PCGS files lawsuite against coin doctors ...
Ken Barr
claiming that they "engaged in a pattern of racketeering activity"
(among other things) by submitting doctored coins to PCGS over the past
several years. (They also admit that they slabbed many of these coins,
then had to buy them back under their guarantee program, but that's
another story altogether ...).
http://www.coinlink.com/News/counterfeits-fraud/lawsuit-filed-against-coi
n-doctors-by-collectors-universe-pcgs/
FWIW, three of the five named defendants are members of the Perfessional
Noomismatics Guild ... and one is even one of the original part owners
of PCGS itself.
Hmmmmmmmmmm.
--
Ken Barr Numismatics email: k...@kenbarr.com
P. O. Box 32541 website: http://www.kenbarr.com
San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc.
408-272-3247 NEXT SHOW: Vallejo Numismatic Society 5/2 (no table)
oly
> PCGS filed a federal lawsuite against five alleged "coin doctors"
> claiming that they "engaged in a pattern of racketeering activity"
> (among other things) by submitting doctored coins to PCGS over the past
> several years. (They also admit that they slabbed many of these coins,
> then had to buy them back under their guarantee program, but that's
> another story altogether ...).
>
> n-doctors-by-collectors-universe-pcgs/
>
> FWIW, three of the five named defendants are members of the Perfessional
> Noomismatics Guild ... and one is even one of the original part owners
> of PCGS itself.
>
> Hmmmmmmmmmm.
>
> --
> Ken Barr Numismatics email: k...@kenbarr.com
> P. O. Box 32541 website: http://www.kenbarr.com
> San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc.
> 408-272-3247 NEXT SHOW: Vallejo Numismatic Society 5/2 (no table)
And maybe 10 more names to be added?
Inquiring minds want to know!!!
oly
Chas Edwards
> PCGS filed a federal lawsuite against five alleged "coin doctors"
> claiming that they "engaged in a pattern of racketeering activity"
> (among other things) by submitting doctored coins to PCGS over the past
> several years. (They also admit that they slabbed many of these coins,
> then had to buy them back under their guarantee program, but that's
> another story altogether ...).
>
> n-doctors-by-collectors-universe-pcgs/
>
> FWIW, three of the five named defendants are members of the Perfessional
> Noomismatics Guild ... and one is even one of the original part owners
> of PCGS itself.
>
> Hmmmmmmmmmm.
>
> --
> Ken Barr Numismatics email: k...@kenbarr.com
> P. O. Box 32541 website: http://www.kenbarr.com
> San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc.
> 408-272-3247 NEXT SHOW: Vallejo Numismatic Society 5/2 (no table)
One has to suspect that PNG is now weighing the consequences of
commenting publicly, or not commenting, considering that members are
involved.
CE
Ira
> claiming that they "engaged in a pattern of racketeering activity"
> (among other things) by submitting doctored coins to PCGS over the past
> several years. (They also admit that they slabbed many of these coins,
> then had to buy them back under their guarantee program, but that's
> another story altogether ...).
>
> n-doctors-by-collectors-universe-pcgs/
>
> FWIW, three of the five named defendants are members of the Perfessional
> Noomismatics Guild ... and one is even one of the original part owners
> of PCGS itself.
>
> Hmmmmmmmmmm.
>
> --
> Ken Barr Numismatics email: k...@kenbarr.com
> P. O. Box 32541 website: http://www.kenbarr.com
There are many more besides the six mentioned in the lawsuit. Some are
"giants" in the numismatic community, others merely service the needs
of major dealers who regularly utilize their "services." be assured
that these Coin doctors will hire top guns to defend them. I'll bet
many others are experienced the pungent odor of fear in the
persipration trickling down their sides. We dealers know who they are,
but I doubt any will blow the whistle on them. Too dangerous to the
health of the whistleblower. Nevertheless, PCGS is not stupid. The
activities of these coin doctors can put them out of business, and
they must have enough evidence to go forward now. Good for them.
Ira
Mr. Jaggers
Ah yes, the old "For every cockroach you see by day..." reality. At CICF
2009, PCGS had a two-case display of slabbed guarantee buybacks, one of
which was a full head SLQ that turned out not to be such, maybe the same one
mentioned in the article. I hope they get the bastards, and get 'em good,
even if some of them are golden boys (or girls). I don't know which I'd
prefer, to see a bunch of numismatic crooks go down, or watch Blago squeal
on a few dozen crooked Flatlander politicians in a plea bargain deal.
This is definitely going to be interesting.
James the Equal Opportunity Prosecutor