This 2004 Keelboat Nickle Sticks To A Magnet I'm Guessing It's A Fake? - Page 2

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Author	Replies: 25 / Views: 4,122	Page: of 2

Fernagh Valued Member United States 67 Posts	Posted 02/25/2020 9:23 pm 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. Report this Post to the Staff
nickelsearcher Moderator United States 15459 Posts	Posted 02/26/2020 05:29 am Absolutely bogus indeed Take a look at my other hobby ... http://www.jk-dk.art Report this Post to the Staff
MrPink2018 Pillar of the Community United States 2477 Posts	Posted 02/26/2020 05:49 am wow, what a stinker.. to the artist's credit, though, it does kind of look like karl malden.. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 02/26/2020 12:15 pm That is at least the third one that has shown up. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 02/26/2020 12:30 pm 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. Report this Post to the Staff
westernsky Pillar of the Community United States 7621 Posts	Posted 02/26/2020 4:44 pm Jefferson's kinda got that "I'm terribly constipated" look on his face! Report this Post to the Staff
jeffbuckes Pillar of the Community United States 840 Posts	Posted 02/28/2020 6:22 pm 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. Report this Post to the Staff
DeputyMax Valued Member United States 424 Posts	Posted 02/28/2020 9:47 pm 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. Report this Post to the Staff
CalzoneManiac Pillar of the Community United States 2233 Posts	Posted 02/29/2020 03:43 am 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. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 02/29/2020 09:25 am 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. Report this Post to the Staff
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