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<p>[QUOTE="NorthKorea, post: 1744156, member: 29643"]I disagree. The post made it fairly evident that there are people who specifically collect counterfeits. The fact that the alteration on the second coin was somewhat consistent to the time does make it collectible in terms of historic significance.</p><p><br /></p><p>I, personally, collect stock certificates of companies that were associated with fraud. This includes several oil and metals companies from post-WWI that had names very similar to strong companies. Also, some regional Trust Certificates of the time that were the predecessors of security based ponzi schemes.</p><p><br /></p><p>Usually when I purchase these, I end up in a situation where I have to prove to the seller that the certificate is not what they think, as many times they presume to have a certificate that is an early (pre-split/merger) version of a modern company. In the end, either they believe me or not. If they do, I usually pay a slight premium to what would be considered "normal" for "worthless" certificates, because that's what I collect.</p><p><br /></p><p>I can see collecting alterations and counterfeits (from the period), as an alternative to mainstream collectibles. It makes for a new challenge and sort of "frontier" element. I really saw no reason to think Hobo was being nefarious, at all. In fact, the post seemed quite educational, and efforts were taken to not reveal the name of the instructor/dealer.</p><p><br /></p><p>All of that said, I find it somewhat humorous that the dealer would insist on getting back what he paid for a fake. His insurance should cover that. He would just need to file a claim with the police or FBI and "out" the person he bought it from.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 1744156, member: 29643"]I disagree. The post made it fairly evident that there are people who specifically collect counterfeits. The fact that the alteration on the second coin was somewhat consistent to the time does make it collectible in terms of historic significance. I, personally, collect stock certificates of companies that were associated with fraud. This includes several oil and metals companies from post-WWI that had names very similar to strong companies. Also, some regional Trust Certificates of the time that were the predecessors of security based ponzi schemes. Usually when I purchase these, I end up in a situation where I have to prove to the seller that the certificate is not what they think, as many times they presume to have a certificate that is an early (pre-split/merger) version of a modern company. In the end, either they believe me or not. If they do, I usually pay a slight premium to what would be considered "normal" for "worthless" certificates, because that's what I collect. I can see collecting alterations and counterfeits (from the period), as an alternative to mainstream collectibles. It makes for a new challenge and sort of "frontier" element. I really saw no reason to think Hobo was being nefarious, at all. In fact, the post seemed quite educational, and efforts were taken to not reveal the name of the instructor/dealer. All of that said, I find it somewhat humorous that the dealer would insist on getting back what he paid for a fake. His insurance should cover that. He would just need to file a claim with the police or FBI and "out" the person he bought it from.[/QUOTE]
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