BEWARE of FAKE CASASCIUS COINS

[Cryptogreatdane]

The Longding Co. sucks, in my opinion.

Also, I think this Ebay sale, while not technically a counterfeit, lives in the same category of ripping people off and hurting the hobby for collectors.

https://www.ebay.com/itm/185406688766?hash=item2b2b198dfe:g:D0MAAOSwnftiLCnF

Steeley

  I talked to this guy. Told him it was a bad idea. He said he wasnt trying to pass anything off as original. However, the price at which hes asking may lead people to believe its real.

[Steeley]

The Longding Co. sucks, in my opinion.

Also, I think this Ebay sale, while not technically a counterfeit, lives in the same category of ripping people off and hurting the hobby for collectors.

https://www.ebay.com/itm/185406688766?hash=item2b2b198dfe:g:D0MAAOSwnftiLCnF

Steeley

  I talked to this guy. Told him it was a bad idea. He said he wasnt trying to pass anything off as original. However, the price at which hes asking may lead people to believe its real.

Tell him that for a $10,500 "rebuilt" Casascius coin, (that is worth $300-500) he should at least offer free shipping to the poor soul that buys it. 

[2stout]

As an unintended consequence, I believe the ANACS yellow slab (the one right before the jungle green ones) will eventually command a higher premium- not because they are the best or worst but rather because their slab colors correspond with and represent a timeframe.  And the yellow slab timeframe represents an earlier time, which IMHO would lead to a greater buyer confidence of not being a fake vs being slabbed nowadays or later due to the amount horseshit out there now and continuing.  ICG might have some potential in this regard as no Cas background vs Cas background on the blue header, which would also correspond with and represent a timeframe.  Not saying this guarantees past ones can't be fakes or things slabbed nowadays are all fakes, but folks like odds and probabilities that lean more toward not being fakes and will pay at least a slightly higher premium. Don't get me wrong, I am typically in favor of slabbing due to the protection and preservation offered.

[CARIBBEAN_TREASURES]

The Longding Co. sucks, in my opinion.

Also, I think this Ebay sale, while not technically a counterfeit, lives in the same category of ripping people off and hurting the hobby for collectors.

https://www.ebay.com/itm/185406688766?hash=item2b2b198dfe:g:D0MAAOSwnftiLCnF

Steeley

  I talked to this guy. Told him it was a bad idea. He said he wasnt trying to pass anything off as original. However, the price at which hes asking may lead people to believe its real.

Tell him that for a $10,500 "rebuilt" Casascius coin, (that is worth $300-500) he should at least offer free shipping to the poor soul that buys it. 

I'll buy all of your silver casascius for $300

[Steeley]

The Longding Co. sucks, in my opinion.

Also, I think this Ebay sale, while not technically a counterfeit, lives in the same category of ripping people off and hurting the hobby for collectors.

https://www.ebay.com/itm/185406688766?hash=item2b2b198dfe:g:D0MAAOSwnftiLCnF

Steeley

  I talked to this guy. Told him it was a bad idea. He said he wasnt trying to pass anything off as original. However, the price at which hes asking may lead people to believe its real.

Tell him that for a $10,500 "rebuilt" Casascius coin, (that is worth $300-500) he should at least offer free shipping to the poor soul that buys it. 

I'll buy all of your silver casascius for $300

Oh yeah, It didn't register with me that this is a silver. I was looking at it too quickly. So, agreed, worth more than $300.

[yimfinity]

As an unintended consequence, I believe the ANACS yellow slab (the one right before the jungle green ones) will eventually command a higher premium- not because they are the best or worst but rather because their slab colors correspond with and represent a timeframe.  And the yellow slab timeframe represents an earlier time, which IMHO would lead to a greater buyer confidence of not being a fake vs being slabbed nowadays or later due to the amount horseshit out there now and continuing.  ICG might have some potential in this regard as no Cas background vs Cas background on the blue header, which would also correspond with and represent a timeframe.  Not saying this guarantees past ones can't be fakes or things slabbed nowadays are all fakes, but folks like odds and probabilities that lean more toward not being fakes and will pay at least a slightly higher premium. Don't get me wrong, I am typically in favor of slabbing due to the protection and preservation offered.

