Author Topic: Fake pcgs slabs with fakes coins, but with good numbers, pcgs is doing nothing  (Read 1590 times)

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Offline Michiel

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I'm wondering why pcgs is not doing anything about these sellers.

http://www.aliexpress.com/supplier-fm/wholesale-products/231096347-productlist.html

the numbers are correct, but the coins and slabs are fakes.

PCGS is contacted about it, but no respons.

This is not the only seller, on ali there a lot of sellers with fake pcgs slabs.

Offline Figleaf

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The seller is mentioning that they are fakes, but the price makes it obvious that the seller wants to sell to fraudsters and demands a cut of the profit, without taking the risk. TPGs are commercial companies. They are just about "shareholder value". Unless this gets out of hand, cutting into their turnover, it's cheaper to do nothing. >:(

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Michiel

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If i look at the number of sells its clear that it will be resold to collectors that will pay big money for coins that can;t be checked for weight.

bad thing, really bad.

Offline PeaceBD

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I think the best thing for the collector is to educate himself and not depend on the plastic around the coin to confirm its genuineness. I understand that new collectors can depend more on slabbed coins but then they need to make sure what to look for or atleast how to check the genuineness. There are tools for that. A simple step of only buying from a reputed dealer or auction house cuts down the risk considerably. I you are experienced enough then you also know that there are few basic steps to confirm the slabs authenticity both for NGC and PCGS.  As far as I know both NGC and PCGS actively pursue perps . But in situations were foreign websites and governments are involved it gets much more complicated. Here are some know instances:

http://www.coinlink.com/News/counterfeits-fraud/pcgs-helps-police-arrest-counterfeit-coin-suspect/

http://www.coinlink.com/News/counterfeits-fraud/counterfeit-pcgs-holders/

 http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=954

Offline Michiel

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If i buy an slabbed coin online i check the cert number. If it match up and if there is an picture of the slabbed coin i check that also. but how sure can you be anymore.

Offline Filat

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For some reason it was removed my last post: "Another example" and the image:

Beware of fake.7.2;
Beware of fake.7.2.1;
Beware of fake.7.2.2???
YV

Offline Figleaf

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The "some reason" is very clear. You have posted this all before and they were taken off because you were unable to convince people that they were fakes, while given ample opportunity to explain yourself. Now you start all over again. If you do the same thing, you should not be surprised to get the same results. Please act more constructively.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.