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#1
April 27th 05, 04:07 AM
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PCGS slabs 95 counterfeit Morgans and offers to make guarantee good
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#2
April 27th 05, 04:32 AM
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I wonder how many are in the other certification companies holders and
what they will do. NGC and ANACS maybe. ACG, NTC and PCI it will have to be a cold day in hell for them to admit a mistake and make restitution. David
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#3
April 27th 05, 02:28 PM
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On Tue, 26 Apr 2005 22:07:19 -0500, "Bill Krummel"
wrote: Article is dated April 25; http://www.pcgs.com/articles/article...universeid=313 Bill Wow! Maybe these coins should be certified as a certain type -- maybe a Bill Brown dollar :-) with Bill being the pseudonym of this ingenious counterfeiter. Wonder how many were made. And I wonder what other years may have been affected that we don't know about yet. Anita
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#4
April 27th 05, 02:32 PM
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On 26 Apr 2005 20:32:03 -0700, "dmzcompute"
wrote: I wonder how many are in the other certification companies holders and what they will do. NGC and ANACS maybe. ACG, NTC and PCI it will have to be a cold day in hell for them to admit a mistake and make restitution. David Maybe no restitution will be needed. The counterfeits may create more interest now that they have been revealed. They may be worth more than the legit O coins of the years. Anita
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#5
April 27th 05, 02:40 PM
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On Tue, 26 Apr 2005 22:07:19 -0500, "Bill Krummel"
wrote: Article is dated April 25; http://www.pcgs.com/articles/article...universeid=313 Bill They are out there being sold still :-) http://cgi.ebay.com/ws/eBayISAPI.dll...0748 028&rd=1 Anita
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#6
April 27th 05, 09:51 PM
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On Wed, 27 Apr 2005 13:40:31 GMT, Anita wrote:
On Tue, 26 Apr 2005 22:07:19 -0500, "Bill Krummel" wrote: Article is dated April 25; http://www.pcgs.com/articles/article...universeid=313 Bill They are out there being sold still :-) http://cgi.ebay.com/ws/eBayISAPI.dll...0748 028&rd=1 Anita The seller doesn't seem too concerned that the coin has been identified as being counterfeit (scroll to the bottom of the listing). Of course, if PCGS is correct, you can't legally own it, sell it or give it away.
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#7
April 27th 05, 10:15 PM
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On Wed, 27 Apr 2005 16:51:01 -0400, Phil DeMayo
wrote: .... http://www.pcgs.com/articles/article...universeid=313 .... http://cgi.ebay.com/ws/eBayISAPI.dll...0748 028&rd=1 .... The seller doesn't seem too concerned that the coin has been identified as being counterfeit (scroll to the bottom of the listing). Of course, if PCGS is correct, you can't legally own it, sell it or give it away. Some of us sent links to the article to this seller and to another one that was selling a very expensive one of another year -- http://cgi.ebay.com/ws/eBayISAPI.dll...sPageName=WDVW I don't think that either plan to pull their auctions. Actually, I wouldn't mind owning one. It would be interesting to start a collection of bad coins -- counterfeits, whizzed, addee mint marks, etc. I don't want to pay $3750 for a counterfeit, though. Maybe $37.50 would be okay :-) Anita
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#8
April 27th 05, 10:49 PM
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On Wed, 27 Apr 2005 21:15:52 GMT, Anita wrote:
Actually, I wouldn't mind owning one. It would be interesting to start a collection of bad coins -- counterfeits, whizzed, addee mint marks, etc. I don't want to pay $3750 for a counterfeit, though. Maybe $37.50 would be okay :-) Anita Before you undertake an endeavor such as this keep in mind that counterfeit and altered coins are defined as contraband in US Code and are subject to seizure Additionally, the Department of Justice periodically issues a directive to the Secret Service reminding them that they may seize any vehicle used to transport counterfeit coins. Food for thought.
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#9
April 27th 05, 10:59 PM
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On Wed, 27 Apr 2005 17:49:36 -0400, Phil DeMayo
wrote: Before you undertake an endeavor such as this keep in mind that counterfeit and altered coins are defined as contraband in US Code and are subject to seizure Additionally, the Department of Justice periodically issues a directive to the Secret Service reminding them that they may seize any vehicle used to transport counterfeit coins. Does this include mail trucks? :-) My major concern would be that we don't live forever, so counterfeit or altered coins would have to be marked to keep them from entering future markets. The idea of marking a coin is very unappealing. Anita
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#10
April 27th 05, 11:14 PM
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On Wed, 27 Apr 2005 21:59:20 GMT, Anita wrote:
On Wed, 27 Apr 2005 17:49:36 -0400, Phil DeMayo wrote: Before you undertake an endeavor such as this keep in mind that counterfeit and altered coins are defined as contraband in US Code and are subject to seizure Additionally, the Department of Justice periodically issues a directive to the Secret Service reminding them that they may seize any vehicle used to transport counterfeit coins. Does this include mail trucks? :-) My major concern would be that we don't live forever, so counterfeit or altered coins would have to be marked to keep them from entering future markets. The idea of marking a coin is very unappealing. Anita One poster to this newsgroup would suggest that you only need to mark the holder containing the coin. That is insufficient. As I just told Bruce H. in the "Fake 1914-D" thread, the definition of "imitation numismatic item" in the Hobby Protection Act includes counterfeit coins. Thus, the word COPY, conforming to the Act's marking requirements, stamped on one of the faces of the coin is the way to go.
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