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Is coin counterfeiting that rampant?
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<p>[QUOTE="Conder101, post: 1009524, member: 66"]Well it really depends on how you define rampant Better than 99% of all the coins you come across will be genuine. But the number of counterfeits, even of common pieces, are probably an order of magnitude, possibly two orders, greater than what it was even ten years ago. And the number of counterfeits of key date or expensive coins is probably even worse. You asked how many fake SVDB's there are out there. Probably at least as many as there are genuine coins. And for things like Seated Liberty dollars or trade dollars if you are looking at a raw coin chances are probably 75% that it is a fake. If you are looking at it on eBay that percentage is probably better than 90%. Counterfeits of the popular key date coins in the popular series are available by the roll. And although I said that 99% of the coins you encounter will be genuine, that is changing. They aren't making any more of those old US coins at the Mint, but the counterfeiters are. That means that as time passes the percentage of fakes will keep increasing, and their quality will keep improving..[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1009524, member: 66"]Well it really depends on how you define rampant Better than 99% of all the coins you come across will be genuine. But the number of counterfeits, even of common pieces, are probably an order of magnitude, possibly two orders, greater than what it was even ten years ago. And the number of counterfeits of key date or expensive coins is probably even worse. You asked how many fake SVDB's there are out there. Probably at least as many as there are genuine coins. And for things like Seated Liberty dollars or trade dollars if you are looking at a raw coin chances are probably 75% that it is a fake. If you are looking at it on eBay that percentage is probably better than 90%. Counterfeits of the popular key date coins in the popular series are available by the roll. And although I said that 99% of the coins you encounter will be genuine, that is changing. They aren't making any more of those old US coins at the Mint, but the counterfeiters are. That means that as time passes the percentage of fakes will keep increasing, and their quality will keep improving..[/QUOTE]
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