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 Replies: 33 / Views: 3,832 |
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Valued Member
United States
442 Posts |
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Pillar of the Community
United States
3076 Posts |
sad to see our government will not do something about there continuing attack on our US coin markets....Every one looses but CHINA....
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Pillar of the Community
United States
1150 Posts |
Oh, how very true. And the thing is that the Chinese counterfeiters are actually proud of their work. They see NO problem with what they do. Smart, informed collectors/investors will not get taken like this pawn shop owner. Know how to spot fakes.
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Bedrock of the Community
Australia
21786 Posts |
Very fortunately, having learned from the CCF, there a lot of cynical and wary folks in this Forum when it comes to Chinese fakes. That has to be a very good thing, and healthy for modern numismatics.
But one thing worse than this that I can think of is that American and Australian manufacturing jobs have been exported to China.
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Valued Member
United States
455 Posts |
This siege is too close for comfort as I reside in Seattle, WA . Thanks for posting this article.
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Valued Member
United States
155 Posts |
I know that there are ways to spot a fake in hand.
But, has anyone put together a database of pictures
online of fake coins? Are they generally in mint condition?
Or will counterfeiters purposely age and tone coins to make them
look as if they have been around the block?
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Pillar of the Community
United States
594 Posts |
But I thought everything sold in the US was "Made in China". Do they still make stuff here?
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Pillar of the Community
United States
880 Posts |
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Valued Member
United States
426 Posts |
At least there are laws in place to protect US coins and make counterfeiting them illegal but sadly when it comes to foreign coins it's a free for all for the counterfeiters. Besides U.S. coins I also collect Mexican coins like the 8 Reales and it sickens me to see the amount of crap that is coming in from china. Edited by RealPeso
02/13/2011 4:04 pm
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Bedrock of the Community
United States
14454 Posts |
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Pillar of the Community
United States
952 Posts |
man, this used to be a hobby anyone could have fun at without woryying abt cheaper stuff being fake. now we have to be extra vigilant.
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Pillar of the Community
United States
651 Posts |
These Chinese counterfeiters are sure laughing at us, they know that the US Government will not fool with this.
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Pillar of the Community
United States
4415 Posts |
Could it be that the EZ Pawn buyer thought he was hooking a fish, buying an 1893-S Morgan plus nine others for a measley $400? A few years ago, I was standing in a coin dealer's booth at a flea market. I'd been chatting about coins with him when a man approached, wanting to sell a wallet of twenty Morgan dollars for about $1200 as I recall. That was well over spot silver at the time. Almost all of the coins were common dates, mostly 1921's. I asked to look at them while the dealer checked his gray sheet. The Morgans all looked genuine but for one, an 1889-CC (Chinese Copy) in XF condition. I rescued the dealer who was seriously pondering the purchase. The seller shrugged, perhaps feigning ignorance? The moral to this story is watch out for fakes that are mixed with genuine coins AND, if it seems too good to be true, it usually is just that. |
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Valued Member
United States
463 Posts |
I saw this on the coin calculator site earlier this week but honestly who was being more dishonest, the seller saying he thinks they might be fake or the seller giving way under melt with a 1893-s that was in there was worth couple grand by itself if it was real. I dont feel bad for the guy at all, just because he said he has been buying and selling coins for years so he should of known when a super rare high grade coin came in to check the weight of it or have an expert come in and check it out but he thought he hit the jackpot.
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Bedrock of the Community
United States
17884 Posts |
I like the picture. Copyright Peninsula Daily News? That picture is from the Ask.com story about the chinese counterfeiters from over two years ago.
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Pillar of the Community
United States
4989 Posts |
Sounds like these coins were the wrong weight and had obvious counterfeit markings. If a pawn shop owner wants to deal in Morgan dollars, he had better learn a thing or two about the coin before he starts buying up thousands of dollars worth (!) |
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Replies: 33 / Views: 3,832 |
Posted 02/13/2011 12:11 am
