1916 Standing Liberty & 1901-S Barber Quarters

we just do not want you to be taken advantage of. especially with expensive coins.

 

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I thought the 1901 S was suspect immediately.

It looked cleaned right off.

 

Gotta agree with you razorblaydesjr. Some of us get carried away sometimes, nobody on this forum is perfect, but I'm pretty dang close.

 

I dont look for "deals". I always pay more than book value for coins that go in my collection.

 

Congratulations! Thank you for letting me know this. I woke up this morning wondering your strategy for purchasing coins.

I purchase coins that add value to not only my collection, but also potentially my pocketbook. I don't look to "always pay more than book value". That just sounds ridiculous.

 

That's weird.

You should try it, its fun.

 

Actually, sir; it is not at all ridiculous. Not that it has much to do with the issue at hand, but paying up for quality can be a sound collecting strategy, and oftentimes pay off in the long run. Book values are simply estimates that can not only widely differ from one source to another, but also have little basis in reality.

 

What books said is what i was getting at. He puts more thought and effort in his post than i.

 

Actually you're response was better. It made me laugh... literally out loud.

Back to the issue at hand. I'm working on figuring out the proper avenues to report the counterfeit coins to. I will keep everyone posted. Fingers crossed that I can keep somebody else from getting scammed.

 

Those are fake holders and coins. Guaranteed!

 

I find that most of my favorite coins I paid over "book value" sometimes quality cost more which it should . Coins that I tried to get on the cheap are usually my least favorite . So I will definitely pay up for a quality coin .

 

The problem is, if you advise a less-knowledgeable collector to seek out coins above book value, there are always plenty of sellers who will be happy to charge high prices for poor coins.

 

But isn't the same if you advise them to stick to bargains that someone will sell them detailed coins or worse fakes . I guess we should stress having the knowledge to know the difference and learning about coins before buying expensive coins .

 

Absolutely.

Paying a premium doesn't guarantee you a nicer coin, but holding out for a big discount is almost certain to get you a poorer one. Or, if you do know what you're looking for, you can wait the rest of your life and never find the bargain price you want for the good coin you want.

 

Not that this horse needs any more beating, but I thought it was interesting that the barcodes on both slabs were identical. That's not supposed to happen

 

LOL. I don't have an app handy to scan barcodes, but I'd love to see what it actually spells out. 8675309, perhaps?

 

I looked up the coins and got this information:
According to the PCGS Certification Database, the requested certification number is defined as the following:
PCGS Coin Information
PCGS #
5704
Date, mintmark
1916
Denomination
25C
Variety
Standing Liberty
Country
The United States of America
Grade
MS64
Holder Type
Standard
Population
75
PCGS Price GuideSM Value:
$22,000
PCGS Coin Information
PCGS #
5630
Date, mintmark
1901-S
Denomination
25C
Country
The United States of America
Grade
VF25
Mintage
72,664
Holder Type
Standard
Population
10
PCGS Price GuideSM Value:
$23,000

 

You are on a public forum where anyone can say anything and state it as fact. While many are very knowledgeable, some seem way off on their opinions and others just seem to agree with what they read no matter what.

 

WOW!!!

UPDATE: So I just go off the phone with Kathleen at PCGS and reported the counterfeit PCGS slabs. I explained how I was contacted, how the coins where presented, and what evidence I had that showed intent to sell counterfeit slabs (and probably coins), and what photo evidence that I had.

She literally just told me that there was "nothing" that they could do. My response was that I was surprised by this answer and that this would leave others vulnerable to being scammed out of potentially tens of thousands of dollars. When I questioned her initial response, she told me to please hold. Kathleen then came back after a minute of so and told me to email the information I had to info@pcgs.com, but that there was really nothing they could do.

I have to admit this response blew me away! She was completely unconcerned.

I'm going to email the info now, but unfortunately it doesn't seem like they care or are going to do much of anything. Just wanted to keep everyone updated.

 

Oh, they care. They just realize after several years of dealing with fakes that there truly is very little that they can do to combat it. Rolex, Versace, Valencia, etc all feel the same way. They would LOVE to do something about Chinese knock-offs, but as long as the items are legal to create in China (and import into the US) there is not a whole lot that can be done.

On the other hand, they are VERY interested in domestic counterfeiters of their products and will aggressively pursue such.