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What To Do If Counterfeit?

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New Member

United States
6 Posts
 Posted 07/16/2021  07:44 am Show Profile   Bookmark this topic Add 1973Ike to your friends list Get a Link to this Message Number of Subscribers
Hello All - I was doing some online coin research this morning and was quite surprised when I found a coin for sale that is very similar to one that I own......so similar that I retrieved my coin and they are identical and even have the same PCGS holder, CAC sticker and number! I am praying that the reputable seller online, who I also bought my coin from, simply posted the wrong picture (my picture, from 2 years ago) and that this is an administrative error.

My thought was to call the large online seller and discuss. My other thoughts were to call PCGS. In the worst case scenario, where it is a counterfeit, I wouldn't even know where to begin in terms of obtaining a lawyer and/or informing some kind of federal authority like the FBI. Does anyone have any advice on the proper steps to take? Thank you.
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Slider23's Avatar
United States
4469 Posts
 Posted 07/16/2021  08:56 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
Please post photos of both coins.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/16/2021  09:11 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'd call the dealer to start.



to the CCF!
New Member
United States
6 Posts
 Posted 07/16/2021  09:13 am  Show Profile   Bookmark this reply Add 1973Ike to your friends list Get a Link to this Reply
I'd would like to post pictures of both, but I'd like to protect my privacy and that of the online seller.....for the time being. Because putting those PCGS numbers out there, puts my coin out into the public domain and therefore at risk. I was asking the community for advice on what to do and I'd prefer not to be put into the position of having to prove it. Believe me or not, the coin in my hand right now is identical to the one selling on APMEX and they have the same PCGS number and every other feature. There is no ambiguity or judgement involved.....it is either an administrative error or a bigger problem. I would appreciate some help. Thanks.
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Zurie's Avatar
United States
5672 Posts
 Posted 07/16/2021  09:23 am  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
APMEX tends to use stock photos a lot. They sometimes have a disclaimer in their listing that the coin will match the quality of the one pictured. Check if your coin matches the photos on the PCGS cert verification site.
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BigSilver's Avatar
United States
2843 Posts
 Posted 07/16/2021  09:26 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply

Quote:
I am praying that the reputable seller online, who I also bought my coin from, simply posted the wrong picture (my picture, from 2 years ago) and that this is an administrative error.

It would not surprise me if APMEX reuses photos as stock photos for items that are "standard". So, it depends what type of coin we are talking about. Two PR69-PR70 DCAM Kennedy's or Ikes are likely similar enough that nobody can have any complaint if they receive a different coin than in the photo. Two MS64 Morgan dollars can be so vastly different.
Why don't you simply call them and ask if the coin in the photo is exactly the one that you will receive if you purchase this exact listing.
EDIT: I see that Zurie beat me to it.
Edited by BigSilver
07/16/2021 09:30 am
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BigSilver's Avatar
United States
2843 Posts
 Posted 07/16/2021  09:35 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
Just noticed this on the APMEX pages
What-To-Do-If-Counterfeit?
vs.
What-To-Do-If-Counterfeit?

Which does the listing in question say?
Bedrock of the Community
United States
10284 Posts
 Posted 07/16/2021  09:50 am  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Stock photo I suppose, from AMPEX. I doubt your coin is counterfeit.
Nobody can tell who you are by posting a picture of your coin unless you identified yourself by name here in a post elsewhere.
Maybe they will change the stock photo if you ask them since YOU now own that coin.
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United States
6 Posts
 Posted 07/16/2021  10:01 am  Show Profile   Bookmark this reply Add 1973Ike to your friends list Get a Link to this Reply
Thank you all! I just got off the phone with APMEX at the same time your posts were coming through. And what you were suggesting is exactly what happened.....my coin is being used as the photo for a similarly rated coin and it does disclose in small writing that my purchase would match the quality of the coin, which is of course different from being the exact same coin. I am relieved. And thank for the quick responses. However, I have to say that APMEX was not that friendly about helping me.
Bedrock of the Community
United States
10284 Posts
 Posted 07/16/2021  11:35 am  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Well, on the upside, your coin is the most famous example of that particular date, grade and issue on AMPEX.
I would take a screenshot of the webpage with your coin on it for my own use and save it if I were you. I'd save it for my records or use it later if you go to sell it someday.
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United States
2869 Posts
 Posted 07/16/2021  12:49 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
I think it is just a stock photo.
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IndianGoldEagle's Avatar
United States
36770 Posts
 Posted 07/20/2021  2:55 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
I agree, they don't have time to photo every coin they sell.
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westcoin's Avatar
United States
9792 Posts
 Posted 07/20/2021  9:02 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
And that is exactly the main reason I don't use Ampex as a goto source for any of my bullion or coin needs. I've stopped a few friends and clients from making large purchases because they thought they were getting the coin shown, until I pointed out to them the same thing brought up here.

A CAC label is one thing but when paying $2500+ for Saints you should be able to see each coin you are buying instead of the best photo of that date they took. Especially when one of my friends was ordering 10 of them in MS65, he called me just to confirm gold wasn't doing anything weird that day. Then we got to talking and he told me his plan of turning a large work bonus into some PCGS slabbed gold. He was shocked after I explained it to him, then was able to hook him up with 10 at a much lower price (more than $100/coin lower, or almost a free half ounce of gold in the deal)!
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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