Author Topic: Fake PCGS MS 63 1916 Yuan Shih Kai dollar  (Read 10847 times)

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Offline poconopenn

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Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« on: November 06, 2009, 03:57:49 PM »
 
The following link is a fake PCGS MS 63 1916 Yuan-shih Kai dollar :

http://cgi.ebay.com/PCGS-MS63-China-1916-Yuan-Shih-Kai-Dollar_W0QQitemZ310179775174

This seller is located in China and has feedback more than 1,700 and 100 % positive. The listing  has many very expensive certified Chinese coins which may not be genuine.
 
The recent pedigree at Heritage (Jan. 2009 New York World Auction) link is given below. It has the same Cert. # 13699636, but differs in bar code and coin. The final value of HA is $2,990.

http://coins.ha.com/common/view_item.php?Sale_No=3004&Lot_No=20603&src=pr#

If you are not member of Heritage, you need to register to become a member in order to see the pictures of PCGS slab of this coin. The registration is free and quick.




Offline poconopenn

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #1 on: November 06, 2009, 04:03:40 PM »
Snowball

Please let me know the way to upload the picture. There is a very good chance that the above mentioned ebay item may be removed by ebay shortly. I have copied the picture of this PCGS coin. In case ebay removes this item, I still can upload the picture here for every body to see it. Thanks.

Offline snowball

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #2 on: November 06, 2009, 04:46:32 PM »
Snowball

Please let me know the way to upload the picture. There is a very good chance that the above mentioned ebay item may be removed by ebay shortly. I have copied the picture of this PCGS coin. In case ebay removes this item, I still can upload the picture here for every body to see it. Thanks.

poconopenn

To attach images (max. 5 per post), click on Additional Options below the Posting box.   :001_smile:



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Colin
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Offline poconopenn

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #3 on: November 06, 2009, 06:29:33 PM »
Attached are pictures of fake PCGS slabs.  

First picture is from Heritage auction , Jan 2009 at New York City and second picture is the fake coin listed by "global-trading-cn". Please note the difference in barcode and coin while the Coin # and Cert. # are identical. The HA ended at $2,990 while the fake coin ended at $1243.


  
« Last Edit: November 19, 2009, 01:59:29 PM by poconopenn »

Offline snowball

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #4 on: November 06, 2009, 06:37:36 PM »
poconopenn,

The image file's extention should be either .jpg or .gif.  you should first download that images to your computer, then attach them to your post.  if you still have difficulty, let me know.   :001_smile:
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Colin
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Offline snowball

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #5 on: November 06, 2009, 07:15:18 PM »
yep.  document files with images attached work too.   :biggrin:
Thanks for the information. 
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Colin
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Offline poconopenn

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #6 on: November 11, 2009, 10:52:15 PM »
Here is another fake PCGS slab, 1908 Empire dollar, KM-Y14, PCGS AU 50 (seller: yoshi2087)  Pictures of this fake slab are given in the attachment of this post  for future reference, in case ebay remove this listing shortly.

http://cgi.ebay.com/1908-PCGS-AU50-China-Qing-Silever-coin_W0QQitemZ280422144392

Pedigree from Heritage (May 30, 2007, Long Beach as in the following link) is in a PCGS old green holder. The fake slab, which is in a newer version of PCGS holder, has the identical cert. # and coin # to the pedigree coin, but the barcode is incorrect and coin inside the holder is also fake. The pictures of Heritage Auction coin is also given in the attachment as reference.    

http://coins.ha.com/common/view_item.php?Sale_No=440&Lot_No=50513&src=pr#Photo

    
« Last Edit: November 19, 2009, 04:25:19 PM by poconopenn »

Offline hc286

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #7 on: November 12, 2009, 03:21:32 PM »
Looks like the 1908 dollar was removed by ebay.

I wonder why did ebay has not removed the Yuan shi kai dollar yet? Anybody reported it?

Offline poconopenn

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #8 on: November 12, 2009, 11:21:35 PM »
All fake PSGS slabs were reported to ebay as well as PCGS.

Seller "yoshi2097" has a low feedback (single digit) and also listed many fake trade and morgan dollars at the same time. I expect this seller will be suspended shortly.

Seller "global-trading-cn" is a "Top Rating Seller" and has a feedback more than 1700 with 100% positive. There is no question that ebay treats seller based on the ablility to contribute the bottom line of the ebay. All items listed by this seller are quite rare and expensive. There are three coins have a BIN value in five figures (two of them more than $50,000).

PCGS is very slow in reacting to fake PCGS slabs. This seller claims to be a PCGS and NGC dealer and ANA member in seller's "me" statement.

Offline poconopenn

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #9 on: November 17, 2009, 11:22:11 PM »
Seller "golobal-trading-cn" received a negative feedback on Nov. 13.

The buyer left the followong:

COUNTERFEIT COPY COIN!!! ANACS AUTHENTICATED!!! BUYER BEWARE!!! theemuel ( 643)  Nov-13-09 16:45

This seller just made all listing as "private". Ebay has not removed those fake PCGS slabbed items yet.

This seller has three new listings of UNC gold pattern coin with BIN price at five figures. They are "raw" coins.
« Last Edit: November 17, 2009, 11:35:06 PM by poconopenn »

Offline poconopenn

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #10 on: November 22, 2009, 05:00:15 PM »
Very interesting!

The seller "yoshi2097" who is selling fake PSGS slabs just left a feedback to "global-trading-cn", another known seller of fake PCGS slabs. Both sellers are referered in this topic.

http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=yoshi2087&ftab=AllFeedback


Offline poconopenn

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #11 on: December 20, 2009, 04:31:25 PM »

PCGS just places a limit of libility to cover grading and authenticating of world coins, especially, Chinese coins. Here is the link to the news article.

http://www.pcgs.com/articles/article_view.chtml?artid=5972&universeid=313

The following is the copy of part of the letter regarding libility limit of Chinese coins.

"We are also making two important changes to the PCGS Grading Guarantee effective for PCGS graded world coins and copper coins graded or sold after January 1, 2010. For world coins (i.e. non-U.S. coins), we will have a limit on our guarantee of $10,000 per coin. And for Chinese coins, we will have a limit on our guarantee of $1,000 per coin."

Apparently, PCGS has a difficulty time to differentiate fake rare Chinese coins from genuine and does not want to grade and authenticate the rare Chinese coins any more.

Offline snowball

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Re: Fake PCGS MS 63 1916 Yuan Shih Kai dollar
« Reply #12 on: December 20, 2009, 05:01:27 PM »

PCGS just places a limit of libility to cover grading and authenticating of world coins, especially, Chinese coins. Here is the link to the news article.

http://www.pcgs.com/articles/article_view.chtml?artid=5972&universeid=313

The following is the copy of part of the letter regarding libility limit of Chinese coins.

"We are also making two important changes to the PCGS Grading Guarantee effective for PCGS graded world coins and copper coins graded or sold after January 1, 2010. For world coins (i.e. non-U.S. coins), we will have a limit on our guarantee of $10,000 per coin. And for Chinese coins, we will have a limit on our guarantee of $1,000 per coin."

Apparently, PCGS has a difficulty time to differentiate fake rare Chinese coins from genuine and does not want to grade and authenticate the rare Chinese coins any more.

poconopenn

Thanks for the article!
Happy Collecting!  快乐收藏!

Colin
CE Collection Inc.
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