I was in a conversation today regarding fake coins (from china) in NGC and PCGS slabs that are counterfeit with Doug Davis (NCIC) who runs the numismatic crime information center and I provided him with information regarding the sellers of these fake slabs and he had no intrest whatsoever. Surprised me that a man who earns a living by investigating numismatic crime could care less about fake slab fraud. I certainly wouldn't pay him a penny to protect me! Still confusing. Be careful some scary fakes out there!
Although you can still get taken by false info from a seller in the USA, the first box I check in an ebay search is the one that drills down to USA sellers only.
With todays technology with laser cutters computer assisted , it would be easy for someone to have a die made up and be very exact to the real die. This will be a continuing issue with buying coins today. Stick with the people you know , and if you need to find honest dealers hang around Coin Talk there are great guys here that are honest dealers. Do not buy the knock offs. We all know the problem is the scammer buys the fake puts it into mint packaging purchased on eBay, then rips someone off. It is hard to control this , one way is to try and get eBay to stop people from selling their empty packaging to scammers. If they cannot get the packaging they will have a harder time to pass this junk off. Only if the makers of these fakes would stamp fake or reproduction on the coin this would stop it. .Then of course nobody would buy their fakes. Do not sell your empty packaging this is part of the problem . Dillan
Though this thread originated in 2018, it's still very relevant for everyone on this forum, namely, if it's worth counterfeiting a 2018 AME then it's worth counterfeiting pretty much anything. Someone must see profits off of manufacturing even recent low to mid-range priced coins. The old comforting thought of "it's not worth enough for anyone to counterfeit" no longer holds. Add to that all of the reports of fake slabs roaming around and where does that leave us? I don't feel like I can trust anything anymore. This is the number one reason that I've only bought a total of 2 coins so far this year, one directly from the US mint and the other from a dealer I've dealt with previously. I can't imagine paying $200 - $300, not to mention more, for a great looking coin only to have a magnet stick to it when it arrives. All of this makes me want to run screaming from this hobby.
The coin hobby has certainly been under attack! The trust is gone. Maybe though instead of being comfortable with a slab and a paper label collector's should become more knowledgeable and watch their ass. The coin market will remain intact. There is fraud and issues that all markets are effected by. Knowledge is the key to safeguarding oneself. Just my thoughts on the matter.
I'm curious about something. If they can fake the coin, why don't they fake the U.S. Mint packaging along with it? Why reuse the original capsule?
Because Mint packaging is pretty much guaranteed not to have any mistakes that would trigger suspicion, and because it's readily and cheaply available from people who've sent the coins off for grading (or to be melted).
But how is ebay to know whether the buyer is a scammer or just someone who wants the OGP for coins they have that they either just want to put in OGP or who have OGP packaged coins with damaged packaging.
There are also lots of sources besides eBay for OGP. Much of that packaging gets discarded. There are still more coin collectors than packaging collectors.
"Stop the fake / repro sellers" ??? No. Let them keep their same account, and soon ALL will know them. Shut 'em down, and they'll be back tomorrow, different name, and SOMEone will have to spot them, and ID them for everyone ELSE to confirm - AGAIN. 'Keep your friends close, and your enemies closer'.