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 Replies: 20 / Views: 10,187 |
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Pillar of the Community
United States
1130 Posts |
Since all counterfeits are technically illegal, is there a danger that the Secret Service would confiscate your collection one day ?
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Pillar of the Community
 United States
628 Posts |
Thanks for the pics IHPO8S. It is a great looking coin.
Thanks to all for your input.
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Moderator
 United States
189222 Posts |
quote:
Since all counterfeits are technically illegal, is there a danger that the Secret Service would confiscate your collection one day ?
IMHO, probably not. Just do not try to resell them as authentic pieces or pass them off as legal tender. Disclaimer: I am not a lawyer, nor have I researched this. |
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Pillar of the Community
United States
6326 Posts |
Okay......there go my plans for buying any Trade dollars any time soon....... seen them at coin auctions many times last summer ..........was going to buy a few this year.....but I'm not good enough to know the counterfeit from the original one........ I could pay $400.00 for a $15.00 Trade dollar ? Not gonna happen...... |
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Pillar of the Community
United States
1130 Posts |
Eaglefoot - just do your research and you should be able to spot the fake. Most counterfeits are not that good. If in doubt, pass on it. You can also buy from certified auctions (Teletrade, Heritage).
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Pillar of the Community
United States
1490 Posts |
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Pillar of the Community
United States
1130 Posts |
Fake Trade $ w/ chopmark.  |
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Pillar of the Community
United States
1490 Posts |
 You gotta knowthat you know your Trade dollars if you purchase them raw. |
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Pillar of the Community
United States
1130 Posts |
And if you're not willing to do your research, get a top-tier TPG slabbed coin from a certified auction. |
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Valued Member
United States
60 Posts |
I am building a wonderful fake coin collection of the most faked US coins. Have 1909 s vdb cent, 1916 d dime, 1893 S Morgan, 1856 Flying cent, a couple of $3 Gold proudly made by the famous counterfeiter OMEGA, 1920s St Gaudins GOLD, several other counterfeit gold coins. Got At least 60 US and China Trade dollars, Jap Yen. When looking at trade or yen, have a decent digital pocket scale and know your coin weights. The Real US will be right on, you can take a chance on the China within .1 of a gram. There is some very cool history with the China dollars. Many "Fantasy Coins" are worth considerable $ |
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New Member
Germany
2 Posts |
what fantasy coins would be that?
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Pillar of the Community
United States
2443 Posts |
I wonder if anyone has ever bought a Trade dollar as a replica only to find out it was real. That would be pretty sweet. |
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Rest in Peace
United States
4849 Posts |
Gene Carr. I have an 1855 $3 Indian Princess coin that I originally bought in a pendant. I believe it was cleaned at one point, but it looks so good as far as details go, I question its authenticity. I dont have a fine tuned scale to measure the weight. Are there any give aways for the fake $3 coins? Do you have pics?
thanks,
John
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Valued Member
United States
66 Posts |
When I started collecting I got a fake Trade dollar. it was a Mexican silver coin that was re-stamped. I had no business buying a coin I knew nothing about. I knew the dealer and he mainly dealt in bulk silver so he had little knowledge more then it was definitely silver. I told him I will buy it from him and he is an ANA member ect and a all around good guy so I was pretty confident. I looked at it when I got home and figured it was fake. I took it back to him and said I was sure it was fake. I made him and offer that if he sent it to get graded and it was fake he would refund my money and if it was real I would buy it at the agreed price. He sent it out and sure enough pcgs sent it back with a full explanation. no hard feelings and we still do business its so good to be able to work with stand up dealers. But one again I learned my lesson. |
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Pillar of the Community
United States
6394 Posts |
There is an interesting thread on the World Coins forum that started with my 1805 Bolivia Pillar Dollar. Forum poster Swamperbob (expert on Mexican counterfeit silver coins) described how falling silver prices in the late 1800s made it possible to produce replica coins with full silver content that cost less than face value to manufacture. Merchants used these coins in the China trade and made substantial profits. The Chinese only cared that the coins had the right amount of silver so they were happy. Swamperbob says my coin is one of those period counterfeits and is actually slightly more valuable than a genuine coin! What a world!  |
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Posted 01/21/2008 08:35 am
