So long day... After arriving their the owner of the pawn shop quickly recognized me. I explained to him that the coins were Chinese knock-offs and explained the weight differences. He kept on telling me that all his coins were legit and that he would offer no refund to me. I remained cool and calm. He kept going on about the no refund thing. I then told him that was fine, but I would be going to my local authorities and contacting my local federal govt. due to this being a federal matter. At that moment it seems that his heart just fell to the ground and got a tad bit nervous. He then offered me a full refund on the coins no questions asked. I also advised him not to sell the coins to anyone else. So then he refunded me $320 and I was on my way. Kind of stinks though because I thought I was getting a hell of a deal on pretty rare coins. I learned several things from this ordeal: 1st: Don't ever buy coins from a gel haired quick salesman at a pawn shop.. Esp. rare coins, chances are your getting screwed. 2nd: Educate yourself. Cointalk.com is a great forum, I want to thank everyone for their help! I will be participating and helping in any way possible. please let me know if you have any questions. 3rd: If the deal sounds too good to be true...It usually is. Thanks! Josh
Glad it worked out for you. Btw, I agree with Ken, from the rough surfaces, both look like cast counterfeits.
Get out the won-ton and rice, For sure fakes!! Now more then other you Have to do your homework!! To many of these floating around!!
I'm curious. If you balance the coin on your finger tip and tap it with a quarter, does it make a nice dinggggggggg sound?
The only other thing I would suggest now is to send someone else in there to check and see if he is trying to sell them again. If so follow trough with the threat to contact the authorities. If the authorities aren't interested, try the local newspaper or local TV. Suggest it as a consumer protection story, local merchant knowingly selling counterfeit coins.
I am scared to death of buying a fake Morgan or Peace dollar so i buy only certified ones from NGC and hope i,m not getting shafted . I have tried to educate myself but still feel unable to make a good judgement as to ones authinticity. I learned my lesson from the pawn shops also and wasn't as fortunate as you. Education comes with a price.....sigh.:rolling:
You have to be careful at coin shops, Especially when you go to sell They dont want to give you anything!!
The first star to the left of the date has the "mushy" look to it. The stars should be somewhat sharp.
I don't know if they're the world's dumbest crooks-- they may just be targeting the unsuspecting, or people with limited numismatic knowledge. Since it's obviously a fake to a knowledgeable collector, or at least one who has a Redbook or similar guide on hand, the crooks might claim that they were merely making fantasy pieces. (I don't know how well that argument would hold up under the Hobby Protection Act, but who knows?) At any rate, this should be a lesson to new collectors to get as much information as they can about the coins they are interested in!
Are these real or really fake? I would never ask a woman that question. THE COINS ARE FAKE, AND THE SURGERY WAS NOT PERFORMED WELL.
With the 1885 all you need is a quick glance to tell that it's a chinese fake. You don't need to weigh it or listen to the sound it makes, definitely a fake. These chinese fakes are the easiest to spot, and most collectors aren't worried about buying a chinese fake because they are so easy to detect. You have a bigger problem with coins like the 1893-S with an added mintmark. Much more deceptive. Spend just a short time with Morgans and you can identify the chinese fakes within 2 seconds of looking at them.