Counterfeit/Fake Coins Submitted To The Grading Companies - Page 2

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Author	Replies: 20 / Views: 3,206	Page: of 2

Smallcentguy Pillar of the Community Canada 1984 Posts	Posted 12/20/2022 10:48 pm All the grading companies are doing is offering an opinion. The fact they think it is counterfeit does not mean it is counterfeit. To me this is a non issue. They have no right to seize a fake. Edited by Smallcentguy 12/20/2022 10:49 pm Report this Post to the Staff
hfjacinto Pillar of the Community United States 7292 Posts	Posted 12/20/2022 10:53 pm The above posts are not 100% correct. While some TPGs will not grade counterfeit coins, they will grade counterfeits that have historical perspective. For example Moonlight mint coins/tokens are graded and they aren't legal tender. Several TPG's will grade california gold rush tokens, which were created long after they were outlawed by the US Government. Even modern day historical counterfeits can be graded. For example the below is mine. What TPG's will generally not grade are counterfeits designed to fool a buyer (for example a fake Mercury dime 16D). Whether a counterfeit is graded really depends on its historical significance or if its market acceptable. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
Levaril Valued Member Canada 289 Posts	Posted 12/21/2022 10:50 am Quote: All of which raises the interesting corollary question: what do the Canadian TPGs do with counterfeit coins? Because legally, they aren't allowed to return them. Unlike the American slabbers, a Canadian-based company is obliged to obey Canadian law. I couldn't see anything on the ICCS website or their PDF submission form about their counterfeits policy. ICCS returns them to you marked counterfeit as well. I know this for a fact as I had one returned as such that was a pretty decent counterfeit, but obvious once I looked closer. It's still sitting in the safe if anyone wants a picture. Lol. I have no idea if this is a problem for them or not. They certainly didn't tell me it was counterfeit before they sent it back to me so I had no opportunity to tell them not to. Weirdly it wasn't a particularly valuable coin. Report this Post to the Staff
Sap Moderator Australia 16849 Posts	Posted 12/21/2022 9:29 pm Quote: ICCS returns them to you marked counterfeit as well. By "marked countereit", do you mean they noted it as counterfeit on the label, or they actually marked the coin in some way? Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
Levaril Valued Member Canada 289 Posts	Posted 12/22/2022 5:13 pm Quote: By "marked counterfeit", do you mean they noted it as counterfeit on the label, or they actually marked the coin in some way? ICCS didn't put it in a flip at all. They sent it back in an open holder and stuck a notation on the holder that it was counterfeit if I remember correctly. It was a year or two ago now. The paperwork also noted it was counterfeit. They didn't do anything to the coin itself. I have a George V 50 cent piece that looks pretty good but isn't quite real sadly. Report this Post to the Staff
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