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Subject: Re: [Colonial Numismatics] Scary
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From: Ray Williams <njraywms@optonline.net>
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There's something to be said for buying well provenanced coins from=20
reputable dealers who will make good if there's a problem.=C2=A0 I'm glad I=
=20
don't collect a modernseries of coins where dependency on third party=20
grading is necessary.=C2=A0 Not that there aren't colonial fakes - China is=
=20
making them, but in general, they're not deceptive.=C2=A0
Ray
=C2=A0
=C2=A0
=C2=A0
On Sat, Nov 21, 2015 at 10:32 AM, James Higby=20
earlyamericancoppers@yahoo.com [colonial-coins] wrote:
=C2=A0
=C2=A0
Several years ago a dealer friend and I had a discussion of this very=20
phenomenon, which has been going on for=C2=A0quite some time.=C2=A0 And eve=
ry time=20
there is online discussion, the slab counterfeiters and coin=20
counterfeiters take heed and correct their "errors."=C2=A0=C2=A0As they get=
better=20
and better at their craft, there remain fewer and fewer who can tell the=20
difference.=C2=A0 Evidence exists that already both major slabbing companie=
s=20
have been fooled.=C2=A0 PCGS was set up at the=C2=A0Chicago International C=
oin=20
Fair four years ago with a display of their own slabs that had fake or=20
altered coins in them.=C2=A0 This raises the conundrum, "Can a fake coin (o=
r=20
fake slab) be made so well that no one except the faker can tell the=20
difference?"=C2=A0 That
question, of course, has no answer, but the implications are chilling,=20
to say the least.=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0
=C2=A0
From: "Ray Williams njraywms@optonline.net [colonial-coins]"=20
<colonial-coins@yahoogroups.com>
To: "colonial-coins@yahoogroups.com colonial-coins@yahoogroups.com"=20
<colonial-coins@yahoogroups.com>
Sent: Friday, November 20, 2015 1:36 PM
Subject: [Colonial Numismatics] Scary
=C2=A0
Hi Guys,
=C2=A0=C2=A0=C2=A0=C2=A0 This is not colonial but it is scary!=C2=A0 A coun=
terfeit coin in a
counterfeit slab!=C2=A0 Although not on the below link, I think I heard tha=
t
the NGC number matches the coin and grade of a real slabbed coin.=C2=A0 So
how do we defend ourselves?=C2=A0 I don't have the answer.=C2=A0 If a coin =
dealer
is offered something like this, how can they tell it's bad.=C2=A0 Most peop=
le
just assume that if it's in plastic, it's good.=C2=A0
=C2=A0=C2=A0=C2=A0=C2=A0 So if some of my friends out there are investing i=
n slabbed gold or
silver, be careful.=C2=A0 Get receipts, from reputable dealers, that itemiz=
e
the slab numbers.=C2=A0
Have fun out there!
