Why I’m Sick of the Garbage in Coin Collecting

I’ve collected coins for decades, but lately, the flood of fake mint errors and scams has me furious and worn out. It’s more than annoying—seeing so much junk out there, especially online, actually makes me sick. Today I’ll share my own experiences and what I’ve learned, plus some practical tips to help you avoid these traps.

Fake Mint Errors Everywhere

Browsing online marketplaces, I constantly spot ridiculous listings for supposed rare mint errors. Take that “IN COD WE TRUST” coin I found—clearly fake, yet priced like some treasure. Genuine errors, like a nickel struck on a cent planchet, are truly scarce and worth about $300. But most “errors” are either post-mint damage or total fakes. Scammers bank on collectors hunting for unique pieces, flooding sites with overpriced junk that’s nothing but clever deception.

What I’ve Learned Along the Way

After years in the hobby, I’ve gotten pretty good at spotting warning signs. Here’s what stands out:

• Real errors are rare and well-documented. Most online “errors” are just common flaws like die chips or machine damage—worth pocket change, not hundreds.
• Scammers love absurd prices. They’ll ask $500 for a worthless coin, banking on inexperienced buyers.
• It’s too easy for them. Posting fake listings on eBay or social media costs nothing, making it a fraud free-for-all.
• If the description sounds robotic or uses phrases like “unique addition to any collection,” run. That’s scammer speak.

Protecting Yourself from Scams

To keep your collection safe and your sanity intact, here’s advice I’ve gathered through tough lessons:

• Stay skeptical: Treat every online listing as suspicious until proven real. Always verify with trusted dealers or services like PCGS or NGC before buying.
• Learn grading basics: Understand how real errors differ from damage. True off-center strikes have specific traits, while fakes often show unnatural tool marks.
• Stick with trusted sources: Buy from established coin shows or dealers with solid reputations. Avoid sketchy platforms like Craigslist.
• Build your knowledge: Watch expert videos on real errors—the best defense against fakes is knowing what to look for.

Where Our Hobby Stands

After 50 years collecting, I’m worried about how this garbage is poisoning numismatics. It’s like a plague, scaring off newcomers who might otherwise discover coins’ incredible stories. But there’s hope: when we share experiences and stay alert, we fight back. I’ve seen communities expose frauds, and with more awareness, we can keep collecting’s joy alive. Remember—not every coin is special. Some are just trash. Keep your eyes open, and let’s preserve what makes this hobby great.