A Welcome change-American Eagle design changes

Discussion in 'Coin Chat' started by thomas mozzillo, Oct 15, 2019.

Tags:
Page 2 of 2
  1. fretboard

    fretboard Defender of Old Coinage!

    As long as Sum Yung Gai is around, they will counterfeit anything we put out! laughhard.gif China has survived on intellectual property theft for years and unfortunately, nothing we have done so far has been able to change that. :cigar:
     
    fretboard, Oct 16, 2019
    #21 + Quote Reply
    Mainebill and PlanoSteve like this.
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. -jeffB

    -jeffB Greshams LEO Supporter

    Sounds like synthetic luster to me, which makes me wonder how they'd produce dies that maintain the effect across a reasonable number of strikes. Seems like it would wear down (turn into conventional flow lines) over time.

    And, as @fretboard says, what one factory can produce, another factory can reproduce -- assuming the US mint doesn't have some hard-to-steal technical advantage.
     
    -jeffB, Oct 16, 2019
    #22 + Quote Reply
  4. Santinidollar

    Santinidollar Supporter! Supporter

    If anti counterfeiting technology is added, is it necessary to change the design? Or is this an excuse for busy little hands at the Mint to impose some more of those wonderfully cartoonish designs they so love?
     
    Santinidollar, Oct 16, 2019
    #23 + Quote Reply
    Greg Bayes and Mainebill like this.
  5. thomas mozzillo

    thomas mozzillo Well-Known Member

    thomas mozzillo, Oct 17, 2019
    #24 + Quote Reply
    GoldFinger1969 likes this.
  6. -jeffB

    -jeffB Greshams LEO Supporter

    As an "explanation" the stuff from the RCM leaves a lot to be desired. "We zoom in on microscopic die characteristics, which we won't specifically identify, because we want to make sure only our readers can distinguish them."

    Security through obscurity works until someone gets a peek behind the veil of obscurity. When you're minting millions of coins, and distributing hundreds or thousands of readers, someone is eventually going to peek.

    Maybe nobody's succeeded yet, and this authentication scheme adds value as a result. But if someone ever figures out how to produce (say) counterfeit 2018 Gold Maples, it ruins the authenticity test for all the 2018 Gold Maples sitting in vaults, SDBs, or dealer cases.
     
    -jeffB, Oct 17, 2019
    #25 + Quote Reply
    GoldFinger1969 likes this.
  7. GDJMSP

    GDJMSP Numismatist Moderator

    The best you can ever hope for is to slow counterfeiting down for a while because eventually the counterfeiters are going to figure out how to overcome whatever you do to thwart them. This has been the case throughout recorded history, and it's never gonna stop.
     
    GDJMSP, Oct 17, 2019
    #26 + Quote Reply
    GoldFinger1969 likes this.
  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I would think that minting counterfeit change or bullion coins is more difficult than currency. Less profitable, too.
     
    GoldFinger1969, Oct 18, 2019
    #27 + Quote Reply
  9. GDJMSP

    GDJMSP Numismatist Moderator

    Yeah, a lot of folks think that but it's not true. Making them is a whole lot easier and so is passing them. So it can actually be more profitable.

    Think about it for a minute. Two ways to make them, use a coin press or casting molds - both can turn out a lot of coins in a very short time and at a very low cost. And if counterfeit coins, bullion or regular coins are passed - nobody even gives them a second look, nobody ever checks them. And there is no way to check them unless one knows the die diagnostics. So volume and ease of passage makes up for low denomination.

    And if counterfeit coins are being made for collectors, the value of a single coin far surpasses the largest denomination bill there is - while cost is still very low on a relative basis.

    With counterfeit bills, checking them is easy and fast with one of the special marking pens. But typically only high denomination bills are ever checked. Which is why the $1 bill is the one most often counterfeited - because nobody ever gives them a 2nd look. But they still have to be made of the right "paper" because people do notice how they feel - and getting the right "paper" makes it more difficult and costly.
     
    GDJMSP, Oct 19, 2019
    #28 + Quote Reply
    GoldFinger1969 likes this.
Page 2 of 2
Draft saved Draft deleted

Share This Page