Fake slabbed coins are a problem in numismatics. There are literally millions of coin collectors being taken advantage by fake United States coins manufactured in China entering the marketplace. Although, China manufactures the majority of these counterfeit coins, there are many players in this international fraud business.
Usually, these coins are slabbed in fake PCGS or NGC holders.
Rare coins carry high sales prices thereby enticing the interest in counterfeiters. This is due to the demand of low mintage coins or the low population count for certain quality mint state coins.
A coin collector may ask themselves, how do they know for certain the coins they intend to buy are genuine and authentic?
An excellent way to buy genuine and authentic coins would be to buy from a trusted dealer and auction house.
In a recent interview Ian Russell, CEO of GreatCollections explained how the company he founded became a trusted dealer and auction house by describing some of its operations.
GreatCollections provides the assurance that coins sold on their website are genuine and authentic, since they diagnostically inspect and consistently photograph every coin sent to their place of business for consignment. GreatCollections stands behind everything they offer.
GreatCollections maintains a permanent archive of all coins sold along with detailed images. This service provides another assurance you are receiving genuine and authentic coins.
The genuine and authentic diagnostic assurance by GreatCollections serves as a twofold purpose. Firstly, it provides a degree of confidence to the buyer. Secondly, sellers can be assured their coins have been inspected by a third party merchant before being sold.
Coin collectors buy on the internet somewhat as a local business, since they place the coin in the shopping cart on their computer then checkout and receive the coin at there home.
Coin collectors should look for authorized PCGS and NGC dealers when making their coin purchases. Great Collections are authorized by both PCGS and NGC, thus providing another layer of assurance you are buying from a reputable company.
Professional Coin Grading Service has a 10 day free trial offer for coinfacts.
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Highest prices paid on U.S. Coins – Your choice either private treaty or online auction method of marketing. Low selling fees. Contact author.