Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
watch out for the fake morgans
>
Reply to Thread
Message:
<p>[QUOTE="kaparthy, post: 14437, member: 57463"]I will be speaking at the ANA convention next month in Pittsburgh on the problem of fakes in our hobby.</p><p><br /></p><p>The problem is not isolated and it is not limited. In other words, aside from the entire range of all fakes in all collectibles, there is a basic problem in economics. Why would you buy an American coin from a dealer in China? Are there no American dealers who sell these coins?</p><p><br /></p><p>I have worked for Japanese companies and a German corporation. I have owned several Toyotas. I am not xenophobic or jingoistic, but the obvious facts to me are that if you buy from someone close to you, you have two advantages: your money comes back to you sooner because that person is more likely to buy what you sell; and if you have a problem, the local seller is more likely to keep you happy.</p><p><br /></p><p>In terms of the fakes themselves, the problem has gotten worse because the fakes are better. At some level, these phony coins fail. You have to know the material is all. Beginners (by definition) do not, so they are the easiest victims. </p><p><br /></p><p>Also, these fakes often are sold _as_ fakes and in quantities of several to dozens.</p><p><br /></p><p>It is a shame.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 14437, member: 57463"]I will be speaking at the ANA convention next month in Pittsburgh on the problem of fakes in our hobby. The problem is not isolated and it is not limited. In other words, aside from the entire range of all fakes in all collectibles, there is a basic problem in economics. Why would you buy an American coin from a dealer in China? Are there no American dealers who sell these coins? I have worked for Japanese companies and a German corporation. I have owned several Toyotas. I am not xenophobic or jingoistic, but the obvious facts to me are that if you buy from someone close to you, you have two advantages: your money comes back to you sooner because that person is more likely to buy what you sell; and if you have a problem, the local seller is more likely to keep you happy. In terms of the fakes themselves, the problem has gotten worse because the fakes are better. At some level, these phony coins fail. You have to know the material is all. Beginners (by definition) do not, so they are the easiest victims. Also, these fakes often are sold _as_ fakes and in quantities of several to dozens. It is a shame.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
watch out for the fake morgans
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...