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ANACS counterfeit policy, anyone contacted yet?

Linky

" At ANACS, any coin that we believe may be counterfeit or altered may be returned to the customer with a note calling the piece "Questionable Authenticity." This would mean we are not absolutely certain the coin is a counterfeit, but we believe it is. Before we ever say a coin is absolutely counterfeit or altered, we send it to renowned experts who offer their opinion.

If we are absolutely certain that a the coin is a counterfeit or an alteration, pursuant to federal law and in accordance with our legal obligations we are required to turn the piece over to the U.S Secret Service. The Secret Service's standard procedure is to contact the current owner and the previous owner and have the previous owner return the purchase price to the buyer. The Secret Service's ultimate goal is to trace the coin back to the original perpetrator. "

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image Anyone contacted yet, LOL.

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    JulianJulian Posts: 3,370 ✭✭✭
    I believe that ANACS, along with all the other services will return any coin that they do not see fit to encapsulate.

    IMHO, coins have never been forwarded to the SS, as per the statement
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    eBaystore
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    PerryHallPerryHall Posts: 45,438 ✭✭✭✭✭
    Remember when the Secret Service destroyed several 1969-S DDO cents sent to them for authentication before they later admitted they were legitimate mint errors?

    Worry is the interest you pay on a debt you may not owe.

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    northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭


    << <i>Linky

    " At ANACS, any coin that we believe may be counterfeit or altered may be returned to the customer with a note calling the piece "Questionable Authenticity." This would mean we are not absolutely certain the coin is a counterfeit, but we believe it is. Before we ever say a coin is absolutely counterfeit or altered, we send it to renowned experts who offer their opinion.

    If we are absolutely certain that a the coin is a counterfeit or an alteration, pursuant to federal law and in accordance with our legal obligations we are required to turn the piece over to the U.S Secret Service. The Secret Service's standard procedure is to contact the current owner and the previous owner and have the previous owner return the purchase price to the buyer. The Secret Service's ultimate goal is to trace the coin back to the original perpetrator. "

    ***********************************************************************************

    image Anyone contacted yet, LOL. >>




    Impliedly what that says is that counterfeits are getting so good (thanks to China and the digital imaging technology) that ANACS hopes you won't send them a coin you know to be counterfeit so they will end up having to make good on their guarantee once it gets holdered. I suspect those who have posted that coins don't actually get sent to the SS are probably correct.

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