Omg ! ! More Pictures Of The Chinese Counterfeiting Ring!

Mark, it comes up for me. I tried it beforeing posting it.

mila_

Try this one.

http://tinyurl.com/ys9rbj

mila_

Yup, I was a victim of their fake 1909-S IHC. Pretty high quality fake, even fooled some dealers. You have to look at it under a loupe to see the difference.

quote:

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Of course, this counterfeiting ring will process them so that each one appears to have a different amount of wear, toning, contact marks, and other minor imperfections so that they don't all look too much alike. Some of these fake Morgan dollars will also find their way into counterfeit PCGS and NGC slabs

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We need the numismatic equivalent of Jack Bauer to go in and take out operations like these.

This is precisely why I seriously curtailed my collecting starting in 1985 for a period of about ten years.
At the time there was increasingly a high percentage of coins that were over graded and worse, coins that had been altered to deal with. While I consider myself a decent grader, I am no expert. I was increasingly suspicious of the many coins I saw in different dealer cases specifically Morgan dollars. Way too many over dipped, over graded and the more than occasional whizzed coins were becoming the norm.
Luckily, it was the advent of PCGS and NGC (the early third party grading companies) that stemmed a good part of this problem. I watched very closely at how these two companies graded their coins. Soon it was ANACS and ICG that also established themselves as the top tier grading companies.

But now, there is a new threat. Fake coins and fake slabs that are easily taken as genuine seriously threaten our hobby. This is not confined to just those who collect relatively expensive coins.
It calls into question the very authenticity of those coins that were authenticated by these third party graders. Frankly, the prospect of this is frightening in its long term consequences if this problem isn't dealt with quickly and decisively.

lets give them the chinese water torture

Yeah......it's hard to even fathom just how bad this could get, and if as I said in the other thread ....it's like the coming of the "Black Plague" for our hobby.......then........well.....it just hurts !!.....don't know how to feel but just bad!...
It's powerfully painful to just think about it and look at those pictures.....
We need a "Marshall Bill Tillman" type with international authority to go around and bust em' !!........cause I agree.....not much will be done about it sadly.