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How can PCGS/NGC get away with slabbing counterfeit coins?
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<p>[QUOTE="Conder101, post: 212047, member: 66"]No quite true. NGC did slab 8 of them back in 1998 before they decided they were counterfiet and they immediately stopped slabbing them. It took the "Top Grading Service" another seven years to decide they they were fake. Oh and there may be even MORE of the fakes out there in the various companies slabs than they admit to. None of the services used the Micro O designation before 1998 so they can only trace the fakes they slabbed AFTER that point. Any that were slabbed before 1998 would simply be included with the rest of the regular O mint populations and not trackable.</p><p><br /></p><p>As for them slabbing high quality counterfeits, if yoiu have a coin that can't be identified as a counterfeit, how do you know it IS a counterfeit? If nothing raises their suspicions about a coin they'll slab it. If they start getting an unusual number of something it or from an odd source, so some such then they will start looking closer and either find something that will let them identify it as a fake, or they may simply send them back as Unable to Certify.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 212047, member: 66"]No quite true. NGC did slab 8 of them back in 1998 before they decided they were counterfiet and they immediately stopped slabbing them. It took the "Top Grading Service" another seven years to decide they they were fake. Oh and there may be even MORE of the fakes out there in the various companies slabs than they admit to. None of the services used the Micro O designation before 1998 so they can only trace the fakes they slabbed AFTER that point. Any that were slabbed before 1998 would simply be included with the rest of the regular O mint populations and not trackable. As for them slabbing high quality counterfeits, if yoiu have a coin that can't be identified as a counterfeit, how do you know it IS a counterfeit? If nothing raises their suspicions about a coin they'll slab it. If they start getting an unusual number of something it or from an odd source, so some such then they will start looking closer and either find something that will let them identify it as a fake, or they may simply send them back as Unable to Certify.[/QUOTE]
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How can PCGS/NGC get away with slabbing counterfeit coins?
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