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Buying Counterfeit Coins

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Valued Member
United States
374 Posts
 Posted 08/29/2013  02:30 am  Show Profile   Bookmark this reply Add Bababooey to your friends list
Who can't use the cash...I hate ebay sometimes, but I just can't say off of it
Pillar of the Community
United States
9792 Posts
 Posted 08/29/2013  05:04 am  Show Profile   Bookmark this reply Add westcoin to your friends list

Quote:
My favorite shop has (old) colonial counterfeit's, but there darn expensive!!


And quite collectiable on many of them as I'm learning from the EAC, some of the elctrotypes of early US coppers sell for several hundred dollars at the EAC auctions.
"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
Bedrock of the Community
Australia
21788 Posts
 Posted 08/29/2013  05:20 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
I maintain a collection of fake coins, and some of them are VERY deceiving. Most of them are of ancient coins, because that is currently where my primary numismatic interest lies, but I have a few fakes of modern coins as well.
They were all bought for my own education to help train my eye, to help identify fakes more easily.

I have a small library on the subject of fake coins: identification techniques, and methods of manufacture. Accurate scales and a micrometer screw gauge are essential tools. Nevertheless, the most important tool is EDUCATION.

Experience has told me that with high price coins, I always like to see the coin in hand first, before making the decision to buy. For this reason, I have no interest in ebay.

Almost all of my fake coins were obtained in job lots from specialist numismatic auctioneers, with an international reputation. In each case, I closely inspected the lot on the view day prior to auction, before submitting a written bid.
Edited by sel_69l
08/29/2013 05:38 am
Pillar of the Community
United States
1211 Posts
 Posted 08/29/2013  09:03 am  Show Profile   Bookmark this reply Add jerseyben to your friends list
There is a BIG difference between counterfeits and fakes/reproductions.

That line seems to get blurred all too often.
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United States
8517 Posts
 Posted 08/29/2013  10:11 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list
There was a link posted yesterday to a website that sells counterfeits and I saved it just for the heck of it but I don't know if I can post it. Pretty interesting fake coins that are well made, even fake slabs.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Valued Member
United States
71 Posts
 Posted 08/29/2013  10:48 am  Show Profile   Bookmark this reply Add downtownsf to your friends list
Just type "Replica Coins" into google. I received a Flying Eagle cent about a week ago, and even after I posted the pictures from the auction on here and got a passing grade I wasn't sure about it. After some research on the internet, I found these sites that sell counterfeit coins, or "Replicas". Looking through the pictures I found my exact coin! down to the crumbled wheat stalk and slight Cud on the rim. On sale for $1.90! Some of the counterfeits are really good. ebay gave my money back and the seller's account has been closed.
Valued Member
United States
176 Posts
 Posted 08/29/2013  3:39 pm  Show Profile   Bookmark this reply Add Rupre07 to your friends list
Thank you all for the responses and help
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United States
1053 Posts
 Posted 08/31/2013  6:52 pm  Show Profile   Bookmark this reply Add CoinDan98 to your friends list

Quote:
There is a BIG difference between counterfeits and fakes/reproductions.

That line seems to get blurred all too often.

What is the difference?
Pillar of the Community
United States
9792 Posts
 Posted 09/01/2013  01:18 am  Show Profile   Bookmark this reply Add westcoin to your friends list

Quote:
What is the difference?


Fakes = Fantasy pieces or coins that never existed in the real world, or was unavailable = Daniel Carr's excellent fantasy coins made at his moonlight Mint.

Copies = Clones of usually expensive coins clearly marked in accordance to the Hobby Protection Act, stuff like Gallery Mint Museum copies.

Counterfeits = coins made to deceive or coins altered to deceive collectors, usually stuff like 1893-P Morgans with added S int marks, 1916-P Mercury dimes with added mint mark, 1922-D LHC with the mint mark removed and then sold as the "rare coin" to unsuspecting collector. Cast or electrotype coins and now slabs from China in current day chicanery.
"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
Bedrock of the Community
United States
17884 Posts
 Posted 09/01/2013  02:13 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
True counterfeits were made to pass in circulation as money at their face value. A fake is a piece made for sale to collectors at a profit due to its apparent numismatic value. A copy or reproduction is made for sale and often is that of a rare date but is usually so poorly done it should be obvious that it is not the real coin. These are often marked as copies. Then there are fantasies that are made to resemble coins but are of designs that never really existed.

Fakes are typically in the correct metal and often close or correct in weight. They often require specific knowledge of the series or date/mint to identify them.

Copies/reproductions are as a rule never in the correct metal, weights are off, and the images and/or lettering is off so much that they should be identifiable by even relatively novice collectors.


(Ah, the problem of not having standard definitions and sloppy use of terms. It makes it more difficult for everyone to be sure exactly what we are talking about.)
Edited by Conder101
09/01/2013 02:21 am
Valued Member
United States
374 Posts
 Posted 09/01/2013  03:31 am  Show Profile   Bookmark this reply Add Bababooey to your friends list
The terms seem confusing, but there seem to be three concepts:

1. Coins made at the time that the issue was circulating. The maker was not the government and the intention was to pass it off as face value. The cost to make it was less than face value. "Don't take any wooden nickels" expression comes to mind.

2. Coin that have the same look as the issue in question, but it was not made to deceive anyone. It is for folks to have a cheep copy of something they can't afford. As some one mentioned, they may have 'copy' on them.

3. Coins made to deceive collectors, and tun a quick buck.

I guess there is also make issues of coins that never existed as well.

Anyways, if the original poster is asking about #3, the question would be why? Education, eh?
Edited by Bababooey
09/01/2013 03:33 am
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3253 Posts
 Posted 09/01/2013  08:06 am  Show Profile   Bookmark this reply Add philadelphian to your friends list
How about a fifth category? Imitation.
The term, as I've seen it used, can blur with "counterfeit," but seems to mean a contemporary coin that was intended to have a greater acceptance in circulation by adopting the style of a popular, established coin. Small silver coins of continental Europe in the Middle Ages often copied the design of English silver pennies:
http://www.britnumsoc.org/publicati...NJ_23_12.pdf
Also, the British George III halfpenny was counterfeited like mad, both in Britain and America. But when the states of Connecticut and Vermont started making their own official coppers, they imitated the George III design, as the man's head with the laurel wreath and the seated lady on the reverse were what people expected to have in their change.
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1511 Posts
 Posted 09/01/2013  09:03 am  Show Profile   Bookmark this reply Add NathanASE to your friends list

Quote:
And quite collectiable on many of them as I'm learning from the EAC, some of the elctrotypes of early US coppers sell for several hundred dollars at the EAC auctions.


You arnt kidding about being expensive.. The ones at my LCS, (Vermont & Connecticut colonials mostly, maybe a Jersey too, I can't recall) are great counterfeits, still in superb condition. Most are priced over $200, a few even over that!

I didn't know they were that collectable though... I never really have them much thought once I was told they were counterfeits.. Next time I go in I'll check them out better and try to take some pics. Maybe even buy a couple..
Bedrock of the Community
United States
17884 Posts
 Posted 09/02/2013  12:57 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
Something you have to remember about the state coins is that some of the "real" ones were actually contemporary counterfeits.
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United States
1448 Posts
 Posted 09/07/2013  7:47 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list
Nothing is worse than a nice coin having a date that is altered just to drive up the price a little bit. It's destroying history.
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