Fake Morgan Silver Dollar?

Holy crap, is that a 1921 I see that was counterfeited? What point is there in doing that?? Even in AU condition, you can buy 1921 Morgans for easily $23-$24 each at a shop.

The Chinese are getting sloppy!
Also, many of them have a certain "color" to them on the surface that differs from legitimate silver dollars. Hard to explain but I can see that in more than half of the coins in that photo.

 

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C G It is quite apparent the 82' is larger and thicker. No need for scale calibration.

 

EBAY HAS YOUR BACK

 

Well, I have in my box of counterfeit coins I have common date Lincoln cents, so I figure they must be using some of these to train young "artists" in the craft, as any other reason makes little sense. Yes, some fakes stick out like sore thumbs; bad color, too thick, etc.

But as for who the Chinese are fooling, it's new collectors, investors with no background in rare coins, and younger kids. It's obviously paying off or they would not do it. But when one collector sent me four "uncirculated" 1804 Draped Bust Dollars it became clear that many buyers out there don't know much about the coins they were acquiring. "If it's for sale on the internet it's real" equates to "it you read it on the internet it's true" to too many people shopping out there.

 

Yes, eBay has your back ... today, but that's not always been true. Plus you have to know you have bought a fake before you're inclined to return it to the seller for a refund, or seek a refund thru PayPal or eBay. Too many fail to realize they've bought a fake until they need money and decide to sell it on eBay, by that time they don't even remember who they bought the coin from or when ... then eBay can't fix it.

 

I was speaking about the OP's question. He asked, he got replies, he can return the fake one.Also (i may be wrong here) the Chinese don't sell them as real.If you have a link to Chinese selling "real" Morgans i would love to look at it.
Thanks
Mike

 

Ed23. Guess i was naive in my thinking. The good Chinese sellers don't. The Chinese counterfeiters do but not so much on the Chinese everyday websites and probably not even in China.
My bad.

 

Can you say ALIBABA??????

 

For the uniformed like myself.
http://coins.about.com/od/worldcoin.../Chinese-Fake-Morgan-Dollars.htm#step-heading

 

Every time an American travels to China (the Olympics were big) unknowing people buy old coins that someone "found in their grandfather's things" when he died that they are willing to sell for a souvenir to a "new friend" ... I was reading in one coin magazine that the feds shut down a huge Chinese counterfeit trafficking operation, and that was just a couple of years ago. So they do sell them to people to sell to others, and I'm sure the Feds haven't shut down every counterfeiting ring out of China.

As for the Chinese having a website that sells coins as genuine which are fakes I can't say they do or they don't. One only has to look at eBay to find a few coin dealers from China. If they have real or genuine coins I can't say since I do not buy anything from a dealer in China. But there are also numerous dealers who are in other countries around the world who also sell coins. One must ask, do they buy their coins from China, or, do they make their own fakes, or, are they selling only real coins? There are plenty of scumbag American based coin dealers on eBay who sell fakes or copies without ever buying from outside the US; a good guide to know who to avoid is to always check their feedback before buying.

Today, eBay has mostly cleaned up their sellers and is open to getting money back from sellers who are taken advantage of. I both buy and sell on eBay and like what they've done to insure people are taken care of who shop eBay.

But as I said above, the buyer has to know they have been taken or "eBay having their back" does them no good. And too many new buyers don't ask questions of local dealers they can talk to face to face with about the coin they bought until it's too late to return it, or, they have taken so long to seek advice about a coin purchase they don't remember who, where or when they bought the coin in question.

 

Checked ALIBABA. Most said replica and the one's that did not specify were selling them for $1.25/$1.50. I saw a slabbed Silver eagle for $5.00 if you bought 50 of them.

 

Yes, but today they have more than 40 thieves. LOL

 

Quite correct Sir ;o)

 

It seems to me the claim that "today, ebay has mostly cleaned up their sellers" is highly debatable. While they may be quick to refund buyers, there is no shortage of counterfeit material available to temp the inexperienced the above-quoted gentleman wrote of. Much, much more could and should be done, but I'm not holding my breath.

 

Very eloquently put Mr. Reader. Looking forward to your new Numismatic buyers website.
Cheers
Mike

 

You didn't say what you paid, but the concensus (myself included) is that the 1882-S is counterfeit and the 1887 is so worn (for a common date) that it just doesn't make sense to hold onto it. Regardless of the Seller's Return Policy you can open a CASE in the Resolution Center and the Seller will either accept the Return or eBay will Resolve the Case in your favor; either way, a return Shipping Label will be provided at no cost to you.

 

If you remember about two years ago, I guarantee you could've put a complete Morgan dollar set together from Chinese counterfeits advertising "to make your collection more perfect."

 

I'm not sure

Yes, eBay could do more to dump the number of sellers who are taking advantage of others, but buyers also need to be aware of ways to avoid being the victim of a scam.

The number one way a buyer can avoid problems is to always check the seller's feedback. If they have a dozen or more negative and neutral feedbacks in the past 6 months look at what the buyer said and what the seller said. If all of the negative feedback is all from one buyer, and that buyer has less than 100 feedbacks then my rule is to dismiss the negatives as due to a novice buyer not getting exactly what he expected; an exception to my rule is: if the negative feedback is due to their selling fakes.

If the seller has dozens of negative/neutral feedbacks on a regular basis then look somewhere else to buy. If buyers will report buying fakes (sold as genuine) then eBay will deal with them accordingly. For example, I bought some gold nuggets from one dealer who had 100% positive feedback. The nuggets looked great, but when I tested them they turned out to be gold plated copper. My negative was the first for that seller. Within a week multiple buyers who had left positive feedback earlier had their nuggets tested, a few contacted me to tell me they had their nuggets tested and they were also fakes. If you don't know how to test gold most pawn shops will do it for you, but don't just sit there. Crooks benefit from you being too trusting.

My point is the buyer is often his own worst enemy on eBay, but if the buyer does his part to protect himself a lot of "problems" on eBay will take care of themselves. Even though some people will never be pleased, if we as a coin community avoid doing business with those who have a lot of negative feedback then those questionable dealers will either go out of business, or, clean up their act significantly.

 

I disagree. The profit margin is so large that all it takes is a small number of buyers to keep the doors open.

 

It only takes a few ill-informed buyers to support a thief. That's why reporting these thieves to eBay is important.