What happens to all of the fake, altered date, mintmark etc. coins that collectors and dealers get s
Michigan
Posts: 4,942 ✭
A dishonest person will probably try and sell them to the unsuspecting, that is a given but how about someone who is honest?
Do you take a hacksaw or something similar and just cut the coin in two and throw it away so nobody else ever gets stuck with it
or keep it yourself as a learning tool? It seems to me that with all of the books out there on counterfeit detection the best thing
to do would be to destroy it so that it never falls into unwary hands by accident.
Do you take a hacksaw or something similar and just cut the coin in two and throw it away so nobody else ever gets stuck with it
or keep it yourself as a learning tool? It seems to me that with all of the books out there on counterfeit detection the best thing
to do would be to destroy it so that it never falls into unwary hands by accident.
0
Comments
K S
They only "fakes" they sell are gold coins (which are real gold) to people for jewelry. Looks good, is real gold, and they are going to ruin it anyway mounting it in a bezel.
Edited to add: There is full disclosure when they sell them for jewelry.
-Paul
An authorized PCGS dealer, and a contributor to the Red Book.
Some counterfeit coins are collectible, but those are generally the ones that were done contemporaneously with the genuine issued coins. Some actually sell for a pretty penny.
Then there are the historic electro's that many specialists will purchase as an addition to their collections.
Many of the fakes end up being donated to educational programs that use them for instruction, like the ANA in their counterfeit programs.
All dealers have them. Most were purchased knowingly but, unfortunately, some are discovered after purchase.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
<< <i>I've got one, an 1846 Seated Half Dime, altered date. As long as it's in my collection it won't be advertised as a real 1846. I may counterstamp the reverse if I ever get rid of the coin just to make sure no one is ever scammed with it.
With the exception of the altered date, that's a lovely coin.
My first thought is that the altered date is so obvious, that the coin doesn't need to be counterstamped at all.
My second thought is that if you insist on a counter stamp, how about stamping "XXXX" over the altered date. That way you're only destroying a part of the coin someone else as already messed with, and leaving the rest of the beauty of the coin untouched.
<< <i>My second thought is that if you insist on a counter stamp, how about stamping "XXXX" over the altered date. That way you're only destroying a part of the coin someone else as already messed with, and leaving the rest of the beauty of the coin untouched. >>
I'll leave the date as it is so whoever owns it can see the metal movement and study it. A small "A.D." stamped on the reverse field under DIME would be enough to take care of it.
The coin is supposed to be solid silver. Mine is silver plated with the plating very worn to reveal copper underneath. My feeling is this coin was made way back in the day. I do not think someone faked the wear because why would you want to reveal the copper? My guess is that before the US made it's own coins, this was used and accepted by merchants. Then they passed it off as change.
The origin is unknown. But as a fake I feel it is worth something so I am keeping it.