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<p>[QUOTE=&quot;Publius2, post: 4041350, member: 105571&quot;]I&#039;ve seen it estimated, but I&#039;m not vouching for it, that about half of the specie circulating in colonial and early U.S. commerce was counterfeit.&nbsp; This would have been what is commonly called &quot;contemporary counterfeits&quot; intended to be passed as utilitarian money much like the current $100 bill.</p><p><br /></p><p>Numismatic counterfeits are a different animal.&nbsp; There was really very little coin collecting except among the richest and most educated classes until the mid-nineteenth century.&nbsp; Prior to that time, those rich and elite people collecting coins were an extremely small minority of the population and thus the target audience for numismatic counterfeiters would have been small and thus the number of numismatic counterfeits would have been small.&nbsp; Thus there was probably very little numismatic counterfeiting going on up to that point compared to the amount of numismatic counterfeiting going on today where the worldwide middle class population as well as the elites are involved, thus making a huge target audience.</p><p><br /></p><p>To my thinking, the current degree of numismatic counterfeiting is unprecedented and every effort made to combat it is to be applauded and supported.[/QUOTE]</p><p><br /></p>

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