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<p>[QUOTE=&quot;desertgem, post: 24565910, member: 15199&quot;]Excerpt from address below. I do suspect some older US dies were sent also as scrap. China was much different then than now (IMO).</p><p><br /></p><p><a href="https://www.coinbooks.org/v20/esylum_v20n28a27.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.coinbooks.org/v20/esylum_v20n28a27.html" rel="nofollow">https://www.coinbooks.org/v20/esylum_v20n28a27.html</a></p><p><br /></p><p><i>&quot;Coin World</i> joined the <i>New York Times</i> in a year-long investigation, resulting in <i>Coin World</i>’s publication of a series in December 2008 that revealed more than 100 thriving coin counterfeiting operations in China. Most were small, cottage type operations.<span style="color: #ff0000"> The largest, owned by a 26-year-old entrepreneur, relied on vintage 1870s U.S. coin presses salvaged from “scrap metal” sold by the Chinese government. (The U.S. government in the 1920s sold old coining presses to China, which after using them for years recently sold them as scrap metal</span>.)</p><p><br /></p><p>The proprietor of the largest coin counterfeiting operation in China claimed in 2008 that he had the capacity to produce 100,000 coins a month, most of which were older Chinese coin types and sold in China. However, he was expanding a new line of counterfeit U.S. coins and selling about 1,000 per month in the United States via eBay. His business plan called for locating and establishing “wholesale” buyers in the U.S. who would buy in bulk and help him to identify the most popular sellers. Most of his “replica” coins could be identified because he used iron-based planchets plated with silver or with the proper alloy to match the authentic coin. He accepted orders for 90 percent silver and gold counterfeits, but his prices reflected the higher quality planchets. They constituted a very small portion of his business.&quot;[/QUOTE]</p><p><br /></p>

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