BUYING SAFELY

[numismatist 2]

I've been looking at what protection we get if buying

from a reputable source ? seems very little in some cases

It seems to be somewhere between 7 Days and an amazing 6 years

Below is what I believe what we as buyers are offered if we

buy a fake Coin. (Subject to correction if anyone knows better)

BNTA Members ---Not able yet to find out

Bonhams ---unsure but appears to be 6 years

Sothebys--- 5 Years

Morton and Eden---2 years

Christies--- 1 year

Ebay ( paid with paypal ) ---45 days (perhaps)_

DNW-- 15 Days

Spinks --7 Days

Baldwins--7 Days

Other Auctions.. Anyone know who offers what ?

[Chris Perkins 228]

BNTA members are not allowed to knowingly sell fake coins (apart from those described as such, contemporary forgeries and such like) and I certainly don't know any members that would. If a good forgery did get through - and it would in most cases have to be very good indeed - then I'm sure you'd have no trouble getting your money back, even months later (or however long it takes the buyer to verify authenticity beyond any doubt, which certainly shouldn't be years).

[argentumandcoins 70]

A saleroom is not obliged to do anything at all as all lots are sold as seen.

Most will of course do their best for the purchaser as a sign of goodwill, but it depends on the saleroom manager/director in question.

[argentumandcoins 70]

Although not a BNTA member I offer the same assurance that the BNTA do (as would Rob, Bob and Derek no doubt). Your post said it all really, REPUTABLE SOURCE. If you stick to that you should never come off on the wrong side of a transaction.

[Red Riley 2]

Although not a BNTA member I offer the same assurance that the BNTA do (as would Rob, Bob and Derek no doubt). Your post said it all really, REPUTABLE SOURCE. If you stick to that you should never come off on the wrong side of a transaction.

There is certainly nothing here to disagree with. I have however come across some disreputable sources, usually rogue e-bayers who try to pull the wool over the buyer's eyes and then point to e-bay's default 'no returns accepted' but thankfully they are in the minority.

[azda 979]

I'll think you'll find that the "no returns" policy on eBay is not worth shit. If you Open a dispute through PP you'll find you'll get your money back

[RLC35 288]

I think John is right about reputable sources! Making things right is a personal thing, that is part of doing business. I am a Dealer/Member of the ANA (American Numismatic Association) and as a member I sign onto the ANA Code of ethics, which includes a mediator to handle disputes that are not able to be adjusted between the parties! I think this is a good way of doing business. The thought of a Mediator, encourages that disputes be handled between the two parties, and they usually are. BTW... I have never had a dispute with the ANA! (Knock on wood!)

As for the eBay Guarantee... I proceed, with eBay business, as though this guarantee doesn't exist...because in practice it seldom does.

Example: I bought a fake coin for $3,000. I entered a case with eBay, and they dropped it like a hot potato, and referred me to PayPal, who is the guaranteeing party. I won the case, but since the seller only had a feedback of 47, the rules were not the same. The $2,000 guarantee (at the time) changed to $200.00 for sellers with less than 50 feedback. I was awarded the guarantee of $200.00 (less PayPal's deductable of $25.00), so I ended up with $175.00.

The seller in this case was allowed to continue selling on eBay with no restrictions, he was suspended from using PayPal for 30 days!

I like to use eBay, now and then, but you have to be aware of its shortfalls, which are many. As a foot note...I think eBay is getting better (though more expensive!) LOL!

[Red Riley 2]

I'll think you'll find that the "no returns" policy on eBay is not worth shit. If you Open a dispute through PP you'll find you'll get your money back

You're right Dave. On the occasions where I have lodged a complint against a seller, I have always won.

[Peter 615]

I had a buyer who gave me a neg.I refunded her and guess what? no return.

People like that make me glad that I will never stoop to their level.