Help! I've Bought A Coin And I Realized Its A Counterfeit.

You do not take in account, that collector (buyer) could be totally novice, without knowledge in original RCM items, which understandable.
But paying CAD 110 for 250 face value - isn't extremely suspicious?

...it's OK, we all learn




In theory, the seller could have also no clue in this item. and since you discovered and proved that it fake, he just afraid to reply, cause no one wants criminal record.
But still report it...who knows

I found a few "coins" in "lots"of coins I had bought from time to time, have a 1888 Morgan dollar, a few Roman silvers, a few Chinese old "silver" dragon 1800s coins.

I didn't pay very much for each lot ( $10 or less for like 20 coins) didn't know much about 'fakes" back then. Most of the coins in the lots were in the 1900s and not really worth much, the main reason for buying the lots was for the "large" old "silver" (ha ha not) coins that were in each lots.

Anyways a long story short, I researched the old 1800s coins and Roman coins and found them to be fakes, ok a cheap lesson learned, at that time in my collecting journey I wouldn't have bought expensive coins any ways so I guess I feel fortunate to have gained a "spider sense" about coins that appear to be too good to be true.

Btw those fake Romans were the hardest to find, spent hours searching for the exact ones I had, for a time I thought I had some really rare Roman silvers ( lol ) because no info was found, actually had to sign up to a Roman coin forum and post pics of them, I really had no clue they were faked, I was just wanting a dollar value on them, they soon informed me of the "value"


Guess I should add.

Now begs the question " what should I do with them" I know they are fakes, but if I die etc, someone looking though these might think they have struck a gold mine, lol.

So anyways either destroy them or keep them in something marked "fakes" so if I am not around others know.

I would never try to sell them , its just not worth the few bucks you might make even listing that they are "copies" etc, I mean your tarnishing your good name and then others may look at all your coins as suspect.

Northerncoins - Very well said. I can only add a HUGE - AMEN! These are always lessons hard learned . I noticed just writing about my mistakes, makes those old wounds start bleeding again. By the way, I'd definitely put the fakes in 2 X 2s, clearly labelled "FAKE," maybe even use a highlighter over the word "FAKE." Jack