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At the annual meeting of the numismatic world this week attendees have had the opportunity to examine some examples of counterfeit coins from China that are reportedly flooding into the U.S. market.
A real British pound coin, of the old type, on top of a fake.This coin was often counterfeited. Defective milling and letters on a counterfeit coin (top) For modern coins in general circulation, the most common method of protection from forgeries is the use of bi-metallic coins made of two metals of different color, which are difficult to counterfeit at low cost.
The coins are nicknamed "fatman dollars" by collectors, from a mistranslation of their Chinese nickname, "big head dollars" (袁大头; Yuán dàtóu). [35] They are also among the most commonly counterfeited Chinese coins, with counterfeit examples common for all four dates and several other major varieties. [36]
Despite the government preferring paper money over copper-alloy cash coins, the Chinese market had a high demand for them, this demand would stimulate an overproduction of forgeries that inundated the markets of Ming China, often these forged cash coins were cast in such miserable quality that a single real Zhiqian could buy 300 fake ones. [11]
Here are the top six coins, ranked in order of the sale price, with descriptions from Stack’s Bowers: ... Gold K’uping Tael Pattern CD (1907): This rare Chinese coin sold for $720,000. From ...
German patterns of Chinese coins are “highly sought after” by collectors. One version sold for $140,000. One version sold for $140,000. China-Kiangnan ND 1897 20 Cents Silver Pattern
Scraps of precious metals collected in this way could be melted down and even used to produce counterfeit coinage. A fourrée is an ancient type of counterfeit coin, in which counterfeiters plate a base-metal core with precious metal to resemble the solid-metal counterpart. The Chinese government issued paper money from the 11th century AD.
A string of clay Ban Liang (半兩) cash coins discovered at the Mawangdui site in Changsha, Hunan. Chinese burial money (traditional Chinese: 瘞錢; simplified Chinese: 瘗钱; pinyin: yì qián) a.k.a. dark coins (traditional Chinese: 冥錢; simplified Chinese: 冥钱; pinyin: míng qián) [1] [2] are Chinese imitations of currency that are placed in the grave of a person that is to be buried.