Fake Morgan Dollars Made in China.

Abog

Well-Known Member
#1


Here's a close-up image of a few freshly-minted fake Morgan Dollars struck in China. I don't know if they were struck by the coin press on the previous page, or one of the several other coin presses this counterfeiting ring has, but those fake Morgans sure look to be pretty high-quality counterfeits. Of course, this counterfeiting ring will process them so that each one appears to have a different amount of wear, toning, contact marks, and other minor imperfections so that they don't all look too much alike. Some of these fake Morgan Dollars will also find their way into counterfeit PCGS and NGC slabs, but my sources tell me that most of the fakes these counterfeiters sell are sold "raw" (rather than slabbed.)





Here is an edge view of the same handful of fake Morgan Dollars shown on the previous page. Again, what stands out most to me is the high quality of these fakes. The coins may or may not have been struck on genuine .900 fine silver planchets, though. The Chinese have been experts at creating lookalike alloys for more 1,500 years.



A Chinese worker in a coin counterfeiting ring operates a machine that puts edge lettering on fake silver coins.

Here's another one of the coining machines in use at this large Chinese coin counterfeiting factory. A worker, who looks to be a woman, is operating a machine that applies edge lettering to the edges of the struck coins. This machine is somewhat different from the Schuler edge lettering machine in use at the U.S. Mint for the golden dollars. According to reader Henry N., this one operates more like a Castaing Machine, which was the first machine ever developed for the express purposes of putting edge lettering and other marks on the edges of coins. Minting experts Mike Diamond and Fred Weinberg also concur, based on what they can see in the photo, that the machine is applying edge lettering. Reader Kostas K. pointed out that if you look carefully just to the left of the large tube, you can actually see a coin traveling through the machine!



A selection of dies is shown for striking fake coins in an illegal Chinese coin minting operation. Note the many U.S. coins being faked.

In order to strike coins, you need coin dies, and the Chinese counterfeiters are making some fairly high-quality ones, as this photo indicates. Most of the dies shown here are of various American silver dollars, although I see a couple of Indian Head Cent dies and some foreign coin types.



A selection of dies is shown for striking fake coins in an illegal Chinese coin minting operation. Note the many U.S. coins being faked.


In order to strike coins, you need coin dies, and the Chinese counterfeiters are making some fairly high-quality ones, as this photo indicates. Most of the dies shown here are of various American silver dollars, although I see a couple of Indian Head Cent dies and some foreign coin types.
This close-up photo shows the high quality of these dies for making fake silver crown-sized coins. The die on the right is the reverse of a British silver crown dated 1899. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. Although the British Crown, if genuine, would sell for a few hundred dollars, the Greek coin made by these dies would cost thousands. Of course, each coin die can strike tens of thousands of specimens, making this a very profitable operation!



Workers in a Chinese coin counterfeiting ring work the coin press as it strikes fake U.S. silver coins for sale on eBay.

Here's another one of the Chinese counterfeiting ring's coin presses, this time being operated by two men. As you can see, the machinery looks pretty old and maybe not very well maintained. Certainly it's very filthy, but the work these men are doing is filthy in itself, making counterfeit rare coins to pollute our coin collecting marketplace.



Thousands of Fake Coins Struck by a Chinese Counterfeiting Ring.


This wide-angle shot is deceiving at first. For perspective, consider that the blue stool in the middle of the photo is a full-sized step-stool type of seat. All around it are boxes and boxes of Chinese-made fake silver coins, all neatly sorted into compartments. Many of these coins will end up in fake PCGS, NGC, ANACS, or other grading service holders, but the majority of them are sold ungraded. Some of them are even sold "legitimately" as "replicas" rather than as the genuine coin, but without a marking indicating that they're copies, it is easy for dishonest people to pass them off as authentic.

