Phoney Pandas

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

368837195_153.jpg

Source:

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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:

Hello dear friends:
Bank project is the manufacture, is 100% true
Thank you
 
Javacoffee said:
I bought some Silver Pandas year 2000 - double seal (that year itself) and earlier this year, I sent 2 to NGC for grading and it came back ungraded with the remarks about authenticity in question. I bought those coins in year 2000 and I am very sure that these are not fakes. How do I authenticate that it is genuine.
 
25Grizzlies said:
Javacoffee said:
I bought some Silver Pandas year 2000 - double seal (that year itself) and earlier this year, I sent 2 to NGC for grading and it came back ungraded with the remarks about authenticity in question. I bought those coins in year 2000 and I am very sure that these are not fakes. How do I authenticate that it is genuine.

.
Pics, we need good pics taken of them. If NGC grades them counterfeit they are because they test for silver content, let alone appearances... sorry sounds like you were scammed. Curious to know, what did NGC charge you for that?
 
25Grizzlies said:
Very interesting Java, I'd definitely be getting along to your local coin dealer to get tested for silver content... to my eye anyway it looks genuine. Unreal fake if it really is. Whereabouts in Australia are you?

I'm comparing it to a MS69 '00 that I have.
 
comeaux said:
I had this happen one time when I sent a 1 oz BU Silver Chinese Panda 1995 in OMP (not micro) in to NCS. It was returned as "Questionable Authenticity". After 100's of submissions this is the only coin that I have ever seen this occur with "Questionable Authenticity"

I called NGC with questioning why the coin was not graded. They told me that they are not saying the coin is a fake but that they cannot conclusively 100% confirm that the coin is in fact authentic. The NGC guarantee puts a lot of liability on them and I can understand their reasoning in not grading the coin.
 
Javacoffee said:
I got them in year 2000 itself and I am very sure these are not fakes. In fact, there were no fakes then. It makes no sense to fake the Pandas then because they were cheap. It cost me less then USD$15, including shipping at that time. I've shown them around to some dealers and they are very certain that these are genuine. I'm actually quite pissed off with NGC.
 
Javacoffee said:
25Grizzlies said:
Very interesting Java, I'd definitely be getting along to your local coin dealer to get tested for silver content... to my eye anyway it looks genuine. Unreal fake if it really is. Whereabouts in Australia are you?

I'm comparing it to a MS69 '00 that I have.

I'm from Singapore :). Bought the coins back in year 2000 from a dealer in US. Anyway, don't think I will get it tested because it will damage the coin. I'm thinking of sending it to PCGS
 
I think sending it to PCGS is a good idea. They should be able to add clarity to this issue.
 
yennus said:
Javacoffee said:
25Grizzlies said:
Very interesting Java, I'd definitely be getting along to your local coin dealer to get tested for silver content... to my eye anyway it looks genuine. Unreal fake if it really is. Whereabouts in Australia are you?

I'm comparing it to a MS69 '00 that I have.

I'm from Singapore :). Bought the coins back in year 2000 from a dealer in US. Anyway, don't think I will get it tested because it will damage the coin. I'm thinking of sending it to PCGS

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:
 
Javacoffee said:
They also kept my original capsule and return the coins in mylar flip

Here is why your capsules were not returned

submissionrules.jpg


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
 
25Grizzlies said:
yennus said:
Javacoffee said:
I'm from Singapore :). Bought the coins back in year 2000 from a dealer in US. Anyway, don't think I will get it tested because it will damage the coin. I'm thinking of sending it to PCGS

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

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?
 
comeaux said:
Javacoffee said:
They also kept my original capsule and return the coins in mylar flip

Here is why your capsules were not returned

http://i257.photobucket.com/albums/hh214/mooky714/submissionrules.jpg

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

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.
 
Javacoffee said:
25Grizzlies said:

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

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?


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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