| Author |
 Topic  |
Tjmcman
Valued Member
United States
225 Posts
|
Hello all! I was just reading some of the grading posts and came across a couple that were declared fakes.
How prevalent is the buying and selling of fake coins today?
|
|
|
|
Pillar Of The Community
United States
6089 Posts |
Its getting more and more prevalent unfortunately. Even fake slabs are coming out now but they cant seem to get the labels right yet. Pretty much anything that comes out of China right now is a fake
|
|
Pillar Of The Community
Australia
1894 Posts |
A person well versed in numismatics should not base the source of coins to rule out counterfeits. Instead I believe that knowing the details of the coins as well as knowing from whom you are buying from will help to combat counfeits. You can't prevent proxy sellers anywhere else in the world to buy them from China and resell them to you.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. |
|
Pillar Of The Community
United States
543 Posts |
 know your coins know your source know your alloys know your CCF 
The coin is a force, that changes the course, of a body set in motion. TFD. TrueField Detective .....tm , Counterfeit detection tools and instruments.
|
|
Valued Member
United States
225 Posts |
|
|
Valued Member
United States
225 Posts |
|
|
Valued Member
United States
59 Posts |
Along this vein...I've read on this site the one method is to weigh the coin, what are the weights of slabs? And will a magnet attach to slab if encapsulated coin is fake?
|
|
Pillar Of The Community
United States
11093 Posts |
Quote:
Along this vein...I've read on this site the one method is to weigh the coin, what are the weights of slabs? And will a magnet attach to slab if encapsulated coin is fake? Unfortuately as this hobby has grown, so are the amount and types of fakes. And yes there are now many fake slabs too. And NO, not all fakes are magnetic either. For high end fakes, the counterfeiters use real materials such as real Silver to make a fake Silver Dollar. For the investment they make in Silver, they more than make up for a coin selling in a Numismatic area. And as to how many coins are fakes and how prevalent. No one really knows since many people have them in their collections and don't know they are fakes. Even dealers have them and don't know since some are so good, they are really sort of good fakes. AND it is not just with Siler coins either. Fakes are being produced in every denomination and year. Although certain coins are more commonly produced, such as the 1916D Mercury Dime, many others are also made to just make a few dollars. There was a movie out some time ago about a little old man that went for over 20 years making counterfeit $1 bills. No one even looks at a $1 bill to see if faked.
just carl
|
|
Pillar Of The Community
United States
2872 Posts |
Even common date coins are now counterfeited in China. Be careful buying bulk silver coin lots. Some of the junk Chinese stuff may be mixed in with the good coins.
Check out my coins and bullion at http://usn6771.ecrater.com/index.php low prices, free shipping for CCF members. |
|
Valued Member
United States
59 Posts |
Man I get a little quesy thinking about it.
|
|
Pillar Of The Community
United States
1947 Posts |
There are a lot of fakes in ancient coins as well. Most fakes can be easily spotted if once again you know your coins well enough.
"We have destroyed three hundred and twenty thousand Goths, we have sunk two thousand ships. The rivers are covered over with their shields, all the banks are buried under their swords and their spears." - Historia Augusta Coin Photo Gallery - Roman Imperial GridAncient Coins: 116, Roman Emperors: 68, Roman Provincial: 4, Byzantine: 3, Islamic: 2, Judean: 5, Chinese: 5 |
|
Pillar Of The Community
United States
3903 Posts |
Depends on the series, but key dates of any series are quite commonly faked. Fake common-date Morgans are common. There are tons of fake trade dollars. For 1916-D mercury dimes and 1909-S VDB cents the fakes (usually added mint-marks) might be more common than the real thing.
In my specialty, Mercury dimes, I haven't seen fakes of common dates, and fakes aside from 1916-D (which must be bought certified) seem rare. I know there are fakes of 1921 and 1921-D, but they tend to be easy to spot because the numerals of date had a unique and easy to spot for that year. I know of fakes of 1925-D with an added mint-mark, but I haven't ever seen a fake 1926-S which seems like an obvious target too. Fakes of the 1941/2 and 1941/2-D over-dates are common but tend to be easy to spot because the diagnostics are not difficult.
Edited by CaptainFwiffo
07/25/2012 4:16 pm
|
|
Valued Member
United States
77 Posts |
I went to a local coin shop once, bought a 1914 D Barber Half (which doesn't exist) for spot price thinking it was rare. Then, I asked the owner what it is, he said a counterfeit, and took it. Didn't offer a refund, or anything just replaced it with a random Barber from the bucket.
|
|
Pillar Of The Community
United States
6089 Posts |
And thats when you should have demanded a refund and if he didnt give you one called the cops
|
|
Pillar Of The Community
United States
947 Posts |
One thing I've learned.... Basebal is a lefty just like this guy.  and DON'T mess with him  |
|
Pillar Of The Community
United States
6089 Posts |
Lol I just wouldnt ever want to deal with a dealer whose going to react to a counterfit like that. Could be reading it wrong just get the impression that seems to happen a lot to this guy how he didnt say anything or like he was hoping to get away with it and got caught
|
|
Topic |
|
Posted 07/20/2012 9:14 pm
