i found this "buzz" interesting.

Comments

• coinguy1 Posts: 13,484 ✭✭✭

  August 19, 2010 4:12AM

  "During the American Numismatic Association World’s Fair of Money, David Hall of the Professional Coin Grading Service and the firm’s attorney, Armen Vartian, reported that they were continuing to gather evidence in the firm’s lawsuit concerning coin doctoring, but also, they are narrowing the number of named individuals being sued.
  
  They had a bit of good fortune, which they shared. A package of coins that was intended to be sent to a coin doctor apparently was inadvertently shipped to Numismatic Guaranty Corp., another grading service. PCGS obtained it from NGC and will use it as evidence.
  
  One of the methods of doctoring is to apply a rare metal, indium, to the surface and build full heads on Standing Liberty quarters and full split bands on Mercury dimes.
  
  Indium, however, breaks down over time, leaving an ugly residual on the coin’s surface. That’s when PCGS gets contacted to trigger the buyback guarantee for coins that PCGS graded.
  
  Because indium is so rare, Vartian said there is one supplier in the world and he will find out who the clients are.
  
  Vartian said the original PCGS complaint was never served on the defendants because he knew it would be amended.
  
  Hall said he expected more buybacks of previously graded coins that had avoided detection and he also said PCGS would get more aggressive in this case rather than explore a settlement. This opens the door to additional lawsuits and efforts to recover damages.
  
  It will be the middle of September before additional legal filings will occur."

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• RyGuy Posts: 1,464 ✭✭✭

  August 19, 2010 4:15AM

  They say that indium is so rare that only one source supplies it so they'll be able to find the clients, but I highly doubt a coin doctor would be buying such large quantities. If anything, they're buying small ingots through various outlets online. They're listed on eBay for crying out loud.

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• TPRC Posts: 3,814 ✭✭✭✭✭

  August 19, 2010 4:20AM

  
  
  << <i>...what say you? >>
  
  
  
  Thank you...very interesting.

  Tom

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• 19Lyds Posts: 26,492 ✭✭✭✭

  August 19, 2010 4:27AM

  
  
  << <i>They say that indium is so rare that only one source supplies it so they'll be able to find the clients, but I highly doubt a coin doctor would be buying such large quantities. If anything, they're buying small ingots through various outlets online. They're listed on eBay for crying out loud. >>
  
  What the???
  
  So much for using that as evidence!

  I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
  
  
  
  The name is LEE!

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• SanctionII Posts: 12,657 ✭✭✭✭✭

  August 19, 2010 4:31AM

  Sounds like detecting the methods used by coin doctors is an area that could use the services of CSI.
  
  High tech, cutting edge, investigative science at work.

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