What's the best way to dispose of an old counterfeit coin?
Coinlearner
Posts: 2,503 ✭✭✭✭✭
Do you trash it? Is it collectable? Got this in a silver roll from ebay. The roll was from a set put together and included 3 34 DDO,S mints etc. ,so made a good profit from purchase and no gripe against the seller . Weight is low and clearly it's not a US mint struck quarter. . 
1
Comments
Looks to be a contemporary counterfeit so it should have a little bit of value. It may be hard to find a collector for them and I couldn't help you with an estimated value. Kind of a cool piece though, I wouldn't trash it.
Sell it to me. I collect them
They are collectible for sure. Someone would want it but getting the word out is a ???
bob
I agree that it's contemporary (not newly made)
Drop it in the coinstar reject slot.
I would pay a few bucks for it, just as a reference and educational piece. I have wanted a henning nickel for a long time.
https://www.autismforums.com/media/albums/acrylic-colors-by-rocco.291/
They are collectible, and great for education. I suggest putting it aside until someone expresses interest in buying it from you. However, don't expect a great deal of money.
Fan of the Oxford Comma
CCAC Representative of the General Public
2021 Young Numismatist of the Year
Trade it for a new counterfeit coin.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
Contemporary counterfeits certainly are collectible (there is even a book about fake Capped Bust halves). I would keep it. I have a duplicate Dansco 7070 album, with odd coins in it, including a bunch of contemporary counterfeits (Henning nickel, plated/reeded 1883 NC Liberty nickel in a quarter eagle hole, fake CBH, fake Franklin half, etc.).
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Do NOT trash it. It is a piece of history, collectible as such, as has value -- at least $10-20, maybe a little more depending on the collector. LOTS of people collect them.
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
I'll take it (and pay you a bit for it)...I am starting to collect this kind of stuff.
Thanks for the responses. May/may not put on the BST after a time. Some have already expressed interest , My response was>> " Hi. Maybe after a time. See what others say. Not really looking to advertise to sell. That is "spam". Just want some opinions,for now. Thanks Rich"
This was probably the most interesting piece in the roll. You should keep it.
I would keep it for a while, learn about contemporary counterfeits and see if you develop an appreciation for it.
It's a great story about how you picked it up.
BST that should go well on the back channel.
That is where I keep my counterfiet/fake/copy coins, in my 7070...it's almost full.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
The ANA keeps a set of counterfeit coins for educational purposes and always appreciated donations to their reference collection.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I like it and like many above posters, I would even buy it for a few bucks. Cool find!
Yep....I purchased (knowingly) a counterfeit Morgan - and it is a good one too....I keep it for reference and registered it with a counterfeit site....Cheers, RickO
Interesting piece....keep it or sell it but do not 'dispose' of it
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
There is a small problem as I see it. For this to be a valuable contemporary fake - that is late 1800's - it would need to have been made and circulated back then. This piece is the typical lead stuff made at a much later time. One of the four major TPGS slabs counterfeit coins for educational purposes.
I also collect counterfeits. The more deceptive the better. I've got approximately fifty of these crude lead Barbers, Morgan and Seated fakes. I would love to dump them for a few bucks each but have never had anyone show interest as they can usually be found in a dealer's junk box.
If you don't want the piece, donate to the ANA; however, I've not seen crude stuff like this in the basic counterfeit course.
There is a very interesting website for Liberty Seated **Dime **counterfeits, at http://www.seateddimevarieties.com/cf_date/cf_date_mintmark.htm Maybe they can steer you in a good direction.
Please don't spend them. They're likely to end up in a childrens hands.
I put gold ones in a vise and bend them over with a hammer and then send them in for melt. Others get accumulated in a 40 coin wallet and then donated to the ANA every couple of years
True contemporary counterfeits can be more valuable than the real coin! Depends on the series.
ANA 50 year/Life Member (now "Emeritus")
Have Daniel (Carr) smash another token into it like he did on a communist "silver" (potmetal) dollar.
The coin appears to be made of "white metal." It has a "ring" to it but not like silver. Don't think it's lead. May be wrong. It is 5 grams. Silver quarter is around 6. Still investigating this new to me area of numismatics....
COPY