I agree. Having an effective bounded timestamp for provenance is valuable. Also it was reflective of a world where you were mailing hundreds to thousands of dollars of coin to get graded, not tens of thousands or more. Much higher risk / lower chance that would happen today. I don't believe ANACS ever offered walk-in grading. Seems like ICG/PCGS do case-by-case.

[minerjones]

As an unintended consequence, I believe the ANACS yellow slab (the one right before the jungle green ones) will eventually command a higher premium- not because they are the best or worst but rather because their slab colors correspond with and represent a timeframe.  And the yellow slab timeframe represents an earlier time, which IMHO would lead to a greater buyer confidence of not being a fake vs being slabbed nowadays or later due to the amount horseshit out there now and continuing.  ICG might have some potential in this regard as no Cas background vs Cas background on the blue header, which would also correspond with and represent a timeframe.  Not saying this guarantees past ones can't be fakes or things slabbed nowadays are all fakes, but folks like odds and probabilities that lean more toward not being fakes and will pay at least a slightly higher premium. Don't get me wrong, I am typically in favor of slabbing due to the protection and preservation offered.

I agree. Having an effective bounded timestamp for provenance is valuable. Also it was reflective of a world where you were mailing hundreds to thousands of dollars of coin to get graded, not tens of thousands or more. Much higher risk / lower chance that would happen today. I don't believe ANACS ever offered walk-in grading. Seems like ICG/PCGS do case-by-case.

You could call ahead to ANACS to have walk-in/in person grading done.
Made the mistake of doing that in January one time....  so much snow in Colorado!!!

ICG does also offer walk in service if you notify them before you come in.

[MrMojoRising26]

this one on ebay looks fake to me, but it could be the angle or lighting
https://www.ebay.com/itm/334463996314?hash=item4ddf9b919a:g:7csAAOSw3f5im7sJ

[minerjones]

this one on ebay looks fake to me, but it could be the angle or lighting
https://www.ebay.com/itm/334463996314?hash=item4ddf9b919a:g:7csAAOSw3f5im7sJ

It was probably cleaned with vinegar or something similar to take off the surface grime.
Have seen a few like that over the years... not fakes, but def should never do that to a coin.

Edit: the few fakes that I have seen in person are usually "over-plated" and/or super-smooth. Making both a dead giveaway for being non-genuine.
The 2nd picture in the OP of the 2 coins is a good example

[MrMojoRising26]

this one on ebay looks fake to me, but it could be the angle or lighting
https://www.ebay.com/itm/334463996314?hash=item4ddf9b919a:g:7csAAOSw3f5im7sJ

It was probably cleaned with vinegar or something similar to take off the surface grime.
Have seen a few like that over the years... not fakes, but def should never do that to a coin.

Edit: the few fakes that I have seen in person are usually "over-plated" and/or super-smooth. Making both a dead giveaway for being non-genuine.
The 2nd picture in the OP of the 2 coins is a good example

Good info to know thanks for your input sir

[krogoth]

 Time for a bump.

[ChiBitCTy]

Unfortunately more news to come soon..

[OgNasty]

Unfortunately more news to come soon..

That sounds a bit ominous.  We'll all have to wait and see what this news is.  I'm guessing someone purchased a fake or there's a new set of fakes in town that are a bit hard to distinguish from the real ones?  I'll admit I'm curious.  I'd hate to think that all Casascius holders will have to peel their coins if in the future it is too much of a risk to purchase one.  Maybe that will make my old collection a little more coveted.    Wishful thinking on my part. 

Waiting and watching...

[buckrogers]

Unfortunately more news to come soon..

