As many of you might of noticed I think the problem is a serious threat to the hobby. Well I'm not along and I invite you to take a serious read of a great post on the subject that I just found over on another US Coin Forum. For those new or just getting into the hobby please take the time to go to all of Lances links Knowledge is Power. http://forums.collectors.com/messageview.cfm?catid=26&threadid=871279
Those are some great links, thank you. Whew, one of those pages scared me. It said the 1895 GB Schilling was one of the most counterfeited coins. I had bought one of those a few months back. Fortunately, mine looks legit and passes the magnetic slide test.
It is time now to FOCUS to the New World Modern Legitimate Coin Errors. Thanks for all the Links & INFO..:thumb::thumb:
If I was a counterfeiter in a certain foreign country with access to a coin press and die engravers, I would counterfeit errors myself. Many of the errors that have occurred in US coinage could be replicated with actual coins as a planchett, and hand feeding a coin between the dies. Any minor problem with the die could be excused as nonsubquencial, and all of the physical characteristic would be genuine. Hope no one there reads this.
Helped bring down a auction of a error 1921 Morgan in a fake slab a couple of months ago. So as mentioned nothing is beyond their reach. As for collecting modern errors at all I feel to many of them have been made to order for that area to being high value any more. They just recently convicted one of the mint guards of stealing thousands of coins from the mint and selling them. And for those who might think the old man is all doom and gloom. I have purchased about ten thousand dollars worth of coins in the last six months. All professionally certified all from dealers or sellers with excellent images and a good return policy.
