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Gold $2.50 Indian Head In Coin Roll

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Author Previous TopicReplies: 17 / Views: 2,087Next Topic Page 2 of 2
Bedrock of the Community
United States
36845 Posts
 Posted 08/04/2015  1:30 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
What a great way to sell a counterfeit $2 1/2 Indian. Then plead dumb by saying it was in the roll when you got it. Buyers will see the gold and bid the gold value getting the seller a good price for a phony $2 1/2. The perfect con.
Pillar of the Community
Sweden
1078 Posts
 Posted 08/04/2015  1:33 pm  Show Profile   Bookmark this reply Add X2an to your friends list
Interesting thing to point out - on the Swedish ebay "Tradera", I have never seen such a thing despite us having gold coins in similar sizes to old, small change. This after thoroughly searching though the coins and notes section many times. Although Tradera is smaller, I have never seen anything similar (such as silver in copper rolls etc.), but I will probably soon.

I personally think regarding this one - it's only worth what can be made out of the enders + 48#572;. "Always assume the lowest in value for best possibilities"
Rest in Peace
United States
17900 Posts
 Posted 08/04/2015  1:38 pm  Show Profile   Bookmark this reply Add moxking to your friends list
The simple age old con of creating greed. Once greed is instilled, intelligence disappears.
Rest in Peace
United States
18456 Posts
 Posted 08/04/2015  1:45 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
The seller says no returns if the roll is opened., he has similar rolls with gold coins
on one end and a unc. wheatie on the other.
I do not believe these are legit rolls. stay far away. his 14 day return policy is only for unopened and tamper free rolls.
Pillar of the Community
United States
4469 Posts
 Posted 08/04/2015  2:07 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list
T-Bop,

You are correct as I did not read far enough down his advertising page. The 14 day refund policy is part of the con.
Edited by Slider23
08/04/2015 2:08 pm
Bedrock of the Community
United States
94367 Posts
 Posted 08/04/2015  2:41 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
And the beat goes on.
Pillar of the Community
United States
6370 Posts
 Posted 08/04/2015  2:57 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
The indian looks genuine to me.
Bedrock of the Community
United States
36845 Posts
 Posted 08/04/2015  5:43 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
The Indian looks cast to me. Details are very mushy.

Gold-$2.50-Indian-Head-In-Coin-Roll
Edited by IndianGoldEagle
08/04/2015 5:44 pm
Pillar of the Community
United States
4469 Posts
 Posted 08/04/2015  6:42 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list
If the coin is cast, what are the typical metals use to make the gold counterfeit?
Pillar of the Community
Sweden
1078 Posts
 Posted 08/04/2015  6:45 pm  Show Profile   Bookmark this reply Add X2an to your friends list
Brass or actual gold plating I assume.
Valued Member
United States
77 Posts
 Posted 08/04/2015  6:46 pm  Show Profile   Bookmark this reply Add Lincoln28 to your friends list
Interesting. Thank you for the heads up
Pillar of the Community
United States
4469 Posts
 Posted 08/04/2015  7:11 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list
Here is a photo of a AU 58 1914 in a NGC slab. The roll coin appears to be made up to look AU, but does not show AU wear like the coin in the slab. The details on roll coin looks more like a MS coin. Would someone who understands gold grading, please comment.

Gold-$2.50-Indian-Head-In-Coin-Roll

Pillar of the Community
United States
6370 Posts
 Posted 08/04/2015  7:13 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
After taking a closer (and longer than 3-second) look at it, I see lots of red flags that the coin is indeed counterfeit. It is definitely not cast, as the fields are shiny and prooflike. The coin was struck from counterfeit dies. I see a depression in the headress, and the details in the devices are rough and mushy. It was the transfer of the coin's design to the dies that caused the rough devices and the inability to capture all of the details in the transfer caused the mushiness in the details. The prooflike surfaces are a result of overpolishing the fields of the die and stiking the coin at a very high strike pressure to make the coin look as "nice" as possible to any potential buyer. The high striking pressure was also used to make the details (which were weak to begin with) as strong as possible since it is nearly impossible to transfer a completely clear and detailed image from the coin to the die. I have yet to see a prooflike indian quarter eagle like this, so that threw me a bit since it wasn't my expectation for a fake indian quarter eagle.
Bedrock of the Community
United States
12057 Posts
 Posted 08/04/2015  10:55 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
How much on the odds of the other side of that indian having COPY stamped into it?

That way seller is not breaking Federal law, and "technically" not violating listing policies.

Mixed rolls of anything on the Bay are bad all the way around, almost all of the time, with the exceptions being few and far between.
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Rest in Peace
United States
18456 Posts
 Posted 08/05/2015  11:53 am  Show Profile   Bookmark this reply Add T-BOP to your friends list

Quote:
Mixed rolls of anything on the Bay are bad all the way around, almost all of the time, with the exceptions being few and far between.

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