Several dealers are currently selling gold-plated State quarter dollars for $2 to $3 a piece. Some collectors appreciate coins that have been altered in this manner others do not.įor those who like them, if the price is not ridiculous, there is no reason not to collect them, remembering that the “alteration” does not add any value.įrequently, sellers on eBay and other online marketplaces offer gold-plated and painted State quarters and other denominations. ![]() They possess little to no numismatic premium beyond their face value. These gold-plated State quarter dollars are in the same category as State quarters that are painted or enameled or those bearing removable stickers - they are altered coins. ![]() The fact of the matter is that it would cost more to recover the gold used to plate such coins than the gold is worth. Some were even sold as “investments” to unsuspecting noncollectors. These gold-plated pieces were often sold as souvenirs or gifts. It is not illegal to alter coins in this way, but it doesn’t increase value beyond the face value of 25 cents. What you have is a genuine 2001 Kentucky quarter dollar that was gold-plated by a private company after the coin was placed in circulation. Mint was producing circulating commemorative quarter dollars honoring five states every year from 1999 to 2008. Many companies offered novelty items during the time the U.S. and all cyber-related scams at the FBI’s Internet Crime Complaint Center at thing is for sure, the 10-year 50 State Quarters program introduced many people to the hobby of coin collecting. All non-currency coins and bullion should be reported to the Anti-Counterfeiting Task Force at You can also file a complaint with the U.S. Secret Service office which can be found at currency should be reported to your local U.S. All identified Counterfeit coins involving U.S. If you believe that you are the victim of a counterfeit coin scheme, immediately report the activity to the online payment provider or credit card company used for the transaction. Protect your investments by dealing with reputable companies and dealers. Check online reviews and Better Business Bureau complaints before making a purchase. The FBI reminds readers to always research online sellers before buying coins and precious metals online. If you decide to purchase outside this venue, ensure that the coins are tested by a certified organization, before making a purchase. Protect your wallet and your personal data by purchasing from reputable, registered coin dealers. Do not let online scammers rob you of your investment. Many victims find purchasing online an easy method to make investments, as they can easily find what they are looking for, pay cheaper prices and have their investments delivered right to their door. Scammers capitalized on the financial uncertainty and nation-wide coin shortage brought on by the COVID-19 pandemic to take advantage of amateur investors online. In 2020, CBP seized over $1.64 million in counterfeit cash and coins at Chicago O’Hare International Airport. Customs and Border Protection (CBP) officers at Chicago’s international mail facility seized 279 shipments from China containing counterfeit coins and currency. ![]() An increasing number of counterfeit coins are being seized at US ports-of-entry. Online estimates reveal that consumers spend millions of dollars buying valuable or rare coins, but most receive near-worthless foreign-made counterfeits. Online advertisements used by scammers claim the coins are authentic however, consumers are receiving fake coins and precious metals. There are three types of counterfeit coins: transactional coins (quarters, dimes, etc.), numismatics (high value collectables), and bullion (precious metals). The FBI and the Department of Treasury are warning the public that counterfeit coins are being sold on various online auction, social media and retail websites, targeting investors and collectors. The FBI Warns the Public of Counterfeit Coin Scams
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