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Pillar of the Community
United States
980 Posts |
[/quote] Look at the edge of the coin. You will see what appears to be the casting line. This is the seam where the two pieces are joined together. [/quote] I think I see it now, ND. That view isn't an edge view, but the rim appears too wide, and there is a shadow line "below" the rim on the lower right- is that the casting line? Is the lower lettering less distict than would be the case in a genuine Trade dollar as well? Thanks for the tutorial! Don |
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Pillar of the Community
 United States
2724 Posts |
While the picture isn't perfect, it leaves too much room for doubt. When there is any doubt whatsoever, it is always best to leave that thing alone  |
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by national dealer
quote:
Originally posted by ageka
The problem is not with ebay only but with the police too
I got defrauded once sofar by a legal alien from Pawcatuck CT
The guy sold silver eagles he did not posses and then defaulted
The local police officer who got like a dozen files forwarded from
IFCC said the fraudster was known and not to expect anything
In fact he cannot even be bothered to answer my emails anymore
Here in the states we like to write laws, but rarely do we enforce them. This is certainly not limited to the internet. It comes from too many having no responsibility. It is always someone else who is supposed to clean up the mess.
This is why I always recommend that collectors find a dealer/seller that they trust and can do business with. It is far better to buy from someone who takes care of you constantly than it is to search around for every bargian that "may" exist.
First I only know one coindealer and he kind of looked down on me since I was only buying a 100 year old gold 100 french francs Second nobody here can be bothered with silver eagles and in Germany they ask like 40% more then the usual ebay auctions in the US Third I tried to buy from Don Stott and he stated his transporter wanted at least one dollar per coin in insurance alone |
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Pillar of the Community
United States
2724 Posts |
Finding a good dealer is just as hard as finding a good coin. It takes a lot of looking, a lot of effort on your part, and even a little luck. However, the effort will be worth it once you find one. Not just for the coins that can be bought or sold, but for the information that can be obtained. Despite what some think, dealers make a living in this business. In order to make a living you have to know a thing or two. As with any profession, you will find good and bad, honest and liars. It will take time to distinguish between the them.
Being a coin dealer will not make you competent, honest, fair, or even easy to deal with. People are people, and you should pick your dealer with the same rules that you would apply to a friend. A dealer friend is like having a referrence book in your pocket. A little insight into a business that they deal in each and every day.
That doesn't mean that you have to buy every coin from them, but you should utilize them for your education. Some dealers love to talk coins.
Most importantly of all, once you find a good one, share them with us here.
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Pillar of the Community
Belgium
2078 Posts |
Two years ago I looked up coindealers in Belgium and there were like three on the internet Two were auctioneers and one was a shop I send a question to the shop whether they had double eagles They never answered I once went to one of the auctioneers who also had a shop I was not impressed with the treatment I got Since then I have learned to grade and trust my instincts I survived 40 years in the stockmarket jungle making my own decisions rigt or wrong For coins I plan to be selfsufficient too with a little help from my friends  |
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Moderator
 United States
23537 Posts |
Following this thread was very educational.
I learned something new today.
Keep teaching us Oh great masters
you too pillar of the community.
Seriously- This was a good education I did not know what a casting line was.
I'm not embarassed to admit I am more ignorant that knowledgeable.
And I can't spell either.
rggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
United States
2724 Posts |
quote:
I'm not embarassed to admit I am more ignorant that knowledgeable. And I can't spell either.
You and me both |
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Pillar of the Community
United States
1247 Posts |
I'll bet that 78S won't have the correct count.[:p]
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Rest in Peace
United States
2884 Posts |
This post really got me digging through my books on counterfeiting. I am very leary of Trade dollars to begin with and truly would have been fooled by those you posted. Thanks for yet another great learning experience! Mike, Peace |
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Pillar of the Community
United States
1247 Posts |
Ooopsy-daisy. Meant to say, I bet the 78S won't have the correct *reed* count. Does anyone see any reeding on it, I don't.  |
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Pillar of the Community
United States
2724 Posts |
While Trade dollars were picked for this thread, there are countless counterfeits in all the series. I currently have counterfeit Ikes, Walkers, Jeffersons, Washington quarters, Colonials, Morgans, Peace dollars, Barber dimes, Quarters, Halves, Mercury dimes, Seated quarters, Halves, Dollars, Lincoln Cents, Indian cents, Sac Dollars, and more. Most would not fool a collector, but would fool anyone just getting started. A few years ago, the secret service questioned ebay about fakes. ebay made public statements that the percentage was very small, something like 1%. So how many coins are sold on ebay each and every day? |
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Forum Mom
United States
5877 Posts |
A few years ago, their number might have been correct. That was before the Asian fakes were also being sold by US sellers. Now, US sellers have purchased these fakes and are unloading them here. The numbers are significantly higher now. Couple that with the fact that some honest sellers were lost over the fee increases and ebay's unwillingness to police their site which has caused it to continue to grow worse, and I predict those numbers to be significantly higher now. |
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New Member
United States
15 Posts |
What is amazing about the first four examples is that, in my humble opinion, these are modern fakes as opposed to 19th century or even early 20th century fakes. It would not surprise me if the seller has a relationship with whomever produced them. Look closely, they appear to have all been cast by the same individual.
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Pillar of the Community
United States
2724 Posts |
I believe that you are right. These fakes get churned out by the thousands and recirculated through various online auctions on a regular basis. It does not take a lot of numismatic experience to spot these fakes, but how many new collectors fall to this scam because ebay does nothing to stop them? |
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Forum Mom
United States
5877 Posts |
TOO MANY!!! |
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Posted 05/17/2005 1:28 pm
