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Trade Dollar Real Or Fake?

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Pillar of the Community
United States
3184 Posts
 Posted 08/25/2012  5:57 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
Their are fakes now that weigh and look close to the real coin.....I'm not going to take that chance.
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matthewvincent's Avatar
United States
3486 Posts
 Posted 08/25/2012  5:57 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
Oh boy,daffy,
when the image came through I said to myself ... ehhhhhhh?
I know NOTHING about Trade dollars, except to say, this one don't look good.
Sorry. But PLEASE listen to the people here. We do NOT want you to get hurt with a bad transaction.
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matthewvincent's Avatar
United States
3486 Posts
 Posted 08/25/2012  6:02 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
Daffy, do not be discouraged.
Folks:
Will a few of you post GENUINE examples of Trade dollars and give Daffy
the tools needed to make an informed decision?
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 08/25/2012  6:05 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:

TPGs are one of the more curious forms of expert opinions. When you take a piece into a dealer and ask them face-to-face what something is worth, you're talking to a living, breathing human being. If you take it to multiple dealers, you have established a consensus with names you can revisit.


TPGs have a vested interest though in providing accurate opinions as their company would crumble if they dont. Dealers can be good, but just because someone owns a coin shop doesn't mean they know anything more than the person asking the question or even that theyre honest. If you are looking to sell they have a vested interest to keep the price down, and if you are looking to buy they have an interest in getting the price up.


Quote:
With a graded slab, you're trusting a label from a company with no individual person to fall back on or bounce further questions off of. It may be a reputable company. They may be fairly good at what they do, but if there's a mistake, you're on your own.


PCGS at least will buy back bad coins and does stand buy their slabs. I'm sure NGC does the same but have no experience with them personally.

I do agree the FS/ER labels are just a gimmick to increase income, but that gimmick doesn't affect their opinions on fakes and grading.

I mean the only 100 percent for sure way to avoid getting burned is to stay out of coins in general, but personally I like my chances better with a TPG than without. That said I dont blindly buy older slabbed coins without seeing them as they arent all equal, but you can at least be confident theyre real regardless of look
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matthewvincent's Avatar
United States
3486 Posts
 Posted 08/25/2012  6:07 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
Again I say,
POST A REAL EXAMPLE!
TPG talk is garbage to a newbie.
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matthewvincent's Avatar
United States
3486 Posts
 Posted 08/25/2012  6:09 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
I am quite serious about this.
Stop showing off your opinions and back them up with concrete examples.
Both fakes and genuine.
Let us all learn together.
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matthewvincent's Avatar
United States
3486 Posts
 Posted 08/25/2012  6:32 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
Daffy,
go to
http://lsccweb.org/
for info on Trade dollars.
A first starting place for education.
All Seated Liberty coins.
Edited by matthewvincent
08/25/2012 6:33 pm
Pillar of the Community
matthewvincent's Avatar
United States
3486 Posts
 Posted 08/25/2012  6:35 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
So where are the examples, folks?
Put your money where your mouths are.
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Chancellor Sutler's Avatar
United States
1372 Posts
 Posted 08/25/2012  6:43 pm  Show Profile   Bookmark this reply Add Chancellor Sutler to your friends list Get a Link to this Reply
This is probably the best place to look at images of genuine coins, and its a source you trust. You can see excamples from "about good" AG-3 to MS-65.

The photos are professionally shot.

I didn't intend to imply that you needed a doctorate to collect coins. I just see more and more ... buy the slab and that guarantees it's real" ... well, no, it doesn't anymore. You really "need" to know a bit about coins to keep from getting stung by the nefarious traffickers of garbage.

Chance
Pillar of the Community
United States
3184 Posts
 Posted 08/25/2012  6:53 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
Heres one I own

Trade-Dollar-Real-Or-Fake?
Trade-Dollar-Real-Or-Fake?
Trade-Dollar-Real-Or-Fake?
Edited by mkman123
08/25/2012 6:56 pm
Pillar of the Community
matthewvincent's Avatar
United States
3486 Posts
 Posted 08/25/2012  7:02 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
WOW, Sutler,
To teach is to share, and FINALLY a person has responded to my request.
Poor Daffy now has a great example to study.
I must tell you "GREAT JOB!"
Opinions are one thing, pictures are another thing.

New Member
daffy's Avatar
United States
7 Posts
 Posted 08/25/2012  7:03 pm  Show Profile   Bookmark this reply Add daffy to your friends list Get a Link to this Reply
Wow, this is a great site, and I am impressed with the knowledge that is shared here. For a hundred bucks I'm allmost inclined to buy these so I can study them, in my hand, and share them with the community. I have been purchasing some silver coins, not for numismatic value, but @ or below melt so the grade of most of my coins would be considered low. I find the Trade dollars interesting, because of their history both the genuine, and fake.

Trade-Dollar-Real-Or-Fake?

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matthewvincent's Avatar
United States
3486 Posts
 Posted 08/25/2012  7:07 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
OH Daffy!
Those Trade dollars hold magic! No doubt you are caught up in the spell.
In time, you will find the best example for you.
DO NOT SETTLE FOR LESS than an example which pleases you.
Edited by matthewvincent
08/25/2012 7:12 pm
Pillar of the Community
matthewvincent's Avatar
United States
3486 Posts
 Posted 08/25/2012  7:15 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
To mkman123,
Thank you for helping out.
One picture is worth many thousand words.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 08/25/2012  7:38 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I didn't intend to imply that you needed a doctorate to collect coins. I just see more and more ... buy the slab and that guarantees it's real" ... well, no, it doesn't anymore. You really "need" to know a bit about coins to keep from getting stung by the nefarious traffickers of garbage.


I definitely agree with this. Just saying get slabbed doesn't tell enough for the story for the newer people who the advice is aimed at in the first place
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