eBay's not the only place publicly listing counterfeits for sale, just more visible...
JDark
Posts: 106 ✭✭✭
Many discussions on the rampant counterfeits on eBay in the past, but they seem to be trying to reign it in with their new authenticity guarantee program.
I have often noted I go to eBay to find the latest "fake of the day" and new examples to write attribution articles on but lately have seen fewer so-called higher end fakes on site. Maybe a good sign going forward.
They have also been more receptive imho removing reported bad listings, as I and several others I talk with are having positive results reporting counterfeits there.
Since their policy is "no counterfeits be sold" I believe the following listing from a major auction house would have been removed from their forum had it been reported currently:

It is surprising to me that someone in a leadership role in the Anti-Counterfeiting Education Foundation would allow this counterfeit to be listed in GC's auction, but I guess it is the best place to maximize the value of this particular fake. I must admit I would like to have one in my collection...
But I am curious how others in this forum view it in regard to allow such a public offering. The link to the current auction is:
Comments
It's listed and holdered as a counterfeit. Fine by me.
chopmarkedtradedollars.com
and really gold so the listing seems fine as it is a collectible counterfeit
IMO I think that all counterfeit coins and items should be marked as counterfeit or copy "on the coin itself" as some do and not just have it identified on the holder only. 😎
🇺🇸 Harlequin
harlequinnumismatic@gmail.com
Home of the Americana Collection of USA silver coins
Genuine coins with issues can be cracked out and sold raw at a higher value as well.
Ecuador adopted the US dollar and the Sacagawea dollar coin is very popular there because it depicts what looks like a native Ecuadorian woman. Unfortunately, it's being heavily counterfeited to the point that the Ecuadorian government invited the FBI to come down there to help them put a stop to the counterfeiting.
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
Yes, but your argument was that it could potentially be cracked out, misrepresented and sold for more. Counterfeits aren't unique in that respect.
Unique to the extent that a counterfeit is the topic of this post.
Stick to issues that only apply to counterfeits then. Let's try to stay on topic.
Gotta love the petty bickering that has nothing to do with the post...
Auction is slated to end today and is currently approaching $6K; I think it will sell for much more in the end:
Fair enough. I will drop the argument about it.
I would imagine the bidders are interested in it as a counterfeit. Do you think anyone is bidding with the intention of passing it off as real?
Great question; both are very valuable; the secondary market is always my concern when a counterfeit is sold...
I swear I remember GC auctioning at least one other omega counterfeit in the past, so I tried to find it in their auction archives to see what the final price was. No results. I'm thinking GC likely purged any sales of counterfeits like this from their archives. If anyone else remembers that sale or what the price was, please feel free to share. This could even be the same coin, but I didn't think to take notes at the time.
There are certain counterfeits that the numismatic community regard as "legitimate collectables" in their own right, and are prepared to pay a premium above what they'd pay for a garden-variety modern Chinese fake, or even more than what a genuine coin would cost. Henning nickels, Omega US gold, Machins Mills halfpennies and Roman fourees all come to mind.
In effect, these are all counterfeits that, if themselves counterfeited and sold to collectors, would be fraudulent. Making your own fake Henning nickel, or even modifying a genuine nickel to make it look like a Henning, and then selling it as an "authentic Henning nickel", would be fraudulent, and something that the numismatic community would be intent on preventing or restricting.
ICG is thus certifying this Omega gold as a "genuine" Omega, and not a modern fake (or a modified genuine coin) that is pretending to be an Omega. The owner can thus be confident that it is (a) made of good gold, and (b) was actually made by the mysterious and enigmatic Omega Man.
The fact that (some) collectors actually want to own certain counterfeits and are prepared to pay real money to own an "authentic" counterfeit is indeed one of the more bemusing aspects of our hobby. It is also one of the oldest, as Pliny the Elder observed to his astonishment:
Roman emperor Marcus Aurelius, "Meditations"
Apparently I have been awarded the DPOTD twice.
That is correct, my friend. In the beginning, the production of these counterfeit dollar coins was entirely based in Colombia. There was a major raid back then that seized around $500,000 in both finished coins and ready metallic blanks.
However, not too long ago, authorities conducted a raid right here in Quito and dismantled a local counterfeiting ring. They were striking 25 and 50-cent pieces, along with Presidential, Susan B. Anthony, and Sacagawea dollars. Interestingly, a Colombian national was arrested at the scene.
So, practically all the counterfeits moving here in Ecuador either come directly from Colombia, or the counterfeiters themselves have relocated to our country to run their operations locally.
There's a big difference between selling a world-famous old-time counterfeit like an Omega double eagle or a Henning nickel and selling a piece of modern Chinese crap meant to fool eBay. This difference is evidenced by a major TPG slabbing these coins as recognized, named counterfeits. They are recognized as special.
I have no problem with GC or any major auction house selling a famous, named counterfeit in a labeled TPG slab.
Yeah, a well-known Omega in a genuine TPG slab clearly labeled for what it is is the same as a poorly made Chinese fake coin in a fake slab. Yeah, right.
I know you like to argue minor points ad infinitum, but your answer completely ignores my point that these coins are in genuine TPG holders telling the world what they are. That point makes it ok for me that an auction house is selling it clearly labeled for what it is. The difference is that one of these is being honest about what is in the holder and is therefore ok to sell, and one of these is intending to deceive and is therefore not ok to sell.
Sold for $9843.75. I thought @TrickleCharge asked a great question- is a genuine high relief worth more than the winning bid was for this counterfeit?
Your argument is irrelevant to the topic of the thread. The thread is about a major auction house selling a TPG holdered, clearly labeled counterfeit.
You can go make your argument in a thread about a major auction house that cracked the coin out and is selling an Omega as real.
I asked on my FB page about values of genuine US mint examples and received this from a friend:
As I have said, I am always interested in a potential 2ndary market for things like this...
Keep in mind it is a details coin because of the scratches. Not sure how that would affect value if someone were to try passing it off as real. I suppose it's possible to get lucky and sneak it into a genuine details holder at one of the TPGS. It's hard to price it if sold as a genuine, raw coin with scratches.
If I was the PCGS marketing team, I'm not sure I'd consider it a win when someone asks AI for a picture of a counterfeit in a holder and the first TPG it thinks of is PCGS.
But then, that's just me.
How ironic that cert number is for a PCGS $20 gold coin
...
I especially like the 5 prong gasket.
To appeal as a counterfeit to me, it needs to have some interesting history behind it.
There are a lot of very interesting platinum contemporary counterfeits. Usually Spanish colonial coinage but some US.
BTW, as mentioned, I don't have a problem with counterfeits being sold as counterfeits despite potential down-market issues. And they are sold other places as well. Partial lists from two notable auction houses, Stacks Bowers and Heritage.
chopmarkedtradedollars.com
I actually love and collect many contemporary counterfeits and own a $3 Omega fake. I would love to own one of the $20's, but that was not the intent of the post...
Yes, I have seen other counterfeits listed previously in other auction forums- one famous one was an elephant token sold on SB's site as a copy. It was then sent to PCGS and certified as one of the highest graded known until I wrote a Coin Week article on them as fakes. I actually have that one now raw in my collection. I always consider the 2ndary market when I see fakes listed for sale; maybe just me.
I personally have an issue with someone trusted to aid the Hobby in ridding it of counterfeits sell one in his forum for the $"s, but just my humble opinion...