Fake kuggar rand fake holder

Was reading this article omg d&m good

http://www.coinworld.com/news/world...discovers-fake-krugerrand-in-fake-holder.html

 

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Krugerrand.

 

Scary, our "friends" in China are getting better with their tricks.

 

Be very scared..

 

Are we sure the fake is from China?

 

It is almost game over for slabbed coins. Pretty soon people will realize there are counterfeits out there where you can't tell the difference between it and the real one at all, because the fake slab will look and feel exactly the same as a real slab, the coin inside will look genuine enough through the slab, and the code on the slab will return a hit to a real coin of the same type and grade.

Honestly, the coin community brought it on itself. Until two decades ago part of the hobby was the need to study each coin carefully before you bought one, to familiarize yourself thoroughly with what you were buying to make sure you got a genuine one and that the grade quoted to you was the right grade for the coin. Today with the era of slabbed commodities, I doubt many collectors of slabs know how much their coin is supposed to weight, the diameter of the coin, how to tell a casted coin from a genuine struck coin, etc., and slabs pretty much make it impossible to use those methods to authenticate a coin even if you wanted to.

There is no substitute for properly researching a coin before you buy it, and no substitute for calipers, coin scales, and loops (combined with thorough research) as the only method to ensure you get what you paid for. As you can see, a slab won't keep you safe from counterfeits anymore, and any thoughts to the contrary is an illusion.

 

Between counterfeiters and coin cleaners, I sometimes wonder if hope for this hobby is an illusion itself.

 

Well, you can always go ancient...where cleaned coins are the norm. That way you don't have to stress over a little dipping, plus no slabs (you have to research, weigh, examine, and measure) and are expected to learn how to catalog properly your coin and keep proper records for yourself. It's kind of like what American coin collecting was in the 60's and 70's. It's a lot more liberating in a way. And yes, I know there are some slabbed ancients out there for people who can't be bothered to do things properly, but it's kind of pointless to pay 2 to 3 times the price of the coin just for a slab because you can't be bothered.

That's what these counterfeiters prey on, the fact that a lot of people today just buy the slab and not the coin, and think a slab is always fool proof.

 

Why , if you know what you collect you'll be fine . The only people who should really worry are the ones that don't research what they buy . Most of the counterfeits out there aren't all that great to begin with and the really well made fakes are a minority . Even the very good ones have tells , learn the die marriages for the coins you buy . This hobby has withstood fakes far better than any the Chinese have put out and with the Williness to learn we'll be fine .

 

I'm willing to bet there are far more non-slabbed fakes then slabbed fakes. The raw coin market is in as much trouble as the slabbed market (if not more). How many of these are floating around unslabbed?

 

Scary!

 

Well, no one ever said there's a substitute for doing your homework. Slab or not you better know the design, the dimensions, the weight, and all the tell tale signs of a counterfeit version of your coin. At least with a raw coin you can test everything before you buy it. With a slab you kind of have to take the coin as is unless there is something that obviously stands out as a fake.

I'm sure they are counterfeiters out there to have figured out a way to take a genuine slab and put a fake coin inside and seal it. They can always resubmit the original coin for grading to get another slab, and pawn you a fake in an original sealed slab knowing there is no way for you to weigh the coin in the slab to check for counterfeits. I have no proof this is happening, or happening often, but I'm sure it's happened. Those people are a clever lot.

 

I would not be surprised if the coin grading outfits have their plastic slabs manufactured in China.

 

I seriously doubt the counterfeiter made one counterfeit coin, one fake slab with one fake number to sell to one buyer. No telling how many of these identical frauds are out there. Hopefully, greed will trip him up now that his scam is known.

 

How much longer before all of these counterfeiters utterly ruin the very hobby that they're trying to capitalize on? They're slowly killing their host and all of us stand to lose if this keeps up. I've become really wary of buying anything on the internet and I've thought more than once of selling and running after seeing articles like this one. These agonizingly effective counterfeits are gutting this hobby from the inside out.

 

I still don't know why everyone is so scared of these fakes . If you learn your coins you should be fine . Buy off of respected dealers heck learn your slabs too but most of all learn your coins that you're planning to buy . The counterfeiters will always take shortcuts , even the best have tells if you're willing to learn about them . Sure there are some that are very good . But I've never seen one here where if the pics were good enough and close enough they didn't raise some flags . If you even suspect it's a fake , don't buy it . It's usually when people are trying to get a deal or buy cheap that get burned . Believe me I like a deal too , but if it's too good to be true it's usually hot or fake .

 

I don't think we can necessarily blame China for this one. Since it was passed to a U.S. dealer I would be inclined to believe the crook is right here in the USA.

 

I believe the fake slab and the fake coin were made in China . China has a well earned reputation for faking everything and anything.

These fake coins from China wind up over here and you can see them on Ebay all the time. They get passed around and I think that's what happened with this fake Krugerrand

 

One of the best things both NGC and PCGS could do was to put high quality pics of each coin slabbed into their data base along with the cert # . That way any small irregularities would show up . This would work best with regular MS coins . Also a cheaper way would be to write a small description of where any marks are on the coin , though this could be copied too . Still the pic would go a long way as each hit and rub is like a fingerprint . Best is to know your coins at least the ones you're buying .

 

What scares me about increasingly improving counterfeits is that I keep reading about those that fool even people who have done their homework, such as dealers and other experts. I don't know how common those situations are, but I've read about it more than once in the past year or so. So, yes, do your homework, but if the fakes even fool the experts, which they seem to do now and again, that's when things get scary.