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 Replies: 23 / Views: 5,381 |
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Pillar of the Community
Canada
3690 Posts |
Many bullion items, silver and gold bars in particular, have serial numbers and they don't add much if anything to the cost of the product.
I think anything practical to slow counterfeiters is worth doing though I agree, I would not want to see a number or marking on the obverse or reverse.
I also suspect that they could be added as very small markings on the edging. Edge lettering link the Eagles from last year or other coins from the past would be sufficient.
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Valued Member
Canada
480 Posts |
@canadian_coins I can see your point.
But I don't believe this will be the case. They would have to do each one with a different serial number each time as in the case of the loonie everyone is the same. And I'm almost 100% sure the mint will add on a substantial premium.
I do agree this would be a neat idea.
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Pillar of the Community
Canada
1502 Posts |
like on the backs of watches, would be a nice idea.
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Pillar of the Community
Canada
2366 Posts |
Just imagine the premium for the # 00,001 coin!
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Bedrock of the Community
Australia
21788 Posts |
Properly graded diamonds have tiny laser identification codes etched into the girdle. There have been examples of this being done done with copied ID codes etched onto lesser graded stones.
There is nothing new under the sun when it comes to dishonesty.
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Pillar of the Community
 United States
2408 Posts |
Quote:
There is nothing new under the sun when it comes to dishonesty If you want to make a point that anything can be replicated to defraud people, sure. I didn't say it would completely eliminate counterfeiting either. My presumption is that it would make it harder. That alone makes it worthwhile. |
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Bedrock of the Community
Australia
21788 Posts |
My first numismatic love is ancient coins.
I have long since learned to be wary.
Having access to some sophisticated scientific analysis equipment has made me that way.
I have about the same level of skepticism when it comes to buying a used car: - healthy wariness, but NOT paranoid.
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Pillar of the Community
Canada
1581 Posts |
The issue I would have is it would turn everything into a number hunt.
I don't think it would boost the overall total value of release, but suck value from all the common number coins to boost a few special numbers.
It becomes like banknotes.
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Pillar of the Community
United States
2408 Posts |
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Valued Member
Canada
192 Posts |
embedded RFID? interesting idea... side numbered would probably win in the cost/benefit analysis. Frankly, I'm a bit surprised it's not regularly done on shorter mintage coins already.
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Valued Member
Canada
192 Posts |
(I meant to add: I suspect an RFID might have issues embedded in pure silver or gold (for example) with signal attenuation, but I'm not an electrical engineer. From a collector standpoint though, I can't imagine the bullion-focused to have any interest in that.)
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Pillar of the Community
Canada
2845 Posts |
Interesting topic to this thread that's been revived. As for reduction of counterfeits, if private collectors had the means to identify it, counterfeiters would have the means to create it. I'd lay my money on the main attraction of serial numbers becoming a hunt much in the same way as what now is graded PF70. The recent change by RCM to offer low# CAOs to MC members is clearly a step in the direction toward the perception that low is better. However in comparison to banknote serial numbers, there's a key difference and that is the banknote is still worth face and the unique serial number offers a premium so the pursuit costs nothing. But NCLT is already sold at a stiff premium. I can imagine that RCM's 30 day No-Questions-Asked Guarantee would certainly be humming and why not order the max in pursuit of the most desirable serial number and return the rest? Human nature is what it is..... Edited by wildflowerAB
07/18/2016 08:47 am
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Valued Member
Canada
192 Posts |
Yup, I can't personally imagine doing the return-till-happy dance unless it's a pretty big issue. That's not what makes the collecting fun for me! But, we know there are those who will abuse any advantage they can.
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Pillar of the Community
United States
2408 Posts |
Regarding RFID in metals... I found this on the web:
Passive low-frequency (LF) tags work best in the presence of metal. Companies such as RFID, Inc. offer LF tags that can be embedded into a small hole drilled into a metal pipe or bar. Passive high-frequency (HF) tags can also work in metal. InfoChip manufactures tags that are designed to be inserted into a metal hole drilled into oil pipes and other metal objects that need to be tracked.
This would certainly add some cost...
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Valued Member
Canada
192 Posts |
Honestly, the cost difference between RFID and side engraving is probably negligible... micro RFID chips must be a dime a dozen these days. I still can't see bullion nuts being happy about embedded RFID though.
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Posted 01/22/2014 6:37 pm
