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Replies: 36 / Views: 7,184 |
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Pillar of the Community
 Australia
852 Posts |
I just saw Coinaus post that it is likely that PCGS owns their own plant in China. NO THEY DON'T. A SEC filing is a legal document with severe penalties for the executives who sign off on a false or misleading filing. Read the darn SEC filing and you will find that PCGS uses 2 outside manufacturers to make their slabs. The SEC filing also lists the various properties of the company, including leased property. No mention of a Chinese manufacturing plant. The only non US property is listed as small offices in Paris, HK and Shanghai. BTW, why were you getting quotes for the tools to make slabs? Do you have an interest in a TPG like APCGS?
Edited by nealeffendi 07/24/2014 05:41 am
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Bedrock of the Community
United States
17884 Posts |
Quote: You are correct that PCGS does not manufacture anything, but by owning the dies/moulds then they also probably own the programming used to make said dies/moulds. Without access to that information (which the staff at the manufacturer wouldn't have)the best a counterfeiter can do is make a second generation copy (if they can get access to the manufacturers plant). That is no better than a photocopy of the original (although it would still be better than copying off a slab as quality wise that is like a photocopy of a photocopy). Have you seen the differnt generations of the fake slabs? The first ones were easy to spot, even easier to identify if you had them in hand. But they have been getting better and better. The slabs shells themselves are now VERY good. And you might be surprised what the injection molding plants would know about how the molds are manufactured. Most if not all of them have their own mold shops and they have a great deal of experience in the making of these molds. I would be very surprised if their their mold makers could not duplicate the PCGS molds. Maybe not on a first attempt but after a couple of tiem they would get it right (which just so happens to be what has happened with the fake shells.) Quote: The making of each coin size will set you back a hefty $7K. 30 coin sizes = $210K. That's just crazy Sounds about right. Prices have come down, used to be around $10K per mold. This is why the fly by night grading services didn't proliferate until Coin World began marketing their own shells and then when generic shells became available. The basement slabbers couldn't afford to have their own shells made.
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Pillar of the Community
 Australia
852 Posts |
Condor, a few years ago I worked on the production lines in 7 different plastics factories (all were through an agency, my job was as a temp to cover for no shows,holiday leave etc) so I got to deal with producing about a hundred different products in a range of plastics. Not one of those factories made their own moulds, it takes an engineering workshop that specializes in making moulds to make them. These were all reasonable sized plants running 3 shifts and having skilled tradies to service the machines. I'm sure the counterfeiters can make a reasonable facsimile of the genuine product, but getting the laminar structure right is not easy and those fakes will perform differently if a lab tests them. I realise that doesn't help the slabbed coin buyer as they have neither the testing facility nor the will to run destructive tests on suspicious slabs. IIRC it is the improving quality of the fake slabs that has pushed PCGS to increase the security via the label/hologram.
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Pillar of the Community
Canada
3692 Posts |
Slabs is soilent green, that's why they don't tell you.
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Pillar of the Community
 United States
4596 Posts |
Part of the problem is with six axis CNC machines it is now a lot easier to make molds. I've seen some interesting videos from KickStarter projects as they walk you through the process of making their housing.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Pillar of the Community
 Australia
852 Posts |
I'll try and have a look at the Kickstarter videos. Might get a better understanding of what is now possible with counterfeit moulds.
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Valued Member
United States
374 Posts |
With the new hologram labels, PCGS may have ceded that they cannot even tell the difference between their own and counterfeit slabs anymore.
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Pillar of the Community
United States
9796 Posts |
Can't tell you who makes them but I can give you patent info on the holder itself, patented by Keith Love, founder of ICG and ex CEO (retired now) and has since sold the business to go into injection mold projects. http://patents.justia.com/patent/6029807Here is a patent that is for a device to allow various non compatible holders to mate together for stacking, in it, it lists many of the other slab patents. http://www.google.com/patents/US20120189384From the above list I'm sure you can dig deeper, then use cross reference information to figure out at the least how is capable of making them in the USA, the volume must be at least 100K units per month and probably a lot more.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440
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Pillar of the Community
 United States
4596 Posts |
Sorry, not even close. The ICG patent's only unique feature is their little bow in which is a "stress contour". See claims 1, 10 and 18 and note that the "stress contour" is part of every single claim.
You have to chase back through the 20 cited patents and the 15 others those cite to get the full picture.
Burdick's 1964 patent (looks a lot like a cointain) cites Buranelli's 1941 patent which claims
"This invention relates to display holders for coins and medals, and my improvement is directed to a board composed of suitable material that is provided with holes adapted to containingly receive coins or medals for the exposure of both their obverse and reverse faces."
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Pillar of the Community
United States
9796 Posts |
You are correct BStrauss3, I did not mean to imply he owned the patent to all certified holders, but re-reading my post makes it sound like that was the intention. I meant he came up with a patent on the holders that most of the other TPGs now use for security reasons. The other TPGs probably pay him a small usury fee or royalty. Before he started ICG he worked at PCGS in the early days, back when they used the small thin holders. I still haven't read through all 20 cited patents yet, and may never do so, because I am not all that interested personally.
Sorry for any confusion on my part in the previous post. I didn't mean to imply that he was the inventor of the certified holder at all.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440
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Rest in Peace
United States
10625 Posts |
Quote: The making of each coin size will set you back a hefty $7K. 30 coin sizes = $210K. That number would be based on stand alone tooling. A more economical route would be to insert the mould cavities with inter-changeable inserts to produce the various sizes required.
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Valued Member
United States
121 Posts |
I am speaking as an american law-talking guy: you go one of two mutually exclusive ways for IP protection: Patents (which are a quid pro quo - the govt gives you a monopoly in exchange for your disclosing to the public the advance in science to which you contributed). The con to that is that the monopoly is the term. 20 years from filing (picking the easiest example).
Consider a trade secret, as long as it meets certain criteria (one of which is to keep them secret and their use is to maintain a competitive advantage), as long as those conditions are maintained, the trade secret is valid and I wouldn't want to be the defendant accused of divulging them. Think Coca Cola recipe. There is no patent on it; it is a trade secret.
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Pillar of the Community
Australia
1006 Posts |
I believe the trade secrets in America are covered by Federal law making it a crime to divulge them so on top of that the company could probably sue them to for damages.
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Pillar of the Community
 Australia
852 Posts |
It is only possible to sue someone (or prosecute) for divulging a trade secret if you have either signed a confidentiality agreement or have engaged in an illegal act to access the information. I think we have all read about people throwing out documents that should of been shredded and that information ends up in the public domain, or people sending confidential emails to their entire contact list. Also "Federal law" only extends so far, you cannot prosecute the counterfeiters in China as they are not in US jurisdiction and trade laws are different outside the US.
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Pillar of the Community
Australia
1006 Posts |
The laws are different here than America here trade secrets are civil while over there it is both criminal and civil. They have separate offences for domestic and international copyright secrets. Yeah we all know those circumstances where people have seen things they shouldn't of. On federal law they can prosecute people for committing crimes in another jurisdiction in a different one usually extradition or when they come back is when it is charged tho. Australia has a few of these laws and America has charged people for committing crimes outside their jurisdiction as well eg Edward Snowden.
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Replies: 36 / Views: 7,184 |
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