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 Replies: 9 / Views: 1,415 |
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Valued Member
United States
462 Posts |
After reading several threads on counterfeit coins, I am now reluctant to finish my father and grandfather's collection of Morgans and Peace dollars. I am finishing ther Lincoln Cent collection, and then the Nickel and Dime, but the Dollars Market seems rife with cheaters and low life. So is there some way to work on the dollar collection and know I am not getting ripped off? Or maybe I should stick to US Mint issues? |
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Moderator
 United States
23522 Posts |
Knowledge is the key here. Even if your knowledge of counterfeit arcana isn't enough for you to make risky purchases yet, all you have to do is acquire the knowledge of trustworthy dealers from whom you'll know you won't get a counterfeit. Of course, even the professionals get deceived every once on a while, but there are a large number of dealers out there who will receive an unconditional recommendation from myself and many other CCF'ers. Are you going to want them in Mint State or circulated condition? If circulated coins are your thing, look no farther than http://www.alaskacoinexchange.com/. He's got a large inventory, an excellent reputation, and he photographs just about every coin he sells. I don't recommend him as the *only* place you could go, but just as an illustration that there are numerous safe places to purchase coins, and a lot of knowledge around here about where those places are. |
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Moderator
United States
16677 Posts |
I have dealt with Alaska Coin Exchange. They are good folks. I have also dealt with http://excelsiorcoingallery.com/ I have purchased some pretty high end coins from Excelsior Coin Gallery. They have been in business since 1968 and are trustworthy ethical folks as well. In my neck of the woods, I have been dealing with Alhambra Coin Center for years https://www.alhambracoin.com. These folks are as reputable as it gets. As stated, reputable dealers are key. swcoin.ecrater.com
Edited by vermontensium
12/21/2008 1:26 pm
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Pillar of the Community
United States
2443 Posts |
Like SuperDave said, the best way is to educate yourself. If not, then you have to buy them certified or get in writing from the dealer/person your buying the item from that they guarantee that the coin will be authentic if sent to Anacs(doesn't matter what grade you receive or if it comes back in details).
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Pillar of the Community
United States
764 Posts |
the common dates that are inexpensive arent hard to authenticate. the only counterfeits are crude because the counterfeiter cannot make much off of them. most of these were made to be spent for $1. semi-keys and keys, which is many morgans, should be checked by an experienced collector or dealer you trust. the peace series isn't very tough. get an experts opinion on the 1928 and 1934S and you should be fine with the rest. the best thing to go by is if it doesn't look right, dont buy it. you'll avoid 95% of counterfeits that way.
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Pillar of the Community
United States
1173 Posts |
Ditto what others have said. I would add that counterfeits exist in all series...including cents, nickles and dimes. Be careful whenever you're purchasing a key or semi-key date. Knowledge is power...and knowing the series you're collecting is one of the joys of collecting.
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Valued Member
United States
104 Posts |
The best advise I can offer is buy from someone that will guarantee their product.
Ask the dealer if they guarantee its authenticity.
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Pillar of the Community
United States
764 Posts |
most dealers will guarentee authenticity, and if its doubtful will at least allow a return on a coin that turns out to be counterfeit by a grading service.
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Valued Member
United States
97 Posts |
Honest dealers will guarantee their coin to be genuine and will give a refund if it is determined not to be.
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Valued Member
United States
270 Posts |
What coins do you need? I sure there are a lot of CCF people that will help you out. There are a lot of honest sellers here, let everyone here help you.
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Replies: 9 / Views: 1,415 |
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Posted 12/21/2008 1:23 pm
