China Republic Dollar Li Yuan-Hung (Counterfeit) 1912
The trouble with old Chinese coins like this, Trevor, is that you are never quite sure what you've got. The modern-day counterfeiters are so good at their illegal work, it is a perilous proposition to spend big money on possibly fake merchandise.
If genuine, Trevor's coin carries catalog values that run along these high-value lines:
average circulated: $1000
well preserved: $2000
fully uncirculated: $5000
Use our Important Terminology page to convert these inflated catalog values to actual buy and sell values.
But counterfeit Chinese dollars (and other denominations) abound in today's marketplace. For a sobering experience, try visiting CoinForgeryEbay on Flickr. In this collection of photos you will see hundreds of fake coins sold as genuine to unsuspecting buyers. Trevor's coin, a 1912 Republic of China silver dollar, appears several times, often adorned with fake PCGS holders.
So if you can't trust a PCGS slab, what can you trust? The answer more and more in modern coin collecting is large, big-time dealers with untarnished reputations. Many reputable firms and institutions are keeping one step ahead of the counterfeiters, but not without significant expertise, investment, and expense. If you would like a list of CoinQuest's favorite Big Time dealers, use our Contact Us link and we will send you one.
Be careful if you are buying or selling high-end numismatic (coin collecting) material. Don't spend too much of your money until you really know the ropes!
BTW, the fake Li Yuan-Hung dollar in the PCGS holder shows his portrait without a hat. These coins are more common that those with the hat.
, Genre: The Sinosphere
Requested by: trevor, Fri, 04-Feb-2011 20:11:40 GMT
Answered by: Paul, Fri, 18-Oct-2013 15:46:35 GMT
Last review by CoinQuest: Tue, 21-Jul-2015 14:18:29 GMT
Requester description: 1912 1912 republic of china 1 dollar Li Yuan-Hung : Silver Dollar 3/4 military bust with cap rev value in wreath. rosettes.
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