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Legal Counterfeit?

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Wade's Avatar
Canada
2781 Posts
 Posted 01/23/2012  3:40 pm Show Profile   Bookmark this topic Add Wade to your friends list Get a Link to this Message Number of Subscribers
*** Moved by Staff to a more appropriate forum. ***

forgive me, the picture is of US pennies but the question/topic is a general one.

seeing this on ebay (the seller has over 100 of these, and there are a large number of other sellers with similiar coins) raises the question, is there a legal way to counterfeit coins, or partial coins? ie, not have the all the lettering showing, or design more than 50% missing etc?

i am not suggesting this seller is doing that, but how would these make it out of the mint? (thats alot of coins to make it out in someones pockets!) unless they were produced outside the mint?

what are the laws as far as reproducing de-monetized coins?
(no, I am not thinking of going into the business!)

is there a "copyright" as such that covers coins / their designs etc?



Legal-Counterfeit?
Edited by Wade
01/23/2012 3:40 pm
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Ugly's Avatar
Canada
1733 Posts
 Posted 01/23/2012  4:21 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
I'd get this moved to US coins, I personally have no idea.
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trout1105's Avatar
Australia
7096 Posts
 Posted 01/23/2012  4:25 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
these may not be fakes.
The seller could be an employee at the mint and has stolen these from the reject bin
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coop's Avatar
United States
62064 Posts
 Posted 01/23/2012  4:58 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Probably not a mint employee. Maybe a rolling company. I've heard of cases in the past that the employees could buy the error coins. Now they must return them back to the mint.
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biokemist6's Avatar
United States
12437 Posts
 Posted 01/23/2012  5:01 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
is there a legal way to counterfeit coins, or partial coins? ie, not have the all the lettering showing, or design more than 50% missing etc?

Irrelevant, a counterfeit is still a counterfeit regardless of whether it is purported to be an error or not.

Off Center errors are not as rare as you seem to think they are. OCs and incomplete planchets are the least expensive and most common errors available, Lincoln cents with these errors are typically worth $2-10.


Quote:
how would these make it out of the mint?

Prior to ~2000, $50 canvas bags of cents could be purchased at banks for face value(all denominations were available in this manner). These bags were filled at the Mint and were always the best source for over- or undersized errors. The Mint now distributes coins in a different manner and the rate of errors leaving the Mint has dropped dramatically.

The Mint has introduced new machinery that eliminates the vast majority of errors(size exclusion separation) and errors are typically destroyed on-site with a waffler. Coins are also now shipped in bulk with metal frame Kevlar pallet bags to the armored carrier companies who then roll and distribute coins to banks. The armored carriers represent another layer of filtering and are supposed to return errors to the Mint for destruction but of course, not all of them are returned.
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Zimmy's Avatar
United States
460 Posts
 Posted 01/23/2012  5:10 pm  Show Profile   Bookmark this reply Add Zimmy to your friends list Get a Link to this Reply
These coins would have been found in mint sewn bags outside of the mint that bypassed the normal process for screening errors due to production schedule issues. If you think that this represents a large inventory of off centers, there exists thousands and thousands of these, not counting the relatively large numbers of nickels and dimes. The normal mintages of US cents for any given year is mind boggling. I have hundreds in my own collection and I don't even actively collect this error type. I have noticed that off center coinage in Canada is much scarcer than US Mint examples of this type. It should be noted however that off center US coins after 2001 or so are very scarce due to the change in the minting process whereby most striking error types are hard to find with the bulk of the errors coming through being planchet related (eliptical clips, missing clad layers, etc).
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967 Posts
 Posted 01/23/2012  5:12 pm  Show Profile   Bookmark this reply Add still lookin to your friends list Get a Link to this Reply
My aunt was vice president of a small local bank back in the 70s and 80's. Anytime that received new change in they would get it as loose change in bags. She would always go through the bags and pull out such change. I remember her showing them to me back then. It would be quit possible for someone at a large bank to pull many. My cousin still has them from back then. He just won't turn loose of them.
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robbudo's Avatar
United States
2757 Posts
 Posted 01/23/2012  8:04 pm  Show Profile   Check robbudo's eBay Listings Bookmark this reply Add robbudo to your friends list Get a Link to this Reply
I'll add that these dateless ones are much less valuable than the ones with a date, so I'm not all that surprised that they have a bunch.
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Conder101's Avatar
United States
17884 Posts
 Posted 01/23/2012  8:04 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Coins are also now shipped in bulk with metal frame Kevlar pallet bags to the armored carrier companies who then roll and distribute coins to banks. The armored carriers represent another layer of filtering and are supposed to return errors to the Mint for destruction but of course, not all of them are returned.

