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The Chip Board Archive 04

Re: The slabbing issue
In Response To: Re: The slabbing issue ()

Nothing like clicking a stack of chips in your hand. ;-)

Now here's something interesting. I don't think this would happen with chips or tokens, but it's interesting how slabbing actually saved someone from a fraud.

http://dailynews.yahoo.com/h/ao/20001221/cr/woman_indicted_in_ebay_coin_scam_1.html

According to a federal affidavit, eBay notified the U.S. Secret Service on Sept.

23, 1999, that someone was trying to fraudulently sell a coin described as an

1879 Morgan silver dollar minted in Carson City, Nev. The seller said the coin

had a Professional Coin Grading Service seal.

According to eBay, such a coin would be worth about $250,000.

Bidding on the coin reached $233,500 before the coin service notified bidders

that the seal was actually a fake. Prestwich allegedly sent an angry e-mail to

the service, expressing disgust at its actions.

-=-=-

I suppose this is one instance where slabbing does more than make the coin

certified and graded. Short version is that the original seal was altered to

make it into a rare coin, instead of a common one, and the company that

slabs coins notice it was altered.

A few good articles off this link.

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The slabbing issue
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