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 Replies: 23 / Views: 5,375 |
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Pillar of the Community
United States
2408 Posts |
Poll Question
With new technologies available it is possible to create uniquely identifiable coins - with individual serialized laser scribes. This could help prevent counterfeits.
Would this be something you would like to see eventually?
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CCF Master Historian of USA Commemoratives
 United States
12272 Posts |
I'd be OK with it as long as the serialization was done on the coin's edge. I wouldn't like to have to see it every time I looked at one of my coins. It would distract from the coin's design (IMO).
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Valued Member
Canada
480 Posts |
I don't believe it is economically viable. They'd have to increase prices by an amount I'm sure people would be unwilling to pay. But it is a neat idea.
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Bedrock of the Community
Australia
21786 Posts |
Almost all banknotes have a uniquely identifiable number.
That does not stop the production of counterfeit notes.
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Pillar of the Community
Canada
644 Posts |
I would love to see the technology be tested on a NCLT coin but if a lot of other people don't like it then I can't suppose it would last too long. Personally, I think it would be cool considering RCM is cutting down on paper in their COA's, who knows, maybe they will just get rid of paper COA's all together. |
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Pillar of the Community
Canada
6768 Posts |
I will agree with commems.
Serialization - it is nice feature, but on the edges only.
I have 2012 Armenia Noah Arch Proof 1oz coin, that has Serial Number on the edge and the COA, it is cool.
And as was said by people above - will reduce the amount of "cheap fakes", but will not prevent it.
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Valued Member
Canada
414 Posts |
Quote:
I will agree with commems.
Serialization - it is nice feature, but on the edges only.
 Quote:
I don't believe it is economically viable. They'd have to increase prices by an amount I'm sure people would be unwilling to pay. The mint can afford to laser etch every loonie and toonie that leaves the mint, the cost is a fraction of a penny, I think this is very viable. |
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Pillar of the Community
 United States
2408 Posts |
Quote:
Almost all banknotes have a uniquely identifiable number.That does not stop the production of counterfeit notes It does. At least, it helps identify the fraud and sometimes track down the bad guys. There was a good report on Radio Canada/Enquete where they used serial numbers to track dirty money. |
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Pillar of the Community
United States
2408 Posts |
Quote:
I don't believe it is economically viable. Laser etching is currently used in multiple applications, such as semiconductors and machining. When introduced in a production environment, it becomes seamless. Another option would be embedded RF tags. Remember, this would be for NCLTs and perhaps buyers would be willing to pay more? they would certainly feel a bit more secure if they purchased after market coins with COA matching numbers on the coin itself. Think of all the cool stuff the mint could come up with this stuff. What if YOU could order your coin with your own serial number? (that's what we do where I work we have all our parts serialized for quality assurance and tracking). |
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Pillar of the Community
Canada
3690 Posts |
Many bullion items, silver and gold bars in particular, have serial numbers and they don't add much if anything to the cost of the product.
I think anything practical to slow counterfeiters is worth doing though I agree, I would not want to see a number or marking on the obverse or reverse.
I also suspect that they could be added as very small markings on the edging. Edge lettering link the Eagles from last year or other coins from the past would be sufficient.
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Valued Member
Canada
480 Posts |
@canadian_coins I can see your point.
But I don't believe this will be the case. They would have to do each one with a different serial number each time as in the case of the loonie everyone is the same. And I'm almost 100% sure the mint will add on a substantial premium.
I do agree this would be a neat idea.
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Pillar of the Community
Canada
1502 Posts |
like on the backs of watches, would be a nice idea.
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Pillar of the Community
Canada
2366 Posts |
Just imagine the premium for the # 00,001 coin!
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Bedrock of the Community
Australia
21786 Posts |
Properly graded diamonds have tiny laser identification codes etched into the girdle. There have been examples of this being done done with copied ID codes etched onto lesser graded stones.
There is nothing new under the sun when it comes to dishonesty.
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Pillar of the Community
United States
2408 Posts |
Quote:
There is nothing new under the sun when it comes to dishonesty If you want to make a point that anything can be replicated to defraud people, sure. I didn't say it would completely eliminate counterfeiting either. My presumption is that it would make it harder. That alone makes it worthwhile. |
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Bedrock of the Community
Australia
21786 Posts |
My first numismatic love is ancient coins.
I have long since learned to be wary.
Having access to some sophisticated scientific analysis equipment has made me that way.
I have about the same level of skepticism when it comes to buying a used car: - healthy wariness, but NOT paranoid.
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Replies: 23 / Views: 5,375 |
Posted 01/22/2014 12:43 am
