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 Replies: 14 / Views: 4,945 |
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New Member
Australia
5 Posts |
Does anyone have any thoughts on the coin that just sold on ebay, the auction started at 99 cents (despite the buyer naming it a mule so he knew what he had)it was at $600 with 10 minutes to go (it was at $1200) the day before so that bid was retracted by someone who smelt something was up. The person wrote in the auction he accepted refunds yet in the postage formality it stated does not accept refunds and never replied to my message of would he refund if It turned out to be a fake, did he do himself out of alot of money or has some poor sap just paid $8600 for a counterfeit?    |
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Pillar of the Community
Australia
1041 Posts |
its a fake the wear on both sides is not the same I can see a hole in the edge photo fake do you have the listing number for ebay |
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New Member
 Australia
5 Posts |
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New Member
Australia
5 Posts |
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Bedrock of the Community
United States
10045 Posts |
 Given the starkly different wear between sides, I would not be surprised if the "mule" was created from 2 coins. |
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Formerly nancyc
Australia
5385 Posts |
If that was a genuine 1916 Mule the price would have been more like 10 times higher. If the winning bidder is not a shill and actually pays, he/she has bought a piece of worthless junk.
life is a mystery to be lived not a problem to be solved
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Valued Member
Australia
222 Posts |
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New Member
Australia
31 Posts |
Hi - just on this topic , I have just purchased a 1916 mule fake in a collection of other coins , I got excited thinking it was a real one and started planning my early retirement, however on further research into the coin I realised that mine was not a genuine . It has a milled edge and pearls in the crown , also it is about UNC which does not fit with the past evidence of this coin . I was not so disappointed as within the same collection was a VF 1925 & 46 in it which made it an ok buy . The person selling did not know or did not say that they knew anything about the 1916, he was not a collector . Now the question I was hoping to ask here ( if this thread is still going ) is - is it legal to now sell this fake on ebay ? CLEARLY stating it is a fake ? As it is still an interesting piece ? Or is this too much of an ethical dilemma ? Cheers ! |
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Bedrock of the Community
Australia
21788 Posts |
I fail to understand why anyone would want to sell such a rare coin on ebay, and risk sold at a low price. Unless, that is, it happens to be a known (by the seller), fake. I agree with DVC: huge difference in condition between the two sides. |
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Pillar of the Community
Australia
852 Posts |
Hi Perthite, and welcome to the forum. Not illegal to sell a fake as long as you don't engage in fraud (claiming it is genuine). Even then there are dozens of fake coins offered everyday on ebay with false claims of being genuine and bugger all is done to stop the rip offs. So no ethical dilemma if you are upfront about it being not genuine, though the risk is that it sells for a low price to a sleezebag who will try and flog it as genuine. |
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Moderator
 United States
189142 Posts |
 to the Community, Perthite! |
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Pillar of the Community
Australia
1333 Posts |
well Sel_69I everyone is different, not everyone want to go though an auction house to sell their rare coins, some prefer to sell in via ebay its up to them, ebay cares very little about scams they just want the fees. |
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Pillar of the Community
Australia
2180 Posts |
Bit late but I think all genuine mules have a die chip somewhere on the reverse - I don't remember the details though.
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Pillar of the Community
Australia
852 Posts |
There is a small flaw on the lower inside edge at the top of the ring of dots that encircles "one half penny" on the genuine mules, also found on the standard halfpenny when the die was correctly paired (so possible to join 2 halves to make a fake with all the correct markers).
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Valued Member
Australia
222 Posts |
It is technically illegal to possess counterfeit currency, but I have never seen this enforced.
It is obviously also illegal to knowingly misrepresent counterfeit currency as the real deal.
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Replies: 14 / Views: 4,945 |
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Posted 04/28/2014 07:18 am
