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Concerned New Member

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struckitpoor's Avatar
United States
2 Posts
 Posted 07/01/2018  02:48 am Show Profile   Bookmark this topic Add struckitpoor to your friends list Get a Link to this Message Number of Subscribers
Greetings, all. I am a long-time coin buff, who's taken a few decades off from collecting due to life in general and other hobbies.

I came across a "Copper 1943" today on "thE bay," and am concerned for two reasons:

One: Some idiot bid over $2k for it. (EDIT! Looks like it actually hit $3k.)

Two: It appears like these are making a comeback?

I recall my uncle tossing me "A hundred grand" as a kid - a shiny, minty, gorgeous 1943 copper cent. He said only ten existed, and it didn't stick to a magnet.
I'd never heard of steel pennies, and WWII was just a four-page blurb in my 1st grade history books at the time. Sure enough, in the Numismatism section of my encyclopedia, there was a little side-bar regarding the legendary copper '43. A coin enthusiast was born!
I bragged about my new windfall Mr. Waters, my science teacher. He HAD TO SEE IT. It was he who broke the news my uncle had duped me...The coin was cast (poorly) from pot metal of some sort, and copper-plated. I felt like someone had popped my hot air balloon. My one-in-a-billion coin was "Hecho en Mexico," and as novel as the gift was, I tossed it in a sock drawer to be lost forever.

Some poor tit on ebay bid on a similar coin and is about to receive a $15 Spencer's gift knockoff. I hope for the seller's sake that the edge is embossed with "reprint." They even had perfect feedback! :(

Anyway, my example cost me only a bit of pride and some ribbing from my science teacher. These rubes bidding on ebay MUST have just won the lotto or something. Who has $2k to spend on a blurry image of an ungraded Grail coin?!

Link to closed sale: https://www.ebay.com/itm/-/202353028366

There was even a zero-feedback shill bidder all the way to $2k. So obvious to anyone with even half a pulse.

It makes me sad, and I'm afraid that technology will permit some fraudster to duplicate a perfect, one-off version of this or any other Grail coin (if it hasn't happened already).

Question: Has anyone heard of a fake making it past grading? It's bound to happen eventually. It makes me reluctant to invest in coins, stamps or cards again... just when the bug had returned!

Anyway, a bit of a concerned rant, as well as an inquiry into just how bad it's gotten. I know baseball card fraud is RAMPANT on ebay, but coins used to be pretty easy to spot...

Edited by struckitpoor
07/01/2018 03:30 am
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Adam_E's Avatar
United States
4846 Posts
 Posted 07/01/2018  04:27 am  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
The general adage for uncertified coins is: buyer beware. I honestly have very little sympathy for the person who spent $3000 on a coin that is so exceedingly rare and so commonly faked.

As for your question, there have actually been a few circumstances of PCGS certifying counterfeit coins as genuine, as documented here: https://www.PCGS.com/news/PCGS-Grad...antee-Update

Due to their buyback guarantee, they've fully reimbursed the FMV of the coins that have been found out to be counterfeit
Edited by Adam_E
07/01/2018 3:00 pm
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jasper62's Avatar
United States
2189 Posts
 Posted 07/01/2018  08:46 am  Show Profile   Bookmark this reply Add jasper62 to your friends list Get a Link to this Reply
Looks like the seller has already sold a 1943-S copper cent 6 months ago
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coop's Avatar
United States
62064 Posts
 Posted 07/01/2018  09:10 am  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply

Welcome to our frustration. I try to educate all who ask questions here. Rather than giving a yes or no answer, I explain what I see on their coin. I use a few images to help them see, what I see. I find this works well here. Glad to see others using my images, logic and kindness.
I ran onto a web site recently that sells fakes. So what do I do. Educate so that they will learn rather than spend money for bogus stuff sold. So we know your frustration. Welcome aboard.
Valued Member
da Swampster's Avatar
United States
420 Posts
 Posted 07/01/2018  10:06 am  Show Profile   Bookmark this reply Add da Swampster to your friends list Get a Link to this Reply

Quote:
Greetings, all. I am a long-time coin buff...
What Coop said..

