RE: How I Collect Coins

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By plagiarism, you mean getting fake replicas instead of 'real' oldies?.. quite hard nowadays, until you are a good expert yourself. (And even an expert can be fooled.... especially when you have to obtain stuff via internet).



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Ok thanks, I see. Yes, that's what I meant. So even already being an expert does not necessarily help? Experience certainly does. And gut feeling. So tell me, do you sometimes sell coins for some reason, e.g. duplicates? Prospects are suspicious then, don't they?

!invest_vote

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No, I am not a seller and not a collectioneer, I'd rather a conoisseur and hoarder. My wife and me have a little joint collection of random stuff (including - lol - one fake replica of gold tzar rouble from 1896). A few I found on the streets, a few I obtained at flea market. I love these coins as oldies, and dont want to sell them, would love to get more (especially without sufficient investments). Have no idea what will my grandchildren will do with all this stuff :D
!BEER

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Variously in Europe, I have encountered trustworthy-looking old men at flea markets organised for tourists, selling all Chinese replicas without labelling them as such. Since I have been collecting coins for a very long time, I rely on my gut feeling. But I also get it wrong sometimes.

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At one point I was thinking about collecting the replicas instead, buying them directly at China via aliexpress. I searched thru the sites and considered that replicas differ - and it would be not easy to get a good copy... I opted out of spending money for several tries, with no guaranteed result of getting a good copy instead of shit. So I never tried... I am still in love with the old coins, but... seems nowadays it became harder and harder to get original stuff. Sometimes near impossible. The number of people desiring it is simply incomparable with the amount of stuff that have been survived to nowadays. Alas.

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When I was born, there were 3.6 billion people in the world. Now there are 8 billion of us. People are doing better. More people collect coins. It is therefore of course more difficult to find coins.

That is why there are also fakes that are meant to harm collectors. However, I also have in my collection counterfeits created during the period of validity of the imitated coins.

English is not my native language. Sometimes I probably express myself imprecisely.

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My native is Russian. But thanks to English,-- it helps a lot to communicate all over the world! 🍻 !BEER

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That's nice. Counterfeits are another interesting ball game then replicas. I've been to museums where counterfeits are hold at face value and declared as such. Every coin has it's story. Replicas have a rather short one.

English is not my native language either, so we're probably two blind people with the same cane.

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That's interesting! So there's the gut feeling I mentioned. Please tell more on the occasions where you were wrong. How did you realize that later?

!invest_vote

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This has been practiced in our country for several years.
The scammer buys replicas of rare coins made in China. At the same time, he buys a bunch of worthless coins and a box. Then he puts an advert on a sales platform: "I am selling to the highest bidder my uncle's coins that he found in the attic while clearing out an estate. I don't understand it at all. Starting price $1." The scammer adds a photo of a pile of coins, in which pieces of "rare" coins are overlaid with worthless coins. Courts have a hard time proving that the scammer knew he was selling replicas.

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Heard stories with exactly the same scenario, except it was not internet adverts, but folks approaching you at a bus station, on the street, etc. "I am wrecked and in emergency need to get money, thats why I am selling this asap for such cheep. You definitely will have a good bargain with it, Sir! Rare luck!" - greed as a bait is a proven true recipe... no one can resist such a deceptive specter of the Big Profit... instead they would better ask themselves an honest question: how is it possible that such stuff costs only $1? there exist no more such idiots" (unless, of course, you are one of them - if you believe it). 😱

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I ran into more stationary tourist traps. Colorfully dressed old men in markets selling trinkets. Just imitations. In Poland, Greece... Actually, I don't know where I haven't met them.

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Thanks for adding to the thread, everyone.

That's what I was thinking of when asking the question. I can imagine going into a market or even a shop. Yet how to tell the seller is trustworthy if not gaining expertise for my own? Let's start with silver. Are there imitations out there that might be difficult to spot even for experts without doing anything like density measurement?

!invest_vote

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You asked me a lot of questions. I will try to answer in summary. There is no absolutely reliable method for recognizing a fake coin. I always buy from one seller for whom I have obtained good references in advance. I collect the coins in person and pay upon receipt. It occurred to me that I will gradually write several articles on this topic, in which I will hopefully give more answers.

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