Website selling fake PCGS slabs
Alltheabove76
Posts: 1,517 ✭✭✭✭
Alltheabove76
Posts: 1,517 ✭✭✭✭
Alltheabove76
Posts: 1,517 ✭✭✭✭
Comments
Name: MASS COINS: SELLING & MAKING WORLDWIDE REPLICA/COPY COINS
Location: Guangdong China (Mainland)
Store No. 316577
Votes: 205 votes at 5 stars (medals)
Feedback: 98.2% positive
Rating: 4.7 item as described
Rating: 4.9 communication
Rating: 4.6 shipping speed
Products: Home > Store Home > Products > PCGS
Description:
We are a Factory making great variety of world REPLICA/COPY Coins for generations, we can make very fine coins, including Gold Coins, Silver Coins, Copper Coins, Brass Coins, Zinc Coins, Nickel Coins, Ingots etc. We also accept custom made. If you have any inquiries, please don't hesitate to contact us. Thanks very much for your shopping and choice from our store!
jeff
<< <i>They've had that web site up for a long time and have been constantly adding to their inventory. This almost sounds like something that our gov needs to step in on. The next time they need aid, maybe the US should give them their fake money crap back.
Does China need US aid, is it the other way around, or neither? If there's anywhere China and other countries that hold many US dollars need and want aid, it's been stability with our debt rating. Countries like China that hold a lot of US dollars have been worried with the high stakes brinksmanship the US has been playing with our debt rating that can dramatically reduce the value of their holdings. Of course, nuking our debt rating and our currency value is certainly one way we could hurt them
<< <i>They've had that web site up for a long time and have been constantly adding to their inventory. This almost sounds like something that our gov needs to step in on. The next time they need aid, maybe the US should give them their fake money crap back.
I am afraid that the US isn't exactly giving China aid.
My Early Large Cents
<< <i>
<< <i>They've had that web site up for a long time and have been constantly adding to their inventory. This almost sounds like something that our gov needs to step in on. The next time they need aid, maybe the US should give them their fake money crap back.
I am afraid that the US isn't exactly giving China aid. >>
I haven't been seeing many situations where the US has been giving China aid, quite the opposite actually. In a number of cases, the US has been siding with other countries against China over issues such as territorial integrity, a slightly more important issue than coin collecting.
http://www.aliexpress.com/item/Mix-Canada-Dollar-coin-set-8-piece-deifferent-style-maple-leaf-Titanic-Robin-Mallard-Duck/1207799113.html
They reacted the same as the numismatic community will.
And today antique toys are a destroyed market......financially.
But they can still be collected..... for fun.
Coins will be the same. At least coins have the Hobby Protection Act.
But nothing can stop it with genuine coins at stratospheric levels and fewer able to participate and thus care at all.
Reality bites.
Is this where the coin market is headed? Unfortunately, I think it is.
The antique toy comment is interesting. I am curious just how this really could have a long term impact considering how fakes have been made for centuries especially with Roman/ Greek coinage and more recently (last 150 years) altered dates and mint marks have had similar pressure on collectors.
link
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jeff
<< <i>Needs to be shutdown. >>
And how do you think this will happen, since US laws are not in effect in Communist China, and the government allows blatant counterfeiting and violation of international copyrights and intellectual property of everything from electronics to DVDs to airplane parts. US Customs
<< <i>
<< <i>They've had that web site up for a long time and have been constantly adding to their inventory. This almost sounds like something that our gov needs to step in on. The next time they need aid, maybe the US should give them their fake money crap back.
Does China need US aid, is it the other way around, or neither? If there's anywhere China and other countries that hold many US dollars need and want aid, it's been stability with our debt rating. Countries like China that hold a lot of US dollars have been worried with the high stakes brinksmanship the US has been playing with our debt rating that can dramatically reduce the value of their holdings. Of course, nuking our debt rating and our currency value is certainly one way we could hurt them
The U.S. fought a war against them in 1950. They were 3 years old or less at the time. They were less-than-krap, we were gods. We lost, they won. Today they are the world's fastest growing economy as well as being the second largest.
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When Britain returned Hong Kong to China, Portugal read the writing on the wall and 'freely offered' Macau at the same time. China politely accepted the gift. It is now something of a gambling resort, like Black Hawk in Colorado.
