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How can PCGS/NGC get away with slabbing counterfeit coins?
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<p>[QUOTE="Troodon, post: 211509, member: 4626"]Nothing's impossible of course, but by one of them I'd call it negligible, and by two of them may as well be zero. PCGS has at one time found out that some New Orleans Morgan dollars they slabbed were in fact fakes probably made about the 1940's (not designed to fool collectors, but people taking advantage of the fact that a morgan contained less than its face value in silver at the time, so they could pass them off in circulation). They basically said they wouldn't slab any more of them and offered to refund the grading fee and fair market value of the coins had they been genuine to anyone who had one of these fakes in their slab. That was a very unusual case though... the fakes were very well done and they only caught it when they saw two in the same place and realized the pattern of scratches and die cracks were precisey the same, and also that the coins turned out to actually have more than .900 silver in them (were almost pure silver in fact).</p><p><br /></p><p>So it's not impossible, but chances are pretty much next to 0.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 211509, member: 4626"]Nothing's impossible of course, but by one of them I'd call it negligible, and by two of them may as well be zero. PCGS has at one time found out that some New Orleans Morgan dollars they slabbed were in fact fakes probably made about the 1940's (not designed to fool collectors, but people taking advantage of the fact that a morgan contained less than its face value in silver at the time, so they could pass them off in circulation). They basically said they wouldn't slab any more of them and offered to refund the grading fee and fair market value of the coins had they been genuine to anyone who had one of these fakes in their slab. That was a very unusual case though... the fakes were very well done and they only caught it when they saw two in the same place and realized the pattern of scratches and die cracks were precisey the same, and also that the coins turned out to actually have more than .900 silver in them (were almost pure silver in fact). So it's not impossible, but chances are pretty much next to 0.[/QUOTE]
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