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 Replies: 16 / Views: 3,045 |
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Pillar of the Community
Australia
1041 Posts |
 do you think this rubbish coming out of china will destroy the market and coin collecting in the long run I for one am sick of the fake rubbish that around and am getting turned of coins its just to hard every second thing is just s--t  I might sell them some fake cattle swap it for camel that will get em ah feel better now
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Pillar of the Community
United States
2543 Posts |
It is really easy to blame the Chinese for the all the ills of the coin collecting world, but counterfeits have been around forever. Just go to the World Coin Forum and follow the discussions of the counterfeit 8 reales coins. This at one time was the trade currency of the world. Now it seems that there are more contemporary and modern counterfeit coins , than there are genuine. Counterfeit collecting is even a catagory of collecting. So this is nothing new in the collecting world. I would be willing to bet that perhaps 50% of all older amateur collectors who have far ranging and extensive collections, have at least one counterfeit or altered coin and don't even know it. From a 1909 VDB penny with a tiny S soldered on, to a Henning nickel, to a 1993 Morgan with an S added, to a 1923 Peace dollar altered to look like an 8. Ask fellow member razzy about the $900 worth of counterfeit GSA Morgans he got scammed with. Counterfeits have gotten more sophisticated, but I also think the collector has gotten more ignorant in their quest to get the latest and greatest coin. Too many people are not willing to just take a pass on something that just "doesn't look right", then whine and complain that it is fake. Yes, the Chinese gov't could do a lot more to curb the counterfeit production in their country, but aside from a "Hobby Protection Act" that has no teeth, what is the U.S. or Aussie gov't doing to protect the collector. Nothing ? Educate and protect ourselves is what we can do. |
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Valued Member
Canada
158 Posts |
 I have changed the way I collect. Now I rarely add raw coins to my collection, I may look at it the wrong way, but I like to think it is safer having graded coins. If a "professional" grader that examines coins for a living certifies it as genuine I feel a little more comfortable with purchasing it, especially if the coin is rare and expensive. Plus, the slab gives a little more protection from the elements...... |
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Bedrock of the Community
United States
20753 Posts |
There is a reason so many blame China for all the fakes on Earth. It's not just coins, but almost anything you buy is made in China. However, remember the good old days when everything said made in Japan? And with coins, here in the USA they've been making fake everything for a long, long time. The problem is us, here in the USA. IF, and that is a big IF, everyone got together and stopped buying STUFF made in China, possibly things would get back to normal, whatever that is. Big problem though is what would be left on the shelves at Walmart? Do you realize hardly anything electronic is made in the USA? And although so many complain about everything made in China, aren't those the same people that buy it since it costs less? The solution is simple. Turn over the Minting of all our coins to China. Outsource the making of our entire monitary system. Then they wouldn't need to make fakes.  |
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Pillar of the Community
Canada
3692 Posts |
How can the Chinese government persuade or control anyone in a country of billions?
I think it would be pretty interesting if the next generation started to collect fakes and identifying them by the factory or "mint" they came from, catalogues and all. Imagine graders identifying "genuine fakes" and having real coins rejected by collectors.
It's true that fakes turn off a lot of collectors, especially new ones if their first coins are those so-called silver dollars in plastic sheets.
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Moderator
 United States
23522 Posts |
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Turn over the Minting of all our coins to China. Outsource the making of our entire monitary system. Then they wouldn't need to make fakes. Carl, you are brilliant. I wish to subscribe to your newsletter. |
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Pillar of the Community
United States
8137 Posts |
Maybe they will start putting "made in China" on their fakes and hope we don't see it!  |
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Pillar of the Community
United States
3253 Posts |
Seems to me the best way for TPG's to reinvest their profits would be in Chinese counterfeit mills... |
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Pillar of the Community
 Australia
1041 Posts |
how can you find the real if you don't learn the fakes great learning today
DONT BUY COINS lesson learnt $60 down the china drain I will drill no one better I will shoot holes through all so the next cant get caught
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Pillar of the Community
Canada
2805 Posts |
I have some letter stamps that I use to stamp "COPY" on fakes. They can also be used for creative vandalism of circulating coins... by other people.
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Bedrock of the Community
United States
17884 Posts |
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How can the Chinese government persuade or control anyone in a country of billions? Well they used to shoot them in the head. That stopped the perpetrator, and made others seriously consider changing their actions. |
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Bedrock of the Community
Australia
21788 Posts |
Keep all of your best quality fake coins for your own education and study them, so that you know how to spot any other fake coin that may come your way.
You have to use their products against them.
All of your lesser quality fakes can be sold, PROVIDED THAT they are clearly marketed as fakes. You won't gain many friends if you sell them in any other way.
I guess that if you don't wish to sell them, they need to be disposed of as trash.
Suggestion: Wrap them and take a ferry trip across Sydney Harbour. Drop them in the drink halfway through the voyage.
Bonus: The scenery is excellent!
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Pillar of the Community
Australia
7096 Posts |
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DONT BUY COINS lesson learnt $60 down the china drain Lets be quite honest here OK IF you thought that a $60 purchase would yield you 35 genuine rare crown sized Silver coins you were living in La La land. IF in fact they did turn out to be genuine then you would have ripped the seller off for many thousands of dollars. It is a NO win situation. I think your Greed got the better of you on this one  |
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Bedrock of the Community
United States
20753 Posts |
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I have some letter stamps that I use to stamp "COPY" on fakes. They can also be used for creative vandalism of circulating coins... by other people. See, there is always a simple solution. All we need now is someone to go around stamping every fake coin on Earth with stamps like that. OR we could just start carving info on the coins saying REAL or NOT FAKE on all the real ones. I'm for just adding serial numbers on all the coins. This surely would stop counterfeiting. Or did they do that with currency and solved nothing? OR send a nasty letter to China's government, via Walmart, threatening that they stop all counterfeiting of our coins or we will go back to Kmart. Maybe even Target. |
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Pillar of the Community
Canada
3692 Posts |
They have amazing strength in numbers but they choose to follow their system instead of stand up for human rights. It must be working for them...somehow. There are villages that encourage cheating in school exams - there's an entire culture of grand theft. Too bad...
@carl: Check out your computer. It's probably made in china also. It's pretty hard to escape their influence when our western omelette economies demand cheaper alternatives. I certainly can't make a computer in my garage.
Really, if countries cared enough and thought that china had that much of a negative impact they would switch suppliers. There must be some kind of unseen benefit that I do not understand. Towels, tableware, and toys are one thing but stay away from manufacturing my tools and cars.
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Pillar of the Community
Canada
3692 Posts |
denco: Do you have any images of the penny with the S mintmark soldered on? Must be a masterful job.
True, china is not the only country to blame, but they certainly don't perceive what they're doing to be wrong. Their attitude is, "Hey, I copied that fair and square!" A great amount of fakes come from their ports; it's pretty hard to deny, and they don't enforce the laws of countries half a globe away.
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Replies: 16 / Views: 3,045 |
Posted 02/15/2014 08:52 am
