The counterfeit/ fake PCGS slab problem seems to be growing exponentially…: My Deep Dive into the Crisis

As a longtime coin collector, I’ve been tracking the surge in counterfeit PCGS slabs, and it’s genuinely alarming how this issue is escalating. In recent weeks, I’ve observed an exponential increase in fake holders flooding the market, especially targeting key dates like Morgans. My experience has shown that what was once a rare nuisance has become a daily battle for authenticity, threatening the very core of our hobby.

Spotting the Telltale Signs of Fake Slabs

Through my own investigations, I’ve learned to identify red flags that can save you from costly mistakes. For instance, when examining a slab, I always start with the label details—something as simple as the word “Morgan” appearing on pre-1921 issues is a dead giveaway, since PCGS only used it for 1921-P Morgans. I also check for the PCGS logo in the lower right corner of the obverse; if it’s missing or misplaced, that’s a major warning.

• Compare to known genuine varieties: I attribute coins using VAM guides to spot inconsistencies in design, like the absence of the telltale ‘slash’ across the eagle’s breast on CC Morgans.
• Test the barcode: In my hands-on reviews, I’ve found that fake slabs often have barcodes that don’t scan properly, so I always verify with a scanner app.
• Examine the font: The text on counterfeit holders is usually close but not exact—look for subtle off-kilter spacing or thickness that feels unnatural.

For example, I recently encountered fakes of 1893-CC and 1880-CC Morgans that popped up online, and these visual checks helped me confirm their illegitimacy quickly.

Why This Threatens Our Collecting Community

This wave of counterfeits isn’t just a minor inconvenience—it’s eroding trust in the hobby, especially for casual collectors like I once was. I remember feeling confident buying slabbed coins years ago, assuming they were guaranteed genuine. Now, with fakes slipping past TPGs and even fooling dealers, it’s becoming a lottery. The barrier to entry is sky-high; it took me over a decade to build the expertise to spot fakes reliably, and I still make mistakes. If we don’t address this, it could drive newcomers away, shrinking the market and devaluing genuine collections.

Practical Steps to Protect Your Collection

Based on my journey, I’ve compiled actionable advice to safeguard your investments. First, embrace self-education—study resources like the Redbook, attend coin shows, and learn from trusted dealers. I’ve found that building a network of reliable sources is crucial; don’t rely solely on slabs for authentication.

• Use visual comparisons: I create side-by-side images of fake and genuine slabs to highlight differences, which has been invaluable for spotting fakes in online listings.
• Advocate for better tech: I’m pushing for innovations like QR codes with anti-counterfeit features in slabs to stay ahead of scammers.
• Stay vigilant online: Monitor auction sites closely, as fakes often reappear after removal—I report suspicious listings immediately.

Also, consider creating or accessing educational guides, such as PDFs on spotting fakes, to empower fellow collectors. This proactive approach has saved me from losses, like when I avoided a dealer trying to pass off fake Morgans years ago—a hard lesson that underscored the importance of knowledge.

Ultimately, while the fake slab problem is daunting, we can combat it with vigilance and community support. Keep honing your skills, share insights, and together, we’ll preserve the joy of numismatics for generations to come.