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<p>[QUOTE="Tom B, post: 1601232, member: 11854"]Yes, in most instances buying a counterfeit coin or holder is rare. My experience as a dealer behind a table at coin shows has led to my being offered only a few altered Lincoln cents (1909 VDB cents altered to 1909-S VDB) and my experience at coin auctions has seen only a single altered Lincoln cent (1944-D altered to 1914-D). These were all raw coins. I have never been offered a fake slab. Please keep in mind that I do larger shows and typically deal with other experienced dealers. My clients are also generally far more seasoned than the larger pool.</p><p><br /></p><p>In my opinion, much of the problem of these fake slabs or coins is that they target newer or less advanced collectors. Many newer or less advanced collectors follow the cheapest price to the bottom of the barrel and then deal with folks who are out to rip them off. These newer or less advanced collectors allow the desire for a deal to overtake their knowledge. At that point they are in trouble and make the mistake of dealing with someone who is out to rip them off. When I write a "newer or less advanced collector" what I mean is someone who is new to the hobby-industry or someone who has been involved for quite a while, but has never taken the educational aspect of the hobby-industry that seriously. There are significant resources available online and in print to help someone find out if a particular coin or holder looks off or if something is suspicious or too good to be true. Truly, if you are not certain about a coin, then walk away from it as there are always going to be more coins to choose.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 1601232, member: 11854"]Yes, in most instances buying a counterfeit coin or holder is rare. My experience as a dealer behind a table at coin shows has led to my being offered only a few altered Lincoln cents (1909 VDB cents altered to 1909-S VDB) and my experience at coin auctions has seen only a single altered Lincoln cent (1944-D altered to 1914-D). These were all raw coins. I have never been offered a fake slab. Please keep in mind that I do larger shows and typically deal with other experienced dealers. My clients are also generally far more seasoned than the larger pool. In my opinion, much of the problem of these fake slabs or coins is that they target newer or less advanced collectors. Many newer or less advanced collectors follow the cheapest price to the bottom of the barrel and then deal with folks who are out to rip them off. These newer or less advanced collectors allow the desire for a deal to overtake their knowledge. At that point they are in trouble and make the mistake of dealing with someone who is out to rip them off. When I write a "newer or less advanced collector" what I mean is someone who is new to the hobby-industry or someone who has been involved for quite a while, but has never taken the educational aspect of the hobby-industry that seriously. There are significant resources available online and in print to help someone find out if a particular coin or holder looks off or if something is suspicious or too good to be true. Truly, if you are not certain about a coin, then walk away from it as there are always going to be more coins to choose.[/QUOTE]
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