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We DO offer aid to The People's Republic of China in the form of patrolling the South China Sea with our various flotillas in our mandated duty as 'Policeman of the World'. That welcome service was not interrupted by any 'sequester', 'shutdown', or 'kick-the-can-down-the-road-another-3-months'. After all, the Communist Party that rules that country, is SO grateful to us that it will seemingly always loan us unlimited funds to continue in our self-indulgence.
Coins are far more widely dispersed but the common factor is that toys had taken on a ROCKET RIDE for quality and rarity.
Then it popped. Gradually. But increased exponentially as dealer after dealer began noticing a distinct drop in "normal" sales.
I was lucky and early to sell. ALMOST everything.
Kept a VERY few sentimental pieces of really scarce pieces.
But even they have dropped about 80%
I am not saying it isn't a problem. I am saying that it will not wreck the coin market the same way it has wrecked others.
But.....................I may be wrong.
My Early Large Cents
<< <i>When technology reaches the point where fakes cannot be differentiated from copies its over. >>
imo it is more about cost-effectiveness than ability.
.
<< <i>Needs to be shutdown. >>
previous thread. one of many.
.
<< <i>When technology reaches the point where fakes cannot be differentiated from copies its over. >>
That's when it will be time to buy strictly from the mints.
jeff
<< <i>Needs to be shutdown. >>
Why?
They have a lot of visitor's (due to forum links) and I'm sure some of them buy their products.
The name is LEE!
Erik
Has anyone heard of a dealer getting burned on these....ahem....pieces of art by buying,say the 1918/7 for big money,thinking its real? They will sell one of these for $1.89.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
<< <i>Their Buffalo Nickels all look bad to me.
Has anyone heard of a dealer getting burned on these....ahem....pieces of art by buying,say the 1918/7 for big money,thinking its real? They will sell one of these for $1.89. >>
on fake slabs, yes. i've heard and seen them get burned. can't imagine how many have been pushed through 3rd party sites in the past 10 years or more.
.
<< <i>Coins have PCGS and NGC, what did toys have?
Coins can have traceable documented pedigrees, what can toys have?
Coins were manufactured by the U.S. Mint (still operating) with records, Toys were manufactured by toy manufacturing companies now defunct, where are their records.
Coins can be appraised by dealers, graders, numismatists, collectors, and the U.S. mint, toys can be appraised by less.
Coins are real money, toys are just that, toys.
Apples and oranges imho, they aren't comparable although learning from any dying or ruined product is useful. >>
Not apples and oranges. When confidence is lost in a product it dies. Fakes of coins or slabs destroy confidence in the coin market.
"Sorry, the page you requested can not be found"
<< <i>
<< <i>Coins have PCGS and NGC, what did toys have?
Coins can have traceable documented pedigrees, what can toys have?
Coins were manufactured by the U.S. Mint (still operating) with records, Toys were manufactured by toy manufacturing companies now defunct, where are their records.
Coins can be appraised by dealers, graders, numismatists, collectors, and the U.S. mint, toys can be appraised by less.
Coins are real money, toys are just that, toys.
Apples and oranges imho, they aren't comparable although learning from any dying or ruined product is useful. >>
Not apples and oranges. When confidence is lost in a product it dies. Fakes of coins or slabs destroy confidence in the coin market. >>
Exactly.
Toys had what coins had pre slabbing.
Expert collectors and dealers.
A lot of it started when prices got so high that people who just wanted to "collect" were satisfied with close copies.
Antique toys are HIGHLY recognizable to any experienced dealer or collector.
I quoted the Hobby Protection Act in my quest to get major toy dealers to appreciate the magnitude of the problem.
I sold internationally in 4 page ads.
I knew almost all of the major experts.
Who knows? Personally, I see copies of anything as a threat to originals.
Somebody got their attention. The site looks like it's all gone.
rodorr
I guess I spoke too soon, it's still here.
Link
http://www.aliexpress.com/store/group/PCGS/909911_212014922.html
My Early Large Cents
Good luck in getting it shut down. Most of their "silver or gold" coin junk does have a disclaimer of no PM. Furthermore, they are located in Hong Kong.
My Early Large Cents
<< <i>That web site has been around for years and what they are selling is old news. >>
I believe this issue is a huge problem that will need to be faced in the future. Just one story run by a mass media outlet where someone was duped, we could lose the occasional/future collector and possibly more. Sometimes news, even old news, takes hold and spreads like a virus.
The antique toy industry example was spot on in my opinion. If not that, think of the “ultra” luxury handbag and watch industries. I am not in market for these types of things, but I always wonder when I see them, “are these things real?” Many luxury brands do very well despite the fakes, but they will not get my money because of how fakes have slithered their way into the market.
