Some people here may know who Logan McKechnie is, he is a Morgan Dollar dealer, an attorney by trade and a frequent contributor to Vamworld. He posted a story about a possible fake 1879-CC in a fake PCGS holder and I will just copy it verbatim. He can explain it better than I.
"Just got a call from a very good dealer who was seeking a fair price to offer a customer in his shop on a 1879 CC in a PCGS MS-63 holder. The reason for the call: the coin was a Reverse of 1878. A quick call to John Roberts resulted in an agreement that even a TPG service couldn't make that mistake and John's suggestion that a magnet be put up to the slab. My dealer friend tried to buy the coin at a reasonable price and could not. [Second converstation: story from the seller was that he had won this coin and several others (1883-S, 1884-S, 1892-S, etc.] in a poker game.] It's scary out there folks."
Then another gentleman who recently got a job as a grader at NGC summarized a post from the PCGS forum:
"now, heres a REAL bad problem that was brought up on the PCGS forums:
Whats stopping someone from sending in one of these high quality fakes (the recent 89 CC's are very good) and getting a reholder? Does PCGS even look at the coin for a reholder? Thats the question."
My question is, has anyone checked the certification number on a fake PCGS holder? If a person was to put together a fake PCGS holder for a fake VF '89-CC, he could duplicate the certification number from a real '89-CC. Then if PCGS merely checked the certification number when they reholdered, that control would be compromised. On the other hand, you would think PCGS, or NGC could identify a fake holder on sight. What do you think, Rusty?
