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Counterfeit Coins

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aladinslamp's Avatar
United States
3076 Posts
 Posted 02/12/2010  8:56 pm Show Profile   Bookmark this topic Add aladinslamp to your friends list Get a Link to this Message Number of Subscribers
Hi all, I was reading a thread that had a picture of a counterfeit SLQ, It was interesting to see. I have often heard of the fakes and that they are within any thing collectible, not just coins. How ever I was interested if others have some of the fakes could post some pictures so we can all see them and maybe get some knowledge on what to look for......and what to watch out for!! thanks......
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vermontensium's Avatar
United States
16677 Posts
 Posted 02/12/2010  9:18 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I have a counterfeit Quarter Eagle that was found at a Civil War camp site. It was a practice back then to make a lead or pewter counterfeit, and gold plate them. I don't know if you are looking only for SLQ counterfeits?
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aladinslamp's Avatar
United States
3076 Posts
 Posted 02/12/2010  9:45 pm  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
actually I'm interested in learning and seeing ll types, not just the SLQ, that particular coin is a stepping stone into the counterfieting stuff out there......
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jfransch's Avatar
United States
1801 Posts
 Posted 02/12/2010  10:42 pm  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
Here is a whole store of modern counterfeits, it is scary how many coins are being faked in China and sold world wide through ebay. This is just the tip of the iceberg.
http://stores.ebay.com/My-Replica-Silver-Coins-520
At some point our government needs to step up to the plate and say enough is enough and crack down on China for all this crap. I have been collecting 40+ years and at this point I am afraid to buy any coins unless I can see them, weigh them and examine them and even then I want a return priviledge for after I check them again when I get home.
On the flip side, I love what are known as contemporary counterfeits which were made to circulate along side the real coin, not made to fool collectors. I have several incredibly interesting counterfeit bust halves and counterfeit 8 reales (spanish colonial coins) and even a few beautiful Morgan dollars made out of lead that my grandfather got in the cash register at his speakeasy during prohibition. They are a collectible class of their own.
Vermontensium, I would love to see the quater eagle you have. I also have one (capped liberty) that was probably gold plated at one time and passed as real but it is a date that was never minted.
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aladinslamp's Avatar
United States
3076 Posts
 Posted 02/12/2010  11:56 pm  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
I couldn't agree with you more.......the fact they print replica on them doesn't change the fact many don't get the stamp and passed off as real......something has to shut there doors down , stricter tariff's or diminished trade so they will be forced out of existancer or micro nuclear actions,
allowing them to make replica's only keeps the presses rolling INVITING the dumping of more fakes.......
as to pictures yes bring them on, and the lead one's too, that's more inline with what I am interested in...
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 02/13/2010  03:58 am  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
scary ...
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AMFCook's Avatar
United States
312 Posts
 Posted 02/13/2010  3:08 pm  Show Profile   Bookmark this reply Add AMFCook to your friends list Get a Link to this Reply

Quote:
At some point our government needs to step up to the plate and say enough is enough...


I think one thing that would help is to obtain copyrights on all images created for use specifically by the US Mint for all coins they've produced.
Bedrock of the Community
United States
20753 Posts
 Posted 02/13/2010  7:09 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
The problem is really more complicated than most realize. Don't forget that although China, and many other countries, are manufacturing fakes of all kinds of everything, it still takes someone here to distripute them. And many, many that do are not from China either. When you think about it look at almost everything in Walmart, Kmart, Target, etc. How many are really made here? And at flea markets too almost everything is from China and again, seldom a chinese person selling. Almost any sword, knife, dagger, etc is from Pakistan and not really being sold by someone from that country.
Our government would really have a problem stopping fakes and counterfeits in the USA since so much is being distributed by US citizens.
I know that this is no consolation to the faked coins flooding the market, but how do you stop one item and not all the others?
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Halfwitty's Avatar
United States
1523 Posts
 Posted 02/13/2010  8:09 pm  Show Profile   Bookmark this reply Add Halfwitty to your friends list Get a Link to this Reply
I've been told that this is a fake.Too bad.

