I'm confused

wybrit

Why would anyone pay more than a couple of quid for this??

If there is such a market for this, why wouldn't more people take the prior year out of the market and carve them up?

This bugs me - and I like this seller: he has some nice stuff and has done right by me in the past.

Conder101

Yes there is a market for them. Some people just want to fill that hole, and they like to see the shocked look on peoples faces when they see that hole filled with what at first glance looks like the real thing. You should see the prices paid for some 1815 US large cents. (If I can find one of the right type that I like I would be interested in one and I would expect it to cost me a few hundred dollars.)

And why don't more people create them? Well it takes some talent to do a good job of it. I know I couldn't do it. Can you? It's like with hobo nickels value depends on the skill of the engraver. Are they a hack or an artist?

cosmicdebris

This auction is very misleading and shouldn't it specifically state this is an ALTERED ITEM?

wybrit

Conder, are you suggesting that counterfeiting coins is OK if all you want to do is "fill that hole" and "shock people?"

Aethelred

<< <i>This auction is very misleading and shouldn't it specifically state this is an ALTERED ITEM? >>



I believe it should! The fact that someone would pay £40+ for a modern counterfeit coin is something I can't grasp.

AuldFartte

<< <i>

<< <i>This auction is very misleading and shouldn't it specifically state this is an ALTERED ITEM? >>



I believe it should! The fact that someone would pay £40+ for a modern counterfeit coin is something I can't grasp. >>



Same here. It is beyond my comprehension

Ricke

<< <i>Conder, are you suggesting that counterfeiting coins is OK if all you want to do is "fill that hole" and "shock people?" >>



I think it's weird as all get out, but I've heard it used to be common practice to those who collected US large cents in years past - except the example I saw was more like a counterstamp than an altered number... I mean, it was obvious. I never understood why people did it

Sapyx

It happens all the time with Australian "1930" pennies. Real ones are worth thousands; altered-date fakes or other copies can fetch hundreds.

Who would pay so much real money for a fake coin? Several types of folks come to mind.

1. The hole-fillers, as mentioned above.

2. The newbies who just dont' read careful enough to notice the sometimes-hard-to-spot declaration that it's fake/altered.

3. The gamblers who are prepared to fork over that much, on the off-chance that the seller is wrong and it's actually genuine.

4. The shady types who realise they can probably get even more than they paid for it, by putting it back on eBay (probably after the 90-day period is up) and saying, "I'm not sure if it's fake or not. I found it in grandpa's sock drawer" or some such.

FilamCoins

I'd rather have a hole.

Conder101

<< <i>Conder, are you suggesting that counterfeiting coins is OK if all you want to do is "fill that hole" and "shock people?" >>


No I'm not saying it is OK, I'm saying that yes there is a market for them. (And that I am part of that market. I own several counterfeits including an altered 1913 V Nickel.) Just like there is a market for drugs, fake rolexes and other illegal or questionable items. Until this year it was illegal to set off explosive fireworks here in Indiana. I don't remember a single quiet Fourth of July and the seller here in our building next door probably sold $70K of more of them in one month each year. (Selling them was legal, setting them off wasn't. You had to agree to take them out of state within five days. Wink wink, nudge nudge.)

wybrit