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eBay: Chinese attempt to fake a PCGS slab?

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  • << <i>Another seller:

    meixiacoin1957 >>




    You might have got one. His friend is still selling. His past history shows schill dealings with the
    person in question. Looks like his sales will be completed without being taken off......image

    One down, many to go.............................
  • PlacidPlacid Posts: 11,299 ✭✭✭
    I wonder if the pcgs box behind the coin is also a knockoff image
    image
  • While looking at seller "meixiacoins" auctions, I noticed one of his "PCGS" coins has the same serial number as one of the coins posted by forum member fruitloops on page four of this thread. Check it out... Two coins for sale, two sellers, same numbers...



    image
  • PlacidPlacid Posts: 11,299 ✭✭✭


    << <i>While looking at seller "meixiacoins" auctions, I noticed one of his "PCGS" coins has the same serial number as one of the coins posted by forum member fruitloops on page four of this thread. Check it out... Two coins for sale, two sellers, same numbers... >>



    Probably both are fake,the bar codes look like they match image


    Rare China 1923 TSAO KUN $1 Silver Dollar PCGS MS62
    Current bid: US $474.00 End time: 8 hours 32 mins

    "It is extremely rare to have the high degree collects and keep the worth a work! The opportunity that do not miss the winning it. Coin is exactly as pictures and describe you will received."

    According to the PCGS Certification Database, the requested certification number is defined as the following:

    COIN INFORMATION
    Cert Verification #: 11354470
    PCGS Coin #: 116580
    Date, mintmark: (1923)
    Denomination: $1
    Variety: K-677
    Mint Error:
    Pedigree:
    Country: China
    Grade: MS62


    image
  • PlacidPlacid Posts: 11,299 ✭✭✭
    meixiacoin1957 auctions ended. Hope they were all not fakes.
    Not a bad haul if they are.

    image
  • DoogyDoogy Posts: 4,508


    << <i>meixiacoin1957 auctions ended. Hope they were all not fakes.
    Not a bad haul if they are.

    image >>



    yes, we examined them on the darkside forum. they were all fakes; the real deals would have gone for more money than that, so at least the buyers didn't get hosed for FULL book value; that is the only silver lining here.

  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    Is there a possible silver lining? If the plastic is now devalued will coins start selling for what they are rather than for what they became on the umpteenth submission?
  • crispycrispy Posts: 792 ✭✭✭
    It is all so very disheartening. It really makes me long for the days of collecting coins from circulation. No security, insurance, authentification or money issues. No worries. Seriously. This whole subject is just plain disgusting.
    "to you, a hero is some kind of weird sandwich..."
  • MichiganMichigan Posts: 4,942


    << <i>

    << <i>

    << <i>eBay just pulled the auctions. image

    2 of the coins were bid to ~$1,600 before they poofed. >>



    Pretty amazing it went that far. >>




    I'm sure they have a good learning curve. Next time it will be short auctions over a weekend. >>




    Yep, probably back on ebay under the scenario described above hoping to catch Ebay napping and try to get
    it closed as quick as possible.
  • MichiganMichigan Posts: 4,942


    << <i>I wonder if they have tried selling these counterfeit slabs directly to the motel room ripoff buyers yet......... >>




    Many will probably be sold from tables set up on the streets of Beijing during the Olympics to unsuspecting tourists who
    will bring them back home and try to resell them on Ebay thinking since they got such a good deal on them in China they
    can make a big profit.
  • zeebobzeebob Posts: 2,825
    I just received an email from PCGS. Here it is -->

    This is the most recent response that PCGS has sent us regarding the fake coins on eBay:

    COUNTERFEIT PCGS HOLDERS

    March 27, 2008

    In recent days, counterfeit coins in counterfeit PCGS slabs have begun to appear on eBay, the online auction site. All of the counterfeit coins/holders seen so far are coming out of China. Alert members of the PCGS Message Boards were the first to notify PCGS of the counterfeit coins/holders.

    The coins themselves range from poor-quality counterfeits to well-made fakes. The counterfeit PCGS holders are well-executed, but with minor differences from a genuine holder. PCGS anticipates that authentic coins will eventually be placed into counterfeit PCGS holders in the future, perhaps with elevated grades and/or inappropriate designators (Full Bell Lines, Prooflike, etc.), although none have been seen to date.

