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 Replies: 11 / Views: 1,594 |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
United States
648 Posts |
 Nice video and read. Thank You for sharing biggfredd. My avatar is highly suspect and it is over 2,000 yrs old. Proper weight, good color, well minted, ARE (as of now) hard to detect. Without acid damage, or harm to coin, you have to be on your toes, and well informed. But that dealer should have weighed the Panda before he bought it  I hear they are making very expensive paper from panda poo so it may have had a COA  |
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Rest in Peace
 United States
9104 Posts |
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But that dealer should have weighed the Panda before he bought it I find it unusual that anyone would admit to being stupid enough to hand over $1500 or whatever for an obvious fake. I know pawnbrokers who can weigh an item in their hand to a gram or so, and this was 30%, or ten grams light!? |
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Valued Member
United States
58 Posts |
That's crazy makes me want to stop using ebay.  |
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Pillar of the Community
United States
648 Posts |
 biggfredd that must have been one of the new light weight troy ounces  A guy I know can ring test and tell one gram over or under on a troy ounce. Lots of experience there,, He wears a hearing aid  silversam The crook in this case was a walk in. On ebuy it's expected,,,, I too, find it unusual that the pawnbroker did not even do basic tests  LY Another recent walk in story. Was a pawn shop that bought $1,400 of magnetic Morgans.  |
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Pillar of the Community
Canada
1502 Posts |
Was very interested in silver pandas for a while. Made some good money trading a few of the rare medals and fractions, but fake coins caught up with me, even from well-intentioned private sellers or largish dealers. The only alternative is slabbing the coins, which IMO takes away from the pleasure of handling them.
You've got to hand it to the chinese sometimes.. the effort that goes into some of these fakes makes you wonder why, surely they'd get far enough doing something legitimate.
There's that and there's the population of sellers that know they have fake coins and still peddle them. Even experienced dealers can be caught off guard on a reasonably priced and looking coin, especially when the seller knows what buttons to push and when to push them. Not to mention some fakes are just that good. I've offered friends and regular buyers a fake and real coin side by side and it's come down to a toss up to find the fake more often then not.
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Valued Member
United States
302 Posts |
That is one of the major reasons I prefer junk silver. It is not worth faking and it is quite hard to fake something that shows various wear conditions.
Imagine them trying to fake Roosies. The fakes would all look the same and anyone even half awake could spot them immediately simply because the only worthwhile way for the fakers to sell them would be in large lots. If I saw even 20 junk silver coins all identical in this day and age, the red flag would be sky high.
Yes, there are rolls of pristine Roosies available today, but you will never see them in junk silver. They are more valuable as numismatic oddities than they are for their silver value.
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Valued Member
United States
58 Posts |
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silversam The crook in this case was a walk in. On ebuy it's expected,,,,  I was thinking more in terms of I'm at greater risk because the Chinese are flooding the market. ebay was always a risk it just seems greater now or I was just naive to begin with. You have to give it to the Chinese though they make fakes of just about EVERYTHING and they are really good at it. It really grinds my gears when it effects my favorite hobby though.   |
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Valued Member
United States
58 Posts |
Quote:While Chinese counterfeiters may be producing silver eagles, bars and other mints in mass quantities, they will likely shy away from US coin products for a couple of reasons: 1) why mint a fake quarter when you can mint a fake silver eagles worth significantly more? 2) minting fake US coins is a Federal crime, and while the Chinese may not be worried to much about being investigated by Secret Service, pressure from the US may force China to act against counterfeiting, something the Chinese knock-off artists would like to avoid. That's a part of the last paragraph on the link. They are contradicting the video because the guy clearly has fake Morgan dollars. They are U.S. currency still aren't they?  I mean they were minted by the U.S. You would be stupid to spend it at face value but I think you could. |
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Valued Member
United States
306 Posts |
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Pillar of the Community
United States
1205 Posts |
Big fan of the JUNK boxes here...no fakes in there, and, sometimes a sweet hit, like my 1878-P Morgan VAM112A, Discovery coin a few years back...it's all about the hunt, for me...
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Pillar of the Community
United States
548 Posts |
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Replies: 11 / Views: 1,594 |
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Posted 11/15/2011 12:46 pm
