RFID chip ID for high value slabbed coins?

ambro51

The technology exists to put an RFID ID chip inside a slab, between the label and the hologram on the back. It would be undetectible. This chip could provide authenticity data, ownership registration and any other information desired. PCGS could provide this as an added cost option for high value coins, as an added feature. Thoughts??

Barry

Good idea.

FLBuffaloHunter

Currently the technolgy requires too much power and has too limited a range to be practical.

kieferscoins

Not to mention the fact that a theif could sit outside a show and watch his RFI reader as each dealer/collector leaves. Makes it alot easier to hit the correct dealers or collectors with the more expensive coins.

Cameron Kiefer

derryb

Best way to fix problem is fix the source of the problem.

tradedollarnut

There's no need. High value coins are:

a) typically recognizable - many have long histories and chains of provenance
b) usually purchased from dealers/auction houses who stand behind their sale 100%
c) stickered. lol!

cmerlo1

Awesome idea (both of my cats have them!), but one would have to invest in a RFID reader to use the feature. Also, this does't work for eBay auctions, where the majority of the fake slabs are being sold. The cost of the chip wouldn't be too much, though, especially if purchased in bulk, making it something that should still be included in every slab, IMHO.

STONE

I think its a good safety precaution.

I would also think it should be included with the cost of slabbing RARITIES ($200) and ULTRA RARITIES ($500), unless these trackers are much more expensive.

hiijacker

No need for RFID, this can be done with a barcode.

Griv

It's quite doable. In fact we are working with a retail giant bring RFID to every item they carry so in theory you can roll your cart past the checkout and every item will ring up and then you pay your bill. Sweet! The actual problem now is that the RFIDs cost around a penny and anyone that has worked with retail can tell you that a penny per item is NOT cost effective but this will come down soon enough.

But a penny per slab wouldn't be too hard to justify and the RFID would be able to provide better prevention against Chinese fake slabs and coins.

amiller

RFID tags are not the answer, as they are also easily copied.

See my other post here.

Griv

Yes, but they can contain enough information to allow for encrypted serialization that would make counterfitting more difficult. A barcode doesn't. The botton line is that the new $100 was already copied almost before it hit the streets so nothing is fool proof. People in the security business know this and aim to stop 99% of the problem while keeping their eye on the 1% they cannot stop.

tmot99

Totally useless for the collector. How am I going to buy something at a show or auction and have any knowledge that the RFID is there?

Griv

Wow. Afraid of a little techology are we?

tmot99

<< <i>Wow. Afraid of a little techology are we? >>



Not at all, but RFID won't protect the collector in any way unless you want to run each potential purchase to the TPGs before you buy it.

Weiss

I actually suggested it HomeRunHall on 01-22-06. He was kind enough to respond favorably.

foodude

I've heard several discussons about using RFID technolgy to trak coins. The first time recall the idea was shortly after this "robbery" in '04. The idea at that time was to aid in the recovery of slabbed coins shortly after they were stolen (i.e., before they got more than a few feet from were they were "stolen"). Given the number of independent times I've heard this idea come up since then, there must be a god reason why it is not used. Seems like a good idea for some situations.