I started collecting well a few years ago. I went into a pawn shop and there was a 79 cc Morgan. I looked and looked,asked the guy for a loupe. He was asking $385 for a $3000 coin. We weighed it = good. measured it =1.5 ml light. and it was thicker. I left it alone and the owner pulled it from the shelf. Can some fakes really pull that kind of money?
The whole point, for the most part anyway, of a modern fake isn't to sell as fake but as genuine, so in this respect, yes... and more. However, in cases of contemporaries as collectibles it's a different story. Exceptionally high quality counterfeits as well could certainly knowingly bring such prices from the "right" (wrong) buyer. Think of it this way, if you were one so inclined and could 10x your money, well, you get the point.
Assuming the example given is indeed counterfeit, a "premium" to what? The value of whatever metal is it made out of? A (modern) counterfeit is, well, a COUNTERFEIT, and just because one may be high quality, that would also make it more deceptive and therefore a plague upon the hobby (aka: not a good thing). With that said, sure.. someone may be able to get a premium out of such an, ahem, "coin", but likely from selling it as genuine and is, again, not a good thing.
Yes some fakes are actually worth some good money. But they have to be contemporary and either special or well pedigreed.
He has it labeled as a counterfeit. And assuming that it is a 76 twenty cent piece. which would make everything but the cc real. I think it is a cool coin as a fake 76 CC. Unless property is cheap where he is. I dont think it would buy a piece of property.
