Har Har Har yeah right…, 1 1

[Mr.Bill347]

Edited October 21, 2022 by Mr.Bill347

[EagleRJO]

Does it come with a COA from the Chinese mint where it was made? 

[Sandon]

   The illustrations are presumably "stock photos" of a genuine coin.  I doubt that's what you would get!  What is "fellomoi.com"?

[J P M]

CC means CLOSE COPY ............Right 

[The Neophyte Numismatist]

Fake GSA holder is a nice touch.  But you know someone is out there spending their hard earned money on it.

The site is also selling 1916D Merc Dimes in PCGS AU58 holders - $19.95, and if you buy five you get five free.  

Edited October 22, 2022 by The Neophyte Numismatist

[EagleRJO]

On 10/21/2022 at 9:47 PM, Sandon said:

The illustrations are presumably "stock photos" of a genuine coin.  I doubt that's what you would get!

The Chinese have been knocking off both the coins and holders, which are not sealed and contain a cardboard insert ...

https://www.coinworld.com/news/us-coins/counterfeit-1881-cc-dollar-appears-in-fabrica.html

You would either get a counterfeit, garbage or nothing. 

Buyer beware!

Edited October 22, 2022 by EagleRJO

[Mr.Bill347]

Thanks Neo and Eagle. That coinworld article was astounding!

 

[Mr.Bill347]

It’s not just fake GSA slabs 

 

[Mr.Bill347]

Also another interesting note. There are three beautiful girls on Facebook with their name Morgan Dollar!

[Mr.Bill347]

And it’s not just GSA holders

 

[EagleRJO]

On 10/22/2022 at 9:13 AM, Mr.Bill347 said:

And it’s not just GSA holders

There are even more insidious ones where they knock off the NGC/PCGS holders with a legit bar code and then put a much lower grade legit coin or a counterfeit coin in the fake holder. Look at any slab and coin carefully, including the markers and grade.

[Hoghead515]

I cant understand why the FBI or some other orginization dont go after these fake websites and shut them down. Its like they wont even try. 

[Mr.Bill347]

I even called the secret service, as they are the organization that police’s this fraudulent activity. A nice lady said when a foreign country floods the market with counterfeits, they said they had no authority on a foreign country . I have three counterfeits. One is a very nice Morgan that I actually sent in for grading and it came back “NOT GENUINE”. The other two I knew were fake but bought them anyway, and got a refund from PayPal for fraudulent coins. There are a ton out there. We have to be very wary of Chinese knock offs. I haven’t bought many raw coins as a result and only from a seller that will stand behind their coins.

[VKurtB]

On 10/25/2022 at 5:35 AM, Hoghead515 said:

I cant understand why the FBI or some other orginization dont go after these fake websites and shut them down. Its like they wont even try. 

The Secret Service is now under the Department of Homeland Security, no longer the Treasury Department as they had been. They have outright stated that fake collectible coins are NOT a priority, while faked contemporary paper currency is. 

[EagleRJO]

I think US Customs is working with the Treasury Dept to at least try and crack down on the issue as any time I order anything coin related from overseas it gets held up at Customs for quite a while and has often been opened and re-sealed. When I inquired why it was talking so long to clear Customs and packages were opened, I was told they are checking anything coin related for counterfeits. I think that's a good thing, so I am okay with waiting for a bit for these packages.

[I have also heard that there are quite a few coin experts in the field working with Treasury and Customs on this issue recently, including a prety well know guy from one LCS I deal with for some raw coins.]

Edited October 25, 2022 by EagleRJO

[VKurtB]

On 10/25/2022 at 1:54 PM, EagleRJO said:

I think US Customs is working with the Treasury Dept to at least try and crack down on the issue as any time I order anything coin related from overseas it gets held up at Customs for quite a while and has often been opened and re-sealed. When I inquired why it was talking so long to clear Customs and packages were opened, I was told they are checking anything coin related for counterfeits. I think that's a good thing, so I am okay with waiting for a bit for these packages.

[I have also heard that there are quite a few coin experts in the field working with Treasury and Customs on this issue recently, including a prety well know guy from one LCS I deal with for some raw coins.]

Yes, this is true. The Secret Service has “outsourced” coin counterfeiting expertise to the private sector. Why? Because they can and they don’t care enough about it to staff in-house for it. 

[RonnieR131]

  The 'Dollar' parents naming their children Morgan is the coolest name ever. ----- I wish someone in the Treasury Dept or Secret Service was an avid enough of a hobbyist to call whoever they contracted to do the counterfeit investigating to look into a few of the scammers who are making so much money. That 1878 Morgan MS68 is over the top unbearable to look at. I have a cousin who was a big dog at the Treasury in Kansas City for decades. He worked 3 years past when he could have retired because he enjoyed his job so much. One of our family reunions is in Overland Park Ks this March during spring break, I can't wait to discuss counterfeiting with him. (Instead of typing Secret Service I originally abbreviated as SS, it just didn't look right. LOL)

[VKurtB]

On 10/26/2022 at 9:37 AM, ronnie stein said:

  The 'Dollar' parents naming their children Morgan is the coolest name ever. ----- I wish someone in the Treasury Dept or Secret Service was an avid enough of a hobbyist to call whoever they contracted to do the counterfeit investigating to look into a few of the scammers who are making so much money. That 1878 Morgan MS68 is over the top unbearable to look at. I have a cousin who was a big dog at the Treasury in Kansas City for decades. He worked 3 years past when he could have retired because he enjoyed his job so much. One of our family reunions is in Overland Park Ks this March during spring break, I can't wait to discuss counterfeiting with him. (Instead of typing Secret Service I originally abbreviated as SS, it just didn't look right. LOL)

It seldom does.