Counterfeit

Author

Topic: Counterfeit (Read 9400 times)

87Megalodon

Junior Member
Posts: 41

Counterfeit

« on: April 02, 2010, 02:22:24 am »

if a bill is 3rd party graded does that ensure that it is not a counterfeit?

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BWJM

Very Senior Member
Posts: 5,027

Re: Counterfeit

« Reply #1 on: April 02, 2010, 02:46:00 am »

Generally speaking, yes, but people are not infallible, especially TPGs as we have countless examples of improperly graded notes.

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BWJM, F.O.N.A.
Life Member of CPMS, RCNA, ONA, ANA, IBNS, WCS.
President, IBNS Ontario Chapter.
Treasurer, Waterloo Coin Society.
Show Chair, Cambridge Coin Show.
Fellow of the Ontario Numismatic Association.

coinsoldier

Guest

Re: Counterfeit

« Reply #2 on: May 12, 2011, 10:54:33 am »

You should go with a grading firm that guarantees the grade they give. That way if you get a counterfeit that they graded as real then they are liable for your lost. Only use well established banknote grading firms, with a good reputation and guarantees. It may cost a little more, but well worth it. When buying, only buy banknotes that have been graded by firms that meet the above criteria.

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friedsquid

Very Senior Member
Posts: 2,879
CPMS 1593

Re: Counterfeit

« Reply #3 on: May 12, 2011, 02:21:28 pm »

Quote from: coinsoldier on May 12, 2011, 10:54:33 am

You should go with a grading firm that guarantees the grade they give. That way if you get a counterfeit that they graded as real then they are liable for your lost. Only use well established banknote grading firms, with a good reputation and guarantees. It may cost a little more, but well worth it. When buying, only buy banknotes that have been graded by firms that meet the above criteria.

Are you actually aware of any TPG servivce that gives you a GUARANTEE. If so, what is the name of the grading service? And what do they actually guarantee you?

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Always looking for #1 serial number notes in any denomination/any series

mmars

Very Senior Member
Posts: 1,352
money is gregarious

Re: Counterfeit

« Reply #4 on: May 12, 2011, 02:57:59 pm »

Quote from: friedsquid on May 12, 2011, 02:21:28 pm

Are you actually aware of any TPG servivce that gives you a GUARANTEE. If so, what is the name of the grading service? And what do they actually guarantee you?

I think the OP meant that the grading service guarantees the authenticity of the note once it is slabbed. I know he said something completely different, but I think this is what he meant. Grading by its nature is subjective and cannot be guaranteed by anyone anywhere at any time.

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