Seller of Counterfeit Coins in Counterfeit NGC Holders Pleads Guilty

by CoinNews.net on July 5, 2018 · 4 comments

NGCA seller of counterfeit coins in counterfeit NGC holders pleaded guilty to importing counterfeit coins and bars into the United States, the Numismatic Guaranty Corporation (NGC) reports. The charge carries a maximum sentence of 15 years in prison.

NGC first became aware that Jonathan Kirschner of Moorestown, New Jersey, was selling counterfeit NGC holders in mid-2017. NGC gathered additional details and shared this information with a federal investigator.

On June 25, 2018, NGC was informed that Kirschner had been taken into custody and pleaded guilty.

"NGC will vigorously protect its intellectual property and the coin collecting community," said Richard S. Montgomery, NGC President and Grading Finalizer. "We are pleased that a seller of counterfeit coins and holders has been brought to justice."

NGC encapsulates coins in a proprietary holder that features a number of elements to protect against counterfeiting and tampering, including UV ink, microprinting, an ultrasonic seal and an advanced hologram. 

As an added security measure, NGC has imaged virtually every coin that it has encapsulated since October 2008 and has made these images available for free in the NGC mobile app and at NGCcoin.com/verify.

While counterfeit NGC holders comprise a very small fraction of the total NGC holders in the marketplace, collectors should nonetheless be vigilant and buy only from trusted retailers.

For additional information about protecting yourself from fraudulent holders, visit NGCcoin.com/security.

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Seth Riesling
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Seth Riesling

It took about 1 year from the time NGC found out about these counterfeit NGC slabs for the guy they knew did it was arrested!!?? G-D only knows how many NGC holders & coins in them are counterfeit. I guarantee you that NGC has not imaged every very common MS-69 ASE $1 coin & similar common coins since 2008 !! Sad!

-NumisdudeTX

sam tweedy
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sam tweedy

Can’t wait till all these so called grading services are HISTORY!!!! we no longer need them!!!

Ken
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Ken

Had a PCGS membership for several years, cancelled a few years ago when the label became more important than the coin itself.

Chas Barber
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Well here in California the guy would never see a day in jail….if State prosecuted him, a non violent crime, and now they want no ca$h bail, “unfair” to the poor criminals… YOU CAN’T MAKE THIS UP!