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Warning: ANACS slabs with switched coins

At the Fort Worth Coin Club show 2 weeks ago, we saw a barely VF Trade dollar in an ANACS Au50 slab in a dealer's case. Close examination showed some cracks along one edge of the slab, but nothing worse than we have seen with sloppy sonic sealing on numerous slabs from all companies. The dealer was VERY embarrassed and busted it out in front of me. Now I have spotted one on ebay that I am almost certain is the same type of fraudulent item. No way this is EF45, and something funny is going on with the seam on the slab, visible on the LEFT side even though the edge is not visible.

Link
Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com

Comments

  • braddickbraddick Posts: 24,808 ✭✭✭✭✭
    That Trade looks XF to me.

    peacockcoins

  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    Looks fine to me I see an XF coin
  • commoncents05commoncents05 Posts: 10,096 ✭✭✭
    The eBay coin looks fine to me. (As in OK, not Fine the grade)

    -Paul
    Many Quality coins for sale at http://www.CommonCentsRareCoins.com
  • sinin1sinin1 Posts: 7,500
    those old ANACS slabs are bad

    a little lenghtwise pressure in a vice and they pop


    I am concerned about switches with fakes

    and the eBay auction you posted, the coin looks a little funny to me but not my series

  • FrankcoinsFrankcoins Posts: 4,571 ✭✭✭


    << <i>those old ANACS slabs are bad
    a little lenghtwise pressure in a vice and they pop
    >>



    ANACS had never seemed to "get it" that NOTHING ELSE MATTERS if the slab can be opened and resealed.

    image

    Anything with a flat panel of plastic joining an edge (NGC) can be cleverly sawed out and replaced. Only PCGS (non rattlers) and SEGS
    slabs would be almost impossible to open without destroying them.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    The one on ebay looks ok to me.

    It does seem that the newer slabs could be opened easily especialy if you get one that wasn't sealed well.

    The older ANACs slabs would be tougher, you can look at the edge and if reealed it should show.

    I would think it's small one time scammers, the big time ones would need a big supply of slabs. In reality no slab is hard to duplicate, they can easily make slabs and have a sonic sealer. It's scary!

    If you buy a high dollar coin unseen or don't know enough details you might get taken. The best tool we have is learning the coins we collect in detail. image
    Ed
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    What is an ANACS?
    Have a nice day
  • stev32kstev32k Posts: 2,098 ✭✭✭
    I believe the coin is a fake. Look at the images below and check out the stems behind liberty. That is a protected area of the design and the last place to show wear. It is also an area counterfeiters seems to have a lot of trouble duplicating. I have several dozen fake trade dollars and almost every one has the same problem with striking up the wheat stalks. Also check out the VF20 from my collection and notice the wheat stalks are hardly worn at all.

    imageimage

    Who is General Failure, and why is he reading my hard drive?
  • The eBay coin is very easily an XF. 45 might be pushing it, but it is ANACS we're talking about.

    Steve, your coin has been "net graded" to reflect an old dipping. Plus, there is heavy wear on the head and chest resulting in the VF grade.

    Obviously, I cannot say whether the eBay coin is a fake or not. Regardless, the coin has XF detail.
  • stev32kstev32k Posts: 2,098 ✭✭✭


    << <i>The eBay coin is very easily an XF. 45 might be pushing it, but it is ANACS we're talking about.

    Steve, your coin has been "net graded" to reflect an old dipping. Plus, there is heavy wear on the head and chest resulting in the VF grade.

    Obviously, I cannot say whether the eBay coin is a fake or not. Regardless, the coin has XF detail. >>



    If you like that one as XF I have several I will be willing to sell to you for low XF money. Just let me know. BTW the VF20 is in a PCGS holder and they are not known for net grading, but maybe this is an exception
    Who is General Failure, and why is he reading my hard drive?


  • << <i>VF20 is in a PCGS holder and they are not known for net grading, but maybe this is an exception >>


    image They may not be "known" for it, but as most knowlegeable collectors know, they do it.

    Edited to add: I'm not saying the ANACS coin isn't a fake. It might be, but based on those pics it's impossible to tell for absolute certainty.

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