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Let's Start A Fake World Coin Seller Thread!

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Pillar of the Community
United Kingdom
2893 Posts
 Posted 12/28/2012  02:49 am  Show Profile   Bookmark this reply Add Bacchus2 to your friends list
I agree that the Private seller thing is a huge warning siren but I'm surprised that the fakers still actually use it. Bidders names are surpressed anyway and are uncontactable. I can only surmise that they use it to mask shill bidding.
Pillar of the Community
Learn More...
United States
1890 Posts
 Posted 12/28/2012  10:59 am  Show Profile   Bookmark this reply Add mysilveryears to your friends list
I wish I had known about S-B's offer before n00bishly pulling the trigger on a few -bad- mistakes awhile ago. Live & learn & pay the tariff sometimes, eh. I am much more cautious now about buying on ebay, to the point where I hardly buy coins at all from any but a few trusted sellers. I have significantly modified my collecting ambitions due to the rampant fraud in the coin category. I sometimes wonder how many others are in the same ebay boat, in danger of drowning in a sea of misrepresentation. Or about the unsuspecting buyers who will inevitably one day become sellers, who will then be in for a shock.. or who will unwittingly spread the contagion by turning loose their bad buys into the unsuspecting hands of the next clueless crowd of overenthusiastic glitter fanciers. Or about those honest folks who become completely turned off the coin hobby, shrinking the ranks of the good and the sincere. If I sound a bit jaded and disgruntled, it's because the price of my education has been steep, the resources available for timely detection of fakes are slim, and the skill of the fraudsters is increasing. Thankfully there is this site, but sadly, it's not enough to stop the tsunami of greed occurring in our new age of fast-click, worldwide anonymous buying and selling.
Bedrock of the Community
United States
10045 Posts
 Posted 12/28/2012  1:36 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list

Quote:
In my case all I need is a letter - ASK me. Send me a note when you plan to bid and I will do my best to answer. I look at email at least twice daily.
Thanks Swamperbob! A lot of collectors here benefit from your expertise--especially with Spanish colonial coins.
Pillar of the Community
United States
5362 Posts
 Posted 12/28/2012  6:42 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list
I understand your frustrations with ebay, but it is the best we have for now. In my case, it has brought to lite hundreds of forgeries I may never have ever seen.

But for people seeking bargain basement real coins, I have a couple well tested comments - that are rock solid.

1 Before buying any coin LEARN everything you can about the coin you want to buy. "Buy the BOOK before the Coin" really does apply and it saves you money in the long run.

2. Never - NEVER expect to find coins at a bargain price. You get what you pay for OR LESS when dealing with ebay. You do not expect to buy gold at 25% under spot or stock far below market or gas at $1 under the average price. Bargains are a RED flag.

3. Do not presume any seller is honest unless you know him very well. There are literally thousands of people waiting to steal from you. They absolutely will LIE to cheat you. Trust No-One is sound advice.

4. Finally become a Counterfeit Detection expert or use the services of one until you reach a proficiency level that protects your wallet.

Bedrock of the Community
United States
10045 Posts
 Posted 01/23/2013  7:07 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list
Here's another fake of a Norway 1 Kr type that's getting bid up on ebay. The can be different coins and years, but they all have very similar 'wear' patterns on the king's portrait, as shown below. Compared to a real Kroner, the absence of protected details are probably the best diagnostic.

Let's-Start-A-Fake-World-Coin-Seller-Thread!
Pillar of the Community
Hong Kong
1270 Posts
 Posted 01/27/2013  01:03 am  Show Profile   Bookmark this reply Add wonghinghi to your friends list
Please have a look of this coin, I think it is fake. As the seller only sells his items within US, my email question has been barred by the system. Can anyone tell about your opinion about this coin? Henry

http://www.ebay.com/itm/1882-Zs-JS-...em4d08f7aa19
Pillar of the Community
United States
5362 Posts
 Posted 01/27/2013  1:44 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list
I have personally reported over 30 auctions involving that same coin in the past 30 days - all but two were cancelled and I can not figure out why those two are still up.

This one of the BAD FAKES I refer to as junk. It is utterly worthless (unless it is pure nickel as they were some time ago). It is also the kind of coin that no serious collector should believe could possibly be real - the design is hideous for 1882.

I know there is a lot of variation in the 8R series BUT NOT BY 1882. People need to keep their heads screwed on straight and just ignore these auctions.

I have an ebay hit-list of a dozen or so bad fakes (junk) that I think need to be reported. Most of the others DO NOT. But certainly NO early Contemporary Circulating Counterfeits are not on that list. I follow several big auction houses and European bidders are far more sophisticated in relation to collecting counterfeits that have a significant history behind them. Rare contemporary counterfeits routinely sell (for some countries like Russia) above $500.

I also have a problem with bidders who place high bids on anything they recognize as counterfeit and then refuse to honor their bids. I know that may sound odd, because these people think they are protecting someone. But if one of these junk copies starts at 99 cents and a new counterfeit collector wants one for fun - why run up the price for someone who would be interested for educational purposes?

I have a pet peeve against people who run up counterfeit coins with no intent to buy because counterfeits are what I am interested in. In one case my $500 snipe was topped and the high bidder then refused to pay. The seller then comes to me asking if I want to honor my bid! If that idiot had not bid - I would have won the coin for under $50 instead I had a hard time getting the coin for $200.

So that "nice guy" cost me $150. They obviously only knew the coin was a counterfeit - they had no idea what it really was. A little bit of information can often cause a lot of problems.