    The on-line PCGS Certificate Verification is a method for confirming that a particular certificate number matches the information in the PCGS database, but the counterfeiters are aware of this detection method and are now using valid certificate numbers (see below).

    PCGS has contacted U.S. governmental agencies, including the FBI, U.S. Customs, the Secret Service, and US Postal authorities, to enlist their assistance in pursuing enforcement or legal remedies against these counterfeiters. Also, PCGS is a member of eBay's CCW Group, which monitors eBay for fraudulent listings and asks eBay to discontinue auctions of suspicious coins and/or suspend violators.

    PCGS has called for eBay to stop accepting listings of any rare coins from Chinese sellers. Ebay recently pulled several auctions of counterfeit coins/holders at the urging of PCGS.

    PCGS urges consumers not to purchase rare coins from Chinese sellers on eBay. While legitimate, authentic coins exist in China, the plethora of fakes and fraudulent listings on eBay increase the likelihood that coins purchased from Chinese sellers will be counterfeit.

    The PCGS Guarantees of Grade and Authenticity do not apply to counterfeit holders, but PCGS has a strong interest in assisting consumers in actions against any fraudulent sellers.

    Sufficient differences exist between genuine and counterfeit holders such that PCGS experts can easily identify fake holders. Consumers are cautioned that coins that appear to be underpriced may be counterfeit. PCGS urges all consumers to deal only with reputable sellers who are willing to stand behind the coins they sell.

    PCGS recommends consumers consider the following any time they make a coin purchase:

    1. Verify the certificate number using the PCGS Cert Verification program at http://www.pcgs.com/cert/
    See limitations above
    2. Avoid purchasing rare coins from eBay sellers in China.
    3. Investigate the legitimacy of the seller (examine feedback; avoid low feedback sellers; find out how long the seller has been in business; do they have a good reputation?; do you have legal recourse in case of a problem?).
    4. Make sure you have a money-back guarantee that is enforceable (for example, credit card companies will often assist in cases of fraud).
    5. Realize that "bargains" in numismatics are usually too good to be true.
    6. If you have a question about a particular coin, be sure to have it checked out by an Authorized PCGS Dealer or by PCGS before the expiration of any guarantees.
    7. Request an immediate refund if the coin you purchased turns out to be a counterfeit.

    The following list of coins and certificate numbers have been seen in fake PCGS holders:

    China (1916) Silver Dollar, Y-332, Cert #10712316 (valid)
    China (1923) Silver Dollar, K-677, Cert #11354470 (valid)
    China (1923) Silver Dollar, K-678, Cert #11285683 (valid)
    China (1923) Silver Dollar, Y-336.1, Cert #13835186 (valid)
    China Republic (1912) 20 Cents, Cert #21981173 (invalid)
    China (1916) Gold Dollar, Pn-44, Cert # 11072163 (invalid)
    China (1923) Gold Dollar, Tsao Kun, K-677, Cert #11354470 (invalid spec, valid cert...used above)
    US 1858-O Half Dollar, Cert #03884338 (valid)
    US 1800 Silver Dollar, Cert #03859118 (valid)
    US 1795 Silver Dollar, Off-Center Bust, Cert #22030856 (valid)
    Mexico 1761-MoMM 8 Reales, Cert #05763936 (valid)

    "Valid" means that the correct information shows up under Cert Verification

    To alert PCGS to any offerings of counterfeit PCGS holders, please notify Ron Guth at guthr@collectors.com. For more information, contact PCGS Customer Service at 800-447-8848.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    What a dirty rotten shame this is. image
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Where the hell is OUR government on this? The Chinese authorities don't want to do anything about sheet rock material being made into LIPITOR, and a host of other counterfeits, and now this. Fine. But where are OUR representatives?

  • MichiganMichigan Posts: 4,942


    << <i>Where the hell is OUR government on this? The Chinese authorities don't want to do anything about sheet rock material being made into LIPITOR, and a host of other counterfeits, and now this. Fine. But where are OUR representatives? >>




    Some noise has been made in Congress about it but it appears that the govt does not want to put serious pressure on the Chinese. China has taken some token actions like seizing some fake CD's for the benefit
    of TV cameras to give the illusion they are cracking down but it is all just for show to try and placate the US.

