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<p>[QUOTE=&quot;Beefer518, post: 2908172, member: 87737&quot;]Ok, so here&#039;s the deal on this Morgan.</p><p><br /></p><p>I&#039;m not a Morgan guy, but if they are going cheap (not on ebay, live auctions), I&#039;ll grab them. I paid &lt;$50 for it, which is F15-VF20 money, and I felt it was a decent buy.</p><p><br /></p><p>Last month (Oct), I did a 25 coin submission to ANACS on the Fall Insider special, and included this coin. (Cost to have graded and VAM identified was $17.60)</p><p><br /></p><p>Last week I noticed my order status was &quot;Consultant&quot;, which would mean John Roberts was looking into the VAM&#039;s (I had a couple of Morgans submitted).</p><p><br /></p><p>I just got the results from the submission today, and this came back as &quot;VAM-22 N9&quot;. N9 means &#039;not genuine&#039;. It seems that the 1896-O VAM-22 is considered to be a contemporary counterfeit, along with the Mocro-O&#039;s of the same period. However, it seems the NGC considers it to be a genuine coin, as per <a href="https://www.ngccoin.com/news/article/4934/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ngccoin.com/news/article/4934/" rel="nofollow">this article</a>. </p><p><br /></p><p>I don&#039;t know how PCGS handles this VAM, as I haven&#039;t found (or looked very hard) for info on their site. But this has me a bit confused. We have one TPG, with a renowned Morgan expert saying it&#039;s counterfeit, and then we have one of the top 2 TPG&#039;s (NGC) saying it&#039;s a genuine coin.</p><p><br /></p><p>In either case, it seems that the contemporary counterfeits can garner some pretty high premiums, especially if they are in straight slabs (which NGC seems to do with this VAM), from the VAM and counterfeit collectors.</p><p><br /></p><p>So I posted it here to see if I was the only one that couldn&#039;t tell it was a counterfeit, or if I was duped. Normally, if I were to unknowingly buy a counterfeit, I&#039;d be the first in line saying I wanted a refund, but I&#039;m not sure in this case whether to a) submit to NGC, b) get my money back (good auction house, very fair, and it would be no trouble), or c) just keep it.</p><p><br /></p><p>What would you advise?[/QUOTE]</p><p><br /></p>

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