Known Sellers of Counterfeit Coins
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79 posts in this topic

2 minutes ago, Starbuy said:

. We need stronger laws to protect our hobbies. 

 

What additional laws do you suggest be implemented?

(And, in case I have not done so previously, "Welcome to the forum.")

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Respectfully, is it any wonder eBay is planning to make the sale of coins difficult. It is getting so bad out there in cyberspace that in fairly short order we will have distinctions being made between authorized fakes and inauthentic counterfeits. Nice work, Just Bob!

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There is a slabbed NGC 1 oz gold coin I am considering buying on eBay.  The coin is a proof with a limited run of about 1,000 I think, and they are all numbered.  The seller has less than 100 feedbacks.  Should I be wary of buying a slabbed gold coin like this on eBay?  Do people break the slabs and replace the coins?  I've never spent bought a coin at this price but I really like/want it!

If I do buy it, can I send it in to the NGC for validation?

 

Thanks!

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11 hours ago, Artlicious said:

There is a slabbed NGC 1 oz gold coin I am considering buying on eBay.  The coin is a proof with a limited run of about 1,000 I think, and they are all numbered.  The seller has less than 100 feedbacks.  Should I be wary of buying a slabbed gold coin like this on eBay?  Do people break the slabs and replace the coins?  I've never spent bought a coin at this price but I really like/want it!

If I do buy it, can I send it in to the NGC for validation?

 

Thanks!

Well there is a dealer I buy from in tenn..........he's legit........sellers name is hallssteam90 .

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On 12/19/2020 at 9:56 AM, Starbuy said:

Counterfeits are sold in all internet sites from Walmart to Ebay to Facebook. We need stronger laws to protect our hobbies. 

The Chinese have expanded their coin industry to include very modern coins, medals, commens, etc.  Producing forgeries of all goods is a lucrative business in China and Eastern Europe.

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@Just Bob permit me to be the first to make a complaint in the new year, 2021, which is practically half over.

Recently, I offered to buy Idhair's 1837 bust half dollar (condition, well-worn, Poor-About Good would be being generous) and he countered with: "You wouldn't be interested. It is counterfeit."  

My question:  Is it proper to showcase counterfeit coins on a "Follow the lead" lead, where the OP has been the sole threadmaster (and taskmaster) for nearly 15 years?

And what is the point of displaying counterfeit coins, not identified as such, in the first place?

You can investigate the matter yourself.  All exchanges of conversation remain intact.

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I believe in the USA it is against the law to sell or buy a counterfeit coin unless it is stamped "COPY".

In Canada it is also illegal to own a counterfeit, stamped or not.

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New to collecting on a large scale, dabbled for years with no real goal. Started getting serious during the covid lockdown to keep busy. Seeing the stories about fakes concerns me greatly. I mainly have bought NGC/PCGS coins and few IGC. They look real and the slabs are intact. My worry is for some cheaper coins that were not certified is did I buy a forgery. I intend to have my Morgans certified. I guess that will tell me what I bought. I suspect the adage - it is looks to good to be true, be aware'. For me and I am sure other newbees, this will be a turn-off. I will drive on, but the information I have gleaned here will certainly help me be fully cautious.

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No, I haven’t bought from them and they do seem legit. What has that got to do with if the coins are counterfeit or not.

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