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1895 P Morgan Dollar PCGS PR63
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<p>[QUOTE="medoraman, post: 1576042, member: 26302"]I have to agree with the others. I find it most likely that since this coin sold just a couple of months ago the fake slabbers had easier access to the serial number and knocked off a fake slab. The guy knows it. If he obviously KNOWS the rarity, (hence the asking price), why wouldn't he KNOW how much its worth, and KNOW there are places coin owners can go to borrow large amounts of money on a coin short notice. Since we know he knows the value, we are assured he knows the rest, so the only reason he is selling cheap is he also KNOWS its a fake.</p><p><br /></p><p>As an aside, I do not think I would wager $7500 that a LCS can always spot a fake slab. You would be taking a huge risk, since if it turned out fake you hadn't bought from them so they aren't liable. At least one or two of the latest fake slabs have been in dealer inventories, I think you are overestimating many dealers if you believe all of them could tell a fake slab from a real one. The fakes are getting better, and the huge downside to slabs is if a coin is slabbed its much harder to identify it as a fake. Hence, fake slabs make manufacturers of fake coins life easier.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1576042, member: 26302"]I have to agree with the others. I find it most likely that since this coin sold just a couple of months ago the fake slabbers had easier access to the serial number and knocked off a fake slab. The guy knows it. If he obviously KNOWS the rarity, (hence the asking price), why wouldn't he KNOW how much its worth, and KNOW there are places coin owners can go to borrow large amounts of money on a coin short notice. Since we know he knows the value, we are assured he knows the rest, so the only reason he is selling cheap is he also KNOWS its a fake. As an aside, I do not think I would wager $7500 that a LCS can always spot a fake slab. You would be taking a huge risk, since if it turned out fake you hadn't bought from them so they aren't liable. At least one or two of the latest fake slabs have been in dealer inventories, I think you are overestimating many dealers if you believe all of them could tell a fake slab from a real one. The fakes are getting better, and the huge downside to slabs is if a coin is slabbed its much harder to identify it as a fake. Hence, fake slabs make manufacturers of fake coins life easier.[/QUOTE]
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