Ray
--Boundary_(ID_YNUenmp2DDWKdHCv2hSOdQ)
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Content-transfer-encoding: quoted-printable
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There's something to be said for buying well provenanced coins from reputab=
le dealers who will make good if there's a problem. I'm glad I don't =
collect a modernseries of coins where dependency on third party grading is =
necessary. Not that there aren't colonial fakes - China is making the=
m, but in general, they're not deceptive. </div><div>Ray</div><div st=
yle=3D"font-family: Verdana;"><div> </div><div> </div><div> =
</div>On Sat, Nov 21, 2015 at 10:32 AM, James Higby earlyamericancoppers@ya=
hoo.com [colonial-coins] wrote:<div> </div><div> </div><blockquot=
e style=3D"margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex; border-left-color:=
rgb(136, 136, 136); border-left-width: 2px; border-left-style: solid;">
<br><br>
<div style=3D"color: rgb(0, 0, 0); font-family: HelveticaNeue-Light, Helvet=
ica Neue Light, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif=
; font-size: 16px; background-color: rgb(255, 255, 255);"><div id=3D"yui_3_=
16_0_1_1448119297364_3204" dir=3D"ltr">Several years ago a dealer friend an=
d I had a discussion of this very phenomenon, which has been going on for&n=
bsp;quite some time. And every time there is online discussion, the s=
lab counterfeiters and coin counterfeiters take heed and correct their "err=
ors." As they get better and better at their craft, there remain=
fewer and fewer who can tell the difference. Evidence exists that al=
ready both major slabbing companies have been fooled. PCGS was set up=
at the Chicago International Coin Fair four years ago with a display =
of their own slabs that had fake or altered coins in them. This raise=
s the conundrum, "Can a fake coin (or fake slab) be made so well that no on=
e except the faker can tell the difference?" That
question, of course, has no answer, but the implications are chilling, to =
say the least. <br> </div><div id=
=3D"yui_3_16_0_1_1448119297364_3236" style=3D"font-family: HelveticaNeue-Li=
ght, Helvetica Neue Light, Helvetica Neue, Helvetica, Arial, Lucida Grande,=
sans-serif; font-size: 16px;"> <div id=3D"yui_3_16_0_1_1448119297364_3235"=
style=3D"font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Luc=
ida Grande, sans-serif; font-size: 16px;"> <div id=3D"yui_3_16_0_1_14481192=
97364_3234" dir=3D"ltr"> <hr size=3D"1" id=3D"yui_3_16_0_1_1448119297364_32=
33"> <font id=3D"yui_3_16_0_1_1448119297364_3237" face=3D"Arial" size=3D"2"=
> <b><span style=3D"font-weight: bold;">From:</span></b> "Ray Williams njra=
ywms@optonline.net [colonial-coins]" <colonial-coins@yahoogroups.com>=
<br> <b><span style=3D"font-weight: bold;">To:</span></b> "colonial-coins@y=
ahoogroups.com colonial-coins@yahoogroups.com" <colonial-coins@yahoogrou=
ps.com> <br> <b><span style=3D"font-weight: bold;">Sent:</span></b> Frid=
ay, November 20, 2015 1:36 PM<br> <b><span style=3D"font-weight: bold;">Sub=
ject:</span></b> [Colonial Numismatics] Scary<br> </font> </div> <div class=
=3D"y_msg_container" id=3D"yui_3_16_0_1_1448119297364_3310"><br><div id=3D"=
yiv0298218677"><div id=3D"yui_3_16_0_1_1448119297364_3312">
<span style=3D"display: none;"> </span>
<div id=3D"yiv0298218677ygrp-mlmsg">
<div id=3D"yiv0298218677ygrp-msg">
<div id=3D"yiv0298218677ygrp-text">
=20=20=20=20=20=20
=20=20=20=20=20=20
<div id=3D"yui_3_16_0_1_1448119297364_3311">Hi Guys,<br clear=3D"none=
">
This is not colonial but it is scary! A coun=
terfeit coin in a <br clear=3D"none">
counterfeit slab! Although not on the below link, I think I heard tha=
t <br clear=3D"none">
the NGC number matches the coin and grade of a real slabbed coin. So =
<br clear=3D"none">
how do we defend ourselves? I don't have the answer. If a coin =
dealer <br clear=3D"none">
is offered something like this, how can they tell it's bad. Most peop=
le <br clear=3D"none">
just assume that if it's in plastic, it's good. <br clear=3D"none">
So if some of my friends out there are investing i=
n slabbed gold or <br clear=3D"none">
silver, be careful. Get receipts, from reputable dealers, that itemiz=
e <br clear=3D"none">
the slab numbers. <br clear=3D"none">
Have fun out there!<br clear=3D"none">
Ray<br clear=3D"none">
</div>
</div>
=20=20=20=20=20
=20=20=20=20
<div id=3D"yui_3_16_0_1_1448119297364_3331" style=3D"height: 0px; color=
: rgb(255, 255, 255);"></div></div>
</div></div><br><br></div> </div> </div> </div>
<br>
<br>
<div style=3D"color: white; clear: both;" width=3D"1"></div>
</blockquote>
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