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<p>[QUOTE=&quot;gxseries, post: 2170334, member: 4373&quot;]My question is this - how sustainable is for graders to continue offering 100% full refund service for counterfeit coins that are guaranteed as genuine? Granted, this would be a lack of knowledge which would be the reason why they were authenticated as such. </p><p><br /></p><p>Previously a lot of the &#039;excellent&#039; counterfeits were caught by pure luck or due diligence such as a huge batch of them appeared for authenticity and they had similar condition or similar tell signs. The Micro O dollar comes to mind. Counterfeiters aren&#039;t fools either - they have learned their lesson and not to send a huge batch of them at the same time.</p><p><br /></p><p>Both NGC and PCGS already offer excellent photography service at an optional service. While it is not cheap, let&#039;s say we are talking about coins that&#039;s at least $1000 and up. I believe that this is already a wealth of information which can be used. </p><p><br /></p><p>There are two major problems with counterfeits - the biggest one being raw counterfeits and counterfeit slabs. For a general consumer to not able to determine a counterfeit slab essentially kills the purpose of why one would want to have a coin graded in the first place. This would ruin graders&#039; credibility. What this solution does is to eliminate counterfeit slabs as the coins have already been verified. Unless counterfeiters start to employ hackers to upload their images into the database, this seem to be pretty hard to break if it claims to work as such. </p><p><br /></p><p>Agreed - this will cost more but I believe over time, prices will fall to a reasonable level. Again, I don&#039;t think this is the solution to everything. Counterfeits are being churned out by the second. There are already millions lost due to counterfeits. Why can&#039;t this millions be used to create new technology to thwart counterfeits. There is a strong need for solutions and I believe sitting back and doing nothing about it is probably the worst option.[/QUOTE]</p><p><br /></p>

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