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 Replies: 25 / Views: 5,159 |
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Forum Dad
 United States
24161 Posts |
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As Echinda says its a fake and a poor one, if that letter is being used to sell it then thats Fraud Only if the seller knows it's fake. |
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Bedrock of the Community
Australia
21788 Posts |
In this case,
have to be able to prove without any doubt that the coin pictured is the that is referred to in the letter from the Royal Australian Mint.
Although I am not a fan of slabbing, I can understand why slabbing is so popular with Americans. The connection between the coin and the slab is very obvious, and cannot be questioned.
Nevertheless, with a coin that is valued at $30,000+, the authenticity of the slab should be verified. Unfortunately a coin cannot be directly tested unless it is broken out of the slab.
A 'belts and braces approach' for authenticity:_
Ideally, with very valuable coins, the coin is physically tested and checked by a numismatic professional, then slabbed. All testing and sales documentation is packaged with the slab, along with authorized photos from the slabbing company. If this sounds to fanatical that is OK. Does a value of $30k+ justify this approach?
Certainly, fakers are happy to invest $1,000 or more in technology to produce as perfect a fake as possible, if they can sell it for $30k.
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Valued Member
Australia
185 Posts |
" common " of " commonwealth " lettering seems ok, BUT , have a good look at the gradual increasing size of the lettering from " wealth " all the way to the last " A " of Australia.
Even the " TRA " of AusTRAlia is out of kilter.
The colour of the coin looks exactly like the pennies and halfpennies I used to leave overnight in the early1960's in a saucer of the original Coca Cola ( which really now tastes like Pepsi or watered down turps ), and the pennies and halfpennies always came out a very light coloured copper the next morning.
Oh,well, I lived and learnt and I could still spend my now much brighter newspaper selling tips on 1/2d worth of chocolate bullets (10x) and 1d worth of other mixed lollies. Much joy.
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Pillar of the Community
Australia
1364 Posts |
Hi XAG and  to the forum! Out of interest, how much are they asking for it? |
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Pillar of the Community
Australia
9410 Posts |
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" common " of " commonwealth " lettering seems ok, BUT , have a good look at the gradual increasing size of the lettering from " wealth " all the way to the last " A " of Australia. To me that appears to be because the coin is tilted to avoid glare in the picture. The coin is out of round also because of that. This makes the right side of the coin closer to the lens and that makes the writing appear larger. |
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Pillar of the Community
Australia
2529 Posts |
Agreeing with the comments above. Just reading Dr Google.....The R in Britt.....the second leg looks rounded off as would be seen on the English Obverse. The Indian Obverse has a more upward curved end with a point. As only a couple of of London Obverse 1930 pennies have been sighted and authenticated that would put the chance of this being genuine at around 1500 to 1. XAG, I don't imagine that you have the coin "in hand". But it would be worth the exercise in checking some of the known markers for a real 1930 against this specimen. The Ox moves slowly, but the Earth is patient.
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Pillar of the Community
Australia
1040 Posts |
No need to waste time on this Coin,the zero in 1930 tells all.
Anyone using that letter to sell this Coin will be up for Fraud in NSW & Qld,and I think Vict.,not sure about the other States.
Edited by Basil
06/18/2022 8:26 pm
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Pillar of the Community
Australia
2529 Posts |
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Could you possibly suggest a respected industry grader to take the coin to have it graded and authenticated?
I am located in Adelaide and Queensland. Many thanks .XAG, back to your original question, I take it you're fly in fly out. If you're in Adelaide on break, and Mawson Lakes is not out of your way, drop in to The Purple Penny. Have a chat with Mark and he will put you straight. I took a swag of stuff to him and he was straight up about what I had. Mark is also a member of this CoinCommunity. Their website will give you the info you need about location and opening hours. The Ox moves slowly, but the Earth is patient.
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New Member
Australia
20 Posts |
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Pillar of the Community
Australia
908 Posts |
The coin pictured is not the coin that came with the letter
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Pillar of the Community
Australia
1040 Posts |
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The coin pictured is not the coin that came with the letter Yes,old scam,i have a magazine from the 1960's where tricksters used a letter to sell fake 1923 halves in Sydney. They had a letter of authenticity from a well known Dealer for a genuine 1923 and used that to sell the fakes. They had an ad in the SMH on a Saturday and moved the Coins on a Sat. afternoon or Sunday and gone by Monday so there was no way for the buyers to check. They came unstuck when a Dealer smelt a rat and took a photo of the 2 sellers,not only that he had the private number of the Dealer who provided the LoA . Edited by Basil
07/09/2022 8:42 pm
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New Member
 Australia
4 Posts |
Update.
Thanks to everyone for their input. So I ended up passing on this particular example due mainly to time constraints regarding having the coins authenticity verified and graded. The coin did end up selling for 6k to another buyer. Whether this particular coin was authentic or not is something I guess we'll never know.
Thanks again to everyone for their input.
Edited by XAG
07/12/2022 9:27 pm
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Pillar of the Community
Australia
2529 Posts |
only $6,000 another red flag  The Ox moves slowly, but the Earth is patient.
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Pillar of the Community
4628 Posts |
Good on you XAG.
You made a wise decision. Best to err on the side of caution. The right coin will come along eventually.
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Pillar of the Community
United States
3402 Posts |
Very interesting discussion/input...great numismatic education. Thank you all.
KK
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Replies: 25 / Views: 5,159 |
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First Page
Posted 06/03/2022 8:18 pm
