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 Replies: 37 / Views: 10,225 |
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Pillar of the Community
861 Posts |
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Valued Member
United States
172 Posts |
Holy cow. Good catch.
If fakes are getting this good and can be turned out in quantity, then TPGs are in serious, serious trouble.
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Pillar of the Community
 United States
1949 Posts |
Wow, I just took a look at the other photos this seller has of Morgans... If these are all counterfeit, these are some terrifying examples... The 1879 with the light toning is the scariest...
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Pillar of the Community
 861 Posts |
I looked-up some of his other pictured PCGS holdered Morgans.....they are legit.
All these fakes can be easily stopped if PCGS would just do the same as NGC and take pictures of the coins after they certify them. Apparently, PCGS is a penny pinching grading company looking to cut costs for the short-term instead of looking to the future.
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Forum Dad
 United States
24148 Posts |
Quote:
I looked-up some of his other pictured PCGS holdered Morgans.....they are legit. Where did you look them up? He just swiped the images I'm sure. |
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Pillar of the Community
United States
1804 Posts |
g048406. I have never been a full fan of slabs, or the high cost of slabbing, nor the exponential pricing of the higher MS grades. Like a MS64 might be worth $100 and a MS65 is worth $1,500. Wealth "diminish-creation" -- "theory-convention-tradition" be darned. And all the while, the TPGers, are the (mostly and only) true money winners. You will see many slabbed coins on ebay, selling for half the cost of the slab. IMHO if the cost of a TPGer was in the $10 range, slabbing would increase 10 fold. Now that counterfeiting of COINS & SLABS is all so well done, I sincerely think TPGers, days are in question, as least at the currant cost rate of slabbing. The really sad part is the fake China coins are fairly good. Now all they had to do was counterfeit the SLAB. That servers two purposes. The SLAB raises the value of the coin inside. And it HIDES the coin inside, making it harder to SEE IT, or weigh it, etc., etc. TPGers --- too bad, so sad, your dad, Mr. china forger. |
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Pillar of the Community
United States
1804 Posts |
bobby131313 Quote:
Where did you look them up? He just swiped the images I'm sure. Agreed. A counterfeiter will-can steal everything to get the big bucks. |
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Moderator
United States
23522 Posts |
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Pillar of the Community
861 Posts |
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Pillar of the Community
Puerto Rico
778 Posts |
That's scary.  g048406 Thanks for the alert.  |
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Pillar of the Community
United States
1748 Posts |
This is not good news for the high end coin market.
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Moderator
United States
23522 Posts |
Nothing we haven't seen - even in this quality - before. That's what we're here for (among other things), to catch and act on this stuff. Which is why I message the seller every time with these: it prevents them from claiming ignorance, and the law requires deliberacy.
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Pillar of the Community
United States
2543 Posts |
I really don't mean to be unsympathetic to the plight of the sucker, but anyone who thinks that they are getting a $40,000 coin for $150 dollars, genuinely deserves to lose that $150. If somebody walks into the MB dealer and the dealer says here is CLS for $85,000. Or I have this one over here, which is the exact same car for $15,000. Does anyone really just hand over the $15,000 and drive away with the car without asking "what's wrong with it ? Why is it so much less?" Really, is it just coin people ?  |
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Moderator
United States
23522 Posts |
It's just that people sometimes "discover" coins too long before they discover coin knowledge. Looking at it from the outside, the amount and varying degrees of fraud present in what's supposed to be a "respectable" hobby is rather astounding.
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Pillar of the Community
United States
2815 Posts |
I agree that PCGS should photograph every coin they certify. That just makes sense to me. Another reason why I prefer coins in NGC holders.
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Pillar of the Community
United States
2815 Posts |
I've been studying the counterfeit coin, and boy, it looks really good. Scary, indeed. Aren't these available on alibaba? Gonna check.
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Replies: 37 / Views: 10,225 |
Posted 12/28/2014 12:55 pm
