When CAC stickers become counterfeited...
ecichlid
Posts: 1,212 ✭✭✭
When CAC stickers become counterfeited, will that be the end of CAC? I mean, they seem like they would be easy to reproduce. Am I missing the obvious here?
There is no "AT" or "NT". We only have "market acceptable" or "not market acceptable.
0
Comments
Thus, it would best if you counterfeitted the slab and slab label as well to match the serial number.
If CAC counterfeits were to be found, I suspect it would not be terribly difficult to trace back the purchases and find the origination of the fraud. Perhaps I am wrong.
So it seems it would only make sense if the slab is fake too. http://www.caccoin.com/look-up-your-coins/
<< <i>The "I believe"s are not giving me much confidence. What is known? >>
I'd suggest that you call or email John and ask. If there are unique tracers in the sticker I doubt that they will give out that info and make it easier to counterfeit the bean.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>I believe CAC has an electronic registry where you can double check any slab serial for the existence of a CAC sticker. >>
And how does one check this registry when buying a coin on the floor of a show?
<< <i>When CAC stickers become counterfeited, will that be the end of CAC? I mean, they seem like they would be easy to reproduce. Am I missing the obvious here? >>
The Obvious
How about a coin that is legit and there is a big price increase in the grade or two above it. Couldn't someone put a real coin in the fake overgraded slab?
<< <i>The "I believe"s are not giving me much confidence. What is known? >>
CAC indeed has an electronic registry where you can double check any slab serial for the existence of a CAC sticker. So unless the counterfeitters also counterfeit the CAC website, I'm certainly not in the least bit concerned about it.
<< <i>
<< <i>I believe CAC has an electronic registry where you can double check any slab serial for the existence of a CAC sticker. >>
And how does one check this registry when buying a coin on the floor of a show? >>
It's called a Blackberry.
Anyway...
How about a coin that is legit and there is a big price increase in the grade or two above it. Couldn't someone put a real coin in the fake overgraded slab?
<< <i>"Wouldnt someone have to make a fake coin, then a fake slab and then a fake sticker since the registry includes all 3 items? "
How about a coin that is legit and there is a big price increase in the grade or two above it. Couldn't someone put a real coin in the fake overgraded slab? >>
I assume that you are talking about taking an unstickered slab and putting a fake sticker on it hoping that any potential sucker won't know about online verification or be able to detect that a sticker is counterfeited.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>Only buy in person fr a reputable dealer or one you know well. >>
I agree that buying from a good dealer adds a layer of protection. But even dealers can get fooled.
Talk to the dealer. See about a return policy, if you think it is fake find out immediately and let the dealer know. At many major shows you can find internet access. Ask the dealer he might have the internet or can direct you to someone who does.
<< <i>No, I moved on as my question was answered. But it brought up an interesting thought. Couldn't someone put a real coin in the fake overgraded slab? Is this reaching a bit? >>
Personally, and this is not meant as an attack on you, I think you are reaching on this one.
<< <i>
<< <i>Only buy in person fr a reputable dealer or one you know well. >>
I agree that buying from a good dealer adds a layer of protection. But even dealers can get fooled. >>
In the words of Obi Won, "Who's more the fool... the fool, or the fool who follows him"?
FORGET THE STICKER FOR A MOMENT.
For an unscrupulous counterfeiter, wouldn't it make sense to purchase real coins that had a large price increase for the grade or two above and then create a fake slab for them? Maybe a MS-65 becomes a MS-67 and there are thousands of dollars to be made.
True, but you can return the coin to the dealer if the sticker turns out to be bogus.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
In which case, they'll check out as legit on both the PCGS and CAC sites.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>With your iPhone, silly. >>
Yeah...Don't you know anything...????....by the way What's a Google..?!!?...
<< <i>if one can copy a pcgs or ngc sticker I see no reason why they cant copy a CAC beanie >>
If one was to send the fake sticker to CAC do they have a definitive way to verify if it is a fake?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>Wouldnt someone have to make a fake coin, then a fake slab and then a fake sticker since the registry includes all 3 items? >>
Fake coins and slab are already being made. The sticker wouldn't be that much more work for them.
Does CAC image all the coins they sticker, or do they just have an database with the serial number, etc?
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
When PCGS holders become counterfeited, will that be the end of PCGS?
Doesn't appear to be.
In which case, they'll check out as legit on both the PCGS and CAC sites.
But if CAC provides an image of the coin, few fakes will stand up to the cert check.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Authentication of the coin and slab should come first with the TPG slab. Once that is verified, it would be easy to verify the sticker through a cert lookup.