PCGS helps thwart counterfeit

tahoe98 · October 28, 2009 12:03AM

.....YIKES!

Barndog · October 28, 2009 12:04AM

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Tdec1000 · October 28, 2009 12:06AM

I am so glad they got that crook.... score one for the good guys!!

tahoe98 · October 28, 2009 12:13AM

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.......i guess i should read more of lee's posts, eh barndog?

joebb21 · October 28, 2009 1:20AM

he wouldnt have been able to pass them off if they were in the NGC prongs holders

Barndog · October 28, 2009 1:36AM

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<< Text >>

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.......i guess i should read more of lee's posts, eh barndog?

>>

he does post some good ones

coindeuce · October 28, 2009 2:30AM

I asked our host a number of times why they have not established an edge view holder. Have not received an answer yet.

lcoopie · October 28, 2009 2:32AM

Even I might have been able to tell it was counterfeit

if it were RAW

19Lyds · October 28, 2009 3:07AM

<< he wouldnt have been able to pass them off if they were in the NGC prongs holders

>>

Or the style of holder PCGS uses for the Presidential dollars but that really has little to do with the case since there are far more older style NGC Slabs out there than those 4 pronged monsters.

As long as older style slabs exist.......... then this problem is going to exist as it has nothing to do with what is being slabbed today.

tahoe98 · October 28, 2009 3:26AM

.......gotta hope for a reputable seller.

ksteelheader · October 28, 2009 3:43AM

WaterSport · October 28, 2009 4:16AM

"It was further recommend by prosecuting attorneys that scumbag coin scammers/doctors of this magnitude be given the full criminal punishment not allowed by law which includes inserting a coke bottle into the back side and tapping it with a hammer "

WS

PerryHall · October 28, 2009 4:24AM

Since it wasn't a crime of violence, he'll probably get 100 hours of community service.

homerunhall · October 28, 2009 10:03AM

The problem with his method is that an expert can tell the mint mark of a coin by looking at the obverse and (the really good experts) can tell the date of the coin by looking at the reverse. In the 1970s when bags of Morgans were around and BU coins were really cheap, we would play guess the mint mark with BU Morgans. Looking at the front and guessing the mint mark. All the dollar dealers would be virtually perfect at this guessing game.

Guessing the date from the reverse is a little tougher, but if you look at enough dollars that's no problen either. So the guy has a "1879-CC" that looks like a 1879-S obverse and looks like a 1882-CC reverse. When Thad Olsen from Spectrum first showed me the reverse he said, "Guess the date like the old days" and I guessed 1882-CC. He turned the coin over and I knew we had a problem. What was even funnier was the "1904-S." It had a very typical semi-PL 1904-O obverse and an 1879-S reverse. The problem of course is that the 1904-S should have the circa 1900-1904 "C4" reverse which looks totally different than the earlier reverses.

Bottom line for you all...you really need to know who you're dealing with. Stick with the established dealers and you shouldn't ever have this type of problem. By the way, seems like we see someone take a shot at the system every five years or so. First one was Gary Fernandez in 1989/90...$1.8 million in coins in phoney holders. He got 46 months in jail and we changed from the old rattlers to a more secure holder. Again...know who you're dealing with.

HRH

DorkGirl · October 28, 2009 10:11AM

Interesting, and I would never have thought to do something like that. Great catch!

19Lyds · October 28, 2009 2:35PM

Great words David.

I know little about Morgans but can guess an IKE within 8 years!

MrEureka · October 28, 2009 3:17PM

Genuine, common date Morgan dollars were split into two pieces (front and back along the rim), then adhered to each other in combinations to create the illusion of rare date and mintmarks. The coins then were placed in tampered PCGS holders...

HRH - Without looking at the coins, could you see that the holders had been tampered with? If so, how obvious was it?

tahoe98 · October 29, 2009 2:09AM

<< Genuine, common date Morgan dollars were split into two pieces (front and back along the rim), then adhered to each other in combinations to create the illusion of rare date and mintmarks. The coins then were placed in tampered PCGS holders...

HRH - Without looking at the coins, could you see that the holders had been tampered with? If so, how obvious was it? >>

........good question. hope he responds but he may not want to post twice in the same day.

PCGS helps thwart counterfeit

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