Fake Trade Dollar and My New Camera

Before I found out how ubiquitous were counterfeit trade dollars, I purchased a large lot, mostly to give out to kids. I kept the best looking for myself, selfish batard that I am. Anyway, I purchased a Canon XTi this past weekend (My tax refund) and I also discovered how to create a link to flickr. Soooo, I would like to solicit the membership's comments, especially how this coin appears to be so obviously fake.



Honors flysis Income beezis Onches nobis Inob keesis
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Comments
8 Reales Madness Collection
I think the detail of the head compared to the lack of detail in the cloak and leg gives it away, although the date looks funky too.
On the subject though I wonder why these fakes are produced in such numbers, its not as though there is a great demand for these coins and they don't command the highest of prices. Isn't the cost of producing the counterfeit outweighed by the available profit?
Dr J
My omnicoin collection (or how my coin photography has progressed)
I apologize for being ignorant, but what makes this coin fake?
I have one (well, a 1901) up for auction right now on eBay. Linky
Do you (or any of you) think this is fake? If so, I'll pull the auction.
Thanks,
Bob
PS: I wish my photos looked as good as yours!
Also, Harasha, what sort of light did you use when you took your photos? Your colors turned out fantastic. I used sunlight, and ended up with the washed out colors seen here.
Note at the 9:00 position some small dots that have nothing to do with the Arabic script.
Of course, I am not expert, but those things make me suspicious.
Now, as for the lighting. My first attempt, using a flash (which I have not yet figured out how to turn off in macro mode) and Ott lamp in a room lit by early evening light created a washed out appearance. I then tried with the flash alone and was surprised by the accuracy of the toning. My only concern is what appears to be a slight half moon shadow on both photos. I need to figure that one out, though I suspect that it might be cast by the flash itself on a subject close to the lens.
The lens on the camera is the kit lens that came with it; 18-55mm f/3.5 - 5.6/
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Collecting:
Conder tokens
19th & 20th Century coins from Great Britain and the Realm