Phoney Pandas

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

  1. 25Grizzlies

    25Grizzlies Member

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    Great read Comeaux!! :D

    Do you know if NCG for sure electronically check submitted coins for metal content?
     
  2. comeaux

    comeaux New Member Silver Stacker

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    Thanks 25grizzlies !

    Yes NGC does metallurgical analysis but that is a separate service of $75.

    A person may say "WTF $75 for a metallurgical analysis???" but then again, this would be a small fee on a high value coin. My coin in question was not high value so I opted out of having it done.

    We must also remember that the latest "super counterfeits" were even correct in their metallurgical composition. The counterfeiters realized that for $35 of silver they could replicate a coin worth a $1,000 or more I'm not saying this is the case with java's coin just conveying the "state of affairs" we are faced with nowadays. Not just pandas but all high value coins in general.

    If you go to NGC or PCGS sites they are listing on a daily basis some new "counterfeit alert" and it is predominately old/rare US coins.


    Javacoffee like I said bro, I completely understand your frustration and I made SEVERAL calls to NGC before relenting that I had to accept what I was refusing to want to accept because it's bullsh*t.

    Also man I hate to be a "turd in the punchbowl" but are you absolutely 100% sure of the dealer that you had "submit" for you? I'm not accusing anyone of anything just want to make sure you know the guy well.

    The phenomenal increase in demand and value of Modern Chinese Coins in general has people doing crazy things that they would ordinarily have not done in the past.

    The most logical scenario is that your dealer is honest and your coin is 100% authentic. Maybe it is just an uncharacteristic strike or something that is throwing NGC off.

    I know how pissed you must be because I was fired up over a common panda, not a 2000 panda.

    Well good luck my man and hopefully you can get PCGS to give you some positive feedback on your coin.
     
  3. Teh silvers

    Teh silvers Member

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    Is this a real 2000 panda?
    160688304451
     
  4. 25Grizzlies

    25Grizzlies Member

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    It's not mint sealed, I admit don't know enough about coloured '00's, that's assuming that they even exist. looks legit original issue but who knows what's been done to it since.

    Big no from me.
     
  5. Pandacollector

    Pandacollector Active Member

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    From what I know, the color was added in Germany. This one isn't aging well. The underlying coin is probably real.

    Best wishes,
    Peter Anthony
    http://www.pandacollector.com
     
  6. Stubiter

    Stubiter New Member

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  7. Pandacollector

    Pandacollector Active Member

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  8. fishball

    fishball New Member Silver Stacker

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  9. Coins4me

    Coins4me New Member Silver Stacker

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  10. fishball

    fishball New Member Silver Stacker

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    Looks a bit suss, the 1989 1oz expo panda looks like this.

    So I have no idea wtf that coin is. Don't think it's even a Panda.

    Apparently it's a 5oz Panda. But the eBay listing says 1oz so it's not only completely suss, it's completely wrong!
     
  11. tamo42

    tamo42 New Member

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    Even if it's not fake (and it looks very bad), that's a Hong Kong coin, not a Chinese coin.
     
  12. fishball

    fishball New Member Silver Stacker

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    The coin in the eBay listing uses simplified Chinese though, something that Hong Kong coins pre-1997 would and should not be doing.
     
  13. heyimderrick

    heyimderrick Active Member

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    Got what I believe are my first two fake pandas. Ebay seller (john112533029) seemed honestly unaware and offered a refund upon receiving them back. Admitted to not being familiar with pandas, so I would avoid buying from again.

    Fur is off; details are off; date and yuan marks are off; can't even see the weight/purity stamp; weighs only 27 grams in capsule.

    [​IMG]

    [​IMG]
     
  14. 25Grizzlies

    25Grizzlies Member

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    Looks pretty rough Derrick, I'm glad he was an honourable seller... shame to see haven't seen a listed commemorative coin counterefit til now.
     
  15. heyimderrick

    heyimderrick Active Member

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    I was disappointed to say the least, but yes, at least he didn't give me a hard time about wanting to send them back for a refund. He said he picked these up at a coin show in Florida a couple years back from a dealer he sees there. Said neither of them deal much in pandas, so I guess they wouldn't know what to look for in a fake. Oh well. No more buying pandas from auctions with crummy photos for me.
     
  16. 98PandaBear

    98PandaBear New Member

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    coins.with.equity - is using a grading service called NGA - National Guaranteed Authentication? Have never heard if this grading service? Selling allot of Pandas now just scrolling through and saw them!

    I've been buying just from APMEX just because I am scared of getting scammed or verifying through NGC, etc.
     
  17. fishball

    fishball New Member Silver Stacker

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    http://wiki.answers.com/Q/Is_NGA_a_reliable_coin_grading_company

    :lol:

    Yeah avoid avoid avoid.
     
  18. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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  19. comeaux

    comeaux New Member Silver Stacker

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  20. Catseye

    Catseye New Member

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