Discussion in 'Error Coins' started by Coinblaster, Jul 6, 2020.
Ok thank you for that
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Scrap iron currently goes for somewhere around $100 per ton.
Any dealer selling something like this for $40 needs to be named and shamed.
I guess the guy saw me coming literally
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.
So is my coin worthless or not?
Not if you can find someone who wants it. Not really collectable.
Oh ok thank you
I feel like I’ve mentioned several times in this very thread that these sell for $5-$7 on eBay, free shipping
Yes you did but its always good to get everyone's opinion
Problem is, the more they "successfully" sell, the more they'll make and list.
So in your opinion what should I do with it keep it try to get it graded or what?
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
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.
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"
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.
Ok thank you guys
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