In the case of this 1882, the seller knows because I wrote to him as well as the ebay review committee.

Bedrock of the Community
United States
10045 Posts
 Posted 01/28/2013  2:52 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list
Despite reporting by at least one collector, the crap fake Norway coin listed above http://www.ebay.com/itm/1878-NORWAY...p=true&rt=ncclosed @ $740.50
Valued Member
Australia
112 Posts
 Posted 01/30/2013  11:14 pm  Show Profile   Bookmark this reply Add Tim Bowden to your friends list
Chinese copy of a 1913 Australian half-penny, currently listed on ebay as genuine.

1913 Australian half-penny

This particular seller has been trying to shift altered date 1930 Australian pennies recently, with little or no disclosure.

At least one other of his current listings looks very suspect to me, which casts doubt on several of his high grade items.
Pillar of the Community
Hong Kong
1270 Posts
 Posted 02/02/2013  03:18 am  Show Profile   Bookmark this reply Add wonghinghi to your friends list
I have reported this coin fake for about one week but it still there. See it,

http://www.ebay.com/itm/27114531728....m1438.l2649

Beware the items of this seller, I suppose most of them fake.
Pillar of the Community
United States
5362 Posts
 Posted 02/02/2013  1:57 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list
wonghinghi The committee will and does review postings and reports from all areas. Last week I know there was a problem and a substitute was sending TPG reports for a few days. That may have delayed your report.

I can tell you that I never saw it but I did see another report made YESTERDAY by another member - so it seems that ebay is up to date as of last night - less any losses that occurred last week.

I looked at the auction and it clearly violates ebay policy. BUT NOT because it is a counterfeit coin because counterfeits are legal to sell in the UK. The violation is that the seller will ship to the US. The illegal activity is IMPORTING and unmarked counterfeit into the US. So I asked if it could be terminated for that reason.

Many countries like China, Spain, France and Italy have laws that allow some counterfeits to be sold. The normal violation on ebay is shipping to the US. ebay can not terminate an auction in a foreign country for an action that is legal there. BUT they can stop the auction if the seller says he will ship to the US. They also seem to stop auctions on US ebay posted by overseas sellers when they clearly describe the item as COUNTERFEIT.

I have asked for a specific clarification in this case to see what happened to your report.
Pillar of the Community
United States
5362 Posts
 Posted 02/02/2013  1:59 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list
DVD collector - the auction you cited came to me as a TPR last night and I indicated it was a counterfeit. Lets see if it comes down now.
Pillar of the Community
France
1591 Posts
 Posted 02/02/2013  4:50 pm  Show Profile   Bookmark this reply Add MathieuMa to your friends list
Swamperbob : you mean that anything fake on ebay which is not sold in the US will not be removed ? Sh*t ...
Pillar of the Community
United States
5362 Posts
 Posted 02/02/2013  7:20 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list
The ebay regulations come into conflict at that point and several others. I am still trying to figure out what exactly is the policy in every case.

If the seller says counterfeit anywhere in the auction in any country it should come down.

But if a counterfeit is spotted by someone who knows but the seller will not agree it is a fake - they seem to get away with it if they do not sell to the US.

I am still checking on these issues. But it could mean that anyone can sell from an overseas ebay and sell waht they want as long as they are NOT honest about it.

Oh and by the way the 1913 Nickel - the "real" one being sold for millions in an upcoming auction. That is a counterfeit and could not be sold on ebay. Same goes for a "real" 1804 dollar which is also a counterfeit.

So apparently collectibility or legality is not the real issue for ebay. As I heard it they would prefer to give up selling coins rather than to attempt to sort out these questions. Coins is a small part of the business.

I wonder if a certified counterfeit - which is being done I heard by the Counterfeit Collectors Club - would be able to be posted?

So many questions so little time.
Valued Member
Australia
112 Posts
 Posted 02/03/2013  01:01 am  Show Profile   Bookmark this reply Add Tim Bowden to your friends list
I guess where I would take issue with online market places and their positions on counterfeiting, copies, etc., is that while it may not be illegal in all countries to manufacture or sell reproductions that are not clearly identified as such, it is almost universally illegal to attempt to defraud through misrepresentation.

My problem isn't with having copies out there, but with having unmarked reproductions, deliberately designed to deceive.

IMHO, by facilitating such practices, surely one becomes complicit in the fraud, particularly once informed.

For an individual, being 'too busy' is not an excuse - In no other area of commercial practice is 'being too busy' a legitimate excuse for not complying with legal obligations.

I suppose the much bigger issue for such on-line marketplaces would be liability for the facilitation of sale of stolen goods, as it isn't restricted to collectible items.

Call me cynical, but I have no doubt at all that the big online market places have thought long and hard about their positions on these sorts of practices.

I am sure they are very aware the impact it would have on their turnover if they were to become pro-active (such as reporting to authorities, etc), and have instead moved to insulate themselves by moving headquarters to states and countries that have laws more suited to protecting them from prosecution or liability, and modified their terms and conditions to further insulate.

OK - so I've accepted that the world isn't fair.

The one positive that does come from all of this, is that honest, reliable, and fair operators can build up a reputation and develop repeat business a little easier.

Hardly a satisfactory position, but it's what we have, so if I want to be involved I need to accept this,(of course with the aim to improve).

I wonder, will it be the eventual downfall of such online marketplaces? Only history will tell.

For all of the reasons above, and more, any step in the right direction is very significant and should be encouraged, IMHO.

Go hard Swamperbob - you certainly have my support.

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