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An examination of the counterfeit slab epidemic. Scope and advice.
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<p>[QUOTE="TypeCoin971793, post: 4145080, member: 78244"]Major auction houses represent a very, very small fraction of the whole coin market, and are made up of experts of the highest caliber. This is like saying modern counterfeiting is not a problem because few are seen at a coin show. Yet you have to admit that the influx of Chinese fakes have done damage to collectors and the hobby as a whole. Counterfeit slabs are no different. More and more are getting introduced into the market every day. Saturation levels might not be worrisome to you today, but how about 5 years from now?</p><p><br /></p><p>eBay, flea markets, etc. do not have expert filters, and fake slabs are far more prevalent there than you would like to admit. To a novice, they would not be able to tell, and if there is no way to verify the coin inside as legit, then they would be none the wiser.</p><p><br /></p><p>The grading services aim to protect collectors of all levels of experience, particularly the ones with low experience/knowledge. However, PCGS’ decisions have put those very people at risk.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 4145080, member: 78244"]Major auction houses represent a very, very small fraction of the whole coin market, and are made up of experts of the highest caliber. This is like saying modern counterfeiting is not a problem because few are seen at a coin show. Yet you have to admit that the influx of Chinese fakes have done damage to collectors and the hobby as a whole. Counterfeit slabs are no different. More and more are getting introduced into the market every day. Saturation levels might not be worrisome to you today, but how about 5 years from now? eBay, flea markets, etc. do not have expert filters, and fake slabs are far more prevalent there than you would like to admit. To a novice, they would not be able to tell, and if there is no way to verify the coin inside as legit, then they would be none the wiser. The grading services aim to protect collectors of all levels of experience, particularly the ones with low experience/knowledge. However, PCGS’ decisions have put those very people at risk.[/QUOTE]
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An examination of the counterfeit slab epidemic. Scope and advice.
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