Fake PCGS Slabbed Trade Dollar

RedHerring · January 2, 2010 3:45PM

I wonder if PCGS bought this one.............
eBay PCGS Fake

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I took the liberty of capturing a screen shot of this auction before eBay pulled it in case anyone wants to research this seller.

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The real one on Heritage.............

Heritage

Edited to add screen shot.

Marauderrt10 · January 2, 2010 4:02PM

a shame someone got hosed bad on that one.

MsMorrisine · January 2, 2010 4:02PM

faked the ogh, too.

PTVETTER · January 2, 2010 4:08PM

ebay, china

tells you anything you want to know

sinin1 · January 2, 2010 4:09PM

wow, or coin turned bad

look at what else they are selling/buying

if they made that proof Jefferson, kudos to them
do you think the sac $'s are fake as well? the 2003-D's have different numbers

notwilight · January 2, 2010 9:30PM

It wouldn't make sense to fake coins that are going to sell for $10. My guess is they are selling a few cheap real certified coins to add legitimacy to their auctions. --Jerry

Mercury10c · January 2, 2010 10:19PM

<< a shame someone got hosed bad on that one. >>

If there is still someone out there stupid enough to buy a coin
from a seller in China, then he deserves to get hosed.
More money than brains.

Barry · January 2, 2010 10:48PM

They're getting better with the labels. The font and bar code look real.

TennesseeDave · January 2, 2010 10:49PM

I saw that and wondered if it was real.I looked up the cert.# and it matched, but did not think to check Heritage archives.Thanks to E-bay keeping the bidders ID's a secret you can't contact the buyer and let them know it's a fake.

BillJones · January 2, 2010 11:01PM

<< 

<< a shame someone got hosed bad on that one. >>

If there is still someone out there stupid enough to buy a coin
from a seller in China, then he deserves to get hosed.
More money than brains. >>

The new motto for the Chinese private mint system should be, “We aim to please.” An old girl friend of mine had a sign like that up in her bathroom.

dsessom · January 2, 2010 11:09PM

Reported. Linked to the real coin in the report.

Walmann · January 2, 2010 11:13PM

<< More money than brains. >>

There are many trust fund babies that if they became paupers that this statement would still apply.

You can spend all of what little money comes into your possession with a good concerted effort of resting your mind.

RedTiger · January 2, 2010 11:38PM

<< It wouldn't make sense to fake coins that are going to sell for $10. My guess is they are selling a few cheap real certified coins to add legitimacy to their auctions. --Jerry >>

Fakes have been reported for low cost coins such as circulated Ike's, low cost foreign minors. Low cost no longer offers a shield, if it ever did. If a fake cost 5 to 25 cents to make and can be sold for $1 or $2 that's a better profit margin than most manufacturing.

sinin1 · January 2, 2010 11:39PM

I rt
ported it as fake - if enough people do, eBay may canccel even after close

ebaytrader · January 2, 2010 11:44PM

That's a "Top Rated Seller".

What more could you ask for?

Hyperion · January 2, 2010 11:57PM

<< That's a "Top Rated Seller".

What more could you ask for? >>

exactly what I was going to say

notwilight · January 3, 2010 1:11AM

<< 

<< It wouldn't make sense to fake coins that are going to sell for $10. My guess is they are selling a few cheap real certified coins to add legitimacy to their auctions. --Jerry >>

Fakes have been reported for low cost coins such as circulated Ike's, low cost foreign minors. Low cost no longer offers a shield, if it ever did. If a fake cost 5 to 25 cents to make and can be sold for $1 or $2 that's a better profit margin than most manufacturing. >>

I still believe the low cost coins in their auction are 100% legit. I also don't think there are examples of fake slabs wtih $10 coins in them. --Jerry

sinin1 · January 3, 2010 1:19AM

wow eBay canned it

they buyer has bought Hong Kong stamps

if they counterfeit current stuff like that, does the chinese government hang them?

RedHerring · January 3, 2010 6:09AM

I've added a screen shot of the auction in the OP. eBay has pulled the auction.

coinguy1 · January 3, 2010 6:11AM

Great job, folks.

mbogoman · January 3, 2010 8:07AM

Awesome! This board and the people on it are most cool. Ebay should count themselves lucky to have us policing its listings. They seem to be responding faster these days...

notwilight · January 3, 2010 8:38AM

I don't think we're the only ones policing but ebay actually depends on potential buyer's reports--they don't have any other method to identify scammers. In this case the report with the link to the heritage auction was probably them most helpful. Remember, ebay trust and safety employees are laymen so they need some sort of objective evidence to help them make a decision. Absent that they see it as one guy's opinion vs another's. Try hard to give them something like this and they will move more swiftly. Absent evidence like this I have offered to put them in touch with recognized expert numismatists, of which we have many on board. --jerry

okracer · January 3, 2010 8:48AM

<< I saw that and wondered if it was real.I looked up the cert.# and it matched, but did not think to check Heritage archives.Thanks to E-bay keeping the bidders ID's a secret you can't contact the buyer and let them know it's a fake. >>

....except, you can wait until the seller or buyer leaves feedback, then you can see the buyer's ID, and can send them a message.

