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Comment Re:Bullion? (Score 1) 129

On the other hand, a private mint could notice that proof grade 1909-S-VDB pennies sell for slightly more than pennies from a 2010 proof set, and there is really nothing stopping a private mint from making a new run of "model 1909-S-VDB psuedopennies"

Except that it's counterfeiting and illegal in the US. Law does provide for re-strikes which are stamped with the word "COPY" to be created and distributed, though.

I am told that a large number of "collectable" coins are manufactured/faked in China.

China is churning these out an alarming rate. And they are not stamped with copy. Some of them are very well executed, but an educated collector can generally tell the fake from the real. Additionally, there are a number of 3rd party grading companies and you get authentication along with the grade.

Also, there is no such thing as a 1909-S-VDB proof. Proof is not a grade, it's a method of manufacture. There were no proof coins minted in San Francisco in 1909.

To downgrade the human mind is bad theology. - C. K. Chesterton