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Ike Crazy
Thank you for posting this now i can be more aware. -
Supporter!
I am worried like the OP as well. Wait until they get the slab right, and perfect the reproductions. Then how will 99.9% of collectors be able to tell? I truly could see this crashing the value of all coins. When there literally is no way for an average collector to ever be assured of authenticity, why will they waste their money on coins that could be worthless?
This has happened in ancient chinese coins. The counterfeits are so good, many serious collectors have simply quit buying now. If it weren't for demand from China, the prices for this material would have crashed. Even the best US dealers cannot be sure about the modern fakes anymore.
Member ANA, ANS, ONS, TCACC, and other random alphabetical concoctions. -
Captain Obvious
 Originally Posted by medoraman I am worried like the OP as well. Wait until they get the slab right, and perfect the reproductions. Then how will 99.9% of collectors be able to tell? I truly could see this crashing the value of all coins. When there literally is no way for an average collector to ever be assured of authenticity, why will they waste their money on coins that could be worthless?
This has happened in ancient chinese coins. The counterfeits are so good, many serious collectors have simply quit buying now. If it weren't for demand from China, the prices for this material would have crashed. Even the best US dealers cannot be sure about the modern fakes anymore. Yeap i have noted a while back that creating a fake slab and sticking a fake coin in there is lot easier than making perfect counterfeit coin that passes the feel & touch test, sound test and density test.
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Coin Hoarder
Maybe the grading companies should list the weight of the slab plus the coin, so we can still weigh the slab to see if it's authentic.
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Senior Member
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Captain Obvious
 Originally Posted by Pacecar Reported!!! Ebay won't do a thing i have reported a Korean seller who has listed and sold the same slabbed Queen Valcambi gold coin with same cert# 6 times and he is still doing it.
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One for all, all for me.
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One for all, all for me.
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Senior Member
Im glad I dont collect Morgans. The only thing that looked off at first glance is the font on the label.
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Supporter!
Just a side light here folks......that '62 fake? No way that sucker grades mint state. That should be a red flag alone. PCGS (real deal) is much better than that.......
They also serve who only stand and wait....John Milton
To improve is to change; to be perfect is to change often.....Winston Churchill
It's what you learn after you know it all that counts...John Wooden -
Numismatist
I will bet they go away tomorrow.
Slow down, you move too fast.
You got to make the morning last.
Just kicking down the cobble stones.
Looking for fun and feelin' groovy. -
Supporter!
 Originally Posted by AnkurJ Im glad I dont collect Morgans. The only thing that looked off at first glance is the font on the label. And the flat nose and the ear.
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Wow - that evidence from the Heritage site is incredible. There should be consequences for fraud like that - but they never go after credit card theft either. Darn.
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I'm at a loss for words. The fact that you think coin collecting is that important right now in light of other things going on in this world that you suggest directing military resoureces to combat this problem is completely insane. (Especially when it was suggested to you on another forum that you were kicked out of, that a few years of military service would do you some good, but you said you wanted nothing to do with the military) As a 20 year recently retired Vet, your suggestion (with everything I know about you) is completely insulting.  Originally Posted by Detecto It's not really stupid. If you wish for the coin market to become saturated with fakes, then stand back and do nothing.
Military action is going to be the only way this problem gets solved. I can bet you a steak dinner on that. -
Coin Hoarder
 Originally Posted by mrbrklyn And the flat nose and the ear. dont forget the fat chubby cheeks and the jay leno chin.
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