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<p>[QUOTE="ahearn, post: 703286, member: 18211"]When I last looked, there were 5300 current auctions on eBay for fake US coins and over 900 for fake world coins, including ancients. Most show photos with the words COPY or REPLICA on them, but it's usually missing when the coins are shipped. Of course, these were only the ones who were not passing the fakes as real.</p><p> </p><p>What does this mean? Who buys these coins? Why are they buying? This is a HUGE number of coins being sold every day to buyers who are certainly not "collecting" them. How many show back up on eBay as real?</p><p> </p><p>As a relatively new collector, this causes me great concern. With the increasing high quality of fakes from China, I certainly can't count on my own judgement to distinguish fake from real, nor can I know the ability of dealers to make the distinction -- or even NGC and PCGS experts. There is certainly a point at which, theoretically, a fake can be EXACTLY the same as an original. Are they close to this point now???</p><p> </p><p>Then, there are the fake NCG and PCGS slabs. How can even an expert spot a fake coin in a fake slab, or a real coin in a fake slab unless the counterfeiter gets sloppy and makes mistakes?</p><p> </p><p>I'm concerned that the population of collectible coins is being polluted with high-quality, near-perfect fakes, and that we don't actually know the extent of that pollution. Long-time collectors seem confident in their ability to detect these fakes, but the days of easily detected sloppy fakes are disappearing and past experience no longer applies.</p><p> </p><p>Am I wrong to be concerned?[/QUOTE]</p><p><br /></p>
[QUOTE="ahearn, post: 703286, member: 18211"]When I last looked, there were 5300 current auctions on eBay for fake US coins and over 900 for fake world coins, including ancients. Most show photos with the words COPY or REPLICA on them, but it's usually missing when the coins are shipped. Of course, these were only the ones who were not passing the fakes as real. What does this mean? Who buys these coins? Why are they buying? This is a HUGE number of coins being sold every day to buyers who are certainly not "collecting" them. How many show back up on eBay as real? As a relatively new collector, this causes me great concern. With the increasing high quality of fakes from China, I certainly can't count on my own judgement to distinguish fake from real, nor can I know the ability of dealers to make the distinction -- or even NGC and PCGS experts. There is certainly a point at which, theoretically, a fake can be EXACTLY the same as an original. Are they close to this point now??? Then, there are the fake NCG and PCGS slabs. How can even an expert spot a fake coin in a fake slab, or a real coin in a fake slab unless the counterfeiter gets sloppy and makes mistakes? I'm concerned that the population of collectible coins is being polluted with high-quality, near-perfect fakes, and that we don't actually know the extent of that pollution. Long-time collectors seem confident in their ability to detect these fakes, but the days of easily detected sloppy fakes are disappearing and past experience no longer applies. Am I wrong to be concerned?[/QUOTE]
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