READ THIS! The Next Generation Of Chinese Counterfeits Have Arrived

I attended the CSNS show this weekend and one of the things that scared me the most for our hobby (and my business) was the coin below. This coin is the next generation of Chinese counterfeits. The Chinese counterfeiters are looking at websites (id bet this site included) and reading what we say about their products and making changes. This coin weighs 6.251 grams. Has a silver content... but is counterfeit. There are tells... which i'm not going to discuss here... but I hope this opens a few eyes to the issues our hobby is up against.

 

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Damn. If that's a counterfeit, I am truly scared. That is an exceptional fake. If I saw that in a dealer's case, I would have no second thoughts about that as a genuine AU Washington quarter.

 

scary

 

I wonder how many years it will be before we are all doubting our coins authenticity?

 

Thanks for the info, Matt. I've actually seen a handful of fake counterstamps recently. These particular pieces were from Spain and showed pretty good workmanship,but there were some red flags as well. So far nothing that a serious collector wouldn't be fooled by, but things change.

Bruce

 

WOW! Just WOW!!!

 

The more we learn and share with each other the more they learn.

 

Matt
Thanks for sharing!

I would not have hesitated on that one as real

 

edit//

 

It is crazy, odd they would do a boring washington quarter. Im waiting for the first 3-D printed coin fakes....

 

Also has a "stucco" (uniformly rough) surface overall.

 

Thanks for bringing this to our attention Matt. I will endeavor to step up my game.

 

Well, I quit. Anybody wanna buy some coins? :/

Just kidding, but that is an amazingly good fake. I'd have never questioned it, considering most of the flaws just barely show up in a 10x magnified picture.

 

I believe if you minimally investigate current technology for replication used by the mint and other American firms for "transfer machining", and the availability of original U.S. mint presses located in China, you'd realize that they could replicate virtually to perfection the keys of the series if so desired. If one were to acquire the more expensive "replicas" of the "Key" Morgan Dollars, they might realize counterfeiting to virtual perfection isn't a difficult process. Believed to be especially easy with the availability of U.S. "junk silver" coins available as scrap, and availability of the original pressing equipment.

It's reported that Kei Yu Loung, a representative for American Naha, a proported Chinese firm, has received ~$6,400,000 in reimbursements from the U.S. Mint for counterfeit "mutilated" U.S. coins. It's stated that "Kenny" Loung hasn't responded to inquiries.

JMHO

 

A wholesale dealer showed these to me at the show. He had bought 5 of them from a customer for $5 each. He told me that he was going to show them around to educate everyone. Glad he made it over to you @LostDutchman.

 

I know the dealer. He gave me one to show around. Another scary aspect of these coins is they were not all struck with the same die pairs. Something else that was disturbing is that the ANACS grader I showed them to could not say for sure it was counterfeit... I then told him about one of the key details that I have left out here and he seemed quite concerned.