A warning to look out for these Chinese FAKE Peace dollars!

[KingTotsalot]

A couple of weeks ago, while roaming over silver coinage on eBay, KT came across a trio of "reasonably priced" Peace dollars....from 3 different dealers. KT should have had the wisdom to pass them up, but He bid on them and won them. When they arrived, KT immediately knew something was up as they go thunk when dropped on glass, rather than a sharp ping ring. Tapping against each other they also go thunk.

So yesterday, KT got out the scales and weighed each one....they averaged for the 3 "coins" 20.44 grams +_ 0.21 grams. Looking up the minted weight of Peace dollars, it is 26.73 grams. That is too much difference in weight to be silver and these fakes actually show little wear, but appear to have been artificially aged not to look new or mint condition. KT has one other fake Chinese dollar coin, so these will go with that one to use to demonstrate fake silver coinage!

Beware of any "bargain" priced silver coinage you see on eBay, you will always have to pay a bit of premium over the actual contained silver value! Smart folks learn from others mistakes. None of the dealers admitted in their listings that these were fakes and they have no markings to indicate they are.

 

[sube]

You know it is one of the only coins misspelling on purpose TRVST lol .
The artist that designed it was from Italy something to do with Rome V was U in Roam .sube

 

[Rudy]

Hope you reported the sellers to eBay.

 

[KingTotsalot]

Hope you reported the sellers to eBay.

Well, I think that would do little good, just displaying their ignorance. What KT did do was gave them a 5 star rating for fast delivery and good packing, but a 1 star rating for accuracy of the item and then explained the coins were Chinese fakes. That way the reviews will be harder for them to remove!

 

[vegasplayer]

file a claim with fee-bay take 1 real silver dollar photo it on a scale
then take 1 of those that you bought put it on a scale photo it
and say coins are FAKE you will get a refund 26 yrs on fee-bay homie don't play that b,s
with me.good luck

 

[randy]

Never buy any collectable on e-bay unless the seller allows returns.

 

[KingTotsalot]

Never buy any collectable on e-bay unless the seller allows returns.

Good policy! And KT needs to stick to the coins he knows....half dollars....and that the Chinese do not fake! LOL

But these would make a cool belt buckle with no real value!

 

[Carl-NC]

And KT needs to stick to the coins he knows....half dollars....and that the Chinese do not fake! LOL

They are counterfeiting everything... dollars, halves, quarters, dimes, large cents, commemoratives, etc. They used to be pretty obvious because a fake silver coin is usually made with a cupro-nickel alloy and they look it. But now I see some fake coins that are probably silver-plated to give them the proper silver sheen. At some point they'll figure out that using a real 90% silver blank to make fake coins will fool most of the people most of the time and then they can sell those CC Morgans for $1000 instead of $30.

 

[LovestheShiny!]

Bought a few Silver Eagles from a guy on Etsy. Turned out to be below weight, did not "ring" correctly, and looking closely noticed that the Chinese had messed up on a few small details on obverse and reverse, esp the date digits were off. Yep... beware.

 

[KingTotsalot]

Bought a few Silver Eagles from a guy on Etsy. Turned out to be below weight, did not "ring" correctly, and looking closely noticed that the Chinese had messed up on a few small details on obverse and reverse, esp the date digits were off. Yep... beware.

That has got to be frustrating, LovestheShiny! But if you like western style belt buckles, you could get one to fit a silver dollar in and put your fake dollar in it....it would still look good! HA HA

 

[KingTotsalot]

KT just went up on eBay and ordered 2 silvertoned, inexpensive western style belt buckles to mount two of the fake dollars in! They will look sweet, KT is certain, and one will fit on His Royal Western 6 shooter belt with the new .22LR single action! Some fun coming in the Royal backyard later this fall when the weather cools down! HA HA

One KT gets them mounted in the new belt buckles, He will post of pic of them! LOL

 

[hoser]

As much as I would like to get old silver on line, ebay is not on my to buy list. I have seen too many of my friends get taken big time on ebay. Those who have had good encounters great! personally I will not take the chance.

 

[LovestheShiny!]

Your Majesty, those fake Silver Eagles were tossed in the trash and hauled to the dump. I did not want someone else down the road to be taken as I was.... so... completely "out of circulation!"

 

[Carl-NC]

Anyone who has a counterfeit coin and wants to get rid of it I'll take it. I'd like to use them to develop a counterfeit coin detector. Right now I have a bust dollar and a trade dollar (bought at a flea market for $5 each), would like to get more variety.

 

[afpilot64]

Only buy certified by NGC/pcgs

 

[KingTotsalot]

Only buy certified by NGC/pcgs

And how much premium over the actual silver value will that cost the buyer?? It is only worth getting graded if the coin is very rare mintage or mint or near mint condition. No one has a common worn circulated coin graded.

KT has purchased many 100s of silver halves off of eBay and never had a problem. It is when KT bought "silver" dollars that His Majesty made a blunder. That is why the warning in this thread.

 

[VirginiaBikeGirl]

A couple of weeks ago, while roaming over silver coinage on eBay, KT came across a trio of "reasonably priced" Peace dollars....from 3 different dealers. KT should have had the wisdom to pass them up, but He bid on them and won them. When they arrived, KT immediately knew something was up as they go thunk when dropped on glass, rather than a sharp ping ring. Tapping against each other they also go thunk.

So yesterday, KT got out the scales and weighed each one....they averaged for the 3 "coins" 20.44 grams +_ 0.21 grams. Looking up the minted weight of Peace dollars, it is 26.73 grams. That is too much difference in weight to be silver and these fakes actually show little wear, but appear to have been artificially aged not to look new or mint condition. KT has one other fake Chinese dollar coin, so these will go with that one to use to demonstrate fake silver coinage!

Beware of any "bargain" priced silver coinage you see on eBay, you will always have to pay a bit of premium over the actual contained silver value! Smart folks learn from others mistakes. None of the dealers admitted in their listings that these were fakes and they have no markings to indicate they are.

I have used metal stamps to mark fakes as copies. First one was a nice Mexican 8 Reales, that was magnetic. Fortunately, the EBay seller just wasn't a coin person and refunded my money immediately.

 

[KingTotsalot]

I have used metal stamps to mark fakes as copies. First one was a nice Mexican 8 Reales, that was magnetic. Fortunately, the EBay seller just wasn't a coin person and refunded my money immediately.

Royal Thanks for your comment, VirginaBikeGirl!

 

[BobOso]

It does not matter if the seller accepts returns, start one and ebay will get your money back.

 

[KingTotsalot]

It does not matter if the seller accepts returns, start one and ebay will get your money back.

Thanks for the advise, BobOso!