Two Counterfeit Morgans
TigersFan2
Posts: 1,442 ✭✭
At our local coin club meetings each month, we end with a small auction of items people have brought. Last night I purchased 2 counterfeit Morgans for $3 each. This is scary, because they both are high quality counterfeits that would fool many collectors. The coins are not magnetic. They each weigh 24.3g instead of the real 26.7g. The color is good. The luster is good. It's only when you take a very careful look do things look a little off. (For the below pictures, I placed the coins on my scanner, so the color/tone could be off.)
It's scary because there are probably lots of these same counterfeits out there and likely a few unscrupulous dealers at shows trying to pass them off. Both of these coins are common date Morgans, showing that it's not just the key dates that get counterfeited.
The person who sold these (and 2 others that someone else bought) offered them as counterfeits. Given that he was selling them so cheap, he likely bought them even cheaper. He wouldn't tell me where he bought them or for how much.
For me, these are are curiosity pieces for my collection that I'll mark on the holders as counterfeit.
It's scary because there are probably lots of these same counterfeits out there and likely a few unscrupulous dealers at shows trying to pass them off. Both of these coins are common date Morgans, showing that it's not just the key dates that get counterfeited.
The person who sold these (and 2 others that someone else bought) offered them as counterfeits. Given that he was selling them so cheap, he likely bought them even cheaper. He wouldn't tell me where he bought them or for how much.
For me, these are are curiosity pieces for my collection that I'll mark on the holders as counterfeit.
I love the 3 P's: PB&J, PBR and PCGS.
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Comments
bob
Not good and the seller ought to be reported to the police.
bob
Why? He didn't misrepresent anything. And I don't believe it's against the law to own. I've seen several dealers at local shows with their counterfeit coins to show as a novelty or education.
The 1888 is the correct reverse hub type for that year. Note the gap between the back of the Eagle's neck and the wing.
The 1900-O has a wide gap. But on a genuine coin it would be a narrow gap like the 1888.
In honor of the memory of Cpl. Michael E. Thompson
I wouldn't be surprised if the seller weren't thrown out of the club for selling unmarked counterfeits. Not good at all.
He was very straight-forward that they were counterfeits. No deception on his part. No issues in the club.