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While I am waiting for my order to process...looking at other orders...lots of counterfeits
oih82w8
Posts: 11,896 ✭✭✭✭✭
Are counterfeits getting that good, or are some folks just looking for a big score?
oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
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Unsuspecting people.
That kinda crap right there is hurting the hobby probably more than anything else I can think of.
Sad
Amazing
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
UFB!
WS
Damn! Our host has quite a responsibility to catch these fakes and stop the plague. Peace Roy
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall
Half the dealers I work with couldn't spot a current Chinese counterfeit if it smacked them right between the eyes. Their know it all stubbornness makes the problem even worse. That's reality.
The whole worlds off its rocker, buy Gold™.
Hate to be on the receiving end of that submission!
Hold up. If a Chinese coin is minted in China how is it a counterfeit?
I'd hate to the authenticator who needs to be expert in world coins. It's hard enough for me to detect relatively obvious counterfeits in the couple of series I know best.
Slabbed Chinese coins are expensive ($1000s to $10000s) so I'm not surprised some try to get a deal for raw coins ($100s).
You mean like if Henning made his US nickels in the US?
More like if Henning minted nickels in Henning, Tennessee.
https://en.wikipedia.org/wiki/Henning,_Tennessee
What if a "Chinese" counterfeit was minted in China, Texas
https://en.wikipedia.org/wiki/China,_Texas
It's definitely a problem.
or China, Maine
China is a town in Kennebec County, Maine, United States. The population was 4,328 at the 2010 census.
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
maybe the counterfeiters are submitting in China to get them in a legit slab. Wonder how many make it.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Counterfeit detection has always been one of the top jobs of a TPG. Years ago I read an article that stated that when ANACS was started a very high percentage of 09-S and 14-D cents they saw were altered and counterfeit.
This is nothing new.
Highly doubt it. Thats a lot money to be spent in slabbing cost. Easier to sell raw to unsuspecting people.
Very sad.... and the counterfeit US gold coins are plentiful as well....Cheers, RickO
news flash
people think coins are a easy way to make money and will buy what they think will make them a lot of money, but then again this is the real world were greed overrides common sense a lot of times
https://photos.app.goo.gl/AtqXN9yPBzhpvP3TA
I know next to nothing about counterfeiting, but I just watched a video interview from 2016 with the founders of PCGS and they talked a little about the counterfeiting problem and the techniques the counterfeiters use. One of them is to make a mold from a genuine coin to create a die from that stamps out counterfeits. But based on the marks and other characteristics of the original coin, a TPG can compare other coins to it to see if they're clones. The only way to do this effectively is to have a thorough photo database of coins, like I think maybe our host has dabbled in?
Successful BST transactions with: Cameonut, Rob41281
To the best of my knowledge it is legal, according to China Law, in PRoC to produce coin replicas dated 1948 end earlier.
Emphasis is on produce.!!! not sell or distribute... But do you think the Chinese care?
many years ago one could buy nearly ANY coin, any quantity as a fake, with an acceptable weight tolerance and the close to proper alloy.. (be aware of fake weight cores) all for prices from USD 2 to you name it. Shop was located off Granville Ave in HKG. if you bought ten they even bought you an authentic Chinese lunch from a street vendor.
If a coin was not readily available, they had it for you next morning....delivered to the hotel. NO extra charge.
Even today one of the main business of a well known chinese company (Ali Baba) is selling fakes by mail order. there are several manufacturers for fakes, and all lare legit in China.
just ask google..... google knows it all
BUT, huge BUT: as long as ICE, US and other customs authorities of other countries, do literally NOTHING to stem the flow. the trade will increase. it is a fact that hindsight is alway 20/20.
it would be so simple and relatively cheap to stop the flow to a large extend.
Simply enforce the law and increase penalty for possession and enforce these penalties.
We have a perfect example right now:
it is called Covith 19 epidemic. at first it was done away by Gov's as no problem. then it became real. and now, it is very real and huge damage is happening.
Now, convert that to read coins and currency instead of a virus.
the simplest way would be to add one more question to the customs immigration form:
Did you acquire any US or foreign coinage or currency while out of the country?
in small type add the penalties.
and have dogs at border points "smell coinage and notes".
here is a interesting and educational link
https://www.thesprucecrafts.com/chinese-coin-counterfeiting-ring-4071202
One more thing:
2 US and Canadian TPGS were fooled by a chinese fake of a very high end Canadian cent, of such a high quality, they both certified it without any problem.
The coin was made with highest precision machinery, computer assisted etc I think it is called (CDR?)
these machines will make everything to fool anybody...... in any alloy and metal. as long as you have ONE original.
That is a very small investment considering the possible profits.
As counterfeiting tech advances, is part of the solution to keep graded coins in old holders so it can be verified that they were encapsulated before a certain date?
Successful BST transactions with: Cameonut, Rob41281
I am about 99% sure these submissions are not in the US. Not sure any of the coins have ever been here./
Looks like you might have reduced the dealers you work with by half. Kudos.
I guess it would be too big of a headache to differentiate U.S. from Worldwide Submissions. There are LOTS of Chinese coin submissions in and around the OP submission.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
Never thought that they would counterfeit the holders too. I was wrong. btw They use to do bad things to counterfeiters way back in history. Governments wouldn't allow a debasement of their currency.
100% Positive BST transactions
I wonder if PCGS has a total of all submitted coins that were/are counterfeits.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
They still cost the same to grade
Any normal submission with all fails has to hurt some submitter at least a bit.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
How sad to see that
Yes, there are "Chinese" in Maine too!
https://en.wikipedia.org/wiki/China,_Maine