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<p>[QUOTE="BooksB4Coins, post: 1531231, member: 36230"]Oh come on, Rick... all Americans are saintly honest. Didn't you know? The only way such a counterfeit slab could exist here was if a foreigner was somehow behind it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I cannot be the only one who sees that having the equipment to produce such slabs on US soil would be more profitable than having the genuine coins shipped out of country, slabbed, and returned. A few years ago there was a similar thing going on locally with NGC slabs. Although it was much more obvious and nothing more than a quick flip con aimed at deal mentality buyers, the principle was the same... genuine coin, fake (or in that case, altered) slab.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>You're absolutely right, but its also worth mentioning that a certain minority of collectors are far too focused on the "deal at all costs" mentality, so that between the two, this type of thing is really a perfect storm waiting to happen. With the NGC slabs above, every person I know who was hit bought because they saw dollar signs instead of the coin. Using the 87-S $1 as the example, think of it this way... if that coin was a 63 crackout placed in a 65 holder, how quickly do you think it would sell at 30-40% 65 ask to a private buyer on craigslist? I know of a few local so-called dealers who - as long as the cert matched - would not think twice about it.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1531231, member: 36230"]Oh come on, Rick... all Americans are saintly honest. Didn't you know? The only way such a counterfeit slab could exist here was if a foreigner was somehow behind it. ;) I cannot be the only one who sees that having the equipment to produce such slabs on US soil would be more profitable than having the genuine coins shipped out of country, slabbed, and returned. A few years ago there was a similar thing going on locally with NGC slabs. Although it was much more obvious and nothing more than a quick flip con aimed at deal mentality buyers, the principle was the same... genuine coin, fake (or in that case, altered) slab. You're absolutely right, but its also worth mentioning that a certain minority of collectors are far too focused on the "deal at all costs" mentality, so that between the two, this type of thing is really a perfect storm waiting to happen. With the NGC slabs above, every person I know who was hit bought because they saw dollar signs instead of the coin. Using the 87-S $1 as the example, think of it this way... if that coin was a 63 crackout placed in a 65 holder, how quickly do you think it would sell at 30-40% 65 ask to a private buyer on craigslist? I know of a few local so-called dealers who - as long as the cert matched - would not think twice about it.[/QUOTE]
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