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Do NGC or PCGS ever use XRF machines for coin authentication?
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<p>[QUOTE="Gam3rBlake, post: 7930151, member: 115909"]I’m guessing he means the best <i>consumer grade </i>XRF machines.</p><p><br /></p><p>Like one of the Olympus ones. They cost about $13,000 which most people couldn’t afford but PCGS & NGC most definitely could. Especially if it means it helps them avoid fakes considering they guarantee authenticity.</p><p><br /></p><p>There are a lot of coins worth over $13,000 and if a fake one got by and got slabbed they would be responsible for reimbursing the person who bought it for the fair market value of the coin and it would be a disaster if it was an expensive coin like that.</p><p><br /></p><p>I’m also guessing (I can’t say for sure though) that they spend more time & resources on the expensive stuff specifically to prevent such situations.</p><p><br /></p><p>For example they probably don’t spend much time on say a PF67 1955 Roosevelt Dime since if they mess up it’s only like $30 to reimburse but if it’s something like an AU58 1893 S Morgan Dollar and they screw up it would be a catastrophic disaster for them since they’d be on the hook for ~$95,000 owed to the customer for their mistake.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 7930151, member: 115909"]I’m guessing he means the best [I]consumer grade [/I]XRF machines. Like one of the Olympus ones. They cost about $13,000 which most people couldn’t afford but PCGS & NGC most definitely could. Especially if it means it helps them avoid fakes considering they guarantee authenticity. There are a lot of coins worth over $13,000 and if a fake one got by and got slabbed they would be responsible for reimbursing the person who bought it for the fair market value of the coin and it would be a disaster if it was an expensive coin like that. I’m also guessing (I can’t say for sure though) that they spend more time & resources on the expensive stuff specifically to prevent such situations. For example they probably don’t spend much time on say a PF67 1955 Roosevelt Dime since if they mess up it’s only like $30 to reimburse but if it’s something like an AU58 1893 S Morgan Dollar and they screw up it would be a catastrophic disaster for them since they’d be on the hook for ~$95,000 owed to the customer for their mistake.[/QUOTE]
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Do NGC or PCGS ever use XRF machines for coin authentication?
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