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Some reflections on ancient coin acquisition and fakes
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<p>[QUOTE="Alex22, post: 3576763, member: 102942"]Thanks [USER=100005]@RichardT[/USER], however, I am not generalising into auction house=bad and retail=good. I am just saying that auction house or provenance is not a guaranty of the authenticity, i.e. one should not get the coin and refrain from any further exploration on the basis of a full trust of its source. Threads popping up here on CoinTalk once in a while are a good testament that the mistakes always happen.</p><p><br /></p><p>I think the confusion here is between the varying perception of the probability vs. "guaranteed to be authentic". The latter one, for me, is binary. It is either authentic or not, so we cannot say that the auction houses and good provenance are a guaranty of authenticity. Those may indeed increase the odds of authenticity while taking in consideration with other factors, but we should refrain from an over-reliance on the source alone.</p><p><br /></p><p>I do agree with [USER=86498]@Terence Cheesman[/USER] and others on buying from a trusted source dramatically increases the odds of having a genuine coin, and ends in no loss when fakes are identified, because of the possibility of returning and a full refund, which is what I mentioned in the original post too.</p><p><br /></p><p>[USER=90666]@Andrew McCabe[/USER], we indeed live at an age when information is more accessible, for those who are willing to contribute sufficient time and efforts to study it, or funds to have others doing it for you. This age also opens opportunities to store the full extent of individual "investigations" and justified conclusions for each coin, for the curious souls and next owners to find those if searching for it later. There is however no guarantee that decades downstream, the stored information here and in the fake reports of FAC will not disappear because the hosting service payments cease.[/QUOTE]</p><p><br /></p>
[QUOTE="Alex22, post: 3576763, member: 102942"]Thanks [USER=100005]@RichardT[/USER], however, I am not generalising into auction house=bad and retail=good. I am just saying that auction house or provenance is not a guaranty of the authenticity, i.e. one should not get the coin and refrain from any further exploration on the basis of a full trust of its source. Threads popping up here on CoinTalk once in a while are a good testament that the mistakes always happen. I think the confusion here is between the varying perception of the probability vs. "guaranteed to be authentic". The latter one, for me, is binary. It is either authentic or not, so we cannot say that the auction houses and good provenance are a guaranty of authenticity. Those may indeed increase the odds of authenticity while taking in consideration with other factors, but we should refrain from an over-reliance on the source alone. I do agree with [USER=86498]@Terence Cheesman[/USER] and others on buying from a trusted source dramatically increases the odds of having a genuine coin, and ends in no loss when fakes are identified, because of the possibility of returning and a full refund, which is what I mentioned in the original post too. [USER=90666]@Andrew McCabe[/USER], we indeed live at an age when information is more accessible, for those who are willing to contribute sufficient time and efforts to study it, or funds to have others doing it for you. This age also opens opportunities to store the full extent of individual "investigations" and justified conclusions for each coin, for the curious souls and next owners to find those if searching for it later. There is however no guarantee that decades downstream, the stored information here and in the fake reports of FAC will not disappear because the hosting service payments cease.[/QUOTE]
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Some reflections on ancient coin acquisition and fakes
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