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Replies: 9 / Views: 1,949 |
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Pillar of the Community
United States
4416 Posts |
http://www.ebay.com/itm/25145080214....m1423.l2649This appears to be a losing battle, but hope springs eternal. The seller describes these as "gold" and "coin(s)." They are neither, and the bidding is well over $100 so far. People are constantly getting hooked on these. There are many similar offerings now up for bids, and IMHO. this is the most common type of coin fraud now on ebay. I think that ebay should decline to accept any and all "California Gold" issues that are not slabbed. What say you?
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Bedrock of the Community
Australia
21786 Posts |
I say me: I have read about California gold being faked for most of my numismatic experience. That experience extends to over 40 years. I don't like slabs, but in this case, it is just about the only way you can go, unless you buy from a dealer who has expertise in this area.
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Pillar of the Community
United States
2543 Posts |
I think that the way he is getting away with it is, that he is listing them as tokens. Even these old souvenir tokens and jewelers tokens, though they may not be real "California Gold", have a collectible history to them.
Though he may secondarily refer to them as "coins" he never really refers to them as genuine California Gold coins. Not that he doesn't hope that his vagueness will drive the bidding up.
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Pillar of the Community
 United States
4416 Posts |
Quote: Though he may secondarily refer to them as "coins" he never really refers to them as genuine California Gold coins. Read the fine print which states: "Beautiful coin. Great piece of history. If only the coin could talk ..." The "great piece of history" part suggests that these are contemporary to the dates upon them, 1850's. Truth is, if they could talk, they'd tell us about being souvenirs in 1960-80's tourist traps; this, between singing songs by the Beatles!
Edited by ExoGuy 02/20/2014 1:30 pm
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Pillar of the Community
United States
2543 Posts |
Quote: Read the fine print which states: "Beautiful coin. Great piece of history. If only the coin could talk ..." Please......I am not saying it's right or defending them in any way. Just pointing to ebay's excuse. In the title he clearly states that they are tokens and leaves his coin reference to the fine print. I totally agree with you, that these need to be policed. Quote: The "great piece of history" part suggests that these are contemporary to the dates upon them, 1850's. Truth is, if they could talk, they'd tell us about being souvenirs in 1960-80's tourist traps; this, between singing songs by the Beatles! A lot of these gold plated brass tokens were produced at the turn of the century as souvenier tourist tokens, what makes you sure these are 80's fakes ? Just FMI ?
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Pillar of the Community
 United States
4416 Posts |
Hi Denco7. Sorry if I sounded contentious ... purely unintentional. I do tend to get upset about offerings such as these. Also note that this seller calls these tokens/coins "fractional." There is not even the typical illusion of any denomination on these! They are a fraction of what, may I ask? Typically, there exists a fraction like 1/4 or 1/2, sans dol. or dollar. I've read and studied many an early, pre-1960's coin book, magazine, periodical, auction catalog, you-name-it, and have yet to encounter any mention of these pieces. To my knowledge, they were non-entities until the late 60's, at best. These were often sold in carded sets, like type sets, round/octagonal. I began seeing those in the 1970's. A few years ago, I witnessed a number of these sell at a local antique auction. I advised the auctioneer, a man who new nothing about coins or my credibility, that they were neither gold nor contemporary to the dates that they were marked. He admitted to the bidders that he knew nothing about them and sold them "as is." The average price paid exceeded $200, each! IMHO, transactions like this and the ebay marketing of these hurt the hobby ... One has only to look in a Red Book under "California Gold" to learn about these.
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Pillar of the Community
 United States
4416 Posts |
I rarely see the carded sets. It apparently "pays" to pop out the tokens. Here's another ebay offering: http://www.ebay.com/itm/22137711368...RK:MEBIDX:ITThese appear to be Capital plastic holders that are worth more than the fantasy pieces they house. Yet, the tokens prettily housed therein thus offer more of an illusion of worth. Just think, were bidders to pay $200 each for these puppies, that's a total of $4,000!
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Pillar of the Community
United States
2543 Posts |
Thanks ExoGuy, for the info, I have an acquaintance who is also on a mission to see these regulated and taken out of mainstream coin auctions. I have learned quite a bit about the history of these in the last year or so. So many different incarnations of these, from the real California Gold fractionals, to jewelers tokens which are real gold , just not California Gold fractionals to the gold plated (no discernible amount of gold)brass tokens , some of which have been traced back to the late 1800's.
Unfortunately these people pay real money for these things in their collections, thinking it is real California gold and never know that it is brass.
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Pillar of the Community
 United States
4416 Posts |
Got to thinking about the older ones, which I've not personally seen. I consulted my 1947 Red Book, and it mentions those jewelry tokens that were made gold, noting that these were marked EXCELSIOR. These newer ones are made of goldine, being a brassy mix of copper and zinc.
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Pillar of the Community
United States
940 Posts |
Sadly, it is in ebay's financial interest to let these deceptive ads go. Increased revenues trumps all other priorities. Years ago you could circumvent ebay administrators and contact bidders directly to warn them about fraud and deception in sellers' ads. They put a stop to that by removing the ability of members to contact other members directly. I contacted ebay many times about fraud in ads for postage stamps, and they looked the other way every time.
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Replies: 9 / Views: 1,949 |
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