    Meanwhile fakes of all kinds keep pouring out of China.
  • Check this one out.
    PCGS and ANAC and NGC Slabs
    Slab #'s that match Utahcoins list of known COUNTERFEIT ANACS & NGC SLAB NUMBERS.

    http://search.ebay.com/_W0QQsassZcoinfanxzy



    image
  • fcfc Posts: 12,793 ✭✭✭


    << <i>Where the hell is OUR government on this? The Chinese authorities don't want to do anything about sheet rock material being made into LIPITOR, and a host of other counterfeits, and now this. Fine. But where are OUR representatives? >>



    heck man, congress does not care anymore. just look at the recent
    article in the NY times about govt contractors supplying 40 year old
    ammunition to soldiers in afghanistan.

    they used to dig into such things and demand answers. now they just
    get old and fat and rich.

    The U.S. Army has suspended a contract with an ammunition supplier, which, according to The New York Times, provided 40-year-old bullets for delivery to the Afghan army. The U.S. Army is investigating, but the Pentagon says it has no reports that the bullets failed to function. VOA's Al Pessin reports from the Pentagon.
  • BigEBigE Posts: 6,949 ✭✭✭
    At least he is not a racist, he is ruining Chinese history as well-------------------------------BigE
    I'm glad I am a Tree
  • CaptHenwayCaptHenway Posts: 32,331 ✭✭✭✭✭
    ttt
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • messydeskmessydesk Posts: 20,047 ✭✭✭✭✭


    << <i>I wonder if they have tried selling these counterfeit slabs directly to the motel room ripoff buyers yet......... >>


    Won't matter. Those buyers will be one step ahead by declaring everyone's stuff counterfeit and offering either to pay half of melt or to contact the Secret Service.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>

    << <i>meixiacoin1957 auctions ended. Hope they were all not fakes.
    Not a bad haul if they are.

    image >>



    yes, we examined them on the darkside forum. they were all fakes; the real deals would have gone for more money than that, so at least the buyers didn't get hosed for FULL book value; that is the only silver lining here. >>




    These people should be taken out to the countryside and their businesses terminated.
  • morgansforevermorgansforever Posts: 8,462 ✭✭✭✭✭
    <<Where the hell is OUR government on this? The Chinese authorities don't want to do anything about sheet rock material being made into LIPITOR, and a host of other counterfeits, and now this. Fine. But where are OUR representatives?>>

    I feel your anger mrearlygold. Lets hope PCGS and Government authorities can put a lid on it.

    Did you catch 60 Minutes last night?

    The Chinese guy with 100's of billions that wants to buy Wall St.

    Pretty disturbing, guess future generations will be speaking Chinese afterall.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • CaptHenwayCaptHenway Posts: 32,331 ✭✭✭✭✭


    << <i>This is the same seller that had the fake NGC slabs a few months ago that I reported on. He told me at that time that he would have PCGS slabs very soon. I reported it to pcgs at that time, but they never responded to my email.

    Here is one of the emails I received from him;

    "Dear Wes,
    à®?I can make all US coins to be NGC,ANACS. I will invest $20000 to make PCGS grade holder. You are quite right if you find such a partner like me. Do you know, all the Chinese fake coins (US coins are original, such as: trade dollars,,Morgan Dollar ,Lafayette Dollar,Seated Liberty Dollar) were producted by myself. I have my own factory which could be made fake production directly. I guarantee that you can made much profit if you do the cooperation with me.
    ?
    ?" >>



    Have there been any reports of counterfeit Lafayette dollars from this latest Chinese infestation?
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    In The Art of War by SUN TZU

    Use the enemies strengths against him.... -------------------------this is exactly what is happening by the Chinese counterfeiting just about everything that can be manufactured.

    You will probably not get the Chinese govt involved in helping and..................... as long as the counterfeiters do the darkside, the Secret Service isn't interested.

    However, local law enforcement can really put a damper on counterfeit goods by just doing their job.
    Have a nice day
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    ni hao ma?
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Wo hen hao
    Have a nice day
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>Wo hen hao >>



    I had to bring in a little help on this one:


    Me kiep cai tui Trung Quoc va su gia mao cua bon chung !



    image
  • Thank you for exposing this one he is no longer a registered user. hopefully he is spending a little quiet time in the hokey.image
  • PerryHallPerryHall Posts: 46,339 ✭✭✭✭✭


    << <i>..... as long as the counterfeiters do the darkside, the Secret Service isn't interested. >>



    Since when are US silver dollars considered darkside?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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