Empty NGC Slabs

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holy mother of god. i cant imagine this being ethical by any means. the legality...probably not legal. someone should alert NGC maybe of this auction?

 

why not legal?
It cleans out the closet.

 

It looks like someone cracked a TON of buffaloes! I just see the insert. I don't see the plastic slab outsides.

LOAD of OGP boxes too.... those are actually useful!

 

its like selling a 70 chevelle SS clone as being the real deal. akin to theft by deception/fraud IMO and i believe you can sue someone for doing that. it may be legal...but they might be stolen, who knows.

i cant imagine someone buying slabbed coins which carry a premium price and then removing the coins and then deciding to sell the "remains" of the slabs. it would just be cheaper to buy the coins as bullion. so how did they get them? i doubt NGC just gave them away.

just seems like a real easy way for someone to stick regular coins in them and sell them as though are graded to ignorant people who simply dont know any better.

how hard would it be for someone to get the slabs tos tick them in? that's my question. if its not terribly hard then this IMO is a problem.

 

WHAAAAAAAAAT... ROTFLing, apparently there is absolutely no control at the NGC back door. If I was on the board of directors I'd be warming up the lawyers. Calling Ebay would be the first of my actions...

Also, isn't this running counter to Ebay's current Certified Coin standards?

 

but they're a platinum power screwer! standards get thrown out the door for such a "seller" im sure.

 

Like Frank.....

I agree---I really don't see anything wrong with cracking the slabs and then selling the parts. Its not like they can put the slabs back together where you can't tell it.

Speedy

 

Yea, but I wouldnt put it past chinese counterfeiters to buy the lot. If they have the technology to make the coin, Im sure they can make a fake slab that looks real. Then whos to know because all the serial numbers would match up as being legit. But the coin inside would be junk with no way of knowing. Im sure its harder to spot a fake if its in a slab thats legit

 

Uh.......
Check prior postings, they have already done that!

 

I hate to say this. but I disagree. Where theres a will theres a way. Some one ( if looking hard enough ) could find empty clear slab plastic shells, and make a real mess out of things. It would be as easy as maken a clay mold of the NGC slab and getting some clear plastic sheets then blowtorch heating them to the molds and wala you have NGC slab copys. If you have the coins to fill the holes and some good super glue. You could make WELL over what it cost you to make them. Im reporting this guy to NGC ASAP.

 

There have already been instances of counterfeit NGC and ANACS holders containing counterfeit coins being sold on Ebay.

Edited to add: I have emailed someone at NGC about the current Ebay listing.

 

Speedy, I disagree and think a (pass-fail) lesson in business ethics be required for every power-seller Ebay crowns as well as others...

Private bids, premarked inserts & the new scourge of slabbed counterfeit coins from other countries, adds up to trouble. This wouldn't stand up in a court of public opinion and says a lot about the intentions and honesty of the seller. To put it civilly, "it's shady and smacks of dishonesty." This is right up there with those crooks selling pictures of IPhones.

Honesty and Integrity are everything to the Repeat Customer, or lack there of...
Ben

 

Hench the BENT grading service (aka Bonedigger's..)

 

I don't see any difference here than the auctions that are selling remade early proof set envelopes or for that matter the recent proof boxes and COA that are empty.

I don't have an issue with it and I dont think that NGC has a leg to stand on legally to stop it. Unless of course they are fake.

This probably goes something like this: they purchased a boatload of them, sent them in for shots at 70's. Sold the 70's. Took the 69's, put them in 2x2's in their showcase and sold them as we havent had them slabbed yet but look at all the 70's we have, these have a shot at being a 70. : ) Then sell the holders etc..

 

9:27 AM EST Report sent...

 

The reason "someone is allowed to do this" is it's perfectly legal. What is it that concerned you ?

Someone cracked out a large amount of slabs and is selling the inserts. While I agree it's a ridiculous auction, that doesn't mean it's an illegal auction.

Is anyone concerned about a potential flood of counterfeit MS69 Buffaloes ? Not me.

 

One reason people might bid is because you can send the NGC lables back to NGC for $$. If I remember right, it's $1/lable. So that would make this auction worth at least $100.

Speedy

 

Has anyone checked the numbers on those two inserts shown? Heck, I can't even figure out how to navigate to where I can check the numbers. Aren't the ANA and NGC affiliated too?


Ben

 

The only "affiliation" I am aware of is that NGC has paid for ANA endorsements as the "ANA's official grading service".