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Fake Kugerrand Found in NGC Holder

Posted: Tue Nov 17, 2015 7:41 am
by Daniel

Re: Fake Kugerrand Found in NGC Holder

Posted: Tue Nov 17, 2015 8:58 am
by mhonzell
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.

Re: Fake Kugerrand Found in NGC Holder

Posted: Tue Nov 17, 2015 8:58 am
by Paul
SURPRISED.......??

:s NOT AT ALL! :s

Re: Fake Kugerrand Found in NGC Holder

Posted: Tue Nov 17, 2015 9:38 am
by mhonzell
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

Re: Fake Kugerrand Found in NGC Holder

Posted: Tue Nov 17, 2015 3:25 pm
by dipper13
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

Re: Fake Kugerrand Found in NGC Holder

Posted: Tue Nov 17, 2015 4:16 pm
by mhonzell
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?