Discussion in 'US Coins Forum' started by Garlicus, Jun 14, 2019.
thank you very much for the reply
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Junk silver coins have none of the risks - the worst that you can get is slick or bent coins, but they're still 90% silver - buy a bogus 'gold' coin and you're out of luck (unless you recognize the fake immediately and can get your $$ back)
The really kick in the butt is counterfeit gold coins in counterfeit holders. That's why you buy from whom you trust.
The PCGS company has NEVER SEEN this counterfeit gold thing or THIS slab. The crook took a real serial number and placed on his creation to fool you. It's easy to do.
Slabs and valid serial numbers ARE NOT going to protect you from these scams. You have to be able to spot the bad coins in the fake slab. If you are even more experienced, you will see that the slab is a fake as well.
It says buy me, stupid!
As johnmilton said PCGS has never seen that thing in hand. The counterfeiter made the fake coin and then went to someplace like say Heritage auction archive and searched for double eagles with that date and mintmark. Probably dozens or even hundreds of examples came up. Copy the serial number off the genuine slab and put that number on the fake label you print up. You now have what looks like a PCGS slabbed coin with a serial number that will verify on the PCGS database. And since the database has relatively few images a potential buyer can't see on the database that the coin in the real slab does not match the coin in the fake slab. This is one of the reasons there are a lot more fake PCGS slabs than NGC slabs. NGC has put the images of every coin they have graded in the past 12+ years on their database. So you can not only make sure the serial number matches, you can make sure the coin matches as well.
Hello @ToughCOINS - your explanation really peaked by interest. Is there anyway you can link me to graphics or other educational media which would provide an explanation about ejector pins and injection molding tools? Thanks for your help.
actually have to looks at the coins now. It is sad that I even have to say that.
Some tips for avoiding fake coins in fake slabs:
1. Does the coin match the grade (ie within 2 grade intervals of what it should be)? A VF won’t be in an AU slab, and an MS-65 won’t be in an AU slab. Sure, “mechanical errors” can exist, but those are rare for grades, and the TPGs would never intentionally make a mistake like that.
2. Does the coin itself have any diagnostics of fake coins? For example, on this one, the rims are fat and the relief is too low.
3. Is the holder style correct? This includes the plastic structure, the label, and the gasket holding the coin.
4. Verify the serial number. NGC pictures all of their coins, and PCGS has some trueviews. Most of these fake slabs are pulled from genuine ones on the internet, usually from Heritage and Great Collections.
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