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Beautiful Japanese Yen

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Valued Member
fastfords1's Avatar
United States
179 Posts
 Posted 09/22/2006  10:08 am  Show Profile   Bookmark this reply Add fastfords1 to your friends list Get a Link to this Reply
Hi all,
Had to chip in on the related subject of PRC counterfeits. One of my interests is US Trade dollars, and ebay is infamous as the market for counterfeits of this type coin. Raw coins go very cheap, and similar looking TPG slabbed coins go high. Even a Dillon Grain Scale is no longer enough, as someone above pointed out, the fakers are making correct weights, mass, and size now.
Let's face it , some of these coins are worth well into 4 figures, and there is a lot of profit potential there for the counterfeiters.

As Meijio3 said, on the low end it's hard to get hurt if you don't go for the high end coins...as an example, I bought several silver Chinese coins on ebay from a guy with a chinese name from New York for $10-12 each...the Krause catalog lists them for thousands, with tiny mint issues. I certainly didn't expect the real thing, but on the other hand, these examples make for a beautiful display...and by the way, you have to pay more than 10 or 12 for modern copies of US rare coins with the word "copy" stamped on them to make it legal.I've filled some holes in albums with these, particularly the ones I have no hope of ever finding (or affording).

all the best,
Dennis

New Member
Meiji03's Avatar
United States
33 Posts
 Posted 09/25/2006  08:51 am  Show Profile   Bookmark this reply Add Meiji03 to your friends list Get a Link to this Reply
Hey Gx, this screams fake to me but I'm confused as to why it is selling @ Heritage. Especially the I in 416

http://cgi.liveauctions.ebay.com/ws...170025045361
New Member
Meiji03's Avatar
United States
33 Posts
 Posted 09/26/2006  01:56 am  Show Profile   Bookmark this reply Add Meiji03 to your friends list Get a Link to this Reply
Beautiful-Japanese-Yen
OK I'm not going to lie, I was losing sleep over what you said Gx so I broke down and bought a digital scale 500g x 0.1
Now I have 1 less thing to worry about.
Valued Member
fastfords1's Avatar
United States
179 Posts
 Posted 09/26/2006  08:34 am  Show Profile   Bookmark this reply Add fastfords1 to your friends list Get a Link to this Reply
Good move, Meiji03, I have prevented a lot of grief for myself since I acqired my scales and calipers, especially in the Trade dollar world.

Dennis
Pillar of the Community
Australia
3831 Posts
 Posted 09/26/2006  10:46 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
Meiji03, a digital scale is one of the best investments that you have ever made. That said, it does seem that they are genuine, except the first one, which I am somewhat doubtful. Now see what I mean when I say that their mass are quite specific? While that might be a power deterrent for counterfeiters, I have seen some super shocker counterfeited coins that even have their diameter, mass and diameter that are exactly the same.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
New Member
Meiji03's Avatar
United States
33 Posts
 Posted 09/26/2006  11:09 pm  Show Profile   Bookmark this reply Add Meiji03 to your friends list Get a Link to this Reply
which first one, you mean the meiji 28? why's that?
Pillar of the Community
Australia
3831 Posts
 Posted 09/28/2006  12:59 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
Yes Meiji03, the coin might be a little alarming. Note, in the past, these coins weren't just weighted one by one, but several tens, if not hundreds were weighted at once. For example if 10 coins are weighted at once and if they don't come up to be 270grams, they have to manually check what coin is causing the problem. In Osaka mint, this check is done much more rigriously. Osaka mint is well known for its severe checking. If I wasn't mistaken, gold coins were manually checked and silver was in a batch of hundred in the mint.

Tell me when you can find a serious Japanese error coin - I found them to be very difficult. So far I have only seen three different Japanese error coins, and die cracks are not counted.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
New Member
Meiji03's Avatar
United States
33 Posts
 Posted 09/28/2006  02:45 am  Show Profile   Bookmark this reply Add Meiji03 to your friends list Get a Link to this Reply
well ok gx you have the right to your opinion, I have to disagree with you on this one. I'll show you the back, its a counterstamped yen. It's .2 grams off which I feel is well within the limits of a real coin.
I'll go so far as to make you a wager. I'll send it off to ANACS and if it comes back in a bodybag I'll give you the coin for free. If it get's slabbed, you pay for it getting slabbed
Beautiful-Japanese-Yen
Pillar of the Community
Australia
3831 Posts
 Posted 09/28/2006  03:58 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
There are too many examples that are counterfeits. Even countermarks are counterfeited just to throw people off. I'm sure Swampbob have seen several examples of such.

