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 Replies: 14 / Views: 1,638 |
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Pillar of the Community
United States
1348 Posts |
I don;t knwo a lot about Foreign coins. but this guy has these coins he wants to sell. He inherited them and doesn't know much about them. He told me they are 461 silver dollar size coins. Earliest date found reads 1858. He is asking $8500 Anyone out there know anything about these and potential value? Silver?       Edited by w1a9c8k5
11/18/2011 9:49 pm
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Pillar of the Community
United States
5854 Posts |
This is a lot that I would probably pass on. A lot of the coins seem to be chinese or chinese related coins. Some of the coins don't look right and some have designs that I have seen on fakes.
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Pillar of the Community
Australia
2830 Posts |
There are fakers in China who mass produce fake coins: fake Chinese and fake everything else.
They are particularly fond of the crown- or dollar-sized coins.
If you want to take this further, check their weights.
But, my starting point is that they are more likely than not Chinese fakes.
If they were genuine, the silver content would be worth more than double what the seller is asking.
I hear alarm bells ...
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Pillar of the Community
United States
5362 Posts |
The actual total value for the lot of 461 is $46.10.
They are all modern Chinese copies and NONE are silver.
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Pillar of the Community
Canada
1610 Posts |
 with swamperbob They all look like counterfeits to me too. |
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New Member
China
29 Posts |
NO NO NO ,don't buy these coins
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Pillar of the Community
Australia
3831 Posts |
Tell him he's selling it at a ridicious loss to you and that you can't afford to rip him. Add another comment that he should sell them off to an auction house such as Heritage - genuine Chinese crown coins are easily hundreds to thousand dollars EACH. If he thinks he can pull this on you, try the magnet test. If that doesn't work, redirect him here.  My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
United States
3184 Posts |
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Pillar of the Community
Thailand
1509 Posts |
I would certainly echo most of the replies.
If you must then:
1. Magnet test. If it sticks lose it.
2. Weigh the ones that aren't magnetic. If they are dollar size (which they appear to be) they should about 27 grammes.
3. If they're not magnetic and are about the right weight then examine them very closely and ask someone more knowledgable for their opinion.
Personally I think you'd be lucky to find half a dozen genuine ones (going by your pictures).
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Pillar of the Community
 United States
1348 Posts |
I won't even make the drive. The guy lives 45 minutes away. I'll just recommend he bring them to the local coin dealer. Thanks all
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Pillar of the Community
United States
1150 Posts |
That dude knows for sure what he is trying to pull on you.
"Doesn't know much about them." My butt.
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Pillar of the Community
United Kingdom
2874 Posts |
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Pillar of the Community
United States
1391 Posts |
"That dude knows for sure what he is trying to pull on you.
"Doesn't know much about them." My butt."
I totally agree. Anytime some one tells you I'm selling this but don't know much about it that should be a big warning right there. They are usually trying to get your guard down and get you thinking you might be able to get a good deal from this person because he doesn't know what he has. Then, once your guard is down you'll be less critical because you'll be thinking about the deal instead of the merchandise.
Deals do happen, but not that often.
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New Member
United Arab Emirates
13 Posts |
I wouldnt take the risk either & would consider bargaining some interesting coins in his collection.
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Pillar of the Community
France
1591 Posts |
Unique_Antique_gallery : they are all fakes, I don't see how you can bargain unless you collect modern fake coins ...
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Replies: 14 / Views: 1,638 |
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Posted 11/18/2011 10:27 pm
