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 Replies: 20 / Views: 3,112 |
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Pillar of the Community
United States
958 Posts |
none of them carry much value if any value at all
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Pillar of the Community
Turkey
870 Posts |
I do. I collect counterfeit coins and paper money ONLY IF they are made for the circulation itself back in its' day. Yet, those ones look like they're made contemporary.
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Bedrock of the Community
United States
12437 Posts |
Altered coins are damaged and generally considered to be worthless except as an educational example. Counterfeits are not so clear cut because not all counterfeits are the same. Modern counterfeits coming out of Asia and Eastern Europe are usually made of cheap white metal and minted with inferior dies or cast, this type of counterfeit is basically worthless as well. Contemprary counterfeits can be worth more money that the original coin it is based on in some cases. Contemporary counterfeits were meant to circulate for face value alongside common genuine examples, only meant to fool you for purposes for commerce and not collecting. Here is an interesting thread from a couple days ago discussing the different types of counterfeits. |
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Valued Member
 United States
64 Posts |
All of these coins are at least 14 years old and probably older.
He died 14 years ago.
I don't think he was doing much collecting from 1978 till present.
Thanks for all the info!
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Bedrock of the Community
United States
17884 Posts |
Most of those do appear to be contemporary counterfeits. There are some collectors of contemporary counterfeits, for th most part the values tend to be very low. The Bust half on the other hand does have a good following and they will tend to bring decent money. (This is because there are so many specialists that collect the halves by die variety. The counterfeits are collected by die variety as well.) Typically they will sell for more than a genuine coin of the same grade.
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Valued Member
Canada
248 Posts |
Here in Canada The RCMP collect them and is considered illegal to posses them.
I think it is detrimental to coin collectors, that they exist and will really hurt an unsuspecting collector
that spends good money on a fake should they fall into circulation by accident.
It hurts the industry and creates an element of distrust and uncertainty.
In my opinion should have no value 0$ other than a learning aid.
Sorry if that opinion does not conform to some of you.
Edited by commoncents13
12/28/2010 06:18 am
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Moderator
 United States
23562 Posts |
My collecting of counterfeits is in the role of a registered leo. It is a felony to be in possession of counterfeit money in the US (with intent to defraud) unless you are a leo having registered each note with the secret service.According to American Law all counterfeits must be surrendered to a bank or a law enforcement officer.
I hold seminars for retailers and banks to assist them in avoiding counterfeits and during these seminars they are able to examine some of the counterfeits I bring.
Each note is marked with an ultra violet pen and stamped counterfeit.
Counterfeit banknotes have no value, although my department has given me a yearly budget to purchase some to help some of the unsuspecting recipients of these notes from taking a loss.
rggoodie
aka Richard
"catch em doing something right"
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Valued Member
United States
425 Posts |
I also collect these counterfeits. Mostly the Pillar, Bust Spanish Dollars but I do have a few of the pre-1860 US coins. I mostly use them as Living History displays and are always looking for differant dates and examples for my teaching/presentations. As I do not have over 250 posts yet, I can not offer you any help here. I would say your best chance at labeling these coins as "Contemp. Counterfeits" and getting a better value than the modern China copies would be to contact SwamperBob on this forum. You can easily find him in the "World Coin" section. He is an expert in the older vs. newer copy coins! |
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Pillar of the Community
United States
1801 Posts |
Please read the rules about asking to buy from members that do not meet the requirements
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Valued Member
United States
426 Posts |
Contemporary counterfeits are highly sought and a piece of history that are worthy of being collected but the modern chinese fakes that are invading the market I hate with a passion.
Edited by RealPeso
12/29/2010 01:30 am
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Valued Member
Canada
248 Posts |
rggoodie thanks  it makes me feel good to know that there are people like yourself out there that take special care and care like that, about others --just because--Lol by some, But I'm new to the term. What is a registered Leo?
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Bedrock of the Community
United States
17884 Posts |
Quote:
According to American Law all counterfeits must be surrendered to a bank or a law enforcement officer. The only law I can find that says they must be surrendered is Title 18 sec 492 which says that they "shall be forfeited to the United States" But it also says you can only be in trouble for not doing so if you refuse to surrender them when requested to. SO until you are specifically requested to turn them over I would say you ar OK. |
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Valued Member
United States
64 Posts |
Thanks for all the info and opinions guys.
I guess I'll have to take better pics...and post quite a bit more if I decide to sell them here.
Thanks again.
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Bedrock of the Community
Australia
21788 Posts |
I collect all of the counterfeits I come across if I can obtain them for their real value.
The reason I collect them?
Self education.
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Valued Member
United States
64 Posts |
On the pics provided could someone offer a guess on some values?
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Replies: 20 / Views: 3,112 |
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First Page
Posted 12/21/2010 09:25 am
