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It's a jungle out there- bad coins, slabs or labels.
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<p>[QUOTE="TypeCoin971793, post: 4099357, member: 78244"]If those collectors make the conscious decision to not learn anything about the coins themselves and depend on the plastic and graders to do all the work, then whose fault is that? </p><p><br /></p><p>Same thing with new collectors buying a $10000 “slabbed” coin for $500. What did they expect?</p><p><br /></p><p>The blind addiction to slabs is epidemic in the hobby, and it is the very reason why the slabbed fakes are such a problem. Many dealers promote (and often practice) blind faith in the slabs, so that is what collectors learn as they become more acquainted with the hobby. The problem is impossible to fix since the slab market was complacent for 20+ years, and that complacency will never go away. Much of this is due to the fact that relatively few collectors are aware of fake slabs. I’ve had too many arguments with collectors who insist that if a coin is slabbed then it is genuine 100% of the time.</p><p><br /></p><p>It would have been responsible of PCGS to take pics of all of their coins like NGC does so that the holders could be truly verified. But no, PCGS cares more about profit than anything else, and continue to do NOTHING useful to the average collector to combat the fakes, even after over 12 years. If there is no TrueView, the verification data offered by PCGS is nothing more than what can be data-mined off of Heritage, and the counterfeiters know this and take advantage of it. I am appalled how PCGS can call themselves industry leaders and consciously fail to protect collectors from counterfeit slabs for over 12 years. </p><p><br /></p><p>Rant over for the time being...[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 4099357, member: 78244"]If those collectors make the conscious decision to not learn anything about the coins themselves and depend on the plastic and graders to do all the work, then whose fault is that? Same thing with new collectors buying a $10000 “slabbed” coin for $500. What did they expect? The blind addiction to slabs is epidemic in the hobby, and it is the very reason why the slabbed fakes are such a problem. Many dealers promote (and often practice) blind faith in the slabs, so that is what collectors learn as they become more acquainted with the hobby. The problem is impossible to fix since the slab market was complacent for 20+ years, and that complacency will never go away. Much of this is due to the fact that relatively few collectors are aware of fake slabs. I’ve had too many arguments with collectors who insist that if a coin is slabbed then it is genuine 100% of the time. It would have been responsible of PCGS to take pics of all of their coins like NGC does so that the holders could be truly verified. But no, PCGS cares more about profit than anything else, and continue to do NOTHING useful to the average collector to combat the fakes, even after over 12 years. If there is no TrueView, the verification data offered by PCGS is nothing more than what can be data-mined off of Heritage, and the counterfeiters know this and take advantage of it. I am appalled how PCGS can call themselves industry leaders and consciously fail to protect collectors from counterfeit slabs for over 12 years. Rant over for the time being...[/QUOTE]
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It's a jungle out there- bad coins, slabs or labels.
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