Options
Hypothetical - Differing opinions on Authenticity, Seller vs TPG
STONE
Posts: 15,275 ✭
A stem-thread from MrEureka's Hypothetical in The Numismatist...
Say a well-known, highly experienced, specialist dealer sells a raw coin they guarantee is authentic. In less than a year the buyer submits the coin to a Major TPG, but that TPG states the coin is a counterfeit/not authentic. The original Buyer returns to the Seller asking/demanding a refund (a year later) with the "Not Genuine" tab from the TPG. The Seller examines the coin again and sticks with his original opinion of authenticity and refuses a refund on that ground. Where does the buyer stand in this situation? Who should the buyer believe in terms of authenticity, the seller or TPG?
Say a well-known, highly experienced, specialist dealer sells a raw coin they guarantee is authentic. In less than a year the buyer submits the coin to a Major TPG, but that TPG states the coin is a counterfeit/not authentic. The original Buyer returns to the Seller asking/demanding a refund (a year later) with the "Not Genuine" tab from the TPG. The Seller examines the coin again and sticks with his original opinion of authenticity and refuses a refund on that ground. Where does the buyer stand in this situation? Who should the buyer believe in terms of authenticity, the seller or TPG?
0
Comments
A year is a long time. I expect most if not all dealers have a threshold for when they'll accept a return. I would personally believe the TPG over a dealer... not necessarily because the TPG is always right, but they are the ones that are currently market acceptable.
Regardless of when it is discovered to be a false item, it still is what it is.
The dealer(s) who sold the item in question is/are still responsible all the way back to the source (if determined).