Featured Beware: These are making the rounds...

Discussion in 'Error Coins' started by JCro57, Aug 14, 2019.

  1. JCro57

    JCro57 Making Errors Great Again

    A few sites are selling these, including Etsy, though they state they are copies. But that doesn't mean someone won't then try to resell it as a genuine piece.

    In my experience, if you see one that isn't certified, it is a fake unless it is sitting on a well-known error specialist's table. But I imagine even they would want to protect them in a slab. Never saw a genuine raw one in my life.

    The problem is many of these are even 90% silver, have the same diameter, and sport some pretty darn good reeding. The same goes for Trade Dollars.

    However, I actually recommend acquiring some known fakes to study and compare them for yourself. Reading books is always good, but testing your skills is also important.

    Beware and be smart.

    ~Joe Cronin

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  3. Noah Finney

    Noah Finney Morgan / Gold Indian Member

    Nice write-up...... If only that coin were real.
     
  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    For those who would otherwise have a hard time telling, the sporting of some "pretty darned good reeding" on a purported off center is a dead giveaway. A coin struck off center doesn't drop into the coining chamber, and will not bear normal reeding from the collar, if any at all.
     
  5. Mountain Man

    Mountain Man Well-Known Member

    Thanks for the heads up Joe.
     
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  6. ItsMoreThanAHobby

    ItsMoreThanAHobby New Member

  7. johnmilton

    johnmilton Well-Known Member

    The thing is also “too round.” Off-center, out of the collar strikes should oval shaped with a distended edge. The only thing that is off-center with this piece of junk is the image when the die was made.
     
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  8. kaparthy

    kaparthy Supporter! Supporter

    Interesting.Thanks.
     
  9. MatrixMP-9

    MatrixMP-9 Well-Known Member

    It must not be but I would think this is illegal. How can anyone produce money and it not be a felony? Could someone (obviously really dumb) use a coin of this particular year that is LEGIT to pay for something that costs $1? If so then any copy would be illegal right? I dont get the laws.
     
  10. johnmilton

    johnmilton Well-Known Member

    It is illegal, but the law is seldom enforced, especially with Chinese imports, which what this is. You can not prosecute the Chinese because they are out of the country, but it’s disappointing that nothing is done with those who try to market this stuff on a regular basis.
     
    Last edited: Aug 27, 2019
  11. MatrixMP-9

    MatrixMP-9 Well-Known Member

    I feel bad for the person who spends alot on this. Its easy for a professional to say they are dumb for doing it but most people wouldnt be able to tell. I sure as heck wouldnt be able to tell. This crap from China is amazingly destructive. At my work, we will not sell our solutions to certain countries. China is number one on the list. The copied a very important product in our world illegally and VERY blatantly. We ultimately put a new and better version out on the market fast with the CDC/FDAs help which made their knockoff obsolete. They actually lost millions! However, nobody did a thing nor wanted to do a thing and we could have easily been victims and lost a few hundred high paying jobs due to it. I hate what they do in China and most people dont realize the true extent of this type of activity and how it has a real and direct effect on every single person in America...and all countries for that matter. What really pisses me off is there are major corporations right here that use and profit from specific chinese manufacturers that ALSO manufacturer knockoffs and patented products in the same buildings! I digress. Subject gets me mad because its so destructive. Call these "sellers" of illegal fake coins out and expose them!
     
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  12. Conder101

    Conder101 Numismatist

    Very simple, they are manufactured in China where out anti-counterfeiting laws do not apply. China has their own anti-counterfeiting laws, but they only forbid the counterfeiting of Chinese coins, and only those made since 1949 (When the Communists took over.). It DOES NOT outlaw the making of fake coins of other countries. So the manufacture is perfectly legal, and since they can legaly make them they can sell them as well. Now under the Hobby protection act it is illegal for the buyers here to bring them into the country. But unless customs actually opens the incoming package and inspects it they are not likely to catch them coming in. If they do catch a shipment of fakes they have to get an expert to declare them counterfeit at which point they can confiscate them and inform the buyer they had the option to come get them and appeal the decision. If they do show up they are arrested.
     
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