. Sorry If I'm posting this in the wrong forum, any help from you fine ladies and gentlemen would be appriciated. I recently purchaced what I was told was 3 "NGC" MS-64 slabbed coins from a friend who needed some cash. I dont believe he would have known if they were conterfeit or not (I hope not anyways). I did purchace them sight unseen (shame on me, last time I do that) because this friend lives in another state and I trusted his judgment. The 1904-O looks legit to me but neither of the other 2 do. I'm sure it would be pretty obvious to you experienced collectors, but since i'm relatively new I wanted to seek advice before figuring out what to do about this. Please be gentle, I realize this was a bonehead move . Thanks you in advance for your help
And you believe they're fake because they're not attributed with a numerical grade? I'm not a user of TPG's, but I think both NGC and PCGS have authentication that doesn't involve numbered grades. It's a lesser expensive alternative, it's used only to prove the coin is genuine. I might be completely wrong, but my counterparts will correct me if so.
The last one looks counterfit. The welds of the sealing on the top of the slab are not unified, i cannot see the dash if it is slanted or not. Read this article; http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=954 The middle one also looks iffy, by the - symbol, its slanted but too narrow in my opinion.
The last one's serial # shows up on NGC's website as a 1921 Morgan S$1 graded "Brilliant Uncirculated". So it is in their database as this. It's possible a fake slab could have been made of this but with the special label I doubt it. This looks like a slab sold on a late night tv coin sales show. Not a common way for them to grade them except for those guys. I'd guess it's real. The counterfeit slabs I've seen were all the normal labels.
Now let's remember that counterfeit slabs also show up in the NGC Database, they just use the same numbers as a true graded piece.
I just thought they were fake because yes there were no grades, and i didnt see that particular label on NGC's website. Thank you all for your commments I appreciate it.
They're all genuine. I've sold many of these in the past. Take my word for it... Or don't. Your choice. -Brian
They all look good to me. The morgans were basically sent in a bulk submission by a dealer. They instructed NGC to grade MS64 + and anything below MS64 was to get graded with simply Brilliant Unciculated.
Why would somebody, even the Chinese, counterfeit a 1921 Morgan? What would be the point when you can get most of them at melt?
It's easy for them to make them. You can get a replica of about any coin you want on ebay. Even cheap ones. I know it's changing this month but it's opened my eyes to how many fakes are potentially out there. Even common silver quarters have been faked.
But then again, on the older ngc style holders, they did use a normal "-", not slanted or anything, and you have the older ones as indicated by the holograms. The only thing that seems fishy is sealing marks on the last one at the top of the slab.
To the best of my knowledge, they are real. I know for sure that coins have been slabbed as "Brilliant Uncirculated".
That's not completely true. Many times, dealers will submit bulk lots of coins with instructions to only slab above a certain grade with a numerical grade...the rest are to be slabbed BU. This is pretty common with American Eagles. I have a NGC slabbed $10 AGE that is graded BU. It simply did not make the grade when it was submitted by the bulk submitter. Think about it, which is an easier sell: MS67 AGE or "BU" AGE. BU sounds better...plus, I believe it costs less to have it slabbed.
