Counterfeit NGC Slabs

Words of Wisdom indeed... ANACS, NGC, PCGS, CAC, ICG, PCI, SGS, etc., aren't going to do much of anything about this it seems, and as we all know collector education is the key. But education takes time and time is something the up and coming young professional doesn't like to exert when they can hire someone else to do it for them... VOLA... that's one of the reasons the TPGs came into existence in the first place. To provide that knowledge/assurance to those with LOTS of disposable income who also wanted to build top-notch collections with minimum of effort...

Seems, nobody wants to start at the bottom any more and work their way to the top anymore. This is true in collecting coins as well...

Happy New Year
Ben

 

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Perhaps I am just confident in my grading process. The graders at any grading service look at hundreds if not thousands of coins a day making haste and mistakes and overgrading inevitable. I have the luxury of looking at as few or as many coins as I feel comfortable looking at with no pressure or quota or customer satisfaction to hinder mt perspectives. Not saying the graders aren't professional in every aspect, but with the growing demand for grading services and the sheer number of coins being submitted, not even the best of the best are anywhere close to being consistent in grading most of the time.

In short, for my coins, yes, my grading is better, as grade is opinion, not science. If it were a standard set of rules and logic, there wouldn't be a need for more than one grading service and nobody would question the grade of any coin.
Guy~

 

Well, if your own personal system is based on opinion without standard rules or logic, then you are correct that no TPG will match your results.

 

Well, that might be a benefit of buying directly from the mint. Then sending them off for grading. It sure eliminates any question marks about forged coins in your collection. At least for the modern issues anyway!

 

And here I thought that slabs were the only thing countefeitted...

http://www.powerpro.com/press/news/details.asp?PP_PRESS_NEWS_ID=23

It seems the Chineese have been busy.

 

Ya think thats bad?

http://www.autoblog.com/2007/08/27/bmw-joins-smart-in-threatening-copy-cat-chinese/

 

I've seen some modern commemoratives that almost all grade a PF70. And they sell for huge premiums over the raw coins. In that instance it would be cheaper to purchase the raw coin, then send it for grading yourself. You have to watch out for cherry picked coins though, which may have already graded a PF69 and is being resold as a raw coin. A modern issue that grades poorly(a 2001 Sacagawea proof for example- about 1 in every 8.5 coins grading a PF70) is much cheaper to buy already graded. Thats my take anyway!