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Certification Of Contemporary Counterfeits

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Pillar of the Community
swamperbob's Avatar
United States
5362 Posts
 Posted 09/22/2006  5:03 pm Show Profile   Bookmark this topic Add swamperbob to your friends list Get a Link to this Message Number of Subscribers
Hello James,

Thank you for taking time to answer some of our questions.

For about 40 years, I have been attempting to assemble a set of all of the Contemporary Circulating Counterfeit Dollars that appear in Dr. John L. Riddell's 1845 "Monograph of the Silver Dollar, Good and Bad". These documented counterfeit coins are known to have circulated in the US before the Civil War are certainly becoming more collectable with time. Along with their more valauble Colonial counterfeit cousins (Evasion Half Cents and Farthings, Machin Mills issues and Birmingham Counterfeits of the Portrait 8R, just to name a few types) - it seems that at some point authentication of period counterfeits should be undertaken by a firm like ANACS.

Do you have any thoughts on that issue?

Bob Gurney aka swamperbob
Edited by swamperbob
09/22/2006 5:04 pm
ANACS President
James Taylor's Avatar
United States
98 Posts
 Posted 09/26/2006  8:02 pm  Show Profile   Bookmark this reply Add James Taylor to your friends list Get a Link to this Reply
Bob,

I saw this same e-mail from you yesterday afternoon as I was wading through nearly 175 e-mails that had piled up on my computer while I was out of office on Thursday and Friday attending my nephew's wedding in San Francisco. I set it aside to answer after I had gotten through all the easy ones. As you now know, I'm not quite there yet.

One thing a company--ANACS, General Motors or Betty's Sewing Shoppe--doesn't want to do is confuse its customers, especially about basic things. All major grading services have an ironclad rule not to encapsulate counterfeit coins. To make exceptions is simply not worth it. I am aware that some counterfeits are more valuable and more sought after than the genuine ones. However, as I said, it is simply not worth it for a grading service to make exceptions over something as basic as this.

Sorry.

James
Valued Member
United States
157 Posts
 Posted 09/26/2006  9:09 pm  Show Profile   Bookmark this reply Add ziggy29 to your friends list Get a Link to this Reply
I'd actually like to add a little to what James said here.

Imagine a decision to go ahead and encapsulate contemporary counterfeits -- at least the ones with recognized collector value.

Suddenly, the word gets out that "ANACS slabs counterfeits!" and many people, not understanding the proper context, freak out. You mean this 1893-S dollar in an ANACS holder might not be authentic?

Confidence in the ANACS product could plummet where authentication is concerned.
Pillar of the Community
swamperbob's Avatar
United States
5362 Posts
 Posted 09/26/2006  10:47 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
James Taylor - Thank you for taking time to explain that. The reason is valid and I can certainly understand teh basic ecconomics involved, but it tends to highlight a problem in the collector community today. By that, I mean that a customer base that would be bothered ("confused") by proper attribution of circulating counterfeits seems rather naive. I personally would expect authenticators to know counterfeits every bit as well as originals and the fact that they were comfortable with both types would not bother me at all.

Perhaps this indicates that there is a nitch business here for a "Counterfeit Only" certification group. Only real coins would get the "Body Bag" treatment.
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