| Author |
 Replies: 21 / Views: 2,156 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
7624 Posts |
With so many one dollar gold counterfeits out in the field I'd definitely get it certified. It'll pay off in the long run.
|
|
Pillar of the Community
United States
6370 Posts |
Your coin is counterfeit. I'll tell you why:
Being PL is a very bad sign for starters. Coins are typically PL for the first 4000 or so strikes, and then the PL wears off as the die wears from the metal flow caused during the striking of the coin. In 1874, 198,800 gold dollars were produced, so the chance your coin would be PL is very small. However, counterfeiters usually produce their coins on a relatively small scale, and they usually keep polishing their dies, so their coins come out as an attractive PL.
Another red flag are the spikes jutting out of the rim at 8:00 on the obverse and 7:00 on the reverse. These are toolmarks typical of many small counterfeit gold coins. There are probably more of these spikes, but those two are the only ones I can see from your pictures.
The only good thing about this coin is that it is still made of 90% gold and is worth whatever melt is. However, melt is far lower than what you paid, so I would try to return the coin and get a refund if I were you.
|
|
Valued Member
 United States
212 Posts |
type coin, I can see what you mean from the pictures, though I think it's just the 2x2 that it's in. I'll check right now.
EDIT: this is a really hard coin to do...
Edited by NickelCollector
08/16/2015 11:13 pm
|
|
Valued Member
United States
177 Posts |
I really can't tell for sure from the photos whether it is counterfeit or not, but I can see the spikes that TC mentioned. I also see a LOT of parallel lines on both the obverse and the reverse, many of which look like they are raised, suggesting some serious die scratches. Coincidentally, the "spikes" TC mentions (if I correctly understand what he's referring to) look like they are parallel to the die scratches, so they *could* just be more die scratches that happen to intersect the rims, rather than tooling marks.
What this means is up for debate, but if counterfeiters continually polish their dies, then these die scratches could very well indicate a possible counterfeit.
|
|
Valued Member
United States
212 Posts |
So I suppose I send it in for grading?
|
|
Valued Member
United States
177 Posts |
Probably the surest way to know for certain.
|
|
Bedrock of the Community
United States
10982 Posts |
It does appear to have AU+ Details and lightly cleaned. $240 is a fair price for it but buying raw low denomination gold ($1, $2.50, $3) is scary business these days. For reference, here's an NGC AU53 piece that sold this summer for $259 on Heritage. http://coins.ha.com/itm/gold-dollar...Lot=1x=0&y=0 |
|
Valued Member
United States
212 Posts |
If I'm correct, I've found where the supposed tooling marks are on the rim. I took another picture of the rim, and I just think it was dust or something. Probably doesn't help or anything.   Edited by NickelCollector
08/17/2015 12:00 am
|
|
Pillar of the Community
United States
589 Posts |
Quote:
It does appear to have AU+ Details and lightly cleaned. $240 is a fair price for it but buying raw low denomination gold ($1, $2.50, $3) is scary business these days.  NGC 1857 $1 AU-58 $245@HA.com in 2014 PCGS 1856 $1 AU-53 Slanted 5 $235@Stacks in 2015 Quote:1874 gold dollar- Many are found with the word LIBERTY partially or completely missing. This was probably the result of Die Deterioration. Not sure if your coin is genuine or counterfeit without having the coin in hand. I have three coins posted see if you can tell which ones are genuine.    From the pictures it is hard to tell. The one in the middle is a fake. The other two are problem free.  |
|
Valued Member
United States
212 Posts |
I believe the middle one is fake because of the spacing and shape of the letters in LIBERTY.
Anyways, if I wanted to get this just plain authenticated and maybe graded, who should I send it to?
|
|
Pillar of the Community
 United States
5828 Posts |
ANACS for authentication. Besides, they are the cheapest of the "big three"
|
|
Valued Member
United States
212 Posts |
Ok, so I've looked at the LIBERTY. And it seems that's it's full, which would probably be right if the coin was PL. or maybe it's just a nice, strong strike.
|
|
Valued Member
United States
177 Posts |
Look at johntookit's counterfeit. Without having to measure LIBERTY, look at the hair and how there appears to be worn areas even though the surface still looks fresh. The die for striking this counterfeit was most likely made from an XF/AU coin, and when the counterfeits were struck, they had "built-in" wear on Liberty's hair because of that. Compare with the hair on the two genuine coins.
|
|
Valued Member
United States
212 Posts |
Ah okay. I saw something weird with the hair at first, but then I saw the coronet and how liberty was wrong
|
|
Pillar of the Community
United States
4593 Posts |
For me the sig was the beads in her hair - the short strand pointing off at 3 o'clock was indistinct, vs. individual beads on the other two.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
|
Page 2 of 2
|
Replies: 21 / Views: 2,156 |
Page 2 of 2
|
First Page
Posted 08/16/2015 9:54 pm
