Options
Chinese Counterfeits are improving!
Insider2
Posts: 14,452 ✭✭✭✭✭
Many of the very deceptive Chinese counterfeits look genuine even using magnification. In many cases, the fakers know that the edges of their products are still not "right" but they are constantly improving.
This image shows a "perfectly" genuine looking edge on a counterfeit Jefferson nickel. The fake is in the middle of two genuine pieces.
2
Comments
they are now faking Jeffersons??? WHY?
bob ;(
Oh no.
Because I just looked at a high grade one to put in my birth year set.
Silly question Bob. Registry Sets. Save me the time and look up the prices for some better date, FS Jeffersons. Nevermind, I'm curious myself.
buyer beware in the future, just saying
I think sometimes we are guilty of thinking about things "as we would". There was a good thread here about a year ago(?) that explained how folks in China can make money selling items for $.99. It stands to reason - if you are a Chinese counterfeiter - that selling $25 - $75 fake, lowly Jefferson's would only be that much more profitable. And it just might fly completely under the radar. Forget the FS fakes - too much attention, too high $$. Who would ever suspect a $35 BU 1942-D or a $25 BU 1939-S Jeff being counterfeited? One plausible WHY.
If we were all the same, the world would be an incredibly boring place.
Tommy
If the Chinese counterfeiters can mass produce, 'quality' low value coins, they stand a very good chance of profit by volume. Just a thought but the counterfeiting of nickels doesn't surprise me. Anything that is collectible the Chinese will make it.
If it is the registry set market they are after then they are going to have to be good enough to fool at least one major TPG. If they can do that ...
One has to wonder if they've come up with a good Bitcoin Fake yet?
🤣
How can you fake something that's not real?
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
Those Morgan dollar fakes are getting too good. I ended up purchasing a few common date ones without even knowing about it.
No need to fake Bitcoin as people just steal it:
$1.1 billion worth of cryptocurrency was stolen in the first half of 2018, and it’s relatively easy to do, according to cybersecurity company Carbon Black.
https://www.cnbc.com/2018/06/07/1-point-1b-in-cryptocurrency-was-stolen-this-year-and-it-was-easy-to-do.html
They make a 'little' on every coin, but volume provides a lucrative business.... and the income level required there is not the same as here. Cheers, RickO
Can we get pics of the obverse and reverse sides of the coin? I'm curious to see if it's a 1944 without a mintmark.
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
They are for sale on Ebay. I'm looking for a fake w/hologram.
Coin is no longer around. It was a 1950-D.
WOW this is the era of fakes
Counterfeiting of coins has been around since the dawn of coinage in 650BC. In fact counterfeiting is the second oldest profession.
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
..... a lot of fakes of the 1st as well
What's the oldest - politics, fortunetelling?
Back to the coin @Insider2 ...... is the metal content matches?
Yes, they have been improving...
Just a couple of mine (the prongs have been removed from the genuine TPG holders):
Best, Jack.
I don't have the equipment to test the metal and a specific gravity test is not sufficient.
Coins and slabs I would suspect are getting better.
But it's still not always appreciated. Ferrari, Louis Vuitton and others routinely go after counterfeiters.
We have tested the metal of the 1806 Half cents at two different intensity levels of XR for levels in the planchet as well as specific gravity and they check proper copper. We are trying to discern other differences within the metal for a possible fingerprint but that is still a work in progress.
lol!! I might have to use that!!
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
It's the counterfeit slabs I worry about, which is ruining the hobby for everyone. Except China.
100% Positive BST transactions
The TPG's will have to up their game.
What if the genuine slab companies just start stamping Made in China on them? The Chinese counterfeits never say that.....
Collector of randomness. Photographer at PCGS. Lover of Harry Potter.
@SiriusBlack , I think the plastic some TPGS's use for their holders is already made in China.
Not for long...
That's great news! Which of the four major grading services is going to stop buying plastic cases from China?
ANACS
PCGS
NGC
Flattery will get you everywhere.
Counterfeiting wont.
Pete
I thought there were only two majors. Depending on the trade wars all or none, yet to see.
...somebody should gather up 1.3 trillion $$$ worth of these Chinese counterfeit coins and then pay off our debt to them with it...using a US shipping company to deliver payment of course
That's a good joke! LOL.
This is even funnier: Better to secretly load a plane with over a billion dollars in mixed currencies and deliver it to the foreign country in the dark of the night to pay off nothing.
@Insider2 . Easy pardner, I agree but, this post is turning political and that is an impeachable offense
NANCY!!!
I'm making a joke! This never actually happened.
PS I thought you had some info on a "new" announcement about their plastic from one of the grading services.
PPS Who is Nancy? We have a Heather here.
@Insider2 . Think about it...
It sounded familiar.
Not sure about the plastic but, maybe an impenetrable PCGS slab made of titanium for coins of value. After all people aren't really moving their PCGS coins into other types of slabs right...
Sorry Insider if I stepped on your post- I thought we were talking about the improving quality of Chinese counterfeits!
We are and your input is needed and appreciated.
If you told someone in 1985 that coins will soon be graded and sold in plastic slabs they would have laughed at you. Same thing for bottled water in 1766.
But, if think coins will always be in plastic only slabs you might need to get out of the basement tonight maybe, go for a walk and get some fresh air.
Go ahead and laugh now
PS The metal testing equipment will be invaluable for the metal casing signature.
Now back to the trade wars, I mean fake China coins
We did this yesterday, I have a fake book that has all fakes in it so I can look at from time to time I know they are all fakes but never tested them and this is what they tested as.
I guess this is why it does not stick to a magnet.
Hoard the keys.
Made mostly of copper & zinc ??? I'm suspecting those common date Morgans might be made from those metal alloys.
Wait! I see a teensy weensy bit of silver. Laughable. Thanks for having an xrf to show. Peace Roy
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW
Where can I buy one of those testers @Type2 ?
As most of you know, coins were graded in slabs before 1985. The biggest $$Commercial$$ mistake I ever made was resisting placing the coins we were authenticating and grading at the first TPGS (INSAB) into the plastic slabs (with a photo) that we were offered to use. My comment to the Director, Charles Hoskins, was something like: "**It's a stupid idea. Collectors want to hold their coins!" LOL.