Author Topic: Coins made with old tools/machines............  (Read 3568 times)

Offline ToolsandCoins

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Coins made with old tools/machines............
« on: April 20, 2011, 09:54:34 AM »
Thought this may interest some people here.

24 pictures of counterfit coins being made in China. Sickening to say the least.

http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting-Ring/Chinese-Fake-Coin-Minting.htm

Offline skfarmer

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Re: Coins made with old tools/machines............
« Reply #1 on: April 20, 2011, 10:23:41 AM »
thanks for posting. an interesting and eyeopening article.
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Offline m_fumich

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Re: Coins made with old tools/machines............
« Reply #2 on: April 20, 2011, 10:53:27 AM »
I wonder how many Chinese politicians and law enforcement officials are getting paid out of that operation. That line of stuff is allowed as long as the bribes get paid. I think the CIA should flood China with billions in fake Yuan.
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Offline highland512

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Re: Coins made with old tools/machines............
« Reply #3 on: April 20, 2011, 04:16:37 PM »
I wonder how many Chinese politicians and law enforcement officials are getting paid out of that operation. That line of stuff is allowed as long as the bribes get paid. I think the CIA should flood China with billions in fake Yuan.
I think China's gov't has already taking care of that. Why do you think they can beat us in manufacturing pricing. SOB's >:(
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Offline Matt_T

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Re: Coins made with old tools/machines............
« Reply #4 on: April 20, 2011, 04:37:49 PM »
Might be time to sticky the first post as an announcement and move the discussion to politics.........................

Offline fatfillup

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Re: Coins made with old tools/machines............
« Reply #5 on: April 21, 2011, 10:06:10 AM »
That is sick.
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Offline Mickey O

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Re: Coins made with old tools/machines............
« Reply #6 on: April 21, 2011, 10:12:25 AM »
Anybody Own The Harbor Freight 18v Impact Driver?
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Offline DavidB

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Re: Coins made with old tools/machines............
« Reply #7 on: April 22, 2011, 11:19:07 PM »
They copy everything else.  Why should coins be any different?
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Offline Mickey O

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Re: Coins made with old tools/machines............
« Reply #8 on: April 22, 2011, 11:26:15 PM »
They copy everything else.  Why should coins be any different?

It's not just copying, it's theft and counterfeiting and will do huge harm to the coin collecting market. But don't worry China is our friend.
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Offline Mickey O

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Re: Coins made with old tools/machines............
« Reply #9 on: April 24, 2011, 11:33:45 PM »
Coincidentally there was a bust involving these very coins 2 days ago here in Chicago:

Quote
Agents seize fake coins at O'Hare from China

U.S. Customs agents at O'Hare International Airport continue to seize counterfeit goods sent over from China — this time more than 350 forged rare antique U.S. coins.

Last week agents spotted something strange when X-raying a heavy package shipped from China and found 361 coins that appeared to be U.S. Trade Dollar coins, U.S. Customs and Border Protection agents announced Thursday.

The coins that were pressed with dates ranging from 1873 to 1878 could have sold for as much as $2,000 a piece if real, according to U.S. Custom's research.

The intended recipient had planned on selling the coins over the Internet, and contacted Customs and Border Protection agents when he or she did not receive the shipment, authorities said.

$700,000 if they sold for $2,000 a piece.

A laboratory test later revealed the coins were made of brass with a thin, silver-plated coating, according to the agency.

“Legitimate traders are being duped into buying these coins believing they are genuine,” said David Murphy, CBP Director of Field Operations in Chicago.

Since the beginning of the year, agents at O'Hare have seized more than 1,700 false drivers licenses that were shipped from China.

The agency said the high volume of seizures had been unprecedented and the IDs addressed to college students across the country were “high quality” counterfeits.

Read more: http://www.dailyherald.com/article/20110421/news/704219785/#ixzz1KVRInTGU


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Offline Tool Pants

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Re: Coins made with old tools/machines............
« Reply #11 on: May 02, 2011, 12:04:01 AM »
Guy I buy tools from at the flea market also sells coins and paper money.  While I was talking to him a guy came up to him with a silver coin and my guy knew it was fake just by the weight.  It was not heavy enough.  Then he took out a magnet and it stuck to the coin, which it would not have done if it was real.  He said the Chinese were doing this.  He even had a book full with fake Chinese coins.

The Garage Gazette

Re: Coins made with old tools/machines............
« Reply #11 on: May 02, 2011, 12:04:01 AM »

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