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Hundreds of thousands of fake rare coins are being sold in this country without the required “copy” or “replica” stamped on the coin.
That means thousands of people have bought fake rare coins and have lost their money buying what they thought were real, rare coins.
Buying coins, especially sight-unseen online, can be harmful to your wallet if you can’t trust the source.
Here’s how to protect yourself:
- Find a reputable coin dealer.
- Buy coins that have been encapsulated by a third-party grader
- Be skeptical of buying a coin that seems like too good of a deal.
Must Read: Collecting Fake Coins
My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I'm a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I'm also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I've contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I've also authored nearly 1,000 articles here at The Fun Times Guide to Coins — and I welcome your coin questions in the comments below!