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Possible solution to the fake slab problem
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<p>[QUOTE="DoubleDie, post: 379828, member: 10132"]No system is perfect, but changing within the current system has more holes the my possible solution. </p><p> </p><p>The slabs would not have to be registered over and over, but only once. Soundscan has been doing this with CDs and movies for years to track sales. Anything that protects anyone's investment, hobby or business would want to be a part of it.</p><p> </p><p>If someone cracks out then the companies could offer a small rebate if they send the broken slab(s) with their submission. I think PCGS offers something for cracked out slabs anyway.</p><p> </p><p>The chinese fakes use real label numbers, and any seller, buyer or business can check the data base, to see if the label still exist and the history of when, where and how it was sold or if it's a cracked out number.</p><p> </p><p>Any grading company, that has a population record, can enter these label numbers into the data base.</p><p> </p><p>As far as cost is concerned, people pay companies to protect their identity, and it's one of the fastest growing businesses in America. I don't think collectors of slabbed coins would mind paying a small fee to check coins they want to bid or buy. It would be similar to car fax reports. No one wants to buy a coin to find out it's fake. Who is to say it would cost extra anyway?</p><p> </p><p>It's not perfect, but it's a concept that needs consideration.</p><p> </p><p>I repeat, the coin is not registered to anyone, just the data of the sale so the slab can be tracked.[/QUOTE]</p><p><br /></p>
[QUOTE="DoubleDie, post: 379828, member: 10132"]No system is perfect, but changing within the current system has more holes the my possible solution. The slabs would not have to be registered over and over, but only once. Soundscan has been doing this with CDs and movies for years to track sales. Anything that protects anyone's investment, hobby or business would want to be a part of it. If someone cracks out then the companies could offer a small rebate if they send the broken slab(s) with their submission. I think PCGS offers something for cracked out slabs anyway. The chinese fakes use real label numbers, and any seller, buyer or business can check the data base, to see if the label still exist and the history of when, where and how it was sold or if it's a cracked out number. Any grading company, that has a population record, can enter these label numbers into the data base. As far as cost is concerned, people pay companies to protect their identity, and it's one of the fastest growing businesses in America. I don't think collectors of slabbed coins would mind paying a small fee to check coins they want to bid or buy. It would be similar to car fax reports. No one wants to buy a coin to find out it's fake. Who is to say it would cost extra anyway? It's not perfect, but it's a concept that needs consideration. I repeat, the coin is not registered to anyone, just the data of the sale so the slab can be tracked.[/QUOTE]
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Possible solution to the fake slab problem
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