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 Replies: 24 / Views: 7,087 |
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Pillar of the Community
527 Posts |
Poll Question
If you found a counterfeit Morgan or Peace dollar, what would you do with it? *** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
Canada
1731 Posts |
I would keep it just so I know what the differences are between fakes and real ones
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Pillar of the Community
United States
1231 Posts |
#3 & #4 would actually be against the law to knowingly pass a counterfiet item
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Moderator
 United States
14463 Posts |
I would keep it, but that also depends on if I bought it as a real coin and paid a "real coin" price.
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Bedrock of the Community
United States
10284 Posts |
I have some and I am keeping them, the holders I have labeled as made in Hong Kong. There are so many fakes and so many to come yet that destroying any number of those you can get your mitts on will never make the slightest difference. I think they are valuable tools to use for exposing fakes to other collectors. I would never sell them and I don't think it is illegal to own, only to sell as real. Here's a pretty convincing fake coin.  |
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Rest in Peace
1988 Posts |
TheDanMan...I was the 2nd to vote and turned off my computer and logged on again and could vote again (6th vote)...No big deal thou.
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Pillar of the Community
United States
592 Posts |
Along with the picture could you point out the markers that to look for?
I'm thinking the I & the second t of in god we trust, also the 8's in the date?
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Rest in Peace
United States
7075 Posts |
I didn't vote because I didn't care for the options.
I keep a record of every coin that I buy and how much I paid and who sold it to me. I get a receipt and often a business card.
If anybody ever sells a fake to me, I will raise a fuss. I will report the crime. I will post the incident here and every other coin site that will allow me to post.
If it was an honest mistake made by an honest dealer, then I would expect the dealer to make it right. But I am certain a dealer could spot a fake so I don't expect that to be the case -- ever.
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Pillar of the Community
 527 Posts |
Quote:
I didn't vote because I didn't care for the options.
I keep a record of every coin that I buy and how much I paid and who sold it to me. I get a receipt and often a business card.
If anybody ever sells a fake to me, I will raise a fuss. I will report the crime. I will post the incident here and every other coin site that will allow me to post.
If it was an honest mistake made by an honest dealer, then I would expect the dealer to make it right. But I am certain a dealer could spot a fake so I don't expect that to be the case -- ever. That's great and all, but what if you find a fake from a bank? |
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Bedrock of the Community
United States
10284 Posts |
Quote:
Along with the picture could you point out the markers that to look for?
I'm thinking the I & the second t of in god we trust, also the 8's in the date? No I could not, I am not familiar with the details of a real one ( 1881 CC ), but I suppose you could compare one to the other with an internet search. My point is that some fakes are pretty darn convincing. If it were a 1921 fake Morgan, somebody could slip a few in with others and rip someone off easily enough. |
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Valued Member
United States
307 Posts |
keep as a learning tool probably.
Probably not smart to buy an 1881 CC Morgan unless its graded anyways. A slabbed example costs only a little more(relatively speaking).
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Pillar of the Community
United States
2295 Posts |
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Moderator
United States
189969 Posts |
I would keep it for novelty and educational purposes. Hopefully I bought it as a known counterfeit and did not pay the authentic coin price.  |
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Valued Member
United States
140 Posts |
I would definitely keep it. I've purchased quite a few fakes, but knowing they were fake just to use as a reference. But I would never put it back into circulation or trade it at a bank. That's as bad as the person(s) who made the coin.
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Pillar of the Community
 United States
1551 Posts |
Quote:
If it was an honest mistake made by an honest dealer, then I would expect the dealer to make it right. But I am certain a dealer could spot a fake so I don't expect that to be the case -- ever.
I have seen a few and even did a bit of research on a 1889 CC counterfeit. On this one just to confirm what I was thinking I took the thing to 3 dealers that have been around or 25 years plus each. Of the 3 dealers 2 tried to buy the thing. The weight was spot on as well as size. The reed count was off by only 2 and I sent it to Leroy Van Allen, the reverse die was made using as 1884 CC dollar and the obverse was made by a 1889 P dollar. If it was pocketized to ware a bit of luster off that coin for a few weeks I am 100% sure it would of passed by 95% of every dealer you would show it to. My buddy had bought the coin in a fake PCGS holder and the ID number matched a 1889 CC in AU-55 as the label said. The coin looked like a MS-61 slider. It sits in a sealed holder currently slabbed with the VAM number given to it, as well as labeled Counterfeit. On pricey coins know your die pairs, and if a deal is just to good to pass up....Think Again. I would think 99% of all fakes that are sold by someone, the buyer thinks he is getting a steal of a deal. Steal is right but the buyer needs to look in a mirror to see who is getting robbed. Edited by twohawks
03/09/2012 12:59 pm
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Pillar of the Community
United States
1770 Posts |
definately keep it so I would know what a fake looks like and use it as a conversation piece
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Replies: 24 / Views: 7,087 |
Posted 03/08/2012 9:21 pm
