Suggestion for PCGS - The Big One vs the Docs

shorecoll · March 28, 2010 3:09AM

PCGS, now that the Big One is out...take your nifty new capabilities, pick out one coin doctor that has frustrated you for years and file a big, nasty, vicious, PUBLIC civil suit for attempted fraud. Take the money you would spend buying back a half-dozen big dollar mistakes and go after somebody. I know some people think that such a suit can't be won but please try. No secret settlements, no side agreements, yada, yada. Just blow one of these suckers out of the water and you will do wonders at pulling the community into your camp in the battle.

Unknown · March 28, 2010 3:12AM

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coinguy1 · March 28, 2010 3:22AM

I'd love it. And coin doctors can talk and bluff all they care to about suing for slander, etc. but if a lawsuit was ever brought, it would be a lose-lose proposition for a coin doctor.

messydesk · March 28, 2010 3:24AM

If they were to be doing something like that (which would be cool), I doubt they'd spill their strategy for doing so on these boards. The first you'll hear of it is when the first missile strikes. Also, as The Big One has been under development for a couple years, I would not at all be surprised if it has been put to a "field test" that could be used for building such a case.

Barry · March 28, 2010 3:26AM

Not as easy as it sounds.

First, doctoring coins is not fraud. Selling altered coins as original is fraud, but sometimes it's not easy to tell...
Second, how do you define doctoring? Some feel any alteration is doctoring. Others feel dipping is OK. If removing color is OK, how come adding color isn't? And so on.

See what I mean?

shorecoll · March 28, 2010 3:29AM

They can pick it, I'd personally like to see a doc on a witness stand proving that puttying a saint is not attempted fraud.

RYK · March 28, 2010 3:30AM

I agree with Barry.

I also think that while we coin geeks might like it, it could bring a black eye and harm to the whole coin business.

Barry · March 28, 2010 3:32AM

<< <i>They can pick it, I'd personally like to see a doc on a witness stand proving that puttying a saint is not attempted fraud. >>

Is puttying or buffing a scratch on your car fraud?

QuarterCollector · March 28, 2010 3:35AM

you have my vote

coinguy1 · March 28, 2010 3:40AM

<< <i>

<< <i>They can pick it, I'd personally like to see a doc on a witness stand proving that puttying a saint is not attempted fraud. >>

Is puttying or buffing a scratch on your car fraud? >>

As asked, that's apples to oranges. If you did such on an antique and represented it a particular way, it might be. Also, dealers agree to certain terms and conditions when they sign their TPG membership agreements.

ocon4008 · March 28, 2010 3:51AM

IMHO, lawsuits are lose-lose for all concerned except the attorneys. If the suit fails PCGS, opens themselves to a countersuit as a corporation and individually. I would like to hear an opinion of some of the attorneys that post here.

PCGS has taken a positive step forward with Secure Plus; by identifing the coins and body bagging them they will reduce the market for the coins. If this technology proves successful, as I believe it will, NGC will have to use it to keep a half step behind in the market.

DoubleEagle59 · March 28, 2010 3:55AM

Suggestion for PCGS - The Big One vs the Docs

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