Counterfit morgans! Must read!

Getting minted everyday!!!!

http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting-Ring/

I can't tell the difference...These look like 68's, 69's and 70's...Look like US bullion strikings...
Amazing how those communists don't have a law against this, but I answered that by saying communists..

 

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This was posted last November. Already knew. This is why most people don't understand when I say you can't even trust a common Morgan to be authentic anymore. Or even a silver quarter for that matter.

 

Me and my buddies just found out...This is shocking to me
I knew there were fakes, but OMG.
This is ridiculous

 

This has been discussed at length here. Coin World ran an excellent series of articles (3 in December and one in January) on the Chinese counterfeits. You should get a copy of those CW issues (or read them on-line if you are a subscriber) and also do a search on CoinTalk for "Chinese counterfeits".

 

Alright..Will do!

 

So they also are counterfieting slabs as well this is freaking scarey
I had no idea it was this organized and how many of these little fake mints are in China
Whats a boy to do

 

YAY! Somebody who doesn't know! lol
Well... no telling the mintage.
The fake NGC slabs are easy to tell, if you have the right pics to compare them with

 

The interesting thing in China is, when you try to buy fakes there they want more money for the fake stuff than they do the real stuff when you are in markets etc.

I bought real coins and banknotes there, but could drive easy bargains on them, the fakes on the other hand, they priced them firmly - maybe to give them an air of authenticity or something. I never managed to buy any 1799 Morgan dollars etc. because I was never willing to go their prices.

I did find some interesting modern gold pandas etc, along with some Ming dynasty coins that I collect.

 

thats good, because they are surely fake.

 

Yeah! No 1799 morgans for you! lol

 

Plus I would imagine the holo seals would be hard to fake
I knew there was counterfiting going on alot of people on ebay just plain avoid China sellers. But I guess we just have to really educate ouselves. Is that enough?

 

as long as dishonest people roam the earth, it will never be enough

 

trust nothing, I've spotted quite a few good fakes already in my local area which means this chinese crap is all over the country.

 

What is weird, is that now I don't by raw anything...Unless it is paper currency or wheaties...silver dimes, barbers etc

I'm too afraid to buy raw morgans now
I think buying NGC morgans is okay, but who knows, there might be fakes in that too!
Well, lets just hope we all have some real ones! lol
I hope I do!

 

It's hard for me to buy a loose Morgan anymore. I've done it but I always cringe because you just never know. The new counterfeits are excellent and obviously meant to fool. It's not like you can expect some glaring defect to tip you off. I'm so paranoid, I can look and look at what's probably a real one and yet find something suspect and pass for one reason or another.

Most here suspect a percentage probably pass as real ones through the TPG's as well. The uninformed and casual collector doesn't have a chance.

 

Nuke those fishy ******* ****** ***********

 

yeah!!!:computer:

 

What are the simple handy steps to check for a Morgan Fake ?

I think in lower grades chances of a fake morgan is low since the degrading cannot be faked easily

In higher grades what would be the main caveats to watch out for ? Wouldnt there be some difference in the mints or do they make the dies from the originals ?

Another question - do you think circulated morgans can retain the luster ? http://cgi.ebay.com/1900-MORGAN-SILVER-DOLLAR-CIRC_W0QQitemZ250398913449QQ The pic shows awesome luster and doesn't appear to be a photoshop trick . How can a circulated coin have such a nice luster ?
Please let us know .

Thanks

 

If the coin was lightly circulated before being put away, it may only lose luster on the high points (cheek, eagle breast and wingtips) and still have a nice cartwheel. That one looks AU to me.

There are no quick and easy ways to spot fake Morgans. You don't often see the crude cast fakes of yore (2 years ago!) Now they are better quality transfer die forgeries, often struck in silver. ICG has reported fake common-date Morgans that they could only "out" because the luster was wrong. I would only buy the more expensive, scarce Morgans in top tier tpg holders. If you see what looks like a bargain on eBay, it probably isn't. Speaking with a diploma from the school of hard knocks.

 

I have never purchased an "expensive" coin, but I have a pet theory about fakes. If it shows some wear, and has essentially lost the mint luster, it is most likely genuine.....or..... are they faking coins in "good to fine" (worn) condition also ? Is there a problem with this line of reasoning ??