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 Replies: 13 / Views: 1,338 |
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Pillar of the Community
United States
1796 Posts |
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Valued Member
United States
339 Posts |
im surprised theres even a market for counterfeits, I thought counterfeits were just worthless because they arent real
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Pillar of the Community
 United States
1796 Posts |
As an avid counterfeit collector, myself, I can say that counterfeits are as collectible as anything else is.
Their collectible value, however, is mostly based upon novelty rather than rarity or bullion value as is with other numismatic items.
Contemporary counterfeits also have a much broader following than modern counterfeits.
Edited by SteveCaruso
08/20/2012 11:29 pm
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Valued Member
United States
339 Posts |
must be hard to find counterfeits since I'm sure they get shut down when they find the people making them
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Bedrock of the Community
United States
20753 Posts |
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im surprised theres even a market for counterfeits, I thought counterfeits were just worthless because they arent real
As already noted there are counterfeit collectors. And there are many of them too. It is rather inspiring for counterfeiters to continue making them since they know that they can pass as real, sell to collectors and even state they are fakes. Counterfeit coins are as popular to some as Booze was during that time in our country when it was illigal. Prohibition didn't stop booze and neither does any laws against counterfeiting coins. They are everywhere and very possible if your a collector, you too may have some and don't know. |
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Moderator
 Australia
16839 Posts |
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must be hard to find counterfeits since I'm sure they get shut down when they find the people making them Not at all, though it does depend on what kinds of coins you're talking about and where you're looking. A knowledgeable and reputable coin dealer's stock ought to have very few counterfeits, whereas the street markets of Greece, Turkey, Vietnam or China have very few if any genuine coins. Most modern counterfeits are being made in China, where counterfeiting foreign coins is not a crime. The Chinese counterfeiting "cottage industry" has some rather large cottages. If you've never seen them before, check out the pics of the Chinese counterfeiting operation in this old thread. They get shipped into the country by the containerload; go down to virtually any street market and you can probably find someone selling them. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
2602 Posts |
I can tell you that Henning counterfeit Jefferson nickels are hugely popular and very highly sought after. They rarely come up for auction on ebay and get snatched up quickly and at high bid levels. Worn out G-VG pieces can sell for $30-50, more than a BU 50-D key date coin!! I've seen a few CCF members here wanting to buy one and no one will let theirs go. One forum member has more than 20 Henning nickels! |
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Pillar of the Community
United States
8517 Posts |
I have a really good 1916-D Merc that I picked up for 7.50. It was very well made. I would love to get a fake Morgan too.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
3486 Posts |
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Bedrock of the Community
United States
17884 Posts |
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So, when a counterfeit is a counterfeit, what's its fair market value (FMV)? Depends on the counterfeit. I know of counterfeits that are worth maybe a dollar, and I know of counterfeits that are worth thousands. |
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Bedrock of the Community
United States
20753 Posts |
I picked up a 1856 Flying Eagle cent at a coin show for $5. A bit high since it was Aluminum or something like that. Great color and details. |
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Bedrock of the Community
Australia
21788 Posts |
All collectors should buy a few counterfeit coins, to form a 'black' collection, to be studied in close detail for their own education.
How do you recognise a counterfeit coin if you don't know what to look for?
Experience is essential.
The more deceptive a counterfeit coin is, the more effort has to be put into making is look authentic. These 'coins' are the best educators, and as with most other areas, a better education costs more.
Have a look at close look at the market for these 'nasties' before making any decision to acquire a few. Just make sure that what you buy is sold to you as a counterfeit by an honest dealer, and that he indicates clearly to you why the particular 'coin' you are buying is a counterfeit.
At every opportunity, have a close look at all counterfeits if they are for sale or not.
Edited by sel_69l
08/21/2012 8:01 pm
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New Member
United States
17 Posts |
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Contemporary counterfeits also have a much broader following than modern counterfeits. And the occasional contemporary counterfeits that were accepted for use in circulation even more so. |
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Bedrock of the Community
United States
17884 Posts |
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How do you recognise a counterfeit coin if you don't know what to look for? By looking at a lot of genuine coins. If you are intimately familiar with the genuine coins, when a counterfeit comes your way it will look "wrong". You may not know why it is wrong but the red flags and warning bells will be going off and you will know that you need to proceed with extreme caution. |
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Replies: 13 / Views: 1,338 |
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Posted 08/20/2012 11:27 pm
