PCGS graded counterfeit 1900 Micro O for sale on eBay (Expired-No Bids)

GAT

Wants $3,750 to open

clackamas

Has anyone told the guy that it is a fake?

GAT

No, I haven't, but was hoping someone at PCGS would see this thread and take it off the market. I have no
idea of what the PCGS buy back price would be.

clackamas

I sent the guy a "General question about the item". That has to make your heart sink, I feel bad for the guy. At least PCGS will buy it back.

291fifth

The coin in the holder is certified as genuine by PCGS...or is it? It's going to be interesting to see how this plays out. I expect to see current owners of these coins try to establish high values in anticipation of forcing PCGS to buy them back. There will also be some owners who try and dump them quickly before the news hits COIN WORLD and NUMISMATIC NEWS. Anyone know how many of these "Micro O" dollars PCGS had certified before deciding they were actually contemporary counterfeits?

MAD4MORGANS

As a few members mention on another thread, the counterfeit micro "o"s might become even more collectable.

As people send back their slabbed coins to PCGS to get present market value, the remaining few will get more scare and perhaps even more valuable.

lathmach

As a few members mention on another thread, the counterfeit micro "o"s might become even more collectable

I agree.
If I were a Morgan dollar collector, this would make me want one even more.
Here's a historic rare coin, slabbed by the top grading company, that has now been proven by them to be a contemporary counterfeit.

Ray

291fifth

If the Micro O's are, in fact, counterfeit, they are illegal to own.

MrEureka

I'd like to see PCGS re-slab these coins as "Contemporary Counterfeit".

If they do so, they should give current owners the option to keep the coin after it is reslabbed, with a reduced level of compensation.

Wolf359

If the Micro O's are, in fact, counterfeit, they are illegal to own

Well, lots of collectors should be in prison then. Because many, many folks own counterfeit coins and collect them.

Edited to add: A PCGS Press Release stating an opinion does not make them illegal to own. If/when the Government declares them specifically to be illegal (ie. Micro O's are illegal), then they would be illegal. Not before.

Russ

<< <i>If the Micro O's are, in fact, counterfeit, they are illegal to own. >>



I own a counterfeit trade dollar. Am I going to prison?

Russ, NCNE

FC57Coins

<< <i>If the Micro O's are, in fact, counterfeit, they are illegal to own. >>




Counterfeit coins are not illegal to own as long as the owner does not try to pass them off as real in channels of commerce. Some gold collectors that I know have counterfit pieces that they use to study how they are made and so forth.

michael

I'd like to see PCGS re-slab these coins as "Contemporary Counterfeit".

If they do so, they should give current owners the option to keep the coin after it is reslabbed, with a reduced level of compensation.

-------------------------
Andy Lustig


also do not slab anymore and any in holders as per the above with no more certified as such

this in my opinion would save most if not all of the buyback cost and also make the copins saleable and worth around the same price as before the announcement if not more

Baley

Counterfeit coins are not illegal to own as long as the owner does not try to pass them off as real in channels of commerce. Some gold collectors that I know have counterfit pieces that they use to study how they are made and so forth.

exactly.

similarly, it is a popular misconception that it is illegal to deface or destroy coins or currency.

In fact, you can do anything you want with your money, as long as you keep it to yourself.

it is when you change the money and then attempt to defraud someone, that a crime occurs.

Crazy4Coins

Am I reading the threads and the PCGS statement correctly that ALL micro O's are counterfeit?

messydesk

This doesn't surprise me. Three coins previously relegated to what was once a rather obscure corner of silver dollar collecting I call my haunt have gained instant notoriety. Now a lot more people are going to want all three. Irrespective of the "illegal to own" argument that dogs assorted well known counterfeits, they remain collectible if for no other reason than collectors want them.

BillJones

<< <i>Am I reading the threads and the PCGS statement correctly that ALL micro O's are counterfeit? >>



No, they have declared that the 1896-O, 1900-O and 1902-O are counterfeits. The rest are still OK.

kranky

<< <i>Am I reading the threads and the PCGS statement correctly that ALL micro O's are counterfeit? >>



No, the PCGS article said 1896, 1900 and 1902 micro O's are the fakes. The 1899 micro O is legit.

Crazy4Coins

I guess what I meant to ask was " Are all 1896, 1900 and 1902 micro O's counterfeit or just a particular group of them ? "

Randy

greghansen

All known 1896, 1900 & 1902 micro O's are counterfeit. So far, all known examples have had the diagnositics shown in the article. To date, there are no known legitimate micro O's from these 3 dates. Hope that covers all bases.

eyoung429

<< <i>

<< <i>If the Micro O's are, in fact, counterfeit, they are illegal to own. >>



I own a counterfeit trade dollar. Am I going to prison?

Russ, NCNE >>



Russ,
You have been imprisoned by your collection of Kennedy's Long before this ever came around

AgMe

<< <i>I'd like to see PCGS re-slab these coins as "Contemporary Counterfeit".

If they do so, they should give current owners the option to keep the coin after it is reslabbed, with a reduced level of compensation.

>>



If they did that, you'd have to get both "versions" of the slab. I wouldn't mind having one as a conversation piece.

-g

jdsinva

I looked in my Top 100 guide last night and I noted for all three coins, they all had the same dent next to the mint mark. I guess in hind sight, it's no wonder someone didn't notice the reverse of the three coins were the same prior to now.

GAT

Expired with no bids.

northcoin

expired

ashmore

These three dates have been considered suspicious for a very long time. It had not been shown beyond doubt that they were indeed counterfeit. If you get Leroy Van Allen's guide on Micro O Morgans, you will gain tremendous insight.

ASh Harrison

oreville

Strange: These counterfeit micro-O dimes might be worth MORE as counterfeits than as the real thing. This is an incredible story!

Mark my words. This may indeed happen!