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Fake Chinese Dollar Coins

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Author Previous TopicReplies: 15 / Views: 2,544Next Topic  
Pillar of the Community
solotime's Avatar
United States
2311 Posts
 Posted 07/04/2013  10:18 pm Show Profile   Bookmark this topic Add solotime to your friends list Get a Link to this Message Number of Subscribers
My dad bought them for one dollar each and turns out they're all fake. Sticks to the magnet.

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New Member
Singapore
23 Posts
 Posted 07/04/2013  10:26 pm  Show Profile   Bookmark this reply Add frank110119 to your friends list Get a Link to this Reply
Very low quality fakes.
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 07/05/2013  03:01 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
For a buck each, I would have bought two or three only.
The reason for doing so is to examine them closely and learn how to quickly identify these particular types fake coins.
Discover their 'modus operandi', you might say.

It is of no use buying a bulk lot of them, because they would have all been made in the same way.
Why waste more good money than you need to?
Two or three coins from this 'manufacturer' is all you would need for your 'black' collection.
They do not deserve the dignity of a large bulk purchase of them.
Pillar of the Community
Australia
3831 Posts
 Posted 07/05/2013  09:47 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
Congradulations, your dad has added more funds towards the counterfeiting ring.

Here's one fact. In China, 1 yuan coin has been counterfeited and the face value of that is worth about 12 US cents. Imagine how much profit you have contributed. I say it's a good 60% profit margin.

STOP BUYING COUNTERFEITS! That is if you want to stop counterfeiters from making more. No income - no additional funds to make more. I rest my case.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Valued Member
elfof4sky's Avatar
United States
64 Posts
 Posted 07/05/2013  11:17 am  Show Profile   Bookmark this reply Add elfof4sky to your friends list Get a Link to this Reply
Whoa, "congradulations, your dad ruined the world?!!" A pillar is typically supportive, but yelling in caps and insulting a man's father is some really lame activity. And you are going to do this after he already knows they are counterfeit; after he shares a mistake with you? Who moderates this crap? I had my post deleted yesterday for discussing an Edward Snowden commemorative, but then I didn't insult a forum member. CCF you are only as good as your members.
Pillar of the Community
tokenmast's Avatar
United States
648 Posts
 Posted 07/05/2013  1:04 pm  Show Profile   Bookmark this reply Add tokenmast to your friends list Get a Link to this Reply
nice pictures

Thank you !

Do they barely stick or hard. Say compared to refrigerator steel?

If hard (strong attraction) I would be interested
Pillar of the Community
fioti's Avatar
United States
4212 Posts
 Posted 07/05/2013  1:23 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
Whoa yourself, gx has the right to speak his mind.
Who moderates? The same magicians who make your posts disappear.
Pillar of the Community
solotime's Avatar
United States
2311 Posts
 Posted 07/06/2013  5:13 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
They stick very hard. These were bought about 8 years ago...

Lol it's funny to read the replies.
Pillar of the Community
tokenmast's Avatar
United States
648 Posts
 Posted 07/06/2013  8:26 pm  Show Profile   Bookmark this reply Add tokenmast to your friends list Get a Link to this Reply
solotime if you would sell to me

we can add a few rocks to the counterfeit stream

and turn them into counterfeit detectors!

pm me
Pillar of the Community
nalaberong's Avatar
Canada
2805 Posts
 Posted 07/06/2013  10:57 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
So is the orange just rust?
Pillar of the Community
solotime's Avatar
United States
2311 Posts
 Posted 07/07/2013  11:30 am  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
@nalaberong, good question, I believe it is.
Pillar of the Community
augsburger's Avatar
Germany
1063 Posts
 Posted 07/07/2013  12:30 pm  Show Profile   Bookmark this reply Add augsburger to your friends list Get a Link to this Reply
There are so many counterfeit coins in China, it's hard to imagine really. There's an antiques place around the corner from me which probably doesn't have a single antique in it, it's just fake stuff.
They have coins, fake of course, they are cheap, everyone knows it. But the Chinese way of thinking is different. It's not, oh, this is fake, it's just I can't get the real one, so I might just want one that looks like the real one. The same with a lot of stuff. For a country that is destroying their culture to build skyscrappers on top of it, do you think they care about whether a coin is fake or not?
Pillar of the Community
SteveCaruso's Avatar
United States
1796 Posts
 Posted 07/07/2013  1:04 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
@solotime - $1 each isn't a bad price provided you collect counterfeits. These usually go for $3-5 a piece, as they're very common and are all over the place. Cash for gold establishments often get stuck with dozens of these regularly, hidden amongst larger lots of coins. However, if your father was after genuine coins, at least it wasn't a large loss.

@gxseries - The counterfeiting economy is complex. You're not adding to the pool of counterfeiter resources unless you're buying them directly from a distributor or from a swindler. Most of my counterfeit purchases are from dealers who were fooled and want to get them out of circulation and (outside of coin shows) are in bulk because of this. This way I'm also able to help them recoup a little of their loss (granted it's a fraction, but a fraction is better than nothing).

Counterfeits can be fun in a "If life gives you lemons, make limoncello" sorta way, and in the same vein education is invaluable. :-)
Pillar of the Community
publius's Avatar
United States
807 Posts
 Posted 07/12/2013  03:31 am  Show Profile   Bookmark this reply Add publius to your friends list Get a Link to this Reply
I've got a counterfeit Japanese Trade dollar. It's probably cupronickel, because it doesn't stick to anything. The fellow who gave it to me has a whole big bag full of them ; but he works for the Japanese government! Many of the world collectors I know will buy some of these fakes, with no doubt that's what they are, if they're in China. Sometimes you turn up really amusing fantasies, like "United Maxxico America", & anyway it's kind of interesting to see all the low-value, common pieces they fake, even aside from the "keeping up with the forgers" angle.
Pillar of the Community
tokenmast's Avatar
United States
648 Posts
 Posted 07/22/2013  1:00 pm  Show Profile   Bookmark this reply Add tokenmast to your friends list Get a Link to this Reply
solotime

Thank You! nice trade Ikes for fakes

They will be put to a different use for the rest of their life stamped copy , ground flat one side turned into
the back of a very special magnetic array that can detect
very much lighter magnetic fakes . Gotta love the irony
Pillar of the Community
solotime's Avatar
United States
2311 Posts
 Posted 07/24/2013  3:33 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
Your welcome!
I like the ikes much better than having them Chinese fakes.
I'm glad your going to have some fun with them, lol.
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