Strictly speaking, the gin countermark is struck so that it will not be used in Japan. Hence whatever issues that occured with the coin, Osaka mint or the mint in Kanto will not be responsible for whatever that has occured to the coin. Who knows, maybe 0.2 grams was scrapped off during the countermarking process.

Even if the coin did come back as a genuine, few years later down the road, there might be an alarming news that coins graded in a slab are found to be counterfeits. And do note, this is from my experience of super high quality counterfeits that have exactly the same diameter and mass of a genuine coin. Too bad it failed the edge test else it would have fooled many experts easily.

There have been horror news coming out from the Russian numismatics that some of the greatest Imperial Russian commemorative coins slabbed are actually counterfeits, even though they are from the top slabbing companies.

I know - it does hurt to think about owning a counterfeit coin, and I have been through it.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
New Member
Meiji03's Avatar
United States
33 Posts
 Posted 09/29/2006  12:46 am  Show Profile   Bookmark this reply Add Meiji03 to your friends list Get a Link to this Reply
Again I thank you for your experience and opinion but I think you're missing the point. The fine line you are blurring is the concept of possiblities and probabilities.

Can a coin graded by PCGS be a fake?
Possible: Yes, we're all human
Probable: low probability is the reason why it carries more weight then an unslabbed coin.

If you get shot in the head can you survive?
Possible: of course
Probable: low probability due to it being a vital organ

The point I'm trying to make again, is that myself and everyone I know collect coins with the supposition that our collection is real. Is it possible that all my coins are fake? Of course, but I can minimize the probability by buying from a reputable coin dealer, researching the coin through pictures & books, and getting it slabbed by PCGS, NGC, ANACS. Just because a coin that has been slabbed has been found to be fake doesn't mean that I will start doubting the credibility or the authenticity of all my coins. Just like Someone surviving a shot in the head isn't going to convince me to shoot myself in the head.

Pillar of the Community
Australia
3831 Posts
 Posted 09/29/2006  02:14 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
This is my opinion - if it is off by 0.2 grams, something is wrong. Usually when a batch of planchets are made from a sheet of metal and struck, they are weighted straight after it. If they are weighted in batchs of 100 and if they all are 0.2 grams short, it's 20grams instant profit for the mint, which is huge at that period of time.

There was some technical details from the Osaka mint, that is the maximum devination of a gold 5 yen was something like 0.06 grams, 20 yen was 0.03 grams and the silver yen was 0.10grams or something, that is if I did recall right. I read it from somewhere but can't remember what the reference book was.

By 1895, Osaka mint is one of the world's most established mints because of it's ridicious precisions. Perhaps if you did weight more than 100 of these silver yens, you will be able to understand what I mean of this.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
New Member
Meiji03's Avatar
United States
33 Posts
 Posted 09/29/2006  09:17 am  Show Profile   Bookmark this reply Add Meiji03 to your friends list Get a Link to this Reply
Ok, thanks for your opinion. You keep going back to the History of Minting in Japan. I would agree with you that 0.2 grams is alarming if it came off the mint and was UNC.

For me the .2 grams is not alarming at all, because my coin is in circulated condition with XF+ wear and a counterstamp
(the mark on the counterstamp is a good explanation of missing weight in silver, look at the pit created by it), I have the coin in hand, the strikes/legends are identical to all other real Yen I own and the pictures of slabbed coins

I do agree with you that there is a possiblity of it being a very high quality fake, but it is not a low/medium quality fake, 3 of which I have sent back to the respected ebay sellers. By the way do you know how light .02 gram is? If you were to breath on your scale or have a ceiling fan on, it would fluctuate the scale .1-.3 grams. Once again I want to thank You for the history of minting in Osaka, I learn something new everyday posting on this forum.
Edited by Meiji03
09/29/2006 5:21 pm
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