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 Replies: 18 / Views: 3,734 |
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Pillar of the Community
United States
1391 Posts |
So I have been reading about these ones that are of questionable origin from South America. Can anyone point me to where I would be able to find one? Edited by allranger
02/08/2015 8:48 pm
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Pillar of the Community
United States
1037 Posts |
More information please. Do you have an article or a link? This would assist in answering your question.
Cheers.
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Pillar of the Community
United States
589 Posts |
Are you talking of the all copper Sacagawea's? Seeing as how they are counterfeits, you cannot legally import them to the States. However, you can purchase one (if you can find one in the States) so long as it isn't sold to you as genuine or so long as you don't sell it/pass it off as genuine. http://www.smalldollars.com/dollar/add014.html |
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Pillar of the Community
United States
1796 Posts |
Edited by SteveCaruso
02/09/2015 02:03 am
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Valued Member
United States
453 Posts |
I just saw a post about thos recently. What an odd thing to counterfeit!
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Bedrock of the Community
United States
17884 Posts |
Not odd at all. About the time the Sac came out Ecuador (or El Salvador I don't remember which) adopted the US dollar and imported a lot of the Sac dollars. (Paper notes don't hold up well in the tropical weather) Now a dollar isn't much to us but it was a significant sum down there so it was definitely worth their while to counterfeit them. Sometimes they wander up here to the US.
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Pillar of the Community
United States
4901 Posts |
They are easily available from China for .80-$3.50 per 100 coins (dependent on quantity ordered) .
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Pillar of the Community
 United States
1391 Posts |
I was looking for one as my own "black cabinet" curiosity. I would like one the circulated as a contemporary counterfeit.
Steve, you said you found one in a bank tray, what do you think my chances are of finding one through coin roll hunting?
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Pillar of the Community
United States
2589 Posts |
There are also counterfeit suzy b dollars as well, counterfeit dollar coins circulate heavily in ecuador and el salvador which have eliminated their own currencies and use the US dollar. Panama and ecuador produce their own circulating coins but not $1 denominated ones so american $1 coins circulate quite heavily there.
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Moderator
 United States
187702 Posts |
Just something else to look out for.
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Pillar of the Community
United States
1796 Posts |
Quote:
Steve, you said you found one in a bank tray, what do you think my chances are of finding one through coin roll hunting? Slim to none, unfortunately. The counterfeits circulating down in South America are rejected by most modern counting machines. You'd have to find some customer-wrapped rolls from Ecuador or the likes. The only reason I found it was because it was dropped in a drive-thru deposit mixed in with a fist full of genuine Sacs rather than turned in through the counter and the tellers were not trained to identify fake coins (they only get training with fake bills). Edited by SteveCaruso
02/09/2015 11:57 am
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Valued Member
United States
327 Posts |
As Steve says, the tellers are not trained to detect fake $1 coins...and most people aren't either, as you might expect. The Dollar bill is living on borrowed time, as I'm sure most folks here realize. The U.K did away with one Pound Notes years ago, switching to coins. Pound coins are heavily faked there, not uncommonly found in circulation. Seems like a ridiculous idea, till you realize they were being counterfeited by the 55 gallon drum load . It's not a big profit idea per unit, but once you do it *literally* a million times or so, it adds up. http://www.telegraph.co.uk/news/ukn...-1-coin.html30 million pounds is about 60 million dollars, more or less...even a profit margin of 25% yields them 15 million dollars... Edited by SPQR
02/11/2015 08:00 am
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New Member
United States
7 Posts |
Interesting thread. My thought is, why not just mint their own 'dollar', tied at par to the USD? Then make 'foreign' currency illegal to use, as in some countries.
Or maybe our 'friends' and 'allies' don't give a darn if our coinage is counterfeired, so long as they benefit.
And, the Secret Service should be just as interested in this as the recent rash of bogus $100 bills printed overseas. You didn't think they kept redesigning them for art's sake, didja?
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Moderator
United States
187702 Posts |
Quote:
My thought is, why not just mint their own 'dollar', tied at par to the USD? Then make 'foreign' currency illegal to use, as in some countries. Cheaper to import ours than mint their own, especially if we are buying stuff from them (Ecuador has a lot of oil). |
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Pillar of the Community
United States
4901 Posts |
Ecuador no longer has its own currency. It was replaced by the US dollar around 15 years ago...
Panama does have its own currency but it is tied 1:1 to the US dollar. Both are used throughout the country together at par
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Pillar of the Community
Canada
2805 Posts |
These countries do mint their own coins. Panama has been minting American-alike "balboas" for more than a century, at America's request (imperalism ain't easy). Ecuador has been making centavos to the same specifications of American coins since 2000 - but the Ike-sized "sucre" is really uncommon, so I assume they use Sacagaweas instead. And these countries have (proportionally) a lot more Native American heritage than the USA does, so they find the designs appealing too.
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Replies: 18 / Views: 3,734 |
Posted 02/09/2015 12:54 am
