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Article On Counterfeit Coins

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Valued Member
johnstac's Avatar
United States
327 Posts
 Posted 08/06/2010  01:40 am Show Profile   Bookmark this topic Add johnstac to your friends list Get a Link to this Message Number of Subscribers
I hope I did my due diligence in checking to make sure this isn't a re-post and I also didn't see a forum dedicated to this issue so.....

I was just browsing the net and came across this:

http://askaboutcoins.com/category/newsletter/

The actual article starts about halfway down the page and what really got my attention is the allegation that China has our original U.S. Mint presses and they are using them to produce identical coinage with the correct alloys and all.

It seems far fetched but I would like to hear from the rest of you on whether this article has any merit and could it be true.
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 08/06/2010  02:32 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
It is not too hard to make explosive impact dies from original coins. I would not put it past clandestine operations in several suspect countries to then use those dies in a very competent coining press. I know of rare coins that have been stolen from museums and subsequently returned after dies have been made.

Your only defence against this type of practice is to examine a number of suspect coins from the same source. This is sometimes impossible, because you only have one example of the suspect coin to examine. If you only have one coin, and you suspect it, photograph it in as higher detail as possible and report it on a coin forum such as this one. Let all of our collective eyes examine it for you.

To make an explosive impact die, you need a genuine original. Unless the original is in FDC condition, or at least MS63 or better, the die produced from the original will also pick any minor defects such as bag marks, post mint scratches and die variety of the original coin.

This is the reason why you need more than one suspect coin to examine, because all of the above mentioned minor defects will be faithfully reproduced on the fakes. A blink comparison microscope is not essential, but is a very useful instrument for comparison examination of similar or same coins at the same time. If exactly the same defects show up in exactly the same positions, then both coins are suspect and should be reported. You can also compare an original coin with a suspect one with this instrument.

Edited by sel_69l
08/06/2010 07:27 am
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 08/11/2010  10:54 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
It seems far fetched but I would like to hear from the rest of you on whether this article has any merit and could it be true.

It is NOT far fetched, That article is several years old and it gets brought back up frequently. The counterfeiter who runs that operation is well known and the part about them using old US Mint presses is also correct. We sold them to the Chinese back in the 1920's. They have modernized and the government sold them off and he bought them.
Valued Member
guppie1160's Avatar
Canada
307 Posts
 Posted 08/11/2010  4:15 pm  Show Profile   Bookmark this reply Add guppie1160 to your friends list Get a Link to this Reply
very interesting article and though I don't collect amercian I do enjoy reading good coin articles

another website to enjoy...excellent

Pillar of the Community
Jeff's Avatar
Australia
877 Posts
 Posted 12/20/2011  5:28 pm  Show Profile   Bookmark this reply Add Jeff to your friends list Get a Link to this Reply
Have a look at this Chinese counterfeiting factory.
Counterfeit (replica) Australian coins are rather common now, too.
http://coins.about.com/od/worldcoin...eiting-Ring/

Jeff
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 12/26/2011  12:55 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
If you only have one coin, and you suspect it, photograph it in as higher detail as possible and report it on a coin forum such as this one. Let all of our collective eyes examine it for you.

A collective of collectors collectively examining your collection of collectables, as it were.
Pillar of the Community
527 Posts
 Posted 12/26/2011  11:10 pm  Show Profile   Bookmark this reply Add TheDanMan to your friends list Get a Link to this Reply
The people who make counterfeit coins are scumbags.
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