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03-24-2009, 06:09 PM
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#1 (permalink)
| | Indian Buffalo Gatherer
Join Date: Feb 2009 Location: San Antonio
Posts: 6,395
My Mood: | Counterfit morgans! Must read!
Getting minted everyday!!!! http://coins.about.com/od/worldcoins...rfeiting-Ring/
I can't tell the difference...These look like 68's, 69's and 70's...Look like US bullion strikings...
Amazing how those communists don't have a law against this, but I answered that by saying communists..
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03-24-2009, 06:14 PM
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#2 (permalink)
| | ANA# R3152287
Join Date: Apr 2008 Location: Illinois
Posts: 1,702
My Mood: | Quote:
Originally Posted by tmoneyeagles Getting minted everyday!!!! http://coins.about.com/od/worldcoins...rfeiting-Ring/
I can't tell the difference...These look like 68's, 69's and 70's...Look like US bullion strikings...
Amazing how those communists don't have a law against this, but I answered that by saying communists.. |
This was posted last November. Already knew. This is why most people don't understand when I say you can't even trust a common Morgan to be authentic anymore. Or even a silver quarter for that matter.
__________________
When the well's dry, we know the worth of water.
- Benjamin Franklin
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03-24-2009, 06:15 PM
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#3 (permalink)
| | Indian Buffalo Gatherer
Join Date: Feb 2009 Location: San Antonio
Posts: 6,395
My Mood: | Quote:
Originally Posted by Vess1 This was posted last November. Already knew. This is why most people don't understand when I say you can't even trust a common Morgan to be authentic anymore. Or even a silver quarter for that matter. | Me and my buddies just found out...This is shocking to me
I knew there were fakes, but OMG.
This is ridiculous
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03-24-2009, 06:23 PM
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#4 (permalink)
| | Numismatist In Training
Join Date: Dec 2007 Location: Colorado Springs, CO
Posts: 5,027
My Mood: |
This has been discussed at length here. Coin World ran an excellent series of articles (3 in December and one in January) on the Chinese counterfeits. You should get a copy of those CW issues (or read them on-line if you are a subscriber) and also do a search on CoinTalk for "Chinese counterfeits".
__________________ No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money . . . - US Constitution, Article 1, Section 10 ANA LM-3799; OHNS LM-59; SUSCC R-4005. All coins stored in bank safe deposit box. |
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03-24-2009, 06:25 PM
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#5 (permalink)
| | Indian Buffalo Gatherer
Join Date: Feb 2009 Location: San Antonio
Posts: 6,395
My Mood: | Quote:
Originally Posted by Hobo This has been discussed at length here. Coin World ran an excellent series of articles (3 in December and one in January) on the Chinese counterfeits. You should get a copy of those CW issues (or read them on-line if you are a subscriber) and also do a search on CoinTalk for "Chinese counterfeits". | Alright..Will do! |
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03-24-2009, 06:28 PM
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#6 (permalink)
| | Junior Member
Join Date: Mar 2009
Posts: 6
My Mood: |
So they also are counterfieting slabs as well this is freaking scarey
I had no idea it was this organized and how many of these little fake mints are in China
Whats a boy to do
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03-24-2009, 06:31 PM
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#7 (permalink)
| | Indian Buffalo Gatherer
Join Date: Feb 2009 Location: San Antonio
Posts: 6,395
My Mood: | Quote:
Originally Posted by zurn So they also are counterfieting slabs as well this is freaking scarey
I had no idea it was this organized and how many of these little fake mints are in China
Whats a boy to do | YAY! Somebody who doesn't know! lol
Well... no telling the mintage.
The fake NGC slabs are easy to tell, if you have the right pics to compare them with
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03-24-2009, 06:47 PM
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#8 (permalink)
| | Junior Member
Join Date: Mar 2009
Posts: 6
My Mood: |
Plus I would imagine the holo seals would be hard to fake
I knew there was counterfiting going on alot of people on ebay just plain avoid China sellers. But I guess we just have to really educate ouselves. Is that enough?
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03-24-2009, 06:48 PM
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#9 (permalink)
| | Indian Buffalo Gatherer
Join Date: Feb 2009 Location: San Antonio
Posts: 6,395
My Mood: | Quote:
Originally Posted by zurn Plus I would imagine the holo seals would be hard to fake
I knew there was counterfiting going on alot of people on ebay just plain avoid China sellers. But I guess we just have to really educate ouselves. Is that enough? |
as long as dishonest people roam the earth, it will never be enough
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03-24-2009, 06:32 PM
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#10 (permalink)
| | Yep
Join Date: Feb 2008 Location: Krasny Vostok
Posts: 2,533
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The interesting thing in China is, when you try to buy fakes there they want more money for the fake stuff than they do the real stuff when you are in markets etc.
I bought real coins and banknotes there, but could drive easy bargains on them, the fakes on the other hand, they priced them firmly - maybe to give them an air of authenticity or something. I never managed to buy any 1799 Morgan dollars etc. because I was never willing to go their prices.
I did find some interesting modern gold pandas etc, along with some Ming dynasty coins that I collect.
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03-24-2009, 06:37 PM
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#11 (permalink)
| | U.S. Money Collector
Join Date: Aug 2005 Location: Phoenix, AZ
Posts: 3,019
My Mood: | Quote:
Originally Posted by scottishmoney I never managed to buy any 1799 Morgan dollars etc. | thats good, because they are surely fake. |
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03-24-2009, 06:38 PM
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#12 (permalink)
| | Indian Buffalo Gatherer
Join Date: Feb 2009 Location: San Antonio
Posts: 6,395
My Mood: |
Yeah! No 1799 morgans for you! lol
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03-24-2009, 07:04 PM
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#13 (permalink)
| | You get what you pay for.
Join Date: Feb 2006 Location: Nebraska/Iowa
Posts: 4,770
My Mood: |
trust nothing, I've spotted quite a few good fakes already in my local area which means this chinese crap is all over the country.
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03-24-2009, 07:06 PM
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#14 (permalink)
| | Indian Buffalo Gatherer
Join Date: Feb 2009 Location: San Antonio
Posts: 6,395
My Mood: | Quote:
Originally Posted by bqcoins trust nothing, I've spotted quite a few good fakes already in my local area which means this chinese crap is all over the country. | What is weird, is that now I don't by raw anything...Unless it is paper currency or wheaties...silver dimes, barbers etc
I'm too afraid to buy raw morgans now
I think buying NGC morgans is okay, but who knows, there might be fakes in that too!
Well, lets just hope we all have some real ones! lol
I hope I do!
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03-24-2009, 10:05 PM
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#15 (permalink)
| | ANA# R3152287
Join Date: Apr 2008 Location: Illinois
Posts: 1,702
My Mood: |
It's hard for me to buy a loose Morgan anymore. I've done it but I always cringe because you just never know. The new counterfeits are excellent and obviously meant to fool. It's not like you can expect some glaring defect to tip you off. I'm so paranoid, I can look and look at what's probably a real one and yet find something suspect and pass for one reason or another.
Most here suspect a percentage probably pass as real ones through the TPG's as well. The uninformed and casual collector doesn't have a chance.
__________________
When the well's dry, we know the worth of water.
- Benjamin Franklin
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