Chinese Coins Forum

Resources => Website Links => Topic started by: 1668Chris on August 30, 2013, 08:11:34 AM

Title: Fake Slabs to become illegal in US
Post by: 1668Chris on August 30, 2013, 08:11:34 AM
I found this website helpful as it has news you cannot find anywhere else:

Here is the article on fake slabs:

http://coinsweekly.com/en/page/4?&id=2241

Here is another article on PCGS introducing new tamper proof slabs for China coins:

http://coinsweekly.com/en/News/4?&id=2231

You can subscribe for free for weekly updates.
Title: Re: Fake Slabs to become illegal in US
Post by: Hippanda on August 30, 2013, 11:47:31 AM
Oh good. So then counterfeiters, who are criminals, will
now stop counterfeiting slabs because these (too) are now illegal?

Oh, that should dissuade them. Right.
Title: Re: Fake Slabs to become illegal in US
Post by: NBM on August 31, 2013, 03:54:06 PM
Oh good. So then counterfeiters, who are criminals, will
now stop counterfeiting slabs because these (too) are now illegal?

Oh, that should dissuade them. Right.

Probably not the counterfeiters but the shady sellers who offer them for sale will now be under more pressure.
Title: Re: Fake Slabs to become illegal in US
Post by: pandacoins on August 31, 2013, 06:26:43 PM
That's good news.
Title: Re: Fake Slabs to become illegal in US
Post by: PandaCollector on September 01, 2013, 05:48:33 PM
Oh good. So then counterfeiters, who are criminals, will
now stop counterfeiting slabs because these (too) are now illegal?

Oh, that should dissuade them. Right.

This will allow the Customs Service to seize the slabs and their contents.

Best wishes,
Peter Anthony
China Pricepedia
www.pandacollector.com
Title: Re: Fake Slabs to become illegal in US
Post by: Hippanda on September 01, 2013, 06:02:51 PM
I optimistically hope so. However if we find ourselves at the point where Customs is seizing shipments big enough to bother with, the damage to the reputation and value of certified coin collecting may already be dealt a mortal blow and discourage new collectors/ investors from entering the market.

But problems I see possibly limitting the effectiveness of enforcement:

1) These slabs are getting so realistic as to be tough to determine actual counterfeits.
2) Relative Small-time nature of the counterfeiting allow small mobile operations, and "flooding the market" would limit values and kill counterfeiters market so there is some pressure for them to keep operations small.
3) fake plastic slabs are so low-cost to manufacture, and once word spreads on details, so easy to do in small
operations, that the costs to investigate, interecept and prosecute may be tough to justify by authorities.

So far we've been only able to tell the fakes by the crudely done medals inside.  No telling what has been or may be passed as real if/ when the counterfeiters up the quality of their fakes.  


Title: Re: Fake Slabs to become illegal in US
Post by: poconopenn on September 01, 2013, 07:10:40 PM
Counterfeit holders may be actually made in USA.