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 Replies: 14 / Views: 1,891 |
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New Member
Hong Kong
32 Posts |
Hello guys! I just can't stop asking questions can't I? I'm a bit stuck on the idea of counterfeit notes. Do they have collectors value or not?  Thanks! |
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Pillar of the Community
United States
4212 Posts |
If they're quite good, I see someone maybe wanting them for educational purposes.
But I wouldn't be sharing.
Edited by fioti
08/26/2013 10:30 am
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New Member
 Hong Kong
32 Posts |
I came across a note on Canadian Coin and Currency, selling an old banknote for like couple of grand. Why would it be worth so high?
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Bedrock of the Community
United States
17884 Posts |
Like with coins, some counterfeits are very collectible and can command a high price. But you have to look at individual cases. You can't just say that all old counterfeits are very valuable.
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Moderator
 Australia
16817 Posts |
As a general rule, "contemporary circulating" counterfeits are more interesting, and therefore more valuable to collectors, than modern reproductions of old notes. But to be really valuable, the counterfeits have to have a famous story. "Upham counterfeits" of Confederate States notes, for example, are highly sought after and probably sell for more than the genuine Confederate notes they are copies of.
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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New Member
Hong Kong
32 Posts |
Thanks Sap, that cleared about my feelings on the counterfeit confederate notes that was on sale by my dealer.
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Pillar of the Community
United States
9792 Posts |
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Bedrock of the Community
United States
17884 Posts |
But are Boggs notes really counterfeits? Personally I don't think so. He has been tried for counterfeiting and acquitted in Great Britain and Australia, he has been arrested several times in the US but never brought to trial. (And the materials confiscated from him were never returned even after the charges were dropped. In fact they are used as artwork at the Secret Service offices.
Counterfeits can be historical. They are often related with wars. The British counterfeits our currency during the Revolutionary War, there was counterfeiting of Confederate currency during the Civil War, Germany counterfeited Canadian $100 notes during WWI, and of course there were the Operation Bernard counterfeits of the British Pounds during WWII.
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New Member
Hong Kong
32 Posts |
Thanks guys for the info.
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Bedrock of the Community
United States
20753 Posts |
In some instances a fake, counterfeit coin or note could be used as a filler for one that a collector well knows they will never acquire. In such a situation, a collector may well be willing to pay a decent price for a good fake. For example I have seen many plastic fakes of the 1856 Flying Eagle cent at coin shows for sale. Being plastic the color was very authentic. Mamy coins that appear to be out of reach monitarily may have a fake sought after as a filler. Then too there are counterfeit collectors, just as there are error collectors, of coins and notes. I'm starting to wonder when there will be faked slab collectors popping up. |
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Bedrock of the Community
United States
17884 Posts |
I collect the fake slabs when I can get them. Unfortunately they then to sell for way too much money due to people bidding on them as if they were real slabs with real coins (and the real coins aren't cheap.)
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New Member
Hong Kong
32 Posts |
May I ask what are fake slabs?
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Pillar of the Community
United States
1796 Posts |
@168Bagua: Everything has a value, and counterfeit coins' values are mostly derived from novelty. They can range from a few dollars (cheap Chinese base-metal fakes), or fifty to a hundred or so (a Henning nickel or counterfeit Sacagaweas, or a number of older contemporary counterfeits) to thousands (someone getting fooled ;-) ). The most I've ever paid for a counterfeit for my collection was ~$120 for a really nice contemporary counterfeit Capped Bust half dollar. I try and list Fair Market Values of counterfeits on The Black Cabinet whenever I can (link is in my signature). Sadly it's hard to get anything reliable. @just_carl: Yep, after Conder101's confession, that makes at *least* two fake slab collectors here on CCF, carl. ;-) @Conder101: "Fake slabs" are 3rd party grading capsules that either house fake, or mis-graded coins. For example this is a fake PCGS slab with a fake Morgan dollar in it:  Edited by SteveCaruso
08/28/2013 10:22 pm
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Pillar of the Community
United States
9792 Posts |
Quote:
But are Boggs notes really counterfeits? Personally I don't think so. Me either, I think it's art, but try telling that to the Secret Service! I'd love to have one of his notes, but don't want to pay what they go for in the marketplace. Finding one he spent would be really cool. I don't really collect art other than on coins, but I do like his stuff.  One of his FUN notes might be obtainable in my future.  "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Bedrock of the Community
United States
17884 Posts |
Even the FUN notes aren't cheap but I don't have much interest in those. They are more like a limited edition lithographed print of the real thing. He would draw one, and then they made and sold copies of it.
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Replies: 14 / Views: 1,891 |
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Posted 08/26/2013 11:06 am
