| Author |
Replies: 17 / Views: 4,208 |
Page 2 of 2
|
|
|
|
Moderator
 United States
23522 Posts |
I don't see anything about the slab which really alarms me, and it seems a pretty odd issue/grade to counterfeit.
|
|
Pillar of the Community
Australia
7096 Posts |
|
|
Valued Member
 294 Posts |
yeah I know it is but it wasn't the coin, rather the slab. after all it did resemble a picture example of a fake I found on about.com
thanks trout1105, i'll be sure to use it from now on. now I know how I just missed out on a $150 category coin! the bidder sure got lucky winning it for $52, that was just below what I was about to bid for it... hopefully there'll be another time
|
|
Pillar of the Community
United States
5825 Posts |
One of the earlier diagnostics of Chinese fake PCGS slabs was that it wouldn't "nest" with real PCGS slabs. The caveat here is that the Chinese may have since corrected that flaw.
|
|
Valued Member
 294 Posts |
Doesn't this make you prefer to buy raw coins instead lol apart from verifying the serial number, are there any better and surefire ways to recognize immediately one of those high quality fakes that have been proven already? reading about people being fooled into wasting thousands sure isn't my cup of tea...
|
|
Valued Member
United States
365 Posts |
Is this a high-enough value piece to actually first counterfeit, and then produce a counterfeit slab for? Wouldn't that be more likely for something higher grade and rarer?
|
|
Valued Member
 294 Posts |
well it does score a respectable $160 at VF20 alone, according to ngccoin's price guide. Maybe it isn't the most up to date or perhaps that only reflects the price we can expect to pay a dealer for, I don't know. but at least for me that is a lot of money and a potential target for counterfeiters. I haven't been able to find any references online however, which point to fakes or restrikes of these coins but I thought I saw traces of them just recently.
I saw a potential fake 3 mark coin, not of particularly rare date or mintmark, at a local shop that had trays full of well-worn coins, among them a US dollar from 1798, and although I'm not sure what it should measure, I'm pretty convinced that no such rarities would show up amongst other obviously fake coins. Wouldn't know what's going on in the counterfeiting syndicates...
|
|
Bedrock of the Community
United States
20753 Posts |
I'm really getting worried about the many fake slabs appearing lately. At a coin show not long ago I was told by a dealer that he almost bought a slabbed coin but found out it was a fake. He returned it to the seller. He and other dealers have told me they see more and more faked slabs all the time now. And not just PCGS but many others too. Fake coins and now fake slabs.
|
|
Valued Member
 294 Posts |
Did the dealer say how he discovered it was a fake? surely those counterfeiters wouldn't be searching through records on PCGS or other websites and duplicating their serial numbers as well? if they really do that then that's definitely not good
|
|
Pillar of the Community
United States
1511 Posts |
They absolutely duplicate the serial numbers... It'd be pretty easy to figure out there fake if they didn't. I mean these counterfeiters arnt dumb, they make a living off of this. It's not some person making slabs in their basement, it's a huge factory operation. You bet they look up the numbers and copy them. Unfortunately..
|
|
Valued Member
 294 Posts |
ok.... now that is something to talk about, and a whole lot at that. I'm still pretty convinced it was a fake slab I was looking at, by reason of the little details especially the color of the hologram sticker. Raw coins from now on it is for me then!
|
|
Bedrock of the Community
13014 Posts |
The hologram looks fine to me, looks just like the ones I have that I know are real. Nothings really jumping out on that.
Raw coins arent going to solve the fake coin problem, it will exacerbate it if anything. There are fake slabs out there but theres far more fake coins than fake slabs.
|
|
Valued Member
 294 Posts |
Strange, I guess the source I read was wrong about it then, or I might have misread it in the mad rush. Yeah I guess so, I suppose I was looking at the situation in terms of cost. I believe slabbed coins convince people to pay more or closer to catalogue value?
Are there any sources that list all coins that have been counterfeited before by the way? I've found a few but not very concise ones
|
|
Moderator
 Australia
16862 Posts |
The problem with making such a list is that five seconds after you make it, it is obsolete because the counterfeiters have decided on another target coin to copy.
Basically, any coin can be counterfeited, and virtually every coin has been counterfeited at some stage.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Bedrock of the Community
United States
17884 Posts |
The OP slab looks good to me. I don't see any of the diagnostics of the first, second, or third generation chinese fake slabs. Dealers are getting taken by the fake slabs. There is someone working the dealers and small shows in the Indianapolis - Anderson-Muncie area. He has already stuck two dealers with over $4K in fake slabs each. Probably the most common way for the counterfeiters to get valid TPG serial numbers are the Archives of the major auction houses. Go to the archives and search for the denomination, date/mint of your fake and you while have a list of every PCGS and NGC slabbed one that they have sold. now all you have to do is harvest the serial numbers off of each of them. that is how we prove a lot of the fakes. Go o the archives and search for the serial number of the questionable slab. Quite often it will pop up and you can look at the picture and see it is not the same coin.
|
|
Page 2 of 2
|
Replies: 17 / Views: 4,208 |
Page 2 of 2
|