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Replies: 29 / Views: 2,686 |
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Valued Member
United States
198 Posts |
This link goes to a ebay dealer based in China, which shows 66 pages of older U.S. coin Chinese counterfeits. I realize this must be a reoccuring topic here as it is in other groups, but this underlines the fact that counterstamps can be added or not, as desired. ~ Jim ebay seller jinghuashei http://www.bubbleshare.com/users/pr...05237?page=1
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Moderator
 United States
23522 Posts |
Quote: I realize this must be a reoccuring topic here as it is in other groups, Yes, it is, and as far as I'm concerned we can't talk about it enough. Chinese counterfeiters are the single most important issue in numismatics today, and any chance to help educate the membership regarding them is welcome. I'm Bookmarking this album. Heck, I might just download all the images.
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Bedrock of the Community
United States
20753 Posts |
They are getting so good at this that I'm just waiting for our government to say they are going to outsourse the manufacturing of our coins to China. They probably would have by now except for no one wants Lead Coins.   Difficult to see the difference in many of them but now that they are putting them in a slab, even worse to see a fake.
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Valued Member
 United States
198 Posts |
As long as this is welcome, I'd like to post a update to a older post I made in the U.S. Coin Collecting group regarding the issue, with links to the manufacturing and sales in China, NGC & PCGS slabs, as well as a link detailing how these counterfeit dies are made using the latest computer aided laser technology. Wake up call - the Chinese ConnectionChinese Counterfeits http://www.bubbleshare.com/users/pr...05237?page=1One of the Counterfeiting "Stores" in China http://coins.about.com/od/worldcoin...ng/index.htmJust when you thought it couldn't get worse, fake certified holder's NGC slabs - http://www.ngccoin.com/news/viewart...DArticle=954PCGS slabs - http://www.pcgs.com/articles/articl...iverseid=313And last, a rather dry but interesting thread from (I think) a Russian message forum regarding these counterfeiter's. <<<Edit: I had to remove this link due to one click to not so family friendly content. Thank you for the others Tights24>>>I believe this will be a major concern to numismatists for many years and will definately discourage new collector's. The problem, as we know, goes back several years now, however a quote from the Russian forum says.. from February 27, 2009 "The US Secret Service has just this week been made aware of this problem, which was new to them, and if they decide to launch an investigation, they have indicated that while they cannot do anything about the operations in China, they can, and will, seize any counterfeit US coins they come across."I'm certain that this is just the tip of the iceberg. As new information arises, I will gladly share it here. The only way to beat this Chinese connection is through online resources such as this. ~ Jim
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Bedrock of the Community
United States
10284 Posts |
I would never buy a rare (Chinese counterfeit) coin online anyway. I'll never buy anything at all from China online period! I'll only buy high dollar coins in person from reputable dealers and get a guarantee it is genuine in writing. By the looks of it, a graded coin from the top coin grading companies are not enough anymore, I need my seller to stand behind his coins. Thanks to this forum, I might not make a mistake like so many falling for. I think a good rule of thumb would be, make sure I read the sellers country they are shipping from, the feedback, and certainly what other coins they are selling. Common sense would tell me that somebody from China cannot be knee deep in rare AU and BU US and World rare coins while the real ones are still difficult to find or get here at home at a quality coin shop or at a larger coin show.
IF IT SOUNDS TOO GOOD TO BE TRUE ... IT PROBABLY IS!
I think it would be really cool to have a database and photo gallery of what is fake. The rip offs are doing the work of making the coins, photographing them for us, and uploading images and holders. We might as well copy them and save them on another web space and URL and re-post under a Don't buy these coins or you'll be sorry website.
Heck I think it might even be worth a forum topic category all it's own here on CCF.
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Bedrock of the Community
United States
10284 Posts |
I don't have my head in the sand either, I know I can get ripped off just the same downtown, but at least I might have a legal leg to stand on here. Many countries are represented here on CCF and all I've exchanged communication with or have encountered seem to be the best people I've found anywhere else online. So I don't have a chip on my shoulder for countries other than my own. I am sure there are good Chinese people out there too, but China seems to be the country for trouble when buying rare US coins on ebay.
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Pillar of the Community
Canada
4227 Posts |
Imagine what it would be like, thanks to the counterfeiters, living in China and in a position to think about selling some coins online ... nasty!
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Moderator
 United States
23522 Posts |
Quote: Imagine what it would be like, thanks to the counterfeiters, living in China and in a position to think about selling some coins online ... nasty! The word "toast" comes to mind.
