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Coin Ruling Affects Perception of Value

July 7, 2015 in Coins, Collecting, Education, Grading, Legal, News, Numismatica, Numismatics, Opinion, US Government

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

MS66

In late May, a federal court judge in Texas issued a ruling against a New York-based firm that owned a third-party grading company between November 2010 and December 2011, citing the Racketeer Influenced and Corrupt Organization Act (RICO) and potentially awarding close to $1.9 million for the plaintiffs.

You can read about the lawsuit by clicking here. You can also read Judge Nelva Gonzales Ramos’s Findings of Fact and Conclusions of Law (PDF) in which she summarizes and then expands on the case. In essence, the company that offered the coins may have given the perception of independent objective… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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