Counterfeit penny? 1988 D possible double strike penny

Discussion in 'US Coins Forum' started by punker_4_real, Aug 3, 2017.

  1. punker_4_real

    punker_4_real New Member

    I think i got a counterfeit penny in change it has a excessively deep and well defined rim on it

    fake or is it a proof coin? it feels kinda odd compared to my other '88 pennies


    I also see what appears to but a double rim left of the "liberty"
     

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  3. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    It's real (why would anyone want to counterfeit a Cent?)
    Normal Business Strike.
    It's interesting though... A little Misaligned Die strike on the Reverse, a bit of orange peel surface because of the copper plating. And signs of a worn Die Strike.
     
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  4. Michael K

    Michael K Well-Known Member

    How much would it cost to counterfeit a cent?
    And then, how many would you have to produce, and pass to make a profit?
    Every one you made would cost more than 1 cent. Perhaps if you produced enough of them with a very low metal cost, you could break even after producing tens of thousands of them. The get rich quick scheme of all time.
    It seems absurd.
     
  5. Kirkuleez

    Kirkuleez 80 proof

    If the government spends more than a cent to mint a cent even while producing them in the billions, I doubt that counterfeiting them would ever be profitable.
     
  6. Michael K

    Michael K Well-Known Member

    Don't forget that lucrative North Korean black market.
    The counterfeiter will have lower salary expenses. And if they steal the metal
    they could produce pennies at less than 1 cent each, depending on how much it cost to produce the die.
     
    Last edited: Aug 3, 2017
  7. Conder101

    Conder101 Numismatist

    You mean the get rich slow scheme.

    And China with their lower labor costs could possibly do it. They are making fake 1956 D and 1958 D cents.
     
  8. eric6794

    eric6794 Well-Known Member

    Why would anyone want to counterfeit a cent? um well I could think of a million reasons why :D but as far as this coin it just made it through 29 good years without any major circulation. Far as I can tell I see nothing other than a normal 1988 D cent OP
     
  9. Treashunt

    Treashunt The Other Frank

    1) not a proof; Denver doesn't make proofs
    2) not a fake
     
  10. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    But it costs more to buy one of the fakes than the genuine coins.
     
  11. SuperDave

    SuperDave Free the Cartwheels!

    See? It's a pretty good gig if you can get it. :)
     
  12. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Well, it worked because I bought one for the novelty of it. And to show others that the Chinese will counterfeit just about anything and everything.
     
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