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Various Dollar Coins

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Bertensgrad's Avatar
United States
1192 Posts
 Posted 11/25/2014  12:48 am  Show Profile   Bookmark this reply Add Bertensgrad to your friends list Get a Link to this Reply
I'm wondering about the ages of the two parties. There are a chance he's just a young collector with no idea about what he has and may have been misled by who ever sold him the pieces. I could see him buying them for $20 apiece over time and then thinking they were worth atleast that.

While $200 seems like a huge loan for a kid, it's not for most adults. I'm pretty sure I could sell counterfeits of thousand dollar coins for just a few dollars to a kid and them not even question it even if they knew the worth of the coin. Now a uneducated child collector would be even worse. Never underestimate a greed of a child lol
Edited by Bertensgrad
11/25/2014 12:50 am
Pillar of the Community
thq's Avatar
United States
3343 Posts
 Posted 11/25/2014  07:49 am  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
I don't believe for half a second that the US Government is going to put anyone in jail for selling counterfeit coins unless they're circulating coins. Even then Treasury has enough on their plate keeping up with counterfeit currency.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
New Member
United States
14 Posts
 Posted 11/25/2014  7:32 pm  Show Profile   Bookmark this reply Add Denfly to your friends list Get a Link to this Reply
Thanks Gyrene for that. Yes, it comes out to $10 a coin. As an adult, I guess I should of been more suspicious but I'm not a coin collector, and I'm not familiar with key years or mint marks. I'm learning now that these are worth about $3 or less so if I try to sell these as fantasy coins i'll never get the full amount of loan money. He's away for the holiday with family so I won't see him for a week. Hopefully I can return them to him and he will give me something of equal value towards the loan. Yes thq, folks rarely if at all get punished for dealing fakes. It's the producers that they want but since it's done in China, the law won't extend that far. Thanks to all who helped me on this. Now, who's interested in "fantasy" coins? LOL!
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52Raymo's Avatar
United States
8518 Posts
 Posted 11/25/2014  8:30 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
I think you could get more than 3 bucks. They would be fun to mess with and study. I have a 1916-D Mercury dime that's a pretty good copy that I bought for 7 bucks. You're gonna have to hang around for a bit and get enough posts to sell em.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
New Member
United States
14 Posts
 Posted 11/25/2014  11:34 pm  Show Profile   Bookmark this reply Add Denfly to your friends list Get a Link to this Reply
To be honest, I would be scared to sell them without penalties. I'm sure there's a market out there for some of these. If anyone knows, let me know. The artwork is quite magnificent. Iv'e seen some crude one's and these are not. Thanks again folks.
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Bertensgrad's Avatar
United States
1192 Posts
 Posted 11/26/2014  3:50 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list Get a Link to this Reply
There is a market for fakes if only for comparison purposes. A lot of dealers I visit have fake Morgan dollars and american eagles that they show people. I try to touch and fiddle with as many of the fakes as possible to get a idea.
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