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How To Be On Guard?

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cmdrstp's Avatar
United States
113 Posts
 Posted 11/02/2009  6:02 pm Show Profile   Bookmark this topic Add cmdrstp to your friends list Get a Link to this Message Number of Subscribers
Ok. I have bought a few coins ( Presidential dollars) from ebay. Don't cringe! I was foolish in my youth! Not to say there are not any honest ebay sellers, I just have learned to distrust from stories of counterfeits. So, to double check, I have acquired a neodymium magnet (except war era steel pennies, no U.S. coin should be attracted in the least), digital scale that measure to 0.01 grams (still shopping for), and, calipers. I also compare to pictures of legitimate coins.

What are your techniques for identifying a counterfeit?

I particularly like looking for silver coins and ASE.

Thank you.
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wheatguy's Avatar
United States
1534 Posts
 Posted 11/02/2009  6:08 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
Well, I use a digital scale and I carefully study any possible purchases, but I don't think common date U.S coins are heavily counterfeited. Not saying you shouldn't be careful though, I'm very paranoid about my coins.
Edited by wheatguy
11/02/2009 6:08 pm
Valued Member
cmdrstp's Avatar
United States
113 Posts
 Posted 11/02/2009  6:13 pm  Show Profile   Bookmark this reply Add cmdrstp to your friends list Get a Link to this Reply
me too. I hate to get burned on a $40 ASE.
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Kabiye_Lady's Avatar
United States
581 Posts
 Posted 11/04/2009  03:25 am  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list Get a Link to this Reply
Well, it sounds like you don't want to buy from e-bay. So where will you be buying from?

If your coin dealer sells it to you or you buy it at a coin show, it probably meets the caliper and weight test - after all, coin dealers aren't fools.

So how DO you check?

There are Walking Liberty half dollars out there (and coins from many other series) that have fooled coin collectors for decades. It doesn't have to be uncirculated or worth a lot of money. Counterfeiting has been going on as long as money has been minted and the better counterfeits will pass your "scientific" analysis.

Perhaps one of the most counterfeited coins is the Sacagawea dollar - the coin everyone loves to hate. Go figure.
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nod2003's Avatar
United States
3294 Posts
 Posted 11/04/2009  10:09 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
I am quite surprised to read that the Sac dollar is heavily counterfeited. Where did that information come from?
Bedrock of the Community
United States
20753 Posts
 Posted 11/04/2009  11:16 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

If your coin dealer sells it to you or you buy it at a coin show, it probably meets the caliper and weight test - after all, coin dealers aren't fools.

A dealer I know that has been in the buisness for possibly 50 or more years purchased a 1916D Mercury dime in a 2x2 and knew it was real. So he sent it in for grading and it came back in a body bag. Of course he resent to another TPGS and it came back graded and slabbed.HMMM
Another dealer I know that also has been around for a real long time has a tendancy to massively undergrade his coins. I've been trying to tell him that for years but in the meantime I come up with some really great deals.
One dealer at a coin show was telling me he has been taken in by counterfeits about 25 times so far this year and he too has been around for a long time.
I really don't think because you think you know coins you can really find all the fakes to easily. I'm sure there are many so called experts with a fake or two that don't know it yet.
And as to which coins have been messed with. Note all the reconditioned 1943 Steel Cents. I presently have 2,650 of them. Many have been replated with either Zinc, Tin, Chrome, Copper and for all I know, Radium. I'm trying to accumulate an entire roll of the chromed ones and getting close. Ever wonder why someone would do that to a $0.01 coin that is worth $0.25 and try to sell it for $0.25? One dealer by me sells them for 3/$1 and has a hard time doing that.
And wasn't there this thing not long ago about someone making Nickels? I'm just waiting for the counterfeited 2009 Lincoln Cents to hit the market.
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chris12018's Avatar
United States
2130 Posts
 Posted 11/05/2009  6:15 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
If I have any doubt, whether it be weight, size, or even appearance. I won't consider buying it. If I purchased from e-bay and had doubts after rec. it, I would take it to a dealer and get another opinion. I purchased a gold Indian Head 1/4 Eagle from e-bay. When I recd. it, I saw the weight was off about 2/10ths of a gram.(wear?) I went to my dealer and he confirmed that is was not authentic. I contacted the seller. The seller refunded purchase price, shipping both ways. I don't worry to much about buying through e-bay. But, To each his own.
New Member
laserpete's Avatar
43 Posts
 Posted 11/10/2009  3:38 pm  Show Profile   Bookmark this reply Add laserpete to your friends list Get a Link to this Reply
Not to talk about counterfeit per say but I don't understand sellers who don't show both sides of a coin. Does it cost more as a seller to post two picutres ?
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nolawyer's Avatar
United States
763 Posts
 Posted 11/10/2009  3:56 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply

Quote:
Not to talk about counterfeit per say but I don't understand sellers who don't show both sides of a coin. Does it cost more as a seller to post two picutres ?


The first picture on ebay is free. There is a slight charge (I think $.15) for each additional picture.
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biokemist6's Avatar
United States
12437 Posts
 Posted 11/10/2009  4:48 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Posting one pic is the cheap, lazy, and wrong way to sell a coin. Even if you do not want to pay the meager pittance it costs to add a second pic, you can always use a photo hosting service like Photobucket at no extra charge at all.
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