It used to be you only needed to worry about counterfeit coins from raw coin lots. Now you need to verify TPG coins ... verifying both the holder and the coin. http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=954
Been that way for some time. Apparently you didn't notice the date on that article - Posted on 1/7/2008 Even before that, fake ANACS holders were making the rounds. Then it was fake PCGS holders. Fake NGC holders were the last to the party.
I remember when NGC made the announcement on their forum 2-1/2 years ago. It's fairly easy to spot the fake slab from the font and the dash. Chris
yes, but isnt it only a matter of time before the counterfeiters get the font right? after all changing a font is EASY i expect these will get harder and harder to detect as time goes by the counterfeit coins are getting harder to detect as well
Not as easy as you think. Otherwise it would have been right the first time. And keep in mind, the TPGs keep changing their slabs all the time. But reagrdless of what the counterfeiters do there is one fool-proof answer - ONLY BUY FROM REPUTABLE DEALERS. For if you buy a fake from a reputable dealer, he will stand behind it for life.
That is a sexist comment which ignores the female gender (the likes of the Cent, oops, I mean Penny Lady, et al). The fallacy in your statement is when the dealer retires or croaks, you are the bagholder. You better get it right at the get-go or you could end up sucking eggs. At Long Beach last week, a leading dealer had an 1807 half cent that was a veeeeeerrrrrry deceptive counterfeit. It was so good that it would fool 90% of collectors and most dealers. Caveat emptor!!!
I'm sure Doug's oversight was no more intentional than your spelling error in your second sentence, but you just had to have some way to get another "dig" at Charmy, didn't you! Chris
And the fallacy in yours is that the business usually continues even after a death. And the business continues to stand behind what they previously sold
You know, others that come here and read these threads don't really care for a poster who has a specific agenda, such as yours...the remainder of what you have to say after the barb is delivered, is almost meaningless, so why waste your time and especially my time as well. Like all reputable grading companies, the counterfeiters went after them first, after all, they stand to make more profit with a real coin in a higher grade slab and even more profit with a counterfeit coin in a counterfeit slab! I do however think both the services were caught a little bit off guard when the first identified bogus slabs surfaced and were deemed exceptionally well made copies. It was that little push that was needed in our hobby to get the certification companies going in order to stop-gap the pending flood of counterfeit coins and holders. As of now, Canada leads the way in curtailing counterfeiting on all levels, we should really take a hard look at what the Canadians have accomplished in a few short years. Happy Collecting
The fake ANACS slabs first showed up in March of 2007. ANACS discontinued the holder style that was being faked around June 2007 and changed all their holders in Sept 2007. We notified NGC of the first fake NGC slabs in August of 2007. NGC didn't make thier public announcement until some five months later. The PCGS fakes were the last to appear not the NGC's. They didn't show up until February or March of 2008. ANACS may have been caught off-guard but not NGC or PCGS. I had been been wondering for a long time why fake slabs hadn't shown up yet. The 1989 fake PCGS slabs showed that it was possible, and the fake ICG shells that were produced in 2002 should have also been a warning. (The fake ICG shells were never used to make fake ICG slabs, they were made by another company to put their product in. Fast action by Cameron Kiefer, myself, and ICG got the other companies product shut down in less than a week. According to ICG the other company had had the fake shells manufactured in China.)
NGC has an answer to some of the counterfitters. The NGC certification verification. Go to the NGC website, simply type in the bar code from your slabbed coin into the online tool, and you will get a photo of your coin, the type of coin, the grade, the date graded/slabbed etc. It's not completely fool-proof, but it at least makes it so that the counter-fitters have to get their hands on an actual NGC slabbed coin, to ensure that the type coin, grade, and bar-code all match. I'm sure it's saved more than a few people from buying slabbed fakes. Best of all, the service is free! Here's the link: http://www.ngccoin.com/MemberPortal/Login.aspx?ReturnUrl=%2fcertlookup%2findex.aspx Here's the link.
Race, where did you find this on NGC? I'm a member, but there is nothing like what you've explained other than cert verification. Chris
And you do have to realize that NGC has only been added the images to the certificate verification for a little over a year. Any coins certified before that time will not have images. (Their images also leave a lot to be desired and in many case are completely worthless as far as determining if the coin you are looking at is really the same coin as that pictured on the NGC website. A good PICTURE of the coin certified is what is needed, not a scan of the whole slab.
