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Common US Coin Counterfeit Types?

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FroDaddy's Avatar
United States
107 Posts
 Posted 06/17/2007  7:20 pm Show Profile   Bookmark this topic Add FroDaddy to your friends list Get a Link to this Message Number of Subscribers
The more research I do for my 7070, the more worried I become about purchasing any type of real value. There is a premium normally associated with authenticated slabbed coins, so there is a risk/cost ratio I've been contemplating recently.

I have recently learned that the Trade dollar is commonly counterfeited. If I have educated myself correctly, this coin has been counterfeited for decades so there are dealers out there swapping these unslabbed counterfeits daily without knowing!

What other US coins get counterfeited commonly that we should be on the lookout for?
Edited by FroDaddy
06/17/2007 7:21 pm
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GO's Avatar
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6563 Posts
 Posted 06/17/2007  7:37 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
No Not Buy Coins From China...Period

You will find fakes for almost every type of high dollar coins out there. There are several experts on counterfeit coins on this Forum. So before you buy if you aren't sure of somethings authenticity post some pics and we can try and help ya out.
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Prethen's Avatar
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3233 Posts
 Posted 06/17/2007  7:43 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
You might want to be careful about ANY high dollar coins. However, Seated dollars also are counterfeited quite a bit.
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GO's Avatar
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 Posted 06/17/2007  7:45 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Is there a good list of the most commonly counterfeited coins?
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Prethen's Avatar
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 Posted 06/17/2007  7:48 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
Buy the PCGS Coin Grading and Counterfeit Detection book. It's very good. Plus, the ANA has a home course you can take. The video was excellent!
Bedrock of the Community
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 Posted 06/17/2007  10:50 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
As noted almost any valuable coin has been counterfeited. However, the more popular the coin, the more they are counterfeited. For example the 16D Merc, 09S VDB Cent, 22 Lincoln plain, 55 Lincoln Double Die, Buffalo/Indian Nickel 37 three legged buffalo and naturally the 14D Lincoln. Then there is the famous 43 Copper Lincoln Cent, 13Liberty Head Nickel. These types of coins are the most counterfeited due to their popularity and it is well known they are easily sold to the millions of unsuspecting collectors. There are numerous Silver Dollars faked but the market to sell them is limited so although done many times, just not as much as the lower denominatioins. Think of it as with 300,000,000 people in the USA and possibly 20% collect coins, that makes about 6,000,000 coin collectors. Now many are just YN's or people starting out so they are easily fooled and tend to purchase from ebay or other web sites not realizing the amount of fakes out there or as asked here, what coins are faked. Note many coins have to actually be made to be counterfeited but with some cents such as the 14D they can be easily made by erasing part of the 4 in 1944. Buffalo nickels can have part of a leg erased and sold as the famous three legged variety. Similar with the 22Cent with no D. Therefore the more you want a coin or anything for that matter, there are people out there that will make fonies for you. It is done with cameras, watches, telescopes and just about anything else. The ones I like are the batteries that say "Dinocell, Denocell, Duracall" and many, many others and all look like the real thing. I like the ORIGINAL BLACK FOREST hunting knives from Japan or the daggers with the Geman Swastica on it from China. A freind just showed me some Hitler Postage stamps made in China. So when do you all think the Mint will outsource our coin production to India?
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FroDaddy's Avatar
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 Posted 06/18/2007  10:13 am  Show Profile   Bookmark this reply Add FroDaddy to your friends list Get a Link to this Reply
Thanks, the grading book was on my list to buy but I just hadn't got around to it until now. I have one on order as of a few minutes ago.

I realized there were key type coins that were counterfeited, but my question was mainly geared toward which type of US coins to be leery of. Mainly because I'm assembling a type set, so the expensive key dates won't be in this album when I can purchase a better condition coin for much less money. Basically if I were to find a coin at a shop, show, or market place, would I need to be very skeptical of it's authenticity?

The list so far is trade, Seated dollars, and rare key dates. What about gold types? Early copper?
Bedrock of the Community
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 Posted 06/18/2007  5:05 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
As I said the more popular a coin the more of a chance it will be counterfeited. Gold is a great one for that since almost everyone wants at least one Gold coin.
Odd subject about counterfeiting though. This morning on the news there was a report on just that. The story stated that about 81% of all counterfeit items were from China. They then listed and showed some of these and there was Coldgate Toothpaste, Crest Toothpaste, Head and shoulders Shampoo, and there was those long, blue cardboard boxes of 2x2's with coins in them. Only warning was to check the lables for mispelled words.
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fengk's Avatar
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986 Posts
 Posted 06/18/2007  5:39 pm  Show Profile   Bookmark this reply Add fengk to your friends list Get a Link to this Reply
Bust halves are also heavily counterfeited. However, if you know what you're doing, you should be fine. In fact, there is a book written by Davignon just about identifying counterfeit bust halves, kind of like Overton only with counterfeits. Some counterfeits actually sell for more money than they would if they were real. Wierd, huh? Gold is also extremely heavily counterfeited, although it's mostly high-end gold. If you're looking to fill a 7070 with common coins, you should be fine.
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BRUCE 1947's Avatar
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834 Posts
 Posted 06/18/2007  11:23 pm  Show Profile   Bookmark this reply Add BRUCE 1947 to your friends list Get a Link to this Reply
Sad to say but no matter how much you read or do research on the coin you are buying it can happen. That is why it is so important to find a dealer you can trust with a good return policy. A good dealer wants your return business it's good for him and it's good for you.

