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Wednesday, July 9, 2008

How to Detect Counterfeit Coins Part 3 (numismatic rare coins)

(numismatic rare coins)

Another known type of counterfeit coins is replica coins. Replica simply means that the original coins are copied with the same features and markings. The usual counterfeit coins have differences that are noticeable when examined by coin experts. Some coins have the word “copy” intentionally put on the sides of the coins and these replicas are used for educational purposes and museum displays. 5.
(numismatic rare coins)

A Lebanese connection is said to have a huge production of counterfeit coins. (numismatic rare coins) These coins were found to be used in an attempt to fool many museums, collectors, business leaders and other countries that are searching for their ancient lost coins before the discovery of this syndicate.6. (numismatic rare coins) The collector intended forgery and the circulated intended forgery are types of forgeries where the coins are intended to be tokens yet the face values are accepted, despite of their illegality and irrelevant intrusive values. (numismatic rare coins)

It is important to consult an expert to determine if the coin is counterfeit or fake. An ordinary person can easily detect if the wrong metal was used for the counterfeiting. (numismatic rare coins) If the person is a collector of such items , he should be more aware of these coins. A collector needs to be more concerned with the collectible rare coins because this is where counterfeiters benefit frequently - their aim is to profit from the exclusive market for valuable coins. (numismatic rare coins)

Tuesday, July 8, 2008

How to Detect Counterfeit Coins Part 2 (numismatic rare coins)

(numismatic rare coins)

There are many things that can be considered to determine whether the coin is counterfeit or not. There are terms that are used to describe a counterfeit coin’s characteristics and they are as follows: (numismatic rare coins)

1. A restrike of a coin can be considered to be genuinely authenticated. (numismatic rare coins) These coins are actually dated earlier than those originally issued by the country that released them but have the same or exact features as the original coins. (numismatic rare coins)

2. Coins of a specific country in the ancient times are sometimes copied by another country.
(numismatic rare coins) A person may think that it is forgery, but it is not because they had been legally approved in the country where they originated. (numismatic rare coins)

3. Forgery can be associated with the making of an illegal profit. It would be the main objective of the counterfeiting syndicate.(numismatic rare coins) The government sometimes uses forgery for political propaganda, as in the Second World War when Germans produced millions of American and British banknotes with the intention of profiting from them and destabilizing their enemy’s economic situation.(numismatic rare coins)

cont...
(numismatic rare coins)

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