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 Replies: 10 / Views: 1,573 |
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Pillar of the Community
United States
869 Posts |
It looks like them fake ones made it to my part of the woods. It is saying they have a iron content. That's bad. It's one thing to be fake at least they could use silver so they would be worth something.  http://www.peninsuladailynews.com/a...port-angeles |
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Valued Member
United States
439 Posts |
This is very serious and we all need to be very very careful.
Do you think it is one Date in general or many dates?
I know the pic show all 1888, I wonder if there was a mintmark.
One thing that caught my eye was that the Purchaser paid $400 for
coins worth $1200. Who was more dishonest?
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Pillar of the Community
 United States
869 Posts |
Way under melt+Coins with absolutly no toning,mint state,raw coin. Ya right I don't think so. It's like buying a car with no title and later finding out it's a collision rebuild. Dont do it. Duh people
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Pillar of the Community
United States
3592 Posts |
It is almost all dates...and yes we need to be careful. I'm glad it is making the newspapers too. I hope getting a good deal doesn't make one dishonest, I'll have to stay away from sales. I'm more with coindexter,if it's too good to be true, stay away.
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Bedrock of the Community
United States
20753 Posts |
Interesting. For a long time China was using real Silver to counterfeit our coins. Now they are thinning that out with Iron? Don't they know that will wear out their dyes faster?  Someone should tell them that.  China has been doing this for so long, I can't even start to imagine that this hasn't been publicized constantly. |
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Pillar of the Community
United States
759 Posts |
This whole counterfeiting thing just stinks. I know it's been happening since things of value existed, but it really is affecting my enjoyment of this hobby I have here. 1888s don't surprise me at all as one of their runs.
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Pillar of the Community
United States
592 Posts |
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Pillar of the Community
United States
511 Posts |
If the deal is too good to be true, it almost always is.
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Pillar of the Community
 United States
1888 Posts |
Quote:
it really is affecting my enjoyment of this hobby I concur wholeheartedly. The mere suspicion of fakery takes away a huge amount of the fun. With ebay having opened up the worldwide market to items that would never before have been readily available to collectors, the temptation is strong to just plunge in. Which is what I did after a long hiatus from the coin hobby. Big mistake. I learned quickly to stay away from Mexican stuff. But my fondness is for quality large foreign silver, which is seldom available at local dealers or shows. What's an enthusiast to do in this corrupted market? And why are the Chinese so willing to allow themselves to gain the reputation as 'most corrupt nation on the planet' ? |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Also, a strong magnet will detect small amounts of iron in counterfeit U.S. coins. If a supposedly "silver" coin has even a little bit of attraction to the magnet, then it is a fake, Benedict said. And if they don't have any iron in them? Some of the chinese fakes were magnetic a couple years ago but most of them today are NOT magnetic. That doesn't mean they are real. Quote:
Do you think it is one Date in general or many dates?
I know the pic show all 1888, I wonder if there was a mintmark. That picture doesn't mean anything and it has nothing to do with the story. That picture was lifted from an article that was published on Ask.com two years ago. |
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Bedrock of the Community
United States
20753 Posts |
And remember that not all metals containing Iron are magnetic. For example numerous grades of Stainless Steel are non magnetic and do contain Iron. The amount of Nickel and other metals added make the magnetic properties nill. This is why so many Surgical items are made from those. As long as there is an interest monitarily for anything, someone, somewhere will start making fakes of those items. When Beanie Babies were the rage, the market got flooded with fake ones of those also. At first with coins it was only the coins so you could count on slabs to tell you which is which. Then the faked slabs stated to appear so now you can't even tell if the slab is for real.  |
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Replies: 10 / Views: 1,573 |
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Posted 02/10/2011 10:56 am
