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Posted 04/01/2018 7:40 pm
I think this may have made the rounds before (I recall being amazed at the number of Indian gold fakes). This caught my attention this time around (#22):
I'm having trouble rationalizing it. Once they banned private ownership of gold, didn't every single gold coin automatically have "numismatic value"? Why not just buy a real one? If you had a gold bar you wanted to keep, you took it to Guido and had it made into fake coins instead of just hiding the gold bar?
Quote:
The 1927 Saint-Gaudens Double Eagle is the most commonly counterfeited double eagle, according to submissions to NGC. Some may have been produced to fool collectors, but many were likely struck to side-step the ban on owning gold in the U.S. before 1974. Coins with numismatic value were legal to own, so if you wanted to own gold bullion at the time, you might have had to settle for a counterfeit U.S. gold coin.
The 1927 Saint-Gaudens Double Eagle is the most commonly counterfeited double eagle, according to submissions to NGC. Some may have been produced to fool collectors, but many were likely struck to side-step the ban on owning gold in the U.S. before 1974. Coins with numismatic value were legal to own, so if you wanted to own gold bullion at the time, you might have had to settle for a counterfeit U.S. gold coin.
I'm having trouble rationalizing it. Once they banned private ownership of gold, didn't every single gold coin automatically have "numismatic value"? Why not just buy a real one? If you had a gold bar you wanted to keep, you took it to Guido and had it made into fake coins instead of just hiding the gold bar?
