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Author	Replies: 23 / Views: 3,338	Page: of 2

yakimaboy Pillar of the Community United States 519 Posts	Posted 02/12/2016 11:43 pm There can be fakes on any coin. I picked up this 1922 Peace sometime in the long past on ebay. After a while I was looking through my hoard and found I had bought a fake. It sticks to my magnets just fine. So just about any coin could be a phoney, in my opinion. Report this Post to the Staff
yakimaboy Pillar of the Community United States 519 Posts	Posted 02/13/2016 3:19 pm I am curious as to what process was used to create the above spurious Peace dollar. Where do most of such poor quality things come from? Report this Post to the Staff
dave700x Rest in Peace United States 10625 Posts	Posted 02/13/2016 4:27 pm Quote: Where do most of such poor quality things come from? China would be the source and counterfeit coins are just a small part of "poor quality" items. Report this Post to the Staff
BadToTheBone Pillar of the Community United States 1795 Posts	Posted 02/17/2016 10:33 am All good information I would say...Wow there are definitely fakes out there! Report this Post to the Staff
Hnry Valued Member United States 106 Posts	Posted 02/17/2016 12:25 pm Westcoin - your comment about many Chinese fakes getting slabbed by major graders scares me... If the Chinese are sufficiently clever to create fakes good enough to fool top notch professionals with an entire battery of tests, equipment and knowledge at their disposal, what chance do we have? ...and worse, if I submit a coin to them, the value of having it graded is in serious jeopardy is it not? Report this Post to the Staff
swamperbob Pillar of the Community United States 5362 Posts	Posted 02/18/2016 03:32 am Hnry You are beginning to see the point of the adage: Quote: Buy the coin NOT the slab. Slabs and their super inflated prices and grades are for investors not coin collectors. Regarding what you said: Quote: ... fool top notch professionals with an entire battery of tests, equipment and knowledge at their disposal, what chance do we have? You have much more chance to get it right than you think. The "experts" at the TPGs are the finalizers ONLY. The rest are primarily graders with little expertise as authenticators. Regarding the "battery of tests" that consists of a 10-30 second look through a 30x binocular microscope. Except in rare cases it is normal for only 2 or 3 people to even see the coin submitted. TPGs do not weigh coins. TPGs do not do specific gravity. TPGs do not normally look at the edges of coins. TPGs do not test coins with magnets. XRF, if it is used at all, is an added fee item. Specialized experts are also an added fee item. Use of reference books is possible but unlikely. The TPGs do accept a very wide range of coins. The TPGs focus their efforts on US coins. So if you do your own grading and authenticators you can: Focus on a limited number of coin types. Create a focused library - read and learn about YOUR type. You can weigh every coin. You can look at your coin with your binocular scope. You can spend time studying and learning all about your coin. You can test your coin with a magnet. You can ring and feel your coin. These are all things you don't get with slabbed coins. Do not be afraid of the process. None of this is more complex than high school level science. Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 02/18/2016 04:12 am I am a collector, not an investor, but in many cases it makes sense to purchase TPG certified coins. Such as commonly counterfeited key dates, like the 1877 IHC or the 1916-D Mercury. Buying such key coins uncertified means you have unwavering faith in your own ability to detect the authentic from the fake. In many cases it costs no more for a certified coin as opposed to a raw coin. Search in almost any denomination for closed sales on ebay and you will find examples of raw coins selling for equal or even greater money than high grade TPG coins of the same date and mint mark. Last, we are only custodians of the coins we collect. Someday all of them will find new homes. Selling PCGS and NGC coins as opposed to raw coins that are every bit as beautiful will very often prove the point of the certified coins being much easier to sell. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 02/18/2016 1:36 pm Quote: Regarding the "battery of tests" that consists of a 10-30 second look through a 30x binocular microscope. An I would say that only occurs on coins that are suspect. Quote: Buying such key coins uncertified means you have unwavering faith in your own ability to detect the authentic from the fake. Buying them slabbed means you have unwavering faith that some unknown person has the ability to detect the authentic from the fake. Report this Post to the Staff
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