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How dangerous are GMM’s as Counterfeits?
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<p>[QUOTE="johnmilton, post: 8606461, member: 101855"]Here is a comparison of the modified Gallery Mint Quarter and a genuine piece in the same grade.</p><p><br /></p><p>Gallery Mint "modified"</p><p><br /></p><p>[ATTACH=full]1514382[/ATTACH]</p><p><br /></p><p>Genuine</p><p><br /></p><p>[ATTACH=full]1514383[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p>Yes, I bought this when I couldn't afford the real thing. It did nothing for me so I didn't buy any more of them.</p><p><br /></p><p>[ATTACH=full]1514385[/ATTACH]</p><p><br /></p><p>The people who started Gallery Mint did it with the best of intentions. They did not intend to defraud anyone, but the crooks found a way to subvert their products. For those who are not familiar with the 1796 half dollar, a genuine example in Mint State can sell for close to 7 figures. A worn one in Fine sells for $50,000 or a little more.</p><p><br /></p><p>One thing the crooks have learned, including the Chinese crooks, is that you don't need to hit home runs to make money in the counterfeit coin business. All you need to do is to hit a bunch of singles. You copy low grade, sometime common stuff and try to trap the new or less than perfectly educated collectors.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 8606461, member: 101855"]Here is a comparison of the modified Gallery Mint Quarter and a genuine piece in the same grade. Gallery Mint "modified" [ATTACH=full]1514382[/ATTACH] Genuine [ATTACH=full]1514383[/ATTACH] Yes, I bought this when I couldn't afford the real thing. It did nothing for me so I didn't buy any more of them. [ATTACH=full]1514385[/ATTACH] The people who started Gallery Mint did it with the best of intentions. They did not intend to defraud anyone, but the crooks found a way to subvert their products. For those who are not familiar with the 1796 half dollar, a genuine example in Mint State can sell for close to 7 figures. A worn one in Fine sells for $50,000 or a little more. One thing the crooks have learned, including the Chinese crooks, is that you don't need to hit home runs to make money in the counterfeit coin business. All you need to do is to hit a bunch of singles. You copy low grade, sometime common stuff and try to trap the new or less than perfectly educated collectors.[/QUOTE]
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