| Author |
 Replies: 25 / Views: 4,118 |
Page 2 of 2
|
|
|
|
Rest in Peace
 United States
1380 Posts |
|
|
Pillar of the Community
United States
7621 Posts |
|
|
Pillar of the Community
United States
2233 Posts |
You have to wonder, just how many of these were manufactured?
|
|
Pillar of the Community
 United States
6586 Posts |
Quote:
What strikes me the most is WHY anyone would waste the time and energy to make a fake coin that's only worth five cents Some things just make you say  |
|
Bedrock of the Community
United States
36800 Posts |
|
|
Valued Member
 United States
67 Posts |
I figured it was fake. Thanks for all your input guys.
You can move it to a different forum if you'd like to Spence thanks.
|
|
Moderator
United States
15458 Posts |
|
|
Pillar of the Community
United States
2477 Posts |
wow, what a stinker.. to the artist's credit, though, it does kind of look like karl malden..
|
|
Bedrock of the Community
United States
17884 Posts |
That is at least the third one that has shown up.
|
|
Bedrock of the Community
United States
17884 Posts |
Quote:
What strikes me the most is WHY anyone would waste the time and energy to make a fake coin that's only worth five cents Well if you can make it for 3 cents, you make Two Cent on each one. Typical vertical coining press can easily strike 60 coins per minute. That is a profit of $1.20 per minute or $72 an hour. Well I know I don't make $72 an hour. |
|
Pillar of the Community
United States
7621 Posts |
Jefferson's kinda got that "I'm terribly constipated" look on his face!
|
|
Pillar of the Community
United States
840 Posts |
Quote:Well if you can make it for 3 cents, you make Two Cent on each one. Typical vertical coining press can easily strike 60 coins per minute. That is a profit of $1.20 per minute or $72 an hour. Well I know I don't make $72 an hour. @Conder101 Your point is well taken, but how would one dump the coins en masse...? Coinstar and other vending machines won't take them... I'm trying to figure out the profit mechanism here. |
|
Valued Member
United States
424 Posts |
One thing I was thinking of was perhaps these weren't made for the U.S., but to be sold to collectors in other markets. If, like you say, they can be made for 3 cents each then sold overseas to casual collectors who may not be aware of how the genuine coin looks for one or two dollars each, then it may be worth it to pump out a few thousand of these. Perhaps a few of them just happened to make their way over here and got put into circulation as an afterthought.
|
|
Pillar of the Community
United States
2233 Posts |
It could be made for Ecuador, since they are a prolific user of U.S. currency. I've heard stories about fake Sacagawea dollars coming from over there. |
|
Bedrock of the Community
United States
20753 Posts |
Quote:
Quote:
What strikes me the most is WHY anyone would waste the time and energy to make a fake coin that's only worth five cents Simple. If you can make several million of those and place in circulation by using them to buy things, such as a candy bar or gum. Then eventually you would have saved several hundred dollars in only a few hundred years.  |
|
Page 2 of 2
|
Replies: 25 / Views: 4,118 |
Page 2 of 2
|
First Page
Posted 02/25/2020 1:50 pm
