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 Replies: 67 / Views: 6,685 |
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Pillar of the Community
United States
792 Posts |
This isn't too good for coin collectors because of the counterfeit threat that might make people leery and could cause value decreasing in several coins. I don't really collect old coins anyway, I just hunt rolls for error/varieties.
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Pillar of the Community
United States
543 Posts |
Hey Jays-Dad I suppose your suggestion uis one worth pursuing.
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Pillar of the Community
United States
5318 Posts |
"...we can hit back by changing the demand side." And, I think part of the problem is that people are buying slabbed stuff without really knowing the coin--the expectation of expertise is put on the TPG and not the collector, or should I say--"coin investor". This problem will solve itself when people take a real passion in what they're collecting, really learn the coins, and need less assurance from TPGs. Of course, online auctions are a problem because you seldom see enough detail to be sure either way. So I think TPGs must find a way to verify their slabs over the nearly indistinguishable forgeries that will soon flood the market. Otherwise, their product is toast. |
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Pillar of the Community
United States
1208 Posts |
Why don't we just flood their country with counterfiet Chinese currency?
Give them a taste of their own medicine.
We could print so much phoney paper it would be crazy.
They would have to use a wheelbarrow to carry the cash for a loaf of bread!
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Valued Member
United States
74 Posts |
I like that idea, print a couple billion dollars of chinese funny money. I'd chip in on that.
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Valued Member
United States
66 Posts |
I had one of my own products counterfeited ( no numismatic) by a firm out of China. In the end the some consumers figured out it was bogus but there was little or no way to tell how much they put on the market or how we could stop them. It had an impact on our sales and was not to fun to deal with.
Information is key. Buy only what you know and if its to good to be true it probably is.
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Valued Member
United States
56 Posts |
just wondering, what are the coins made out of?
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Moderator
 Australia
16829 Posts |
quote:
joeb907 asked:
just wondering, what are the coins made out of?
As I said before, it depends on whom they're trying to fool, but the short answer is, "the cheapest thing that will do the job". The cheap, shoddy Chinese replicas you can buy by the containerload for $1 each, are made of whatever cheap, shoddy alloy they can get their hands on. Normally some kind of brass that's been silver-washed or, more accurately, mercury-washed. Not entirely safe, but the health and safety of their workers and the people who buy their "coins" isn't high on their agenda. These coins are often underweight, because the alloy used is nowhere near as dense as silver. The ones designed to fool a close, in-hand inspection are often made of a lead-tin alloy that has the same density as silver, only much cheaper. It even "sounds silvery" when rung or dropped. The colour often isn't quite right, so they may be given a silver wash. If the dies are good, the only way to tell them from a silver coin would be by chemical analysis (eg. XRF). Their highest quality fakes are, of course, made from silver, of the same weight and fineness as the real thing. It's only worthwhile for them to do this for coins where the numismatic value is far higher than the bullion value. Such a coin could only be detected by trace elemental analysis: measuring the impurities in the metal and comparing the results to see if this "chemical fingerprint" matches real coins. Of course, if they melt down genuine common date coins and use the metal to restrike scarce dates, even this technique may not work. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
United States
12437 Posts |
quote:
Where do these people get these dies? Do the make them?
I've seen on The US Mint site dies are sold. Wouldn't the buyer of these dies have the opportunity to 'mint' their own coins with these dies from the mint as well? Why do they 'tempt' counterfeiters with this sale?
None of those dies are real. The counterfeit dies can be hand engraved or they can also pattern a die after an actual coin. The dies that are sold by US Mint have been rendered unusable by grinding off the face- it is just a hunk of steel with some numbers imprinted on it so no way to make a coin with it. I have seen some old cent dies from the 60s that were torched, essentially melting the face of the die. Edited by biokemist6
03/31/2008 08:49 am
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Bedrock of the Community
United States
17884 Posts |
The Canadian small cent is most likely a 1936 dot cent.
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Pillar of the Community
United States
5318 Posts |
quote:
The Canadian small cent is most likely a 1936 dot cent.
Now there's a "coin" that will make a quick $$ sale--without too much scrutiny!  It would be more effective to re-work a genuine '36, but those have been detected too. |
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Pillar of the Community
United Kingdom
2217 Posts |
Yep - they look like an enemy weapons factory to me, very chilling... maybe we should just send in the migs and bomb the place...
Well it looks like they would try and justify this by saying they need it to get their economy going, but we should try sanctioning them over this sort of thing as they will ruin our collectables markets.
By the way, on the subject of the creation of perfect looking fakes, is there a way of using high-level science to analyse the metal composition of impurities to discern which coins are fakes and which ones come from a genuine original minting around say 1797, 1805 etc...I would have thought there was one.
Edited by NumisMattyUk
03/31/2008 1:42 pm
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Bedrock of the Community
United States
12437 Posts |
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Pillar of the Community
United States
2177 Posts |
I too am speechless...  |
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Pillar of the Community
United States
1116 Posts |
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Replies: 67 / Views: 6,685 |
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Posted 03/30/2008 4:25 pm
