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Coin World Article US Mint Fighting Counterfeits

 
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Author Previous TopicReplies: 9 / Views: 373Next Topic  
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 Posted 10/15/2021  2:09 pm Show Profile   Bookmark this topic Add livingwater to your friends list Get a Link to this Message
https://www.coinworld.com/news/us-c...overt-covert

Looks like the US Mint is doing more to battle counterfeits. I still think the missing reed is lame compared to the hologram, tiny lettering etc. of the British and Canada coins. There may be additional security features. The Mint won't say yet. Hopefully there's really something more.

IMO USA hasn't done enough to try and get the Chinese government to stop the counterfeiting. I doubt there are many in China producing fake Chinese currency. Jail time if caught. It seems China is okay with USA fakes which can destablize USA.
Edited by livingwater
10/15/2021 2:25 pm
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 Posted 10/15/2021  2:45 pm  Show Profile   Bookmark this reply Add Corbe to your friends list Get a Link to this Reply
All they mention is the notch. I don't see how that is difficult. If they want to help us avoid buying counterfeits, they are going to have to explain what is so special about the notch, and what to look for. Seems to me they are only looking out for themselves wrt mutilated coin returns.
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 Posted 10/16/2021  01:03 am  Show Profile   Bookmark this reply Add pkluck to your friends list Get a Link to this Reply
China sucks, it's time the US stood up to them.
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 Posted 10/16/2021  07:22 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
they are going to have to explain what is so special about the notch, and what to look for

So that counterfeiters know exactly what it is they have to reproduce?


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 10/16/2021  10:06 am  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
Secret security features might be good for the Mint. But for dealers and collectors it does little to help stop fakes since we don't know what to look for, ineffective. As I mentioned before, Britain and Canada have better security features, hologram, tiny lettering etc. They don't have to be secret about it, right there for all to see, the new designs make it considerably more difficult to fake than prior coins. Hope I'm wrong but I question if the US Mint really has extra security featues, their silence is more bluffing than real IMO. They don't want to admit their security technology is currently substandard. I've looked at my missing reed edges with 10x loupe, can't see anything unique. If there's something there at 1,000+ magnified it won't help collectors much, most of us can't/don't look at coins at that power.
Edited by livingwater
10/16/2021 10:59 am
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 Posted 10/16/2021  2:00 pm  Show Profile   Bookmark this reply Add Corbe to your friends list Get a Link to this Reply

Quote:
So that counterfeiters know exactly what it is they have to reproduce?

So you agree with me that it only helps the mint, and not us.
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 Posted 10/16/2021  2:41 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
As long as there's real money to be made, it doesn't matter which country make the counterfeited coins, so I'm not surprise things turn out this way, but we are bias against China and US should take some blames in not tightening security measure in general.

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 Posted 10/16/2021  7:14 pm  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
To try and stop counterfeits it does matter where the source countries are. Yes the USA should do more to stop the import of fake coins. There is a lot of evidence bad USA currency is being imported to USA from China. I have never heard of anyone in the USA making fake Chinese coins and sending them to China. It's not bias it's about the facts.
Edited by livingwater
10/17/2021 09:13 am
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 Posted 10/16/2021  11:18 pm  Show Profile   Bookmark this reply Add pkluck to your friends list Get a Link to this Reply
@ livingwater so right and spot on!
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 Posted 10/17/2021  12:33 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
So that counterfeiters know exactly what it is they have to reproduce?


Quote:
So you agree with me that it only helps the mint, and not us.

No. I don't.

I don't think it is necessary for the US Mint, Bureau of Engraving and Printing (i.e., the US Treasury Department) to reveal/provide details on every anti-counterfeiting measure employed. Why provide a checklist to potential counterfeiters?

I agree that the public needs to know what to look for when it examines its money, but if there are measures being used that aren't readily visible, I don't believe they need to be publicized - make things more difficult for the counterfeiters, let them figure things out on their own via trial and error.




Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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