RedHerring · January 4, 2010 4:48AM

I thought I'd bump this for the Monday afternoon crowd.

TTT

Raybob15239 · January 4, 2010 5:09AM

<< “We aim to please.” An old girl friend of mine had a sign like that up in her bathroom.

>>

My (then) girlfriend (now wife) asked me to "please aim".

coinguy1 · January 4, 2010 5:17AM

<< 

<< I saw that and wondered if it was real.I looked up the cert.# and it matched, but did not think to check Heritage archives.Thanks to E-bay keeping the bidders ID's a secret you can't contact the buyer and let them know it's a fake. >>

....except, you can wait until the seller or buyer leaves feedback, then you can see the buyer's ID, and can send them a message. >>

Many times, the buyer's either don't leave feedback or do, but leave positive feedback, not knowing they've been had by a crook. And even if you are able to contact them, it can be too late to do them any good.

braddick · January 4, 2010 5:29AM

That's the first OGH PCGS slab I've seen faked.
Makes me wonder if the shell and coin are fake but the insert is genuine?

coinguy1 · January 4, 2010 5:31AM

<< That's the first OGH PCGS slab I've seen faked.
Makes me wonder if the shell and coin are fake but the insert is genuine? >>

Pat, I think that's a first for me too. But that would likely have been a very expensive genuine insert to obtain and use.

AUandAG · January 4, 2010 5:42AM

<< 

<< That's the first OGH PCGS slab I've seen faked.
Makes me wonder if the shell and coin are fake but the insert is genuine? >>

Pat, I think that's a first for me too. But that would likely have been a very expensive genuine insert to obtain and use. >>

How expensive would it actually be? Lets suppose the Chinese seller was the auction winner at Heritage, or whatever.
Then he gets the coin, cracks it and takes the insert and puts it in a new "PCGS" holder with a fake coin.
Seems to me he's now got a valuable real one that he can now send to PCGS in China and get into a new holder AND
he's sold the fake with the real insert and recouped most of his original cost (and if lucky, more).

bob

PS: perhaps he can now use the real coin to make more fakes.

coinguy1 · January 4, 2010 5:46AM

<< 

<< 

<< That's the first OGH PCGS slab I've seen faked.
Makes me wonder if the shell and coin are fake but the insert is genuine? >>

Pat, I think that's a first for me too. But that would likely have been a very expensive genuine insert to obtain and use. >>

How expensive would it actually be? Lets suppose the Chinese seller was the auction winner at Heritage, or whatever.
Then he gets the coin, cracks it and takes the insert and puts it in a new "PCGS" holder with a fake coin.
Seems to me he's now got a valuable real one that he can now send to PCGS in China and get into a new holder AND
he's sold the fake with the real insert and recouped most of his original cost (and if lucky, more).

bob

PS: perhaps he can now use the real coin to make more fakes.[/qIt seems that it would be much easier, less costly and less risky, simply to manufacture counterfeit inserts, even if not the older ones.

RedHerring · January 4, 2010 6:38AM

I thought it was interesting that this same seller has an PCGS MS64 1884-CC Morgan running now.

It looks completely genuine:

eBay

braddick · January 4, 2010 7:05AM

<< I thought it was interesting that this same seller has an PCGS MS64 1884-CC Morgan running now.

It looks completely genuine:

eBay >>

It's genuine because the seller purchased that CC Morgan here.

I stick with my genuine insert, fake plastic PCGS shell and coin theory.

braddick · January 4, 2010 7:12AM

This one is possibly a fake PCGS slab too.

I know it's a cheap coin (but, check out that postage! That's where the money is being made.
My speculation? Other than right at the very beginning, back in 1999, of slabbing these State quarters, PCGS inserts the coin tail side up. Not as is shown in the auction.

sinin1 · January 4, 2010 7:17AM

I agree with Braddick

this seller is not your typical counterfeiter from China, as they are purchasing some of the items they copy for models I presume

as far as buying authentic coin ans selling copy with real insert

if they had a 'real' insert in their hand, a good color copy machine could do the trick - the insert is not like a dollar bill

RedHerring · January 4, 2010 7:34AM

<< ...but, check out that postage! That's where the money is being made. >>

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Wow! $25 postage! That's more than the coin's worth.

Fake PCGS Slabbed Trade Dollar

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