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 Replies: 20 / Views: 4,185 |
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Valued Member
United States
180 Posts |
How are they faked? I have dealt with baseball cards for years and know they can be faked by printing. I would assume they are not printing new dimes. I know I am a noob with a noob question  |
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Pillar of the Community
United States
2077 Posts |
The two predominant methods are to alter an existing coin or mint one from counterfeit die.
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Valued Member
United States
180 Posts |
I had no idea that they could actually make a new coin using a counterfeit die
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Pillar of the Community
United States
8521 Posts |
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
293 Posts |
Remember that even IF you can tell a genuine 16-D from a fake one that the guy you want to sell one to may not. So this is a coin where no matter how good a numismatist you may be this is one that should be slabbed. The TPG should be either PCGS, NGC or ANACS. |
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Moderator
 United States
16680 Posts |
If your going to buy a 16-D on ebay, I cannot emphasize this enough. ONLY purchase a PCGS,NGC, or ANACS certified coin. swcoin.ecrater.com
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Valued Member
United States
256 Posts |
I recently picked up an Anacs g4 for $695 off ebay which I thought was ok. |
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Bedrock of the Community
13014 Posts |
Quote:
I am curious also as to how many would take a chance on a raw dime if the price was right. Possibly if you dont mind the hassel of having to use buyer protection. The good thing with ebay is if its fake youll get your money back, the bad part though is youd have to spend a good amount for a quick turnaround from a TPG if that was your plan for authenticating it. Personally I would just stick with the PCGS/NGC/ANACS ones and save the hassel. If there was one from a reputable seller I've dealt with in the past I might consider a raw one, but know that youd potentially be in for a hassle if you do. |
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Pillar of the Community
United States
2077 Posts |
Here's my logic on buying any "might or might not be" rare and valuable coin on ebay. Say one in ten available were real. Untrue, but let's go with it for now. If you bought ten coins at one tenth the standard price, you'd spend the same amount and get the same thing plus 9 junk coins. However, from what I've seen, these coins usually go for about half of their value. On top of that, the one in ten figure is probably closer to one in fifty. It's never worth the risk. The only time I participate in those types of auctions is if I'm completely certain and I've communicated with the seller and they agree to extend the return period for as long as it takes to get the coin certified. Most sellers refuse, but some do agree. |
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Pillar of the Community
United States
9796 Posts |
Quote:If your going to buy a 16-D on ebay, I cannot emphasize this enough. ONLY purchase a PCGS,NGC, or ANACS certified coin. Completely agree! Q. David Bowers told me once back in the mid 1980's that at any major coin show about half the 1916-D dimes could be proven to be fakes on the bourse floor. Doubt that has changed much in the raw coins today. Not a chance I want ot take with my hard earned money. Very good advice vermontensium! "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Bedrock of the Community
United States
20753 Posts |
AND not only are many of the raw ones faked but even some so called certified in slabs may well be faked. Sounds inprobable? A dealer I know purchased a raw 16D Merc that looked real to him. He has been in the buisness for about 30 years so should know something. He sent it to a TPGS and it came back in a body bag as a fake. He didn't like that so he sent it to a different TPGS and it came back graded and slabbed.
Someone else I know purchased a 16D Merc in a slab. He broke it out and sent it to a different TPGS and it came back as a fake.
May not happen a lot but who's to say a TPGS can't make mistakes?
Yet I wouldn't even consider buying any coin in the hundred dollar + ranges today in a raw state.
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Pillar of the Community
United States
1590 Posts |
I don't know.... For the Noob, probably best to buy graded coins from reputable dealers. Having said that....I was at the EAS show a couple of months ago. The 16Ds I saw in AG were running in the $875 to $950 range. At the same time there were a number of sales on ebay that ended below $400. Sometimes well below. Many from long time and reputable dealers. Shucks..lol...if you bought two and one turned out to be fake and the other real you still saved a minumum of $75. It really does come down to a numbers game sometimes. Again, though for a Noob, stick to a slab from a reputable dealer. Being aware that even a dealer can be fooled by some of the fake Chinese Slabs. I guess the only way to be absolutely sure is to buy a slab from Heritage or some similar venue. But be prepared to PAY. Though one of the things you might buy is peace of mind. |
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Pillar of the Community
United States
8521 Posts |
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Moderator
United States
16680 Posts |
Appears to be top of an S. If so, paid $72 too much.
swcoin.ecrater.com
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Pillar of the Community
United States
1053 Posts |
I don't know... ebay always seems more sketchy to me than any thing else (okay I wouldnt buy rare coins from craigslist either) |
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Replies: 20 / Views: 4,185 |
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Posted 06/12/2013 8:34 pm
