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 Replies: 12 / Views: 1,984 |
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Valued Member
United States
381 Posts |
Hey guys. I want to start a collection of fake/counterfeit US Classic coins. The reason why is that I want to study them compared to the real ones to analyze them and to see the key characteristics of fakes and also to pretty much just stop beginners from getting burned. However, I don't know if there is any laws against this in the US, like there is in Canada. Thanks for the replies!  |
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Pillar of the Community
United States
2815 Posts |
I have some Morgans and earlier silver dollars that would be beneficial for your purpose. They have helped me tremendously. Sending PM.
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Bedrock of the Community
United States
12057 Posts |
It is illegal to knowingly SELL a forgery or counterfeit coin in the US. Giving one to someone for free? I don't know about that. Might or might not be.
People assembling "black cabinets" usually don't buy from people who already know they are in possession of a counterfeit or forgery. They buy from the unaware, or from the no-no site, or from flea markets and pawn shops, or whatever.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
Australia
21786 Posts |
I will buy fake coins, provided that they are knowingly sold as fake.
My 'black' collection currently numbers at around 100 'coins',
roughly 20 U.S. 'coins', the rest 'ancient coins'. About half of them could be considered 'dangerous'.
It is essential to build a 'black collection', to educate oneself on how to readily identify them.
I also buy any book relating to the subject of fake coins.
Numismatic Forgery, by Charles M. Larson, is an excellent book on the subject of forged coins.
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Pillar of the Community
United States
1757 Posts |
Buy Bob Gurney's book on Counterfeit 8 Reales on Amazon Books. Its 600 pages. In the first 200 pages it will answer EVERY question you could possibly have of this nature and then SOME ... guaranteed ... JPL |
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Pillar of the Community
United States
1450 Posts |
Certain counterfeits do have a special value all their own at least in the Art World. I bet counterfeit coins would have a value of some sort especially if you have many varieties of counterfeits. Now a counterfeit 1893-S Morgan would have a value, but no where near the real deal. However, as a curiosity I think people would want to see them and might even pay to see them.
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Pillar of the Community
United States
1211 Posts |
Counterfeit coins have value in the "art world"? Huh?
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Pillar of the Community
United States
8904 Posts |
I had about 20 fake ones at one time. I ended up sending them all to The Black Cabinet folks. Just me? I don't want any of my ancestors to be embarrassed if they ever go to sell any of my coins.
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Pillar of the Community
United States
4416 Posts |
Quote:
People assembling "black cabinets" usually don't buy from people who already know they are in possession of a counterfeit or forgery. They buy from the unaware, or from the no-no site, or from flea markets and pawn shops, or whatever. This has not been my experience. I have a hundred or so counterfeits, altered dates and mintmarks. With the exception of but one gold piece, all were sold to me as counterfeits, copies and such by dealers mostly and collectors who knew them for what they were. These have proven quite useful in educating fellow collectors, and more so in stimulating general awareness. |
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Bedrock of the Community
United States
20753 Posts |
Like many things that may or may not be exactly legal, if you have some and don't tell anyone, who would know? Why even ask if something is legal or not? As long as you don't broadcast the fact that you have them, don't show them to anyone, no big thing. Not sure if there is a police agency that can go through all your stuff to see if your a counterfeit collector or not.
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Pillar of the Community
United States
4932 Posts |
As it may not be legal to own, or buy/sell knowingly or unknowingly, it is not an enforced law, in which, some government official is going to go chasing after you or knocking on your door with a swat team just because you own a dozen or so. Henning nickels are still "illegal" to buy, sell and own, however, are available on ebay. They are still a large part of Numismatic history, though. Hope I'm making any sense at all here. It's almost 1:00 AM and I am slowly letting my body fall asleep - considering I've spent a lot of my weekend resting up from being sick. Friday night I fell asleep at 6:00PM and woke up at 8:00 AM. Edited by CoinHuntingDrew
11/23/2015 12:46 am
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Bedrock of the Community
United States
17884 Posts |
Quote:
Henning nickels are still "illegal" to buy, sell and own, I'm not so sure about that. Owning counterfeits is perfectly legal. Under title 18 selling them or giving them away is legal if there is no intent to defraud. The hobby protection act makes selling using or even giving away unmarked copies/counterfeits illegal, but it only applies to pieces made after 1973. The Hennings or older than that so they are probably still legal to own buy or sell as long as there is not intent to defraud. |
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Pillar of the Community
United States
4416 Posts |
I believe that Condor is correct. Henning was jailed for using his counterfeit nickels to defraud. Imagine locking up all the folks who nowadays own Chinese counterfeits!
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Replies: 12 / Views: 1,984 |
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Posted 11/16/2015 9:01 pm
