What a waste of time and money by the Mint. Unless they use this to shut down counterfeiters, it is worthless. No coin that the mint produces now or has produced during the last few decades is ever going to be a "collector" coin that needs fingerprints. Please excuse me if I stepped on some toes.
If the RCM would get off their butts and actually do something constructive to stop counterfeiting and foreign imports, anything that they do to try to put lipstick on a pig still leaves you with a pig.
I believe they have had this technology available since about 2004, but it's like john100 said no one has the resources to purchase the required equipment at the other end.
"Dipping" is not considered cleaning... -from PCGS website
Interesting comments So far. I thought it would be embraced as a good measure. I think this technology is in it's infancy and I guess I let my imagination go. Perhaps in twenty years when you buy a coin you"ll be able to confirm it's a RCM product with the swipe of your phone circulating coin or NCLT.
Brainstorm! Implant a chip in coin. Store in said chip purchaser's retina info on it, Chip comes with a micro retina scan.If the original buyer doesn't scan his eyeball at least once a month the chip releases a small amount of corrosive liquid (harmless to us) and..."poof" Problem solved Imho
And for security reasons have Maxwell Smart record buyers info directly. With his shoe.
On collector coins, not necessary. On bullion coins, absolutely. Many people buy gold Maples in RCM tubes, at current prices that's close to $17,000 per tube. A little extra security would be welcome, as there plenty of gold Maple fakes out there.
As a end buyer, how would you know it's not a fake if the wholesaler is too cheap to buy the authenticating equipment, so many bullion dealers still don't have an hand held XRF.
It's only a matter of time before these "DNA" coins are cloned.
Very true.
Considering the anti-counterfeit technology began with the 2014 Gold Maple Leaf and the 2015 Silver Maple Leaf, I suppose the older "unprotected" issues will always pose the greatest risk of fakery. I wonder if that will eventually have an impact on marketability?
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