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An examination of the counterfeit slab epidemic. Scope and advice.
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<p>[QUOTE="TypeCoin971793, post: 4182462, member: 78244"]What, the precise definition of “epidemic”? That’s because that specific definition isn’t necessary to convey the rest of the information that is far more important.</p><p><br /></p><p><br /></p><p><br /></p><p>I’m specifically talking about “deals”, or coins that are significantly underpriced (gold $20 for $500 or 1794 dollar for $200 etc.). Those have an extremely high risk of being a counterfeit slab.</p><p><br /></p><p>As I said, at least half of all collectors are completely unaware that fake slabs are a thing.</p><p><br /></p><p><br /></p><p><br /></p><p>If a beginner was given the choice between a raw 1798 dollar and a slabbed one, which would they choose, regardless of the fact that both are counterfeit?</p><p><br /></p><p><br /></p><p><br /></p><p>Coins will have dozens of contact marks and different toning patterns that make them uniquely identifiable. No matter how hard the counterfeiter tries, it will never be exactly right (except for the limitations given in my original post).</p><p><br /></p><p>If you are saying that the latest NGC cert numbers can still be compromised, that is a given. Heritage can still be data-mined without limitation. That’s why it is important to have verification techniques available. I never said nor tried to imply that modern NGC slabs cannot be compromised, so I do not know why you are trying to make it sound like I did.</p><p><br /></p><p><br /></p><p><br /></p><p>They’ve done that, but it was never exact. Pictures of the genuine coin showed that beyond any doubt.</p><p><br /></p><p><br /></p><p><br /></p><p>I did mention this, and I said that comparing to the provided photos can uniquely identify the coin and verify the slab, which helps alleviate the severity of the problem. I even described limitations to this as well.</p><p><br /></p><p><br /></p><p><br /></p><p>[USER=93371]@Jack D. Young[/USER] already did. We try to kill them off when they pop up.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 4182462, member: 78244"]What, the precise definition of “epidemic”? That’s because that specific definition isn’t necessary to convey the rest of the information that is far more important. I’m specifically talking about “deals”, or coins that are significantly underpriced (gold $20 for $500 or 1794 dollar for $200 etc.). Those have an extremely high risk of being a counterfeit slab. As I said, at least half of all collectors are completely unaware that fake slabs are a thing. If a beginner was given the choice between a raw 1798 dollar and a slabbed one, which would they choose, regardless of the fact that both are counterfeit? Coins will have dozens of contact marks and different toning patterns that make them uniquely identifiable. No matter how hard the counterfeiter tries, it will never be exactly right (except for the limitations given in my original post). If you are saying that the latest NGC cert numbers can still be compromised, that is a given. Heritage can still be data-mined without limitation. That’s why it is important to have verification techniques available. I never said nor tried to imply that modern NGC slabs cannot be compromised, so I do not know why you are trying to make it sound like I did. They’ve done that, but it was never exact. Pictures of the genuine coin showed that beyond any doubt. I did mention this, and I said that comparing to the provided photos can uniquely identify the coin and verify the slab, which helps alleviate the severity of the problem. I even described limitations to this as well. [USER=93371]@Jack D. Young[/USER] already did. We try to kill them off when they pop up.[/QUOTE]
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An examination of the counterfeit slab epidemic. Scope and advice.
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