| Author |
 Replies: 37 / Views: 8,198 |
|
Valued Member
Australia
87 Posts |
i just bought a 1923 half penny PCGS I hope its real.
I'm hearing stories that NGC and PCGS have made mistakes
they actually said it was real and slabbed the coin
i wonder how much coins they slabbed that were 1923 fake
NGC made a big, mistake in a auction house a couple of years ago.
this is a disgrace,if they can tell that they are fake
they should not be grading Australian coins
|
|
|
|
Pillar of the Community
United States
1003 Posts |
|
|
Valued Member
Australia
191 Posts |
I'm not 100% sure but I believe if PCGS grade a coin which is fake as genuine then they will buy the coin back off you at market price.
|
|
Pillar of the Community
Australia
1040 Posts |
Stating the obvious but anyone who's been around coins for any length of time know that any 1923 half is a fake until proved genuine,there are just so many forgeries out there and some are nearly impossible to pick.Apparently the latest batch of Asian 1923 halves are starting to appear so be very wary of ebay coins. |
|
Pillar of the Community
Australia
1607 Posts |
I'd like to see photo's before I make any comment, other than research - research - research when your buying a coin that is known to be a target of the Chinese.
|
|
Valued Member
 Australia
87 Posts |
|
|
Pillar of the Community
Australia
762 Posts |
Quote:
i wonder how much coins they slabbed that were 1923 fake
ngc made a big, mistake in a auction house a couple of years ago.
this is a disgrace,if they can tell that they are fake
they should not be grading australian coins There was a fake 1923 halfpenny slabbed by NGC at an auction just a month or so ago. It was a really bad fake too so who knows how that got through. I guess it does show that a slab is no guarantee. My advice is to do your own homework before buying such a coin. Don't just blindly trust the slab. |
|
Valued Member
Australia
318 Posts |
Hate to open another can of worm, but it's also been known that not only coins are faked, slabs are faked too. So just because it carries a NGC/PCGS label, doesn't mean it is, in the same way you see on the TV shows those fake Louis Voutton bags, then the big black lady goes, 'you calling my bag a fake'. Yes, I enjoy bad TV.
|
|
New Member
Australia
31 Posts |
I looked at your coin, demerest. If it's a fake, it's an extremely good one. Looks to have the obverse die cracks and no obvious faults. Nice pick up I'd say.
|
|
Pillar of the Community
Australia
4411 Posts |
It looks genuine to me as well. Glad you finally found one mate.
|
|
Valued Member
Australia
87 Posts |
|
|
Bedrock of the Community
Australia
21786 Posts |
If you have any doubts about it, and live in Sydney, take it to Jim Noble (Noble Numismatics) in Macquarie Street, or Dave Allan (I.S. Wright), in Castelreagh Street. I have been good friends with both of these guys for over 30 years.
THOSE guys would know.
Jim Noble has just been a member of the Australian Numismatic Society for more than 50 years, and has been past President on a number of occasions.
They have both been lot descriptors and authenticators at major auctions for all of their professional numismatic lives.
|
|
Pillar of the Community
Australia
1607 Posts |
No doubt in my mind,it is genuine.
|
|
Pillar of the Community
Australia
852 Posts |
Just a warning about the buy back guarentees offered by the slabbers. The "market price" that I have seen on a slabbers website (NGC if I recall correctly) for a number of non USA coins has not been updated this century. They currently have the same valuations that are in my 12 year old copy of Krause World Coins. So if they use their outdated valuation to compensate you for a wrongly slabbed coin you might get only 20-30% back on what you paid for a slabbed coin.
|
|
Bedrock of the Community
Australia
21786 Posts |
As everybody knows, fake coins in fake slabs are not unheard of. In any case, get a buy back guarantee only from a known professional seller at this price level. Normally, coins at this price level appear at public auction, where there is a written guarantee, at least for a limited period. If I wanted to sell a genuine coin like this one, I wouldn't have it up on ebay. I would have it consigned to a public auction. No one would know me, so they wouldn't be able trust my guarantee. Much better to have fun selling coins on ebay in a lower price bracket. Edited by sel_69l
04/03/2013 12:50 am
|
|
New Member
Australia
8 Posts |
|
| |
Replies: 37 / Views: 8,198 |
Posted 03/30/2013 5:59 pm
