Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
An examination of the counterfeit slab epidemic. Scope and advice.
>
Reply to Thread
Message:
<p>[QUOTE="Seattlite86, post: 4182186, member: 59737"]How on earth did you come to this conclusion? What I said was: there's a clear cut definition for epidemic, which I do not feel 10 years of almost negligible impact on the hobby to count. I also said that if we are going to accept the definition of epidemic that you and these two sites you rushed to google, then everything is an epidemic and thus nothing is. So, not sure where you somehow found that to be a compliment to you.</p><p><br /></p><p>Also, you published your article before even researching these things, or at best failed to cite them at all until days later. Confirmation bias, pure and simple.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Looks like we are back to the actual facts: you have no idea and thus shouldn't be attempting to label anything an epidemic and frighten people away from buying from an extremely reputable TPG. You lack the basic information required to come to any sort of conclusion</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>What is "high risk"? Quantify that, please. There are at present over 20,000 PCGS graded Morgan dollars on ebay. What percentage of those do you estimate to be fakes? How high of a risk do I have buying them on Ebay?</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>You think there's a higher chance of buying a fake slab than a raw fake?! This is purely based on your premise that new collectors will only buy slabs, which I wholly reject. Your argument perhaps sounds reasonable if we accept a bunch of unfounded and extremely narrowed claims, but they don't hold up to scrutiny.</p><p><br /></p><p><br /></p><p>Of course I would agree to this, but let's remove one part of it and try again. If the seller is not reputable/established, and the buyer is not confident in their authentication abilities, then they should consider not buying the coin, even if it's in a slab.</p><p><br /></p><p>No seasoned collector would tell a new collector "don't worry it's in an NGC slab, it's perfectly safe, because no one could ever counterfeit an NGC coin". I pray you don't give that advice to anyone. Just because it has a photo and it is harder to get the cert number, doesnt mean it's impossible. NGC only recently made it harder to data mine, leaving tens of millions of coins potentially already mined. Also, what's to stop them from making a coin "close enough" copy of a coin in a slab they have the cert number for? This isnt out if the realm of possibility.</p><p><br /></p><p>As far as I see it, PCGS has created the most secure method currently available with gold shield. You can probably agree to that.</p><p><br /></p><p><br /></p><p>You should've not only done this, but gone further and admitted that current NGC slabbed coins can still be counterfeited.[/QUOTE]</p><p><br /></p>
[QUOTE="Seattlite86, post: 4182186, member: 59737"]How on earth did you come to this conclusion? What I said was: there's a clear cut definition for epidemic, which I do not feel 10 years of almost negligible impact on the hobby to count. I also said that if we are going to accept the definition of epidemic that you and these two sites you rushed to google, then everything is an epidemic and thus nothing is. So, not sure where you somehow found that to be a compliment to you. Also, you published your article before even researching these things, or at best failed to cite them at all until days later. Confirmation bias, pure and simple. Looks like we are back to the actual facts: you have no idea and thus shouldn't be attempting to label anything an epidemic and frighten people away from buying from an extremely reputable TPG. You lack the basic information required to come to any sort of conclusion What is "high risk"? Quantify that, please. There are at present over 20,000 PCGS graded Morgan dollars on ebay. What percentage of those do you estimate to be fakes? How high of a risk do I have buying them on Ebay? You think there's a higher chance of buying a fake slab than a raw fake?! This is purely based on your premise that new collectors will only buy slabs, which I wholly reject. Your argument perhaps sounds reasonable if we accept a bunch of unfounded and extremely narrowed claims, but they don't hold up to scrutiny. Of course I would agree to this, but let's remove one part of it and try again. If the seller is not reputable/established, and the buyer is not confident in their authentication abilities, then they should consider not buying the coin, even if it's in a slab. No seasoned collector would tell a new collector "don't worry it's in an NGC slab, it's perfectly safe, because no one could ever counterfeit an NGC coin". I pray you don't give that advice to anyone. Just because it has a photo and it is harder to get the cert number, doesnt mean it's impossible. NGC only recently made it harder to data mine, leaving tens of millions of coins potentially already mined. Also, what's to stop them from making a coin "close enough" copy of a coin in a slab they have the cert number for? This isnt out if the realm of possibility. As far as I see it, PCGS has created the most secure method currently available with gold shield. You can probably agree to that. You should've not only done this, but gone further and admitted that current NGC slabbed coins can still be counterfeited.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
An examination of the counterfeit slab epidemic. Scope and advice.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...