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An examination of the counterfeit slab epidemic. Scope and advice.
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<p>[QUOTE="TypeCoin971793, post: 4178999, member: 78244"]So, what you are saying is that you admit that I am not a fraud since an established and well-respected agency showed that my definition for “epidemic” might be legitimate?</p><p><br /></p><p><br /></p><p><br /></p><p>It was to show what 2.5% saturation would look like. I never said it was fact. I only said it wasn’t unreasonable. I based that on the size of the Chinese counterfeiting operation, which was linked in the earlier discussion.</p><p><br /></p><p><br /></p><p><br /></p><p>I stated that “few ten thousand” was a low end estimate and that it could be low by one or two orders of magnitude. There is no way to know. I think 1.5 million fake slabs is at the very top end of the estimate, and that it in reality is much lower.</p><p><br /></p><p><br /></p><p><br /></p><p>Beginners are told to buy certified coins for authenticity and market acceptability reasons. They would be more inclined to buy a slab than a raw coin. If they are looking for deals on the internet, they are almost certainly at high risk of buying fake slabs, and they are more likely to commit to purchasing the slabbed fake than the raw fake. </p><p><br /></p><p>However, fake raw coins are far more numerous than fake slabbed coins, so fake raw coins would be encountered more often.</p><p><br /></p><p><br /></p><p><br /></p><p>I gave very specific circumstances. If the seller is not reputable/established, the slab cannot be photo-verified, and the buyer is not confident in their authentication abilities, then they should consider not buying the coin. You can probably agree with that. If it wasn’t clear in the original writing, I made it clear in the subsequent discussion. </p><p><br /></p><p>Admittedly I should have also stated old-style NGC slabs were potentially dangerous as well.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 4178999, member: 78244"]So, what you are saying is that you admit that I am not a fraud since an established and well-respected agency showed that my definition for “epidemic” might be legitimate? It was to show what 2.5% saturation would look like. I never said it was fact. I only said it wasn’t unreasonable. I based that on the size of the Chinese counterfeiting operation, which was linked in the earlier discussion. I stated that “few ten thousand” was a low end estimate and that it could be low by one or two orders of magnitude. There is no way to know. I think 1.5 million fake slabs is at the very top end of the estimate, and that it in reality is much lower. Beginners are told to buy certified coins for authenticity and market acceptability reasons. They would be more inclined to buy a slab than a raw coin. If they are looking for deals on the internet, they are almost certainly at high risk of buying fake slabs, and they are more likely to commit to purchasing the slabbed fake than the raw fake. However, fake raw coins are far more numerous than fake slabbed coins, so fake raw coins would be encountered more often. I gave very specific circumstances. If the seller is not reputable/established, the slab cannot be photo-verified, and the buyer is not confident in their authentication abilities, then they should consider not buying the coin. You can probably agree with that. If it wasn’t clear in the original writing, I made it clear in the subsequent discussion. Admittedly I should have also stated old-style NGC slabs were potentially dangerous as well.[/QUOTE]
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An examination of the counterfeit slab epidemic. Scope and advice.
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