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Replies: 24 / Views: 3,908 |
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Pillar of the Community
United States
3843 Posts |
Modern Counterfeit - Unfortunately I think someone is telling you some far fetched stories. How long ago did your great-great grandfather pass on? My condolences.
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New Member
 Singapore
2 Posts |
@joe2007 passed on at least 60 years I believe. Never even seen my great grandfather, let alone great great grandfather. To all.. I expected it to be fake as well since I all I read about Trade dollar was they first started in 1873. Just perplexed that they have such counterfeits back then.
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Pillar of the Community
United States
4932 Posts |
Quote: I don't think so. Since the design is so different from any real coin, I think it's OK. Just don't try to sell it as a real coin.
Come on, please don't tell me you got NOTHING out of the sub-forum for coin counterfeits. This is a Chinese counterfeit, unmarked, and is ILLEGAL to sell. You know that...
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Pillar of the Community
 Canada
5405 Posts |
@ moviezzz you don't have to be perplexed. This Chinese POC could be from last week or last month it never saw socalled Great. Great grandfathers pockets. Bucket loads of this crap leave China on a Daily basis.
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Pillar of the Community
United States
4963 Posts |
Quote: is ILLEGAL to sell. You know that... I stand corrected.
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Pillar of the Community
United States
757 Posts |
Quote: This is a Chinese counterfeit, unmarked, and is ILLEGAL to sell. You know that... First of all what is it a counterfeit of? This coin if anything is a fantasy coin and there is nothing at all illegal about selling it. You really need to read the laws about counterfeiting and then confer with a lawyer about what is stated before making blanket statements like you did. Heck the law about counterfeiting coins is only for coins in the denominations of 5 cents and above. So basically I could crank out as many cents as I wanted to and sell them unmarked and it would be "legal". FROM 18 U.S. Code § 485 - Coins or bars Quote: Whoever falsely makes, forges, or counterfeits any coin or bar in resemblance or similitude of any coin of a denomination higher than 5 cents I know you have noble intentions, but sometimes it's wiser to stay silent. That is unless you are 100% certain what you are saying is correct.
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Pillar of the Community
United States
4989 Posts |
Modern cast coin. I wouldn't call it counterfeit since, obviously, no real Trade dollars were minted with a date of 1845. Should be no problem selling it as a fantasy piece but it would have very low value.
Edited by fenton 02/20/2016 09:33 am
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Pillar of the Community
 Canada
5405 Posts |
This thread just further reinforces my fears for numismatics. Incredible!
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Pillar of the Community
United States
757 Posts |
Quote: This thread just further reinforces my fears for numismatics. Incredible! I am not understanding your fears. It's a fantasy coin at best and anyone who is in this hobby should easily be able to spot the fact this coin is not a genuine coin. This is like the 1800's Washington dollar coins. These should have absolutely no bearing on the hobby as they are so bad no one should fall victim to it. The coins that should inspire fear are the ones that have slipped past the TPGs and been graded.
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Pillar of the Community
United States
5870 Posts |
Quote: Whoever falsely makes, forges, or counterfeits any coin or bar in resemblance or similitude of any coin of a denomination higher than 5 cents The "in resemblance" part is what gets me wondering. This coin certainly resembles a real coin. In fact, it actually resembles two real coins. But no, it's just a "fantasy" coin. Fine. What if it looked exactly like a real Liberty Seated dollar, except that it was dated one year before or one year after such coins were actually minted? Still not an exact duplicate, but some might still say the resemblance was uncanny. What if it looked exactly like a real Liberty Seated dollar and had a legitimate date, but it had a missing or extra mint mark? Still "just" a fantasy coin? Let's take it a step further (or in a slightly different direction, at least). What about a coin that has all the proper elements of a real Liberty Seated dollar, but is just very poorly executed. If the design is so bad that it's obviously a fake to any knowledgeable collector, it obviously doesn't "resemble" the real thing very much and probably would resemble it far less than one that simply had an "impossible" date or mint mark. Where do you draw the line? Personally, I think that any attempt to make a coin that looks at all like a real coin, regardless of the differences between it and the real coin, is a counterfeit made with the intent to deceive the ignorant. And even if the person making it claims to "just" be making a "fantasy" coin with no intent to deceive, once the coin leaves his hands there is no way to control how it will be represented down the line.
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Pillar of the Community
United States
2815 Posts |
Good discussion, as usual when counterfeit topics like this one come up. Counterfeits have been around as long as numismatics, but numismatics is still here, safe and sound. Now I realize that there are way more counterfeits being made today than ever before, so it's not unreasonable to have some concern. I think we do a great job educating new members and those just passing through.
I have lots of counterfeit draped bust silver dollars. We are now using them to teach my daughter how to count. We like to stack 'em too. Fun times.
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Pillar of the Community
United States
757 Posts |
Quote: Counterfeits have been around as long as numismatics, but numismatics is still here, safe and sound Exactly. The day after the first coin was struck, someone made a fake one. While it seems like there is a great influx of counterfeit coins. I personally believe it's just the fact the world has become so small nowadays since the internet has made finding anything possible with the click of a button. This is a double edge sword. I can get anything counterfeit in a matter of minutes, but at the same time I have thousands of ways to determine if a coin is counterfeit or not. In the end if you are truly a collector you should know what you are buying. If you don't want to take the time to study and just throw money around it's basically your own fault if you get taken. This holds true for anything though. My wife loves UGG boots and coach bags there are tons of fakes out there. I had to educate myself of what is and isn't real before I started buying them for her.
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Valued Member
United States
62 Posts |
This looks and feels like a real coin. I picked it up at a garage sale for a quarter, got it home looked it up and it has wrong reverse I think this reverse is that of a morgan.  
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Pillar of the Community
United States
5870 Posts |
Yep, definitely a Morgan reverse.
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Moderator
 United States
54284 Posts |
Quote:the law about counterfeiting coins is only for coins in the denominations of 5 cents and above. So basically I could crank out as many cents as I wanted to and sell them unmarked and it would be "legal". FROM 18 U.S. Code § 485 - Coins or bars Quote: Quote: Whoever falsely makes, forges, or counterfeits any coin or bar in resemblance or similitude of any coin of a denomination higher than 5 cents I know you have noble intentions, but sometimes it's wiser to stay silent. That is unless you are 100% certain what you are saying is correct. "5 cents and above" is not the same as "higher than 5 cents".
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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