Posts : 3
Points : 23950
Reputation : 0
Join date : 2010-07-10
|Subject: Alfonso III 4P gold Sat Jul 10, 2010 7:30 am|| |
Are the restrikes considered genuine?
How can one tell the difference between the original and the restrikes?
Have these been actually counterfeited? If in an NGC holder might the holder
also be counterfeit?
Thanks for the info.
Posts : 275
Points : 54217
Reputation : 14
Join date : 2009-02-20
|Subject: Re: Alfonso III 4P gold Sat Jul 10, 2010 2:27 pm|| |
It depends. Restrikes are coins struck using the original dies. However, like other copyrights or patents, the striking of coins must be authorized and have been properly supervised by the Mint who owns it.
In the case of Chinese counterfeited coins, Chinese soldiers during the chaotic years of the Republic of China. Chinese soldiers who have stolen or acquired dies left in some Mints, managed to produced coins using the original dies. These coins even though struck using original dies are considered counterfeit because the planchets are either not the authorized standard or of poor quality. The minting was not also authorized and had not been properly documented.
There are reports that Chinese counterfeiters even managed to reproduce slabs or coin capsules with bar codes almost similar to NGC, PCGS, ICG, and ANACS. So, be careful in buying coins particularly Chinese coins, Spanish Colonial and Pillar dollars, Trade dollars, and bullion Chinese Panda coins. These coins are the most counterfeited because of their premiums and the rising demand for Chinese coins.