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Education On Fake Coins

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/01/2014  11:03 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
OK, I'll take a shot. These comments are keyed to the coins you've posted, starting with the first 1889-CC on Feb 26th. All references to prior auctions are for the "real" coin:

1) 1889-CC: 1921-only reverse.
2) AU50 1889-CC: None with date that high.
3) 1893-S: Date way too close. Only two obverse dies, both Far Date.
4) 11228548 1893-S: PCGS Cert Verification links to a Heritage auction with a *very* different coin in the slab.
5) 1799: Bowers & Merena, Jan 2011. Again, a very different coin.
6) 1922-S: Currently in a PCGS Registry Set, easy to contact the owner.
7) Addressed at #4 above.
8) Buffalo - Cert not available. DANGER!
9) Our old friend is getting around, and it was (aside the very first) the easiest one to prove fake.
10) 1889-CC AU50 - toughest one of the bunch. Great counterfeit; only the cheek divot is questionable. The giveaways: First, the letter spacing of "PCGS AU50" is off. Second - most importantly - it's not AU50. Even in the small images, this is plainly an AU55 or better coin. PCGS doesn't screw up 1889-CC's like that.
11) 1893-S - A casual glance at the date is all it takes.

Education is the key to collector success. What are the takeaways from my post? First, your best weapon against being taken by a counterfeit is specific knowledge of the issue in question. Second? The Internet is your friend.


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yingyang's Avatar
Canada
1823 Posts
 Posted 03/01/2014  11:43 am  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply
@SsuperDdave

Thanks for what to look for in these fakes.
I had no clue cant believe the prices they are getting makes me sick.


Quote:
9) Our old friend is getting around, and it was (aside the very first) the easiest one to prove fake.


Can you tell me the tell sign of the fake.
Edited by yingyang
03/01/2014 11:55 am
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/01/2014  12:14 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Can you tell me the tell sign of the fake.


The fact that the coin contained in that slab bears no resemblance whatsoever to the huge images presented of the "real" coin in a publicly-available and free archive of previous sales at Heritage Auctions. The Heritage archives are the single-best resource for such research; they encompass 1.7 million individual coin sales, including a quarter of a million Morgans alone. And all you have to do for access is register with Heritage, for free.
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yingyang's Avatar
Canada
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 Posted 03/01/2014  1:03 pm  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply
Here are a few more
Counterfeit 1893-S US Morgan dollar
Sold for over $1,136.11

Education-On-Fake-Coins

Counterfeit PCGS VF25 1893-S US Morgan dollar, Certification Number 26347115
Sellers wanted $7,700 or Best Offer



Education-On-Fake-Coins
Edited by yingyang
03/01/2014 1:36 pm
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yingyang's Avatar
Canada
1823 Posts
 Posted 03/01/2014  1:34 pm  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply
Here are some fake gold coins they are probably still out their for sale on ebay.So be careful.
Counterfeit NGC PF 69 Ultra Cameo 1987 China G1/4OZ Mazu, Certification Number 3356524-206


Education-On-Fake-Coins



Education-On-Fake-Coins

Counterfeit NGC MS68 1982 1/4OZ Gold Panda, Certification Number 3188006-017
Sold for US $460.84

Education-On-Fake-Coins
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edweather's Avatar
United States
7375 Posts
 Posted 03/01/2014  2:42 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Dave, Wow, you are the man. Thank you. Yeah I am also liking the PGCS references to the Heritage Auctions wich show really nice photos of the coins. Nice to have a little provenance when buying a coin. Thanks again. What a learning experience. Ed
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bobby131313's Avatar
United States
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 Posted 03/01/2014  3:00 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Education-On-Fake-Coins
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/01/2014  3:08 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Hehehehe. The counterfeiters really don't have a leg to stand on in the face of modern technology.

For those unaware, Bobby's pic is of a portable X-Ray Fluorescence scanner, and the readout of the composition of the alloy in the slab. It, um, ain't what it's supposed to be, at almost 73% copper.
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 03/01/2014  5:25 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
What does an X-Ray Fluorescence scanner like Bobby has cost?


-MV

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Sap's Avatar
Australia
16859 Posts
 Posted 03/02/2014  12:45 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
What does an X-Ray Fluorescence scanner like Bobby has cost?

Unfortunately, the answer to that question is, "if you have to ask, then you can't afford one". The companies that make them don't put prices up on their websites. Second-hand ones off eBay cost around $15,000.
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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bobby131313's Avatar
United States
24176 Posts
 Posted 03/02/2014  09:17 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
It's just under 18K or can be leased for $369/Month. I can send contact info to anyone interested.
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yingyang's Avatar
Canada
1823 Posts
 Posted 03/02/2014  10:07 am  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply
Counterfeit NGC PF 68 Ultra Cameo 1987 China G1/4OZ Mazu, Certification Number 3356524-140
Bellevue, United States Sold: for US $606
Note the rather dramatic difference in the slab as compared to the NGC website pedigree.


Education-On-Fake-Coins

Education-On-Fake-Coins
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yingyang's Avatar
Canada
1823 Posts
 Posted 03/02/2014  10:17 am  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply
Counterfeit PF68 Ultra Cameo 1989 China G1/4OZ Panda New York Expo, Certification Number 2770113-003
Chesterfield, Missouri, United States
Offered with an opening bid of $995 or a Buy It Now of $1,195 for the pair.



Education-On-Fake-Coins

Education-On-Fake-Coins
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yingyang's Avatar
Canada
1823 Posts
 Posted 03/02/2014  10:29 am  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply
Counterfeit NGC PF 69 Ultra Cameo 1987 China G1/4OZ Mazu, Certification Number 3356524-206
Paradise, California, United States Sold:for US $530


Education-On-Fake-Coins

Education-On-Fake-Coins
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 03/02/2014  11:40 am  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
Thanks Sap, Bobby for the replies you satisfied my curiosity.

It's amazing how many fake coins and slabs yingyang has found and shared.

-MV
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