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 Replies: 7 / Views: 1,444 |
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Pillar of the Community
United States
9792 Posts |
This one is a doozy. I'm guessing the guy was switching out the coins and using the original labels and white insert then using the Chinese slab shells to make them look new and good again. Might not fool a dealer or long time collector that is up on things, but there is so much money to be made by fooling the beginner and uneducated collector. I find it sad that many that get taken, then leave the hobby with a bad taste of our wonderful hobby, never to return. All due to one dishonest jerk! https://www.ngccoin.com/news/articl...pering-case/Here are the ebay names he may have been selling under: ricalbr-40 (October 2020 - June 2022) Walkerlvr (June 2022 - November 2022) halfcrazy23 (November 2022 - Present) Much more in the article if you think you may have been a victim, read the link... Don't wait.  "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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Pillar of the Community
Canada
5239 Posts |
NGC is suing the person and has a restraining order.
It is good if people become aware that there can be consequences to selling fake coins/ slabs.
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Bedrock of the Community
Australia
21786 Posts |
It is still reasonable to expect that slab fakers outside of the US
will continue to have little regard and even less knowledge and respect of US Law.
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Bedrock of the Community
United States
19130 Posts |
Wondering what 'the guy's' legal representation is saying...
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Moderator
 United States
54280 Posts |
Quote:
If the case goes to a final decision, NGC stands to recover damages up to $200,000 for each instance of tampering and misrepresentation. quote from article This is either extreme overkill, or this guy was messing with very high end coins. Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
 United States
4589 Posts |
If you read the complaint, NGC shows some that are actually genuine cases - he cracked the edge, replaced the coin and then used some heat to partially reseal the slab. Sell the genuine coin raw (or send it off to be slabbed) and make even more on the con.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
4233 Posts |
Quote:
This is either extreme overkill, or this guy was messing with very high end coins. I'm guessing some of the $200k each is punitive damages, and not all actual damages. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
This is either extreme overkill, or this guy was messing with very high end coins. Extreme overkill discourages other from trying the scheme. |
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Replies: 7 / Views: 1,444 |
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Posted 03/08/2023 03:36 am
