| Author |
Replies: 18 / Views: 8,934 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United Kingdom
735 Posts |
Yes CDU, I later noticed Philip's post was an old one. Your crown is in much better condition than the OP coin and so, obviously, more desirable if genuine. Quality will always retain value.
Edited by Hogarth 09/09/2020 3:47 pm
|
|
Moderator
 United States
190060 Posts |
CrownDownUnder,  to the Community!
|
|
Pillar of the Community
4628 Posts |
Philips coin is definitely kosher, Crown Down under I suspect yours is fake and possibly a Chinese one artifically aged to make it look used.
The way you bought it, a dealer demanding yes or no answer also screams red signs.
Lets hope the world finally wakes up to the atrocities China commits and finally stops allowing Chinese fakes to circulate.
|
|
Bedrock of the Community
United Kingdom
18017 Posts |
CrownDownUnder - please could you post a photo of the edge lettering flat on, rather than at an angle? The edge inscription is usually the easiest way to identify a fake. These are photos of the edge inscription on my crown. I've had it for years and bought it from a very reputable English dealer, so I'm pretty confident that it's genuine. It's in about GVF to NEF condition overall:   I think the value of 1847 Gothic crowns reflects the fact that not many circulated, and that, even though some were abused and used in jewelry, the vast majority probably still exist and thousands are still in EF or UNC condition. On the other hand, the 1847 Young Head crown, for instance, has a much higher mintage figure but the vast majority went into circulation and many would have been melted down.
|
|
Pillar of the Community
United Kingdom
735 Posts |
"I also just bought a 1847 Gothic Crown in Australia and it seems to match the one above exactly. I picked it up online, private sale for $1100AUD which is 614UK pounds sterling or $796US at time of writing. I have no experience with numismatics whatsoever and I didn't even check to see if this was authentic." I guess the obvious question would be; Why? Knowing nothing about coins you chose to pay £614 for something you have no way of knowing is genuine or fake? https://www.ebay.co.uk/sch/i.html?_..._sacat=58520
|
|
Pillar of the Community
United Kingdom
735 Posts |
|
|
New Member
Australia
6 Posts |
Wow, yeah. I see what you mean about fakes. I guess I like the story it potentially tells. If it is indeed a fake, and I suppose it could very well be, I'll get satisfaction out of putting a hammer to it. TBH, it didn't seem like a dodgy deal. I bought it from a guy selling coins for his grandfather. I don't buy coins for an investment or to make money from them. To me, it's all about the story and this is one of the more interesting ones. About 2 months after buying a "godless" florin off him, he came back to me offering the Crown at a much lower price, along with a bunch of other coins, including pennies, several other gothic coins (godless type also) and an 1804 Bank of England token dollar. Apparently, a local coin dealer offered to buy the crown for the price I mentioned and that's what he then offered it to me for. All the other coins I got were bundled in for a little extra, as he just wanted to get rid of them.
I'm not sure when his grandfather bought this crown, it could have been decades ago but I suppose, the Chinese have been doing this sort of thing for a while.
Does anyone have any advice on how I can get it properly assessed for authenticity? I don't care about the grading, since I can't imagine ever wanting to sell it, I just need to confirm that it's a fake. I'll happily post the end result here down the track, assessment result with a hammered coin.
|
|
New Member
Australia
6 Posts |
|
|
New Member
Australia
6 Posts |
I have a quick update. I took the coin to what looks like the biggest coin auction house in Sydney, a place on Margaret street before the close of business today. Not sure if it's okay to mention who they are, so I'll hold that for now. They run coin Auction's regularly and even have a couple of these crowns up for sale in an upcoming auction. They examined this crown under 10x magnification and confirmed it as genuine. I was even offered money for it on the spot, as well as the opportunity to auction it off under commission of about 15%.
They did say that this coin has been handled badly, scratched up and all. None of which really bothers me and if this wasn't the case, I wouldn't probably own it now. I'm stoked, it's a coin with and interesting story and it somehow ended up with me.
