Fake Kugerrand Found in NGC Holder

Post what's happening in the coin world. New things you discover or trends in the market. World coin or U.S. Coin release or design changes.

Moderator: Daniel

Post Reply
Message
Author
User avatar
Daniel
Administrator
Administrator
Posts: 12805
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Has thanked: 11 times
Been thanked: 16 times
Contact:

Fake Kugerrand Found in NGC Holder

#1 Unread post by Daniel » Tue Nov 17, 2015 7:41 am




User avatar
mhonzell
Administrator
Administrator
Posts: 2181
Joined: Mon Jul 22, 2013 2:14 pm
Location: Missouri
Has thanked: 2 times
Been thanked: 9 times
Contact:

Re: Fake Kugerrand Found in NGC Holder

#2 Unread post by mhonzell » Tue Nov 17, 2015 8:58 am

Article wrote:“Before making the purchase, the employee checked the NGC website to see if the certification number and coin description matched, [and] they did.”

Manley later inspected the coin.
Buy the coin, not the holder.
It can never be stressed enough.
That said, it is nearly impossible to know the details of every type of holder and label these companies have produced over the years and the details that determine if they are real, or fake.

Instead, you must know the coin you are buying. An impulse purchase is always a gamble.

User avatar
Paul
Master Die Variety Attributer
Master Die Variety Attributer
Posts: 4980
Joined: Wed May 29, 2013 9:19 pm
Has thanked: 7 times
Been thanked: 10 times

Re: Fake Kugerrand Found in NGC Holder

#3 Unread post by Paul » Tue Nov 17, 2015 8:58 am

SURPRISED.......??

:s NOT AT ALL! :s
C.O.N.E.C.A. Wi State Rep
Fly-In Club Wi State Rep

User avatar
mhonzell
Administrator
Administrator
Posts: 2181
Joined: Mon Jul 22, 2013 2:14 pm
Location: Missouri
Has thanked: 2 times
Been thanked: 9 times
Contact:

Re: Fake Kugerrand Found in NGC Holder

#4 Unread post by mhonzell » Tue Nov 17, 2015 9:38 am

While this is information on only one of many holders, it gives a clue as to what to assess when looking at the holders to determine if they are fake:

Fake NGC Holder

dipper13
Forum Supporter
Forum Supporter
Posts: 1030
Joined: Sun Oct 03, 2010 8:24 pm

Re: Fake Kugerrand Found in NGC Holder

#5 Unread post by dipper13 » Tue Nov 17, 2015 3:25 pm

The frightening thing is that in many places you do business there is little time to evaluate before you buy. The holder looks like an NGC holder. The thieves are getting more and more sophisticated. Wow

User avatar
mhonzell
Administrator
Administrator
Posts: 2181
Joined: Mon Jul 22, 2013 2:14 pm
Location: Missouri
Has thanked: 2 times
Been thanked: 9 times
Contact:

Re: Fake Kugerrand Found in NGC Holder

#6 Unread post by mhonzell » Tue Nov 17, 2015 4:16 pm

They are now unsealing the holders, replacing the coin inside with a lesser, or counterfeit version and then resealing them.

The TPGs are not helping in this case because the holder has been tampered with making them no longer responsible. The attitude is quickly developing that the holder means nothing, so why send them in?

Post Reply