Fake Slabs and Registry Sets

Zoins · March 28, 2008 1:29AM

Will fake slabs have any effect on Registry Sets?

trozau · March 28, 2008 1:43AM

It will when you enter your newly bought bargain slabbed coin and find out the certification number does not exists or is for another coin type.

Zoins · March 28, 2008 1:46AM

It seems that many of the fake slabs have "correct" numbers.

guym · March 28, 2008 1:49AM

It seems that many of the fake slabs have "correct" numbers.

If that is true then how do you determine if the coins are authentic?

trozau · March 28, 2008 1:50AM

<< It seems that many of the fake slabs have "correct" numbers.

If that is true then how do you determine if the coins are authentic? >>

A conundrum, indeed.

Zoins · March 28, 2008 1:51AM

<< 

<< It seems that many of the fake slabs have "correct" numbers. >>

If that is true then how do you determine if the coins are authentic? >>

You'd have to look for coin and slab diagnostics like with any counterfeit. But can this be done with Registry Sets?

notwilight · March 28, 2008 1:54AM

You might enter it in a registry set and the system tells you that the coin is already in someone elses set. you send a removal request and they guy responds that he is the owner and in possession of the coin. You respond similarly. PCGS has to get a human involved. After much confusion, it becomes apparent you both have a coin with the same cert number and someone is very disappointed. --Jerry

Walmann · March 28, 2008 2:24AM

<< You might enter it in a registry set and the system tells you that the coin is already in someone elses set. you send a removal request and they guy responds that he is the owner and in possession of the coin. You respond similarly. PCGS has to get a human involved. After much confusion, it becomes apparent you both have a coin with the same cert number and someone is very disappointed. --Jerry >>

Eventually with multiple duplicate fake slabs being produced, both parties may end up "disappointed".

Doogy · March 28, 2008 2:31AM

I predict this may be a HUGE problem; especially if PCGS and NGC offers nice awards for winners. It would be some serious egg on either TPGs face if they came to find out that they had registry set winners with blatant fakes in them. Furthermore, one of the key things with the Reg sets is to allow the users to show off their hard work (and money), while remaining unseen.

This would create possibly security problems, as some registry set users may be asked to send digital photos of the coins in question to PCGS for verification. Then, you have to assume that many of these folks will not want to do so (regardless if they are fakes or not).

Add to that, the problem with most collectors being amatuer photographers to say the least, and PCGS may not even be able to identify whether or not a coin/slab is authentic based on photos. What do they do then; risk losing clients and market share by requiring more for verification? tough call............

notwilight · March 28, 2008 2:46AM

BTW, I don't expect this to be a problem to me as I look at the coin as well as the label before buying. If I'm not qualified to recognize a fake I have someone else look at it for me. --Jerry

Bryan1315 · March 28, 2008 3:36AM

<< 

<< Eventually with multiple duplicate fake slabs being produced, both parties may end up "disappointed".
. >>

I was fixing to say who is to say the first person to add it has the original coin, there may be 5 people wanting to add the same cert number (if the series is popular enough) and all coins have to be sent to PCGS to make sure who has a original and even then they all may be counterfeit

Fake Slabs and Registry Sets

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