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Is There A Market For Fake Coins?

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Bedrock of the Community
United States
20753 Posts
 Posted 10/12/2008  11:44 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
If you can find some coin shows in your area you may be surprized at how many counterfeits, fakes, copies, etc are being sold there. It is just one more of the growing portions of this hobby. Some are very well made and command a large price. Even some of the really poor ones sell. I remember not long ago I purchased a fake Liberty Walking half dollar that was so bad it was funny. It was made of Lead and only the obverse. The reverse was blank. I paid a dollar for the thing though. Some counterfeits actually are selling for more than an original if made really well and of high grade metals. One fake I saw was made of pure Silver. I guess the counterfeiter didn't have any Copper so used all Silver.
Interesting hobby you know.
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KurtS's Avatar
United States
5318 Posts
 Posted 10/12/2008  3:49 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Joking aside, I'm sorry to hear you got taken.
ebay's a real shame--the number of overgraded/cleaned/fake coins is appalling.
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Sir Ferrari's Avatar
United States
671 Posts
 Posted 10/12/2008  7:56 pm  Show Profile   Bookmark this reply Add Sir Ferrari to your friends list Get a Link to this Reply

Quote:
Ebay's a real shame--the number of overgraded/cleaned/fake coins is appalling

And it gets worse every day...
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MrCanada's Avatar
Canada
650 Posts
 Posted 10/13/2008  12:30 am  Show Profile   Bookmark this reply Add MrCanada to your friends list Get a Link to this Reply
Speaking of e-bay whats with the no negative feed back ? How are you going to weed out the scammers?
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Archraz's Avatar
United States
3499 Posts
 Posted 10/13/2008  02:32 am  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
When I was in Spain this past summer, I saw so many fakes. I want to say that I saw 2 fake 8 Reales for every real one I saw. Some of these were rather good looking fakes, but others just made you laugh (such as one that had raised rather than incuse chop marks). You really have to be careful. Fakes are just everywhere now. This is why I have not bought coins off of ebay since 2001.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 10/13/2008  09:35 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
I imagine that if it is a contemporary counterfeit then I may have a bit of value, but if it is a modern fake, then you have a worthless paperweight.

I'll bet a genuine for real fake Jefferson (1941D?) is worth more than the government issue.
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Archraz's Avatar
United States
3499 Posts
 Posted 10/13/2008  2:31 pm  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
Zohar444- what exactly are the major signs that your Funf Mark is fake? I must admit that the lettering does look a bit odd and the color is a bit off.
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Zohar444's Avatar
United States
1429 Posts
 Posted 10/13/2008  2:39 pm  Show Profile   Bookmark this reply Add Zohar444 to your friends list Get a Link to this Reply
I believe the weight to be less than spec and the color seems artificial. You got it.
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SpringCypress's Avatar
United States
666 Posts
 Posted 10/13/2008  2:45 pm  Show Profile   Bookmark this reply Add SpringCypress to your friends list Get a Link to this Reply
There's one specific counterfeit I'd like to buy

Henning Nickel
Edited by SpringCypress
10/13/2008 2:45 pm
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biggfredd's Avatar
United States
9104 Posts
 Posted 10/13/2008  7:57 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Yeah, that's the one I was thinking of.
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SpringCypress's Avatar
United States
666 Posts
 Posted 10/13/2008  10:33 pm  Show Profile   Bookmark this reply Add SpringCypress to your friends list Get a Link to this Reply
For as many of them that made it into circulation, they're surprisingly hard to find.
Bedrock of the Community
United States
20753 Posts
 Posted 10/14/2008  09:38 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

There's one specific counterfeit I'd like to buy

Henning Nickel


I wonder what those would sell for?
Interesting story. Makes you wonder why someone would spend so much time making a Nickel instead of a quarter or half dollar.
Ever see that movie about the guy that made counterfeit dollars. I think he did it for about 20 years.
Those too would probably bring a good price.
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