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A new buying philosophy--only significant pedigreed coins
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<p>[QUOTE="RedTiger, post: 641736, member: 19098"]While I wouldn't go as far as the thread originator, I agree that counterfeits are a serious and growing concern. At some point it may cause me to leave the hobby. At the moment, there is a long and growing list of coins that I will not buy, slabbed or raw, from unknown sellers on Ebay.</p><p><br /></p><p>For a couple of decades, the major grading companies have been a good defense against fakes. What has changed recently is that there are now fake slabs as well. That makes for a multi-threat:</p><p>1) fake coins being sent into the grading companies and passing muster</p><p>2) fake coins being put into fake slabs</p><p>3) real coins placed in fake slabs at a higher grade</p><p><br /></p><p>Fakes coins and fake slabs are being sold openly on Ebay and other venues. A few are found and caught, many likely find new homes with unsuspecting victims. Some of the fake slabs are discovered because the fakes have minor flaws in font or spacing. Those kind of mistakes are easy to correct and likely have already been fixed for current production runs.</p><p><br /></p><p>There was a magazine article about high quality fakes offered at a major show. More than half the dealers were willing buyers. Many that refused the coins were tipped off as word got around the bourse that there was a test being done.[/QUOTE]</p><p><br /></p>
[QUOTE="RedTiger, post: 641736, member: 19098"]While I wouldn't go as far as the thread originator, I agree that counterfeits are a serious and growing concern. At some point it may cause me to leave the hobby. At the moment, there is a long and growing list of coins that I will not buy, slabbed or raw, from unknown sellers on Ebay. For a couple of decades, the major grading companies have been a good defense against fakes. What has changed recently is that there are now fake slabs as well. That makes for a multi-threat: 1) fake coins being sent into the grading companies and passing muster 2) fake coins being put into fake slabs 3) real coins placed in fake slabs at a higher grade Fakes coins and fake slabs are being sold openly on Ebay and other venues. A few are found and caught, many likely find new homes with unsuspecting victims. Some of the fake slabs are discovered because the fakes have minor flaws in font or spacing. Those kind of mistakes are easy to correct and likely have already been fixed for current production runs. There was a magazine article about high quality fakes offered at a major show. More than half the dealers were willing buyers. Many that refused the coins were tipped off as word got around the bourse that there was a test being done.[/QUOTE]
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A new buying philosophy--only significant pedigreed coins
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