The Chinese Counterfeit Drama Unfolding...

Are you kidding me? You know why they aren't taking a stand? Because it can get you killed. Look at what happens when Tibet takes a stand...it's not very pretty. I don't believe that it's right at all, but on the other hand it's obvious that it doesn't take much to pacify a nation when you threaten (and follow through with) death for even the most minor political infraction.

I do agree that it's more than China when it comes to putting out forgeries. It's China today, but tomorrow it could be any other country.

 

Log in or Sign up to hide this ad.

Are you kidding me? You know why they aren't taking a stand? Because it can get you killed. Look at what happens when Tibet takes a stand...it's not very pretty. I don't believe that it's right at all, but on the other hand it's obvious that it doesn't take much to pacify a nation when you threaten (and follow through with) death for even the most minor political infraction.

Thats tory talk. I sure am glad our founding fathers didnt feel that way. And please. I am just kidding.

 

lets not be racial against an entire race of people just for the actions of a few bad guys ...

we could certainly be without the counterfeiters, but hold nothing against the Chinese People as a whole!!!

 

if he continues like this he will join the coins are medas guy soon he has already been warned

 

HUH?

 

What he is saying Craig is leave the politics out of it and return to coins, same goes for the rest of you guy's

 

which China are you talking about - the Republic of China or the People's republic of China - neither of them is communist - the ROC is a multi-party representative democracy and the PROC is a one party state under the control of the Communist party. the Communist party has distanced it's self from Marxism/Leninism starting in the early 1980's which was Socialist. there has never existed a communist state in all of the world, never mind one that is making counterfeit coins.

China and the USSR made counterfeit US currency during WWII. in the USSR, counterfeit US dollars were worth more than rubbles! the US made counterfeit Germany currency during WWII. that has nothing to do with the current collector's coins being counterfeited - that money was made to bring market instability during wartime.

the only state i am aware of that sponsored counterfeiting collectible coins is Libya - maybe - it still hasn't been proven that the state funded the dies.

the DPRK has been linked to making counterfeit US bills - the Super Bills - the jury is still out on that as well.

common criminals are at work, not state sponsored hijacking of currency - the Chinese state has nothing to gain from flooding the market with knock off Offset Bust halfs.

-Steve

 

I say lock it anyways.....Tired of reading all this garbage

 

One really can only assume these (recent counterfeit slabbed coins) originate in China. I was privy to some interesting information today, from a bricklayer/coin-collector...

 

So, uh which China is making counterfeit US coins? And by US I mean the United States of America. Not some other US you might have heard of.

 

Thanks for clearing that up. I dont read jibberish very well.

 

the real question is how good are the coins - if they are in slabs and of the highest quality, there will be huge problems. if they are in slabs and mediocre, then only those who are not well versed on a coin will be taken.

buy the coin, not the slab, rinse, repeat

-Steve

 

lock it up boys

 

We just dealt with one of their counterfeits, within the 1795 Draped Bust Dollar thread I posted in the U.S. Coin Chat Forum.

The counterfeits are good! If they ever fix a few "tells" it will be practically impossible to tell the difference if they are already slabbed. It was close to impossible to tell with the coin I posted and it wasn't slabbed.

Read all of that thread to better understand what we went through to identify it as a counterfeit.

Ribbit :smile

 

Huge - equal in size to the days before slabs. Plenty of counterfeits then too.

Yes, quality of the counterfeit is a MAJOR issue. Better quality = tougher to detect - which may exacerbate the problem, because it becomes more profitable as more fakes make it through.

It's a normal evolution - all technology improves, both the good and the bad. No surprise counterfeiting has improved.

So the anti-counterfeiting technology must also improve !

Part of that is us improving our own methods, which is really the old tried and true - educate thyself, improve one's eye, deal with trusted quality people, know your dealer, know your customer.

Nothing new.

If counterfeits didn't destroy the raw market, they won't destroy the slabbed market. Chicken Little says everything's falling apart, but Chicken Little has a really bad track record.

 

By what I see, counterfeits have seriously "stung" the market for Trade Dollars, so why will it be any different with the slabbed market or the new counterfeit coins? The only way I can see to fix this problem is for the grading companies to devise something that is extremly difficult to counterfeit, like electronic devices inserted into the slabs that are feasibly/practically impossible to duplicate. I also see the major grading companies offering reduced fee re-slabbing services to take all of the old slabs out of circulation, once the new anti-counterfeit slabs are created.

Ribbit :smile

 

one could always choose NOT to click on the thread....free will and all

oh, and no love affair here with China...they are just people like anywhere else. I would say the same things if people were blaming all Bulgarians for the cast crap ancients some bulgarians produce, to Turkish, or all Israelis simply because many fake coins come from there. Its a worldwide problems and these people are in every country.