Fake PCGS label?

Discussion in 'Coin Chat' started by Legoman1, Nov 8, 2018 at 1:05 AM.

  1. Legoman1

    Legoman1 Active Member

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  3. paddyman98

    paddyman98 No Common Cents! Supporter

    Maybe it is a label that was removed, cracked out of a real slab.
    Silly thing to do but some collectors don't like their coins in a slab.

    When they do this they refer to it as "removing it from its tomb"
     
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  4. ddddd

    ddddd Member

    This could be one of the following reasons:
    1. Crack the coin out of the holder to place into an album
    2. Crack to resubmit (hoping for a higher grade)
    3. Crack because one doesn't like slabs (this is seen more often with world and ancient coin collectors)

    When I've cracked a coin for my album, I kept the label in order to have a record of what the coin used to be graded.
     
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  5. paddyman98

    paddyman98 No Common Cents! Supporter

  6. ddddd

    ddddd Member

    Most PCGS certified coins won't have pictures unless the submitter paid for the TruView or submitted under SecurePlus/Gold Shield.
     
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  7. baseball21

    baseball21 Well-Known Member

    Keeping a label because you want to is perfectly fine.

    That said a good number of people mistakenly believe keeping the label means the coin is still the same as it was in the slab, unfortunately there are people that push this idea.

    It's a VERY easy way for people to defraud people if they can get them to buy into that idea.

    Once a coin is cracked out the label means absolutely nothing.
     
  8. dwhiz

    dwhiz Collector Supporter

    When you click on the link there is another one shown, on the same page, still in the PCGS slab and only $24.95 w/ free shipping.
     
  9. Morpheus

    Morpheus Member

    No way would I buy this coin based on the PCGS certificate in the photo. If the coin is worth that to you as a raw specimen (I have no idea what it may be worth) then by all means go for it. But not based on the cert.
     
  10. ldhair

    ldhair Clean Supporter

    We can't see what the luster is like. If it's there, it looks like a 66. The luster may not be the same as it was in the holder. I save the labels but they are nothing.
    In a PCGS holder, this is a $20-$25 coin.
     
  11. kanga

    kanga 60 Year Collector

    And IMO it's no longer a RD color (assuming that the label and that coin are one in the same).
     
  12. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    You're absolutely correct, but I still keep the labels of the few key dates I cracked out in the albums with the coins
     
  13. Lots of fake coins in fake slaps from our friends abroad... Can a PCGS label be faked? YES...
     
  14. John Johnson

    John Johnson Active Member

    Maybe the label is real, but there's no guarantee it was slabbed with that particular coin. This one screams scam to me. I'd pass on it.
     
  15. Dave Waterstraat

    Dave Waterstraat dave700x

    I believe this is actually a violation of ebay listing policies.
     
  16. Mountain Man

    Mountain Man Well-Known Member

    The seller states this in his disclaimer.
    No way to tell if that cent is the same one that was graded, so I'd go with a less expensive slabbed one listed.
     
  17. Dave Waterstraat

    Dave Waterstraat dave700x

    It is still a violation with a disclaimer.
     
  18. Clawcoins

    Clawcoins Well-Known Member

    Yup, there is nothing, other than the seller's word, that links the Cent to the PCGS label.

    If you want a slab one, buy one in a slab. If you want to take a chance and get an "altered" cent outside of a slab with it's label ... then it should be cheaper. Those are pretty bad pictures to see good detail.
     
  19. Conder101

    Conder101 Numismatist

    What DDDDD said, plus the fact that this label is from before Nov 2005 when they weren't doing ANY pictures and Secure Shield didn't exist yet.
     
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  20. JCro57

    JCro57 Making Errors Great Again

    Keeping the label as a record for yourself is fine.

    Using it as evidence to "prove" to others that it got straight-graded (meaning no "Details" designation forbeing improperly cleaned or that it is damaged) what condition it is (XF AU, MS, etc.), or what its numerical grade is out of 70, is useless.

    For the life of me I do not understand why people do this. You risk damaging them by cracking them out, there is no guaranty it will be upgraded, and for very rare coins its authenticity is now much more a risk factor. Just find a raw one for God's sake!
     
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  21. JCro57

    JCro57 Making Errors Great Again

    Not only can the label be faked, but so can an actual slab. This is why learning how to grade coins yourself is key, as well as understanding how coins are minted. Even study which slabs were used by which companies for certain time periods. Also study common counterfeited or altered targets (1916-D Mercury dime, 1909-S VDB Lincoln cent, 1916 Standing Liberty quarter, 1893-S Morgan dollar, etc.) to learn the telltale signs.

    Why? Because I have seen the following situations:

    A. Grading companies slabbing counterfeit coins they mistakenly deemed as genuine.

    B. People who faked an actual slab and label to put a counterfeit or altered coin inside.

    C. People who put genuine coins in a fake slab with a fake label, but the coin is a lower grade and/or is damaged.

    D. People putting a genuine label inside a fake slab, using either a counterfeit or altered coin or a genuine coin with a lower grade and/or is damaged

    When you see enough slab labels from different companies made over the years it gets easy to spot fake labels very quickly.
     
    Last edited: Nov 10, 2018 at 7:36 AM
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