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<p>[QUOTE=&quot;krispy, post: 2020176, member: 19065&quot;]In the example of the Canadian piece, was that a demonetized coin? If not and still technically legal tender, isn&#039;t that something that should go before a federal-level agency for policing, even if it be an older issued coin that is traded (at significant premium) between dealers and hobbyists? Does such action take place in this regard? Are such pieces being reported the way current circulating securities should be reported to such agents?</p><p><br /></p><p>With demonetized collectibles, I suppose its up to the education and vigilance of the legitimate industry businesses and consumers. Not only does it mean educating ourselves against the frauds but not allowing ourselves to fall prey to accepting certification, automatically giving credibility to the third party graders. Honest dealers and collectors also have to hold TPGs accountable and question suspicious pieces.</p><p><br /></p><p>One of the primary reasons for joining coin forums for me was to learn more about TPG grading and standards, impact to the hobby, etc. from other collectors and not to just accept what they (TPGs) exert in confidence to lull customers into a false sense of security.</p><p><br /></p><p>I strongly believe that &quot;security is an illusion&quot; and the onus is on us, each individual, to guard against falling victim to such a sense. Education is the best defense and I applaud your thread and attempts, this is what makes these forums worth joining. Being proactive is important and there may not be so much each individual can do but to know fakes and refuse to buy them, but the threat to the hobby and business of numismatics can be changed when people are organized and adept at confronting it.[/QUOTE]</p><p><br /></p>

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