Ebay Counterfeits, PCGS/NGC Counterfeits Plus More

I believe this PCGS slab is genuine.
Using this link scroll down to "PCGS 7".

http://forums.collectors.com/messag...2533&highlight_key=y&keyword1=pcgs generation

I have yet to see a PCGS slab of this type counterfeited.

 

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I edited this post because of Wingedliberty's response and post of his genuine PCGS holder w/ coin. Mine is a fake. I think it's time to notify that seller. http://www.cointalk.com/showthread.php?t=159375&p=1115633#post1115633

Thanks Wingedliberty, my barcode's on the back, not the front of the slab. Everything else appeared genuine. Does this mean the coin is a fake also? I'll just call PCGS. What the hell. Double double and re-double check.

 

Jeeze im about to crap my pants, and just like the other guy im second guessing everything ive bought off ebay now, I tried to compare my morgans to the ones in the photos and i cant tell a difference! :/

 

I am very scared about this, with counterfeits that good.

 

I couldn't agree more +2

In my opinion when you buy slabbed you are assured authenticity, there should be no charge to double check coin, or a 1/2 off cost (without having to purchase a membership, which is why I don't get my coins slabbed, I don't have enough to make it worth it)

 

Look up a PCGS Serial # on their website now and it will show public auction history (Heritage, teletrade, etc)

 

It's important to remember how these fake slabs are done and sold.

First, they "clone" real slabbed PCGS coins. I have never seen one that wasn't also sold by Heritage. All they do is find a coin on Heritage and copy that slab's serial #.

And they show up on eBay, frequently at "too good to be true" prices. Oftentimes greed gets the best of people and they get ripped off because of it.

You are generally not going to buy a nice $1,000 PCGS coin for $300-400.

 

I looked on apmex and other sites for my suspected fraud, and if i recall correctly a PCGS MS 68 1999 ASE was only 45.00 or so. I did find out about my suspected slabbed PCGS and the good news is, I DID FIND IT among the registry.
However if you look at this genuine PCGS holder
http://www.cointalk.com/showthread.php?t=159375&p=1115633#post1115633
You will see it looks nothing like mine. So mine IS a fake. Thanks WingedLiberty for your help. Does that mean the ASE is fake too? :O

I started with NGC when it came to collecting "slabbed coins" I read both grading sites and made a choice. One thing I can tell new collectors and investors. Research! I can't stress it enough.

 

Horrible.
Something has to be done...

 

Yes but it wont, China has been and will be doing fakes as long as there is a market for it. Slaps do no longer represent safety. Know your coins and history and if it´s to good to be true, well you know the rest.

 

Yes, a genuine PCGS slab will have a bar code on it.

 

Because of this BS, i will only buy the newer NGC cert's off ebay. At least you can look at a pic on ebay and pull up a pic on NGC's site. You can compare the bag marks and other blemishes to make sure they match. Unless counterfeiters start defacing the coins the same way, they can't counterfeit these.

PCGS needs to do the coin community a favor and scan / take pictures of every coin they do much like NGC does now (i think it costs and extra $3). This would prevent counterfeiting.

 

I solved my problem. I busted open my fake holders and managed to do it without damaging either coin. The good news is the coins are genuine and weight spot on. So that is a relief.

 

Have to agree with GDJMSP here. I have a fake Morgan that is dead-on weight and diameter. HOWEVER, it's 15% too thick!

 

Is a magnet attracted to it? Thanks in advance.

 

Why would NGC be any better. I'm sure they can or will fake those also. I also would guess that this stuff will be everywhere, not just on ebay. I'm sure there is plenty floating around at shows that have gone unnoticed.
There is also plenty of unslabbed fakes of all denominations. This may well be the beginning of the end for coin collecting. How many fake silver and gold bars do you think are being sold as we speak. I bet more than you would believe. I don't know the answer, but I don't think its as easy as saying know you coins or dealer. I would bet most collectors are no where near educated enough to tell the difference, and many who think they are probably aren't either.
It is sad and scary.

Lack

 

Almost ALL counterfeit coins coming out of China today are non-magnetic... and many are the correct weight, diameter and thickness. Many are struck on laser cut dies using the correct alloys (which includes 90% silver). The days of the crude cast counterfeits have come and gone.

 

No whstler, mine is not magnetic.