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Counterfeits - How Common?
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<p>[QUOTE="GDJMSP, post: 1871874, member: 112"]There's lots of them out there, always has been. Are there more today ? Yeah maybe. But that kinda depends on what coins you are talking about. For example, how many out there are aware that in the '50s, '60s, and '70s that there were huge factories in the middle east that did nothing by manufacture fake gold coins from nations all over the world ? And just one of these factories dwarfed what all of the Chinese counterfeiters combined do. </p><p><br /></p><p>And there have been times, plenty of them, when one country would intentionally counterfeit the money of another country. Even hundreds of years ago this happened, it still does. Think about that, government owned mints just pouring out counterfeits and doing it for 200 years. How many of those do you think are out there ? And even today, those counterfeits are still fooling the TPGs. Those coins are being slabbed as genuine - when they are really fakes.</p><p><br /></p><p>Ever since coins were invented coins have always been counterfeited. Most of them made to pass as genuine money. And because of that ALL coins, even the most common and lowest denomination, have been counterfeited. Most have the idea that "this coin" really isn't worth anything so why would anybody counterfeit it ? Well idea right there is exactly why they would - because then that coin would be the easiest to pass as genuine because nobody would expect it. Even the lowliest Lincoln cent there is has been counterfeited.</p><p><br /></p><p>Now one thing that has changed is that there are more fakes produced to fool collectors today than there used to be. Whereas in years past, that was a pretty rare occurrence.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1871874, member: 112"]There's lots of them out there, always has been. Are there more today ? Yeah maybe. But that kinda depends on what coins you are talking about. For example, how many out there are aware that in the '50s, '60s, and '70s that there were huge factories in the middle east that did nothing by manufacture fake gold coins from nations all over the world ? And just one of these factories dwarfed what all of the Chinese counterfeiters combined do. And there have been times, plenty of them, when one country would intentionally counterfeit the money of another country. Even hundreds of years ago this happened, it still does. Think about that, government owned mints just pouring out counterfeits and doing it for 200 years. How many of those do you think are out there ? And even today, those counterfeits are still fooling the TPGs. Those coins are being slabbed as genuine - when they are really fakes. Ever since coins were invented coins have always been counterfeited. Most of them made to pass as genuine money. And because of that ALL coins, even the most common and lowest denomination, have been counterfeited. Most have the idea that "this coin" really isn't worth anything so why would anybody counterfeit it ? Well idea right there is exactly why they would - because then that coin would be the easiest to pass as genuine because nobody would expect it. Even the lowliest Lincoln cent there is has been counterfeited. Now one thing that has changed is that there are more fakes produced to fool collectors today than there used to be. Whereas in years past, that was a pretty rare occurrence.[/QUOTE]
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Counterfeits - How Common?
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