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Replies: 22 / Views: 6,255 |
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Valued Member
United States
65 Posts |
I got this at auction from australia (by way of china) I'm not telling what I paid. Let me know if you think it's real or fake. Image: one.jpg43.39 KB Image: two.jpg33.86 KB Image: three.jpg27.9 KB Image: four.jpg37.55 KB Image: five.jpg32.29 KB Image: six.jpg44.38 KB
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Pillar of the Community
United States
1000 Posts |
Well if it is fake, they really did their homework on the PCGS cert number. PCGS verification Waiting for the experts 
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Pillar of the Community
United States
3098 Posts |
Edited by wd1040 05/13/2009 7:50 pm
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Valued Member
 United States
65 Posts |
I examined the holder and I can't tell. The coin does look "cleaned" but the grade AU58 seems appropriate. I emailed the seller before they sent the coin and questioned them about the authenticity. He said he was a manager of a company but with the global recession he was selling some of his collection to make ends meet. This coin doesn't seem like a candidate for forgery. It's not worth the trouble.
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Forum Dad
 United States
24164 Posts |
The rainbow is in an NGC slab..... 
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Bedrock of the Community
United States
10982 Posts |
Quote: It's not worth the trouble.
It's a $600 coin. That would be worth the trouble for many people. If you bought it for under $500, it should be verified. Something doesn't seem right. Usually an AU58 will have some luster and the pics don't show much. Also the font on the label looks like it came off a cheap printer. I'd be suspicious.
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Forum Dad
 United States
24164 Posts |
Quote: Well if it is fake, they really did their homework on the PCGS cert number. Yeah, that's what they do. They'll make a bunch of the same one.
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Valued Member
 United States
65 Posts |
i guess I'm nieve. I can't imagine making a coin from scratch and going through all the trouble of faking the hologram, the plastic case, the light blue paper, the numbers are authentic. I don't know. It's wierd, if this is fake then there is going to be a company that validates the authenticity of the grading, which validates the authenticity of the coin, ...... when does it end?
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Valued Member
Canada
166 Posts |
Hello,
If I had to grade coins for a living I'd starve.
Having said that, the obverse of the coin looks wrong. I've seen comments that it looks cleaned. I think it does not look like 900 silver.
$600 is a lot of money in China and well worth imitating. It is half a round trip ticket air fare between North America and China. I have students who save all year for such a ticket.
As I said, I am a poor grader, but this is as suspicious as any I've ever seen in a PCGS slab. I don't think that I'd gamble a $20 bill on it.
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Forum Dad
 United States
24164 Posts |
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Bedrock of the Community
United States
10982 Posts |
Quote: Here's an AU58 PCGS on Bowers and Merena. Thanks for posting that link. It should be noted that the auction "Closed 3/13/2004" so the price point is over 5 years old. The flashy luster pictured in the Bowers and Merena is more in line with high AU silver coins. Likely dipped but still PCGS usually requires much more luster on a 58 silver than the OP coin exhibits. I'd contact PCGS if I were you robocoin. They would be interested in your pics and would probably offer you a free review.
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Pillar of the Community
Canada
1248 Posts |
the cert checks out with PCGs.... but has the coin been exchanged...
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Bedrock of the Community
United States
10045 Posts |
I sense a need...for slab authenticators, aka FPGs*  * fourth party graders
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Locked
822 Posts |
Quote: the cert checks out with PCGs.... Yes, the counterfeiters make sure it does, just because they're criminals doesn't make them stupid. 
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Bedrock of the Community
United States
17884 Posts |
The slab is a fake. I don't like the looks of the coin either.
It is surprising how low the value can go and still be worth faking. I have an XF 1858-O half dollar in front of me in a PCGS slab. Catalog value is about $80 retail. The slab is fake and so is the coin. You have to remember that the only costly part is the slab shell, and PCGS uses the same shell for all their coins so the counterfeiter only has to cover that expense once. The hologram is slightly difficult but can be done by many printshops and once you have it copied it costs very little to have thousands of them produced. The paper and the type font aren't hard. Genuine certificate numbers can be found on-line just by looking at an auction house's archives. The coins themselves do cost some but no where near what the return is. And you sell a few of those bust dollars that cost you $20 to make for $3,000 to $5,000 each and all of you expenses have been covered. Everything from that point on is gravy.
Edited by Conder101 05/14/2009 2:10 pm
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Pillar of the Community
United States
1231 Posts |
I agree the slab is a fake because between PCGS and AU58, PCGS uses a single space and that slab seems to be double spaced
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Replies: 22 / Views: 6,255 |