Anyway, unless they're missing something, I might have just gotten lucky. A guy with virtually no idea, buying something like this online without losing money. I suspect it's a bit of a fluke. Further to this, it looks like all the other coins I received as part of the "extended" deal are genuine also. I'm still new here, learning on the fly but I'm keen to post them here also, in separate, new threads.
In the meantime, I'm still keen to hear opinions about the authenticity. Perhaps something was missed? Or perhaps not?
|
|
Valued Member
United Kingdom
251 Posts |
Forgive my intrusion, but I'm with Hogarth on this - throwing over £600 on something you've zero experience in, and then being quite willing to accept that loss (you mentioned taking a hammer to it if fake, thus accepting your lost money and not attempting a refund) seems a trifle laid back. Obviously it's your choice how you pursue your interests, and maybe £614 isn't all that much to you...but if you want any chance of building a collection of value, you really need to be doing your research before splurging such an amount.
|
|
New Member
 Netherlands
5 Posts |
Princetane wrote: Philips coin is definitely kosher.
Thanks for the reply. Good to hear. Although bougt from a reputable Swedish dealer it's always tricky to buy such a coin online. There are a lot of fakes of this particular coin. Funny detail: this is the only coin I have that came with a lifetime warranty. ;-)
Edited by Philip2 09/10/2020 08:58 am
|
|
Pillar of the Community
Australia
1333 Posts |
Remember Down under we have Dollarydoos Hahaha, I'm not 100% but it think I saw that Gothic florin as for 1100AUD ballzy :D
|
|
Pillar of the Community
4628 Posts |
Re reading this thread, Down Under I think you are right, that coin looks genuine and its a nice example, EF or so. But the way you bought it seemed fishy, the price you paid is about right and maybe it was just someone wanting some liquid cash in this age of Covid.
People lose jobs, and for once its the middle and upper end losing jobs rather than precariats like me (Although my job has been secure and led to me buying an explosion of worn and average English silver coins this year). So once you have lost your job, in many cases the first thing to go are the assets and this includes rare and expensive coins.
He may have made you the offer he could not refuse, because he may have spent that grand you paid him before you even said yes.
Yes you got lucky and I envy you with such a nice coin - but in the future that strategy just may bring a dud.
|
|
Pillar of the Community
United States
1058 Posts |
Princetane, my thanks for the vocabulary expansion! My wife's not too thrilled, however, by what I've been singing all morning: "This is the dawning of the Age of Precariats..." But to illustrate your point, I acquired my first Gothic Crown, a lovely toner, in 1960 in a trade with a schoolmate whose father was a mid-level diplomat from Western Europe. In return, my pal got ten gorgeous Morgan dollars that I'd been cherry-picking for several years from rolls obtained over the counter at local small-town Long Island (NY) banks. Twenty years later, I'd added a Ph.D., moved 3,000 miles west, taken on a wife and two kids, and in a fast-moving moment of opportunity the Gothic Crown had to be converted into part of a down payment on a monster house mortgage. In retrospect, I made a choice to "need" the money, so took a beating in seller's fees on the Goth and my other British World rarities. Collecting coins, I've learned, is often a matter of resilience.
"If everything seems to be under control, you're just not going fast enough." --- Mario Andretti
|
|
Pillar of the Community
United Kingdom
695 Posts |
Rule of thumb for your future purchases @ CrownDownUnder. Anything with a price tag that makes the eyes water if it doesn't come with provenance (cert of authenticity or history of past owners). It is a very dangerous purchase. Yes the odd 1 or 2 may well be the real deal but 95% will get you burned. Every coin I purchase I take a copy of the image and put it against known authentic coins. Then I find as many that have sold as I can to get an idea of price versus coins condition . That old saying is very true for the most part ."If it looks too good too be true it probably is". Glad you dodged a bullet. But There's not one of us that hasn't fallen foul to dodgy coins in our early days of collecting. It becomes a steep and very quick learning curve when it hits your pocket. First £200 you should spend on coins is the books and reference material that helps you avoid all the above.
|
|
Page 2 of 2
|
Replies: 18 / Views: 8,934 |
Page 2 of 2
|