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<p>[QUOTE="6StepStucky, post: 494725, member: 16664"]In September 2004, members of the <a href="http://en.wikipedia.org/wiki/American_Numismatic_Association" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/American_Numismatic_Association" rel="nofollow"><span style="color: #002bb8">American Numismatic Association</span></a> (ANA) reported seeing counterfeit NGC PCGS holders (also known as "slabs") at the <a href="http://en.wikipedia.org/wiki/Long_Beach" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Long_Beach" rel="nofollow"><span style="color: #002bb8">Long Beach</span></a> Coin Show. Members of the <a href="http://www.bhcoinclub.org/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bhcoinclub.org/" rel="nofollow"><span style="color: #3366bb">Beverly Hills Coin Club</span></a> (BHCC), an affiliate club-member of the ANA, had reported counterfeit coin slabs as early as December 3, 1998. As a direct result, BHCC partnered with ACCGS, manned by unpaid club volunteers, as a pre-certification service for coins and to "guarantee the authenticity of slabs or <a href="http://en.wikipedia.org/wiki/Third_Party_Grader" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Third_Party_Grader" rel="nofollow"><span style="color: #002bb8">Third Party Grader</span></a> holders". More counterfeit PCGS and NGC holders were reported on <a href="http://en.wikipedia.org/wiki/EBay" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/EBay" rel="nofollow"><span style="color: #002bb8">eBay</span></a> in 2005 and later years, but NCG did not address the problem until 2008, after high-quality counterfeit holders had been seen and purchased on <a href="http://en.wikipedia.org/wiki/EBay" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/EBay" rel="nofollow"><span style="color: #002bb8">eBay</span></a>. NGC published the following acknowledgment on January 7, 2008:</p><blockquote><p>"NGC has identified and confirmed that (counterfeit replicas) of its holder has been produced.......The holder has been seen housing counterfeit dollar or foreign crown size coins. While the enclosed coins are also counterfeit, the label information matches the coin type enclosed. The label information is copied from actual NGC certification labels, and the certification information therefore will match the NGC database. Most frequently, Trade Dollars and Bust Dollars are found, although Flowing Hair Dollars and foreign coins have also been seen. A range of grades is also represented."[<i><a href="http://en.wikipedia.org/wiki/Wikipedia:Citing_sources#When_quoting_someone" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Wikipedia:Citing_sources#When_quoting_someone" rel="nofollow"><span style="color: #002bb8">cite this quote</span></a></i>]</p><p><br /></p></blockquote><p>NGC and PCGS counterfeit holders have been reported in <a href="http://en.wikipedia.org/wiki/EBay" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/EBay" rel="nofollow"><span style="color: #002bb8">eBay</span></a> forums and more may be reported by other firms and individuals. The PCGS website notes that they "anticipate that authentic coins will eventually be placed into counterfeit holders". Third party graders are taking measures to resist counterfeiting, however, counterfeit holders may multiply and improve over time. Numismatic Guaranty Corporation and <a href="http://en.wikipedia.org/wiki/PCGS" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/PCGS" rel="nofollow"><span style="color: #002bb8">PCGS</span></a> offer no reimbursement liability for the prices paid for coins in their counterfeit holders. Both firms have online links to verify the holder numbers. However, many buyers may not be computer users or may be unaware of such links. Caution is advised when purchasing coins in <a href="http://en.wikipedia.org/wiki/PCGS" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/PCGS" rel="nofollow"><span style="color: #002bb8">PCGS</span></a> and Numismatic Guaranty Corporation holders as the seller can disclaim liability due to the "third party" nature of the counterfeit holder. Additionally, it may be too late to request refunds from <a href="http://en.wikipedia.org/wiki/EBay" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/EBay" rel="nofollow"><span style="color: #002bb8">eBay</span></a> sellers before holders can be verified as counterfeits. Many coins are posted on <a href="http://en.wikipedia.org/wiki/EBay" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/EBay" rel="nofollow"><span style="color: #002bb8">eBay</span></a> and through other venues "as is" and therefore with no return privileges.[/QUOTE]</p><p><br /></p>
[QUOTE="6StepStucky, post: 494725, member: 16664"]In September 2004, members of the [URL="http://en.wikipedia.org/wiki/American_Numismatic_Association"][COLOR=#002bb8]American Numismatic Association[/COLOR][/URL] (ANA) reported seeing counterfeit NGC PCGS holders (also known as "slabs") at the [URL="http://en.wikipedia.org/wiki/Long_Beach"][COLOR=#002bb8]Long Beach[/COLOR][/URL] Coin Show. Members of the [URL="http://www.bhcoinclub.org/"][COLOR=#3366bb]Beverly Hills Coin Club[/COLOR][/URL] (BHCC), an affiliate club-member of the ANA, had reported counterfeit coin slabs as early as December 3, 1998. As a direct result, BHCC partnered with ACCGS, manned by unpaid club volunteers, as a pre-certification service for coins and to "guarantee the authenticity of slabs or [URL="http://en.wikipedia.org/wiki/Third_Party_Grader"][COLOR=#002bb8]Third Party Grader[/COLOR][/URL] holders". More counterfeit PCGS and NGC holders were reported on [URL="http://en.wikipedia.org/wiki/EBay"][COLOR=#002bb8]eBay[/COLOR][/URL] in 2005 and later years, but NCG did not address the problem until 2008, after high-quality counterfeit holders had been seen and purchased on [URL="http://en.wikipedia.org/wiki/EBay"][COLOR=#002bb8]eBay[/COLOR][/URL]. NGC published the following acknowledgment on January 7, 2008: [INDENT]"NGC has identified and confirmed that (counterfeit replicas) of its holder has been produced.......The holder has been seen housing counterfeit dollar or foreign crown size coins. While the enclosed coins are also counterfeit, the label information matches the coin type enclosed. The label information is copied from actual NGC certification labels, and the certification information therefore will match the NGC database. Most frequently, Trade Dollars and Bust Dollars are found, although Flowing Hair Dollars and foreign coins have also been seen. A range of grades is also represented."[[I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citing_sources#When_quoting_someone"][COLOR=#002bb8]cite this quote[/COLOR][/URL][/I]] [/INDENT]NGC and PCGS counterfeit holders have been reported in [URL="http://en.wikipedia.org/wiki/EBay"][COLOR=#002bb8]eBay[/COLOR][/URL] forums and more may be reported by other firms and individuals. The PCGS website notes that they "anticipate that authentic coins will eventually be placed into counterfeit holders". Third party graders are taking measures to resist counterfeiting, however, counterfeit holders may multiply and improve over time. Numismatic Guaranty Corporation and [URL="http://en.wikipedia.org/wiki/PCGS"][COLOR=#002bb8]PCGS[/COLOR][/URL] offer no reimbursement liability for the prices paid for coins in their counterfeit holders. Both firms have online links to verify the holder numbers. However, many buyers may not be computer users or may be unaware of such links. Caution is advised when purchasing coins in [URL="http://en.wikipedia.org/wiki/PCGS"][COLOR=#002bb8]PCGS[/COLOR][/URL] and Numismatic Guaranty Corporation holders as the seller can disclaim liability due to the "third party" nature of the counterfeit holder. Additionally, it may be too late to request refunds from [URL="http://en.wikipedia.org/wiki/EBay"][COLOR=#002bb8]eBay[/COLOR][/URL] sellers before holders can be verified as counterfeits. Many coins are posted on [URL="http://en.wikipedia.org/wiki/EBay"][COLOR=#002bb8]eBay[/COLOR][/URL] and through other venues "as is" and therefore with no return privileges.[/QUOTE]
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