Phoney Pandas

Discussion in 'Modern Chinese Coins & Medallions' started by yennus, Jul 17, 2011.

  1. alor

    alor Well-Known Member Silver Stacker

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  2. octapotamus

    octapotamus Member Silver Stacker

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    Year 2000 Panda for aud$21.58? rrriiiiiiight. listing on ebay, by seller with 100% (414). They have a few others like it also listed.

    Item number: 160661633304

    [​IMG]
    Source:

    [​IMG]
    Source:

    The images they're using are straight from AliBaba. I didn't realise that until I posted the img url just then. Had a little chuckle to myself..

    When I asked if it was a fake, as the detail seems very poor and the price seems way too cheap I very promptly got this reply:

     
  3. yennus

    yennus Well-Known Member Silver Stacker

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  4. yennus

    yennus Well-Known Member Silver Stacker

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  5. yennus

    yennus Well-Known Member Silver Stacker

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  6. yennus

    yennus Well-Known Member Silver Stacker

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  7. yennus

    yennus Well-Known Member Silver Stacker

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  8. yennus

    yennus Well-Known Member Silver Stacker

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  9. yennus

    yennus Well-Known Member Silver Stacker

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  10. yennus

    yennus Well-Known Member Silver Stacker

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  11. yennus

    yennus Well-Known Member Silver Stacker

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  12. yennus

    yennus Well-Known Member Silver Stacker

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  13. yennus

    yennus Well-Known Member Silver Stacker

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  14. yennus

    yennus Well-Known Member Silver Stacker

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  15. yennus

    yennus Well-Known Member Silver Stacker

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    I think sending it to PCGS is a good idea. They should be able to add clarity to this issue.
     
  16. 25Grizzlies

    25Grizzlies Member

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    Testing won't damage the coin at all... they shoot EMP waves through the coin to determine it's metal content.

    By the way great foresight on buying these back in '00!! Man I wish I knew about Pandas back then... imagine the possibilties :cool:
     
  17. comeaux

    comeaux Member Silver Stacker

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    Here is why your capsules were not returned

    [​IMG]

    This has been my experience through several submissions and I usually get all OMP back even though they claim it will not be returned.

    On the comments line on the submission for every coin I write "please conserve NCS then grade/encapsulate NGC, please return original mint packaging including soft plastic if possible thanks !!!"

    I don't know why but if I submit to NGC they will only send the capsules back and not the soft plastic.

    Going back to the coin that was rejected as "questionable authenticity" I know the frustration as like I said it happened to me. Once I got over the irritation of them rejecting a perfectly good coin, I did understand that their guarantee is at stake and they could lose a lot of money not to mention credibility if the coin would be counterfeit so naturally they will lean to the side of caution. There has been a tremendous amount of 2000 fakes and they have no clue that your coin was purchased back in 2000 when they were not even being counterfeited.

    I have seen a few people who recently got 2000's rejected ... I don't know what NGC is seeing that appears anamalous ?

    In a way it is a good thing if you think about it (unless it's your or my coin !) that they would be more cautious, that way we can buy graded coins confidently. As I stated above, when I questioned NGC they stated that they are not saying the coin is counterfeit, they are just saying that they cannot say 100% that is is authentic.

    You may want to resubmit the coin to NCS or try PCGS as suggested.

    On the coin of mine that I mentioned above in the other post, I called NGC and asked that they look at it again so I did resubmit my coin and it came back ungraded as "details" with hairlines but that didn't surprise me as later I found out the dealer was one that admittedly removed coins to "wash" them and then reseal so who truly knows what happened to that coin of mine. As it turns out the coin was not really "OMP" or what I consider "OMP" but I guess that would be another topic ... :D
     
  18. Javacoffee

    Javacoffee New Member

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    None of the dealers here has the kind of EMP equipment. It is still traditional acid testing and only the jewelry shops do that.

    Is it common in Australia for dealers to conduct EMP testing?
     
  19. Javacoffee

    Javacoffee New Member

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    Hi comeaux
    Thanks for pointing that out. I submitted my coins through a local dealer and did not see that "fine print" which you have brought up. I guess the frustration is having a genuine coin in original packing and now, returned from NGC ungraded with a comment "questionable authenticity" and stored in a flip.
     
  20. 25Grizzlies

    25Grizzlies Member

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    yes it is, i had a fake tested that way... obviuosly you shouldnt acid test the coin.. i like yennus idea of sending it to PCGS
     

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