LOOK WHAT JUST SOLD FOR $1,884.02

I really don't understand why PCGS and NGC (and maybe all the grading companies and the ANA and other coin groups) don't incorporate something that involves digital encryption, encoding, laser or ultraviolet light, or whatever.....to protect coins.

The possibility of counterfeiting is much more damaging to the hobby and the GROWTH of the hobby among newcomers than rather a coin with 'wear' is AU or MS or whether a coin should have been going up 2 grades in 5 years over 7 resubmissions.

There has to be something with scanning or digital encryption that can protect our investment. Charge more for resubmissions...hell, I would be willing to do my part that way.

The credit card companies are rolling out new digital chips or markers or something later this year (Europe already has them I think) and it REALLY makes it hard to steal $$$ or the card info. Similar stuff in ApplePlay and other payment systems I think. I'm not an expert on this, but I have to believe we can do more than use 45-year old bar code technology.

 

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GoldFinger1969 I don't disagree with anything you say, but in this case all it would have taken is checking the cert # against PCGS and examining the excellent photo that gives the lie to the fake coin. People need to do a basic amount of homework.

Best Regards,

George

 

I have inputed numbers and gotten a description but not a photo of the actual coin (that must be recent, right, PCGS/NGC don't have pics for all the coins they've graded, right ?).

Do you have the link to check ?

 

Fake coin and fake slab. I'm getting scared, the Chinese are getting very good at making counterfeit slabs.

 

NGC has been grading for 28 years, and photographing all the coins for about 6 to 7 years. So there are over 20 years worth of graded coins out there not photographed.

PCGS has been grading for 29 years and started including photos about 3 years ago, but only those whee the submitter paid for TruView images or where the coin is pictured in a registry set. (Those are probably the owners images, so the quality of the images is probably variable.) So for all practical purposes they have about 28 years worth of slabbed coins out there with no images.

 

Thanks Conder.....so bottom line, for most of these coins we have the TPGs don't have pics.

BTW, I saw your thread on another site about all the PCGS slabs -- it was fantastic. Helped me realize some of the OGH's I was looking at were 1995-1998 and not 1986-1990 or so. Thanks a bunch !!

 

I'm no expert on Morgan Dollars, but the fat date said bogus the instant I looked at the coin, regardless of whether it was too "nice" for the 63 grade.

Maybe if the lucky buyer resubmits the coin to the crooks that sold it, he can get it upgraded to an MS65.

 

I'm not an expert on Morgans either, but the coin and slab just screamed "fake" as soon as I opened the thread, and it shouldn't require the original photo cert for this to be obvious. If this is the best the Chinese can do then I wouldn't be too alarmed over the future of the hobby. Would anybody with even rudimentary grading skills be fooled by a mark-free Morgan in a 63 holder? The coin looks fresh like it was made last year, and that's because it was. Just ask yourself, "really?!!!"...

 

The Chinese have been reading the coin forums for many years. We have taught them everything we see wrong with fakes. They fix that and wait for us to tell them more.

 

They can read and copy anything the services can come up with.

 

This isn't the best they can do. It's simply what they mass-maufacture and they are fooling thousands of collectors with these.

The more folks are depending upon TPGs the less grading savvy they are becoming.

 

Despite the cat and mouse game, discussion must be had about them.

In the same way, one can't say "stop talking about exploits" otherwise virus protection software would cease to be effective as no one could share how to patch the problems.

 

That's pretty sad. I suppose it's kind of like using a GPS to navigate and forgetting how to use a map...

 

Absolutely fake!! The Chinese counterfeiters got this fake coin stuff down, they use fake slabs with authentic numbers and a sucker is born every minute.

 

I agree. It's something we all need to learn. It's not going away. It's getting more and more important to know the dealers you are buying from.

 

Wait until they hack the TPG websites for the coins they list on one day auctions

 

They can't copy a digitally encrypted code that is obscured.

 

The secret is some kind of digital encryption like the credit card companies are rolling out later this year which makes on-line theft and even the old-style fraud using receipts/stolen cards impossible or nearly impossible.

 

True, but the collectors can't use it to determine if the slabs are real either because it is obscured for them as well.

 

Thank you all for the input !