BEWARE of FAKE CASASCIUS COINS - page 3.

krogoth

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Quote from: buckrogers on October 08, 2022, 02:25:37 PM

Quote from: OgNasty on October 08, 2022, 02:16:51 PM

Quote from: ChiBitCTy on October 08, 2022, 12:14:22 PM

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 Wink

buckrogers

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Quote from: OgNasty on October 08, 2022, 02:16:51 PM

Quote from: ChiBitCTy on October 08, 2022, 12:14:22 PM

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.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: ChiBitCTy on October 08, 2022, 12:14:22 PM

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...

ChiBitCTy

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Unfortunately more news to come soon..

krogoth

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Krogothmanhattan alt account

Time for a bump.

MrMojoRising26

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Quote from: minerjones on June 05, 2022, 12:32:09 PM

Quote from: MrMojoRising26 on June 05, 2022, 12:28:07 PM

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

minerjones

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Quote from: MrMojoRising26 on June 05, 2022, 12:28:07 PM

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

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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

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Quote from: yimfinity on June 02, 2022, 01:24:33 PM

Quote from: 2stout on June 01, 2022, 10:36:40 PM

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.

yimfinity

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Quote from: 2stout on June 01, 2022, 10:36:40 PM

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.

Steeley

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Byzantine Generals' Problem solved,Prosperity Next

Quote from: CARIBBEAN_TREASURES on June 02, 2022, 12:19:35 AM

Quote from: Steeley on June 01, 2022, 02:58:51 PM

Quote from: Cryptogreatdane on May 31, 2022, 05:25:00 PM

Quote from: Steeley on May 31, 2022, 04:19:26 PM

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. Grin

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

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.

CARIBBEAN_TREASURES

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Quote from: Steeley on June 01, 2022, 02:58:51 PM

Quote from: Cryptogreatdane on May 31, 2022, 05:25:00 PM

Quote from: Steeley on May 31, 2022, 04:19:26 PM

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. Grin

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

2stout

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Activity: 2562

Merit: 607

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.

Steeley

sr. member

Activity: 1164

Merit: 268

Byzantine Generals' Problem solved,Prosperity Next

Quote from: Cryptogreatdane on May 31, 2022, 05:25:00 PM

Quote from: Steeley on May 31, 2022, 04:19:26 PM

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. Grin

Cryptogreatdane

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Activity: 1100

Merit: 472

Quote from: Steeley on May 31, 2022, 04:19:26 PM

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

sr. member

Activity: 1164

Merit: 268

Byzantine Generals' Problem solved,Prosperity Next

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

OgNasty

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Quote from: ChiBitCTy on May 31, 2022, 02:01:34 PM

Quote from: Cryptogreatdane on May 31, 2022, 01:47:11 PM

Wouldn't the first bits give it away. If it wasnt funded in 2012 dont do it.

For experts these aren’t going to work. Non-experts, you could just copy first bits of active coins.

I’m betting that grading services would even be willing to grade them without a care in the world if the hologram is authentic or not. Someone should try and see what happens. Again, I think most people would be able to tell if it is real after doing some comparisons, but casuals at Bitcoin events with too much money could be easily fooled. If anyone comes across these in real life, make sure to share pics with the rest of us.

ChiBitCTy

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Quote from: minerjones on May 31, 2022, 02:06:30 PM

Quote from: ChiBitCTy on May 31, 2022, 02:01:34 PM

Quote from: Cryptogreatdane on May 31, 2022, 01:47:11 PM

Wouldn't the first bits give it away. If it wasnt funded in 2012 dont do it.

For experts these aren’t going to work. Non-experts, you could just copy first bits of active coins.

Happy to authenticate any Casascius coins/bars at no cost. Cheesy

The problem lies when these are sold outside of bitcointalk. I’ve seen countless marketplace websites across the world where these types of coins are sold. Many which most browsers will never pick up, not to mention the ones I’ve never seen or ever will and I do a lot of looking around. This hobby continues to face a lot of head winds. I almost hesitate to post/say any of this as to not give people ideas (I’m talking to you scumbag scammers reading this as I know many of you are) but it needs to be known plus this page has been shared a good bit online and places like https://casascius.uberbills.com/?page=tools . Also hopefully people will do research and potentialy come across this thread and prevent potential losses. (This is a reply to everyone, I know you know all this MJ lol)

minerjones

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Quote from: ChiBitCTy on May 31, 2022, 02:01:34 PM

Quote from: Cryptogreatdane on May 31, 2022, 01:47:11 PM

Wouldn't the first bits give it away. If it wasnt funded in 2012 dont do it.

For experts these aren’t going to work. Non-experts, you could just copy first bits of active coins.

Happy to authenticate any Casascius coins/bars at no cost. Cheesy

ChiBitCTy

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Activity: 2282

Merit: 3014

Quote from: Cryptogreatdane on May 31, 2022, 01:47:11 PM

Wouldn't the first bits give it away. If it wasnt funded in 2012 dont do it.

For experts these aren’t going to work. Non-experts, you could just copy first bits of active coins.

Topic: BEWARE of FAKE CASASCIUS COINS - page 3. (Read 25406 times)