That sounds a bit ominous.  We'll all have to wait and see what this news is.  I'm guessing someone purchased a fake or there's a new set of fakes in town that are a bit hard to distinguish from the real ones?  I'll admit I'm curious.  I'd hate to think that all Casascius holders will have to peel their coins if in the future it is too much of a risk to purchase one.  Maybe that will make my old collection a little more coveted.    Wishful thinking on my part. 

Waiting and watching...

Provenance will play a big part moving forward for sure.

[krogoth]

Unfortunately more news to come soon..

That sounds a bit ominous.  We'll all have to wait and see what this news is.  I'm guessing someone purchased a fake or there's a new set of fakes in town that are a bit hard to distinguish from the real ones?  I'll admit I'm curious.  I'd hate to think that all Casascius holders will have to peel their coins if in the future it is too much of a risk to purchase one.  Maybe that will make my old collection a little more coveted.    Wishful thinking on my part. 

Waiting and watching...

Provenance will play a big part moving forward for sure.

  Indeed it will be. The only cas I got directly from Mike was a silver gilt...which will NEVER leave my dungeon 

[Fattcatt]

REPOST

[OgNasty]

How much longer do we have to wait to hear about this new Casascius threat? There are still people selling them here so a delay could end up costing members of the community greatly. I’d hate for more people to get ripped off as a result of a delay is propagating information. So share the information and we can all be on alert for great deals that may not be so great in reality.

[ChiBitCTy]

How much longer do we have to wait to hear about this new Casascius threat? There are still people selling them here so a delay could end up costing members of the community greatly. I’d hate for more people to get ripped off as a result of a delay is propagating information. So share the information and we can all be on alert for great deals that may not be so great in reality.

I will check in to this.


@Mike Caldwell, man, please post this on your website. I know you’ve probably got your reasons for not doing so, but the truth is you’re literally going to end up costing people countless dollars by not doing so.

Please be mindful that people still use your website all the time. You left your sales live for the aluminum coins for I believe at least a couple years. I sent you a payment for a bag. I knew you had shut down, but figured maybe you were still selling those. I remember thinking “I’ll buy a bag, and if I don’t get one it’s whatever it’s only $60 (rough estimate of .39BTC at the time. That was now a $7,500 mistake. It’s completely my fault and should have reach out to you before and after, but I was dumb and lazy at the time. I have to imagine you got notified when sales were made. Your address generator, payment submission etc was still fully operational at the time.  

My point here is please be more mindful of other people. I know you’re wealthy beyond your wildest dreams and are sick of this hobby etc, but that shouldn’t mean you can’t help out a little.

[SatsLife]

Unfortunately more news to come soon..

That sounds a bit ominous.  We'll all have to wait and see what this news is.  I'm guessing someone purchased a fake or there's a new set of fakes in town that are a bit hard to distinguish from the real ones?  I'll admit I'm curious.  I'd hate to think that all Casascius holders will have to peel their coins if in the future it is too much of a risk to purchase one.  Maybe that will make my old collection a little more coveted.    Wishful thinking on my part. 

Waiting and watching...

Provenance will play a big part moving forward for sure.

Turns out nubbins was right. Also, anything graded is technically null of any provenance yes?

[Lesbian Cow]

Unfortunately more news to come soon..

That sounds a bit ominous.  We'll all have to wait and see what this news is.  I'm guessing someone purchased a fake or there's a new set of fakes in town that are a bit hard to distinguish from the real ones?  I'll admit I'm curious.  I'd hate to think that all Casascius holders will have to peel their coins if in the future it is too much of a risk to purchase one.  Maybe that will make my old collection a little more coveted.    Wishful thinking on my part.  

Waiting and watching...

Provenance will play a big part moving forward for sure.

Turns out nubbins was right. Also, anything graded is technically null of any provenance yes?

Edit to add:  Yes, grading would break the chain imo.  nubbins would agree.