Also what P.T. Barnum (supposedly) said..

There's plenty of diagnostic, confirmational and/or fraud-busting information out there and readily available these days for anyone who bothers to take even the slightest amount of time out of their oh-sooo-busy schedule to check the validity of just about anything prior to making a purchase.. I honestly can't bring myself to feel sorry for those saps, since ya just know they are buying it on the premise of flipping it for an even bigger pay day.. Odds are they don't even have a collection to put a coin like that into (assuming it is real, which it isn't) and I doubt they were buying it as their starter coin.. I say let them be the example we'll read about next month in The Daily Mail and let them be the one who needs to go through the time-consuming and most likely futile process of trying to recover their loss from a "brother-in-arms.."

That old adage: "If it seems too good to be true it probably is" is still just as valid today as it ever was, probably even more so in this messed up era of "lies are the new truth" being foisted upon us..

Swamp

PS: Welcome to CCF..
Edited by da Swampster
07/01/2018 10:17 am
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Kopper Ken's Avatar
United States
3402 Posts
 Posted 07/01/2018  10:14 am  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
Cheap for a real '43 copper...expensive for a fake one.

KK
New Member
struckitpoor's Avatar
United States
2 Posts
 Posted 07/01/2018  11:06 am  Show Profile   Bookmark this reply Add struckitpoor to your friends list Get a Link to this Reply
Thanks guys. Basically the same thing I thought - greed and lack of common sense help make terrible choices.

This seller has quite the racket, but I'm almost certain that fraud and counterfiting are frowned on by Uncle Sam.

I'm glad to hear the grading svc stood behind their errors!

I'm going out to some yard sales to look for old coins and 1990s rookie cards.

Cheers!
Valued Member
DeputyMax's Avatar
United States
424 Posts
 Posted 07/01/2018  12:30 pm  Show Profile   Bookmark this reply Add DeputyMax to your friends list Get a Link to this Reply
You've come to the right place for education and advice.
One thing I've always found amusing, or should I say galling, is after taking someone to the cleaners with a fake coin,they make them pay $3.99 to send it to them.
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Errers and Varietys's Avatar
United States
73756 Posts
 Posted 07/01/2018  1:34 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
To CCF! I don't think this is a real Copper Wheat cent etheir. These are very commonly faked.
Errers and Varietys.
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fortcollins's Avatar
United States
3628 Posts
 Posted 07/01/2018  6:33 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
And the bidders weren't even alerted when the "coin" was being sold by a seller named "s888n" ("Satan")?
Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 07/01/2018  6:38 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
It takes time to be proficient with any skill, including coin identification.

Those who believe in easy education without that time commitment are ripe for the picking.
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jasper62's Avatar
United States
2189 Posts
 Posted 07/01/2018  6:41 pm  Show Profile   Bookmark this reply Add jasper62 to your friends list Get a Link to this Reply

Quote:
seller named "s888n" ("Satan")?

I didn't even catch that. Thanks for pointing it out
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fortcollins's Avatar
United States
3628 Posts
 Posted 07/01/2018  6:49 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
They don't call it " ebay" for nothing!
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Conder101's Avatar
United States
17884 Posts
 Posted 07/01/2018  8:15 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Question: Has anyone heard of a fake making it past grading? It's bound to happen eventually. It makes me reluctant to invest in coins, stamps or cards again... just when the bug had returned!

Fake 1943 copper cents? NO. Fakes in general? Yes. The services are not infallible and in the past few years some good Chinese fakes have gotten past all three of the top TPG's.

And that doesn't include the fake Micro O Morgans that fooled the services for years. (NGC and ANACS determined they were fakes in 1998, PCGS kept slabbing them as genuine for another seven years.)
Edited by Conder101
07/01/2018 8:20 pm
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southsav's Avatar
2222 Posts
 Posted 07/01/2018  8:51 pm  Show Profile   Bookmark this reply Add southsav to your friends list Get a Link to this Reply
to CCF

Great question and topic. Don't be a stranger. Good luck hunting.
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jbuck's Avatar
United States
187702 Posts
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