Discussion in 'US Coins Forum' started by manny9655, Oct 27, 2021.
Counterfeit Coin - Fake 1885-CC Morgan Dollar in Fake GSA Holder (coinweek.com)
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2 Decades longer than that.
It is nice to read that other members agree it is a timely issue and should be addressed by all hobbyists.
To be fair, the Chinese coin market is absolutely inundated with counterfeits, orders of magnitude more than US coins, but the Chinese coin market is stronger than it has ever been. I don’t see a market collapse due to the counterfeit problem.
The best way to combat the problem of counterfeits is to provide collectors with the knowledge and tools to be able to determine if a coin and/or slab are authentic. This is what I focus on. The second best way is to enact AND ENFORCE stronger penalties for counterfeiting and knowingly selling counterfeits. The third best way would be to eliminate human greed, but that is impossible.
I agree with most of what you’re saying, though for Joe-average person wanting to start collecting it’s hard to give him or her that knowledge right off the bat that will allow them with greater confidence to buy non-counterfeit coins. They just won’t know. But unfortunately, once burned, I’d imagine they’d have a hard time sticking with the hobby. Even speaking for myself, if I get burned a couple of times, I might pull up stakes and find another item to collect. Why spend significant money on things that might end up being fake?
GSA holders were being faked basically around the same time they started to appear!!!!which was like 40 years ago,nothing new about this.
In the spirit of the coming Season... I believe this posting needs to be - shall I say, looked into.
There are fakes of literally every collectible. Cards, cars, toys, minerals, fossils, stamps, signs, purses, glassware, etc. So why collect anything because there is a possibility that it might be fake? It is the collector’s responsibility to seek the knowledge and resources to determine authentic from fake in the area they choose to collect before shelling out lots of money.
Not to start anything potical ,but we need to have a voice heard to stop this sort of garbage from infecting our hobby.
Mike worked long and hard to get laws passed to protect Canadian coinage, as well fake items watches, ladies hand bags, make up etc...
Unfortunately we don't have Mike to champion our cause, but you have a voice to be heard...write your representatives and voice your concerns.
The squeaky wheel gets the grease... start squeaking.
Mike screen name Fake Canada was his first step to making others aware how much this sort of garbage effects us all.
I would suspect it is harder to fake a top TPG holder...
Clothing stores sell "lookalikes" that are being bought everyday. Coins and currency are natural new items. ebay probably sells counterfeit items all the time. Many items are counterfeit and the buyers on ebay don't care.
I don't have any evidence in my pocket, but I have seen it over and over on the internet. Many things are noted to be "copies" even coins.
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