Had someone respond to an ad I put in for buying old coins and currency. Among the list of things they sent me was 1832 half cent and 1864 two cent. questions: are there many fakes around of these? If yes how do you tell the difference? Thanks guys!
You do it the same way you do with any coin, you weigh them, you measure them and you observe them. But unless you are really well versed with the coins in question you have a 50/50 shot or less of being right unless they are really very poor fakes. There's simply too much to know for the average collector to have much chance of being right. Transfer dies will often copy all the diagnostics of a genuine coin. And if they do then you have to know the specific diagnostics like tiny repeating depressions or raised bumps in specific locations to be able to identify a known fake. And when you throw in the modern Chinese fakes, you might as well flip a coin to determine authenticity. About the best thing I could say would be this - if you have to ask that question, you can't do it.
With the proliferation of Chinese fakes, I would say we simply do not know. The two coins you list have not historically had large amounts of fakes simply since they were not very valuable. however, I have seen fakes of even more common coins. Older fakes of common coins are usually easy to tell by the method Doug speaks of. Modern Chinese fakes are much harder, but I have not SPECIFICALLY heard of these coins coming from China. Not yet anyway. When I was there I saw lots of coins that would retail for $300-$700 normally, along with the common, low end fakes like trade dollars made from base metal.
It is now possible to get every year of US Half cent from the Chinese factories. If you know the eraly coppers it isn't too hard to identify them but I have seen them fool a lot of non copper specialists.
I will address the two cent piece. First I will assume that you own or have access to a Red Book, as the pictures there can be of help for you. I am aware of only two manufacturers of two cent pieces in China. Examples of both have been examined closely, these are shown below. A study of these two specimens verses a genuine example will quickly yield the major differences. I would recommend that you study genuine examples, in hand, or via high resolution pictures available on the internet at major auction houses such as Heritage, Goldberg, Stacks, or TeleTrade. I will include a picture of known genuine US Two Cent pieces from 1864 to aid you in comparing to the known counterfeit examples. Good Luck
Thank you Conder, Great info PennyGuy!! Thank you! From the pictures it looks like it is fairly easy to tell. Thank you both again. I will update after I have them in hand.