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<p>[QUOTE="djaeon, post: 1714512, member: 26634"]This isn't my worst buy, but a story about my father-in-law who sparked my interest in coin collecting. We were at a swap-meet (I'm sure many bad stories start with that line). After visiting the lady that he liked to buy old "junk" Morgan's from mainly for their bullion value, his coin collecting is primarily for bullion value, we were walking down the aisle and came across someone with a bunch of silver dollars for sale. It was one of those garage sale type spaces, where it looked like someone was just clearing out a bunch of their old junk. He had trade dollars & CC Morgans which my father-in-law got all excited about. He bought 10-15 of these coins at $4 a piece, saying that was a great deal and these coins were pretty rare. When we got home, he asked me to look them up on the computer, which he didn't use, to see if I could find out what these particular coins were worth. At first, I got pretty excited because the first couple coins I looked up were very rare and worth a lot of money. Then I started to run into a few that didn't look like there was any record of being minted in the years that I had. For a split second, I though "Wow, these must be REALLY rare!" But then I thought better of that, and thought they might be fake. So I started looking up info on fake coins, and found that they were all Chinese forgeries. That was very disappointing. This was right before I got interested in coins, otherwise I would have warned him away from this buy. Actually, doing the research on these fakes played a part in getting me interested. And thankfully he was only out $4 a piece on them. It could have been a lot worse, and at least now he has examples of fake coins to compare with. I hope he kept them and didn't just toss them in the trash![/QUOTE]</p><p><br /></p>
[QUOTE="djaeon, post: 1714512, member: 26634"]This isn't my worst buy, but a story about my father-in-law who sparked my interest in coin collecting. We were at a swap-meet (I'm sure many bad stories start with that line). After visiting the lady that he liked to buy old "junk" Morgan's from mainly for their bullion value, his coin collecting is primarily for bullion value, we were walking down the aisle and came across someone with a bunch of silver dollars for sale. It was one of those garage sale type spaces, where it looked like someone was just clearing out a bunch of their old junk. He had trade dollars & CC Morgans which my father-in-law got all excited about. He bought 10-15 of these coins at $4 a piece, saying that was a great deal and these coins were pretty rare. When we got home, he asked me to look them up on the computer, which he didn't use, to see if I could find out what these particular coins were worth. At first, I got pretty excited because the first couple coins I looked up were very rare and worth a lot of money. Then I started to run into a few that didn't look like there was any record of being minted in the years that I had. For a split second, I though "Wow, these must be REALLY rare!" But then I thought better of that, and thought they might be fake. So I started looking up info on fake coins, and found that they were all Chinese forgeries. That was very disappointing. This was right before I got interested in coins, otherwise I would have warned him away from this buy. Actually, doing the research on these fakes played a part in getting me interested. And thankfully he was only out $4 a piece on them. It could have been a lot worse, and at least now he has examples of fake coins to compare with. I hope he kept them and didn't just toss them in the trash![/QUOTE]
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