Lifetime Authenticity Guarantee - How Does It Work?

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Author	Replies: 3 / Views: 2,351
DL20K Pillar of the Community Poland 3201 Posts	Posted 01/25/2017 11:41 am Many dealers, e.g. at Vcoins, say their coins have a lifetime guarantee of authenticity. I'd like to ask about two things related to this statement (this question is not based on any specific case): How are you supposed to prove that the coin is fake? I guess telling them "I think it's bogus" won't do. Should one send the coin in question to NGC/PCGS and get it bagged? What if the coin is older the starting date for grading services? An XRF analysis report? A statement by an expert (and who would that be)? How do you prove that you bought it from them and that the coin you're sending is actually the same specimen? Even if you have an invoice saying you bought a coin from them for a certain price, there won't be a picture of it on the invoice itself. Finally, what documents - if any - should you save just in case? What if they don't send you anything, just the coin? Report this Post to the Staff

oriole Pillar of the Community Canada 5239 Posts	Posted 01/25/2017 12:43 pm These are all excellent questions. I also have another: Whose lifetime? The dealer or the buyer? Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 01/25/2017 1:05 pm The dealer is simply saying that if you have a problem with a Coin you bought from them, return it for their refund according to their refund policy. It isn't any more complicated than that. Most of the dealers who give such guarantees never have returns because they do what they are supposed to do in describing and picturing their merchandise. As for who's life? Are you kidding? If the dealer dies its gonna be hard to get a refund from the dead. If you die, I'm kinda thinking you might have a tough time returning a Coin. Report this Post to the Staff
westernsky Pillar of the Community United States 7618 Posts	Posted 01/25/2017 1:09 pm A "lifetime guarantee" is only good as 1) the paper it is printed on, 2) the longevity and physical existence of the business making the guarantee and 3) the financial resources available to make the guarantee "good" if a problem arises. If there is doubt that you think a raw coin you purchased is authentic then the onus is on you to quickly have the coin certified by a reputable grading company. Although "lifetime guarantee" sounds good, whose "lifetime" are we talking about? Yours? The dealers? Or the coins? It is a lot easier to prove your case when minds are fresh and faces are the same. 25 years down the road the dealer that sold you the coin may not be around if the coin is deemed "not genuine" or has "questionable authenticity". What do you do then? Not much! Whatever, it is a good idea to keep all paperwork associated with the purchase to help prove your case and also establish a cost basis for tax purposes when you sell. All reputable companies usually send packing slips and/or invoices with their shipments. If the company only sends you a coin with no receipt then ASK for one...along with a copy of their guarantee. Good luck! Report this Post to the Staff
	Replies: 3 / Views: 2,351

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