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 Replies: 10 / Views: 1,258 |
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Pillar of the Community
United States
628 Posts |
I picked up a 1906 ASE and a 1889 CC Morgan at a large local flea market over the weekend, 5 bucks ea. Neither was hard to detect but I'd bet they were good enough to fool a lot of people. I saw 2 more 1906 ASEs, one seller didn't know (or wouldn't admit) the coin he was selling was fake and refused to acknowledge the fact, I didn't push the issue. Yikes! |
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Moderator
 Australia
16810 Posts |
Five bucks is a pretty steep for cheap Chinese fakes; the typical going rate is 2-3 dollars each.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
 United States
628 Posts |
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Bedrock of the Community
United States
20753 Posts |
Some of the China fakes are made with pure Silver since they are intended to be sold as collector items, the profit would still be way up there. If those are those types, you could have more in Silver than what was paid.
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New Member
United States
3 Posts |
These fakes are all over the place, and are coming from China. They use ebay to make connections to import large quantities to people who resell them to uninformed collectors. |
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Valued Member
United States
70 Posts |
It reinforces the point that you need to know your seller/ dealer.
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Moderator
 United States
6563 Posts |
Quote:
It reinforces the point that you need to know your seller/ dealer. That may be true but the seller/dealer could be duped just as easily. The best way to avoid counterfeits is to do research Before buying. If someone isn't versed on the details of a certain series as well as the types of counterfeits.....then they shouldn't even be buying coins. |
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Pillar of the Community
United States
628 Posts |
I got them to add to my small counterfeit collection. It's sad so many exist. I've only lately started to see them at local flea markets, and sadder still to see at least one seller apparently unaware of exactly what he was selling.
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Moderator
United States
16677 Posts |
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If someone isn't versed on the details of a certain series as well as the types of counterfeits.....then they shouldn't even be buying coins.
I agree. Get versed in Counterfeit Detection and what to look for. A great book is the PCGS Guide to Grading and Counterfeit Detection. It shows most of the traits of a genuine coin and what to look for  swcoin.ecrater.com
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Pillar of the Community
United States
2269 Posts |
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Bedrock of the Community
United States
20753 Posts |
Quote:
I got them to add to my small counterfeit collection. It's sad so many exist. I've only lately started to see them at local flea markets, and sadder still to see at least one seller apparently unaware of exactly what he was selling.
Don't bet on that seller not knowing what he was doing. To admit it in public might be to an undercover T-agent you know. Sort of like the Feds that wander around the gun shows. In many, many instances sellers at flea markets are not the idiots people think. |
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Replies: 10 / Views: 1,258 |
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Posted 09/08/2009 8:19 pm
