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 Replies: 28 / Views: 9,421 |
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Bedrock of the Community
Australia
21788 Posts |
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Pillar of the Community
United States
1748 Posts |
 Looks like the ECB won't have to implement QE after all. The Chinese are doing it for them. Edited by DoubleEagle20
12/20/2014 1:06 pm
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Pillar of the Community
United States
5362 Posts |
I hope that 100 years from now collectors remember these fakes were made. That has been a long standing problem with collectors - there are few ways to keep knowledge like this current. When it is forgotten - these fakes which may have slight differences will become varieties and sit in TPG slabs along side originals - only as rare varieties. |
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Valued Member
United States
324 Posts |
Maybe in a hundred years collectors will be researching the Chinese fakes with the same interest collectors of today have for 18th century non-regal coppers, trying to determine which "mint" produced what.
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Pillar of the Community
United States
5362 Posts |
It would be better to somehow document these coins so future researchers are not working on a mystery.
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Pillar of the Community
United States
593 Posts |
Quote:
Gold coins can be faked with a tungsten core to get to the same weight, but the problem remains that gold is a soft metal, and tungsten is amongst the hardest. A ring tone test would pick them very easily What is a ring tone test? I know that dropping a junk silver quarter on a hard surface makes a distintively different sound than a clad quarter. I am getting my first gold coin in a few days. It's a common coin that I got for close to melt, so I don't mind dropping it from an inch or two. If I drop it on a desk should I expect more of a ring, like silver, instead of a thud like clad? If so, and the weight and dimensions are correct, should I have a reasonable amount of faith that it is real? Why couldn't they use a lead core? Lead is soft. Sorry for the stupid questions. This is all new to me! |
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Bedrock of the Community
Australia
21788 Posts |
You don't have to drop a coin onto a hard surface to do the ring tone test.
Do this test over your bed:
Just rest the suspect coin on the tip of your finger, and lightly tap the edge with another coin. Repeat with a known genuine coin of the same type. Compare ring tones.
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Pillar of the Community
United States
992 Posts |
Dropping on a polished stone counter works fine, or a sound solid wood table top. Veneer and mushboard wood surfaces sound, well, mushier.
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Pillar of the Community
United States
5362 Posts |
I am always concerned with potential damage that could result from the ring test.
The ring is best done (my opinion) with a stiff piece of material - like a hard plastic pen - while the coin is balanced on the tip of your finger over a soft surface.
Tapping with anything metal - or dropping the coin could inadvertently result in damage.
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Bedrock of the Community
Australia
21788 Posts |
Dropping any coin and especially a gold coin, onto a hard surface, will damage the rim. That is why tapping the rim of a coin with another coin is a much safer proceedure.
Ring tone tests are easy to do, but not onto a hard surface.
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Pillar of the Community
Australia
560 Posts |
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Pillar of the Community
United States
5362 Posts |
Enlil - In China only the current currency issues of China are prohibited. Copies of bullion issues of China are produced for overseas outlets along with copies of current and collectable currencies of most other world countries. In China they can even make older currency issues of China itself - all legally. That is quite unlike most countries where current issues of any country are off limits.
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Pillar of the Community
Australia
3831 Posts |
Unsurprisingly 1 yuan coins are also counterfeited and this was worth a mere 12 US cents at that time. I have it somewhere if I can find it...
The way how it works in China is regardless of the death penalty, as long as one does not get caught, it's still worthwhile to make money.
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Replies: 28 / Views: 9,421 |
First Page
Posted 12/20/2014 1:05 pm
