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 Replies: 13 / Views: 2,182 |
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New Member
United States
24 Posts |
Hello, all! So, I have a relative who knows I collect coins and has a couple dozen silver Chinese panda coins bought years ago off ebay. She was showing me the larger set, as she might end up passing it on to me, and the first thing I noticed was that none of them have the denomination on the coin. To the surprise of no one reading, they weigh in at only 3/4 of an ounce. As I said, these were purchased long ago, probably at least a decade, so there's nothing to do there. She's understandably upset. The question is... what to do with these now? What would you do with them, or other fake coins that aren't returnable? She left them with me, for the time being, but is bothered enough to consider throwing them out. |
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Pillar of the Community
United States
1475 Posts |
Sorry to hear that. However, it could be silver bullion coin. There were some fractional pieces, 1/10, 1/4, 1/2 oz, although I don't recall seeing 3/4 oz.
Just to make sure, why don't you take some photos and upload here. There are lots of experts in this forum. FYI, I am not one of them.
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Pillar of the Community
United States
3843 Posts |
Personally I'd make sure to stamp them with the word "COPY" or put a big X on them so that nobody else can be fooled by them.
Post some photos here first to confirm that they are bad.
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New Member
 United States
24 Posts |
Thanks, Coconutjoe and Joe2007 (funny coincidence). I definitely will not be letting these fall into someone else's hands without making sure their status is obvious.
I'm already completely positive they're fake. No silver 1 ounce pandas were minted without denominations (and these do indeed purport to be 1 oz coins, so 1/4 oz short is pretty egregious). I'm more wondering, well, what now, and what others have done with any similar objects!
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Valued Member
United States
231 Posts |
I would study them, then either destroy them in a fun way, keep them and mark the coin itself as joe2007 suggested, or mark and keep one and throw the rest away.
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Pillar of the Community
United States
819 Posts |
Make sure they are not silver. please do not throw them in the trash unless marked as someone else my find them.
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Pillar of the Community
United States
1609 Posts |
New "Will It Blend" episode?
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Moderator
 United States
54280 Posts |
If they are not destroyed, be sure to have the owner keep a note about the fact that the coins are counterfeit. This will save anyone else coming across them from thinking they were genuine.
I study counterfeits, and would be willing to take one or all of them off your/her hands, for research purposes.
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Pillar of the Community
United States
1314 Posts |
I will not sell mine. I have marked and isolated them from the rest of the collection. Mostly I use them as teaching aids. But occasionally I like to remind myself, "If it's too good to be true... "
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Bedrock of the Community
Australia
21786 Posts |
I keep all fakes so I can be familiar with the various faking methods for my own education. Use the products of those who wish to make and sell fake coins against them. If you wish to sell your 'black' collection make it very sure that you are disposing of fake coins. Otherwise you will be blacklisted. That's blatant dishonesty. I get a great deal of pleasure from exposing those people who deliberately try to defraud you.   |
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Bedrock of the Community
United States
17884 Posts |
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Pillar of the Community
United States
1475 Posts |
Quote:See http://www.theblackcabinet.org/ He takes donations of fakes, documents them ina a database and stamps them with copy. Thank you. This website is an eye-opener! Edited by Coconutjoe
04/29/2017 03:04 am
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Pillar of the Community
United States
2130 Posts |
To my knowledge I have only ever purchase one counterfeit coin and that was from a group of coins in which the fake was on the bottom. Thankfully it was only a $20 loss and I have kept the counterfeit coin every since. I have showed it to quite a few people as it is a pretty good counterfeit (especially to a newbie) minus the fact that a 1888 CC Morgan was not even minted!
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New Member
United States
24 Posts |
First of all, thank you all for your responses! I will let her know what's been said here once she's a little less sore about the whole thing (felt kind of bad telling her as she was so excited to show me). And, if they do in fact end up staying with me, I will have some good options to contemplate. Quote:
I study counterfeits, and would be willing to take one or all of them off your/her hands, for research purposes. I will definitely keep your offer in mind, nss-52! I've had a little more chance to take a look at all of these (a bunch of the capsules were stuck in the tight box insert) and they seem to be almost amusingly poor counterfeits - not just the obvious weight/design difference, but the plating is not so great either, with little bubbles and irregularities. They look starkly different from the two genuine silver pandas I have. Kind of interesting. And thank you, Condor101, for that link! That is very fascinating, and a neat idea (and useful reference). I wonder if the owner plans on expanding to world coinage? Quote:
New "Will It Blend" episode? Hahaha, good one. |
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Replies: 13 / Views: 2,182 |
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Posted 04/28/2017 5:24 pm
