Take a look at this eBay auction

Here is the reply that I received from the seller of the Peace dollars. I love the sellers like this one who renew my faith in the basic honesty of people.


Dear susanlynn,
Thank you very much for bringing this to my attention. It appears you were right. I weighed the coin on my gram scale and it only weighs about half of what it should. I notified the winners of the first 3 auctions of the rotated reverse coins. One of the winners (the only coin I hadn't sent out yet) was to a [edited for privacy reasons]. I talked to him about an hour ago. He is a high ranking official in the A.N.A. He wants to look at the coin. He may also comment on the coin in a book he is writing.
Again, thank you very much for bringing this to my attention. I certainly don't wish to defraud anyone.

 

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I emailed the seller about the slab and he said that his coins are put in a holder that he has (not a graded slab) and he puts the tape on the top with the info for the coin with the grading being his opinion. He was also very quick to answer my question. I would buy from him.

 

I'm glad that ended that way. Although I was sure in my opinion that those were fakes, I probably would never had made contact with the seller. Thank you for having Brass. Dave.

 

I'm sorry folks. I wouldn't go near this coin on a bet. The slab label is wrong. Probably came from a real slabed coin. The coins is more than a little mis-graded and damaged. The auction lack description. This is probably because the seller knew his offering was a fraud.
There was no MS grade on the coin label. The reverse side appears that it was taken out of the slab or of a different coin.

There are more red flags on this auctions than Bayer has asprins..!

catman

 

its not just american coins they target, the chinese fakers are selling quite a lot of british fake coins too.

sooner or later if they havent done it already there gonna get very good at faking slabs, these will end up practically undetected, just playing with a couple of grades on high priced coins.They probably alrready doing it.but the people dont know there holding fakes yet.personaly it dont seem a very hard thing to do.there faking electronics and power tools ect that are so close you can hardly detect, so faking a bit of plastic and print is a walk in the park.


And the trouble with this is who would actually tell they spent 20k on a fake slab, you can bet they would sell them back into the market as quick as they could.i know i would i just couldnt afford to lose that kind of money

 

maybe there needs to be some kind of better security.

actually how about that the grading services just slab and store the coins, then people can trade ownership in situ.you cant hold the coin its in a slab anyway so is there any need to have it personal?.

or what about a special code machine linked direct to the slabbers that coin dealers can pay to use , like a credit card system.then customers can pay a fee to a coin dealer to swipe and check it for them against secured scrambled code direct from all the slabbing companies.i dont think a network like that would be hard to set up,it would give coin dealers an extra income, the coin dealers couldnt cheat it, and anyone could walk in with a slab have it swiped to prove its authentic.

if the fakers start getting better a system like that would become pretty essential.and it would bring a lot of collectors into a dealers shop.someone that set it up could charge the dealers a monthly fee and also charge the graders that wanted onto there network.the dealers recouping by charging couple bucks to authenticate a coin.

everyone but the fakers a winner.

 

NGC Slab

The design on these slabs are made by NGC for the Shop At Home TV Show... Some are given a grade and some are not and boy are they HIGH!!! Geez... What a rip...
http://www.shopathometv.com/shopath...kadddkghgdgecefeceeedffjdfjf.0&n=0&OID=-18733