Here's a little bit closer look at the coins in the many counterfeit coins this Chinese minting operation has struck. Most of them are silver-colored (although probably not made of real silver,) and a few of them are made of copper. Those boxes don't look very sturdy (remember, coins are quite heavy in these quantities, even fake ones,) yet my source tells me the coins are transported to coin shows in these cases. Of course, you won't see these boxes on the coin show trading floor! This sort of quantity is the type of deal done behind closed doors in private hotel rooms, but even there I doubt a buyer would see anything but the coins themselves.



Counterfeit Standing Liberty Quarters and Indian Head Cents made by a major Chinese fake coin operation.

One last look at what's in the silk-covered trays - a close-up photo shows lots and lots of freshly-struck fake Standing Liberty Quarters! I also see Chinese-made fake Indian Head Cents, and what look to be maybe Large Cents and perhaps some counterfeit dimes and nickels.



Counterfeit coins, bars, and other small obects can be seen in this showroom in a Chinese coin and antiquities counterfeiting operation.


This photo shows one of the showrooms for the counterfeiting ring. This is a little like a store, where customers can come in and buy smaller bulk quantities of the fake coins and other items made by this operation.
Although my sources described this photo as a storage area, their English isn't the best, so I actually think we might be looking at another showroom type of place. The actual non-customer-accessible storage areas, as seen in other photos in this gallery, are much more cluttered and filthy.




Counterfeit Indian Head Pennies and Large Cents made by a major Chinese fake coin operation.

his container is full of Chinese-made fake Indian Head Cents and fake U.S. Large Cents. The dates on the fake Large Cents include 1854 and 1857. Fake Indian Head Cents I have seen in their photos include 1869, 1870, 1871, 1872, 1877, 1908-S, and 1909-S. I've also seen photos of fake 1856 Flying Eagle Cents. As you can see, this ring seems to prefer making counterfeits of key coins and the other more valuable dates, sometimes to the point of absurdity, as in their fake 1913 Liberty Nickels. Don't be fooled, though. I've also seen plenty of more common dates. When it only costs you 2 - 4 cents per coin to make them, even selling them for a "paltry" $15 or $20 each is an excellent profit. And anyway, these guys claim they don't sell singles. They're self-proclaimed "replica wholesalers" and it's not their fault if other people misrepresent their merchandise. They claim they're merely filling a demand in the marketplace.


Continued need?:yikes:
 

hoser

Well-Known Member
#3
Thanks for bringing this up Abog. I read this a while back on the coin collectors forum and was blown away as well. You see all these adds in some mags and newspaper fliers about uncirculated Morgans for a real good price. COULD IT BE!!!!!!!!:doh::icon_conf
 

dogpound

Well-Known Member
#6
that is sad, makes ya wonder how many people have some of these fakes in their collection and don't even know it. could you imagine the day some of these coin collectors go to sell and get hit with that news.
 

Jason in Enid

Well-Known Member
#7
If these are being made from the correct silver comp, and are being mechanically worn to simulate use, they may be impossible to distinquish from real coins. But I would bet, being Chinese fakes, that these arent silver or are electroplated.
 
#10
This post got me thinking about the few that I have. A friend told me I could check them by weighing them so I dug them out and needed some info on their weight. I found this very informative link. According to this link they are starting to make them so well that they even got the alloy and weight right in some of the higher quality knockoffs. If the material is right and so is the weight your not going to take as big of a loss as you would have when they where making them out of silver plated zinc blanks. That is if you buy them right and the price keeps going up.
http://www.ehow.com/how_4821306_spot-fake-morgan-silver-dollars.html
 
#11
Thats crazy!
The counterfiters may be loosing in the near future. Just saying....


China’s central bank has called for the creation of a new global currency in order to substitute the US Dollar as the global reserve currency, highlighting the current financial situation in the US and its affect on global markets.
 

hoser

Well-Known Member
#15
Nothing sacred anymore.:banghead: I hope they all get a dose of the Michigan quicksteps from a bad fortune cookie:eek::yikes::rofl:
 

dogpound

Well-Known Member
#17
crap i knew that cap busted half i got off ebay for 10 bucks was too good to be true:banghead: another thing being counterfeitted are casino tokens
 
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