Counterfeit NGC Slabs

There have been several instances of fairly high quality counterfeit NGC slabs showing up with holograms and correct serial numbers. I hope that this is something that the TPGs are ready to fight, because I think that this could pose a major problem in the coin hobby and business.

These types of problems have harmed other areas of collectibles severly in the past. I hope this concerned is addressed before counterfeit slabs have the opportunity to flood the market.

 

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I don't feel there is a way to stop it.
It's going to get crazy.

 

Sorry. I don't get the point of this post. Duh? This has been going on for a long time. Why the new thread? Do you have something to add to it? Anything SPECIFIC. Examples?

The Sky is Falling!!!! The Sky is Falling!!! Hello......???

 

Thanks for the heads-up, SGB. :thumb:

We study up to learn to detect counterfeit coins. Where do I get details about how to spot counterfeit slabs ?

 

http://forums.collectors.com/messageview.cfm?catid=26&threadid=628309

 

so for all of ourmemberswho are starting out please verify before you buy on the TPG's website

 

Geesh......Must have been a bad day.

They were just my thoughts on the situation. Yes, there are specific examples of several fairly high quality counterfeit NGC slabs that have shown up very recently. I am aware that this has happened before and actually happened to PCGS in the old "rattler holder" days. I was just curious what others felt about the issue, as issues with Chinese counterfeit coins are a concern of many.

This isn't a Sky is Falling post. However, with the quality of a few of these counterfeit slabs, including correct serial numbers and holograms, the hobby is going to have to take preventative actions.

 

thats why we have that sticker agency come up now if thething is all good they put a sticker on the holder i guess their business will take off

 

I have read some information or post on these recent counterfeit slabs which have appeared. As Shortgapbob stated with correct serial numbers and authentic looking holograms , many of these fakes are difficult to detect. I am sure, with time these fakes will improve. I know this form of "identity theft" has been around for a while but with many new causal collectors, the internet and Ebay , this could be a real problem.

If the TPG's do come up with a new way to slab coins for authenticity, how long will it be before the counterfeiters find a way to circumvent this. As my old granddaddy use to say to me " gourd head, if you build a better rat trap, then the rats will get smarter". My granddaddy had a way with words.

 

Well, I'm not aware of large numbers of counterfeit coins in counterfeit ANACS and NGC holders with counterfeit grading labels containing legitimate coin ID numbers having been "going on for a long time". I've started to see some on Ebay over the past few months but that's about it. How long has this been going on and please cite some (as you say) "SPECIFIC" examples?

Either way, even if you are correct, not everyone else is aware of the situation and your attitude and rudeness were completely uncalled for.

 

Thanks, Aberlight. Great thread (there and here).

They raised an interesting point - the possibility of AUTHENTIC coins in counterfeit slabs.

Why would someone do that ?

• To pass off a problem coin as legit - some lightly cleaned coins can pass the eye of a collector, particularly on-line shoppers
• To get a single point higher grade for a liner - With some coins, one point is a big deal $$$-wise.

 

This is an important issue, but I doubt it is likely to sink the hobby.

Counterfeit coins didn't sink us; counterfeit slabs won't either.

But it certainly merits attention - both by us and the TPG industry.

 

If this is being done in China, I feel it's going to get really bad.
The guys there that make fake stuff are like a giant machine.
They get better and better by learning from what is said about the fakes.
Once they have the process down they kick it into high gear.
I hope I'm wrong.

 

Not to worry... there's always the United Nations to enforce fair trade and copyright laws !:headbang:

Always remember their motto :

"Attention Genocidal Dictators !!! Fear our non-binding resolutions !!!"

 

One of the other forums I've hung out at was for WWII weapons and memorabilia. On certain types of memorabilia the counterfeiting got so bad one forum wouldn't allow discussion of how to spot the fakes. They used PM's. The counterfeiters were monitoring the forums to find out how to improve the copies. Sad state of affairs.

 

the way the true grading companies are doing so many scames like CAC and stuff like that soon there is going to be grading companies to slab the slabs to make sure they are real

 

There shouldn't be so much concern as to slab authenticity for anyone halfway knowledgeable in the hobby. Regardless of whether the slab is real or fake, the buyer shouldn't focus on whats written on a sticker, and instead KNOW the COIN they are about to purchase. I disagree with about 70% of the authentic TPG's opinions on grade, so what difference would it make if it were real or fake?

Once again, if you buy the plastic you have to expect to get ripped-off at least half the time regardless of authenticity. Know your coins and there isn't any problem.
Guy~

 

Slabs aside, unfortunately, some of the counterfeits would fool many, if not most buyers.

 

Totally agree, Mark. I've seen a few that even fooled most well known dealers. But, I believe most of the emphasis is placed on what normally happens, which is real enough coins placed in fake slabs with absurd grading to go along. I'm sure there are a few instances of fake coins in fake slabs, but they seem to be fewer in number.
Guy~

 

I think that's an overstatement. The average collector, including you and me, is unlikely to be better at grading than the folks at the major TPGs. So to say that they are wrong at least half the time, or that you disagree with the grade on the slab more than half the time, probably means that you are either overconfident in your own grading skills or are grading by a different standard.