Counterfeit/Fake Â£5 London Olympic Coins

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Author	Replies: 6 / Views: 2,118
Marek101 Valued Member Canada 65 Posts	Posted 09/18/2014 4:01 pm Hello, Has anyone come across a fake Â£5 London Olympic coin. This at first glance look genuine so I bid on it on ebay and won it. But it turns out to be fake. It weights only 26.25g when it should be 28.28g. I have 2 of the genuine ones and I can easily see this one is a fake. The vendor says it is genuine and he bought it from a reputable ebay seller. I am opening a case with ebay. Report this Post to the Staff

Tryna Pillar of the Community United States 937 Posts	Posted 09/23/2014 10:51 am I find it stunning that someone would go through the trouble of faking modern comems. Does not seem to be a lot of profit in it to me. Or is there a large premium on these that would warrent the work involved? Report this Post to the Staff
Marek101 Valued Member Canada 65 Posts	Posted 09/23/2014 8:25 pm I think when they were issued, they were selling around $60 to $70. I would say that's a big premium. And they are very good fakes. I spot it easily because of the frosting on the obverse...actually no frosting. Anyway, ebay is going to refund me. I just have to send it back at my expense.Bummer Report this Post to the Staff
greeniejim Valued Member Ireland 215 Posts	Posted 09/24/2014 2:23 pm Very Curious.... is it possibly possible that it could be a genuine fault from the mint....! possibly a light blank that slipped through? Report this Post to the Staff
Marek101 Valued Member Canada 65 Posts	Posted 09/24/2014 5:09 pm We are talking about 2 grams difference which is way too much...and the thickness is off too... 3.38mm when it should have been 2.89. I would think there would be some quality control on the coins at the mint to make sure the weight and dimensions are correct. Report this Post to the Staff
Tryna Pillar of the Community United States 937 Posts	Posted 09/26/2014 4:47 pm I am glad you are getting a refund. too thick and still too light.. Odd to put such good workmanship on such an obviously bad planchet. Good job spotting it. Report this Post to the Staff
Marek101 Valued Member Canada 65 Posts	Posted 10/02/2014 10:40 pm Thanks everybody, I got a full refund yesterday. And guess what, the same fake coins are selling at just under $20 apiece at AliExpress...probably a lot less if you buy in bulk. Report this Post to the Staff
	Replies: 6 / Views: 2,118

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