Coin Community Family of Web Sites
Promote your
Store for free!
Free Store Directory

CollectingStuff.com
Stamps, Comic Books, Sports, ...
Coin Community Forum
Username:
Password:
Save Password
Forgot your Password?

Register now!Welcome guest, we're glad you're here but right now you cannot interact with other members. Register Now for Free and you can be posting in 5 minutes!
 All Forums
 General Numismatic Discussion Forums (Non Country Specific)
 Main Coin Forum

How to be on guard?

 New Topic  New Poll New Poll
 Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

cmdrstp
Valued Member


United States
88 Posts

Posted 11/02/2009  6:02 pm  Show Profile Bookmark this topic Add cmdrstp to your friends list  Get a Link to this Message

Ok. I have bought a few coins (Presidential Dollars) from eBay. Don't cringe! I was foolish in my youth! Not to say there are not any honest eBay sellers, I just have learned to distrust from stories of counterfeits. So, to double check, I have acquired a neodymium magnet (except war era steel pennies, no U.S. coin should be attracted in the least), digital scale that measure to 0.01 grams (still shopping for), and, calipers. I also compare to pictures of legitimate coins.

What are your techniques for identifying a counterfeit?

I particularly like looking for silver coins and ASE.

Thank you.

Send note to staff

wheatguy
Valued Member


United States
226 Posts

Posted 11/02/2009  6:08 pm  Show Profile Bookmark this reply Add wheatguy to your friends list  Get a Link to this Reply

Well, I use a digital scale and I carefully study any possible purchases, but I don't think common date U.S coins are heavily counterfeited. Not saying you shouldn't be careful though, I'm very paranoid about my coins.


Edited by wheatguy - 11/02/2009 6:08 pm
Send note to staff Go to Top of Page

cmdrstp
Valued Member


United States
88 Posts

Posted 11/02/2009  6:13 pm  Show Profile Bookmark this reply Add cmdrstp to your friends list  Get a Link to this Reply

me too. I hate to get burned on a $40 ASE.

Send note to staff Go to Top of Page

Kabiye_Lady
Valued Member


USA
496 Posts

Posted 11/04/2009  03:25 am  Show Profile Bookmark this reply Add Kabiye_Lady to your friends list  Get a Link to this Reply

Well, it sounds like you don't want to buy from e-bay. So where will you be buying from?

If your coin dealer sells it to you or you buy it at a coin show, it probably meets the caliper and weight test - after all, coin dealers aren't fools.

So how DO you check?

There are Walking Liberty Half dollars out there (and coins from many other series) that have fooled coin collectors for decades. It doesn't have to be uncirculated or worth a lot of money. Counterfeiting has been going on as long as money has been minted and the better counterfeits will pass your "scientific" analysis.

Perhaps one of the most counterfeited coins is the Sacagawea dollar - the coin everyone loves to hate. Go figure.


Send note to staff Go to Top of Page

nod2003
Pillar Of The Community


United States
1296 Posts

Posted 11/04/2009  10:09 am  Show Profile Bookmark this reply Add nod2003 to your friends list  Get a Link to this Reply

I am quite surprised to read that the Sac dollar is heavily counterfeited. Where did that information come from?

Send note to staff Go to Top of Page

just carl
Pillar Of The Community
USA
3843 Posts

Posted 11/04/2009  11:16 am  Show Profile Bookmark this reply Add just carl to your friends list  Get a Link to this Reply


Quote:

If your coin dealer sells it to you or you buy it at a coin show, it probably meets the caliper and weight test - after all, coin dealers aren't fools.

A dealer I know that has been in the buisness for possibly 50 or more years purchased a 1916D Mercury Dime in a 2x2 and knew it was real. So he sent it in for grading and it came back in a body bag. Of course he resent to another TPGS and it came back graded and slabbed.HMMM
Another dealer I know that also has been around for a real long time has a tendancy to massively undergrade his coins. I've been trying to tell him that for years but in the meantime I come up with some really great deals.
One dealer at a coin show was telling me he has been taken in by counterfeits about 25 times so far this year and he too has been around for a long time.
I really don't think because you think you know coins you can really find all the fakes to easily. I'm sure there are many so called experts with a fake or two that don't know it yet.
And as to which coins have been messed with. Note all the reconditioned 1943 Steel Cents. I presently have 2,650 of them. Many have been replated with either Zinc, Tin, Chrome, Copper and for all I know, Radium. I'm trying to accumulate an entire roll of the chromed ones and getting close. Ever wonder why someone would do that to a $0.01 coin that is worth $0.25 and try to sell it for $0.25? One dealer by me sells them for 3/$1 and has a hard time doing that.
And wasn't there this thing not long ago about someone making Nickels? I'm just waiting for the counterfeited 2009 Lincoln Cents to hit the market.


just carl
Send note to staff Go to Top of Page

chris12018
Pillar Of The Community


United States
717 Posts

Posted 11/05/2009  6:15 pm  Show Profile Bookmark this reply Add chris12018 to your friends list  Get a Link to this Reply

If I have any doubt, whether it be weight, size, or even appearance. I won't consider buying it. If I purchased from e-bay and had doubts after rec. it, I would take it to a dealer and get another opinion. I purchased a gold Indian Head 1/4 Eagle from e-bay. When I recd. it, I saw the weight was off about 2/10ths of a gram.(wear?) I went to my dealer and he confirmed that is was not authentic. I contacted the seller. The seller refunded purchase price, shipping both ways. I don't worry to much about buying through e-bay. But, To each his own.

Send note to staff Go to Top of Page

laserpete
New Member


Canada
28 Posts

Posted 11/10/2009  3:38 pm  Show Profile Bookmark this reply Add laserpete to your friends list  Get a Link to this Reply

Not to talk about counterfeit per say but I don't understand sellers who don't show both sides of a coin. Does it cost more as a seller to post two picutres ?

Send note to staff Go to Top of Page

nolawyer
Valued Member


United States
67 Posts

Posted 11/10/2009  3:56 pm  Show Profile Bookmark this reply Add nolawyer to your friends list  Get a Link to this Reply


Quote:
Not to talk about counterfeit per say but I don't understand sellers who don't show both sides of a coin. Does it cost more as a seller to post two picutres ?


The first picture on ebay is free. There is a slight charge (I think $.15) for each additional picture.

Send note to staff Go to Top of Page

biokemist6
Pillar Of The Community
Coin Community SupporterSupporter!


USA
4797 Posts

Posted 11/10/2009  4:48 pm  Show Profile Bookmark this reply Add biokemist6 to your friends list  Get a Link to this Reply

Posting one pic is the cheap, lazy, and wrong way to sell a coin. Even if you do not want to pay the meager pittance it costs to add a second pic, you can always use a photo hosting service like Photobucket at no extra charge at all.


ANA #3151318
Send note to staff Go to Top of Page
  Previous Topic Topic Next Topic  
How can I help support Coin Community?
 New Topic  New Poll New Poll  Reply to Topic  Printer Friendly



Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2009 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Privacy Policy
Coin Community Forum © 2005 - 2009 Coin Community Forums Go To Top Of Page
It took 0.28 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05