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Valued Member
 United States
198 Posts |
"I think it would be really cool to have a database and photo gallery of what is fake." I think that's exactly what Mike Naber is trying to do at http://ForgeryNetwork.com but he's only one man and he has little help. Fact is, each and everyone of these Chinese counterfeits will need to be studied in detail in order to obtain diagnostics for future numismatists. Regarding not buying from China via the web, I agree 100%. However these Chinese fakes have been eagerly purchased by many reputable(and big name) coin dealer's already, that's how good they are! A guy in Canada got busted awhile back because he sold coins to a local dealer, in fact it wasn't until the second or third transaction that the dealer's suspicion was aroused. Turns out, and you'll never believe this, the guy was importing them from a Chinese seller on ebay. Imagine that? He wasn't a collector, he just saw a easy way to make fast money. Higher grade early Canadian coins bring big bucks, because they worked. Those coins were for the most part heavily circulated. Unfortunately Canada has also been targeted by these Chinese merchants of mayhem. Just for the fun of it,I just ran a search on ebay and got 9,325 for "replica" and 4,665 under "copy". These are not all Chinese, but the majority using "replica" are, and all that use a counterstamp. Another important warning should be placed for Bullion buyer's, because a incredible selection of fake Gold has been produced already, including small ingots. ~ Jim
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Bedrock of the Community
United States
10045 Posts |
Quote: a incredible selection of fake Gold has been produced already, including small ingots Wow...any idea how they're being faked? I found evidence that a few companies in Asia are creating fake bullion by taking a tungsten slug (same density as gold), cladding with a layer of real gold and striking whatever details are on the genuine bullion. Of course this could be done anywhere in the world, but having the manufacturing capability and cheaper labor costs probably explain why so much is being made in Asia.
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Valued Member
 United States
198 Posts |
Only what I got off that Russian forum, "three different dates of U.S. $20 dollar St. Gaudens gold coins, the three Indian head gold coins and for a certainty, gold bars from the Credit Suisse. All of these fakes are made of watered-down gold and silver and are below official weights." As I see it, it's more than our beloved hobby at risk, it's the financial stability of the entire world....no wait, that's already shot,nevermind. ~ Jim
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Rest in Peace
United States
3039 Posts |
  As I've posted here several times as well as in letters to CW, I'm angry & running scared. I've stopped trying to upgrade my favorite sets (Indian cents, Barber halves & SLQs.) If some TPGs have been fooled with these fakes, what chance do I have with my basic knowledge of coins & not so great eyesight. How about the situation at the FUN show in January when half the dealers shown an assortment of fakes said they would buy them as authentic. I'm putting my older collection on hold for now and just enjoying numismatics by roll searching. This way I'm only into it at face value. I know that sounds wimpy but don't know what else to do.
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Bedrock of the Community
United States
17884 Posts |
Quote: Heck, I might just download all the images. I've had it bookmarked for months and I did download the images just in case it disappeared.
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Bedrock of the Community
United States
10284 Posts |
I think I looked at 90% of these coins he had on the website and quite a few he is selling on ebay. The Seated coins and most bust dollars look pretty real to me, but to someone who collects them regularly could probably spot something fishy. Other coins like the gold and large cents seem to have obvious crude rims. If they were used as a pocket piece though for awhile they might look more real. The Indian and Lincoln cents looked pretty fake to me. The Liberty nickels looked so good I'd fall for them. It appears he counter stamps the ebay coins and lists them as replicas and copies which is legit but somebody could still probably get coins unstamped directly off that website or by contacting the seller. I don't have the time to do a comprehensive topic on this and spreadsheet with links at this time or I would get it going. Google would find it and that would help people to be aware. I might have some time next winter. If somebody does get involved with some sort of web page about fakes, I would be glad to help out as much as I can.
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Valued Member
 United States
198 Posts |
wheezydog, you might check out Mike Naber's website http://forgerynetwork.com and help out there, God knows he needs assistants. The coins are produced as uncirculated and some are then tumbled and chemically aged, so nobody is completely safe. Also, the newer counterfeits are made using computer scanning and engraving so that the dies can match perfactly. They are even produced using vintage coin presses so than even the strike diagnostics match period pieces. Experienced numismatists have purchased these coins as genuine when they first began entering the country. To date, the best defense is coin weight. It seems that they are having problem's purchasing high grade uniform planchets for producing this garbage. I would recommend adding a decent digital scale to your coin collecting tools in the near future, I know I'm going to. ~ Jim
Edited by Jim Archibald 04/07/2009 5:40 pm
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Pillar of the Community
United States
1882 Posts |
Quote:It appears he counter stamps the ebay coins and lists them as replicas and copies which is legit but somebody could still probably get coins unstamped directly off that website or by contacting the seller. Some of these ebay sellers merely say that they are stamped as copies or replicas. They ones they actually ship don't have that on them.
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Replies: 29 / Views: 2,686 |