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1881-CC “Morgan” $’s- a near epidemic!
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<p>[QUOTE="calcol, post: 12075902, member: 77639"]What will happen is that for heavily counterfeited slabs, dealers and auction houses and hopefully, collectors will buy only "chipped" slabs and use readers connected to the net to verify the slab. Duplication of a chip ID requires electronics and encryption knowledge and equipment far beyond what's available to counterfeiters. So far, only PCGS is chipping their slabs and only a small percentage of those on the market are chipped. As slab counterfeiting becomes more prevalent, more folks will send in coins for reslabbing in order to get a chipped slab. Otherwise, they may have a hard time selling their coins.</p><p><br /></p><p>I submitted a letter to Coin World in 2015 suggesting that TPGs should chip their slabs. Got a mealy-mouth reply that they couldn't publish it because there were so many letters in line ahead of mine to be published. Real reason was they were developing their own slab chip system, which is now a nothing because PCGS is doing it. Hopefully, NGC will start soon.</p><p><br /></p><p>The slab chip ID has advantages beyond verifying the validity of a slab. It can simplify inventory control and help prevent theft in coin stores and shows.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 12075902, member: 77639"]What will happen is that for heavily counterfeited slabs, dealers and auction houses and hopefully, collectors will buy only "chipped" slabs and use readers connected to the net to verify the slab. Duplication of a chip ID requires electronics and encryption knowledge and equipment far beyond what's available to counterfeiters. So far, only PCGS is chipping their slabs and only a small percentage of those on the market are chipped. As slab counterfeiting becomes more prevalent, more folks will send in coins for reslabbing in order to get a chipped slab. Otherwise, they may have a hard time selling their coins. I submitted a letter to Coin World in 2015 suggesting that TPGs should chip their slabs. Got a mealy-mouth reply that they couldn't publish it because there were so many letters in line ahead of mine to be published. Real reason was they were developing their own slab chip system, which is now a nothing because PCGS is doing it. Hopefully, NGC will start soon. The slab chip ID has advantages beyond verifying the validity of a slab. It can simplify inventory control and help prevent theft in coin stores and shows. Cal[/QUOTE]
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1881-CC “Morgan” $’s- a near epidemic!
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