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Just A Little Paranoid... (Slabbed Gold)

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bonthomme's Avatar
United States
4 Posts
 Posted 11/16/2018  12:50 am Show Profile   Bookmark this topic Add bonthomme to your friends list Get a Link to this Message Number of Subscribers
Hello Everyone,

I've been an on-and-off collector for years, and I've only just started learning about counterfeit holders. I recently purchased two slabbed gold coins from a reputable online coin auction firm, and although they seem fine (they even stack), I'd like a second opinion from those more schooled than I. So, here they are, and any feedback on them or what I should be looking for is greatly appreciated.

Cheers,
Bon

Just-A-Little-Paranoid...-Slabbed-Gold
Just-A-Little-Paranoid...-Slabbed-Gold
Just-A-Little-Paranoid...-Slabbed-Gold
Just-A-Little-Paranoid...-Slabbed-Gold

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Fuzzy317's Avatar
United States
14463 Posts
 Posted 11/16/2018  12:55 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply


I moved your post to the appropriate section for the proper attention.


Wait for other opinions, but the coins and slabs look okay to me.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 11/16/2018  01:22 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The fakes of modern proof gold coins can be very deceiving for many collectors who may be unfamiliar with a particular type.

One of the problems with slabs is that a suspicious coin inside cannot be weight checked or have an XRF analysis done, without breaking the slab.

Best to buy modern proofs in original packaging, and kept that way.
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Alpha2814's Avatar
United States
2023 Posts
 Posted 11/16/2018  01:51 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
Both look okay to me, and Great Collections is a respectable seller though there's no guarantee that they weren't also fooled. It would have to be a good fake to get past them IMO -- there are far worse fakes out there.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 11/16/2018  07:24 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I agree that maybe you should stick to OGP issues bought directly from the Mint. ANYTHING is possible with fakes but buying from a reputable dealer and buying a coin graded by a reputable company definitely decreases the chance of it being fake (coin or slab or both). Not much else to do...

..and the cert checks out (yup, that can be faked also..I know)


Quote:
CERT VERIFICATION #25004423
According to the PCGS Certification Database, the requested certification number is defined as the following:

PCGS Coin Information
PCGS # 506602
Date, mintmark 2009
Denomination $20
Variety Ultra High Relief Double Eagle
Country The United States of America
Grade MS70PL
Holder Type Standard
Population 1,191
Pop Higher 0
PCGS Price GuideSM Value: $3,500
Edited by Foxwoods Man
11/16/2018 07:24 am
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BadDog's Avatar
United States
1374 Posts
 Posted 11/16/2018  08:59 am  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply


Everything looks fine to me with both slabs. Is something in particular concerning you?

Since you shelled out the bucks for PCGS 70 graded coins, I'm guessing that you want PCGS 70 graded coins. If so, then I'll have to disagree with folks who are saying to buy directly from the Mint.

Purchasing and submitting a single coin for grading and getting a 70 grade on it is not a high probability. The pop report for the 09 high relief coin shows 10,593 graded as 70 out of 21,683 submitted (48.85%) and the 08 proof has 616 out of 15,749 (.54%). You can check other dates and see similar statistics.

OTOH if your pockets are deep enough to purchase and submit several (5-10?) for grading then direct purchase may be an option. Hopefully at least one would come back as a 70 and if more than one grades as 70, then you'll probably be able to recoup your purchase and grading costs without any issue.

As far as the slab itself goes, I would look at least at:
- Does the cert verify for the coin?
- Does the bar code match the cert?
- Is the generation of the slab used appropriate for the coin?
- Does the slab stack?
- Does the color of the slab look correct?
- Are the fonts used in the cert sharp and correct for the slab generation?
- Is the hologram sharp and correct for the slab generation?

Other folks may chime in with other things to check as well
Edited by BadDog
11/16/2018 09:06 am
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jbuck's Avatar
United States
187702 Posts
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 11/16/2018  12:20 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
Since you shelled out the bucks for PCGS 70 graded coins, I'm guessing that you want PCGS 70 graded coins. If so, then I'll have to disagree with folks who are saying to buy directly from the Mint


I suggested a direct Mint purchase as the ONLY way to absolutely guarantee that the coin is genuine without resubmitting it yourself.

It did not have to do with potentially grading the coins just the question of authenticity of a purchase.
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BadDog's Avatar
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1374 Posts
 Posted 11/16/2018  2:25 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply
Foxwoods Man,

Yes, I realize that is what you were saying and I agree that it is the ONLY way to absolutely ensure you get the real coin.

The OPs question really had to do with how to detect a counterfeit slab and not the coin itself, since counterfeit slab means counterfeit coin as well. The assumption here is that the TPG is good enough to detect a counterfeit coin and not slab it (a pretty GOOD assumption IMHO). So, if the slab is legit then the coin is legit as well.

Somehow, everybody went off on the tangent of how to avoid getting a counterfeit coin, which I don't think the OP was asking (but I may be wrong, wouldn't be the first time )
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GMS5's Avatar
Canada
1527 Posts
 Posted 11/16/2018  3:15 pm  Show Profile   Bookmark this reply Add GMS5 to your friends list Get a Link to this Reply
I would also assume that Great Collections would do their due diligence on the coins before putting them on the auction block.
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bonthomme's Avatar
United States
4 Posts
 Posted 11/17/2018  3:14 pm  Show Profile   Bookmark this reply Add bonthomme to your friends list Get a Link to this Reply
Thanks, everyone! I've been trying to reply for the last day and a half but I keep getting system busy or not allowed. (so maybe a short reply like this will work)
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bonthomme's Avatar
United States
4 Posts
 Posted 11/17/2018  3:30 pm  Show Profile   Bookmark this reply Add bonthomme to your friends list Get a Link to this Reply
Ok, let me try my original reply again...

BadDog: Haha, if my pockets were that deep, that'd be a 1907 high relief! Nothing in particular is concerning me, it's just that post purchase I kept reading more and more about counterfeit slabs, and how readily available they are from Chinese sites. This was a big purchase for me, and not something I plan to make a habit of. I don't have much in the way gold (just two common date Saints), and I really wanted an example of high relief and DCAM gold (DCAM Franklins are my wheelhouse). I figured if these two were going to be my representative pieces, I might as well swing for the fences.

BadDog/FoxWoods: Let's say you're both right. Yes, my presumption is if the slab is good the coin is good, but sometimes an easier way to detect a fake slab is via the coin inside it.

All that said, as a kid who stared at the black and white pictures of the 1907 high relief in his Dad's 1955 Red Book, that 2009 is pretty sweet.

Thanks everyone for the welcome and the insights. Much appreciated!
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Coinfrog's Avatar
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94367 Posts
 Posted 11/17/2018  5:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Both seem genuine and most attractive to me!



to the CCF!
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Captain Jack's Avatar
United States
171 Posts
 Posted 11/21/2018  8:47 pm  Show Profile   Bookmark this reply Add Captain Jack to your friends list Get a Link to this Reply
Chinese counterfeits always tend to have a certain ugliness to them, whether a counterfeit Morgan dollar or a gold coin... they're not good enough yet to make flawless counterfeits in my opinion.
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jimbucks's Avatar
United States
4691 Posts
 Posted 11/21/2018  8:59 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
No issues as far as I can tell. Great Collections is a very reputable auction firm.
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 11/22/2018  8:13 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
Both slabs look okay to me.
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