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<p>[QUOTE="kaparthy, post: 487903, member: 57463"]<b>Fakes and Frauds: Threat or Menace?</b></p><p><br /></p><p>At the 2004 ANA convention in Pittsburgh, I spoke at the Numismatic Theatre on the subject of "Fakes, Frauds and Phonies: Threat or Menace?" For my talk, I went to coin dealers and borrowed coins that they "ate." I then passed them around. Knowing that these were fakes, other dealers in the audience could not always agree on the telltale. Sometimes, it was the Mint mark that turns a $20 Morgan into a $120 Morgan -- and who pays attention to those, anyway? I had five fake Seated Dollars, VF/XF. The dealers agreed that if one of these was in a long blue box as they evaluated a collection, they would blow past it and never think twice and tally it as $75 wholesale. In many cases, the audience was stumped by the PowerPoint illustration, but once the coin was passed from hand to hand, it felt fake. The problem is that you cannot handle a coin when you buy it online. All you buy is a picture.</p><p><br /></p><p>When I showed the fake ancients, none of the regular audience even dared to hazard a guess. They knew the coins were fake because that was the subject, but no one knew enough off the top of their heads to say why.</p><p><br /></p><p>Among my slides was an outtake from a Celator article about modern fake ancients being salted into lots of "uncleaned" Romans.</p><p><br /></p><p>I closed my talk by using bolt cutters to destroy all of the examples.</p><p><br /></p><p>This is one of my other avatars:[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 487903, member: 57463"][b]Fakes and Frauds: Threat or Menace?[/b] At the 2004 ANA convention in Pittsburgh, I spoke at the Numismatic Theatre on the subject of "Fakes, Frauds and Phonies: Threat or Menace?" For my talk, I went to coin dealers and borrowed coins that they "ate." I then passed them around. Knowing that these were fakes, other dealers in the audience could not always agree on the telltale. Sometimes, it was the Mint mark that turns a $20 Morgan into a $120 Morgan -- and who pays attention to those, anyway? I had five fake Seated Dollars, VF/XF. The dealers agreed that if one of these was in a long blue box as they evaluated a collection, they would blow past it and never think twice and tally it as $75 wholesale. In many cases, the audience was stumped by the PowerPoint illustration, but once the coin was passed from hand to hand, it felt fake. The problem is that you cannot handle a coin when you buy it online. All you buy is a picture. When I showed the fake ancients, none of the regular audience even dared to hazard a guess. They knew the coins were fake because that was the subject, but no one knew enough off the top of their heads to say why. Among my slides was an outtake from a Celator article about modern fake ancients being salted into lots of "uncleaned" Romans. I closed my talk by using bolt cutters to destroy all of the examples. This is one of my other avatars:[/QUOTE]
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