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<p>[QUOTE=&quot;medoraman, post: 1329139, member: 26302&quot;]Maybe from me Chip, idk. This is the law where I was from. If a person who is in a position of greater knowledge lies to you about its value, then they can be held culpable of fraud if they know the other party does not have their knowledge. I helped the local police in a sting when I was younger. I had to get the hotel buyers to tell me the silver dollars, (one was a planted F 1893 S), was only worth X. If they only said they would pay X it was not a crime. The two older ones knew the game and would not say it, luckily the younger guy, exasperated, (and wanting the silver dollars), told me, &quot;hey kid, they are only worth $15 and we are offering you $12&quot;, (something to that affect, I cannot remember the numbers, but well under the market in late 79). Well that was the magic answer, I was wired, and the cops came in and arrested everyone.</p><p><br /></p><p>State law can vary, but frequently if a person of knowledge, says to a person with no knowledge, an estimate of value it cannot be untruthful. Sometimes its called the &quot;widow&#039;s law&quot; or &quot;little old lady&quot; law. However, like rlm said, value can be subjective, so to prosecute usually it has to be eggregious. That is why they planted a multi hundred dollar coin in, and not just a $60 coin, they wanted the violation to be above defensible.</p><p><br /></p><p>Just my opinion and experience. I am not advocating any of these practices Owle, I don&#039;t think any of us are, but simply saying that the law cannot step into every transaction. Coin collecting, unfortunately, has historically attracted many snake oil salesman type of dealers. It is unfortunate. I have been yelled at here for &quot;being unethical&quot; and informing family members of better options when they were getting lowballed in coin shows. I completely understand your frustration with these tactics, but my posts are reflecting reality unfortunately. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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