ASE's from China
Bikingnut
Posts: 3,435 ✭✭✭✭
I see on ebay, ASE's from China at a discounted price. Example, lot of five for $135.99. That amounts to about $27.20 each. I made a purchase of one lot of five about six weeks ago and received five for I think it was around $29 each. It wasn't until after they shipped that I realized they were coming from China. I probably wouldn't have purchased them had I seen they were coming from China.
So a few questions about these. Are they real ASE's? How can they sell them at such a discounted price? They certainly look real,
US Navy CWO3 retired. 12/81-09/04
Looking for PCGS AU58 Washington's, 32-63.
Looking for PCGS AU58 Washington's, 32-63.
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I honestly don't know, because as soon as I see China.........I delete it!!
How's your AU58 Washington quarter set doing?
The set is going slow. There are some dates I may have to take an uncirculated example and carry around in my pocket for a while and submit them myself, mostly the later dates.
Then there are some I come across that the price is way over what it should be.
Looking for PCGS AU58 Washington's, 32-63.
First.. and only one necessary... red flag is 'coming from China'.... Not real and likely not silver.... Cheers, RickO
The Chinese are known for counterfeiting ASEs. This bag of bad ASEs was on display last year at the SCNA show.
To answer your question on price, sometimes they are not even silver.
Isn't there suppose to be a "W" above the eagles tail feather?
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Not only should it have a W on the reverse, but the font of “ IN GOD WE TRUST” is the wrong style.
Definitely counterfeits.
I am not, repeat NOT, saying that the coin in the OP is authentic. However, the missing "W" mint mark on the reverse is not a conclusive indicator of a counterfeit.
The Proof-W and uncirculated versions of this coin have a "W" mint mark, but the bullion version of the ASE does not.
Source: https://www.usmint.gov/wordpress/wp-content/uploads/2022/11/2023-american-eagle-silver-one-ounce-bullion-coin-reverse.jpg
Hands and hair look different.
Do a specific gravity test on them:
https://www.youtube.com/watch?v=h_2vA1qO2fA
first thing i noticed was something wrong in the face/hand as well
I don't follow these much anymore, but wouldn't the bullion ase's not have a W on the obverse also?
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
That isn't a W on the obverse, it's an AW monogram: designer's initials.
Duh, I didn't notice that. Had to look closer. Lol
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
The chances of getting anything genuine from China are about equal to the chances of me winning the Boston Marathon on my walker!
Most things from China.....
Throw a coin enough times, and suppose one day it lands on its edge.
Counterfeits everywhere...I just had this "silver proof" delivered today from an ebay purchase. Seller had hundreds of sales with 100% rating and shipped from US.
FAKE
Given there is a ready market for Monster Boxes of ASEs, there is no possible reason they would be broken out, placed in "air-tight" type capsules, and sold in bulk from outside the US.
Oh, and even the authorized purchasers for the bullion ASEs pay the mint over spot.
ANA 50+ year/Life Member (now "Emeritus")
Author: 3rd Edition of the SampleSlabs book, https://sampleslabs.info/
Can you spot the fake?
Better pics
I save these just to help educate folks
China is such a dishonest counterparty that "Made in China" might not even be true. Ptui!
As for the OP's coin, it looks like a counterfeit to me and I'm not very skilled in detecting counterfeits. The boundary between Liberty's face and outstretched hand against the background looks like there was some sort of extrusion effect or something. It should be a very sharp transition. Also, Liberty's right foot (the one behind her) looks too big.
Big nose Kate ASE.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
.
Definitely NOT a US Mint product. The reason they were "cheap" is because they are not made of solid silver (only plated).
Look at the lines in the flag, around the stars, just in front of Liberty's face and neck. They are much coarser than the US Mint product.
And look at how crude the skirt lines are at the bottom (on the Chinese edition).
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@Che_Grapes - the left one is fake, look at the feet.
ANA 50+ year/Life Member (now "Emeritus")
Author: 3rd Edition of the SampleSlabs book, https://sampleslabs.info/
Why would anyone even consider buying a coin $ 27.50 when the going rate is close to $40.00? As the saying goes, if it's to good to be true...etc. etc. BTW The same coins can be had from Ali express for less than $2.00 a pop. All non Chinese coins from China, most likely are fake. Great video on fake ASE's from China
I paid some tuition last year when I thought I found a good price on an 1890-CC Morgan and didn’t notice that it shipped from China. When the coin (finally) arrived, there were 2 of them in the package (buy one get one free?) but they had “S” mint marks and stuck to my magnet.
Ouch.
My lesson: only buy from North America or a reputable dealer elsewhere.
Maybe you can still get a return or refund. Ask soon/fast. There is no Santa Claus in numismatics.