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Run on Jackson Memorabilia Triggers Scams
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Tracy Turner, The Columbus Dispatch, Ohio
“Collectibles associated with Michael Jackson are selling at a premium right now, and most of these items will not increase in value,” Coughlin said.
Price-gouging, the sale of counterfeit items and the like are common problems during times such as these, Coughlin said.
“Following the death of Princess Diana, the market was flooded with mass-produced items commemorating her death, including special-edition Beanie Babies that at one time sold for more than $100 but are now on garage-sale tables for a buck.”
People who are determined to buy Jackson memorabilia should at least be careful.
They should take steps to determine that what they’re buying is the genuine item, Coughlin said. Ask for a certificate of authenticity or look for a hologram; such markers sometimes are used by memorabilia brokers to track items.
When buying from a dealer, Coughlin also suggested checking out the company’s reputation at the Better Business Bureau’s Web site, www.bbb.org.
And pay with a credit card. If the merchandise is unsatisfactory, consumers can dispute the charge and might receive reimbursement.
tturner@dispatch.com
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