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Our beloved coin collecting hobby is becoming discouraging
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<p>[QUOTE="masterswimmer, post: 21271522, member: 102022"]Thanks for your reply Silverpop. I don't think my little rant was very clear. Let me expand on it a bit.</p><p><br /></p><p>Recent postings about tooling on Morgan silver dollars, TPG slabs being counterfeited, needless to say, the counterfeiting of coins themselves, mistakes made by the experts at the TPG companies not picking up some of the fakes, the NGC scandal of opening legitimate slabs and replacing the graded coin with a lower grade coin and then resealing the slab, and many more nefarious intentioned heathens trying to scam us has made the act of purchasing a legitimate coin a scary process.</p><p><br /></p><p>I can't possibly be the only one who feels angst when perusing a coin in a LCS, eBay, auction houses, private sale, online, or anywhere. The minute detail of the tooling of coins, or miniscule repair or intentional moving of metal, is daunting. Just looking at the threads posted by [USER=93371]@Jack D. Young[/USER] . I can't see some of the markers on fakes even when pointed out. The same goes for the quiz threads posted by [USER=24314]@Insider[/USER] . Yes, some things become noticeable after they're identified and called out by the experts. Other things, no way do I see what they're talking about. </p><p><br /></p><p>How can those of us who know a good deal about coins in general and a bit more about certain coins we specialize in, be expected to make the right decision on choosing a legitimate coin when the potential for these microscopic markers can be anywhere on the coin? I mean really, the three tiny tool marks on the Morgan hair right above the ear? There's no way I'd have identified that tooling on my own.</p><p><br /></p><p>My point is, I've been made to feel completely inadequate in buying coins. The financial fear factor looms large to me. I know there are quite a few collectors here who scoff at spending a couple of grand on a coin. Not me. That is a price range that a fake/counterfeit coin mistake would have a lasting negative effect on me.</p><p><br /></p><p>Am I alone here?[/QUOTE]</p><p><br /></p>
[QUOTE="masterswimmer, post: 21271522, member: 102022"]Thanks for your reply Silverpop. I don't think my little rant was very clear. Let me expand on it a bit. Recent postings about tooling on Morgan silver dollars, TPG slabs being counterfeited, needless to say, the counterfeiting of coins themselves, mistakes made by the experts at the TPG companies not picking up some of the fakes, the NGC scandal of opening legitimate slabs and replacing the graded coin with a lower grade coin and then resealing the slab, and many more nefarious intentioned heathens trying to scam us has made the act of purchasing a legitimate coin a scary process. I can't possibly be the only one who feels angst when perusing a coin in a LCS, eBay, auction houses, private sale, online, or anywhere. The minute detail of the tooling of coins, or miniscule repair or intentional moving of metal, is daunting. Just looking at the threads posted by [USER=93371]@Jack D. Young[/USER] . I can't see some of the markers on fakes even when pointed out. The same goes for the quiz threads posted by [USER=24314]@Insider[/USER] . Yes, some things become noticeable after they're identified and called out by the experts. Other things, no way do I see what they're talking about. How can those of us who know a good deal about coins in general and a bit more about certain coins we specialize in, be expected to make the right decision on choosing a legitimate coin when the potential for these microscopic markers can be anywhere on the coin? I mean really, the three tiny tool marks on the Morgan hair right above the ear? There's no way I'd have identified that tooling on my own. My point is, I've been made to feel completely inadequate in buying coins. The financial fear factor looms large to me. I know there are quite a few collectors here who scoff at spending a couple of grand on a coin. Not me. That is a price range that a fake/counterfeit coin mistake would have a lasting negative effect on me. Am I alone here?[/QUOTE]
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