Chinese Dollars: A good deal, or fakes?

Purchase this box of coins cheaply in a non specialist auction......the Chinese 1933 dollar is very valuable if real and the coin top right on it's side looks like a Memento Dollar 1927.....neither look obvious fakes....though I have owned enough to know many are not genuine. My concern is if the box is populated with other fakes or not? Anyway, I thought is worth the risk for £40 hammer the box. Not a good photo to go on but that's all I got. Will update the threat when it arrives, good, bad or ugly.

 

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Was this an open auction? If so, and if there was a good chance the coins were genuine, don't you think other knowledgeable collectors would have bid it up higher?

The Chinese dollar is very heavily faked, and fakes are often marketed in "junk box treasure" lots like this. I would have low expectations, but soon you'll be able to tell for sure. Good luck!

 

I bid live online.....and not sure it was open because of Covid.....it was not is a well known auction house and it was in a general sale....I have bought Chinese coins for over ten years.....and as you say, good chance they are fakes.....I am not sure I could lose financially at £40 even if they are fakes.

 

I'd wager every single coin in that box is fake. I don't see any that look genuine.

 

Top right dollar.....what looks fake about that......?

 

I was looking at that balboa and his eye doesn't look right. He looks startled.

 

Let's be real. Taiwan dollar and shanghai tael in a box. Odds of other Chinese crowns to be genuine?

I would have better luck winning the lotto than them being genuine.

 

Those did look Mickey Mouse....the 1933 didn't look an obvious fake and I have owned many....I have also bought a lottery ticked for tonight just in case none are genuine.

 

To much a gamble. Buy a coins you know are real.

 

You didn't read the Thread.....already bought them for £40

 

As I said you just bought junk without knowing it was real. Half of these coins already look fake and very common world coins not worth much. Buying world coins like this is thee worst way to buy world coins. Ya learn as you go not buy like this. Most Chinese and Japanese coins are faked.

 

All the world coins are fake........confirmed by expert.....not paid them.......so might seek to cancel.....if any of the Chinese coins were real if would have been very worthwhile and the 1933 is a rare date......and even the 1927 would have been about $300. No harm done......I usually buy from reputable dealers and get my coins slabbed at NGC, as I do my notes.....

 

But not for the seller, who had the coins in-hand and could easily check their authenticity. That's why auctions for lots like this are a bad bet.

Now, having said that, I have had good luck with eBay lots that were obviously gathered and listed by people who didn't know or care about details. Those sellers didn't keep selling the same kind of lot over and over again, and they didn't enthuse about how "there might be treasures here", and they didn't casually arrange the coins to highlight rarities or key dates.

 

If something is too good to be true.....

 

All counterfeit

 

You have my best wishes...let us know when they get in

 

That's how counterfeiters make money when threads like this appear - greed.

 

lol........not getting rich off me.........£40........and cancelled the sale.

 

This should be placed in a hall of shame.

Imagine this - counterfeiters coming across this thread and laughing their head off as they've managed to fool not only an auction house as well as an amateur dealer that supposedly deals with genuine Chinese coins.

The cost of producing such counterfeits is estimated to be less than 0.5 pound / coin. Maybe 5 or so Chinese crowns so less than 4 pounds. And sold at 10 times the value.

What a great business. Not.

Embarrassing

 

I find the sort of spiteful comments on here hilarious.....and people do not read the whole threat. Fooling a non numismatic AH is not difficult. Two, I took an educated guess that they might or were probably fake, and only bid a nominal sum.........three......I cancelled the sale anyway.....embarrassing.....? You are embarrassing for talking such crap.