Good show, suspected as much
Good show, suspected as much
One in a million...GNR ...sums it up nicely
Once a coin gets shipped from the various soveriegn mints or private mints they enter the second hand market.
In a best case scenario, like ASE's, you have just a few authorized dealers. These authorized dealers have an obligation to buy/sell at a reasonable price in a 2-way market. They do not have an obligation to quality control test and measure individually every coin that passes through their hands.
Even if you're buying monster boxes with mint seals DIRECTLY from an authorized dealer you still don't know.
But, one shouldn't get caught up in some conspiracy theory. It wouldn't benefit the Chinese counterfeiters to counterfeit entire monster box replete with counterfeit seals, nor would it be worth their while to send out agents selling boxes salted with counterfeits. That all costs too much for too little return...plus if caught they face the Secret Service and International penalties. Better to just have their way with private mint rounds or even better bars...these private corporations have no secret service protecting their product.
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Just keep your coin dealer happy and well fed and you'll be fine. Bring in an "extra" BOGO pizza that Dominos gave you and you'll be treated well. Add pepperoni and green pepper, well done, for better prices. Tomorrow would be a good day. Silver is low...call it Pizza Thursday.
I don't know? When I sell my dealer usually makes an offer in 3 minutes. He handles some. But Eagles, Maples and few others, I even consider myself an expert. I think if you gave me a 100 coins from US. CAN, Mex. Perth, I would probably even try Pandas. I think if you handed me a fake I would know right away. A bar, I would be more suspicious of. But honestly the more suspicious I am the more above reproach the dealer has to be. I would buy an Eagle or 90% coin with confidence from anyone as long as it was unslabbed. I think I would spot the fake in a second flat. Even bars. Silver is silver. Oddly this reminds of teenagers and oregano. You can maybe fool a teen that oregano is pot. But once you really know IT, you know it. Silver is a little like that. There is an old saying that if you think the average joe is a dumb arse, then imagine the 49.9999 percent of the population behind him.... I think people who end up buying fakes are like the same people who buy milled... or buy plated stuff like they have something valuable. Or really greedy people who find Amway just too run of the mill and misrepresent stuff. As a seller on ebay, it is really a throw the sheet at the wall game. I usually sell 1% a day. If I have at least 200 listing I will probably sell 14 items, roughly. Right now I have 50 listings so if I sell 15 in a month, I would be pleased. But scam artists must be the same way. 100 of us see right through the BS, and 1 guy falls for it. Then one day he tells his old lady not to worry, he has a collection to sell, then finds out he has been scammed. When I think of that, I wish..... Did you guys ever see the Quentin Tarantino Nazi hunter film. Well I wish gold and silver and antiquities collectors could create a gang that destroys frauds that ruins honest people. Sorry if that was wordy. I just mean it.
Last edited by Bobmhey; 01-27-2016 at 10:59 PM.
A guild. That is what we should create. Get a bunch of gold, silver and antiquity fans and create a guild and set up a hotline for help and do some charity so someday when we find that poor bastard with 50 milled bars of gold and sick wife we can help. Mainly by seeking and destroying the fraud and restoring the wronged person in Robin Hood Fashion. Ha ha ha ha I could be the doorman. I would be the pleb you told what I needed to know, but at least I would be responsible enough to understand that. LOL
I generally agree.
In 40 years of dealing I think maybe I've tested 100% thoroughly 2-3 coins. The rest go by feel.
You probably know more than most dealers, plus you take the time to look at "your" coins.
I probably have more experience having hundreds of thousands, millions maybe, of these and other coins pass by my hands. That extra experience faces the laws of diminishing returns, in plain english it's not that big of an extra advantage. A lot of that is older experience with counterfeits from the past. It's more productive for me, you, and everyone to look to counterfeiting of the future, easier cost effective ways to test, etc., going forward.