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RCM "Dna" Authenicated Coins

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 Posted 01/07/2017  3:37 pm  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list
I believe the first coins to leverage this technology will be the gold bullion maple leafs.
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 Posted 01/07/2017  3:51 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list
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.
Edited by okiecoiner
01/07/2017 5:44 pm
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3234 Posts
 Posted 01/07/2017  3:58 pm  Show Profile   Bookmark this reply Add DEVLEC to your friends list

Quote:
No coin that the mint produces now or has produced during the last few decades is never going to be a "collector" coin that needs fingerprints.


You're going to get in trouble if tWoonie-coiner reads your last post.......but I kind of agree with you..So now we're both in for it...
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 Posted 01/07/2017  4:36 pm  Show Profile   Bookmark this reply Add DBM to your friends list
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
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United States
17900 Posts
 Posted 01/07/2017  4:37 pm  Show Profile   Bookmark this reply Add moxking to your friends list
Just silly. I can't think of one good reason for this.
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 Posted 01/07/2017  4:47 pm  Show Profile   Bookmark this reply Add Hounddog Bill to your friends list
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.

Cheers, Bill
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955 Posts
 Posted 01/07/2017  8:13 pm  Show Profile   Bookmark this reply Add Canacoins to your friends list

Quote:

Sigh... Those were the good old days.


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.
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1051 Posts
 Posted 01/09/2017  12:03 pm  Show Profile   Bookmark this reply Add 1cent to your friends list
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.
Edited by 1cent
01/09/2017 12:04 pm
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 Posted 01/09/2017  12:28 pm  Show Profile   Bookmark this reply Add john100 to your friends list
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.
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 Posted 01/09/2017  12:47 pm  Show Profile   Bookmark this reply Add darryldarryl to your friends list
Lets not laugh or dismiss anything here. It wasn't so long ago that everyone was laughing at the idea of
a third party grading coins.

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 Posted 01/11/2017  10:55 am  Show Profile   Bookmark this reply Add wildflowerAB to your friends list
A demonstration of the authentication process.

2hsLeJc3ky0
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 Posted 01/11/2017  11:01 am  Show Profile   Bookmark this reply Add silverwolf to your friends list
my local gold and silver buyer has one of the machines, about 2 years now..it is only used for gold and silver maple leaf coins..
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 Posted 01/12/2017  3:33 pm  Show Profile   Bookmark this reply Add Hounddog Bill to your friends list
How long before they have an app and you'll be able to authenticate coins with your phone?

Cheers, Bill
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3471 Posts
 Posted 01/12/2017  3:38 pm  Show Profile   Bookmark this reply Add nfine to your friends list
It's only a matter of time before these "DNA" coins are cloned.
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 Posted 01/12/2017  5:26 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list

Quote:

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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