Why You Might Want to Buy Your Chinese Coins Already Slabbed
EXOJUNKIE
Posts: 1,609 ✭✭✭✭✭
If not, you could lose a lot of $$$....
https://pcgs.com/Membership/sharedorder.aspx?OrderNo=21223839&Year=2017&Month=5
https://pcgs.com/Membership/sharedorder.aspx?OrderNo=21216892&Year=2017&Month=5
I'm addicted to exonumia ... it is numismatic crack!
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
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Ouch, that hurts!
That is why I stopped collecting Chinese coins. While I think that Chinese coins are cool looking coins and their country will become more popular with coin collecting due to the growth in their economy, I don't like how widespread their counterfeits are. I'd rather collect trade dollars over Chinese coins at this point.
Their gov't doesn't stop them and they are getting REALLLLY good at faking them. In 2015 and 2016 I tried to work with eBay to shut down some of the sellers who were selling thousands of dollars of fakes a week, but they would keep creating new names and keep swindling people, so I gave up and sold 90% of my Chinese collection. Here is a side-by-side of a real and fake fatman dollar. The fake is a struck coin and a pretty darn good copy.
You might want to add slabbed by PCGS or NGC. Then again, I've been told I own a counterfeit foreign coin in an NGC holder, but that is a whole different story, haha.
The NGC coin is real and the other no-name is a fake I knowingly bought off eBay.
To add, that is why you start small and you learn to swim before you jump into the deep end...
A rather chilling post to say the least.
But, but, but...the label says 26.8 grams...how can this be???!!!
Seriously though, it's also rather disturbing that the slab itself so resembles the NGC one, labels aside. Yikes!
That's why even in Chinese auction, coin graded by Chinese company are sell for a lot less than NGC and PCGS.
Scary stuff indeed!
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The hair on the fake is pretty funny.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
I think many collectors are trying to deny, to themselves, just how serious the fake coin problem has become. The age of raw is over and, if the quality of the fakes gets much better, the age of coin collecting may be over as well.
The fakes sure have come a long way from the clumsy fake trade dollars of the late 1990s, haven't they?
collecting Chinese stuff sure is scary....not gonna take a chance at all
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Yikes!
it's crackers to slip a rozzer the dropsy in snide
Risk and reward always go together. I sold a AU50 auto dollar to a buyer. He sent it to PCGS conserve it and regarded it for AU55. Then he sent it to SB auction and made 20K out of it. Chinese coin has a huge collection base in China which provide a big support for the price.