Chinese counterfeit coin factories

[marschenegger]

For those of you not in denial that China is creating counterfeit numismatic coins, here's a photo gallery of images taken inside a Chinese factory where fake coins are made and sold:
http://coins.about.com/od/worldcoins...rfeiting-Ring/

The problem is here, the problem is real.

Mark

[FBNeNotes]

been informing all..
http://helpdesk.ebid.net/showthread.php?t=117119

Thanks.

[TiasTreasures]

I get a coin magazine that has been publicizing this for several years. Periodically they show photos of the newest fake slabs and coins, pointing out the errors. The counterfeiters read the articles, trot back to their equipment, and improve their equipment. I don't think that easy to change the coins, but apparently the fake slabs just keep getting better and better.

They have also mentioned more than once that many of these fakes show up on GreedBay and other online sites, and warn buyers to make sure they put the money in an escrow account and have anything they buy authenticated before releasing the money.

The more publicity this gets, the better. What worries me is that new coin collectors won't be aware of this, will pay full price for these fakes, and years from now when they (or their heirs) try to sell them they'll get the bad news.

[marschenegger]

I found out about the Chinese counterfeits not that long ago. Just knowing that they exist is not enough to protect oneself against them. Just yesterday, I posted a message telling about a recent purchase I made where I received a counterfeit 1763 shilling from a seller in the U.S. and I had the payment reversed by PayPal...

http://helpdesk.ebid.net/showthread.php?t=117922&page=4

I posted the link to the image gallery showing a counterfeiting factory because I believe it shows the level of audacity with which the counterfeiters are operating. It proves that not only are the counterfeiting activities real and approved by the Chinese government, but that the counterfeiters are pretty brazen about letting their operations be photographed.

I believe that counterfeiters are creating fake coins of different qualities. The lower-quality fakes are being sold as fakes to wreak havoc on Internet auction sales. These coins are sufficiently convincing that they will appeal to dubious sellers who will try to re-sell them as genuine, causing distrust for Internet auctions to soar. The higher quality fakes, like the 1763 shilling I bought and returned, are designed to fool even knowledgeable collectors and generate even bigger profits for the counterfeiters.

I wrote an editorial for my own website where I give information about the lower-quality fake Canadian coins. I do not believe that revealing this kind of information will help the counterfeiters because, as I said above, the lower-quality fakes are made to a lower quality for a different purpose. In a way, these coins serve as a "front" for the underhanded sales of the quality fakes that can fetch hundreds or thousands of dollars.

http://www.give-a-buck.com/closet/es...itorial29.html

Cheers,
Mark

[JerseyDevil]

The problem with counterfeiting is simple: It's a lucrative business that has existed for centuries.
Unfortunately modern technology gives the counterfeiter so much scope that after awhile the real thing looks fake and the fake looks real.

[TruantCoins]

I saw quite a few of these counterfeits in Dubai last fall. When I asked teh shop owner about the authenticity of the coins he laughed and said they were just for entertainment. But he didn't label them as copies and wasn't offering to tell us that they were not Morgan dollars.

They didn't feel right and probably weren't even 90% silver, or if they were they might have been alloyed with something other than copper. They looked like old dollars you find in dealers bulk bins, but didn't sound right when you stirred them around together.

Anyway, looking (like an auction picture) isn't enough to tell the fakes from real coins. But, if you were familiar with that type coin one touch and you would be able to tell if it was real.