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TPG's Grading Fake Coins

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Valued Member
United States
459 Posts
 Posted 07/21/2007  1:19 pm  Show Profile   Bookmark this reply Add Benji to your friends list
Recently, in an EAC Region 8 email it was pointed out that an 1804 Large Cent with an altered date in a PCGS slab was sold on ebay and went for $3,000+.
The 1 in 1801 was altered to a 4, which is a quite common occurrence for this date/series



Photos have been pulled but here is the auction:
http://cgi.ebay.com/1804-Large-Cent...12_W0QQitemZ170092088293QQcategoryZ11947QQssPageNameZWDVWQQrdZ1QQcmdZViewItem?hash=item170092088293

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United States
5877 Posts
 Posted 07/21/2007  1:45 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list
I read about that, too. Unfortunately, PCGS would not discuss the coin with EAC members because they didn't have the coin in-hand. The possibility that it is an unknown die marriage was discussed, but it is more likely that it is fake. Since I don't think the coin went to an EAC member, I don't know if we will ever clear up this mystery.
New Member
United States
16 Posts
 Posted 07/22/2007  10:14 am  Show Profile   Bookmark this reply Add Stone to your friends list
These services have great o*deleted*erfeit detectors. I'm sure a couple have slipped through over the years, but only a couple. Now, what do we do with authentic coins in fake slabs?
Valued Member
United States
157 Posts
 Posted 07/23/2007  11:17 am  Show Profile   Bookmark this reply Add ziggy29 to your friends list
quote:
I have a contemporary counterfeit 3CS that I asked J.P. Morgan (of ICG) if they'd slab it for me and he said no.

J,P. Martin. J.P. Morgan was the financier who injected capital during the Panic of 1893 to avoid utter meltdown. Or the woman who was a regular on the Gong Show.
Pillar of the Community
United States
3234 Posts
 Posted 07/23/2007  11:26 am  Show Profile   Bookmark this reply Add Prethen to your friends list
ACK! I can't believe I did that stupid mistake! What the heck was I thinking...of course "J.P. Martin".
Bedrock of the Community
United States
17884 Posts
 Posted 07/30/2007  4:31 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
The altered date 1804 was an 1803 S-260 not an 1801. Here are the photos from the auction. Easiest way to spot that it is a fake is to look at the position of the berry to the right of the E in ONE, and the position of the gap between the ends of the wreath to the ES is STATES.
TPG's-Grading-Fake-Coins TPG's-Grading-Fake-Coins

And genuine from Coinfacts
TPG's-Grading-Fake-Coins TPG's-Grading-Fake-Coins

PCGS has since said that they contacted the buyer and they did make arrangements to buy back the coin, and have taken it off the market.
Edited by Conder101
07/30/2007 4:34 pm
Valued Member
United States
459 Posts
 Posted 07/30/2007  6:55 pm  Show Profile   Bookmark this reply Add Benji to your friends list
Thanks for the correction and update condor.
Valued Member
United States
287 Posts
 Posted 07/30/2007  7:12 pm  Show Profile   Bookmark this reply Add Rigoletto to your friends list
Great info Condor! That's why I love browsing through these topics. Thanks! :)
Pillar of the Community
United States
597 Posts
 Posted 07/30/2007  7:18 pm  Show Profile   Bookmark this reply Add Scottishmoney to your friends list
A couple of the TPG's graded and slabbed the famous Micro-O counterfeits, dated 1890, 1900 etc. They offered refunds if you returned the coin, and a few took them up on the offer. However, most collectors because of the provenance of the coins, their being famous counterfeits possibly created in the early 1930's because of the low price of silver, then about 25¢ an oz. took advantage of the situation and made Morgan dollars with several different dates that were only linked to each other by an mark in the reverse die that was the same on all the dates.

I myself would like to find one of these.
Bedrock of the Community
United States
17884 Posts
 Posted 07/31/2007  09:08 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
The micro O dollars were probably made arond the turn of the 20th century and surprisingly were actually recognized as counterfeits at the time. Back when PCGS was coming to their decision that they were fake, a turn of the century newspaper article was turned up that discussed recently appearing counterfeit dollars that had a "lowercase O for the mintmark".

One thing that most everyone seems to forget with the slabbed Micro O dollars. The obverse dies for these coins were most likely not just paired with the Micro O reverse, and in at least one case we know this is true. The question is, how many counterfeits using those obverses paired with something other than the Micro O rev are out there in slabs?

Another thing, the grading services gave out numbers of how many of the fake Micro O's they had slabbed, but they only started identifying that variety in 1998. Any slabbed before that time would have just been listed as regular O mint coins and they would have no way to track how many of them they really slabbed. Some of them may still be out there unrecognized in older slabs. (The number is probably small though since the Micro O dollars were considered to be rare VAMs and many of them were probably resubmitted once the services began recognizing the variety on the label.
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344 Posts
 Posted 07/31/2007  09:23 am  Show Profile   Bookmark this reply Add mishap-coins to your friends list
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 Posted 08/02/2007  7:23 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Here is a thought. How would anyone know if a fake coin was in a fake slab? I think I've heard that China is now making fake, counterfeit slabs for their counterfeit coins. So if you get a PCGS slab, how would you know it is not a fake slab and coin? Of course things like PCGS would probably be written wrong or mispelled.
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 Posted 08/02/2007  10:09 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list
I haven't seen a fake PCGS slab yet, but if you search for Trade dollars on ebay you can find them in fake ANACS slabs. It's obvious that they're fake, because a lot of counterfit stuff from China is nowhere close to looking like the real thing. But, how would this prevent someone from the US doing this, making them look right?
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20753 Posts
 Posted 08/03/2007  12:13 pm  Show Profile   Bookmark this reply Add just carl to your friends list
I haven't seen a fake PCGS slab yet, but if you search for Trade dollars on ebay you can find them in fake ANACS slabs. It's obvious that they're fake, because a lot of counterfit stuff from China is nowhere close to looking like the real thing. But, how would this prevent someone from the US doing this, making them look right?


You couldn't prevent that anymore than preventing counterfeiting our currency. Crooks have counterfeited just about everything possible here anyway. At least our crooks have higher standards than in China. Making an item one at a time is not the American criminal way. From China I've seen just about anything imaginable. Usually speeled a little different. Such as Dinocell, Duroncell, etc for batteries. My latest favorite was at a flea market where a guy was selling ORIGINAL BLACK FOREST HUNTING KNIVES. Famous German knives for those that don't know. On the blade was clearly engraved MADE IN CHINA.
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17884 Posts
 Posted 08/04/2007  1:12 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
The only fake PCGS slabs that I know of were made back in 1989 by a California dealer. Those were copies of the first generation rattler holder.
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