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An examination of the counterfeit slab epidemic. Scope and advice.
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<p>[QUOTE="Marshall, post: 4157234, member: 21705"]One thing to consider is the percentage of Fakes discovered vs the percentage of fakes out there. I believe the percentage discovered is similar to the percentage of coins which survive vs coins minted (~2%). </p><p><br /></p><p>It is a simple guess without a meticulous survey, but there are many fakes in collections which are unknown at this time. My guess is based on my own experience of the number of fakes I see while perusing eBay for Large Cent varieties. I discover some rare unattributed authentic coins, some poor fakes and some fakes that would get by me if not for the work of people like Jack Young and the OP. </p><p><br /></p><p>If the OP, which I've dealt with numerous times, thinks I might be biased because of my narrow specialization in Early Large Cents, he could very well be right. I really do not normally spend much time looking outside of this narrow field of interest.</p><p><br /></p><p>But let me throw this out there too. Many of these fakes are not known to be fakes by the seller. They were unknowing victims from earlier and these have been in their collection or inventory while they are unaware of their being Fake/Counterfeit. I suspect counterfeit slabs are similar. But until there is better analysis, anecdotal estimates based on numbers of those skilled in identifying them will have to suffice.[/QUOTE]</p><p><br /></p>
[QUOTE="Marshall, post: 4157234, member: 21705"]One thing to consider is the percentage of Fakes discovered vs the percentage of fakes out there. I believe the percentage discovered is similar to the percentage of coins which survive vs coins minted (~2%). It is a simple guess without a meticulous survey, but there are many fakes in collections which are unknown at this time. My guess is based on my own experience of the number of fakes I see while perusing eBay for Large Cent varieties. I discover some rare unattributed authentic coins, some poor fakes and some fakes that would get by me if not for the work of people like Jack Young and the OP. If the OP, which I've dealt with numerous times, thinks I might be biased because of my narrow specialization in Early Large Cents, he could very well be right. I really do not normally spend much time looking outside of this narrow field of interest. But let me throw this out there too. Many of these fakes are not known to be fakes by the seller. They were unknowing victims from earlier and these have been in their collection or inventory while they are unaware of their being Fake/Counterfeit. I suspect counterfeit slabs are similar. But until there is better analysis, anecdotal estimates based on numbers of those skilled in identifying them will have to suffice.[/QUOTE]
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An examination of the counterfeit slab epidemic. Scope and advice.
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