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An examination of the counterfeit slab epidemic. Scope and advice.
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<p>[QUOTE="TypeCoin971793, post: 4148477, member: 78244"]Exactly. If they simply included pictures, there would be no need for the chips. The QR codes would be sufficient and far more convenient than putting in a serial number and grade like you have to do with NGC slabs.</p><p><br /></p><p><br /></p><p><br /></p><p>You do not need to to have technically complex slabs when pictures are provided to verify the coin in the slab. Making the slabs more technologically complex is just a bandaid fix that only makes things more expensive. But it sure is nice to say you have the most technologically-advanced slab on the market doesn’t it? It is moot if someone gets burned because they trusted the PCGS name so much that they bought a fake slab with the same serial number as the technologically-advanced slab without any way to verify it. Sure go ahead and criticize them for not knowing the difference. That shows where your agenda really lies.</p><p><br /></p><p>Also, I have criticized NGC for their shortcomings, and I have admitted that PCGS could make simple changes to their system that would make them superior to NGC. If PCGS chooses not to do those things, whose fault is that?</p><p><br /></p><p>I stated objective facts and laid out all the deficiencies of both companies that can cause a brand new inexperienced collector to be burned. PCGS just happens to have more, plain and simple. Case closed.</p><p><br /></p><p><br /></p><p><br /></p><p>Oh, and I just thought of another deficiency with NGC’s system. By having pics of the slab, the counterfeiter can copy the label from the image and print it out to put in the fake holder (which I believe has been done, but I cannot confirm for sure). This can make it difficult to distinguish a fake label from a real label if the print quality is superb. If PCGS posted just close-up shots of just the coin in their cert verification pages, boom, a loose end tied that will make their slab security better than that of NGC. One can only hope.</p><p><br /></p><p><br /></p><p><br /></p><p>Ah putting untrue words in my mouth. The classic defense tactic when one has nothing constructive to stand on.</p><p><br /></p><p>In case you haven’t noticed, I edited the title to make it sound less anti-PCGS. The facts and subsequent conclusions remain the same, as they should.</p><p><br /></p><p><br /></p><p><br /></p><p>“Corrected?” All you have done is play down the threat and try to say that slab technology is the best and only way to rectify the problem. </p><p><br /></p><p>My position is that, for the new/unknowledgable collector, <b><i>any</i></b> deficiency in the security of the slab and ability to verify it is dangerous. The grading services exist to protect those very people from unscrupulous dealers, yet the introduction of counterfeit slabs puts them in danger again. Any attempt to drastically reduce the danger to these collectors gets my praise. Any ineffective “solutions” get my contempt.</p><p><br /></p><p>I have also repeatedly and clearly explained how slab technology alone does not adequately fix the problem, nor does it do anything to fix the problems associated with the slabs that have the “old” technology. The chips aren’t magically retrofitted to old slabs unless sent in to be reholdered. Images of the coins in old slabs do not magically appear unless sent in to be TrueViewed. I am truly hopeful that PCGS will rectify its deficiencies and make its future slabs have foolproof security that will be superior to everything on the market. However, those millions of old “unverifiable” PCGS slabs are where the danger truly lies for new collectors.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 4148477, member: 78244"]Exactly. If they simply included pictures, there would be no need for the chips. The QR codes would be sufficient and far more convenient than putting in a serial number and grade like you have to do with NGC slabs. You do not need to to have technically complex slabs when pictures are provided to verify the coin in the slab. Making the slabs more technologically complex is just a bandaid fix that only makes things more expensive. But it sure is nice to say you have the most technologically-advanced slab on the market doesn’t it? It is moot if someone gets burned because they trusted the PCGS name so much that they bought a fake slab with the same serial number as the technologically-advanced slab without any way to verify it. Sure go ahead and criticize them for not knowing the difference. That shows where your agenda really lies. Also, I have criticized NGC for their shortcomings, and I have admitted that PCGS could make simple changes to their system that would make them superior to NGC. If PCGS chooses not to do those things, whose fault is that? I stated objective facts and laid out all the deficiencies of both companies that can cause a brand new inexperienced collector to be burned. PCGS just happens to have more, plain and simple. Case closed. Oh, and I just thought of another deficiency with NGC’s system. By having pics of the slab, the counterfeiter can copy the label from the image and print it out to put in the fake holder (which I believe has been done, but I cannot confirm for sure). This can make it difficult to distinguish a fake label from a real label if the print quality is superb. If PCGS posted just close-up shots of just the coin in their cert verification pages, boom, a loose end tied that will make their slab security better than that of NGC. One can only hope. Ah putting untrue words in my mouth. The classic defense tactic when one has nothing constructive to stand on. In case you haven’t noticed, I edited the title to make it sound less anti-PCGS. The facts and subsequent conclusions remain the same, as they should. “Corrected?” All you have done is play down the threat and try to say that slab technology is the best and only way to rectify the problem. My position is that, for the new/unknowledgable collector, [B][I]any[/I][/B] deficiency in the security of the slab and ability to verify it is dangerous. The grading services exist to protect those very people from unscrupulous dealers, yet the introduction of counterfeit slabs puts them in danger again. Any attempt to drastically reduce the danger to these collectors gets my praise. Any ineffective “solutions” get my contempt. I have also repeatedly and clearly explained how slab technology alone does not adequately fix the problem, nor does it do anything to fix the problems associated with the slabs that have the “old” technology. The chips aren’t magically retrofitted to old slabs unless sent in to be reholdered. Images of the coins in old slabs do not magically appear unless sent in to be TrueViewed. I am truly hopeful that PCGS will rectify its deficiencies and make its future slabs have foolproof security that will be superior to everything on the market. However, those millions of old “unverifiable” PCGS slabs are where the danger truly lies for new collectors.[/QUOTE]
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An examination of the counterfeit slab epidemic. Scope and advice.
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