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 Replies: 24 / Views: 7,507 |
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Pillar of the Community
 United States
3098 Posts |
I was taken in by a fake 1857 FEC a few years back. The "tell" on that one was a notch out of the left side of the "T" in "CENT".
From what I can tell, this coin does not have that notch.
That eliminates one known fake.
If you're dealing with a reputable dealer, I'd ask for better photos.
Paul Bulgerin
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Bedrock of the Community
United States
94367 Posts |
Looks too good to be true.  to the CCF! |
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Bedrock of the Community
Australia
21788 Posts |
Looks to have good detail in the design both sides and appears to be quite bright, but no mint luster. Can't quite make up my mind it it has been whizzed or not, because if it has been whizzed, some mint luster should remain between the lettering. This inconsistency raises doubt in my mind regarding the possibility of an excellent fake. This coin would have to be slabbed for mine, because I feel it would surely come back with a 'details', if genuine. Without the slab, I would walk away. Much more inclined to buy it in a slab, with the 'details', for a lower price. That is despite the fact that I am normally not keen on slabbing. Third Party Graders for American coins at least, should be very able to support authenticity or otherwise in this case, and give reliable comment on 'details', if their opinion is for genuine. |
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Pillar of the Community
United States
1475 Posts |
All great comments so far..
You need to have due diligence when purchasing high value coins.
Any coin value above $300 should be authenticated and make sure it's not a details coin. (my standard)
Also, low-pixel, inadequate pictures are presented for the coin that costs thousands of dollars, if indeed BU+++.
I would ask for better, high resolution pictures, and ask lots of questions.
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Pillar of the Community
United States
4471 Posts |
As noted the photos are inadequate to determine much. All the photos are taken at an angle that hides marks and details on a coin. The coin appears to be UNC/AU details cleaned. Note the hairlines in the field on the last photo below the eagle. If you bought this coin, the coin should be sent express to a TPG for grading. If it comes back counterfeit from the TPG, that 30 day window for a refund goes fast. You also need to figure in your grading cost in the purchase. |
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Pillar of the Community
United States
4211 Posts |
I would never purchase a raw coin with this kind of value.
A "reputable" dealer would have this slabbed before offering
it for sale.
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Pillar of the Community
United States
824 Posts |
BuffaloBonsai4, I am not in the same boat as most people here. I think that if YOU feel like you are getting a good deal then that is all that matters. I would not rely 100% on what everyone here is stating, everyone has there own way to purchase and collect coins. Some have good opinions but not everyone see's things the same.
You state that the seller has a 30 day return policy and is a reputable seller, what have you got to lose? If it is a fake then you can return it and you might be out the $2 or $3 for shipping the coin back, if it is real and you get it for a good price then you made out.
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Pillar of the Community
United States
2125 Posts |
Looks whizzed. Pass. Respectfully.
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Pillar of the Community
Canada
5255 Posts |
I would buy a coin raw with a guarantee but only IF I had an established relationship with the dealer.
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Pillar of the Community
United States
4233 Posts |
I'm no expert but I see enough to be very suspicious. The date and legends generally look too rounded/"blobby", the E's and T's look wrong, the subtle striations in the fields (roughly N to S) make me think it's a laser-etched die. For a $3000-25000 coin I would demand sharp images and a guarantee of authenticity beyond a 30 day return policy.
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Pillar of the Community
United States
4989 Posts |
Looks suspicious - the coin is too clean and the surfaces seem to lack any luster. Likely an AU example with altered surfaces, possibly whizzed or acid dipped. Cleaning can drop a coin to melt value, which is virtually zero in the case of old copper, so be very wary of buying any high grade coin that isn't certified by PCGS, NGC, or ANACS.
Edited by fenton
04/02/2018 07:27 am
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Valued Member
United States
150 Posts |
Looks like a type 1856 from the font. Haven't seen those copied yet.
(Side note, I just received my first counterfeit 1857 FE in the mail yesterday - on purpose to add to my collection. It has the missing detail from the lower right leaf on the reverse)
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Pillar of the Community
United States
8715 Posts |
I wouldn't buy it. It's either a fake or cleaned.
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Valued Member
United States
77 Posts |
I say never spend more than $200 on a raw coin. On average 1857 Flying Eagles aren't rare or expensive, but that one looks to be mint state. Perhaps MS-65, which would make it between a $3k and $4k coin. If something seems too good to be true, follow those instincts. It's better to miss out on a coin that you're uncertain about than it is to lose money on a potential forgery that could've been spent on something you knew was real.
Edited by rbjr85
04/18/2018 06:19 am
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Pillar of the Community
United States
2335 Posts |
I'm not an expert and the pictures aren't good enough for me. Having said that, the first thing I noticed about the coin is the weak breast feathers. That looks to me like wear or a weak strike. That's enough for me to pass without bothering to check for authenticity.
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Replies: 24 / Views: 7,507 |
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First Page
Posted 03/31/2018 10:35 am
