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<p>[QUOTE="Troodon, post: 450864, member: 4626"]Even the top tiers have made false positives before... PCGS had admitted they were once fooled by fake micro-O Morgan dollars, and quite a few of them, a few years back. I'll grant TPGS may make mistakes less often than the general public, but they're not infallible. However this isn't precisely the issue... that's an issue of authentication, not grading.</p><p><br /></p><p>Yes I can be fooled too... but if there's that much at stake and I can't tell the difference between a fake and a real one myself, I'm not touching one with a ten foot pole, especially if a dealer has no return policy if it ends up being fake (which is also bad customer service, if nothing else).</p><p><br /></p><p>A lot of dealers realizing that very few want to risk buying a fake Trade dollar (and don't want to risk their reputation by themsleves getting fooled with a fake) get most or all of their Trade dollars slabbed, for sake of authentication; the <i>grading</i> of the coin is incidental.</p><p><br /></p><p>As I've said before, this is the one exception I'm willing to make... if there's a huge risk of a coin being fake, I am willing to pay for expert <i>authentication</i>. It is reasonably provable on an objective factual basis whether a coin is real or not. It is so-called expert <i>grading</i>, which is just the subjective opinion of a handful of graders, that I'm never willing to pay for.</p><p><br /></p><p>And even when I am willing to make such an exception, I still would refuse to pay a single penny over what the coin would otherwise sell for raw. The expert authentication may affect my decision as to whether or not to buy it, but not how much I will pay.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 450864, member: 4626"]Even the top tiers have made false positives before... PCGS had admitted they were once fooled by fake micro-O Morgan dollars, and quite a few of them, a few years back. I'll grant TPGS may make mistakes less often than the general public, but they're not infallible. However this isn't precisely the issue... that's an issue of authentication, not grading. Yes I can be fooled too... but if there's that much at stake and I can't tell the difference between a fake and a real one myself, I'm not touching one with a ten foot pole, especially if a dealer has no return policy if it ends up being fake (which is also bad customer service, if nothing else). A lot of dealers realizing that very few want to risk buying a fake Trade dollar (and don't want to risk their reputation by themsleves getting fooled with a fake) get most or all of their Trade dollars slabbed, for sake of authentication; the [I]grading[/I] of the coin is incidental. As I've said before, this is the one exception I'm willing to make... if there's a huge risk of a coin being fake, I am willing to pay for expert [I]authentication[/I]. It is reasonably provable on an objective factual basis whether a coin is real or not. It is so-called expert [I]grading[/I], which is just the subjective opinion of a handful of graders, that I'm never willing to pay for. And even when I am willing to make such an exception, I still would refuse to pay a single penny over what the coin would otherwise sell for raw. The expert authentication may affect my decision as to whether or not to buy it, but not how much I will pay.[/QUOTE]
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