The Michigan State Numismatic Society

COUNTERFEITS: THREAT OR MENACE?

Let's be clear about this.  We know that some forms of counterfeit money have historicity. 

The Bank of England £5 notes made by the Germans during World War II are a recent example. 


The many "evasion coppers" of the American colonial period (which, in fact, circulated as minor coins in Appalachia into the 1830s) are woven into the fabric of our national heritage.


Those are not a danger to the hobby.

U.S. Mint Warns About Chinese-Made Counterfeit Coins


Imitation Pre-1950 Coinage


"The United States Mint is aware of recent reports that some companies in China are producing unmarked imitations of pre-1950 United States coins and are selling them on-line. This practice not only exploits unwary consumers and collectors, but also may violate Federal law. Both consumers and coin collectors should be aware of this practice and should exercise vigilance and good judgment when purchasing pre-1950 coins."


Read the Article Here


Counterfeit Coins Get Harder to Detect


by F. Michael Fazzari, Numismatic News

July 02, 2009


You may have read that computers have made die-making extremely accurate. That's one reason why modern fakes are so stylish with well-defined details. There are no more "new" fakes with "blobs" for the "dots" in their design. The relief of letters, numerals and lines is becoming sharp with no trace of the soft rounded edges we saw on the counterfeits made with transfer dies in years past. In their quest for perfection, the line between genuine and fake has become very thin.


Read the article here.

Chinese Fakes Get Harder to Spot Over Time


by F. Michael Fazzari, Numismatic News

June 04, 2009


Now, based on several recent news stories complete with photographs of the operation, let's make the assumption that China is one of the principal sources for the fake coins appearing in the numismatic market. I also believe there are several sources producing the coins because of the wide range in the quality of these counterfeits.


Read the article here


   Hobby Leaders Discuss Anti-Counterfeiting Actions


Posted on 6/2/2009

(Long Beach, California) – Leaders of five of the hobby and profession’s most influential organizations are launching a multi-pronged consumer awareness and protection campaign against counterfeit numismatic items sold and imported from China and elsewhere. The organizations in alphabetical order are the American Numismatic Association (ANA), the Industry Council for Tangible Assets (ICTA), Numismatic Guaranty Corporation (NGC), Professional Coin Grading Service (PCGS) and the Professional Numismatists Guild (PNG).


Read article here.