Counterfeit-Coins

Counterfeit-Coins
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numismo's Avatar
United States
3039 Posts
 Posted 02/13/2010  9:05 pm  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
I agree it's dishearteninhg. I've stopped trying to upgrade my Indian cents and SLQs because of the fake problem. Now with fake slabs also, I really don't know enough to spot them Unfortunately as seen at the FUN show last year, neither do many dealers. (Fake coins were offered for sale and at least half of the dealers that saw them were ready to buy as authentic.) Sad.
Valued Member
United States
372 Posts
 Posted 02/16/2010  7:02 pm  Show Profile   Bookmark this reply Add mmerc20 to your friends list Get a Link to this Reply
I think what some of you don't realize about the fakes on ebay and their "replica" or "copy" stamped on them is that the Chinese sellers only put that stamp on the coin in the picture to have the auction pass ebay standards. When one of the coins are purchased they come without the marking. I bought a few awhile back to fill the holes I never will fill (09S VDB, 1803 dollar etc) and was surprised at how realistic they were.

I decided to take the 09 lincoln to a dealer friend and show him my new "find". He examined it and wanted to buy it. Of course I immediately told him it was a Chinese counterfeit and he was floored. He now has it as a eye opener for his customers. Of course we marked it so it didn't fall into dishonest or uneducated hands.
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CheetahCats's Avatar
United States
731 Posts
 Posted 02/16/2010  7:25 pm  Show Profile   Bookmark this reply Add CheetahCats to your friends list Get a Link to this Reply
I wonder how this can continue... afterall, old U.S. coins are still legal tender. And yet, I haven't seen many folks bring up the issue from this perspective. The U.S. government needs to tackle this, period.
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Conder101's Avatar
United States
17884 Posts
 Posted 02/17/2010  11:38 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
If you wanted pictures you missed a good opportunity. Te Chinese counterfeiter whose mint was the subject of the About.com pictures that have been floating around the net for the past two years, and who gives all the interviews to Coin World had his entire inventory of what he produces up on a photosharing site for a couple years. The site went out of business last year though so the pictures are gone now. I did manage to download most of them though before the site went under. I now have over 1300 pictues of his counterfeits. And that's just from one counterfeiter.


Quote:
I wonder how this can continue... afterall, old U.S. coins are still legal tender.

So what. The problem is out laws against making copies of them do not apply in other countries. Over in China they can legally make them, sell them and ship them out of the country. The people breaking the law are not the people in China, it is the people here in the US who are importing them which IS illegal, or reselling the unmarked pieces with is also illegal. The problem is the Tresury does not see it as being worth their time to go after a few citizens for something they see as a relatively low value crime. It would be nice if they did. Come down on some with some nice draconian penalties maybe it would make all the others think twice. (do a raid, total up the value of the what all the fakes in your possession would be if they were real and you're fined three times that amount. Got one 1893-S dollar in Unc? Well the fine for that one is $300K alone.) But if they did it would probably be overturned as "cruel or unusual" punishment.
S
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twohawks's Avatar
United States
1551 Posts
 Posted 02/17/2010  11:37 pm  Show Profile   Bookmark this reply Add twohawks to your friends list Get a Link to this Reply
Gene, We had this discussion on a different forum. And just like then I could not agree more. Replicating US currency is a felony (Counterfeiting) I find it amazing the the US Treasury and Secret Service is not able to just stop all incoming shipment from China to thru them. Once the government of China puts a true effort in stopping the piracy of trade marked and copy right material. Then they can again have preferred nation status
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aladinslamp's Avatar
United States
3076 Posts
 Posted 02/18/2010  12:12 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
I agree, but when I started this thread it was not only to acknowledge the problem, but to see examples of counterfeits to school myself up, and for others to see examples so we would not be spending money on KNOWN examples, and to educate ourselves on how to tell the difference.. However one member stated(and I have heard it before)
there's some kind of copy write or something about permission to post pictures of them? ISN'T THAT KEEPING US IN THE BLIND? I mean they can make them why can't we exploit the knowledge and pictures of what they are producing? Yes I know too, I followed as many of you did, the secret cam pics of
"inside the Chinese presses" that's not the correct title but you all know what I mean...... It seems you can put it online, but only a few pictures have I seen when asking the question.......and many have coins that have become known now to be fakes.....Is there some kind of
permission or something that keeps a real flow info and pictures identifying there coins and how to detect them?
OR
is it in fact if we talk about them then they can make them even better? and let the public suffer? for the endgame........
What is the truth about this all
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twohawks's Avatar
United States
1551 Posts
 Posted 02/18/2010  12:49 am  Show Profile   Bookmark this reply Add twohawks to your friends list Get a Link to this Reply
I will pull 3 fakes I have out and post them sometime tomorrow. You are right!! knowing what to look for is always the )KEY)
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