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It is a very basic aspect of human nature to form opinions based on self experience or that of others in proximity. I am not blaming you for it, but that is not what I meant at all. Let me elaborate the concept I had in my mind. When an individual sends a coin in for grading, TPG's could give them a secret access code/token (via email or printed form alongside the return shipment) to access a private set of pictures. Just like the verify certification page, the TPG's could also have a similar sort of page say the Owners Corner. This is the page whence the secret code is entered, the private set of pictures can be viewed. Now, when a transaction occurs, the owner furnishes the actual item alongside this secret code. So, basically the TPG is just hosting the private set and they do not get to or need to have knowledge of ownership. As far as the "too many graded coins" argument by some is concerned, lets separate the wheat from the chaff. The TPS's could implement this concept for coins valued at $1000 or over (value declared in the grading form or the TPG's own assessment/price guide). This would make sense as high valued coins are the primary targets of counterfeiters, also it would reduce the sample size by at least 70-80%.
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GoldFinger1969 reacted to a post in a topic: This thread ATS might be interest - counterfeit slabs and coins
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GoldFinger1969 reacted to a post in a topic: This thread ATS might be interest - counterfeit slabs and coins
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Well....I can certainly say that I have made mistakes and learned quite a lot from them. For example, one of my personal experiences in this thread. It is a bit too bold to go swim in crocodile infested waters and expect no harm. People must do the bare minimum as far as due diligence is concerned (in this case buying costly collectibles from a seller who has 0 ratings and has been on eBay for less than a year). This fact is stressed repeatedly for good reason. I have also noticed (may be I am wrong) that it is more often than not the PCGS coin slabs that are prone to such counterfeiting. One solution TPG's could consider is imaging/photographing coins within the slab (the complete unit, available for public viewing on the website of the TPG) and images of both sides of the coin in detail, that too remain in the TPG's database but only for the owner to view. (The one who gets it graded is the first owner, when a transaction happens, the owner has to furnish the actual item alongside access to the pictures and so on for future transactions). This would be a slightly resource consuming but a very effective safety net. P.S: I believe the whole Community has to come together (TPG's, collectors etc) to keep collecting safe. Whenever, I have come across counterfeits for coins I was interested in, I have messaged senior members like MarkFeld and some others, to raise voice in a strong, collective manner.
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Joydeep reacted to a post in a topic: For the love of silver
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Joydeep reacted to a post in a topic: For the love of silver
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Oh man.....perhaps the OP is aiming for puerile comedy.....if unintentional (one has to be unfamiliar with US coinage), it must be due to the wear on the coin that the OP and possibly others might mistake the E in CENT as a U.
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GoldFinger1969 reacted to a post in a topic: Are Die Cracks of any significance ?
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Coinbuf reacted to a post in a topic: For the love of silver
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Mohawk reacted to a post in a topic: For the love of silver
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AcesKings reacted to a post in a topic: For the love of silver
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R__Rash reacted to a post in a topic: For the love of silver
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rrantique reacted to a post in a topic: For the love of silver
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Lem E reacted to a post in a topic: For the love of silver
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Woods020 reacted to a post in a topic: For the love of silver
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I avoid toned coins as much as possible unless it is exceptionally beautiful. Then again the cliche "beauty lies in the eyes of the beholder" is very true.
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Is there any way OP can determine the composition of this....an important lesson indeed but not necessarily a loss yet (I know its like expecting decency from a counterfeiter but I am being optimistic for the OP's sake).
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Joydeep reacted to a post in a topic: For the love of silver
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Joydeep reacted to a post in a topic: For the love of silver
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Joydeep reacted to a post in a topic: For the love of silver
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Joydeep reacted to a post in a topic: For the love of silver
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Is this considered ethical? How do they get by NGC?
Joydeep replied to Jerry Picker's topic in US, World, and Ancient Coins
A coin graded by a top tier TPG like NGC will fetch more than if it was sold raw. The seller did what he had to do (including sending them in for grading) and taking the risk (could have gotten details grade). He has generated much greater wealth in this process. I guess Capitalism in this sense of the word. -
Coincidence or Someone Having Fun?
Joydeep replied to gmarguli's topic in US, World, and Ancient Coins
Well....certain terms in the west (unfortunately and everyone knows why it is so) have a negative | supremacist connotation. Being from the Indian Community myself I would like to tell everyone that names like Aryan and Swastika are quite common in our community (especially in the Hindu community). In the east they have a positive implication. -
Due to the enormous delays, I grew skeptic as to what the thinking and strategy was. I sincerely hope this was not the plan all along. I see even the Early Bird Tier has been already updated to $38 from $35.