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mikey199x
New Member
United States
25 Posts
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While doing an inventory of my coins today, I happened to pull out a magnet and run it over all of my silver coins,and one of my Peace dollars stuck like crazy. The left one did not stick and the right one did! This came as a huge disappointment to me, I have heard how there is china counterfeits coins out there and never thought I would end up with one of them. Luckily I only paid a dollar for each one of them  from my local bank a couple months ago     Edited by mikey199x
07/07/2012 6:45 pm
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Pillar Of The Community
United States
6206 Posts |
Sorry to hear that, one the bright side it was only a dollar
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Valued Member
United States
123 Posts |
how did the bank get the Peace dollars? Still a good deal if one is real! |
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Pillar Of The Community
United States
2490 Posts |
Wow, do you know what it weighs ?
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar Of The Community
United States
690 Posts |
A 1922 Peace dollar?!?!?!? That's scary. The prevalence of counterfeits has and will continue to do serious harm to this past time. Yes, I know educating oneself is key, but not everybody is going to be as hard core as is needed or buy only TPG coins (which isn't 100% either) and beginners or novices burned just once very well could be done with things. Rant over, for now. |
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Pillar Of The Community
United States
3293 Posts |
Yipes ... that is scary! The 1922 Peace dollar is a common coin (relatively) ... and the photos of your example appear to show a coin that would fool most of us ... Although the image of it hanging on edge to the magnet is quite conclusive.  This hobby is heading to big trouble when counterfeit 1922 Peace dollars are floating out there. Thanks for the informative post. David The ONLY owner of a CCF T-Shirt ..... prove me wrong with a photo! Take a look at my other hobby ... http://www.finewoodcrafter.comToo many hobbies .... too much work .... not enough time. |
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Pillar Of The Community
United States
2876 Posts |
The first indication is color, second is rim. This one looks like a 22-S obverse rim and not sharp like a 22-P. China is making every date silver coin now, even common dates. Check any you buy closely. They sell for $2-3 out of China so the buyers here make a decent profit when selling common Peace dollars at $25-30. Check out my coins and bullion at http://usn6771.ecrater.com/index.php low prices, free shipping for CCF members. |
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Pillar Of The Community
United States
500 Posts |
That's a good copy, but the color is definitely off. Thankfully you didn't pay much for it.
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Moderator
United States
17307 Posts |
Ouch.  Jbuck! ... Coin Collector since 1978 ... Learn about my Avatar here!
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Valued Member
United States
294 Posts |
That is scary. I would have been fooled. I wonder what my B & M guy would think if I brought a magnet in and ran it over any coins I was thinking of buying?
MS wants with an AG budget. "Not everything on the Internet is true." --Abraham Lincoln Oldest Finds: 1914 LWC - Change 1918 Mercury Dime - CRH 1947 Canadian Penny - CRH |
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Pillar Of The Community
United States
690 Posts |
Your B&M guy should not only be OK with that, but he should welcome and invite the opportunity to occur in front of whoever happens to be in the store. It's something he should have already done and it's something that could educate bystanders and help the hobby. How he actually feels about it may be another story though.
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Valued Member
Egypt
139 Posts |
Sorry to hear that, but at least the other one is real. I wish I can buy Peace dollars for just $1 dollar. I would buy a thousand of them :) |
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Pillar Of The Community
United States
1262 Posts |
Fake 1922 Peace dollars are very common. No date is sacred: http://fakes.numismetrica.com/categ...ace-dollars/And there are more I haven't posted yet... -Steve (GSNA R-2306)The Black CabinetA Database of Counterfeit Coins. Attribution Services. NumismetricaCoin Collection Management Software for your Desktop and Mobile Devices.
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Posted 07/07/2012 6:44 pm
