The fight against counterfeiting continues! PCGS has recently worked with DuPont to create a new hologram that is at the least, very hard to copy. PCGS will announce the official release of the new hologram at the Long Beach show January 30 to February 1. It has also been announced that in late January, PCGS will also be using a harder clear, scratch resistant acrylic for the slab material. Read more here: http://www.pcgs.com/News/pcgs-and-dupont-authentication-combat-counterfeiting
Strides to thwart counterfeit slabs is a plus in my book. Even though some see it as "cartoonish", I am glad they are looking for ways to separate genuine slabs from the counterfeits.
True, but the counterfeiters will just continue to fake the 25 million coins already in older PCGS holders.
Actually PCGS also says that you can send in all your older holder PCGS slabs for $5 each and they will re-slab them in the new holder (which has the hologram AND is made from a new scratch resistant material).
Right, and that will capture what, maybe 1% of the previously slabbed coins? Not to mention, their turn-around times are already abysmal, I can't imagine how backed up they would get if they had to reslab 25 million coins, even if spread over the next 2 years.
That is very true. And I have no doubts that will keep going on. Heck, I once got to see a counterfeit PCGS Rattler holder. That was wonderful!
It will be a cat and mouse chase, as with hackers and information security. Counterfeiting will never be completely eradicated, but this is a step in the right direction.
I guess everyone's right, they can't do much about the other coins, so they should not even think about coming up with ideas how to make it harder for the counterfeiters in the future. What was PCGS thinking?
I wonder if you will get a regrade on the coin or just the exact same grading again. If just the same grade with no QC check, it sounds like a good way to get a countefeit slab into a new holder with the new hologram; just saying.
They (the company) probably have covert ways to tell if their holders are legit. In house, they'll be able to see who send in counterfeits, and if tons come in from a single source, they'll probably contact the FBI.
So you think one of the top companies in third party grading will just turn a blind eye and swap plastic without giving consideration to the coin within? I highly doubt it.
I'm not sure what to expect for five bucks. Would they just send it to the guy who breaks open the holder and gives it to another guy who puts it in a new holder with the correct information on the label. Do you think that they do a thorough inspection of the coin as part of the five dollar process. What happens if the coin is slightly different from when it was originally graded or is damaged in the removal process? Do they send it back through QC after the transfer process and regrade it if necessary?
