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.
, Genre: The Sinosphere
Requested by: Sumrall, Sun, 07-Oct-2012 20:05:07 GMT
Answered by: Paul, Wed, 09-Oct-2013 00:35:27 GMT
Last review by CoinQuest: Sat, 10-Jun-2017 16:47:57 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 taiwan chine chinese chineese dollare dolls doller dol dollars replica forger counterfet fake counterfiet reproductions repro reproduction counterfeits replicas forgery fakes ridges reeded sticks branch rib reeding reeds ridge ridged ribbed twigs stalks spray sprig limb stick twig sprays sprigs branching stalk branches branched squiggle kwei chow squiggles scribbles curl swoosh squiggly squigle swirl bowed twirly scribble curlicues curly curve curved curlycue curvy curving swirls curls squiggley sqiggles swirly curves circle ring circled encircle circlet circles loops circal encircled circuit ringed circumscibed incircled circel circumference encircles encircling rings circling loop circular circumscribed