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Counterfeit And Altered Coins

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shappa's Avatar
United States
64 Posts
 Posted 12/20/2010  1:18 pm Show Profile   Bookmark this topic Add shappa to your friends list Get a Link to this Message Number of Subscribers
Does anyone collect counterfeit and altered coins?
What are their values?
An old friend passed and I'm trying to find the values if any of a few old counterfiet and altered coins.
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Maineman750's Avatar
United States
3592 Posts
 Posted 12/20/2010  5:14 pm  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
You'll need pics and descriptions to get answers...yes, some are collectable
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shappa's Avatar
United States
64 Posts
 Posted 12/20/2010  5:30 pm  Show Profile   Bookmark this reply Add shappa to your friends list Get a Link to this Reply
rats. I was really hoping I wouldn't have to break out the camera.
What forum should I post the pics? or in this thread?
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shappa's Avatar
United States
64 Posts
 Posted 12/21/2010  02:20 am  Show Profile   Bookmark this reply Add shappa to your friends list Get a Link to this Reply
Counterfeit-And-Altered-Coins

Counterfeit-And-Altered-Coins

Counterfeit-And-Altered-Coins
Valued Member
shappa's Avatar
United States
64 Posts
 Posted 12/21/2010  02:24 am  Show Profile   Bookmark this reply Add shappa to your friends list Get a Link to this Reply
Counterfeit-And-Altered-Coins

Counterfeit-And-Altered-Coins

Counterfeit-And-Altered-Coins
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rggoodie's Avatar
United States
23494 Posts
 Posted 12/21/2010  08:27 am  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
I collect counterfeit banknotes
Often they are easier to obtain than the coins.
rggoodie
aka Richard
"catch em doing something right"
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United States
958 Posts
 Posted 12/21/2010  09:19 am  Show Profile   Bookmark this reply Add coppertop5150 to your friends list Get a Link to this Reply
none of them carry much value if any value at all
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molydeii's Avatar
Turkey
870 Posts
 Posted 12/21/2010  09:25 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
I do. I collect counterfeit coins and paper money ONLY IF they are made for the circulation itself back in its' day. Yet, those ones look like they're made contemporary.
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biokemist6's Avatar
United States
12437 Posts
 Posted 12/21/2010  11:29 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Altered coins are damaged and generally considered to be worthless except as an educational example. Counterfeits are not so clear cut because not all counterfeits are the same. Modern counterfeits coming out of Asia and Eastern Europe are usually made of cheap white metal and minted with inferior dies or cast, this type of counterfeit is basically worthless as well. Contemprary counterfeits can be worth more money that the original coin it is based on in some cases. Contemporary counterfeits were meant to circulate for face value alongside common genuine examples, only meant to fool you for purposes for commerce and not collecting. Here is an interesting thread from a couple days ago discussing the different types of counterfeits.
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shappa's Avatar
United States
64 Posts
 Posted 12/21/2010  1:14 pm  Show Profile   Bookmark this reply Add shappa to your friends list Get a Link to this Reply
All of these coins are at least 14 years old and probably older.
He died 14 years ago.
I don't think he was doing much collecting from 1978 till present.

Thanks for all the info!
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Conder101's Avatar
United States
17884 Posts
 Posted 12/22/2010  12:11 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Most of those do appear to be contemporary counterfeits. There are some collectors of contemporary counterfeits, for th most part the values tend to be very low. The Bust half on the other hand does have a good following and they will tend to bring decent money. (This is because there are so many specialists that collect the halves by die variety. The counterfeits are collected by die variety as well.) Typically they will sell for more than a genuine coin of the same grade.
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commoncents13's Avatar
Canada
248 Posts
 Posted 12/28/2010  06:15 am  Show Profile   Bookmark this reply Add commoncents13 to your friends list Get a Link to this Reply
Here in Canada The RCMP collect them and is considered illegal to posses them.
I think it is detrimental to coin collectors, that they exist and will really hurt an unsuspecting collector
that spends good money on a fake should they fall into circulation by accident.
It hurts the industry and creates an element of distrust and uncertainty.
In my opinion should have no value 0$ other than a learning aid.
Sorry if that opinion does not conform to some of you.

Edited by commoncents13
12/28/2010 06:18 am
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rggoodie's Avatar
United States
23494 Posts
 Posted 12/28/2010  07:50 am  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
My collecting of counterfeits is in the role of a registered leo. It is a felony to be in possession of counterfeit money in the US (with intent to defraud) unless you are a leo having registered each note with the secret service.According to American Law all counterfeits must be surrendered to a bank or a law enforcement officer.

I hold seminars for retailers and banks to assist them in avoiding counterfeits and during these seminars they are able to examine some of the counterfeits I bring.
Each note is marked with an ultra violet pen and stamped counterfeit.

Counterfeit banknotes have no value, although my department has given me a yearly budget to purchase some to help some of the unsuspecting recipients of these notes from taking a loss.
rggoodie
aka Richard
"catch em doing something right"
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odentheviking's Avatar
United States
425 Posts
 Posted 12/28/2010  11:18 am  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
I also collect these counterfeits. Mostly the Pillar, Bust Spanish Dollars but I do have a few of the pre-1860 US coins. I mostly use them as Living History displays and are always looking for differant dates and examples for my teaching/presentations. As I do not have over 250 posts yet, I can not offer you any help here.
I would say your best chance at labeling these coins as "Contemp. Counterfeits" and getting a better value than the modern China copies would be to contact SwamperBob on this forum. You can easily find him in the "World Coin" section. He is an expert in the older vs. newer copy coins!
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jfransch's Avatar
United States
1801 Posts
 Posted 12/29/2010  12:35 am  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
Please read the rules about asking to buy from members that do not meet the requirements
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RealPeso's Avatar
United States
426 Posts
 Posted 12/29/2010  01:29 am  Show Profile   Bookmark this reply Add RealPeso to your friends list Get a Link to this Reply
Contemporary counterfeits are highly sought and a piece of history that are worthy of being collected but the modern chinese fakes that are invading the market I hate with a passion.
Edited by RealPeso
12/29/2010 01:30 am
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