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MobOfRoos
Pillar Of The Community
Australia
550 Posts
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For a while now it has been an absolute mystery to me why key date coins which have been declared fake by the seller bring such high prices on eBay.
Then I saw this
http://cgi.ebay.com/ws/eBayISAPI.dl...p=true&rt=nc
A fake 1925 Penny which sold for $99. Once again I was left scratching my head 
But then it struck me 
The key line on this listing is....(but not stamped)
It seems to me that there is a high premium on fake coins that arn't stamped "COPY" for the sole reason that they can then be resold as a genuine coin for a profit.
And then I began to feel sick 
What a sad world we live in where there is a secondary market to buy fake coins for the sole purpose of ripping people off.
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Pillar Of The Community
1119 Posts |
ive spotted old silver in the last few days that look nothing alike to me. and yes I wouldnt mind a few fakes, 1 of each coin to use for checking and comparisons. but I wouldnt pay more than a dollar each for them.
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Valued Member
Australia
52 Posts |
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Valued Member
Australia
179 Posts |
Its possible that those people bid on the coin on the possibility that it is real - although judging by the pictures its pretty obvious that its a fake.
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Rest in Peace
United States
9104 Posts |
Effective 2/20, you can't list fakes on eBay, marked or not.
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Pillar Of The Community
Australia
550 Posts |
Quote:
Effective 2/20, you can't list fakes on eBay, marked or not. That is great news, and not before time. 
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Pillar Of The Community
United States
543 Posts |
Quote:
Effective 2/20, you can't list fakes on eBay, marked or not. I hope that does not mean the assumption that if it is listed it must be real?
The coin is a force, that changes the course, of a body set in motion. TFD. TrueField Detective .....tm , Counterfeit detection tools and instruments.
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Pillar Of The Community
Australia
825 Posts |
Good point tokenmast and very true  So the  is still on roo. I feel your frustration mate  |
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Pillar Of The Community
Australia
831 Posts |
This is absolute *** Edited by Staff | The bad word filter is in place for a reason. Bypassing the filter and making the intended word obvious anyway is completely unacceptable. ***, because the buyer is obviously buying it to sell it on to someone who doesn't have great coin skills (i.e a newbie on/off eBay) for a massive EF profit. It's a joke, but eBay are making money from it.
I've brought 1930 altered date Penny's as altered-date Penny's to fill a gap. I actually also brought a Silvered one from Downies a few years ago which was really nice too.
But the common 1925's & 1946's. I feel very sorry for all sides of the story. The amount of fake 1923 Halfpennies I've seen sold on eBay makes me cringe.
The issue is that money makes the world go round.
(The manufacturer gets paid, the seller gets paid, eBay gets paid (commission), Paypal gets paid (commission) & the cycle can go on & on)
I admit, I am powerless over $50 notes - to the point that my life has become unmanageable because of this addiction. I am a NOTE-A-HOLIC
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Valued Member
United States
159 Posts |
 OK, I am glad eBay is getting out of the business of selling known counterfeit coins. Where will this lead? Who determines what is real, and who assumes the risk? Does that mean eBay might eventually sell only slabbed coins? Will raw coins themselves be declared fake until proven otherwise? Just thinking about what has happened lately to the presumption of innocence (remember that? What a quant notion!).Many seemingly wonderful choices that appear to confer great benefits to society are, in some cases, taken to such extremes that the burdens far outweigh the benefits! Put another way..."The cure is worse than the disease" and "The road to 'heck' is paved with good intentions" (this is a family forum!  ) and "unintended consequences" Hopefully, common sense will prevail and people will rely on the sellers eBay rating, and look at what ELSE they sell (if its water heaters, thats a little odd...but maybe ok?  ) My late father, who was a very very very experienced collector somehow ended up with a fake Albanian 5 Franga...it happens to the best of collectors.... Hopefully, common sense will prevail, and raw coins will be allowed to freely flow in interstate commerce without undue burden from higher regulating authorities. It is a risk I am willing to bear for the sake of keeping collectable, affordable coins available to those who wish to risk buying them.... Speaking of which, there were about a BILLION "CTFT 8 reales" on eBay 2 days ago...guess they were emptying out before the decision! So I guess this means the market is flooded with these right now! By the way, are 8 realles really HOT right now for some reason? (Mexico, etc?)....
