Counterfeit Coins

Comments

• BillJones Posts: 35,073 ✭✭✭✭✭

  November 5, 2018 1:06PM

  Personally I want nothing to do with the modern Chinese coins so long as their government ignores the importation of counterfeit U.S. coins into this country. Some of the Chinese Panda coins have nice designs, but I want nothing to do with their products so as they have so little regard for U.S. collectors.

  Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?

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• PerryHall Posts: 47,089 ✭✭✭✭✭

  November 5, 2018 1:11PM

  Their Panda bullion coins used to be 1 oz but they changed them to 30 g which is less than 1 oz. Another reason to not buy them.

  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

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• JBK Posts: 16,723 ✭✭✭✭✭

  November 5, 2018 1:14PM

  And who is to say the counterfeiters aren't also counterfeiting their own coins?

  I am highly skeptical of anything that comes from China.

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• Aotearoa Posts: 1,588 ✭✭✭✭✭

  November 5, 2018 1:19PM

  @PerryHall said:
  Their Panda bullion coins used to be 1 oz but they changed them to 30 g which is less than 1 oz. Another reason to not buy them.

  I presume they used to be 1 Troy ounce...

  Smitten with DBLCs.

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• morgansforever Posts: 8,495 ✭✭✭✭✭

  November 5, 2018 1:34PM

  I do get to a point at times I say screw it, why bother reporting these fakes. Then I get on a tear and start combing Ebay for fakes. Must be in the several thousands by now, been doing it off in on for 10 years. What burn my a$$ is I have to work hard to earn the income to buy Morgans and don't appreciate others knowingly destroying the hobby by selling counterfeits.

  World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO

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• Smudge Posts: 9,874 ✭✭✭✭✭

  November 5, 2018 1:35PM

  Pandas were 1 Troy ounce and while the Chinese govt. may encourage counterfieting of our coins, they may discourage counterfeiting of their own coins.

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• sellitstore Posts: 3,053 ✭✭✭✭✭

  November 5, 2018 1:55PM

  That raises an interesting question.

  Can one buy counterfeit Chinese Pandas from China?

  Why not?

  https://alibaba.com/product-detail/Hot-selling-new-cheap-silver-china_60696244820.html?spm=a2700.7724838.2017115.116.51952318sOrYvB

  Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.

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• AlexinPA Posts: 1,458 ✭✭✭✭✭

  November 5, 2018 2:24PM

  @sellitstore said:
  That raises an interesting question.

  Can one buy counterfeit Chinese Pandas from China?

  Why not?

  https://alibaba.com/product-detail/Hot-selling-new-cheap-silver-china_60696244820.html?spm=a2700.7724838.2017115.116.51952318sOrYvB

  Geezo, those people have no shame. $0.32 per Panda, LOL

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• ricko Posts: 98,724 ✭✭✭✭✭

  November 6, 2018 7:56AM

  I avoid products made in China... not just coins...and as far as coins, I do not buy any. I have old Chinese coins... but I know those are authentic....had them for many, many years. Cheers, RickO

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• 1630Boston Posts: 14,115 ✭✭✭✭✭

  November 6, 2018 8:09AM

  Apparently, they also counterfeit 'mutilated' US coins.

  From COIN WORLD:
  Federal prosecutors say several U.S.-based metal recyclers conspired in an elaborate scheme to bilk the U.S. Mint out of more than $5.4 million. The firms were allegedly attempting to be paid for large mutilated quantities of what are allegedly counterfeit U.S. coins imported from China.

  The full story is interesting [although a few years old] and can be read here https://www.coinworld.com/news/us-coins/2015/03/feds-investigate-counterfeit-mutilated-u-s--coins-from-china.all.html

  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

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• Edthelorax Posts: 229 ✭✭✭

  February 8, 2019 5:15PM

  @Gazes said:
  I read all the time about counterfeit coins being a huge problem as well as counterfeit TPG slabs. A huge amount of the counterfeits come from China and my understanding is the Chinese gov't turns a blind eye towards the problem. I also know that in this country there is a healthy appetite to collect Modern Chinese coins. Why would anyone support authentic coins being made in China and that market when they disregard our laws and actively undermine US rare coins?

  The US government does little to nothing either. The FTC is responsible for enforcing the CCPA the update of the HPA.
  Ebay allows sellers of counterfeits here in the US to go unpunished after many many violations. Ebay is in violation of the CCPA by allowing them to continue, yet nothing is done to stop any of this. The exception being a few dedicated collectors that voluntarily spend countless hours doing what ebay should be paying people for,

  http://www.silverstocker.com
  Anyone can PM me Any Time about Any thing.

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• ReadyFireAim Posts: 1,838 ✭✭✭✭✭

  February 9, 2019 12:31PM edited February 9, 2019 12:32PM

  Their eagles are getting better

  https://www.alibaba.com/product-detail/22K-Gold-Plated-Tungsten-American-Gold_752896216.html?spm=a2700.7724857.normalList.44.a9375a844dG4Dh

  My Saint Set

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