New PCGS holders to combat counterfeits.

Discussion in 'Coin Chat' started by dsmith23, Jan 10, 2014.

  1. dsmith23

    dsmith23 Gotta get 'em all

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  3. John Anthony

    John Anthony Ultracrepidarian

    If wonder if the counterfeiters did PCGS a favor. At five bucks apiece, I'm guessing there are going to be millions of resubmissions to get into the hologram holder.
     
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  4. geekpryde

    geekpryde Husband and Father Moderator

  5. John Anthony

    John Anthony Ultracrepidarian

    The hologram could have been less cartoonish, just sayin'.
     
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  6. dsmith23

    dsmith23 Gotta get 'em all

  7. JPeace$

    JPeace$ Coinaholic

    IMO, PCGS always had the least imaginative holder and this one doesn't change my opinion. I'm glad they are doing something to combat the growing number of fake PCGS slabs being sold on ebay.
     
  8. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

  9. gamebird98

    gamebird98 Active Member

    I wonder how many they get back to re-certify...only to find out they are not real? :eek:
     
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  10. rysherms

    rysherms Alpha Member

    NGC all the way baby. I will take a run-of-the-mill no frills NGC-Edge-View holder any day over any other TPG slab. I am only slightly tainted by my personal relationship with NGC personnel, but if only for the actual look of the slab, I still love the simplistic design of NGC anytime
     
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  11. dsmith23

    dsmith23 Gotta get 'em all

    I see they're actually making a new scratch free slab as well, interested in how opaque they will be now.
     
  12. geekpryde

    geekpryde Husband and Father Moderator

    I wonder if the coin is fake and the slab is fake, but duplicate a cert and barcode of a real PCGS coin, will PCGS even look for that? If PCGS just has an assembly line to crack them open and put them into new plastic, a lot of fakes could end up in the new holders.

    If they do carefully look at every coin, I'd imagine the $5 fee is too low.
     
  13. bkozak33

    bkozak33 Collector

    I assume they will pay a bunch of interns to just reholder them. fake or real.
     
  14. carboni7e

    carboni7e aka MonsterCoinz

    they could at least post a list of duplicate cert numbers they get.. that way you would at least know what to look for and where.
     
  15. bsowa1029

    bsowa1029 Franklin Half Addict

    Sticker looks cool but the holder still looks like garbage.
    PCGS slabs are absolutely hideous.

    And how does adding a different sticker combat counterfeiting?
    Counterfeiters can just keep making the older slabs with the older stickers...
     
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  16. bkozak33

    bkozak33 Collector

    it doesnt. its a money grab.
     
  17. 19Lyds

    19Lyds Member of the United States of Confusion

    Not to rain on any parades but this will have absolutely NO effect on counterfeit slabs or the production of counterfeit slabs. The ONLY possible way it "Might" would be if PCGS agreed to "reholder" every PCGS Slabbed coin at a reduced cost or for free. I see that its $5.00 per slap plus $8.00 handling fee plus return shipping costs. They'll make millions and then some enterprising soul will come up with aimilar hologram.

    PCGS has graded more than what, 20 million coins and it will be those "old" slabs that folks will continue to counterfeit as the threat is still alive and well as long as those older slabs still exist.

    Of course, PCGS, from a business standpoint, may want folks to only purchase coins in this new slab in which case it will force folk to resubmit for reholdering coins which simply cannot be sold in which case, PCGS makes a windfall!

    No, I hold absolutely zero importance of a new "hologram" and while it may be important to some, it certainly will NOT combat counterfeiting of older PCGS slabs.
     
    Last edited: Jan 10, 2014
  18. geekpryde

    geekpryde Husband and Father Moderator

    Well eventually the older slabs will come out of circulation, and be replaced with the more secure new holders. It's a constant game between counterfeiters and PCGS. No different than how old money slowly leaves circulation. Even though you can find the occasional rattler or fattie, likewise the occasional silver war nickel or buffalo nickel most holders you see are of the last few generations.

    For people trying to copy the cert of a coin recently encapsulated by PCGS, obviously they would have to attempt to fake the new slab with longer cert, either that or continue to only counterfeit older slabbed coins. Yes, there will be plenty still to fake, but I bet the bad guys take a whack at the new holder fairly soon, why limit themselves? For awhile until they catch up, someone might be able to take a little more assumptions about the authenticity of the coin with the new holder, but then again, if fake coins end up into the new fancy holders, no one will care how many holograms are on the slab.
     
    Last edited: Jan 10, 2014
  19. Endeavor

    Endeavor Well-Known Member

    I wonder what's next after this
     
  20. stoster38

    stoster38 Member

    Maybe some kind of biometric feature where the submitter would somehow include retina or fingerprint information that would get added to the slab!!! ;)
     
  21. ldhair

    ldhair Clean Supporter

    I have one in my hands. It's a great looking slab.
     
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