http://www.ebay.com/itm/WARNING-MODERN-COPIES-OUT-FROM-NORWAY-/191793704422? Kudos to this fellow. I like seeing things like this and it should be seen more often.
.. There are fake slabbed coins out there also. You need to know what to look for before you purchase.
And there are legitimate slabs that have fake coins in them as well . For instance, the following coin was graded by NGC, but it is a known fake. The slab is not fake though, so clearly a mistake by NGC...
I agree and I say go do research on the coins , learn to grade , determine counterfeit s, and examine coins yourself
It is not my coin, but this is an example of the sloppiness of NGC. This is similar to the various credit agencies who rated various mortgages and securities that they didn't understand during the credit crisis. Simply, don't grade coins that you are not familiar with...
One of several types of high quality fakes of Portuguese-India silver coins that have come on the market in the past 4-5 years.
Please let me defend the current TPGS ... Just a little. First: Understand that they produce a product. They better get it "right" or they will loose credibility. AFAIK they do correct their errors. Now, here is the problem. I have read/heard about in seminars and know about actual cases (I lived in DC) that in the 1970's it was common for the folks at ANACS in DC to hold some difficult coins they were not familiar with for several months while going to museums/coin shows/consultants to learn about the coin in question. Since 1986, to the best of my knowledge, I have never read/heard about any of the TPGS actually doing that type of personal research. They just send coins to consultants and take their word! In the old days, ANACS was burned on at least 2 occasions by relying on a consultant. That may be the case here. Today, a TPGS is expected to get the coins out fast. They have well-known ex-dealers on staff and a group of qualified professional consultants. In the quest for speed and perhaps even complacency mistakes are made. You, me, and every dealer and collector out here monitor the TPGS products. Some of you have more experience/knowledge than anyone used by the TPGS. IMO, when a possible error is detected, the coin should be returned to the TPGS for re-exam. I have taken the liberty to alert Rick Montgomery about the questionable slab in this thread. Now...Thanks Quaint.Geek for posting this image. I'm saving it in my Possible C/F file until I can move it to my C/F file. Please let us know if the coin is returned to NGC and the final disposition.
AFAIK, the coin was not returned to NGC as the owner wanted to keep it for reference. This isn't the first coin that fell into this category. There have been others where the collector kept the coin for reference.
IMO, If he sent it back for review, he could cut a deal such as: Crack it out, TPGS gets to learn something (if a fake) and destroy the label. TPGS returns coin and gives customer credit for _____ free submissions. Every one customer gets reference coin, thanks from TPGS, plus saves some future $$$$. Just thinking...That's what I should do.
No I understand... he's informing us all and it's not meant to be purchased... ...if someone actually pays him $10K, it'd be like a reward for doing a public good, or an amazing kudos to him for doing that...