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Pillar Of The Community
United States
2178 Posts |
For as long as someone finds it profitable, copies will be made. Knowledge is king (I heard that somewhere) and if you don't do your homework, you run the risk of being a statistic. One key stratagem I've adhered to...if the deal sounds too good to be true...it probably isn't! The deal for you is one you've researched well and performed due diligence on the seller. Sounds good, but it doesn't always work for me either.
Money can't buy happiness, but it sure makes misery easier to live with.
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Pillar Of The Community
Australia
550 Posts |
Quote:
I hope that does not mean the assumption that if it is listed it must be real? No definitely not. We will still have to remain diligent and do our home work. What it will stop though is the sickening sight of a bunch of fraudsters bidding for an unstamped fake coin. The prize being the right to sell it off as genuine to some poor punter.
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Rest in Peace
United States
9104 Posts |
Like any other change on eBay, it's to protect eBay.
The crooks will figger out a way around it in about a week.
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Pillar Of The Community
United States
543 Posts |
This is some just of what is available. Having a "Truefield Detective TM" on your desk is going to be very important in the years to come....  biggfredd did you mean something like this Quote:
Hello eBay only can admit sell any replica coins until 20th Feb.so
if you need any more other replica coins .
email: ....edit out ....
I can
send any coins to you without "copy" or "replica" stamped:
Half Cents
Liberty Cap - Head Left (1793)
Liberty Cap - Head Right (1794-1797)
Draped Bust (1800-1808)
Classic Head (1809-1836)
Braided Hair (1840-1857)
Large Cents
Flowing Hair, Chain Reverse (1793)
Flowing Hair, Wreath Reverse (1793)
Liberty Cap (1793-1796)
Draped Bust (1796-1807)
Classic Head (1808-1814)
Matron Head (1816-1839)
Braided Hair (1839-1857)
Small Cents
Flying Eagle (1856-1858)
Indian Head (1859-1909)
Lincoln Wheat Ear
1909-sV.D.B,1909-s,1909,1910-s,1911-s,1911-d,1912-s,1912-d,1912,1913-s,1913-d,1914-d,1914-s,1915-s,1916-s,1917-s,1917-d,1918-s,1918-d,1919-d,1920-s,1920-d,1921,1921-s,1922-d,1922,1923-s,1923,1924-s,1924-d,1926-s,1927-s,1928-s,1931-d,1931,1931-s,1932,1932-d,1933-d,1939-s,1955
Two Cents (1864-1873)
Three Cents
Silver (1851-1873)
Nickel (1865-1889)
Half Dimes
Flowing Hair (1794-1795)
Draped Bust (1796-1805)
Capped Bust (1829-1837)
Seated Liberty (1837-1873)
Five Cents (Nickels)
Shield (1866-1883)
Liberty Head (1883-1913)
Buffalo (1913-1938)
Ten Cents (Dimes)
Draped Bust (1796-1807)
Capped Bust (1809-1837)
Seated Liberty (1837-1891)
Barber (1892-1916)
"Mercury Head" (1916-1945)
Twenty ect. ect....  not a crook just doing allowed business  down the line from him  The coin is a force, that changes the course, of a body set in motion. TFD. TrueField Detective .....tm , Counterfeit detection tools and instruments.
Edited by tokenmast
02/29/2012 10:38 am
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Rest in Peace
United States
9104 Posts |
It's usually the long-term damage, like the seven fake trade dollars that were "inherited" and brought in today. I'm going to see if she'l let me test them on a Truefeild Detective™.
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Valued Member
Australia
329 Posts |
http://www.ebay.com/itm/1930-Austra...em27c451bc1bThis one's undeclared and comes with a colourful story, reckon it'll sell for more? (it's an altered date)
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Posted 02/21/2012 04:30 am
