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 Replies: 29 / Views: 5,755 |
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Valued Member
United States
174 Posts |
A couple of years ago there was series a series of raids on area NH/MA flea markets cracking down on fake purses (the main item I remember). I talked to a friend who sets up at one of the flea markets that got raided and I guess they raided that flea market 1/2 dozen different times. I guess the more product was confiscated & more people got arrested, the more replacements for both came in droves (for around here they would come in from NY).
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Valued Member
 Belgium
186 Posts |
@ImTBM Don't worry, for now these fake junk silver coins are truly the exception. If you really want to be sure, buy truly low grade (under G-4) common dates, no counterfeiting business here. Also, you could buy non-US junk silver coins which are seldom counterfeited (except maybe for Canadian, British, Japanese and of course Chinese coins).
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Rest in Peace
United States
18456 Posts |
I feel sorry for future Newbies . Hopefully they'll do their homework before they start buying .  |
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Moderator
 United States
188440 Posts |
There was a lot of screaming on the previous page.  |
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Bedrock of the Community
 United States
12477 Posts |
Quote:
And very possible stuff like pencils, pens, paper, paper towels, printer cartridges, shoes Fake paper towels? As long as they do the job...  I'm 99.99999% sure I'm wearing a fake pair of Salomon shoes right now. The price was great, though, and they lasted me a couple years.  Quote:
...series of raids on area NH/MA flea markets cracking down on fake purses... That's a huge market, probably much bigger than counterfeit coins. I've admittedly done research on bags, especially Coach and Louis Vuitton, to determine authenticity. Sometimes it's as blatant as a bad counterfeit coin but, sometimes you have to really dig deep to find out-of-place characteristics. I won't go into detail.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
1346 Posts |
I'm not wearing any socks, but they are fake.
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Bedrock of the Community
United States
12829 Posts |
Boy, the counterfeiters even attempted to put some age/patina on those coins.
I pretty much stick to silver bars/rounds from reputable dealers these days with as low a premium as possible rather than worry about junk coins.
Faked (not genuine?) purses... I bought a Coach purse for my wife online earlier this year and as long as you do the research to know what to look for, and the seller offers returns, you should be in decent shape. And if the price is too good to be true...
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Valued Member
Belgium
186 Posts |
Quote:
Boy, the counterfeiters even attempted to put some age/patina on those coins. Yes, they often do but only to a point where this can be profitable. The usual price of coppernickel-clad steel or copper fake coins as shipped directly from the 'mints' on the leading Chinese sites is $1.80 apiece (those in fake slabs or made in 90% silver are a different story). Which means that if a coin has a catalog price under $1.80 (okay, let's say $1.50 because some fakes are cheaper), they will not counterfeit the coin. This means that if you find a 1945 Mercury dime in AG-3 it just can't be fake (or shouldn't). This is why I couldn't find any Chinese-made fake Jefferson nickels, Lincoln Memorial cents (except for the rarer varieties), Roosevelt dimes (except that one singular 1964 fake), Kennedy half dollars, etc. So as I said, if you stick to lowball common-date Mercury dimes you shouldn't have a problem. I might compile a list of US coins I could find fakes of on the Chinese sites, maybe with pictures, so everyone can look for specific detail elements typical of fake coins. |
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Valued Member
United States
174 Posts |
That list would be great DominikWSP. Do you know if they are knocking off products from various mints? I would assume if they are willing to knockoff US Currency, they are also willing to make fake silver rounds & bars from the bigger mints.
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Pillar of the Community
United States
2023 Posts |
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Moderator
United States
54282 Posts |
Quote:
so far I've seen none of these fakes go beyond the Chinese market onto mainstream sites such as eBay We see Chinese fakes on ebay every single day, and people are buying them faster than we can let ebay know about them! I suspect the smaller denomination common date silver counterfeits are being purchased to mix in with genuine silver coins to sell to unsuspecting bulk 90% silver buyers. A $1,000 face value 90% silver Roosevelt dimes bag might currently fetch $12,300 or more. If 5% of the coins are replaced with counterfeit 1964 Roosevelt dimes, that's a quick $615 profit for the crook. If they replace just 1%, it is still $123 they make for coins that are not silver. These can be bought in bulk from Chinese manufacturers for just a few cents each. |
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Bedrock of the Community
United States
17884 Posts |
Quote:What do you think of making a list of US coins which are being counterfeited in China? There is one, it's called the RedBook by R S Yeoman. |
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Valued Member
Belgium
186 Posts |
Quote:Counterfeit Jefferson nickels have been discussed at http://goccf.com/t/175236 and at http://goccf.com/t/239541 along with some Kennedy halves. May not be Chinese, but they do apparently exist. Yes, these are circulating counterfeits and not Chinese-made deceptive ones. Quote:
That list would be great DominikWSP. Do you know if they are knocking off products from various mints? I would assume if they are willing to knockoff US Currency, they are also willing to make fake silver rounds & bars from the bigger mints. Yes, silver and gold bullion is definitely being counterfeited from various mints, with the fake Perth Mint gold bars being well-known. As a side note, there are at least 3 full-sized mints that churn out thousands of fake coins every day, and they are surely many more DIY-style fake-makers. Quote:We see Chinese fakes on ebay every single day, and people are buying them faster than we can let ebay know about them! I was talking specifically about the four coins I posted. Quote:There is one, it's called the RedBook by R S Yeoman. I was meaning a detailed list with pictures so you can watch out for some alarming details. |
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Bedrock of the Community
United States
17884 Posts |
Quote:Quote: Counterfeit Jefferson nickels have been discussed at http://goccf.com/t/175236 and at http://goccf.com/t/239541 along with some Kennedy halves. May not be Chinese, but they do apparently exist. Yes, these are circulating counterfeits and not Chinese-made deceptive ones. The Chinese have even counterfeits late 1950's wheat cents. I'm not talking about circulating counterfeits but brand new coins and offered for sale of the great Chinese version of ebay. And the remark about the Redbok, though flippant was pretty accurate, Most everything listed in the book has been been counterfeited by the Chinese. And if you find one that hasn't been, they will be happy to make one for you. A detailed listing with pictures would be obsolete as soon as it was published. Another problem is a listing of what they have done wrong is immediately corrected on the next set of dies they make, making the new fakes even harder to detect. Edited by Conder101
11/07/2017 3:25 pm
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Valued Member
United States
406 Posts |
Wow. Just Wow. I've seen lots of pics of fake rarities but I had no idea they faked common dates like these.
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Replies: 29 / Views: 5,755 |
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Posted 11/04/2017 7:05 pm
