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 Replies: 26 / Views: 2,758 |
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Pillar of the Community
United States
812 Posts |
The TPGs should be the main ones to benefit from this, since, as the forgeries get better, it will take a professional to detect them ... except they are also making counterfeit slabs of higher and higher quality.
Numismatics has weathered the current economic storm pretty well, but this could get really ugly. How much will collectors be willing to pay if all they really know is that the coin they are buying is "probably" authentic?
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Valued Member
United States
245 Posts |
"We need to start counterfeiting some large chinese currency and start shipping it to China. Turnabout is fair play right? See how long it takes until the Chinese start to get ticked."
Oh, don't worry the good old U.S.A is putting it to China 24/7. The place is a environmental health disaster due to our industrial consumption needs.
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Bedrock of the Community
 United States
14454 Posts |
Quote:
the planchet surfaces are all wrong for starters. that was why I said when they finally get the planchets down this will be a major problem because they have gotten the designs on most of these coins very very close. So when they get the planchets the correct composition it will definately fool allot of people |
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Pillar of the Community
United States
5318 Posts |
 I did not see that initially...we think alike  |
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Pillar of the Community
United States
580 Posts |
How can you tell the planchet surfaces are all wrong? (Sorry but I am trying to educate myself here)
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Bedrock of the Community
United States
14454 Posts |
its just the look of them, they aren't made of the right composition so the color is a little off
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Valued Member
United States
207 Posts |
I threw up a little bit in month when I saw this  Its good to see the black cabinet items but its very scary too. They even had a few gold counterfeits but they did look a little off to me. maybe we should stop trade with China all together..  |
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Pillar of the Community
United States
5318 Posts |
And I think it could be just as scary for the "young upwardly-mobile Chinese suburbanite" who owns the business featured in that article.
Any business which generates large margins illicitly will become a magnet for "unpleasant people" to get involved.
It's only a matter of time before an "innocent" cottage industry becomes sucked into the underworld--IMO.
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Moderator
 United States
16677 Posts |
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maybe we should stop trade with China all together They would still find a way to sneak them in here. As stated earlier, they are making many varieties like overdates. Then you have the fake PCGS slabs. It's going to be interesting to see what the TPG's do in the future. This 1808/7 is pretty impressive but there is something about the date that throws a red flag up with me especially the top of the "7". swcoin.ecrater.com
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Pillar of the Community
Canada
1082 Posts |
I don't know...the wear and the patina just don't look right.
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Rest in Peace
United States
3039 Posts |
The Chinese problem is just another monkey wrench in the field of coin collecting that I really used to love, starting with coins gathered from my paper route many years ago. Fake coins, fake holders, 6 and 7 figure coin prices, breaking and reslabbing, etc. is ruining it for me. Admit it, many people that call themselves "collectors" are really brokers or speculators. I love the historical aspect of classic coins, knowing that Washington, Lincoln or Grant might have had my coin in their pocket. If it's F, VF or XK etc isn't my enjoyment barometer. I'm probably a maverick in my thinking. Thanks for letting me rant for a while.
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Pillar of the Community
United States
5318 Posts |
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Admit it, many people that call themselves "collectors" are really brokers or speculators. I love the historical aspect of classic coins, knowing that Washington, Lincoln or Grant might have had my coin in their pocket. When coins are traded like equities sight-unseen...talk about boring. Such activity is the perfect target for forgeries. As you say, coins are about those interesting historical details and subtleties like die varieties which will keep collectors interested for years to come.  |
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Pillar of the Community
Australia
1040 Posts |
It might be a good thing for collectors. If the 'investment' side becomes too risky because of fakes, the demand disappears and then so do the fakes.
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Moderator
United States
187950 Posts |
It could be the silver lining if we can weather the storm. |
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Pillar of the Community
United States
2602 Posts |
Wow, this is a major problem. I am willing to bet many of these are in the US already, and some are probably in fake holders, too. This is so wrong for the hobby.
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Replies: 26 / Views: 2,758 |
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Posted 12/18/2008 1:54 pm
