Counterfeit Canadian Coins!

sorry, I hit the wrong button...
but here it goes on...
...;.....AMERICAN "investor" who financed the whole thing. The swiss guy had the idea and the connections. They found a willing partner(the swiss connections), a Lebanese citizen living in Lebanon.
the 3 of them, and probably some of their friends set out to rock the Coin World....with a plan...
Apparently the swiss guy had a bunch of "coin making equipment" that was obsolete, but in working order......he shipped it to Lebanon and voila....
but, now, where to get the metal with the right metal composition...? Buying it on the open market was much too risky, as these guys needed a lot...
so whtb to do when you have money? You buy authentic Gold and silver coins of the years which have a very low value for a collector. ATB the time, a CAN silver dollar was most likely still beein circulated or available for $1 + a bit....., except the 1948, 1947 and 1945.......
get the drift guys and girls....?
Now they had the metal to make dollars.... they melted the cheap dollars and made 48s out of it....
BUT, they onlyb tested the market a few years later to see how good their product is.( will write another story about this later. it involves German Police and high end auctioneers..
Apparently bthese guys had it down to the T... they made Gold coins, Swiss, German, Italien, American, and YES even the rare 1916 and 1908 Canadian Sovereigns. Plius a whole bunch of silver coins... apparently they had a few highly intelligent tool and die makers working in Lebanon.....
Interpol, swiss and Us police was after them..they knew it was them but could not proof it.
until one day, the American, his name is / was Fox if I remember right, was cought passing one of the coins.
The swiss guy also was cought hen and went to jail. so did the American... Jail in Switzerland....
BUT.. their stash was never discovered, as Lebanon did not care....

Interesting Story... right...? apparently true..... and the pieces are coming together... slowly.. but surely.
Did you know, that approc\ximately every 5 German , Swiss and Austrian Gold coin as well as high end Silver coins are fakes.... and many are so good, even banks and top dealers can not readily detect it....
enough for todaY........ more stories to come...
mair hair is standing up....every time I think about it.
And HOW did I find out? Why did I dig deep?
well, who do you think took the pictures I up loaded? And tghe ones I will up load of other Canadian dollars soon...
ranted , the newer ones maynot be from Lebanon, but computer generated coins from China....
we shall see....
Oh... I will dig up the story about Lebanon... or what have somewhere...and go through it again...
and will also write more about the cases with the Police in Germany...., but only if it is of interest...
The German Federal Bank was also involved...

Oh.. just a bit more.... EVERY time I discovered one of thes Fakes ( 4 so far), it was said something like: the coin comes from a source that we know for a long time and have NO daubt about tyhe authenticy of the coin... One Auctoneer even threatened me with hyaving me charged because I was trrying to interfere with his business. I said to him the: You do what you have to do.. however it is still a forgery.......and I simply was pointing out to him that he had a forged 1948 Dollar....
any questions?

have a super weekend...

HHB

there is a fellow in Austria, His name is Volker Weege, he publishes a magazine called Moneytrend. He also wrote books on gold forgeries.... books are sold out.....
all I can say is WOWWWWWWW...picture your face when you find out, beyond a daubt, thjat the 10,000 Euro coin , your treasure in your collection is worth Gold value only.....because it is a fake... beyond a daubt...
even top dealers were fooled..
Will have another story about Fake gold coins-by order- later....they were so good that banks and experts accepted them a real !!!
HHB

his Magazine is in German only, but check out his site

www.moneytrend.at
HHB

Hello MKB
do you have the link to the one that sold in ebay?
HHB

Here's a good commentary on the counterfeits you need to worry about:

http://www.pcgs.com/articles/articl...zine04282009

These are essentially professional counterfeits. On a scale of 1 to 10, they come in at about a 9. At a 10, even the most knowledgable are fooled. The stuff from China comes in at about 4 to 5.

I don't see any issue with mkb's recent post. The detection methods for identifying Chinese fakes as they get better, will be similar to what is described in the article. Looking for die characteristics to separate out the real from the counterfeit is a good way to accomplish the task. I view the article as good knowledge to have, the techniques used are easily transferable to Canadian issues. The recent CCN articles by Mike Marshall have been doing exactly that.

As previously stated, the problem I have isn't with that article, it's with this statement.


The Things I've been following are uniformly high grade with those tell tale diagnostic marks used to determine counterfeits skillfully removed. Yet again he downplays the problem. This is my only issue here, it's not a small problem, it's a large one, and it's growing! Before this started, you couldn't purchase unmarked coins. Every copy was stamped (by law in the U.S. since 1973 I believe) but now anyone can buy them and get the coins delivered to their door. To me this is like mailing loaded weapons to criminals, it's just easy money to some people. ~ Jim

"The Things I've been following are uniformly high grade with those tell tale diagnostic marks used to determine counterfeits skillfully removed. "

Jim, perhaps you know something I and others don't. Please post images of the coins you are referring to because if they are as good as you say, then these are the ones that are a real concern. All the ones I have seen are clearly made with cast dies - complete with the characteristic weak images and roughness over the entire surface of the coin that comes from the cast process. This is not only visible to the naked eye for many with decent eyesight, but its extremely obvious under 10x magnification (even if one has poorer eyesight).

"Do you have any reason to bring up these older Gold coin counterfeits other that to downplay the Chinese counterfeiting ring problem?"

I thought why I mentioned them was clear - they illustrate just how good some counterfeits can be. I don't have any Canadian coins at that level of workmanship to illustrate as in the PCGS article, so I use what is available. You keep saying I am downplaying the Chinese coins. Please read ALL of the posts - not just selected parts. You should find that anyone in this hobby that is willing to spend much time and money on it should also spend time to educate themselves about the dangers of counterfeits, and how to recognize them. ALL the experts say this is the best protection for the collector. You seem to be downplaying the need for folks to make the effort to do such, and that if you shut down the mediocre sources of counterfeits, everything will be fine. You can shut down all the counterfeitters in China, and new counterfeits will surface. This has always been a problem, and to thing it can be stopped is follishness. Educating yourself is your best protection. That's the message you need to put out. AGAIN: that is what the experts will tell you - Educate yourself.