Easy Peasy Question: Would you purchase an Omega Counterfeit for melt?

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abcde12345
abcde12345 Posts: 3,404 ✭✭✭✭✭
in U.S. Coin Forum

If you answer no ("I don't support buying counterfeits!"), please explain (other than my quotes). If yes ("It's collectible and worth so much more than melt!"), why?

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  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
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    No

    Investor
  • jmlanzaf
    jmlanzaf Posts: 43,048 ✭✭✭✭✭
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    Yes. Well, I'd pay 98% of melt because then I could melt it.

    It might be worth gifting to a numismatic museum. I would NOT collect such a thing, however.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • Butteredfatkid
    Butteredfatkid Posts: 174 ✭✭✭
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    Yes, I really enjoy the backstory behind the counterfeit and a $20 would be great company to the $3 omega I currently have

    https://youtube.com/channel/UC6XjGFyoSVFc8X4VhwuOY3A

  • abcde12345
    abcde12345 Posts: 3,404 ✭✭✭✭✭
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    I'd use it in my dealer case at large shows to attract attention and garner interesting conversation. But yes, I'd not sell it either. Perhaps donate it to a museum upon my death.

  • Mr_Spud
    Mr_Spud Posts: 7,272 ✭✭✭✭✭
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    Yes, but I’d probably get it slabbed if one of the grading companies would slab it and state it’s an omega counterfeit on the label. Maybe get a jeweler to etch “copy” on the rim.

    Mr_Spud

  • thebeav
    thebeav Posts: 4,116 ✭✭✭✭✭
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    I'll take it !

    My Ebay Coin Store
  • TurtleCat
    TurtleCat Posts: 4,692 ✭✭✭✭✭
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    Yes, because it's real gold and probably the closest I'll ever be able to go to have (essentially) a high relief saint.

  • pursuitofliberty
    pursuitofliberty Posts: 7,926 ✭✭✭✭✭
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    For at or near melt, as long as it didn't look like it got put in a rock tumbler or something ... absolutely! The history and notoriety would be tough to pass.


    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • 291fifth
    291fifth Posts: 25,218 ✭✭✭✭✭
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    No. I wouldn't want counterfeits period.

    All glory is fleeting.
  • TurtleCat
    TurtleCat Posts: 4,692 ✭✭✭✭✭
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    In the latest monthly Coin World there’s a whole big article on the desirability of counterfeits. Check it out. It’s pretty good.

  • abcde12345
    abcde12345 Posts: 3,404 ✭✭✭✭✭
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    @TurtleCat said:
    In the latest monthly Coin World, there’s a whole big article on the desirability of counterfeits. Check it out. It’s pretty good.

    Is it pro-counterfeit or against owning them?
    Modern counterfeits: No, thank you.
    Contemporary counterfeit: Yes, with a stipulation.

  • Nic
    Nic Posts: 3,438 ✭✭✭✭✭
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    Yes. I will pay more than melt.

    My 1866 Philly Mint Set

  • BillJones
    BillJones Posts: 35,935 ✭✭✭✭✭
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    No, because I have the real thing, plus I don't want to support counterfeits.

    Given the higher current gold prices, you would be giving the seller a profit if he or she has held it for most any period of time.

    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 ... ?
  • TurtleCat
    TurtleCat Posts: 4,692 ✭✭✭✭✭
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    @abcde12345 said:

    @TurtleCat said:
    In the latest monthly Coin World, there’s a whole big article on the desirability of counterfeits. Check it out. It’s pretty good.

    Is it pro-counterfeit or against owning them?
    Modern counterfeits: No, thank you.
    Contemporary counterfeit: Yes, with a stipulation.

    Neither, really. They were just writing about how collectible they are and why people like them. They covered some of the more well known counterfeits as well.

  • goldrealmoney79
    goldrealmoney79 Posts: 417 ✭✭✭
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    yes theyre worth a lot more than melt in value, would do the quick flip.

  • ReadyFireAim
    ReadyFireAim Posts: 1,860 ✭✭✭✭✭
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    Sure, if I could get a nice one for a reasonable price.

    Any of those responsible are long gone & won't profit from my purchase.

    My Saint Set

  • oih82w8
    oih82w8 Posts: 13,209 ✭✭✭✭✭
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    If I can get it properly attributed by our host, yes.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    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,...
  • CalifornianKing
    CalifornianKing Posts: 1,259 ✭✭✭✭
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    Heck yes!

  • 7Jaguars
    7Jaguars Posts: 8,019 ✭✭✭✭✭
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    yes for sure. 100%

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • philographer
    philographer Posts: 1,383 ✭✭✭✭✭
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    Absolutely. I would pay over melt if an authentic Omega.

    He who knows he has enough is rich.

  • golden
    golden Posts: 10,536 ✭✭✭✭✭
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    Yes and then melt it.

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Yes... These are a very famous counterfeit and certainly a desirable collectible. Plus, it is real gold....and certainly, if authenticated as a real Omega, it will retain resale value. Cheers, RickO

  • ThreeCentSilverFL
    ThreeCentSilverFL Posts: 1,700 ✭✭✭✭✭
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    Yes. For the history alone.

  • Pedzola
    Pedzola Posts: 1,028 ✭✭✭✭✭
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    Would 100% buy for melt, but I suspect I wouldn't get the chance. I've never seen one available for sale, and my guess is it would be bid up much higher.

    Instagram

  • Kliao
    Kliao Posts: 5,802 ✭✭✭✭✭
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    Yes! Would like to study it myself. And a nice bullion kind of piece.

    Collector
    Over 100 Positive BST transactions buying and selling with 57 members and counting!
    instagram.com/klnumismatics

  • HoledandCreative
    HoledandCreative Posts: 2,890 ✭✭✭✭✭
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    Yes, unless Omega is still making them.

  • Wahoo554
    Wahoo554 Posts: 1,179 ✭✭✭✭✭
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    Yes. I’d pay more than melt

  • thefinn
    thefinn Posts: 2,657 ✭✭✭✭✭
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    @Mr_Spud said:
    Yes, but I’d probably get it slabbed if one of the grading companies would slab it and state it’s an omega counterfeit on the label. Maybe get a jeweler to etch “copy” on the rim.

    ICG Yellow label slab.

    thefinn
  • mannie gray
    mannie gray Posts: 7,259 ✭✭✭✭✭
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    Yes

  • brianc1959
    brianc1959 Posts: 350 ✭✭✭✭✭
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    Sure, although I'd prefer to have one of Barney Rubble's counterfeits: https://www.youtube.com/watch?v=glfWq-of-UQ

  • jwitten
    jwitten Posts: 5,420 ✭✭✭✭✭
    edited January 31, 2021 7:10AM
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    I would pay more in a heartbeat. I was recently offered $3,500 for mine and turned it down.

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