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Fake coins

Hello
We just found out that the silver coins we purchased thru a Facebook site are fake.
What is the best way to dispose of them?

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    RiveraFamilyCollectRiveraFamilyCollect Posts: 361 ✭✭✭

    Hello and welcome to the forum.
    If the coins were sold as real but ended up being fake I would report it to https://numismaticcrimes.org/ and your local police department.
    I would like to hear more details about the coins, the site and how this all went down, how you realized they were fake.
    Thank you in advance.

    The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.

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    IkesTIkesT Posts: 2,586 ✭✭✭✭✭

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    OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,521 ✭✭✭✭✭
    edited February 29, 2024 1:44PM

    Stamp them with “FAKE” and keep/sell them as educational pieces.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

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    FrazFraz Posts: 1,859 ✭✭✭✭✭

    Post photos before you dispose of them. At least they will serve a purpose for reference.
    It’s too bad, I regret it happened to you.

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    Thank you to everyone who replied I have contacted the Numismaticcrime website. My goal is to stop future sales.
    We're going to be ok, But the thought of someone on a fixed income buying these coins in the hopes of helping their family is very disturbing. I can take pix and post them, but there are a lot of coins. Maybe 5 lbs or so. Some with dates of 1880.

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    burfle23burfle23 Posts: 2,192 ✭✭✭✭✭

    Do you buy much through that site? I find it a true cesspool of bad coins.

    So, you bought them as genuine, including the 1800 dated ones and now learned they are fake?

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    To clarify, these were purchased by my husband. I am a firm believer in the adage "if it seems too good to be true..."
    But different sellers appear using different names. Cover story is that investors in China purchased all of these American coins and are now unloading them. Packaging clearly showed Chinese return addresses. They are all cased and look like a collector took excellent care of them. Almost seems like the covers are worth more than the coins. I was very surprised and disappointed that none of the agencies I contacted were interested in pursuing any kind of counterfeit case,

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    Can we get pictures, I would like to see what these cases look like

    The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.

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    burfle23burfle23 Posts: 2,192 ✭✭✭✭✭
    edited February 29, 2024 3:44PM

    When you say "cased", are any in PCGS type holders (or NGC)? I would be interested in images of any of these as I document them for several Groups I am in.

    There is a report function for counterfeits on the ACEF web site at: https://acefonline.org/counterfeit-alert/report-a-counterfeit/

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    ajaanajaan Posts: 17,124 ✭✭✭✭✭

    @Ownerofawheatiehorde said:
    Stamp them with “FAKE” and keep/sell them as educational pieces.

    How do you stamp them as FAKE?


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
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    JBKJBK Posts: 14,771 ✭✭✭✭✭

    @ajaan said:

    @Ownerofawheatiehorde said:
    Stamp them with “FAKE” and keep/sell them as educational pieces.

    How do you stamp them as FAKE?

    You can buy a steel punch that says COPY, which is what would normally be required under the HPA.

    That's a lot of trouble for a small bag of fake coins. Some collectors collect counterfeits as is.

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    Here are some pix. Sorry for the quality.

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    One of 3 boxes. Each with 40 coins. Plus a ton of loose coins

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    burfle23burfle23 Posts: 2,192 ✭✭✭✭✭

    Wow...

    I would expect a number of "CC" Morgan dollars; thanks for the images.

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    TomBTomB Posts: 20,733 ✭✭✭✭✭

    Oh, jeez...I'm sorry you ended up with these. What you have are examples of modern, Chinese, mass-produced counterfeits. These are offered by the thousands (perhaps millions is more correct) and are currently produced. Ugh...

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
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    Manifest_DestinyManifest_Destiny Posts: 3,709 ✭✭✭✭✭

    Ouch.

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    FrazFraz Posts: 1,859 ✭✭✭✭✭

    Ditto, thank you—it’s hard.

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    AUandAGAUandAG Posts: 24,539 ✭✭✭✭✭

    I get those ads on FB and try to report as fraud and FB does nothing. Buyer beware i guess.
    bob :(

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com

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