Bruce.
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Spider5689's Avatar
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 Posted 06/18/2007  11:48 pm  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
Bruce is right, finding a reputable dealer is a big plus. Key dates are commonly counterfeited. That doesn't mean common dates are not. Most Trade dollars coming out of china have common dates on them, some have fantasy dates. The best advise I could give you is to, know the coin before you buy it.
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Conder101's Avatar
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17884 Posts
 Posted 06/22/2007  11:35 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
This isn't a full list of all the coins that are faked, just the ones I believe are the most commonly encountered ones.
Half Cents
1793, 1831, 1836 - 1849 except the 1849 large date
Large cents
1793 all types, 1799, 1804, 1815 (all are fake),
Small cents
1856, 1872, 1877, 1908-S 1909-S, 1909-SVDB, 1914-D, 1922-"P", 1931-S, 1943 copper, 1955 DDO, 1972 DDO
Two Cent
1872 and these are not common.
Three Cent Silver
1858, 1861, 1862 (all of these are crude contemporary fakes)
Three Cent Nickel
None that I know of.
Nickels
1875 (contemporary fake), 1878, 1880, 1881, 1885, 1912-S, 1913-S Type II, 1918/7-D, 1926-S, 1937-D Three legged
Half Dimes
1795, 1802, 1846, 1853 No Arrow, 1853-O no arrow, 1863, 1864, 1865, 1866, 1867, 1868
Dimes
1796, 1822, 1844, 1846, 1853 no arrow, 1860-O, 1863, 1864, 1865, 1866 1867, 1871-CC, 1872-CC, 1873-CC, 1874-CC, 1916-D, 1942/1, 1942/1-D
Twenty Cent
1876-CC
Quarters (I don't know these well)
1870-CC, 1871-CC, 1873-CC, 1896-S, 1901-S, 1913-S, 1916 SLQ, 1918/7-S, 1923, 1932-D, 1932-S
Half dollars
1794, 1796, 1797, 1806, many of the dates 1818 - 1836 these are contemporary fakes and are often worth more than the real ones, 1870-CC, 1878-S, 1914, 1915, 1921, 21-D, 21-S
Silver dollars
1795, 1796, 1799, 1804, All Seated dollars, All Trade dollars, 1889-CC, 1893-S, 1894, 1895, 1895-O, 1895-S, 1928, 1934-S
Gold coins
I don't know much about the pre-1934 coins. All of the post 1834 coins are at risk especially the Type II gold dollars and the three dollar gold. With the type II dollars and three dollar gold pieces there are probably many more fakes than there are real ones. When ANACS began back in 1972 more than 90% of all of the type II gold dollars and three dollar coins submitted were fake.
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Jaobler's Avatar
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6381 Posts
 Posted 06/22/2007  12:06 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
I remember reading that many common-date US gold coin fakes came out of the Middle East in the 1950's and 60's. These were not made to deceive collectors but to provide a legal way for Americans to own gold. At the time it was illegal to own gold bullion in the US but you could have collectible gold coins. There are probably lots of these still around. They can probably be detected easily by experienced collectors but might look good enough to fool beginners.
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Prethen's Avatar
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3233 Posts
 Posted 06/22/2007  12:11 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
Conder101: I have a counterfeit 1860 3CS on its way to me! I just bought it so I can have it for my collection. I paid more for that coin (VF) than what a real one would cost!
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Conder101's Avatar
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17884 Posts
 Posted 06/22/2007  3:34 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
quote:
These were not made to deceive collectors but to provide a legal way for Americans to own gold

Actually they were a way to deceive Americans who thought they were getting rare gold coins (The average American had no way to know they were really common dates), and make a big profit on the gold. At the time Americans could legally own US gold coins and could bring them back into the country with little difficulty. You still had to get an import license but for pree 1934 US coins it was basicly a "rubberstamp". Now US coins at the time tended to sell for roughly double the bullion value. So the counterfeiters could buy the gold, make the fake coins, and get a 100% markup on the gold instead of 3 to 5% typical gold bullion margin.

Good to hear about the 1860 fake 3 cent silver. Like I said though, my list is for the most common ones. This is the first I've heard of the 1860, but I have seen several of the 1858, 61 and 62's. But I'm sure my list isn't complete and there are other very common fakes out there.
Bedrock of the Community
United States
20753 Posts
 Posted 06/22/2007  7:45 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
No matter how carefull you are there is still a chance you'll end up with a counterfeit eventually. If this coin collecting boom that has exploded recently continues almost any coin worth more than a dollar will be counterfeited. If you want to see examples of what is comingk, just go to any flea market. Lately I've seen tennis balls, golf balls, toothpaste, garden shovels and just about anything possible being made in China.
One dealer at a coin show recently told me he too hasa been fooled a few times lately. Some of the counterfeits are really good. If htis continues it will be the end of coin collecting as we know it today.
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