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<p>[QUOTE="MnMShow, post: 2991597, member: 90349"]I recently inherited/was given my mother’s coin collection. I was immediately enthusiastic about it and set about organizing it and filling in some occasional missing dates. The collection is quite large and contains coins from all denominations going back to the 1800’s. In particular though she collected a lot of morgans which we both think are pretty cool.</p><p><br /></p><p>I am no expert and I only recently started getting up to speed on coin collecting in general, but recently I discovered there is what looks to be an avalanche of fakes coming out of china. I initially found out about morgans but after looking into it, it looks like just about everything old and remotely valuable is being faked. Worse, the consensus I am gathering from reading numismatic blog posts about it is that the fakes are getting to be so good that even experts can be fooled.</p><p><br /></p><p>With this in mind, I am now leaning towards the opinion that maybe I should just liquidate the entire collection (or the vast majority of it) before it is rendered more or less worthless by fakes too realistic to tell from the originals. If even an expert can’t tell a fake from an original than the original is bound to lose value as the rare factor becomes meaningless.</p><p><br /></p><p>Given that I am posting this to a coin collection forum I am expecting a certain amount of bias in favor of keep on keeping on as it were. But I am curious what others think and feel on this topic.</p><p><br /></p><p>I know that to some extent professional grading is a partial remedy for this situation, at least to the extent that coins that were graded and slabbed some time ago are unlikely to be inauthentic. But the only graded coins I have are ones I bought myself to add to the collection. All of the coins my mom gave me are ungraded.</p><p><br /></p><p>I also contemplated just getting a bunch of the higher value ones from her original collection graded to hopefully get on the front side of the issue so to speak, but honestly I don’t know how bad it is. If the fakes are good enough to fool the grading organizations now then anything I have graded now may not be considered reliable later anyway.</p><p><br /></p><p>The whole issue kind of bums me out.[/QUOTE]</p><p><br /></p>
[QUOTE="MnMShow, post: 2991597, member: 90349"]I recently inherited/was given my mother’s coin collection. I was immediately enthusiastic about it and set about organizing it and filling in some occasional missing dates. The collection is quite large and contains coins from all denominations going back to the 1800’s. In particular though she collected a lot of morgans which we both think are pretty cool. I am no expert and I only recently started getting up to speed on coin collecting in general, but recently I discovered there is what looks to be an avalanche of fakes coming out of china. I initially found out about morgans but after looking into it, it looks like just about everything old and remotely valuable is being faked. Worse, the consensus I am gathering from reading numismatic blog posts about it is that the fakes are getting to be so good that even experts can be fooled. With this in mind, I am now leaning towards the opinion that maybe I should just liquidate the entire collection (or the vast majority of it) before it is rendered more or less worthless by fakes too realistic to tell from the originals. If even an expert can’t tell a fake from an original than the original is bound to lose value as the rare factor becomes meaningless. Given that I am posting this to a coin collection forum I am expecting a certain amount of bias in favor of keep on keeping on as it were. But I am curious what others think and feel on this topic. I know that to some extent professional grading is a partial remedy for this situation, at least to the extent that coins that were graded and slabbed some time ago are unlikely to be inauthentic. But the only graded coins I have are ones I bought myself to add to the collection. All of the coins my mom gave me are ungraded. I also contemplated just getting a bunch of the higher value ones from her original collection graded to hopefully get on the front side of the issue so to speak, but honestly I don’t know how bad it is. If the fakes are good enough to fool the grading organizations now then anything I have graded now may not be considered reliable later anyway. The whole issue kind of bums me out.[/QUOTE]
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