As Promised

Sure enough looks like it was not tampered with....now I will be more skeptical when buying a ANACS slabbed coin.

Tim

If you can make the exchange surrounded by spectators you got yourself a first class cabaret act fur numismatic society meetings
( Spoken as a former close up magician )

there is not even a crack in the slab anywhere to show it was tampered with, when I first got my 1909 VDB Lincoln Cent and realized how easy it was to open the slabs (even though that one did crack because I wasn't trying to be careful at all) I decided I was going to do this with this coin when it arrived (since I had already bought the coin in the new ANACS slab, and I was going to be more careful this time to see how easy it was) I have to admit, the Lincoln Cent was more flexible than the dollar slab but as you can see still no evidence of tampering at all and all I would have to do is slap another 1881-S Morgan in there and sell it on ebay or yahoo and I could even polish the coin to make it look DMPL if wanted and a unsuspecting buyer that didn't know anything about coins would be fooled because with just a little super glue in a few places it would never even look like anything was wrong and if ANACS says its a DMPL and if its in the new holder it has got to be problem free so they are satisfied with the coin and really they are getting ripped off. Of course I would never do that and that is the reason I am showing how easy it is and how you wouldn't be able to detect it so everyone can be aware that this is a major problem especially if you aren't familiar with the series and dont know what you are buying and you are just going by what the holder says. I hope maybe this will open some peoples eyes and wish I had this proof when Mr. Taylor was here because he said he had never seen proof and he said they took precautions to be sure it couldn't happen, but as you see I did it with very little effort and all within a matter of about 2 minutes

quote:

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Originally posted by RangerXLT8

So this can be done for other TPG slabs as in PCGS, NGC, ICG?

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Most slabs are alot harder to open than the "New" ANACS slabs are, I have had a hard time opening NGC,PCGS slabs and I just use a dremel with a cutting wheel on them because I dont want to mess up the coin inside and they are really hard to open some times, but the new ANACS slab can be cracked open with very little effort and when they are opened there is no evidence that it was ever tampered with which makes the slab worthless for collectors because the main reason for TPG is for authentication and if they can be opened with little effort and the coin changed and then glued back together and you cant ever tell it was tampered with who is to say the person put a real coin back in the slab before they resealed it, so this is a major problem that ANACS needs to fix real soon or their company will suffer more and more because if I can do it and am what I liike to think an honest person, you can bet the not so honest people can do it and chances are already are doing the same thing right under everyones noses

Someone could change the coin with a coin that was close to the same grade but was a point or two below and it would take awhile for them to be figured out (which is probably what would be done, they wouldn't be so blatant as I was to put another type of coin in there, because they want to fool you, and grading is so objective anyway if they put just missed coins in there who is to say its wrong). Now a 1881-S Morgan is not that big of a deal because the price difference between grades isn't that great if it was changed with a coin that was close to the same grade but just didn't quite make it, but you get into some other coins where one grade means thousands of dollars that is where you start having a major problem

I like this thread. The other forum gave me all kinds of flack about a certain coin being "unslabbed." It was a 1932-S Quarter in AU58 at $350 or $360.

"Wscoins sells a RAW coin--this is NOT good as this is a key date coin and it should be graded and slabbed."

The only site that they said has it lower was an "auction" site. If I am not mistaken, I can't go to an auction site and "buy" it. I can only "bid" on it and hope that other people don't outbid me.

They seemed determined to tell me that the friend who recommended wscoin to me is getting shafted and that I should buy from the websites that these particular forum members were recommending. It was incredible! In case after case where I did comparisons, they were 100% wrong. They should come to this forum and read this thread.

Thanks for making my day Bryan.I have five Morgans at ANACS right now.1891's 92's and 94's.

Bryan1315, thank you very much for the warning.

Obviously people are going to switch coins in slabs for profit.
Resubmitting good quality coins and replacing the coins in the slab for one grade lower would hardly be noticed.

Your Eisenhower dollar in that slab is now worth about $70 to the investor. (at least to those investors who can not tell the difference between an Eisenhower dollar and Morgan dollar. LOL )

Proving collectors need to be able to grade their own coins.
Once you have that ability the only reason to pay have it slabbed is to sell it to an investor.