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GSA's thread
What can WE do about coin doctors?
Has great information.
Why does everyone ignore it?
Are we only here to argue?
John Butler
Sahara Coins
&
Vintage Paper Memories
What can WE do about coin doctors?
Has great information.
Why does everyone ignore it?
Are we only here to argue?
John Butler
Sahara Coins
&
Vintage Paper Memories
0
Comments
Link to thread
Neil
K S
no one just says, "lets decide what to do!" "yes lets!" "ok lets do it!" "ok its done!" "ok, no problem any more" "ok lets party!!!"
you do it every day, by
1. not trying to fraudently doctor coins yourself
2. not doing business with fraudulent coin doctors
3. educating and warning the newer collector base about fraudulent practices
4. finding and warning any known or discovered fraudulent coin doctors
5. running them off eBay on a rail
all of which various citizens of this board have professed to do.
Liberty: Parent of Science & Industry
K S
Camelot
I've dealt with "The Good Ole Boys" network in everything from speeding tickets in southern kangeroo courts to permits to build a doghouse & rezoning properties from swampland to commercial to build $20 million condos. Old money talks and BS walks so I'm leery of any group that secretly polices it's own. I can see the dealers at a anti doctor meeting amongst a lot of handshaking, back slapping & winking at each other as they say "Billy Rob the Revlon flaked of your last Bust Half and it cost me a lot of $$ because I had to buy it back-remember to put some biege base on the next ones."
Yeah it's easy to sit here and be sarcastic from my keyboard but you get the idea of what I'm saying right?
So what's my answer?
#1 More education in detecting doctored coins. Other than 1 example that Legend posted here and a few pictures in books that I can't even remember the names of I'm clueless as the next guy as what to look for and how to do it. Let's make examples & diagnostics as easy to find as if we were looking for the diagnostics of an authentic 3 legged Buffalo.
#2 Let's convince everybody that the raw toned or MS66 DMPL Morgans on eBay are not good deals even at $20 per coin nor are the chances great for a true cherrypick. We're worried about bad coins in slabs but the market is big for raw material too.
What about the raw doctored junk?
Actually if I were a doctor I would not sell a raw coin because unprotected by the slab the "improvements" will quickly go bad plus the buyers have the added bonus of being able to smell it, feel it, dip it in acetone, look at the rims, get a up close look at it, etc.
While I know it's not feasable to create a fund to buy up all the problem coins and destroy them I do know if nobody buys them then they sit in dealer's cases unsold-so if the dealers can't sell this junk then they don't buy it in the first place.