By Jack Riley
As most collectors know, Chinese counterfeits have flooded the market. Often many buyers are “burned” on key date and semi key date coins of many series. We have stressed that nothing is safe and that includes Eisenhower Dollars! These are readily available at banks for face value and yet here we have counterfeits.
Diving straight into repeating markers of these two “coins,” a 1971-P and 1977-P show commonalities between the two. Both share matching obverses and reverses indicated in Red.
Obverse markers:
- Diagonal depression of L
- Depression in front of the eye
Reverse markers:
- Raised lump below A1
- Indent below OF
- Line through C
China produces counterfeits of common coins like the Eisenhower dollar if a small profit can be made. These scammers may not be expert numismatists; but they are professional marketers who know about profit margins. Their profits expand with bulk production, flooding eBay and Facebook with fakes. China knows the coin collectors will just assume that low-value common coins like Ike dollars are genuine.
They are polluting the hobby.
If you suspect that one of your coins might be fake, see “Detecting Counterfeits” for methods.
If you like posts like this, you can read more articles on counterfeit coins by Jack D. Young, Jack Riley and Michael Bugeja at this URL. Also, please subscribe so you can get our weekly newsletter and be informed whenever there is a new article or column.
Proxiblog also has thousands of followers on Facebook Coin Groups, YouTube and other venues. To get the latest discussion and commentary, be sure to friend us by clicking here.
You can find more information about errors and varieties as well as buying and bidding on coins in Coin News Updated: The Essential Guide to Online Bidding. Please consider purchasing the work for yourself or a friend, as it underwrites this hobbyist website. Thank you.
