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 Replies: 23 / Views: 4,260 |
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Pillar of the Community
United States
4421 Posts |
I saw a flea market dealer selling copies like these last year. He priced them at $5, each. It's a fair guess that he paid about a third of that retail price, as he had a number of pieces, bought in bulk.
Edited by ExoGuy
12/10/2014 06:47 am
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Pillar of the Community
United States
1757 Posts |
Steve -
When I do my new book Forgotten Coins I will have a chapter on modern fakes - I might as well reference your site!
John Lorenzo
Numismatist
United States
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Pillar of the Community
United States
8521 Posts |
I like angry Liberty on the 1799 lol.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
8904 Posts |
Me? I wouldn't buy any of these. Why? My ancestors may consider these genuine and be tremendously embarrassed if/when they try to sell them. (Yes, I think that far ahead with my collection). I have 8 fake Seated Liberty dollars I acquired early in my collecting career, and have no idea what to do with them. I now have them in a separate drawer (away from my normal coin drawer) in a baggy wrapped with rubber bands with a big note: "FAKE". I would walk away. IMO, the fake coins are not worth it. Edited by Moe145
12/11/2014 7:24 pm
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Pillar of the Community
United States
1796 Posts |
@colonialjohn - Please feel free. :-)
@Moe145 - You could always donate them to The Black Cabinet's stacks. Each one that comes in is cataloged and documented and then permanently kept out of circulation.
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Pillar of the Community
Canada
3692 Posts |
Steve, when you pass on, what guarantee do you have that they will not circulate? Do you destroy them? The only one I would consider counterfeit would be the Peace dollar, and most of the top row, though they are bad. The rest are novelties. |
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Pillar of the Community
United States
593 Posts |
My LCS showed me several fake Seated and Trade dollars and I/2`s plus others. I remember when they use to require that copy had to be stamped on the coin and visible to be seen before purchase. I guess the Chinese or ? don't have to follow these rules. I Thieves and Cons |
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Pillar of the Community
United States
1796 Posts |
@Libertad - My family knows what to do with my standing collections in the unlikely event of my demise (and my kids are budding numismatists, so they are likely to keep things going). Everything is already very carefully labeled, cataloged, and secured. Extra copies of varieties I already have specimens of in the catalog will be destroyed.
Also, some time in the near future (I need to get an appropriate diamond bit that fits my plotter/cutter) I'm also going to begin etching all counterfeits in the collection with The Black Cabinet logo and their respective catalog numbers.
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Pillar of the Community
United States
1796 Posts |
@garys64wildcat - Aye they still do require that, but the requirement is only if you're the (domestic) manufacturer or the importer.
The Chinese manufacturers won't do it... and the kinds of folks who import them in bulk are the same kinds of folks who tend to ignore the law.
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Pillar of the Community
Canada
3692 Posts |
Awesome plan, Steve! I'd hate to see those things released into the wild again and burn a new generation of collectors.
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Pillar of the Community
United States
4421 Posts |
IMHO, the Bulgarian counterfeiters seem better at it than do the Chinese. Then too, our stateside Omega guy was/is a "great" counterfeiter; not to mention the chap who pumped out those micro-O Morgans that PCGS used to slab! Crime disregards borders and ethnic groups, it seems ...
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Pillar of the Community
United States
593 Posts |
Great work Steve, I read over your list. Keep up the good work. My LCS has some of those I'm sure
Lots of cons trying to take advantage of unwary people.
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Pillar of the Community
United States
4692 Posts |
I wouldn't waste my money on them. You can get just about any fake coin you want from china for under $2.
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Pillar of the Community
United States
1391 Posts |
Steve, about how many counterfeits do you have in the Cabinet?
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Pillar of the Community
United States
1796 Posts |
Enough that if the Secret Service were to show up... well... :-)
But joking aside, I have few hundred counterfeit varieties and multiple specimens of about a quarter of those varieties. They range from contemporary counterfeits (Micro-O Morgans, Henning Nickels, etc.) to moderns pulled from circulation (brass Sacagaweas, base metal "silver" dollars) and pieces aimed at fooling collectors (fake PCGS slabs, altered coins, fantasy pieces), too.
Most of them I bought from jewelers and cash for gold shops that got snookered by unscrupulous individuals, but a growing number are donations that folks want cataloged for posterity, and don't want re-entering circulation.
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Posted 12/10/2014 06:46 am
