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Do TPGs inspect coins sent for reholdering for fake holders?
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<p>[QUOTE="calcol, post: 21703209, member: 77639"]I suspect that some instances where PCGS or NGC supposedly certified a fake coin were really fake coins in fake holders that had been submitted for reholdering. Then the fake coins got genuine holders and were put on the market.</p><p><br /></p><p>More insidious and harder to detect would be when a genuine lower grade coin is put in a fake holder with a higher grade on the label. The coin is then submitted for reholdering and gains a genuine holder. Thus, there is a real coin in a real holder; it’s just the grade that’s wrong. If the crook carefully matches the lower grade coin to an existing certified higher-grade coin, and if the lower grade coin in the fake holder does manage to get reholdered, then the coin is going to fool lots of folks. There are coins where a 1 point increase in grade can increase the market value 5-fold or more.</p><p><br /></p><p>So, it’s important that:</p><p><br /></p><p>1. Folks at TPGs who do reholdering need to be experts in detecting fake slabs.</p><p><br /></p><p>and</p><p><br /></p><p>2. All new holders should have imbedded NFC or other wireless chips. If done in the most sophisticated way, the chips are essentially impossible to duplicate or transfer.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 21703209, member: 77639"]I suspect that some instances where PCGS or NGC supposedly certified a fake coin were really fake coins in fake holders that had been submitted for reholdering. Then the fake coins got genuine holders and were put on the market. More insidious and harder to detect would be when a genuine lower grade coin is put in a fake holder with a higher grade on the label. The coin is then submitted for reholdering and gains a genuine holder. Thus, there is a real coin in a real holder; it’s just the grade that’s wrong. If the crook carefully matches the lower grade coin to an existing certified higher-grade coin, and if the lower grade coin in the fake holder does manage to get reholdered, then the coin is going to fool lots of folks. There are coins where a 1 point increase in grade can increase the market value 5-fold or more. So, it’s important that: 1. Folks at TPGs who do reholdering need to be experts in detecting fake slabs. and 2. All new holders should have imbedded NFC or other wireless chips. If done in the most sophisticated way, the chips are essentially impossible to duplicate or transfer. Cal[/QUOTE]
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