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 Replies: 9 / Views: 2,053 |
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Pillar of the Community
United States
646 Posts |
Looking at listings on ebay, you have to wonder. How can you be selling coins for 1/4 of the grading costs? |
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Bedrock of the Community
Australia
21788 Posts |
I have seen excellent examples of fake stamps that have been explained to me why they are fake, by a very experienced professional stamp dealer. I must admit, I really couldn't pick them myself.  I have an interest in 19th century Australian stamps, but I only buy the cheapest common examples, in lower grades. I have also seen reports of fake prescription drugs. and packaging for prescription drugs. Mostly, the same printing techniques for the packaging are used, as for the genuine. That is one of the reasons why I don't collect slabbed coins, although I suspect that (currently), fake slabbing is uncommon. Another reason is if a coin is in a fake slab, the slab has to be broken to properly investigate the coin. The slabbing industry has been well aware of all of this from the very start, and do the best that they possibly can to make slabs as un forgeable as possible with 'state of the art' security packaging. That doesn't stop the scammers. |
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Pillar of the Community
United States
7276 Posts |
People will slab anything expecting to make money. Not everything ends up with a grade good enough to recoup so these are sold at a loss. The ms67+ makes up for a few ms64's
Edited by hfjacinto
04/05/2020 08:32 am
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Rest in Peace
United States
18456 Posts |
It looks like counterfeiting everything from stamps to ancient artifacts is a full time business . It really is a shame that it's ruining a lot of hobbies and legitimate business's .  |
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Pillar of the Community
United States
7375 Posts |
Larger companies, or those with deep pockets, will send in rolls of coins to TPGs looking for the high grade ones. Then they sell off the others for what they can get.
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Pillar of the Community
United States
3653 Posts |
 Many are bulk submissions, and are processed at much lower cost per unit. Others are genuine coins and slabs, but reflect market declines and coins that came back graded below what the submitter thought they would grade. Fake slabs do exist, but most can be detected with some online research. |
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Pillar of the Community
United States
1026 Posts |
Always make sure to check the serial number against the TPG database, if possible. |
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Pillar of the Community
 United States
7947 Posts |
Sounds like the consensus answer is no.
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Pillar of the Community
United States
9395 Posts |
When buying slabbed coins, try to buy only coins with pics in the NGC or PCGS data base. If you are buying an older coin, there are likely to be markings on the surface, and these should match up with the picture.
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Valued Member
Australia
73 Posts |
Yes there are faked slabs about most of the major TPG's third party graders ! ! ! And . . . it is NOTHING to worry over, for example I buy 800 dollar coins;i buy them in PCGS or NGC holders. I NEVER BUY from asia nor sellers located in asia! no one is going to fake a top tier TPG slab for an 800 coin. Sure it is possible but in reality its as likely as a politician telling you the whole truth ; its just a risk your not going to fact in reality. There are over 30 MILLION PCGS slabs and a lot of NGC slabs etc. So for the hundred or so slabs your thinking of buying the risk is just not there. Sure people get scammed but they are probably more at risk due to buying a lot of slabs or more expensive slabs worth the effort. never ever ever ever buy unless it is a PCGS, ncg,anacs or icg holder. if the price seems suspicious then obviously do even more due diligence! ! ! regards |
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Replies: 9 / Views: 2,053 |
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Posted 04/04/2020 10:46 pm
