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<p>[QUOTE="dougsmit, post: 8112976, member: 19463"]It might be good to compare the coin situation to other professional opinions. When you go to a doctor who says you have a month to live, does he kill you in 30 days? When a person spends 50 years in jail for a crime he did not commit and is released after new evidence is found, does he get his life back? When you buy a property and someone later shows the seller had no good title are you glad you paid extra for title insurance? Opinions are just that. We could probably obtain something akin to title insurance protecting a buyer from TPG errors but how much additional would you be willing to pay for each 'guaranteed' opinion? That leaves the problem of having to prove that the latest opinion that a coin was fake was more valid that the earlier on that it was good. The only benefit to all this would be to the lawyers who get paid as much for being on the wrong side as being right. I value the opinion of the NGC graders. What I disparage is the way their slabs encourage the buying and selling of labeled plastic boxes between two parties that know absolutely nothing about the coins inside. I would prefer boxes that snap open and shut but I realize the need to prevent coins being removed and damaged before being replaced. Modern coins which exist by the thousands so identical that it is hard to tell them apart needed the sealed certainty of not being tampered with. Ancients are significantly more different one from another and make photo certificates more reasonable but that still leaves the possibility of damage after the TPG opinion had been rendered. I am really tired of hearing that NGC does not guarantee their work. This came up once previously in my experience. Eastman Kodak made film for cameras. If I bought a roll that was bad or lost in processing, their contractual guarantee limited their liability to the price paid for film and processing. If you took that film on your European vacation, they did not send you back for a reshoot. Perhaps it would be reasonable for NGC to be expected to return your $50 (or whatever you paid) but I suspect that a definite fake in a genuine NGC slab would sell as well as a genuine example of that type. One of us here on CT had such a fake coin in NGC slab. I sent them my Raw example of that fake in the belief that they were worth more as a set. I have forgotten who it was or if he is still with us but I hope he has kept the two together. </p><p>[ATTACH=full]1411659[/ATTACH] </p><p><br /></p><p>Currently, I own only one coin in a slab but it is by a worthless company that could not tell one son of Constantine from another let alone be trusted to authenticate a coin. I do not have a photo of the whole slab but this image shows the coin and the label rearranged. On several occasions I have been tempted to crack this out so I could examine the coin (which I believe to be genuine - just misidentified). </p><p>[ATTACH=full]1411660[/ATTACH] </p><p><br /></p><p>As a collector, I would enjoy owning a fake in NGC plastic and agree that NGC would be better off buying back their errors to put in their 'Black Museum'. I would be interested in knowing the exact number of such fakes that they have released but that is not a number I expect to be forthcoming.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 8112976, member: 19463"]It might be good to compare the coin situation to other professional opinions. When you go to a doctor who says you have a month to live, does he kill you in 30 days? When a person spends 50 years in jail for a crime he did not commit and is released after new evidence is found, does he get his life back? When you buy a property and someone later shows the seller had no good title are you glad you paid extra for title insurance? Opinions are just that. We could probably obtain something akin to title insurance protecting a buyer from TPG errors but how much additional would you be willing to pay for each 'guaranteed' opinion? That leaves the problem of having to prove that the latest opinion that a coin was fake was more valid that the earlier on that it was good. The only benefit to all this would be to the lawyers who get paid as much for being on the wrong side as being right. I value the opinion of the NGC graders. What I disparage is the way their slabs encourage the buying and selling of labeled plastic boxes between two parties that know absolutely nothing about the coins inside. I would prefer boxes that snap open and shut but I realize the need to prevent coins being removed and damaged before being replaced. Modern coins which exist by the thousands so identical that it is hard to tell them apart needed the sealed certainty of not being tampered with. Ancients are significantly more different one from another and make photo certificates more reasonable but that still leaves the possibility of damage after the TPG opinion had been rendered. I am really tired of hearing that NGC does not guarantee their work. This came up once previously in my experience. Eastman Kodak made film for cameras. If I bought a roll that was bad or lost in processing, their contractual guarantee limited their liability to the price paid for film and processing. If you took that film on your European vacation, they did not send you back for a reshoot. Perhaps it would be reasonable for NGC to be expected to return your $50 (or whatever you paid) but I suspect that a definite fake in a genuine NGC slab would sell as well as a genuine example of that type. One of us here on CT had such a fake coin in NGC slab. I sent them my Raw example of that fake in the belief that they were worth more as a set. I have forgotten who it was or if he is still with us but I hope he has kept the two together. [ATTACH=full]1411659[/ATTACH] Currently, I own only one coin in a slab but it is by a worthless company that could not tell one son of Constantine from another let alone be trusted to authenticate a coin. I do not have a photo of the whole slab but this image shows the coin and the label rearranged. On several occasions I have been tempted to crack this out so I could examine the coin (which I believe to be genuine - just misidentified). [ATTACH=full]1411660[/ATTACH] As a collector, I would enjoy owning a fake in NGC plastic and agree that NGC would be better off buying back their errors to put in their 'Black Museum'. I would be interested in knowing the exact number of such fakes that they have released but that is not a number I expect to be forthcoming.[/QUOTE]
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