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Fake Coins And Grading Companies

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United States
462 Posts
 Posted 04/04/2018  5:34 pm Show Profile   Bookmark this topic Add KisNap to your friends list Get a Link to this Message Number of Subscribers
*** Moved by Staff to a more appropriate forum. ***

Do grading companies give you back your coin if they deem it to be fake? I have a coin I'd like to submit, but I don't want them to keep it should they find it to be counterfeit. It's an 1882 half dollar which is a key date coin and I've shown it on the forum and gotten mixed results. So will they not send it back if they believe it's fake?
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BigSilver's Avatar
United States
2843 Posts
 Posted 04/04/2018  5:38 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
They will send it back in a body bag.
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basebal21's Avatar
13014 Posts
 Posted 04/04/2018  6:20 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
You'll get it back
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RoyCoinBoy's Avatar
United States
1609 Posts
 Posted 04/04/2018  7:22 pm  Show Profile   Bookmark this reply Add RoyCoinBoy to your friends list Get a Link to this Reply

Quote:
They will send it back in a body bag.

Hey, if they send it in a body bag, you can reuse it for the people who damage coins & decieve people with fake errors.
Edited by RoyCoinBoy
04/04/2018 7:23 pm
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Australia
852 Posts
 Posted 05/11/2018  9:52 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
There is no guarantee that they will send it back.Worse yet they may grade it as a genuine coin and then change their opinion. PCGS Collectors Club Agreement section 3h states including but not limited to retaining such coins for an indefinite period of time
Currently I have 2 PCGS slabs that contain counterfeit shillings. I told them that they were counterfeit so PCGS has demanded that I send them back. They are trying to force me to send them by removing the certification of a number of other (genuine) coins that I own.
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basebal21's Avatar
13014 Posts
 Posted 05/11/2018  10:27 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
There is no guarantee that they will send it back.


They send the coins back. They just aren't holdered.


Quote:
I told them that they were counterfeit so PCGS has demanded that I send them back.


Of course they are. They don't just believe emails they want to see for themselves. If true then they would remove them from the holder and send you the raw coins back.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 05/11/2018  10:32 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Your coin fake or not, is not theirs; they must send it back.

I can't see anything wrong with a TPGrader sending it back slabbed, ungraded, with a single unexplained comment:
"FAKE".
Some fake determinations can involve considerable work. If this may be the case for them, they may sent it back:
"Considered probable fake, ungraded".
They have a right to charge a standard fee and be paid for this service, and get on with their business.

Third Party Graders are just that. They may have entirely different fee scales for fake determinations.
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basebal21's Avatar
13014 Posts
 Posted 05/11/2018  10:45 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
They may have entirely different fee scales for fake determinations.


They don't. Its the same fee and same grading process as real ones they just come back in a plastic flip instead of a graded slab.

The designations they would potentially use depending what it is are on their websites.
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Australia
852 Posts
 Posted 05/12/2018  12:40 am  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
basebal21, they have already changed their description to counterfeit and that they are fake is not in question as others with the same dies have also had their certifications removed. As for everybody claiming that they will send the fakes back that is but an option for them and not a certainty.
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basebal21's Avatar
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 Posted 05/12/2018  01:03 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
basebal21, they have already changed their description to counterfeit and that they are fake is not in question as others with the same dies have also had their certifications removed.


Provide cert numbers please.


Quote:
s for everybody claiming that they will send the fakes back that is but an option for them and not a certainty.


Please stop spreading misinformation when you clearly know nothing about the subject.



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Conder101's Avatar
United States
17884 Posts
 Posted 05/12/2018  09:03 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I have never heard of a case where they didn't send the submitted coin back even when it was determined to be a fake. If they didn't they would be opening themselves up to the possibility of being charged with just tell the submitter it was a fake so they could steal their genuine coin. They don't need the headache, so they just send them back.
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 05/12/2018  09:16 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
with Conder101 and Baseball - I've never heard of a case where PCGS/NGC/ANACS/ICG has not sent a coin back to the submitter.
Edited by SilverDollar2017
05/12/2018 09:16 am
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Australia
852 Posts
 Posted 05/12/2018  1:33 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
basebal21 the cert numbers are 35021219 to 35021226 inclusive where 35021221 and 35021222 are designated counterfeit. The other 6 numbers are all for genuine coins but don't appear if you do a cert lookup. However they still appear when you do an order lookup (submission number 171597 and order number 21393693).
You guys need to read that fine print that I quoted; section 3h allows them to keep fakes permanently if they want to (and legally they can though probably 99.9% of times they will return the fake).
Oh and section 5 authorizes them to sell the slabbed fake. That was specified in the in the email that David Talk sent me.
So which of you guys have actually had to deal with slabbed fakes or are you basing your opinions on what?
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Crazyb0's Avatar
10197 Posts
 Posted 05/12/2018  1:43 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
@nealeffendi
Sounds like you have that .1%, That's ruff, but my hats off to you for providing the info. There may be a lot more involved in this specific than you, how many other of this coin variety has this TPG had to "de-certify" would be the next logical question. Hope you the best, but sounds like that fine print has got you over a barrel.
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Australia
852 Posts
 Posted 05/12/2018  2:37 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
Hi Crazyb0. There are at least 20 of these fakes that have been recently identified. Not all have been decertified as yet as their existence only came to light just over 2 months ago and involves a number of years that have been slabbed by PCGS (1911, 1914, 1916, 1917 and 1925 in the shillings plus possibly other years and denominations). The fine print doesn't have me over a barrel as judgments in Californian courts would be of little use against someone in Australia and I have the 2 items securely locked away in my black box collection.
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basebal21's Avatar
13014 Posts
 Posted 05/12/2018  4:31 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
You guys need to read that fine print that I quoted; section 3h allows them to keep fakes permanently if they want to (and legally they can though probably 99.9% of times they will return the fake).


There is no 3H. There's 1-14 on the collector submissions forums for the terms and conditions and none have subsections.


Quote:
Oh and section 5 authorizes them to sell the slabbed fake.


Section 5 is about label errors.


Quote:
So which of you guys have actually had to deal with slabbed fakes or are you basing your opinions on what?


We're basing our opinions on actual facts. The original submitter gets the coins they submitted back.

Warranty claims are a different story, but if someone sent a fake in with a a raw submission it gets returned. Now if they figure out you're the maker and plan to sue you they may keep it as evidence for the trial, but under normal circumstances they're giving them back
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