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China Kweichow Province Dollar (Counterfeit)  1888
China Kweichow Province Dollar (Counterfeit) 1888

Sumrall sent us a picture of his old Chinese dollar from the Kweichow Province. The catalogs do not venture a guess at the value of this rare coin -- there are so few of them and they are almost never traded, so determining fair market value is extremely difficult. One coin in well preserved condition was sold by at auction for $46200 US dollars. Yikes!

Many, many rare Chinese coins today are made as counterfeits. Sooner or later China will grow up as a nation and put a stop to the grossly blatant practice of counterfeiting rare coins. But not today. Counterfeit coins are worth zero.

The Standard Catalog reports that genuine examples of this coin are made of silver and weigh 24.8 grams. Sumrall should check both. The fact that he says it sticks to a magnet is bad news -- silver is not magnetic.

The lesson is obvious: do not buy or sell expensive rare coins to anyone you do not trust. This means that serious collectors spend a good deal of time and money developing relationships with coin dealers. Trust is built over time and experience. There is no other way.

Coin: 12708 , Genre: The Sinosphere
Requested by: Sumrall, Sun, 07-Oct-2012 20:05:07 GMT
Answered by: Chris, Wed, 09-Oct-2013 00:35:27 GMT
Reviewed by Chris - Appraisal updated, Tue, 23-Sep-2014 22:40:22 GMT
Requester description: it has ridges on the edge ... Like after 1900 what if a magnet sticks to my coin ... Does that mean its a fake... Google has made me paranoid ....
Tags: china kweichow province dollar counterfeit shinese chin chine chian chinese chineese dollare doller dol dollars replica forger counterfet fake counterfiet reproductions repro reproduction counterfeits replicas forgery fakes ridges ridge sticks stick ridged sticky sitcky harpoon stuck squiggle kwei chow squiggles scribbles swoosh squiggly squigle swirl twirly scribble curlycue swirls squiggley sqiggles swirly circle ring circled encircle crrcle cirle circlet circles circlr circal citcle encircled ringed circumscibed cirlce circel encircles encircling rings circling cirlces circular cicurling circumscribed

  

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Tue, 06-Dec-2016 19:51:32 GMT, unknown: 11035328