| Author |
 Replies: 19 / Views: 2,357 |
|
Valued Member
United States
69 Posts |
In an article in the July 2009 coinage magazine about the fakes, the author purchases a complete set of Morgan dollar fakes on ebay for $96.00, takes them to an Arizona coin show and gets offers of $35,000 from multiple dealers before he lets them know they are fakes. I wanted to check into these coins to make sure I could tell the difference between these fakes and original coins and I have to say the counterfeiters are getting better every day. I found these on ebay. As you can see the seller says they are marked "replica" but if you look at the coins in the album they are not marked. Also, if you look at the Q&A at the bottom of the listing, somebody asks if they can get these without the marks and the seller says they are not marked. At the time of this writing the seller had all ready sold 4 of these sets. Here is a good link that shows there operation and some pics of the coins they make. These are Die struck coins and are very convincing. Just look at these:  The counterfeiters are making all types of coins too, not just silver Dollars but copper Indian cents, large cents, nickels, and world coins too. And even worse they are now making counterfeit PCGS and NGC slabs with fake coins in the slabs. They get serial numbers from auction archives so when you check them out on PCGS's web site they come back authentic. I just want everyone to be careful of what you buy so you don't get taken from someone reselling these coins as originals |
|
|
|
Moderator
 United States
23731 Posts |
The fake coin situation is very bad. Unfortunately there is no sure fire way to stop it.
|
|
Valued Member
United States
436 Posts |
|
|
Pillar of the Community
United States
2541 Posts |
|
|
Pillar of the Community
United States
1699 Posts |
I'm amazed at the quality of the fake coins and slabs. We will have to start a fake slab detection forum.
|
|
Pillar of the Community
United States
1699 Posts |
Ahh. Just looked at the ebay auction, it should be illegal to sell coins without the marks 'fake', even if the listing says it is fake in the auction. |
|
Pillar of the Community
Spain
1361 Posts |
Quote:
Unfortunately there is no sure fire way to stop it. When the buying Stops, the faking stops also. But this is next to impossible. |
|
Valued Member
United States
436 Posts |
Is it legal to sell a fake here in the U.S. without the word replica or some such on the coin?  I know it's illegal to manufacture them, so if it isn't illegal to sell them, maybe we can get some pressure on the government through one of the numismatic clubs/agencies? Just a thought. |
|
Pillar of the Community
United States
2669 Posts |
It is indeed illegal to sell a copy without it being so marked. Hobby Protection Act US Code > Title 15 > Chapter 48: Hobby Protection 2101. Marking requirements (b) Coins and other numismatic items The manufacture in the United States, or the importation into the United States, for introduction into or distribution in commerce of any imitation numismatic item which is not plainly and permanently marked "copy", is unlawful and is an unfair or deceptive act or practice in commerce under the Federal Trade Commission Act [15 U.S.C. 41 et seq.]. See: http://www.law.cornell.edu/uscode/15/ch48.html |
|
Valued Member
United States
436 Posts |
Thanks! Think we should email this seller a link?  |
|
Valued Member
United States
436 Posts |
O.K., I couldn't resist...I sent him a link in the questions section and asked if he or she knew that this was an illegal sale...was that wrong>  |
|
Valued Member
Australia
126 Posts |
|
|
Bedrock of the Community
United States
20753 Posts |
We can pass all the laws we want about counterfeiting coins and currency but you have to find someone to inforce that in other countries and that is where those laws just fail. Try going to China and arresting someone for breaking one of our laws. Not a good idea. And now that they are also making the slabs with their faked coins, even more difficult to see what is what. Diplomatic attempts to stop the counterfeiting is also sort of a joke. My suggestion is to go to our jails, find counterfeiters, pay them to make fake Chinese coins and currency, start to flood the China markets with them. The China government would catch on that we too can be nasty and possibly stop their counterfeiters. I've heard they have a lot of postage stamp collectors in China. So lets start making fakes of those too.  Do unto others as they would do to you. |
|
Valued Member
United States
303 Posts |
I think they covered their own coins. There are so many fakes of Chinese coins. Probably even their own current currency too..
|
|
Valued Member
United States
140 Posts |
Its this way in every hobby. There is always someone out to make a quick buck. It may take a while but what comes around goes around.
Karma is a very funny thing, as it always happens to people who think they are getting away with something.
The time will come when these crooks will pay for this, unfortunately many unsuspecting people will be taken for their hard earned money.
Very sad, but that's how it happens.
|
|
Pillar of the Community
United States
1055 Posts |
I suggest buying the fake coins and paying with those fake $100 (for movies only) bills! An eye for an eye! |
| |
Replies: 19 / Views: 2,357 |
Posted 08/07/2009 09:01 am
