Counterfeits In NGC, PCGS, ANACS, And ICG Holders - Page 3

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Author	Replies: 38 / Views: 8,203	Page: of 3

edweather Pillar of the Community United States 7375 Posts	Posted 02/06/2016 3:33 pm happycoins2010 just went into my followed sellers list as well as my blocked bidders. Report this Post to the Staff
mamastinky Valued Member United States 441 Posts	Posted 02/06/2016 7:27 pm This is an issue that I will guarantee you a majority of dealers won't be aware of. However, once aware of the problem, an experienced shop owner should be able to tell a counterfeit coin in a genuine slab when in hand, surely? Report this Post to the Staff
stampvirgin Pillar of the Community United States 1247 Posts	Posted 02/07/2016 12:44 pm Quote: Quote: Being an expert when it comes to counterfeit coins, these all look perfectly fine to me. I ask this as well, how many 17 year old coin experts do you know? Report this Post to the Staff
EFLargeCents Pillar of the Community United States 1304 Posts	Posted 02/08/2016 11:48 am Quote: In my new book coming out in November 2016 I have a chapter on Chinese Counterfeit Modern Coins and their die transfer methods and detection. I have analyzed over 100 Chinese coins from the die transfer process and examined their alloys. They are typically Fe/Ni, German Silver (Cu/Zn/Ni) and debased silver alloys. HOWEVER - once they are in a PCGS/NGC/ANACS holder - GAME OVER - as hand held and XRF bench top devices can't extrapolate out the plastic interference's of the coin being in the holder. I'd argue it's game over before it is even slabbed. It is quite possible the copper coins in particular are being struck over worn down original and genuine large cents / Half Cents. If you can't identify it being fake from the strike characteristics, it isn't going to matter if you have XRF or any other technology. Report this Post to the Staff
stampvirgin Pillar of the Community United States 1247 Posts	Posted 02/08/2016 12:49 pm Hey, let me state... I am not trying to bash Drew, I think he is a super nice kid, and is really learning to tell the good from the bad and I am sure he is a brilliant kid as well. (I say 'kid' because I have two kids older then him). I also think he will make an excellent grader and become a real pro as time passes. So, Drew, if you read this. Please keep submitting your posts and ideas on the legitimacy of coins. However, I would caution on calling yourself an 'expert' just yet. An 'expert' is someone who knows everything about a subject. I have never met anyone who really knew 'everything' about a subject. Report this Post to the Staff
NH collector Valued Member United States 127 Posts	Posted 02/21/2016 5:41 pm I reported this on Facebook earlier this month. A friend of mine (and coin dealer) bought a nice 1879 CC dollar in a PCGS slab, grade MS-64 with a CAC sticker, at a local CA coin show. Upon further examination when he returned home, the coin should have graded 61 at most. Further examination revealed a fake CAC designation on a fake holder. The holder had no PCGS logo on the lower right. He returned the coin for a full refund. He didn't crack the holder, so the coin could have been counterfeited also. Anybody else know of this problem ? Report this Post to the Staff
Slider23 Pillar of the Community United States 4469 Posts	Posted 02/21/2016 5:56 pm Fake holders and fake coins are on the market, this is the first that I have heard about with a fake CAC sticker. Report this Post to the Staff
BluegrassRiver Valued Member United States 324 Posts	Posted 02/21/2016 9:04 pm My theory is the big graders NGC, PCGS can't keep up with the demand and short grading times. So, they hire more and inexperienced people or provide short training times or people may have never been collectors to begin with. Mistakes are easy to make when you have hard demands to turn around fast on the grading. I remember a senior grader and executive at ICG 15 years ago telling me this could happen when the demand is in overload status. Report this Post to the Staff
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