I am still waiting to read about fake dollars in fake grading service slabs--how long is it going to take before some enterprising type tries such a scam? Holograms and sonic sealing go only so far--serial numbers a little harder.
ER, "yes", this has happened, but it is far more common with counterfeit gold coins. There are some incredibly talented counterfeiters out there. I met a guy at a show in Cleveland. He noticed that I had a counterfeit $2.5 Indian in our case that was labeled "Not For Sale". He quickly asked me "how much?". I told him that it was just for display and that we actually collect counterfeit coins for our personal reference collection (part of our education). He then said, "oh, if you want to buy some, that guy over there has 3 certified gold coins, that guy has 3 raw counterfeit gold coins, etc.". It turned out that he was a specialist in the field of counterfeit gold coins. That's why he wanted to buy our coin. Since then, we have purchased a few more for our collection, including a very confincing $20 Liberty that is a contemporary counterfeit.
While gold is the most frequently counterfeited type of coin, early dollars have also been popular with counterfeiters. If you own Jules Reiver's fantastic book on early dollars, take a look at page 13. WARNING: you may want to have a shot of whisky handy!! It involves a counterfeit 1794 dollar that was certified by ANACS, who are regarded by some as poor graders but excellent at counterfeit detection (I agree with that).
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While gold is the most frequently counterfeited type of coin, early dollars have also been popular with counterfeiters. If you own Jules Reiver's fantastic book on early dollars, take a look at page 13. WARNING: you may want to have a shot of whisky handy!! It involves a counterfeit 1794 dollar that was certified by ANACS, who are regarded by some as poor graders but excellent at counterfeit detection (I agree with that).