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You buy a coin from your coin dealers and you take it back home. This has been done in good faith, and now you send it off to be graded. To your dismay you find that what you bought wasn’t in fact the real thing at all but a really good fake. Don’t immediately take this to mean that the coin dealers are dishonest and that they sold you a dud coin on purpose. There are a great many coin dealers and an even greater number of counterfeit coins. Most coin dealers won’t always be able to tell if what they have in their hands is the genuine article or not. Even the best coin dealers, the experts, can be taken in by an amazing forgery, and only a handful will be able to tell the difference. That’s what grading services are there for these days though. To take away the chance that you might be dealing with a fake. And for the most part the grading services will give you an accurate estimate of what the coin is worth and its state. But there are grading services and there are grading services. Not all grading services were created equal, and some will allow just about anything to slip past their sights with hardly any murmur. A good service like the conservative grading that PCGS offers though is more valuable to a collector than any of the others. So, your coin might actually have been graded when you bought it, but it was only when you sent it for re-grading that you found it’s a dud. In either case, will your coin dealers be willing and able to recompense you? This is a valid question as you’ve paid good money to get what you thought was a good coin from those coin dealers. Obviously things can go wrong over the years and solvent coin dealers might suddenly go belly up and in the red, and be unable to recompense you for your loss. There’s nothing you can do about life’s little hiccups like that, you just need to go with the flow and take it on the chin. But what about if the coin dealers aren't bankrupt, and are still very much solvent? Will they be willing to extend the hand of good service and recompense you for what you bought in good faith? Muna wa Wanjiru is a web administrator and has been researching and reporting on internet marketing for years. For more information on Coin Dealers, visit his site at Coin Dealers
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