Phoney Pandas

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.
 
Teh silvers said:
Is this a real 2000 panda?
160688304451
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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.
 
Coins4me said:
I am sure the panda experts get tired of looking at these for us, but we really appreciate it! Is this a real panda..price looks great..seller has magnitude of sales with 100% positive feed back..but the Panda looks terrible. Is it just a bad pic or a fake panda..thanks in advance.

http://www.ebay.com/itm/CHINA-1989-...821?pt=LH_DefaultDomain_0&hash=item2eb9643165
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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!
 
tamo42 said:
Even if it's not fake (and it looks very bad), that's a Hong Kong coin, not a Chinese coin.
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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.
 
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.

1231__mg_1944.jpg


1231__mg_1945.jpg
 
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.
 
25Grizzlies said:
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.
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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.
 
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.
 
98PandaBear said:
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.
Click to expand...

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

No, I can't seem to find -any- information on them. I wouldn't buy an NGA slabbed coin unless you felt that the price was right and you can tell (hands on preferably) that the coin meets your specification. Most likely NGA is a front created by a coin dealer to mark up common coins by certifying them as MS-70/69 when in reality they might only grade MS-63/4 by PCGS/NGC. So no, I would not classify NGA as a reliable grading company.
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:lol:

Yeah avoid avoid avoid.
 
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