></i> -- it's a guarantee of <i><b>grade</b></i>. As far as I can determine, ANACS provides no explicit guarantee of an ancient coin's authenticity, nor is there an implicit guarantee either.</p><p><br /></p><p>So what happens if ANACS authenticates your ancient coin and it turns out to be counterfeit? Do you get paid the fair market value of the coin, which is $0.00 since it's a counterfeit? </p><p><br /></p><p>Maybe I'm missing something here, but this guarantee is worth exactly $0.00 in the case of authenticating ancient coins.[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 3103280, member: 39084"]Here's a direct copy of ANACS' guarantee: [ATTACH=full]785781[/ATTACH] Note especially the second paragraph language: [B]"If the ... grade is lower... ANACS agrees, at its discretion, to either purchase the coin from the owner at fair market value or pay the owner of the coin the difference between the coins' [sic] fair market value at the re-examination grade and the fair market value at the grade originally assigned by ANACS."[/B] This is NOT a guarantee of [I][B]authenticity[/B][/I] -- it's a guarantee of [I][B]grade[/B][/I]. As far as I can determine, ANACS provides no explicit guarantee of an ancient coin's authenticity, nor is there an implicit guarantee either. So what happens if ANACS authenticates your ancient coin and it turns out to be counterfeit? Do you get paid the fair market value of the coin, which is $0.00 since it's a counterfeit? Maybe I'm missing something here, but this guarantee is worth exactly $0.00 in the case of authenticating ancient coins.[/QUOTE]
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