Bought This Today to Get it Out of Circulation

Shane6596

Might not make much difference, but 1 coin at a time i guess.

Found at a pawn shop, cost $5.
I bought it to keep it from possibly going on ebay and someone getting duped.

Will go into my collection and ill engrave copy onto it.

It is not magnetic and weighs 5.3g
Diameter is 24mm - pretty convincing with just a quick look in hand other than the missing letter.

The missing "C" on the reverse was a dead giveaway.

Namvet69

Every effort helps slow the scourge.

rte592

I applaud your effort.
I wouldn't engrave it, (just my take) put in a holder and mark the holder.

daltex

@Shane6596 said:
Might not make much difference, but 1 coin at a time i guess.

Found at a pawn shop, cost $5.
I bought it to keep it from possibly going on ebay and someone getting duped.

Will go into my collection and ill engrave copy onto it.

It is not magnetic and weighs 5.3g
Diameter is 24mm - pretty convincing with just a quick look in hand other than the missing letter.

The missing "C" on the reverse was a dead giveaway.

Only problem with this is that it just encourages the pawn shop to create, or at least buy, more of these counterfeits.

TomB

These cost nothing to produce and hold as inventory. Buying them out of inventory simply puts money into the pockets of folks who know they are scamming others and likely encourages them to replenish inventory and look for more suckers. I wouldn't buy modern fakes to keep others from buying them.

ifthevamzarockin

"Might not make much difference, but 1 coin at a time i guess."

Kinda like taking one drop of water out of the ocean.

rec78

@Shane6596 said:
Might not make much difference, but 1 coin at a time i guess.

Found at a pawn shop, cost $5.
I bought it to keep it from possibly going on ebay and someone getting duped.

Will go into my collection and ill engrave copy onto it.

It is not magnetic and weighs 5.3g
Diameter is 24mm - pretty convincing with just a quick look in hand other than the missing letter.

The missing "C" on the reverse was a dead giveaway.

If you keep doing that, you will be broke in no time.

jmlanzaf

@rte592 said:
I applaud your effort.
I wouldn't engrave it, (just my take) put in a holder and mark the holder.

But then the next guy can just pop it out of the holder. He's trying to prevent it ever being sold as real.

ricko

Years ago, I purchased a fake out of the local antique shop with the same good intentions... get it off the market. Then, a few months later, I saw another fake one in the same display case. I realized at that time, exactly what @TomB stated above. No more lining the pockets of the hoaxsters. Cheers, RickO

BuffaloIronTail

@ricko said:
Years ago, I purchased a fake out of the local antique shop with the same good intentions... get it off the market. Then, a few months later, I saw another fake one in the same display case. I realized at that time, exactly what @TomB stated above. No more lining the pockets of the hoaxsters. Cheers, RickO

Not surprising,but the nerve of some people.

I'd never go back there.

Pete

oih82w8

Cool nevertheless!

JBK

The real value in purchasing that is to use it to alert and educate others, as you have done here.

Do we know for sure that it is a modern counterfeit? That missing "C" is an obvious and presumably intentional flaw, perhaps to alert astute collectors or to circumvent counterfeiting laws (although as a private token those laws might not even have been applicable to a token prior to the HPA). I have not seen such intentional flaws on most Chinese fakes.

Personally, I'd keep it as is for reference and study.

I remember reading some years ago about a guy who bought up Henning nickels and stamped them "copy" and used them at his coin club as educational tools. Hennings are now highly sought after by collectors in their own right, and his well-intentioned efforts destroyed some great pieces of numismatic history.

In any case, if your forgery is a modern one then buying them up serves to support the counterfeiting industry, not diminish it (aside from alerting others). If it's old, then it captures an historical replica for your collection. Either way, thanks for posting to alert others.

Shane6596

Ill put it in a 2x2 and label it instead of damaging the coin itself.

Im not actively seeking out fake coins, but i may run into one again someday. Do i buy it or not? I dont know, seems like a double edged sword based on the feedback.

One hand it gets a fake out of population, other hand it promotes making more because another just sold.

Ill cross that bridge if i ever stumble onto another one.

mr1931S

Folks should never spend their money to invest in something they don't understand. Barbie dolls, beanie babies, stamps, coins, tokens, etc., etc. This rule applies to all kinds of collectibles. Having said this, it is a fact there is no saving people from themselves. Never has been and never will be.

NickelMike

@TomB said:
These cost nothing to produce and hold as inventory. Buying them out of inventory simply puts money into the pockets of folks who know they are scamming others and likely encourages them to replenish inventory and look for more suckers. I wouldn't buy modern fakes to keep others from buying them.

Exactly this.

JBK

@Shane6596 said:
Ill put it in a 2x2 and label it instead of damaging the coin itself.

Glad to hear that.

Im not actively seeking out fake coins, but i may run into one again someday. Do i buy it or not? I dont know, seems like a double edged sword based on the feedback.

One hand it gets a fake out of population, other hand it promotes making more because another just sold.

In my opinion, if it is or appears to be a vintage forgery, you might indeed be helping others by taking it off the market and adding it to your reference collection.

On the other hand, if it's a modern fake, buying it might just be feeding the beast.

Shane6596

Its a tough one. I see a couple threads on fake ebay coins and getting them out of circulation.

I had that mindset when i bought this one, to try and help.

But it seems there may be too many fakes out there to make a difference.

ifthevamzarockin

"But it seems there may be too many fakes out there to make a difference."

Yes, for you to try to start buying them.

You are not alone, there are plenty of members here that have bought fakes knowing what they are.
I have bought several off ebay and got a refund and didn't return the coin to the seller, just to mess with them.

rte592

@jmlanzaf said:

@rte592 said:
I applaud your effort.
I wouldn't engrave it, (just my take) put in a holder and mark the holder.

But then the next guy can just pop it out of the holder. He's trying to prevent it ever being sold as real.

I bought a fake 50 Peso gold piece from a seller on ebay.
Seller knew it wasn't right but was selling it as a copy.
Couldn't tell me much about it.
I was intrigued by it and spent the $15.
It's a wax cast copy made from aluminum and gold electro plated.
I put it in an older capital plastics holder and marked it copy, not that it would fool anyone.
Buy what you like, makes for a good conversation piece.

rte592

Had to look it up and came across this one.
I guess the word copy doesn't distract too much.

jmlanzaf

@rte592 said:
Had to look it up and came across this one.
I guess the word copy doesn't distract too much.

The "copy" is photoshopped, not on the actual coin. That is likely exactly where the coin in this thread came from.

Jzyskowski1

I get told I use the term “had to remove it from circulation “ every time I buy an unnecessary random coin. Usually, something that gets looked at once, then cataloged and put away 😁 PS
The Covid has mercifully waned overnight. Day 5.

TomB

These modern counterfeits, which yours absolutely is modern, are often shown on the web with COPY apparently stamped into them, but those same pieces show up on ebay quite often without the stamp. It makes me think that they either offer COPY as an option or that none of them arrive with COPY on them and that they are shown with it stamped to make everyone feel better. The piece you bought is modern, made in any quantity and can be had for less than a dollar each, most likely, at its source.