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PCGS Helps bust a Counterfeiter
19Lyds
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Hopefully, this isn't old news!
"PCGS Helps Police Nab Counterfeits Suspect
- October 27, 2009
These four photographs show a tampered PCGS encapsulation holder with a fraudulent insert. When the holder was cracked open it revealed that it housed the pictured coins, a genuine 1879 and a genuine Carson City Mint dollar that were split in two along the rim to create an "1879-CC." PCGS experts believe the diagnostic evidence indicates the 1879 Morgan dollar used in this case most likely was an 1879-S. (Photos by Professional Coin Grading Service.) (Santa Ana, California) – Information provided to Northern California law enforcement authorities by Professional Coin Grading Service led to the arrest of a suspect who is now under investigation in connection with the sales of fraudulently altered Morgan dollars in tampered PCGS holders for nearly $300,000.
"Genuine, common date Morgan dollars were split into two pieces (front and back along the rim), then adhered to each other in combinations to create the illusion of rare date and mintmarks. The coins then were placed in tampered PCGS holders to give the coin credibility in the marketplace and to hide the alterations," said Stephen Mayer, Chief Operating Officer of Collectors Universe, Inc. (NASDAQ: CLCT), parent company of Professional Coin Grading Service."
Full Article.
"PCGS Helps Police Nab Counterfeits Suspect
- October 27, 2009
These four photographs show a tampered PCGS encapsulation holder with a fraudulent insert. When the holder was cracked open it revealed that it housed the pictured coins, a genuine 1879 and a genuine Carson City Mint dollar that were split in two along the rim to create an "1879-CC." PCGS experts believe the diagnostic evidence indicates the 1879 Morgan dollar used in this case most likely was an 1879-S. (Photos by Professional Coin Grading Service.) (Santa Ana, California) – Information provided to Northern California law enforcement authorities by Professional Coin Grading Service led to the arrest of a suspect who is now under investigation in connection with the sales of fraudulently altered Morgan dollars in tampered PCGS holders for nearly $300,000.
"Genuine, common date Morgan dollars were split into two pieces (front and back along the rim), then adhered to each other in combinations to create the illusion of rare date and mintmarks. The coins then were placed in tampered PCGS holders to give the coin credibility in the marketplace and to hide the alterations," said Stephen Mayer, Chief Operating Officer of Collectors Universe, Inc. (NASDAQ: CLCT), parent company of Professional Coin Grading Service."
Full Article.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
The name is LEE!
The name is LEE!
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Comments
Good Job PCGS
Stew
"Inspiration exists, but it has to find you working" Pablo Picasso
Keep up the good work!!
Whatever you are, be a good one. ---- Abraham Lincoln
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
It might be fun to make a couple of these, glue them together, put them in an airtite and fool your friends. But I wouldn't want to waste two morgans. I'll think about some cheaper coins with the mintmark on the back that I could play with.
It might be good to make this list anyway just so we would know to watch for these coins in fake slabs.
--Jerry
<< <i>Roberto Rodriguez...free on $45,000 bail. And free to flee to Mexico.
How do you know he is not fleeing to Oslo, Norway??? Huh??
The name is LEE!
<< <i>The split coin isn't really split. The useless half is machined away in a lathe. It takes 15 minutes to machine a split collet to hod the coin. I make two headed quarters this way in my garage. Here is one I machined the other day for another thread:
It might be fun to make a couple of these, glue them together, put them in an airtite and fool your friends. But I wouldn't want to waste two morgans. I'll think about some cheaper coins with the mintmark on the back that I could play with.
It might be good to make this list anyway just so we would know to watch for these coins in fake slabs.
--Jerry >>
I doubt if they were ground down. Why waste two perfectly good sides? Split an 1879-S and an 1884-CC and you can make an 1879-CC and an 1884-S.
TD
Coin doctors = free pass