Options
does pcgs have this NGC service?
tahoe98
Posts: 11,388 ✭✭✭
........i read in NN that NGC has a photo of their slabbed coins and can be accessed on their site to verify the coin is actually the coin IN the slab. sounds like a great idea. does PCGS have a similar service? if not is it on the horizon? do you guys think it is a good idea?
"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
0
Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Sounds like a very good idea, but I wonder if it would be too costly simply because of all the coins coming through PCGS's doors? Then again, if NGC can do it.... >>
not a valid argument since NGC grades more coins than PCGS.
<< <i>Not yet. Only works for reciently slabbed coins. DGS was the first to do this. >>
although I sent in a boatload of four and five figure NGC coins for re-holdering, and they re-imaged all of them for the database. very cool!
<< <i>not a valid argument since NGC grades more coins than PCGS. >>
Um...of course it's valid. Maybe PCGS doesn't want to incur the cost of photographing every coin. It's nice NGC takes the cost on...or passes it on, whatever...but maybe PCGS doesn't want to do that yet. Who knows, but it's a very valid argument.
<< <i>Not yet. Only works for reciently slabbed coins. DGS was the first to do this. >>
Who is DGS?
bob
<< <i>
<< <i>Not yet. Only works for reciently slabbed coins. DGS was the first to do this. >>
Who is DGS?
bob >>
....DGS
<< <i>
<< <i>not a valid argument since NGC grades more coins than PCGS. >>
Um...of course it's valid. Maybe PCGS doesn't want to incur the cost of photographing every coin. It's nice NGC takes the cost on...or passes it on, whatever...but maybe PCGS doesn't want to do that yet. Who knows, but it's a very valid argument. >>
The cost of quickly photographing every coin they grade will probably be cheaper than the losses realized when people begin avoiding their heavily counterfeited product in favor of an, apparently, safer NGC.
<< <i>The cost of quickly photographing every coin they grade will probably be cheaper than the losses realized when people begin avoiding their heavily counterfeited product in favor of an, apparently, safer NGC. >>
Oh I agree 100%. I'm just saying that the reason PCGS doesn't take pictures of every coin is most likely cost related.
<< <i>
<< <i>not a valid argument since NGC grades more coins than PCGS. >>
Um...of course it's valid. Maybe PCGS doesn't want to incur the cost of photographing every coin. It's nice NGC takes the cost on...or passes it on, whatever...but maybe PCGS doesn't want to do that yet. Who knows, but it's a very valid argument. >>
So what is PCGS doing to fight the counterfeiting of their slabs?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Oh I agree 100%. I'm just saying that the reason PCGS doesn't take pictures of every coin is most likely cost related. >>
Certainly, PCGS is reluctant to spend the extra money in this market and I can't blame them considering the problem is not of their own making. Hopefully they are pragmatic about the situation and recognize the sort of threat these counterfeits represent.
HOWEVER I think the quality of picture needs to be addressed because
on some coins you cannot tell whats in it ... details to verify the coin.
for instance
<< <i>I sent in 55 for reholdering and they still had it done in 5 days
HOWEVER I think the quality of picture needs to be addressed because
on some coins you cannot tell whats in it ... details to verify the coin.
for instance >>
More modern coins would not benefit much from the picture (scan?), especially perfectly white ones which would be impossible to differentiate at high grades. Still, the pictures are an extremely valuable counterfeit deterrent for most coins, at least the ones which are most often targeted.
The only way it might work is if the coin in the slab is toned or different/unique in some way which would make it harder for the counterfeiters to replicate.
I agree though something needs to be done.
........counterfeiting slabs will NEVER stop! it will be a constant challenge for BOTH sides! i vote for the TPG's to keep up the fight, it's very good for business to collect the 'real' thing...
<< <i>I sent in 55 for reholdering and they still had it done in 5 days
HOWEVER I think the quality of picture needs to be addressed because
on some coins you cannot tell whats in it ... details to verify the coin.
for instance
That's interesting. It suggests that even a coin with a unique toning pattern (like this one) cannot be confirmed by these images anyway.
<< <i>
<< <i>I sent in 55 for reholdering and they still had it done in 5 days
HOWEVER I think the quality of picture needs to be addressed because
on some coins you cannot tell whats in it ... details to verify the coin.
for instance
That's interesting. It suggests that even a coin with a unique toning pattern (like this one) cannot be confirmed by these images anyway. >>
That was my point
<< <i>........i read in NN that NGC has a photo of their slabbed coins and can be accessed on their site to verify the coin is actually the coin IN the slab. sounds like a great idea. does PCGS have a similar service? if not is it on the horizon? do you guys think it is a good idea?
Does anyone know if the pix are actually good enough to positively identify the coin?
<< <i>
<< <i>........i read in NN that NGC has a photo of their slabbed coins and can be accessed on their site to verify the coin is actually the coin IN the slab. sounds like a great idea. does PCGS have a similar service? if not is it on the horizon? do you guys think it is a good idea?
Does anyone know if the pix are actually good enough to positively identify the coin? >>
See my Post
I agree the NGC pictures are not good enough right now except to identify the poorest of counterfeits from those too lazy to try a good copy.
<< <i>
<< <i>I sent in 55 for reholdering and they still had it done in 5 days
HOWEVER I think the quality of picture needs to be addressed because
on some coins you cannot tell whats in it ... details to verify the coin.
for instance
That's interesting. It suggests that even a coin with a unique toning pattern (like this one) cannot be confirmed by these images anyway. >>
Maybe they are just trying to create the illusion of it being effective.
<< <i>Lets see if the coin and the bar code and the halogram all match the one from China?
Do the Chinese know how to PhotoShop?
I went on heritage and found a trade dollar, figuring they are a favorite to counterfeit. I chose a white, higher grade as opposed to an AU like most counterfeits are advertised as because there are fewer unique characteristics. Notice the spots on the eagle, in the field near the left wing and at the bottom of "E" in "STATES" and the scratch to the left of the eagle's head as well as near the star above the branch. Heritage Coin NGC Certification It's far from perfect but it's better than nothing.
Edit: Fixed formatting error.
<< <i>It's far from perfect but it's better than nothing. >>
I definitely agree with that, and would like to see PCGS do it too.
Franklin-Lover's Forum
Do the Chinese know how to PhotoShop?
..........i would think that there's VERY LITTLE the chicoms don't know!!