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Do the top grading companies ever make a mistake on the authenticity of a coin?
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<p>[QUOTE="GDJMSP, post: 1398057, member: 112"]As noted, yes the TPGs make mistakes and slab counterfeits as authentic coins. Most folks think of US coins when this subject comes up, but it is my belief that most of the mistakes actually occur with world coins. NGC for example has slabbed several examples of Netherlands ducats as being genuine when they are most definitely Russian counterfeits. </p><p><br /></p><p>But it doesn't happen all that often when you take into account the total number of coins they have slabbed. Combined, NGC and PCGS have slabbed over 25 million coins. And even if the total number of slabbed counterfeits were say 2,500 coins, (and I don't think the number even approaches that), that would be 0.0001%. </p><p><br /></p><p>So anybody that is right 99.999% of the time - has a pretty dang good record.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1398057, member: 112"]As noted, yes the TPGs make mistakes and slab counterfeits as authentic coins. Most folks think of US coins when this subject comes up, but it is my belief that most of the mistakes actually occur with world coins. NGC for example has slabbed several examples of Netherlands ducats as being genuine when they are most definitely Russian counterfeits. But it doesn't happen all that often when you take into account the total number of coins they have slabbed. Combined, NGC and PCGS have slabbed over 25 million coins. And even if the total number of slabbed counterfeits were say 2,500 coins, (and I don't think the number even approaches that), that would be 0.0001%. So anybody that is right 99.999% of the time - has a pretty dang good record.[/QUOTE]
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