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 Replies: 38 / Views: 5,905 |
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Moderator
 United States
15463 Posts |
I've read the entire thread lily and am sorry for you how it turned out.
Seems like you have a good spirit about it despite the obvious disappointment.
Do try and contact the seller .... perhaps you can at least gain back some of your money.
Lesson for all of us ..... in this hobby knowledge is the key to success.
David
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Moderator
 United States
6563 Posts |
Quote:
I now have 204 souvenirs If we started a thread called "Post Your Worst Coin Buying Mistake" then it'd be a Long one  There are collectors of counterfeits so you might be able to sell them as such. Defiantly try and get your money back from the seller first. But if you can't then test the waters on ebay or on here once you meet the necessary requirements. Quote:
even if they are counterfit, isn't there a chance they have silver in them? That would still give the silver bullion value right? If there was silver it'd be plated and they don't look it. Some high end counterfeiters do make silver coins to fool the specific gravity and magnet tests but they are of much higher quality and you might even have some right now  |
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Bedrock of the Community
United States
20753 Posts |
I wouldn't be to sorry just yet. Just because one dealer said fakes to a few of them means not to much. He may be correct but like a medical problem, you should try for a second opinion. That dealer could have been trying to set you up to resell them to him for half what you paid. Of course he may be correct. If all coins are Mexican or other, I would spend a little time trying to find out exactly what I have and not just start feeling sorry. And even if they turned out to be Silver, so called Silver spot values means little. If you go to a jewler and try to buy just Silver, that is what they would charge you. If you tried to sell Silver to anyone, mostly they would give you much less since they too want to make a profit. And at a flea market you just never know. One seller at a flea market I go to had large bins full of coins for $1 each but if you purchased numerous ones, his prices would drop. Going through them I found many Mercury dimes in really decent shape and a few of the dates shocked me. A few 26S's, a 21, a 21D, and the 42/41. Many others in really nice shape too. You never know at a flea market. |
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Pillar of the Community
United States
1523 Posts |
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Bedrock of the Community
United States
17884 Posts |
From what I see they are all fakes. Quote:Unfortunately because they are Mexican coins I don't think any US laws were broken. If those were counterfeits of US coins you might be able to scare the seller into giving you a refund by threatening to contact the secret service. The Hobby Protection Act makes it illegal to sell unmarked copies doesn't matter if they are US or Foreign. And the anti counterfeiting laws apply to the production of US or foreign coins and currency. If they were made in this country US law was broken, and the sale broke other US law. |
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Pillar of the Community
United States
1801 Posts |
I fear they are all fakes. The 1872 Peso you posted even says "copy" right on the coin in the photobucket picture. All of these coins are common fakes showing up in all the swap meets and flea markets, there are even people going door to door out here in CA in the downtown area trying to sell these "to raise money for gas to get back home" or some other such nonsense. There will be no silver in the coins. I would go back to the swap meet and if the seller is there again complain to the people running the meet that he cheated you and sold you counterfeit coins and threaten to call the police and press charges. Most swap meets don't want problems like that. By the way, the hobby protection act of 1973 makes it illegal to sell fake numismatic items that are not marked "copy" and I do not believe it applies only to fake US coins. http://www.coinlink.com/Resources/c...tection-act/If there are any legal scholars out there that know different, please post. |
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Valued Member
United States
322 Posts |
Wait, jfransch, if you said you saw "copy" stamped on the coin, the seller is not doing anything wrong! He did not break law at all! He is selling fake coin and somehow declare it. To me, he didn't do anything wrong, even if I didn't agree with what he is doing. Look at US Cheap Coins in this forum. You will see fake coins on ebay on top of the list right away. |
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Valued Member
United States
322 Posts |
I HAVE TO CORRECT IT, NOT AT THIS TIME. BUT IS SAW IT ALL THE TIME IN THE PAST.
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Pillar of the Community
United States
543 Posts |
SOrry to hear this similar thing happened to me years ago. I was 11 and bought 20 chinese silver coins for $20
Boy that sucked. :(
Edited by jeremymh
05/19/2010 10:47 pm
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Pillar of the Community
United States
2541 Posts |
Pay him a visit with 3 or 4 of your largest friends...
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Pillar of the Community
United States
1801 Posts |
Only one type of the coins posted says copy but he stated they were silver and they are not, I would go after a full refund or threaten to call the police. Gothic Florin...I really like the way you think. This seller misrepresented the coins as silver when they are not. No place for that in our hobby.
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Pillar of the Community
United States
543 Posts |
The police threat should work, still bring some "friends". :) If your confident he could always get his but kicked. :)
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Pillar of the Community
Philippines
1156 Posts |
Go for a refund, at the very least, an exchange for say 10 fakes=1real but then that seller probably doesn't have a single real coin in his stock. He has 204 fakes on hand? wow! that means he probably has 5 times that on stock or a thousand fake coins! again wow!
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Valued Member
Australia
155 Posts |
I'm with Gothic on this one.
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Valued Member
United States
327 Posts |
Oh, shucks, at a buck apiece make them into keychains or something and sell them off to a coin dealer or ebay them. When life hands you lemons..... Oh, and don't forget to stamp them "copy" or "fake" or something! |
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Posted 05/18/2010 01:29 am
