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<p>[QUOTE=&quot;GoldCoinLover, post: 211249, member: 4336&quot;]Someone on the forum recently brought to my attention that PCGS or NGC (Not sure which one, maybe both) have been slabbing high grade russian counterfeit coins. I talked to my friend about this and he said since PCGS is listed on the NASDAQ stock market, since their shares are so high it would be devastating to people who invest in the stock market if they found out. Apparently the person who told me about this found out on coinpeople.com. </p><p><br /></p><p>Because NGC and PCGS are American companies, they have better detection rates for Americian coins. Unfortunately the same cannot be said for foreign coins and lately many high quality Russian counterfeits are being slabbed at the moment. </p><p><br /></p><p>Chances are, if these slabbing companes can&#039;t even detect that you&#039;ve got a counterfeit if it happen to be, they might as well call it a quit.</p><p><br /></p><p>If they are graded by NGC and PCGS, I&#039;m not too sure who else you want to trust as they are experts on American coins, not I. </p><p><br /></p><p>I believe PCGS will refund your money back if they are deemed to be counterfeits, which an example is shown here: <a href="http://coincollector.org/archives/002476.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coincollector.org/archives/002476.html" rel="nofollow">http://coincollector.org/archives/002476.html</a></p><p><br /></p><p>If so many American counterfeited coins were graded, major slabbing companies would have been sued and would not be allowed back into business by now.</p><p><br /></p><p>--------------------</p><p><br /></p><p>That link is pretty interesting. It says they&#039;ve slabbed like 95 micro O morgan dollars. So, the chance they&#039;ve slabbed many US counterfeits is probably slim, I&#039;m still pretty surprised they&#039;ve slabbed these russian coins. Does anyone know anymore information about it?[/QUOTE]</p><p><br /></p>

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