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 Replies: 16 / Views: 4,415 |
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Pillar of the Community
Canada
2301 Posts |
It seems that certain "myths" about counterfeit coins and their production are alive and well in the numismatic community. Only better dates.....not worthwhile to fake....to what end......are common viewpoints. The bottom line is this. If someone can make an easy profit by counterfeiting, they will. Past, present and in the future. Here are a few examples I use to get this point across. No better dates. No numismatic value. They all have only one thing in common. They were made to make a profit for the manufacturer! They are all counterfeit.     |
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Pillar of the Community
United States
3486 Posts |
May I add the following: There are two kinds of counterfeits: 1) Those made to fool coin collectors, the rare dates. 2) Those made to fool merchants, common dates meant to pass in commerce as real coins. http://barbercoins.org/Counterfeits.htmlwill show examples of counterfeits meant to fool merchants. As long as here have been coins, there have been counterfeiters. |
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Pillar of the Community
United States
1391 Posts |
A 1981 Canadian quarter? I am impressed that someone would go to the effort. But if they can make a profit counterfeiting those than I guess they can do it for cheaper than I realised.
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Pillar of the Community
United States
3486 Posts |
Do not be too surprised, allranger.
If it costs me 10 cents to make a fake quarter, then that is 15 cents profit per "coin."
100,000 "coins" = $15,000 profit.
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Valued Member
Canada
497 Posts |
The '39 counterfeit is interesting, what are the markers for it, is the weight off ?
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Previously Ousted
Canada
398 Posts |
West Canuk
if you do have a 39, copy this image and put them next to each other. then try and find the markers....
best way to learn...
I learned the hard way, originally with a 1948 dollar.. thanks ICCS , you saved my butt and wallet.
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Pillar of the Community
United States
1796 Posts |
Aye, nowadays there are counterfeits for *anything* at all.
No date is safe or sacred, and they go from the really well-made and hard to tell, to the embarrassingly poor in quality (including spelling mistakes and bad engravings).
However, over time some *do* gain some numismatic value in their lifetime. Take American "Henning" nickels. A genuine 1944 nickel will go for a few dollars (US) in good shape. A scuffed up Henning will go for $60-$150 (US).
Edited by SteveCaruso
04/17/2012 11:04 pm
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Bedrock of the Community
Canada
10743 Posts |
Quote:
A 1981 Canadian quarter? What about a 1934 Canadian nickel, there can't be too much profit making one of those.  |
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Pillar of the Community
Canada
650 Posts |
I think I have a counterfit loonie 1990 just like in this thread. I will try and dig it out and post a pic. I think I read the guys that made them got busted. They were in Calgary and I think the number produced was around 150,000 or 250000,Can't remember for sure, nice score at a cost of 10 cents,per blank. If they managed to move them out and didn't discount to much to circulate them.
This is a problem for them, the Mint, for sure they are putting security features in loonies and toonies next year. I doubt they are proactive, they are a Crown coporation.
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Valued Member
Canada
497 Posts |
if you do have a 39, copy this image and put them next to each other. then try and find the markers....
OK coingirl, so what I can see is the top of the S is wrong, and in DOLLAR; the bottom of the O looks vertically squashed and the top of the R looks distorted, also the coin looks offstruck/missaligned die struck.
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Pillar of the Community
Canada
3692 Posts |
These fool much easier because there aren't many numismatists who will stop and review the coin a second time, much less a merchant.
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Previously Ousted
Canada
398 Posts |
west canuck, am not sure I understand what you mean or where you are going with your reply?
But I think, you just answered your own issue?
Libertad.. same with the lesser desired silver dollars...or for that matter any other circulation coin.
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Pillar of the Community
United States
1390 Posts |
The one on the bottom is really bad.
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Pillar of the Community
Canada
2781 Posts |
Quote:
What about a 1934 Canadian nickel, there can't be too much profit making one of those there was in 1934  |
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Valued Member
Canada
115 Posts |
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Pillar of the Community
 Canada
2301 Posts |
Nice examples Terry! I miss the "OLD" CCRS days. You would remember me by a different handle. LOL
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Replies: 16 / Views: 4,415 |
Posted 04/17/2012 4:29 pm
