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<p>[QUOTE="imrich, post: 1962097, member: 22331"]I believe you'll find that legislation in your state will allow individuals and government to correct some of the problems which have transpired in a self-proclaimed 10 figure dollar amount industry, where applied objective "standards" are seemingly in conflict with those of published documents. This legislation when applied by government agencies, and civil actions testing the values of damages guaranteed, relative to published values of worth, may result in industry changes.</p><p><br /></p><p>A case in point was that I received an unsolicited offer from a Director, Senior Numismatist. thus: "A representative will be in the area. Thinking of selling $25,000 or more in total value, we can meet with you at your home or bank."</p><p><br /></p><p>An itemized list of 35 .4839 Oz. Gold NGC and PCGS Eagles, 28 different dates/grades, ~85% MS61 or greater certified, the remainder AU/MS60 was promptly submitted for sale to the firm at a local bank. Current raw "Grey Sheet Bid" values total exceeded the $25000 stated requirement for a personal evaluation by the firms representative.</p><p><br /></p><p>A response was received: "These coins are common. We would purchase outright. You need to ship the coins to us for an offer."</p><p><br /></p><p>Lesser coins of some listed were in auction archives, seemingly sold damaged, without grades, and in lower tier TPG holders.</p><p><br /></p><p>I submitted a counteroffer to purchase a 6 figure dollar amount at "Grey Sheet Bid", "sight unseen". The coins were to be delivered by their representative, for exchange at a local bank, with my funds being transfered in any manner desired. They did not schedule a meeting as initially seemingly promised, nor was a response returned from the contacting representative.</p><p><br /></p><p>It appears only independent investigation or adjudication can determine possible civil or criminal actions, values, and possible damages/fines. </p><p><br /></p><p>Without the statutes generated, collector protection doesn't appear otherwise available.</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 1962097, member: 22331"]I believe you'll find that legislation in your state will allow individuals and government to correct some of the problems which have transpired in a self-proclaimed 10 figure dollar amount industry, where applied objective "standards" are seemingly in conflict with those of published documents. This legislation when applied by government agencies, and civil actions testing the values of damages guaranteed, relative to published values of worth, may result in industry changes. A case in point was that I received an unsolicited offer from a Director, Senior Numismatist. thus: "A representative will be in the area. Thinking of selling $25,000 or more in total value, we can meet with you at your home or bank." An itemized list of 35 .4839 Oz. Gold NGC and PCGS Eagles, 28 different dates/grades, ~85% MS61 or greater certified, the remainder AU/MS60 was promptly submitted for sale to the firm at a local bank. Current raw "Grey Sheet Bid" values total exceeded the $25000 stated requirement for a personal evaluation by the firms representative. A response was received: "These coins are common. We would purchase outright. You need to ship the coins to us for an offer." Lesser coins of some listed were in auction archives, seemingly sold damaged, without grades, and in lower tier TPG holders. I submitted a counteroffer to purchase a 6 figure dollar amount at "Grey Sheet Bid", "sight unseen". The coins were to be delivered by their representative, for exchange at a local bank, with my funds being transfered in any manner desired. They did not schedule a meeting as initially seemingly promised, nor was a response returned from the contacting representative. It appears only independent investigation or adjudication can determine possible civil or criminal actions, values, and possible damages/fines. Without the statutes generated, collector protection doesn't appear otherwise available. JMHO[/QUOTE]
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