Is a copy coin worth anything?

Discussion in 'Error Coins' started by Coinblaster, Jul 6, 2020.

  1. Coinblaster

    Coinblaster Active Member

    Ok thank you for that
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Scrap iron currently goes for somewhere around $100 per ton.

    Any dealer selling something like this for $40 needs to be named and shamed.
     
    hotwheelsearl likes this.
  4. Coinblaster

    Coinblaster Active Member

    I guess the guy saw me coming literally
     
  5. Raizac

    Raizac Active Member

    take it back to that dealer and get your money back. Unless to want to keep it Thats would be up to you
     
  6. Rick B

    Rick B Well-Known Member

    Does anyone here collect counterfeit coins for the fun of it? I'm looking at a counterfeit Walking Liberty on ebay I may make an offer on. Just for the fun of it. I'm starting to put together a collection of Walking Liberties. It might be fun to have a counterfeit to go along with the collection :)
     
  7. hotwheelsearl

    hotwheelsearl Well-Known Member

    I do know for a fact that there is a minor niche of counterfeit collectors.
    However, most of them are after the "famous" ones, such as the Henning Nickels or the Omega Man coins.

    Others collect counterfeits to build up an educational database for fake detection.

    But as always, collect what you like.
     
  8. Coinblaster

    Coinblaster Active Member

    So is my coin worthless or not?
     
  9. Kentucky

    Kentucky Supporter! Supporter

    Not if you can find someone who wants it. Not really collectable.
     
  10. Coinblaster

    Coinblaster Active Member

    Oh ok thank you
     
  11. hotwheelsearl

    hotwheelsearl Well-Known Member

    I feel like I’ve mentioned several times in this very thread that these sell for $5-$7 on eBay, free shipping
     
  12. Coinblaster

    Coinblaster Active Member

    Yes you did but its always good to get everyone's opinion
     
  13. -jeffB

    -jeffB Greshams LEO Supporter

    Problem is, the more they "successfully" sell, the more they'll make and list.
     
  14. Coinblaster

    Coinblaster Active Member

    So in your opinion what should I do with it keep it try to get it graded or what?
     
  15. hotwheelsearl

    hotwheelsearl Well-Known Member

    I believe several people have said in this very thread that you should not (or more correctly, COULD NOT) get it graded.

    TPGs will only grade genuine or legitimately counterfeit coins. Any coins marked COPY will be sent back with no grade and you've just lost a few dollars.

    The past 3 pages of this thread have been saying that you
    A) paid too much
    B) can not get it graded
    C) should probably return it if possible

    Please read the thread and literally all of your questions have already been answered
     
    Raizac and -jeffB like this.
  16. -jeffB

    -jeffB Greshams LEO Supporter

    It's not a coin. It's a novelty. It's an imitation, like a "gold ring" from a Cracker Jacks box that's actually plastic.

    You have wasted all the money you spent on this coin. Any further money that you spend on it -- sending it to a TPG, taking it to a coin dealer, even putting it in a 2x2 -- will be more wasted money.

    Actually, I take that back. If you learn from the discussion here, and don't make this same mistake again, then the money won't be completely wasted.

    By the same token, if you spend $50-100 (including grading fees, shipping, and so forth) to send it to a grading company, and get it back in a "Not Genuine" body bag, that can teach you something as well. But, really, you should save the money; we've told you what you need to know.
     
  17. rascal

    rascal Well-Known Member

    Is a counterfeit 1875 trade dollar worth anything ? I have a group of fake coins and this one was in the group when I got them. One of them looks the same as our Washington quarter and is dollar size and dated 1865 and reads one dollar , this one is marked fasmile. One is a 1877 O dollar that looks really good . The one I like the best is a dollar size coin with a Indian head on the obv. and old style eagle on rev. in the center of the rev. is a wreath and inside the wreath it reads 1 dollar 1851 . one piece is a bust dollar dated 1799 and a few other unusual looking novelty or fake coins. all of these are novelty or fake .
     
  18. hotwheelsearl

    hotwheelsearl Well-Known Member

    I stated before in a comment that there is an active collector niche for famous counterfeits, such as the aforementioned Henning and Omega "coins."

    99.9% of all counterfeits are worth melt value, which in most cases is less than $0.01 since they're iron or steel.

    There are absolutely counterfeits made out of good silver or gold, which are now worth melt value of their metal.

    @rascal, your counterfeit trade dollar is likely not worth very much at all, unless it happens to have been struck in good silver. Otherwise, you are luckly to get $5 selling it as a "novelty"
     
  19. -jeffB

    -jeffB Greshams LEO Supporter

    We regularly get questions here about the "1865 Washington dollar", along with the "1906 American Silver Eagle". These often travel with the "Indian Head Dollar".

    These are dirt-cheap fakes aimed at non-collectors. As far as I'm concerned, they have negative worth, because every time one is bought and sold, it encourages the fakers to make more.
     
    hotwheelsearl likes this.
  20. Coinblaster

    Coinblaster Active Member

    Ok thank you guys
     
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