Counterfeit PCGS Slab at local show.

RedRaider · Jul 16, 2013

Also, in addition to the "bold N" reverse, the last feather tip points between the C and A in AMERICA, something that was not done until 1886.

I pointed this out to a dealer who had a fake 1869 indian head for sale, thinking it was real. The dealer took the coin, looked at it, said he would investigate it. I saw him at a show 2 months later with the same coin for sale for $300.

Cant stress enough how important it is to find a dealer you can trust.

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GDJMSP · Jul 16, 2013

mikenoodle said: ↑

Doug:

You have missed the other possible solution. It says trust nobody and verify for yourself. Learn what you're buying and know how to tell the genuine from the counterfeit and grade it as you like.
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I'm all for it Mike, but it usually takes a lifetime to do that. So while you are doing that, only buy from trusted and respected dealers

ToughCOINS · Jul 16, 2013

The coin is an obvious fake, but the holder looks pretty darned good to me.

quarter-back said: ↑

I understand the concerns with fake coins and, even worse, fake slabs. However, the attempts to counter-act the fake slabs actually may be enhancing the problem. It seems that about once a month someone comes out with a new slab style. Unfortunately, all of the variations just make them easier to counterfeit. Unless one is an expert in slabs, it is difficult to know which slabs may be counterfeits, and which may just be the latest thing that will "eliminate" the problem. It is far easier to fake a slab than it is to fake a coin. Look how many bad coins are purchased because the number checked out. In my opinion, the TPGs should pick a slab style and just stick to it, and then focus on getting hi-quality images of the coins. The vast majority of pre-modern coins can be identified by die markers such a mintmark position and shape, re-engraving patterns (very much overlooked in my opinion), die scratches, etc. I would rather buy a coin that could be identified by die variations than pay for a coin where I have to rely on identifying a real slab. My 1909-S Lincoln was purchased raw based on the repunched mintmark. The TPGs would better serve the community and probably enhance their value by putting hi-res images on their web sites. Server space has got to be cheaper that slab re-design. Given the ubiquity of cell-phones with web capabilities, nearly anyone could check a coin in minutes. That's my two-cent piece worth.
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ToughCOINS · Jul 16, 2013

Good post. Alternatively, if we all took the time to be better students of the coins we buy, there would be little problem with counterfeiting slabs . . . in fact, there'd be little need for slabs at all.

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Counterfeit PCGS Slab at local show.

RedRaider Well-Known Member

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Counterfeit PCGS Slab at local show.

RedRaider Well-Known Member

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