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coinoisseur

Good For Numismatics and Collectors !!!

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coinoisseur    10
coinoisseur

On January 19, 2012 Ebay announced that effective February 20, 2012 it will no longer allow replica coins to be listed on their site. This includes replicas or fake coins with the word copy on them. According to Ebay this new rule is being implemented thanks to buyers and sellers request to eliminate fake coins and replicas from Ebay. Fake coins or replicas already listed on Ebay before February 20, will be allowed to remain on the site until the listing ends. However, fake coins or replicas cannot be listed after February 20, 2012. One of the problems with Ebay listings for replicas or fake coins was that the images in the auction often times showed the word “COPY” on the coin. However, once the buyer received the replica or fake coin, the word “COPY” was no where on the actual item. Overall, this was a great move by Ebay as these fake coins eventually make it into the marketplace. Many times collectors can get deceived thinking their buying an authentic item, when infact the item they just bought was a fake. As of January 26, 2012 Ebay had a total of 6,001 ended listings under coins, with the word “COPY.” It had 5,269 ended listings under Coins with the word “REPLICA.” Finally, it also had 211 ended listings with coins described as being Counterfeit

 

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ATOMICSQUIRREL    10
ATOMICSQUIRREL

That's great news!:nuts:

 

Now, if SARS will only stop Taxing us money on MONEY!

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Cold Sea    0
Cold Sea

Hi Anthony, this can only be good.Maybe your thoughts on this one. I have always wondered whether Sammy Marks would fit in the replica category ?

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jwither    10
jwither

I was not aware of this change in eBay policy but I will consider it a step in the right direction. Members of the NGC Message Boards (and presumably PCGS where I do not post) have complained of this for a long time. Not the replicas specifically, but of the occurrence of fake coins.

 

On the Sammy Marks tickey, I do not recall the specifics surrounding its release, but I do not see how it could be considered a replica. There was no 1898 3d in silver for one and for another, it is recognized as a part of the ZAR coinage by all collectors to my knowledge. Hern lists it as a "pattern" and so does Krause.

 

An example of an actual and legitimate replica are the items produced by the (now defunct) Gallery Mint Museum. I bought a few of their items many years ago until I decided that I would rather spend this money on actual coins. These were cheap but still sell for less thanheir issue price to my knowledge. They all have the word "COPY" on either the obverse or reverse in accordance with the US Hobby Protection Act but otherwise appear to be indistinguishable from the actual coin.

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coinoisseur    10
coinoisseur

Hi Cold Sea

 

Yes I have to agree with Jwither on the Sammy Marks 3d. I would not consider it a replica. 1898 did not produce any 3d coinage. When Sammy Marks was given the use of the Mint for a day by President Paul Kruger, he wanted to make something special. He struck 218 Gold 3d coins with the intention of using it to make a Gold Belt for his wife. He realised after, that the this belt would then weigh too much and be too heavy to wear. Fortunately for us, he never made the belt, if not all the Sammy Marks 3d coins would probably be in a museum now. Interesting to note is that 1898 3d coins were proposed as the dies were available and Sammy Marks used this to mint these now famous coins.

Although not Officially Struck, they still form part of the ZAR series.

 

The question now asked is under which category should it fall.

 

1. It is an Unofficially Struck coin

2. It was struck off the official die

3. It was struck by a private individual

4. It is not a trial strike

5. It is not a replica

 

The only place that this coin can fall under is a Pattern. It would fall in the same category as the unique 1928 6d and the Bronze sovereign.

 

Still a coin with so much History....... Thats the beauty of coin collecting..... Every coin has a story to tell.......

 

 

Cheers

Edited by Coinoisseur

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culltony    10
culltony
On January 19, 2012 Ebay announced that effective February 20, 2012 it will no longer allow replica coins to be listed on their site. This includes replicas or fake coins with the word copy on them. According to Ebay this new rule is being implemented thanks to buyers and sellers request to eliminate fake coins and replicas from Ebay. Fake coins or replicas already listed on Ebay before February 20, will be allowed to remain on the site until the listing ends. However, fake coins or replicas cannot be listed after February 20, 2012. One of the problems with Ebay listings for replicas or fake coins was that the images in the auction often times showed the word “COPY” on the coin. However, once the buyer received the replica or fake coin, the word “COPY” was no where on the actual item. Overall, this was a great move by Ebay as these fake coins eventually make it into the marketplace. Many times collectors can get deceived thinking their buying an authentic item, when infact the item they just bought was a fake. As of January 26, 2012 Ebay had a total of 6,001 ended listings under coins, with the word “COPY.” It had 5,269 ended listings under Coins with the word “REPLICA.” Finally, it also had 211 ended listings with coins described as being Counterfeit

 

 

I just hope this also includes COPY Krugerrands, always too many of them on eBay!!!

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