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Our beloved coin collecting hobby is becoming discouraging
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<p>[QUOTE="Jack D. Young, post: 21296889, member: 93371"]The old adage of buy the coin not the slab is still relevant and important in the current climate, especially with the counterfeit holders...</p><p><br /></p><p>Examining the coin images regardless of the holder is key, with attribution of the subject example the 1st step (I sound like a broken record<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />...); if you can't attribute it, there most likely is a problem! In the case of the fake 1881$-CC's in fake holders the reverse doesn't match any genuine VAM. And the TPG's are starting to catch up and either inactivate the cert or noting possible counterfeits with that cert #.</p><p><br /></p><p>[ATTACH=full]1542553[/ATTACH] </p><p>The NGC slab issue is one of others I am aware of where an individual substitutes a lower grade example for the genuine one; again your knowledge of grading and a simple on-line cert lookup can smoke these out!</p><p><br /></p><p>And the really deceptive ones in genuine holders? There are many articles written and published on line (I have 49 now on the counterfeit subject on Coin Week) and are available to help; I do NOT recommend cracking coins out of genuine slabs myself now, as the TPG authenticity guarantee may be the only saving grace for a bad one...</p><p><br /></p><p>Well, I'm rambling now, but the Hobby will remain strong in spite of the apparent pitfalls as long as collectors are still willing to do their homework and stay vigilant in my opinion; we ARE better and more knowledgeable than the counterfeiters![/QUOTE]</p><p><br /></p>
[QUOTE="Jack D. Young, post: 21296889, member: 93371"]The old adage of buy the coin not the slab is still relevant and important in the current climate, especially with the counterfeit holders... Examining the coin images regardless of the holder is key, with attribution of the subject example the 1st step (I sound like a broken record:D...); if you can't attribute it, there most likely is a problem! In the case of the fake 1881$-CC's in fake holders the reverse doesn't match any genuine VAM. And the TPG's are starting to catch up and either inactivate the cert or noting possible counterfeits with that cert #. [ATTACH=full]1542553[/ATTACH] The NGC slab issue is one of others I am aware of where an individual substitutes a lower grade example for the genuine one; again your knowledge of grading and a simple on-line cert lookup can smoke these out! And the really deceptive ones in genuine holders? There are many articles written and published on line (I have 49 now on the counterfeit subject on Coin Week) and are available to help; I do NOT recommend cracking coins out of genuine slabs myself now, as the TPG authenticity guarantee may be the only saving grace for a bad one... Well, I'm rambling now, but the Hobby will remain strong in spite of the apparent pitfalls as long as collectors are still willing to do their homework and stay vigilant in my opinion; we ARE better and more knowledgeable than the counterfeiters![/QUOTE]
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Our beloved coin collecting hobby is becoming discouraging
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