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Folks, what's all this business about counterfeit coins?
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<p>[QUOTE="GDJMSP, post: 1295169, member: 112"]With US coins it's pretty rare for NGC or PCGS to be fooled and for them to slab a counterfeit. But it has happened and it still does happen. This is a documented fact.</p><p><br /></p><p>It happens much more often that collectors and coin dealers, some of them recognized as being very knowledgeable, are fooled into believing that a counterfeit is a genuine coin. I am talking about raw coins here.</p><p><br /></p><p>Then there are the counterfeiters who not only make the fake coins, they also make fake NGC and PCGS slabs and put the fake coins in the fake slabs. These fool even more collectors and dealers. But they do not fool NGC or PCGS.</p><p><br /></p><p>And if you consider world coinage, then the occurrence of NGC and PCGS slabbing a counterfeit increases, meaning it happens a lot more often than it does with US coins. Even so, it is still pretty rare for it to happen, but it does happen.</p><p><br /></p><p>All of these things are documented facts.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1295169, member: 112"]With US coins it's pretty rare for NGC or PCGS to be fooled and for them to slab a counterfeit. But it has happened and it still does happen. This is a documented fact. It happens much more often that collectors and coin dealers, some of them recognized as being very knowledgeable, are fooled into believing that a counterfeit is a genuine coin. I am talking about raw coins here. Then there are the counterfeiters who not only make the fake coins, they also make fake NGC and PCGS slabs and put the fake coins in the fake slabs. These fool even more collectors and dealers. But they do not fool NGC or PCGS. And if you consider world coinage, then the occurrence of NGC and PCGS slabbing a counterfeit increases, meaning it happens a lot more often than it does with US coins. Even so, it is still pretty rare for it to happen, but it does happen. All of these things are documented facts.[/QUOTE]
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Folks, what's all this business about counterfeit coins?
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