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 Replies: 17 / Views: 3,088 |
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Pillar of the Community
Korea, Republic Of
1881 Posts |
matthewvincent:
Pretty much all coins, like 99% of all coins sold in Aliexpress are counterfeits.
Some are very, very good fakes IMO, so watch out.
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Pillar of the Community
United States
1531 Posts |
Someone could make a real killing off of this...
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Pillar of the Community
United States
3486 Posts |
Thanks for the warning Matteproof.
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Pillar of the Community
United States
4883 Posts |
Quote:
Someone could make a real killing off of this... Someone is.Colligo ergo sum
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Pillar of the Community
 United States
3098 Posts |
The 1857 Flying Eagle cent I've posted about turns out to be one of theirs. The identifying mark is a notch out of the left side of the T in CENT. Paul Bulgerin
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Moderator
 United States
23522 Posts |
Quote:
Someone could make a real killing off of this...
Wish that "someone" were the Secret Service, but we can't touch them. And people are all deliriously happy that Alibaba is doing an IPO here in America.... |
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Valued Member
United States
144 Posts |
What's really scary are the slabbed fakes. I've always read "buy that coin slabbed...that coin should always be slabbed...", but nowadays they are faking the slabs almost perfectly as well.
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Pillar of the Community
United States
1531 Posts |
The new DuPont registry hologram is nice for this purpose, but they can always fake the old ones...
This is so disgusting. Companies like this make coin collecting difficult.
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Pillar of the Community
United States
1277 Posts |
Absolutely ridiculous. How is this legal? Can't PCGS sue?
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Valued Member
United States
259 Posts |
I just browsed through the Alibaba site and am astonished by how many different manufacturers and/or distributors from China are selling counterfeits. They're getting very* smart- some listings even mention that the coins are non-magnetic and/or silver plated. Admittedly, some are more crude than others and won't fool anyone.
Many of us have read in recent articles that in China these products are simply viewed as imitations and novelties, and that the industry is respected as is draws import revenue into China. That said, when the coins are put in fake PCGS holders, the motive can only be fraud. Stay vigilant my friends.
Edited by shermae
05/10/2014 10:09 pm
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Pillar of the Community
Canada
2124 Posts |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Absolutely ridiculous. How is this legal? Can't PCGS sue? How is it legal? They are located in China and China's law on counterfeiting coins only makes it illegal to counterfeit Chinese coins struck after 1949. Making fake coins of other countries is perfectly legal under Chinese law. As for PCGS suing, how do you sue when no law has been broken? No Chinese law has been broken and our laws do not apply in China. The only person breaking any laws would be the person in the US who buys them and has them shipped to the US. PCGS might be able to sue them, if they knew who they were. |
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Pillar of the Community
 United States
6370 Posts |
"What's really scary are the slabbed fakes. I've always read "buy that coin slabbed...that coin should always be slabbed...", but nowadays they are faking the slabs almost perfectly as well."
That's why I would probably stick to NGC. It is less counterfeited and they have a photograph service for nearly all their coins, which would be integral in sifting out the counterfeits. That said, when I'm buying a raw coin I 1) make sure they have a return policy, 2) check their guaranty of authenticity, and 3) try to determine the die variety before buying an early coin.
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Pillar of the Community
United States
4085 Posts |
Sometimes I feel like we collectors are racing the clock to obtain real coins to complete collections before the counterfeits become so good that the hobby is essentially ruined forever.
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Pillar of the Community
United States
4883 Posts |
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Replies: 17 / Views: 3,088 |
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Posted 05/09/2014 8:10 pm