Through their bulk purchase program it is also possible for dealers or other persons to buy these Ballistic Bags as well. (You actually have to go to the mint and pick them up yourself and provide your own shipping. You also have to make arrangements to load them yourself. I know Silvertowne does this. I got to tour their processing rooms recently and they had Ballistic Bags up on a hoist feeding into rolling machines. They said they go out to the mint and get them several times a year, and of course when each new coin is released.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 01/24/2012  07:28 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Most mints around the World bag their coins now, rather than roll them.

It would be impossible to roll grossly off center strikes such as these, and so now they more easily escape from the Mint.
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biggfredd's Avatar
United States
9104 Posts
 Posted 01/24/2012  08:54 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
There's a machine called a riddler designed to catch these. A tray with holes just large enuf to let a normal coin thru.

If the coin tries to fall through flat, it won't fit, but if it lines up on the narrow edge, it can fall thru.
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wquinn's Avatar
United States
2295 Posts
 Posted 01/26/2012  3:51 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
I could see a seller having over a 100 legitimate ones for sale.

And I don't think they used the riddler until early 2000s, like around 2002, since you can find quite a few off center cents from around 2000 and earlier. I couldn't find a date on when the US Mint started to use them. The coins are going up in price, since they are hardly ever released anymore, because of this riddler device.

And the ones with a date on them are worth more than one without. At least most dealers try to sell them for more and that is what I usually look for (ones with a date, but selling for less).
Edited by wquinn
01/26/2012 3:52 pm
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biggfredd's Avatar
United States
9104 Posts
 Posted 01/27/2012  01:03 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Riddlers have been around since the 60s, at least. I had a simple version back then.

Dated ones sell for more because they are more collectable. You've got one dateless, you have a complete set.
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wquinn's Avatar
United States
2295 Posts
 Posted 01/27/2012  09:51 am  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
A riddler is just a sifter, so I wouldn't be surprised if they have been around a lot longer than that, but the big question is, did the Philly Mint use them on cents?

I tried to find some proof of when they started using them and I couldn't find anything with dates about it.

I remember seeing tons of off center cents in the 80s and 90s and then all of a sudden it stopped. Try and find some with a date after 2002 and they are very tough. I did a pretty big search a couple of years ago and I couldn't find any
with a date on them after 2002.

Anyone have a reference from a book or website on this?

Also, I rarely see any from the D mint, so maybe they used them before Philly? What about the S mint? Any from there?
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Conder101's Avatar
United States
17884 Posts
 Posted 01/27/2012  11:57 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
They had riddlers for years before 2000, but they started passing them through additional riddlers. If you have a riddler that catches 90% of the errors and you pass the coins through it three times you will catch 99.9% of them. Another reason why the off centers disappeared is because around 2002 they switch from the vertical striking presses to the horizontal striking. If you are striking vertically and the planchet isn't in the collar it sits there and can still be struck by the dies. But on horizontal striking if the planchet isn't in the collar it falls out of the way. (Gravity works) To get an off center it has to catch the planchet as it is falling.
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wquinn's Avatar
United States
2295 Posts
 Posted 01/27/2012  12:02 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
After thinking about it some more, maybe the stamping presses were also improved upon in 2002 to prevent this error from happening?
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