What Would You Do In This Situation?

I've been following this thread with interest because of the varying points of view. I can see where a valid complaint for a full refund of market value could be made if the coin had been purchased in an NCS slab & was then found to be fake. However, the original purchase of this coin was raw & the buying decision was not made based on NCS' authentication. Based on that I can see where NCS could make a case for only refunding the slabbing fee, as the buyer is in the same position as they were in before NCS slabbed the coin.

Personally I wouldn't have made such a large purchase without more knowledge. I also would have kept the paperwork behind the purchase at least as long as I had the coin. Legally, taxes must be paid on the sale of an asset, without proof of purchase you could be liable for the entire amount of the sale, even if you showed a loss on the item.

If I was to ever spend alot of money on a coin (which to me is anything over $200) I would be keeping a receipt or paperwork for it. Every coin I have ever bought off of ebay I have a printed receipt for in 2 or 3 binders and it could be anywhere from $1 to $100. Same goes for buying from a dealer.

If the particular coin doesn't come onto the market that often, then either you will have to accept NCS offer or keep the coin and take a total loss.

Glad I'm not the only one...

Take Care
Ben

It was a coin/antique bazar (military, coins, stamps). Similair to coin shows we have in Canada.. but it was half out side and half inside. At this time I really don't want to be focused on what they are offering me. It is seriusly a JOKE. I really want people to hear more about how they are treating me (ignoring me now). After they start talking to me again, and when we work something out I will let everyone know what they paid me. The person I bought the coin from had a few albums there with coins.. I don't know if I would call him a dealer or not. He does not have a store.. it was more like a private sale I guess.

NCS did say they would replace the coin. The problem is they can't find one for the price they are willing to pay. It's becuase the coin is worth a LOT more money. Like I've mentioned before I really don't care at this point if they replace it, or if they work a price out with me. As long as it's a fair price, and done in a timely fashion. Its been close to two months already.. and we have made almost zero progress. I don't see them making any progress anytime soon too.

Do you really think this person would have returned his money back to him since this was basically a flea market type of sale he attended in another country and would not give him a receipt at the time of the sale. Does that not make you think.
Did you ever try to contact the seller since you came home with the coin. (I would like to say I'm sorry to the CCF members for the earlier colorful remark I posted on this thread.) It was not called for. I would have never bought a such an expensive coin like this with out making sure I knew what I was getting my self in to. knowledge is a very important think when you set out to buy coins. If you don't know what your doing, do the research and this wouldn't happen to you. Sorry machaj I feel sorry for you and your dilemma I hope you can solve this mess with NCS or better yet with the person who sold you this coin.. Have you tried to contact any coin clubs in Poland to see if this person is known to them. hey what about the place this market was held at. I'm sure they would have some records of who he was. I don't think this person would be to hard to find since he was selling a rare and expensive coin like this. Coins like this coin is something people talk about and rumors and stories travel fast in this hobby even in Poland. I thing you need to focus on finding this person in Poland and stop putting all the blame on NCS you never resubmitted the coin to NCS or any other TPG to get it checked out. and the only thing you done was to alienate NSC by coming here and telling Your Story.

I understand what you are saying. We can talk about this until the cows come home. The coin needed to be reexamined first and find out if it really is a fake in the first place . I have not seen or read anything so far to tell me this coin is a fake. nobody has given any proof of this coin being a fake .pretty much some of the people here are assuming its a fake and what if its real, a genuine coin. what then. There are some people here jumping all over NCS for no reason with out any conclusive proof. WE have not heard from NCS maybe they checked it under a microscope and knew about the fakes that are being made. The Smithsonian seems to have a lot of faith in NCS/NGC. They are not stupid they know what they are doing and what is at stake. Like I said from the very beginning send it in and get it checked.