Our own Precious Metals forum has threads about fakes occasionally. The authors of those threads advise what to stay away from because of the possibility of fakes and other problems. It has made me think twice about what I buy and not buy with regards to bullion.
Copied from: http://resources.alibaba.com/article/352/August_11_2005_Yahoo_and_Alibaba_com_form_srategic_partnership_in_China.htm
If you have any complaints about Aliexpress, maybe Yahoo would be a good place to start since they have 35% voting rights and 40% ownership.
<< <i>"Aug. 11, 2005--Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, and Alibaba.com, China's largest e-commerce company, today announced a definitive agreement to form a long-term strategic partnership in China. Under the terms of the agreement, Yahoo! will contribute its Yahoo! China business to Alibaba.com and the two companies will work together in an exclusive partnership to grow the Yahoo! brand in China. Additionally, Yahoo! is investing $1 billion in cash to purchase Alibaba.com shares from the company and other shareholders. The agreement gives Yahoo! an approximately 40 percent economic interest with 35 percent voting rights, making it the largest strategic investor in Alibaba.com."
Copied from: http://resources.alibaba.com/article/352/August_11_2005_Yahoo_and_Alibaba_com_form_srategic_partnership_in_China.htm
If you have any complaints about Aliexpress, maybe Yahoo would be a good place to start since they have 35% voting rights and 40% ownership. >>
Before you go contacting Yahoo, you might want to check out this Sept 9, 2012 article:
<< <i>Yahoo has completed a long-awaited $7.6bn (£4.7bn) deal to sell back its 40% stake in China's Alibaba Group, generating a windfall that could help ease the pain of Yahoo shareholders >>
<< <i>
<< <i>"Aug. 11, 2005--Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, and Alibaba.com, China's largest e-commerce company, today announced a definitive agreement to form a long-term strategic partnership in China. Under the terms of the agreement, Yahoo! will contribute its Yahoo! China business to Alibaba.com and the two companies will work together in an exclusive partnership to grow the Yahoo! brand in China. Additionally, Yahoo! is investing $1 billion in cash to purchase Alibaba.com shares from the company and other shareholders. The agreement gives Yahoo! an approximately 40 percent economic interest with 35 percent voting rights, making it the largest strategic investor in Alibaba.com."
Copied from: http://resources.alibaba.com/article/352/August_11_2005_Yahoo_and_Alibaba_com_form_srategic_partnership_in_China.htm
If you have any complaints about Aliexpress, maybe Yahoo would be a good place to start since they have 35% voting rights and 40% ownership. >>
Before you go contacting Yahoo, you might want to check out this Sept 9, 2012 article:
<< <i>Yahoo has completed a long-awaited $7.6bn (£4.7bn) deal to sell back its 40% stake in China's Alibaba Group, generating a windfall that could help ease the pain of Yahoo shareholders >>
>>
Ah thank you I am quite a bit behind on the news then; my short term memory must be failing.
<< <i>
<< <i>
<< <i>"Aug. 11, 2005--Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, and Alibaba.com, China's largest e-commerce company, today announced a definitive agreement to form a long-term strategic partnership in China. Under the terms of the agreement, Yahoo! will contribute its Yahoo! China business to Alibaba.com and the two companies will work together in an exclusive partnership to grow the Yahoo! brand in China. Additionally, Yahoo! is investing $1 billion in cash to purchase Alibaba.com shares from the company and other shareholders. The agreement gives Yahoo! an approximately 40 percent economic interest with 35 percent voting rights, making it the largest strategic investor in Alibaba.com."
Copied from: http://resources.alibaba.com/article/352/August_11_2005_Yahoo_and_Alibaba_com_form_srategic_partnership_in_China.htm
If you have any complaints about Aliexpress, maybe Yahoo would be a good place to start since they have 35% voting rights and 40% ownership. >>
Before you go contacting Yahoo, you might want to check out this Sept 9, 2012 article:
<< <i>Yahoo has completed a long-awaited $7.6bn (£4.7bn) deal to sell back its 40% stake in China's Alibaba Group, generating a windfall that could help ease the pain of Yahoo shareholders >>
>>
Ah thank you I am quite a bit behind on the news then; my short term memory must be failing. >>
No worries. It's good to see the growth. Yahoo's $1 billion investment grew to $7.6 billion in 7 years which is roughly a 34% annualized return for Alibaba.