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 Replies: 32 / Views: 4,262 |
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Pillar of the Community
United States
533 Posts |
I did the same once bought off a seller with good feedback and suddenly it shipped from China. Coin looked real nice but too thick for a Morgan probably to get the weight up. ebay refunded the money and I used a cold chisel from my toolbox to stamp a big F on the front nice and deep |
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Bedrock of the Community
 United States
12477 Posts |
I knew before you stated it, that it was a case of a hacked inactive seller account. The sad thing is that the risk is calculated and they just pump out as many as they can until the account gets tagged, then keep all the money and move on to another vulnerable account to repeat the process.
Anywho, like others, I would mark these to indicate they are fakes/copies. That way, no one else gets fooled down the line. Personally, I would keep at least one for comparison purposes.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
United States
20753 Posts |
If you have a gun, put those in a tree and shoot at them. Then put them up for sale as coins shot by Annie Oakly or some other famous gun person.   Drill holes in them at the top and make a necklace out of them and also scratch fake on them with a hard nail. Using a hammer flatten them out enough to use as a drink coaster. |
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Moderator
 United States
188213 Posts |
Quote:
I don't have a furnace hot enough to melt them. I think it is still worth a try.  If all else fails, just carl has the right idea. |
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Moderator
United States
54280 Posts |
I'll take them from you...
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Pillar of the Community
United States
3540 Posts |
I would like ONE of these Morgan dollars. At least twice a year, I make a presentation to my local club and another club (100 miles away) on fake or altered coins. |
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Valued Member
United States
461 Posts |
I guess people will do anything to make a buck, and it is probably harder to make a buck in China than in many other places, but why in the world would anyone go to the trouble to counterfeit a circulated common date coin worth about $20?
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Bedrock of the Community
United States
17884 Posts |
Quote:
but why in the world would anyone go to the trouble to counterfeit a circulated common date coin worth about $20? To make money. They probably cost them less than $2 apiece to make, and they can crank them out at 60 per minute. That represents almost $1,100 a minute or $65,000 an hour being produced by a worker earning $10 a day. (Even wholesaling them out at $5 each that's still $15,000 an hour. What kind or an hourly wage do you need?) Sure they could just as easily make the rare expensive coins and make more per coin, but it is a heck of a lot easier to sell 50 $20 coins that most people aren't going to pay that much attention to or inspect closely, than it is to sell one $1,000 coin that is goint toget close scrutiny every time you try and sell one. The counterfeiters probably make more money on the low to moderate priced coins than they do on the expensive ones simply because they can sell so many more of them. Edited by Conder101
02/06/2019 1:03 pm
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Pillar of the Community
United States
6514 Posts |
Wow Conder. I never thought of it that way. Sigh. Nothing's safe is it?  |
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Valued Member
United States
461 Posts |
Conder, your numbers certainly make sense. It just boggles my mind that there would be enough collector demand to absorb such a large production. I speculated that maybe Chinese people were buying them as bullion, assuming they can afford them, but then I remembered the Chinese Panda made of unalloyed silver. I could then speculate that maybe the counterfeit Morgans could be popular in rural areas and small towns where Pandas are not so easy to get, but I have no facts to support that speculation. So, for me, it is one of those "Believe it or Not" situations.
It sure is a shame there are people who rip other people off.
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Pillar of the Community
United States
3343 Posts |
Silver test solution is an easy and cheap way to find out if they're silver, though it wrecks the coin.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Moderator
United States
54280 Posts |
There is NO appreciable amount of silver in these. For all intents and purposes there is none.
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Bedrock of the Community
United States
12477 Posts |
Quote:
It just boggles my mind that there would be enough collector demand to absorb such a large production. There may not be, but when you add silver stackers to that, the total demand dramatically increases. I highly doubt these are ultimately intended for the Chinese market. They are aimed at the US. For anyone who hasn't seen it yet, here is a great "behind-the-scenes" look at a counterfeiting operation in China: https://www.thesprucecrafts.com/chi...ring-4071202In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Rest in Peace
United States
18456 Posts |
Send them to President Trump and say " these are Chinese counterfeits. Tell him to inform his friend XI Jinping, President Chi, from now on we want a very heavy tariff on these Silver Dollars that you are exporting into the United States . |
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Valued Member
United States
461 Posts |
Spruett Thanks for the link. Your link leads to another on detecting counterfeit PCGS slabs. It has side by side diagnostics comparing a fake slab to a genuine one. I find it so hard to detect the side by side diagnostics that I am sure I could not spot a fake from a real slab on an internet photo. So, I looked at all my PCGS slabbed coins. There are so many different generations of holders, green, shield, whatnot, that the diagnostics described on the link I read do not apply to. I suspect that with a great deal of practice I could learn to "see" some of the diagnostic points shown on the side by side comparison, but I doubt I have the eye to catch much, and I think it would be much more likely that I would miss a fake than catch one. After being repeatedly burned with sliders buying raw coins on the internet, I have only been buying slabbed coins.which I figure protects me from photos taken at angles that conceal the hairlines and other evidence of slight circulation. I also thought slabs protected me from cleaned coins, but that was before I learned about "commercially acceptable" straight graded slabbed coins. Finally, with a slab, you have the TPG's guaranty the coin is genuine. Unless the slab is a fraud. I don't even know how to start addressing that question. I am going to start a new thread on tips for identifying counterfeit slabs. From what I have seen so far, it does not look easy to do. |
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Posted 02/05/2019 02:26 am
