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 Replies: 37 / Views: 10,235 |
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Valued Member
United States
383 Posts |
Troubling indeed. This just solidifies my appreciation for the efforts this forum's members make to keep their fellow collectors informed about nefarious garbage like this.
ET
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Moderator
 United States
23522 Posts |
Would that ebay were a member here. |
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Pillar of the Community
United States
1531 Posts |
That label is killing me... I hope no one who owns a PCGS coin would actually fall for that.
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Pillar of the Community
United States
1247 Posts |
rfid chips can be duplicated...
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Pillar of the Community
United States
1903 Posts |
absolutely an RFID chip can be duplicated, but the info can be encrypted so that only the issuing TPG can authenticate it. An RFID reader can be easily acquired (and cheaply) and hooked up to a computer for online verification. This info couldn't be copied unless you had the original in hand. Anything is able to be copied, but being RFID is "invisible" you couldn't simply match a barcode that you can see online with just an image. To copy and RFID you would need the original in hand which just makes it that much more difficult to copy. |
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Pillar of the Community
United States
1796 Posts |
Aye but sadly the average person doesn't have a means to easily verify RFID yet.
I'm surprised that TPGs don't put QR codes that link directly to pictures on their items yet.
Perhaps I should patent that idea. :-)
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Moderator
United States
23522 Posts |
Quote:
Aye but sadly the average person doesn't have a means to easily verify RFID yet.
If the TPG encrypts the RFID as they should, it's useless to anyone but them anyway. And it's not difficult to image a coin in such detail as to make identification easy. Any of you could do it for less than $500 in equipment. |
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Pillar of the Community
United States
7375 Posts |
Quote:
I really don't mean to be unsympathetic to the plight of the sucker, but anyone who thinks that they are getting a $40,000 coin for $150 dollars, genuinely deserves to lose that $150. Is it possible the seller is marketing the coin to other crooks looking to flip the $150 coin for whatever they can get? |
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New Member
United States
30 Posts |
There could be a business opportunity and service to this community in the form of a third party verification house for higher value coins. It would have to begin with high resolution photos of the coins at the time they are graded and slabbed, with all the unique bumps and scratches serving as the coins' fingerprints.
Pay with an escrow service (through the verification house). Have the verification done, then shipped to you.
This would essentially put the counterfeiters out of business, unless some were foolish enough to pay for these China gems as-is.
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Bedrock of the Community
United States
17884 Posts |
Quote:
It would have to begin with high resolution photos of the coins at the time they are graded and slabbed, with all the unique bumps and scratches serving as the coins' fingerprints You've just described part of PCGS's Secure Plus service. The problem is in order to have a suspect coin compared to it's recorded "fingerprint" you have to send the coin back to the firm that created to original fingerprint. An image probably would not be good enough. |
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New Member
United States
1 Posts |
Does PCGS have any plans to include photos of their coins? All TPG should include photos of all coins graded. This is the only way to stop counterfeiters. I would even pay a dollar more for grading per coin if they are too cheap to stop this.  |
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Pillar of the Community
 861 Posts |
Currently, PCGS will only picture coins in their "secure" holders that submitters must pay more for. NGC pictures ALL coins they certify at no additional cost. ANACS amd ICG do not picture any of its coins.
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Pillar of the Community
United States
2815 Posts |
This slab counterfeiting is getting crazy good, which is why I'm seriously considering purchasing the rest of the key date Morgans for my set in NGC holders. That way I can verify the authenticity with certainty.
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Bedrock of the Community
United States
17884 Posts |
Make sure they are recent NGC holders (less than about 7 years old) or there won't be any images on NGC to compare them to.
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Pillar of the Community
United States
2815 Posts |
Quote:
Make sure they are recent NGC holders (less than about 7 years old) or there won't be any images on NGC to compare them to. Thank you very much for pointing this out. I didn't realize this was such a recent practice for NGC. I just purchased my first CC Morgan, and I verified it using NGC's coin details app. I felt much more comfortable making the purchase. This will certainly be true when it comes time for the 1894 and 1893-S. |
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Replies: 37 / Views: 10,235 |
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Posted 01/01/2015 12:07 pm
