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Watch Out For Chinese Counterfeit Coins

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Author Previous TopicReplies: 11 / Views: 3,273Next Topic  
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Justinokay's Avatar
United States
564 Posts
 Posted 03/27/2017  01:29 am Show Profile   Bookmark this topic Add Justinokay to your friends list Get a Link to this Message Number of Subscribers
Warning do not buy silver Chinese coins if you don't know your stuff. Over the years I was tricked into buying a suppose to be "genuine" silver coins at flea markets, sellers roaming around the city, China Town, and etc.
Here is what I end up with, and again don't buy Chinese silver coins.



Watch-Out-For-Chinese-Counterfeit-Coins
Valued Member
231 Posts
 Posted 03/27/2017  01:59 am  Show Profile   Bookmark this reply Add Thecollectible to your friends list Get a Link to this Reply
It seems you are not one of those expert for identifying whether those Chinese coins are fake or not but myself is expert after paid school fees for years and the same type design is having almost hundred types of fake coins just like those coins that are showing on above there
New Member
DeepwaterPaper's Avatar
United States
3 Posts
 Posted 03/27/2017  02:17 am  Show Profile   Bookmark this reply Add DeepwaterPaper to your friends list Get a Link to this Reply
Man, I have a Hu-Peh one tael, and I'm torn whether or not its worth sending in to be graded. I received it as a gift from an elderly Chinese neighbor... I dunno man
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Singapore
631 Posts
 Posted 03/27/2017  09:47 am  Show Profile   Bookmark this reply Add Numister to your friends list Get a Link to this Reply
Best advice I think is to buy from sources you trust and I don't mean high ebay feedback scores.
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Lucky Cuss's Avatar
United States
4883 Posts
 Posted 03/27/2017  10:14 am  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply

Quote:
Best advice I think is to buy from sources you trust and I don't mean high ebay feedback scores.



I'd add also become personally really knowledgable about whatever genre you want to collect, since even a reputable dealer can get fooled in an area that's not his specialty - whether it's Mexican 8 reales, Roman denarii, or Chinese dollars, once you've done your homework and examined at enough genuine examples you'll be surprised how obvious fakes become.

Colligo ergo sum
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Justinokay's Avatar
United States
564 Posts
 Posted 03/27/2017  11:56 am  Show Profile   Bookmark this reply Add Justinokay to your friends list Get a Link to this Reply
Usually when I buy these coins I'm usually in a hurry and don't do lots of research before and also
When these sellers sell these coins they us a stock picture. But most of the coins above I bought from sellers walking around the city trying to sell things.
Edited by Justinokay
03/27/2017 11:57 am
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Lucky Cuss's Avatar
United States
4883 Posts
 Posted 03/27/2017  2:14 pm  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply

Quote:
Usually when I buy these coins I'm usually in a hurry and don't do lots of research before and also
When these sellers sell these coins they us a stock picture. But most of the coins above I bought from sellers walking around the city trying to sell things.


No offense intended, but those are just plain risky practices. You can almost count on losing more often than winning under such circumatnces, and it's not really a function of the coins being ostensibly Chinese issues as opposed to something else, like, say, Morgan dollars or Peruvian sols.

Colligo ergo sum
Edited by Lucky Cuss
03/27/2017 2:17 pm
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Spence's Avatar
United States
34397 Posts
 Posted 03/27/2017  9:39 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
@justinokay, consider looking at this ccf thread prior to your next ebay purchase:

http://goccf.com/t/266180

You may find it helpful as it contains our best information about safe and unsafe ebay sellers of Chinese coins.
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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swamperbob's Avatar
United States
5362 Posts
 Posted 03/28/2017  12:46 am  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
I agree that you need to protect yourself better and you also need to think about what is happening here. You are promoting the success of forgers by making purchases like this.

I suggest that you should donate the funds to a good cause like this website.
Valued Member
231 Posts
 Posted 03/28/2017  02:12 am  Show Profile   Bookmark this reply Add Thecollectible to your friends list Get a Link to this Reply
Please stay away from purchasing any of those Chinese ancient silver coins that if you could not identify the authenticities whether it is real or fake piece from the surface by yourself personally but you can always look at it these is my advice to you


Curious how much that you have spent for buying these counterfeit silver coins can you please let us knows the amount
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X2an's Avatar
Sweden
1078 Posts
 Posted 03/28/2017  03:46 am  Show Profile   Bookmark this reply Add X2an to your friends list Get a Link to this Reply
Perhaps too late for now, but a very helpful tip is to always carry around a magnet. It can be as simple as I have it - as part of my phone case. Because if a coin looks large and old, it's not supposed to be magnetic. I want to say there's no exception to this, but I remember there being a thread about a magnetic silver crown coin here before. Either way, before buying, especially on flea markets, always check the coins with a magnet. This will save you a lot of headaches.

Even though a magnet test isn't conclusive, it seems like 99% of counterfeits out there, especially on markets, seem to be awful steel ripoffs. A cheap yet effective buyer's protection.
Valued Member
231 Posts
 Posted 03/30/2017  01:51 am  Show Profile   Bookmark this reply Add Thecollectible to your friends list Get a Link to this Reply
The fake coin can be made of silver material not necessary really made of steel metal
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