Author Topic: Fake NGC slab danger  (Read 100787 times)

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Offline panda88

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Offline Hippanda

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Re: Fake NGC slab danger
« Reply #46 on: November 16, 2012, 06:30:47 PM »
Yes, that makes it three different sellers sold or selling this same cert number 3356524-158, plus
Another in same series 3356524-140, as speculated by SANDAC.  

Its Possible to assume that many of these fakes with same cert numbers are out there, also wonder if a couple sales by a certain seller were not returned in all cases, but simply duplicates sold? Only Jimmy knows,
Maybe can share with us?  Did that Mazu sell three times and was returned three times? Or sold three times and returned only last sale? How to explain three sellers all selling same cert number? (And no they did not steal your photos. )
« Last Edit: November 16, 2012, 06:37:42 PM by Hipanda »
"He who speaks without modesty will find it difficult to make his words good."

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Offline 从心出发

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Re: Fake NGC slab danger
« Reply #47 on: November 16, 2012, 06:54:14 PM »
PCGS also have graded some of the fake 1/4oz gold medal.

Offline Hippanda

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Re: Fake NGC slab danger
« Reply #48 on: November 16, 2012, 07:19:09 PM »
Oh, and lets not forget the -206 and  -208 sold by Belleview Rare Coins (does anyone know them
well enough to ask?) and the infamous 1- day auction with blurry photos selling two each. -140 by erobinson124
"He who speaks without modesty will find it difficult to make his words good."

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Offline SANDAC

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Re: Fake NGC slab danger
« Reply #49 on: November 16, 2012, 08:21:52 PM »
I understand it is controversial to mention our ex-admin's pet project, but eBay transactions involving 3356524-158, -140, -206, -208 are collectively logged 37 times in the CC database dating back to Mar 15 2012.  

The fundamental flaw of faking NGC/PCGS holder is that prospective buyers will do fair-market research on eBay, CCF, Google, or even CC and discover repeated sales of a given cert number.  They'll ask question, then the scam is exposed.


Offline Hippanda

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Re: Fake NGC slab danger
« Reply #50 on: November 16, 2012, 09:13:49 PM »

...the scam is exposed.



If its a bad one.
"He who speaks without modesty will find it difficult to make his words good."

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Offline poconopenn

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Re: Fake NGC slab danger
« Reply #51 on: November 17, 2012, 05:01:03 PM »

What is up with this 1987 Mazu medal? There are real ones in real NGC slabs, different ones we have to assume fake in the same numbered slab, and now fake ones in Modern Coin Mart Custom slabs?

http://www.ngccoin.com/certlookup/CertResults.aspx?CertNumber=3589198-001


NGC deleted the picture of this fake coin in genuine Modern Coin Mart Custom slab from its website yesterday.

Offline poconopenn

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Re: Fake NGC slab danger
« Reply #52 on: November 17, 2012, 05:34:14 PM »
I understand it is controversial to mention our ex-admin's pet project, but eBay transactions involving 3356524-158, -140, -206, -208 are collectively logged 37 times in the CC database dating back to Mar 15 2012. 

The fundamental flaw of faking NGC/PCGS holder is that prospective buyers will do fair-market research on eBay, CCF, Google, or even CC and discover repeated sales of a given cert number.  They'll ask question, then the scam is exposed.



This is the exact problem of CC and you just prove my concern. Too many fake coins were entered into CC date base. They are being perceived by some users as new variety or restrike. There is no quality control of coin entered. 

Offline Birdman

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Re: Fake NGC slab danger
« Reply #53 on: November 17, 2012, 06:24:59 PM »
NGC deleted the picture of this fake coin in genuine Modern Coin Mart Custom slab from its website yesterday.

The next one in the series for that submission (002) was graded as NOT GENUINE.

http://www.ngccoin.com/certlookup/CertResults.aspx?CertNumber=3589198-002

So Modern Coin Mart submitted two, and NGC initially deemed one genuine and one not genuine?  And then NGC went back and deleted the "genuine" one?  I assume someone on this forum gave NGC the heads up?

Why does Modern Coin Mart keep coming up in recent discussions (fake coins, shill bidding...?).  Are they just unlucky, and a dealer who has a few problems only because of their high volume of coin transactions?

Offline SANDAC

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Re: Fake NGC slab danger
« Reply #54 on: November 17, 2012, 06:32:48 PM »
This is the exact problem of CC and you just prove my concern. Too many fake coins were entered into CC date base. They are being perceived by some users as new variety or restrike. There is no quality control of coin entered. 
You may be surprised that I agree 100% with you to the basic framework of Coin Compendium.  It is (I'm quoting Wikipedia) written collaboratively by largely anonymous Internet volunteers who write without pay. Anyone with Internet access can write and make changes to Wikipedia CC articles. 

Wikipedia is a crazy concept, I know, yet I can't argue with its success.  CC may or may not go down the same path.  We'll see...

Offline Hippanda

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Re: Coin Compendium danger ?
« Reply #55 on: November 17, 2012, 08:03:21 PM »
A question regarding the Coin Compendium-

Is it a "For Profit " site?

Does the owner make money off it currently in any way,
or have the ability to sell it and / or the information?
"He who speaks without modesty will find it difficult to make his words good."

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Offline Hippanda

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Re: Fake NGC slab danger
« Reply #56 on: November 17, 2012, 08:17:35 PM »
I was just poked and told that may not be a question that should be asked. 

So, instead,

Who all "owns" the Coin Compendium?

Do any current members or Moderators here have a financial interest in it?

"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline pandaccumulator

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Re: Fake NGC slab danger
« Reply #57 on: November 17, 2012, 08:24:59 PM »
I was just poked and told that may not be a question that should be asked. 

So, instead,

Who all "owns" the Coin Compendium?

Do any current members or Moderators here have a financial interest in it?


Good question.

Offline SANDAC

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Re: Fake NGC slab danger
« Reply #58 on: November 17, 2012, 09:34:22 PM »
Hipanda,
You've started a very informative thread on Fake NGC slab danger.  If you agree, perhaps we can move this portion of discussion to a different topic under "general discussion" starting from my reply #54?  I actually have never done this before, so there is a chance I'll blow this portion sky high.  I'll risk it to save an informative topic.

Offline Hippanda

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Re: Fake NGC slab danger
« Reply #59 on: November 17, 2012, 09:53:18 PM »
I prefer it not be moved, since we are talking about the recent fakes being entered into the Coin Compendium, the accuracy of its data, the relevance of its data considering over thirty of these entries regarding these fakes alone got past everybody, and the potential for mis-use of its data. That all can be influenced by who owns the site, and who financially benefits from it, and knowing whether it is all above board will make collectors whose coins are on it, rest assured.
It makes for a nice continuing topic.

It's not like anybody currently here has anything to hide, ?



« Last Edit: November 17, 2012, 09:57:32 PM by Hipanda »
"He who speaks without modesty will find it difficult to make his words good."

Confucius