Another thread about Chinese counterfeits

Dawg144

...and slabs, for that matter.

Does anyone have any idea why it seems that dollar-sized coins are the most heavily counterfeited? I read through the thread on the counterfeit PCGS slabs on eBay, as well as the picture thread that Dimitri (Syracusian) started on the darkside, nearly wetting my pants along the way. But I couldn't help wondering why all the coins and dies mentioned were about the size of a U.S. dollar. We always see threads about counterfeit Morgans, trade dollars, seated dollars and bust dollars, but not so many on silver minors. And most of the gold that's counterfeited was probably done domestically. Are dollar dies somehow easier to produce in China than smaller coins because of their larger design features? Or does the production of a larger coin just give the counterfeiter more bang for their buck?

Honestly, I would prefer counterfeiters to stick to dollar coins. Then I can just avoid these denominations and collect everything else.

Dawg144

Darn...this got buried fast.

morgansforever

Maybe the counterfeiters feel these are highly collectable, and can be easily liquidated.

Similar to the most counterfeited bill in the world $100 FRN's?

This whole thing bugs me out.

RedTiger

Probably easier to work with the large size, and newbies are more likely attracted to the big ones than the small ones. That said, there have been reports on fakes of smaller coins such as shield nickels, and of course the smaller gold coins (more raw than in fake slabs). Anything for a profit. As time goes by, expect fewer and fewer coins to be considered safe.

mrearlygold

This is a big problem, especially for the people who get snookered by these lowlifes.

cullenbryant

the ultra grade modern market looks to be the most vulnerable imo.
no need to counterfeit the coin in that scenario.

COALPORTER

I suppose those coins were used in trade with China,
so they have examples to work with. I read accounts
of people going to China to find real trade dollars.
Maybe they still have some in bank vaults ?

Are most China fakes cast or struck?
I though most were crude castings in pot metal ?

sumnom

I have seen plenty of counterfeit silver coins in half dollar and dime size, mostly copies of Chinese, Japanese, and Korean coins.

Placid

<< <i>I suppose those coins were used in trade with China,
so they have examples to work with. I read accounts
of people going to China to find real trade dollars.
Maybe they still have some in bank vaults ?

Are most China fakes cast or struck?
I though most were crude castings in pot metal ? >>



Yes most of them you can spot pretty easy if you know anything about what you are buying.
The fact that they were putting them into good knock-offs of pcgs slabs with cert numbers that matched real coins when you looked them up was more troubling to me.

One of the ones that was on eBay in the knock off slab was a 1/2 dollar coin.

cullenbryant

probably been mentioned somewhere, but the NGC fakes read about here, have they mulitplied?
or was that the only one/few? same with the old anacs white ones? are they dumping them or planning to
trickle them, or some guy in his basement that has a very small operation.

TavernTreasures

<< <i>probably been mentioned somewhere, but the NGC fakes read about here, have they mulitplied?
or was that the only one/few? same with the old anacs white ones? are they dumping them or planning to
trickle them, or some guy in his basement that has a very small operation. >>



This reminds me of a quote used when speaking about antiques: "If they made one, they made two".