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 RobertSenior Member
Posts: 896
Joined: 05 Jul 2003
Location: Oklahoma
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 Posted: Tue Jan 20, 2009 7:36 pm |
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http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting-Ring/
Scary stuff... I guess counterfeiting US coins aint illegal in China!
Many high-quality fakes are pouring out of China and straight into the US coin market. Be VERY wary of any raw key-date coin (although they seem to be faking slabs too!) especially if it's not from an old collection. And be VERY wary of any "spectacular" error... they're intentionally producing those too.
The fakes and the fakers are only getting better. Soon even an expert won't know which coin is real and which is not. This may severely damage the market if many collectors start getting burned.
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 KurtSSenior Member
Posts: 875
Joined: 15 Feb 2008
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| Posted: Tue Jan 20, 2009 7:53 pm |
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The end of people trading coins sight-unseen like stocks, perhaps? 
Let's just see them fool me with coins I collect...I dare them, I double dare them. 
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 Bob PSite Admin
Posts: 3482
Joined: 01 Jul 2003
Location: Niceville, Florida
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| Posted: Tue Jan 20, 2009 7:58 pm |
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 eagamesExpert Member
Posts: 3013
Joined: 15 Nov 2005
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| Posted: Tue Jan 20, 2009 8:08 pm |
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 DickExpert Member
Posts: 5780
Joined: 21 Sep 2006
Location: Rialto, CA.
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| Posted: Tue Jan 20, 2009 9:09 pm |
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TThe odd thing is, that counterfeiting IS ILLEGAL, in China. The making of REPLICAS, is not. Where do you draw the line? It boils down to "Know who you are dealing with! It can't be said enough!
Dick
_________________
" Deja Moo: The feeling that you've heard this bull before".
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