PCGS Certified "Genuine" Counterfeit.....
sebrown
Posts: 424 ✭✭
Interesting eBay auction I ran across. The seller claims this item, a 1775 George III British Halfpenny, is a Longneck Variety and is "a member of a known and fully documented family of counterfeits."
Is this something that PCGS would like to be made aware of so they can take the coin off the market?
Was the seller testing the graders at PCGS by knowingly submitting a counterfeit to see if it got slabbed?
Is this something that PCGS would like to be made aware of so they can take the coin off the market?
Was the seller testing the graders at PCGS by knowingly submitting a counterfeit to see if it got slabbed?
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
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merse
Collecting:
Conder tokens
19th & 20th Century coins from Great Britain and the Realm
On the NGC registry it's even worse. There is a top type set over there where a guy has stuck in an MS-65 graded 1804 "restrike" cent in the Draped Bust cent type coin slot. That piece was made from a discarded 1803 cent obverse die (with a re-engraved date) and a discarded 1820 reverse cent die. The piece is a counterfeit that was made for collectors during the 19th century. It's worth about $2,000, but this guy gets the registry points for a $20,000 coin. I've complained about it, but the NGC registry folks won't listen.
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