Faked slabs

Discussion in 'Coin Chat' started by Vess1, Apr 25, 2008.

  1. u4ia

    u4ia Member


    I don't think it would be an issue, as they would have to not only replicate the coin itsef in the first place, but then replicate the unique markings of each individual coin.
     
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  3. asciibaron

    asciibaron /dev/work/null

    storage is a lot more than $200 per Terabyte. hard drives are the cheapest part of the equation - the drive farm will require a serious server to implement, plus it will need a tape backup that can quickly do the job - a SAN is the most reliable system that would give you redundant data access and off line tape backup writing of the data. a small system without the tape backup would run $50,000. then you need the infrastructure to support the traffic - that's a backbone device and that's $75k

    then there is the issue of bandwidth, that is not cheap , esp when it's doing high res images - expect 2-3K per month for the bandwidth.

    then you have to have an IT staff, add in $300K for 2 full time and 1 part time sysops.

    recurring costs - 330k/year
    initial costs - 175K in hardware and configuration

    so the first year it's costing 1/2 a million. that is not counting the high res image processing.

    1/2 a million is not minimal. 350k or so recurring costs is not minimal.

    -Steve - i do this for a living
     
  4. Bonedigger

    Bonedigger New Member

    REALITY CHECK!!!

    Pictures of each TPD'd Coin ain't gonna happen online for the mass public or even those (mass public) paying to see each companies graded material ...
     
  5. GDJMSP

    GDJMSP Numismatist Moderator

    Hmmm, David Lawrence is doing it already.
     
  6. spock1k

    spock1k King of Hearts

    what his company folks told me was theat they havent even statrted grading coins yet ( this was last week) go figure
     
  7. GDJMSP

    GDJMSP Numismatist Moderator

    Fair enough, he's going to do it then.
     
  8. Bonedigger

    Bonedigger New Member

    So you mean to say there is going to be another TPG? David Lawrence Grading -- (DLG)... This is getting kinda ridiculous wouldn't you say?
     
  9. GDJMSP

    GDJMSP Numismatist Moderator

    They bought the old PCI, it's been talked about here many times.
     
  10. Bonedigger

    Bonedigger New Member

    Then I musta skipped right past that, LOL... You know slabs and me are like oil and water. :) But I would be surprised if they do actually post pictures of every coin they grade and make it available to the masses. If they do, then (Drum Roll) they might get a new customer... I've bought from David Lawrence in the past.
     
  11. GDJMSP

    GDJMSP Numismatist Moderator

    Geeeeez Bone !! Ya gotta give a guy a warning ahead of time - almost brought on the big one there :eek:
     
  12. Bonedigger

    Bonedigger New Member

    Chuckle, now THAT is NOT something I wanted to do, nor was my intention. :) But, in all seriousness I've purchased from DLRC in the past and they are one of the top three purchasers I try to buy from.
     
  13. spock1k

    spock1k King of Hearts

    bone getting his coins slabbed? if that happens then the last bastion will fall :D
     
  14. spock1k

    spock1k King of Hearts

    well bone, just my 2 cents usually you can get coins cheaper elsewhere then DLRC but yes i buy from them too and they are very good.
     
  15. Bonedigger

    Bonedigger New Member

    It all depends if I can have them use the my grades... Highly unlikely and I may be wrong, but I seem to recall (distant past) reading some TPGs experimented with that at one time. You know, putting coins into plastic with the owners grade and attribution on them, really just an encapsulation company is all.

    Ben
     
  16. Drusus

    Drusus Pecunia non olet

    No, the last bastion will not fall...I and many others will never pay a TPG a penny.
     
  17. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    I happen to like the TPGs. I've never sent a coin to them, but if I can buy one slabbed for about what I would pay anyway, the grade opinion, holder, and authentication is a nice bonus.

    Edit: I would add that I also like the slabs because someday my kids will inherit the collection. Since they aren't really into collecting at this time, I want to give them a decent chance at selling them for close to a fair price. If a coin is in an MS63 PCGS holder, there is less of a chance for a fast-talking dealer with an elastic definition of honesty to try to tell them it's really an XF coin that has been cleaned.
     
  18. Drusus

    Drusus Pecunia non olet

    As its a hobby for me, I prefer to do it all myself and not spend money I could put to another coin on getting other collectors to give an opinion. I have endeavored to learn everything I can regarding the coins I collect, where to buy, how and what to look for. There are also many ways to have knowledgeable people give their opinions for free. If a person finds them useful and worth using, more power to them. I was just saying that there will always people who wont bother with them or dont like the effect they have and will prefer to go another route.
     
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