There are so many counterfeits on Ebay, I feel sorry for the unsuspecting people who fall for them. So, to help prevent one of our members from falling prey to one, I'm starting this thread for the purpose of centralizing threads for counterfeit items on Ebay and elsewhere's. Our first contestant is: http://cgi.ebay.com/ws/eBayISAPI.dl...item=230235706036&_trksid=p3984.cWAT.m240.lVI To see a REAL $100.00 Gold Certificate, look here: http://www.rmcurrency.com/notes/enlarge.php3?img=1928100gold.jpg&width=973&height=439 What gives the first one away is the Federal Reserve Note at the very top of the bill, the lack of "fiber" in the paper (see the close-up shot) and the fact it would be worth over $800.00 and is currently selling on Ebay for just over $100.00 with only 4 hours to go. Beware of great deals on Ebay. If it looks to good to be true, it probably is. Approach with caution! Ribbit :smile
here is some info on the 1928A gold certs .. Series 1928A was printed in denominations of $10, $20 and $100, but were never released to the public. BEP records indicate that notes were delivered, but none appear to have been released to the public. There is some discrepancy as to whether these notes were destroyed or whether they are in a storage vault at the United States Treasury building in Washington, DC
That info not entirely correct. It was sometime in 1928 that they ceased to be issued but some were circulated and in 1934 they issued the new bills. Remember the story about the 10 1933 Double Eagles? For more accurate information, please read this: http://en.wikipedia.org/wiki/Gold_certificate It was the 1934 Gold issue that never made it to the public: http://en.wikipedia.org/wiki/Image:Series1934_100gold_obverse.jpg 1934: similar to 1928 version, gold back, for bank use only to settle gold balances. Still not legal to privately own. Ribbit :smile
I've already reported both counterfeit bills (posted so far) to Ebay. They have now been brought into the situation and are liable, Therefore, it is now their responsibility to report it to the Feds. Ribbit :smile
Update on circulation discussion: Series 1928 was printed in denominations of $10, $20, $50, $100, $1,000, $5,000 and $10,000. Series 1928A was printed in denominations of $10, $20 and $100, but were never released to the public. BEP records indicate that notes were delivered, but none appear to have been released to the public. There is some discrepancy as to whether these notes were destroyed or whether they are in a storage vault at the United States Treasury building in Washington, DC. Series 1934 was printed in a $100,000 denomination only which was intended for use only in fiscal channels and was never released to general circulation. This would make them illegal to be held even by collectors. Addem 1 - It appears the 1928 series is legit but the 1928A series is the one which never made it to circulation and is the two bills being discussed here and it appears there was a design change with the 1928A series and the backs looked just like the Federal Reserve Notes (non-gold certificates) but I cannot find anything that says the front changed too. Addem 2: Here is what I just found out: The only small size Gold Certificates you’ll run into are Series of 1928. Small size Series 1928A and Series 1934 Gold Certificates were also printed but the former was never released, and the later was only used within the Federal Reserve System. 1928A $100 Federal Reserve Notes are something entirely different. They do not have the traditional gold seal and serial numbers. They are often confused with gold certificates because some of the earlier $100 Feds (Series 1928 and 1928A) contain the popular “redeemable in gold” clause. So the front of the bills changed also and these bills in question may be legit?
Are there any concerns regarding counterfeit slabbed coins? ie. someone duplicating the PCGS slabs and putting in a counterfeit
Considering i have seen a dozen or so notes, all with different serial numbers for the 1928A - all just today .. i think they are legit. I could be wrong too though lol. They look as real as can be! Maybe gatzdon of Numbers or anyone else will pop in and fill in the gaps.
I just picked on it first. I'm not done! There are plenty more where that came from and I assure you, we'll get more metal into this thread shortly. Ribbit :smile
Hey guys! As many of you know from reading my post, I was one that fell into this trap. Thanks for bringing this thread onboard toad!! Here is a link to my recent counterfeit purchase for any who have not seen it yet. http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=300203080580 btw: to all that feel confident that the coin pictured is counterfeit....feel free to report it. I have already, but I don't think it would hurt to give ebay additional input, and I would greatly appreciate it. I am in the process of trying to get my money back. Also, if any others fell into this trap, please let us know!! I think if enough things get reported before the sale(only if your SURE its fake), it could help cut back on fraudulent sales. Maybe just a little, but every little bit helps. Sellers need to know they can't get away with this. thanks, John
The problem with the "first contestant" in this thread is not that it is counterfeit, it is misidentified. It is a Federal Reserve Note, not a Gold Certificate.
These bills are not counterfeit, the sellers are just misinformed. Up until 1933, all Federal Reserve Notes were backed up, at least partially, by gold, hence the "Redeemable in gold" clause. In 1933, when gold was recalled, the clause changed to "lawful money" i.e. silver or (nowadays) more FRNs. In the case of the eBay auctions, the seller read the "Redeemable in gold" and immideately thought it was a Gold Cerificate.
