1943 Copper Penny Found

Discussion in 'Error Coins' started by jpodles7, Jun 14, 2012.

  1. jpodles7

    jpodles7 Member

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  3. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    No, my feathers are not ruffled in the least. Odds are it's some poor Chinese people trying to get by. I'm not saying that's ok, nor am I endorsing the idea, but I can understand why it is being done.

    There are ways for collectors to avoid and detect counterfeits and if they are unsure they shouldn't buy or should ask for advice.
     
  4. desertgem

    desertgem Senior Errer Collecktor Supporter

    The first sample of any good counterfeit may make it through a TPG, because most are caught by comparisons with previous ones. Not the bad off weight, misspelled , off metal,obviously cast,etc. But if private minters in the US can make near perfect copies of a US coin, then don't sell the foreign minters short. Some of the Chinese minters are using old US Mint equipment just like the domestic minters. Modern milling equipment makes die manufacture easier each new version.
    Knowledge and keeping up with newly discovered fakes is the best preventive, and the TPG and coin organizations are doing the best they can. I can't criticize their efforts. IMO.

    Jim
     
  5. medoraman

    medoraman Supporter! Supporter

    Neither can I. I do believe counterfeit detection is the one universal good TPG has brought to US numismatics.

    Someone should bookmark this, Chris praising the TPG's. :)
     
  6. Collect89

    Collect89 Coin Collector

    I'm trying to understand this thread.

    NGC early bird service is currently 12-days. NGC's express service is 48 hours at significantly higher cost. Do I understand that someone else is paying for your submission & they are promising the coin back before next Thursday? Is this due to the possible value of the coin if they deem it genuine?
     
  7. jpodles7

    jpodles7 Member

    Not sure, he just told me hed try to have it back before thursday afternoon (dont know if he has any control anyway)
     
  8. jpodles7

    jpodles7 Member

    I understand this but there are a thousand different ways to make money than scamming poor coin collectors by performing U.S felonies and counterfeiting currency, better to pickpocket or get a job.
     
  9. jpodles7

    jpodles7 Member

    I think more of these counterfeiters sell them as fakes (not putting the replica stamp on them tho) but its the people who buy them that have the bad intentions of aging/altering them to make them good fakes and selling them.
     
  10. Doug21

    Doug21 Coin Hoarder

    There is too much info out there for the counterfeiters to improve their craft....If you know what to look for as a collector, they know how to fake it better, as well !
     
  11. silentnviolent

    silentnviolent accumulator--selling--make an offer I can't refuse

    I can see where the plating is scraped off the rim at bottom, center of lincoln's bust. sorry.
     
  12. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Who is to say they don't have jobs in the first place? Or maybe counterfeiting is their job?
    I sincerely doubt counterfeiters are doing it for the simple reason of hatred towards Americans.
    And I don't really see pick-pocketing as being any better than counterfeiting. Both are immoral and both do harm.

    And once again I don't really think of the collectors as "poor."
    I repeat that there are ways for collectors to avoid and detect counterfeits and if they are unsure they shouldn't buy or should ask for advice. People get ripped buying a raw, key date coin from China at a wonderful price and then they wonder in shock as to why everybody on the coin forums is calling their coin a fake.

    It comes down to education really.

    Which is what forums and numerous other websites and publications are there for.
     
  13. Collect89

    Collect89 Coin Collector

    OK so the dealer will get it back by Thursday afternoon. I'm assuming that it is shipping back to the dealer & not shipping directly to you. This is good (I think) because you would not want it to be sitting in your mailbox or at the post office while you are away in England.
     
  14. lincolncent

    lincolncent Future Storm Chaser Guy

    If that reverse "doubling" doesn't scream fake I don't know what does. Looks like it was drawn on there with a pencil.
     
  15. fretboard

    fretboard Defender of Old Coinage!

    Oh my a 1943 penny in high relief. Casted no doubt from Sum Yung Guy in China! :D
     
  16. jpodles7

    jpodles7 Member

    Exactly
     
  17. jpodles7

    jpodles7 Member

    hahahaha
     
  18. jpodles7

    jpodles7 Member

    its not plated, we already checked weight and magnet
     
  19. silentnviolent

    silentnviolent accumulator--selling--make an offer I can't refuse

    This didn't tell me the weight. What did it weigh? Mint allows +/- .2g so.... a steel can weigh as much as 2.7g, whereas the copper can weigh as little as 2.91g. Anything in that area between would be highly suspect... As far as the magnet test, pics or it didn't happen! ;) When will you be back to see the outcome?
     
  20. ldhair

    ldhair Clean Supporter

    I'm not sure your figures are correct.
     
  21. silentnviolent

    silentnviolent accumulator--selling--make an offer I can't refuse

    You are right. I didn't have my book in front of me at the time. Now I do :)
    According to the Authoritative Reference on Lincoln Cents:

    Cents 1909-1942 weigh 48 grains +/- 2 grains, which converts to 3.11034768 grams +/- 0.12959782 grams

    Cents in early 1943 weigh 41.5 grains +/-3 grains, which converts to 2.689154765 grams +/- 0.19439673 grams (Steel Cent)

    Cents minted in and after May 1943 weigh 42.4 grains +/- 3.5 grains, which converts to 2.747473784 grams +/- 0.226796185 grams (also Steel)

    Cents minted 1944-1982 all are the same standards as pre-1943, with small changes made in the alloys.
    Glad I had the chance to put in a correction.
     
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