Trade Dollars, how do you know??

Great Britian Trade Dollars

Do you think Great Britain Trade dollars will be subject to forgery.
I picked one up on auction from the Bombay Mint 1899, $19.99 s&h.

 

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So apparently, if you want to be sure, purchase your trade dollars certified by PCGS, NGC or ANACS. Unless of course, you are dealing face to face with the seller and have the skillls to detect the fakes.

 

Coinoke,

I haven't kept track of the British coins so I'm really not in a position to answer you. Sorry.

catman

 

More accurately, GB TDs will continue to be subject to forgery.

U.S., British and Japanese Trade Dollars, as well as Japanese Dragon Yen and other "silver dollar size" silver coins which circulated throughout Asia as bullion in the 19th and early 20th Century, were all the subject of contemporary counterfeiting; and they continue to be the subject of Chinese, Bulgarian, and other modern forgeries.

Many fakes, especially castings, can be spotted by appearance in EBay and other auction site pictures; or by information on their weight and/or diameter; but it is absotively, posilutely impossible to be certain that a coin is authentic without an in-hand examination, an accurate scale, and an experienced eye.

Don't ever buy such a coin that has not been authenticated by a top four TPG or affiliated service, unless

• the seller has a full refund (including S/H) return policy
• you can verify that the policy is actually followed, and
• you are in contact with an expert who can check the coin.

When you see an offer of 20 Trade Dollars for $19.95 plus $20 s/h, as soon as you get up from rolling on the floor laughing, run, don't walk, to the nearest exit! They are fakes.

 

Good point GDJMSP...! However I doubt that a 1964-D cent has ever been counterfeited ..(LOL)

catman

 

Thanks for posting that eBay listing... The Seller is selling another lot that I just reported to eBay as "unmarked" counterfeits. I wonder how many newbies bought a similar lot thinking that for 100 bucks they would get 50 real "CC" Trade Dollars... not even in your dreams could that happen! Caveat emptor!

 

I think that's a great idea. As soon as I find a couple that I can get without paying $20 s/h, I'm planning on purchasing some just so I can see the differences close-up.

 

You're welcome, I found very interesting that there was a topic about trade dollars here...about not buying from china and that listing, this is the 1st time a look for trade dollars and that's what I found! haha I posted it so others with more knowledge on the topic could use it as a tool for discussion.

 

Hello IvanV, I was just wondering what the going price for Morgan and Peace dollars is in Puerto Rico? A couple of years ago, I saw a case in a mall in either Ponce' or Mayaguez (I can't remember which). But they wanted $80 for a 1922 peace dollar Is that normal for the area? I didn't see too much in the way of coin shops anywhere so I guess you pretty much have to stick to the internet.

BTW, I hope to make my fourth trip to PR in the near future. You just can't get empanadillas and coors beer like you can in Puerto Rico anywhere else.

 

Hello Dave!, well to be honest I don't know, because as you noticed...there's no Coin Shops/Dealers around, I personally haven't found ONE!, one small shops selling State Quarters but that's it, just a few of them...and I've been told you can find some coins in flea markets around, so I don't really know about local prices or anything, so I have to stick 100% into the internet.

You're sooooo right here! empanadillas and a nice cold beer...what else you need for a nice vacation? I know! a BU S-VDB in your change of the empanadillas!

Hope this helps a little

Ivan