You Know A Coin Is Valuable When...

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Author	Replies: 10 / Views: 1,714
wulffy11 Pillar of the Community United States 543 Posts	Posted 06/20/2011 11:47 pm an admittedly fake version sells for 1300% face. I just looked at an auction on ebay for a 1909-S VDB that is listed as fake by the seller and is currently going for $13 with 8 bids! I actually think this might be a bad thing as it will encourage counterfeiters. Report this Post to the Staff

GO Moderator United States 6563 Posts	Posted 06/20/2011 11:51 pm Typically people want to either buy these as hole fillers or so they can resell it as a genuine Report this Post to the Staff
wulffy11 Pillar of the Community United States 543 Posts	Posted 06/20/2011 11:54 pm Ahh, makes sense. I wonder how many fakes are out there. Report this Post to the Staff
Deltron Pillar of the Community United States 508 Posts	Posted 06/20/2011 11:55 pm I don't get why anybody would fill a hole in their album with a fake coin. I would have to imagine that's why people are bidding on it, but whyyyy, I'd rather just leave the hole than buy some junk piece for what I could buy a nice looking LWC or whatever. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 06/21/2011 05:14 am The market does what the market does, and there are all sorts of players in it. Some aspects of the market stink. Same applies when sharp interpretation is applied to the rules in the stockmarket. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 06/21/2011 08:34 am I wonder how many counterfeits have been passed and accepted as varieties. Everytime a new variety is found it could well be a forgery, couldn't it? Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 06/21/2011 08:53 am If it is not marked as a replica or copy, it is illegal. Report this Post to the Staff
Sap Moderator Australia 16808 Posts	Posted 06/21/2011 09:48 am Quote: Typically people want to either buy these as hole fillers or so they can resell it as a genuine Besides the desperate hole-fillers and the scammers, you forgot two other categories of bidders on such items: - newbies or others who simply didn't read the warnings. - people who did read the warnings perfectly well, but simply didn't believe them. They're gambling that the seller doesn't know what they're talking about and the coin is genuine after all. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 06/21/2011 11:06 am Quote: Ahh, makes sense. I wonder how many fakes are out there. I don't think anyone really knows that one. Counterfeiting has been going on for a long, long time. Very possibly many collectors and dealers have faked coins in their possesion and don't know they are fakes. Weight as a method of detecting is useless since many counterfeiters use real original real metals since they are selling for coin prices not metal prices. I remember a dealer that was in buisness for many years that purchased a 16D Mercury dime and sent it in for authenticating. It came back as a fake. He resent to another TPGS and it came back slabbed and graded. So is it real or not? Other dealers I know tell me they have also purchased fakes that were so good, no one could tell. And similar cases where one TPGS said fake and others slabbed them. I too wonder how many collectors have faked coins and just don't know. As to a hole filler I did buy a plastic 1856 Flying Eagle cent for that purpose. Now looking for a 1913 Liberty Head Nickel for that same reason. I think that would be a great buisness to make the fake ones out of plastic so really noticable and with copy on the reverse of course. Report this Post to the Staff
bwbollom Valued Member United States 293 Posts	Posted 06/21/2011 11:09 am If I could fill the 16d hole in my Mercury dime album with a "real" fake...one that someone actually took the time to cut a "D" off another dime, attach it to a 16 and make it look good (not a Chinese counterfeit)...for $13 I probably would. I'd mark it in my album as "FAKE!" but even that would make for an interesting conversation piece as it would show the popularity of the coin and how much trouble people go/went through to make them. I find that kind of fake coin to be an interesting piece of history and something worth discussing, but I'm probably in the minority. Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 06/22/2011 2:50 pm Quote: Typically people want to either buy these as hole fillers or so they can resell it as a genuine Two things that I would never do, although I will not judge those that do the former. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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