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 Replies: 28 / Views: 6,086 |
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Pillar of the Community
Australia
1529 Posts |
The big draw card of this auction is that 1920 Sovereign...estimated pre auction price.....just a cool $500,000 buckeroos...I would be interested to see what it will sell for.
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Valued Member
Australia
122 Posts |
quote:
Originally posted by lim118
The big draw card of this auction is that 1920 Sovereign...estimated pre auction price.....just a cool $500,000 buckeroos...I would be interested to see what it will sell for.
This might be a controversial, but I have every reason to believe that this con is a fake. The KJC magazine has a full page high resolution scan on the coin. Show it to the experts. Peter |
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Valued Member
Australia
444 Posts |
if it is a fake then surely this reputable auction house will refund money immediately
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Pillar of the Community
Australia
1079 Posts |
They would have to. Then again this reputable dealer would have had this coin double checked.
What makes you think its fake?
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Pillar of the Community
 Australia
1529 Posts |
quote:
Originally posted by projack
quote:
Originally posted by lim118
The big draw card of this auction is that 1920 Sovereign...estimated pre auction price.....just a cool $500,000 buckeroos...I would be interested to see what it will sell for.
This might be a controversial, but I have every reason to believe that this con is a fake.
The KJC magazine has a full page high resolution scan on the coin. Show it to the experts.
Peter
On what grounds are you basing your assumption that it may be a fake  Assumptions without facts are dangerous. Kurt Jaggard, the owner of KJC is a well known numismatist with a solid reputation within the numismatic community. I would doubt very much if he had not triple checked the authencity of this excessively rare coin before putting it up in his auction. His auction brochure has this coin featured on the cover and has been sent to collectors all over the world, if it is not the real dinki di coin, it would have been picked up by now. |
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Valued Member
Australia
122 Posts |
Some of these fake coins were made in the 60s and 70s in Lebanon and similar places for jewelry purpose only without the fine details of the original dies. If this is an uncalculated coin then why can't I read the BP clearly on the scan. Also see the rough edge all around the coin, the missing fine details on the horse's hoof and other places, the coloration of the coin ect. For me this coin is bullion value only.
Edited by projack
04/08/2006 06:06 am
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Valued Member
Australia
122 Posts |
Lim We even run a horserace with a fake horse in this country. That was something much harder to achieve than selling a fake horse minted on a coin.
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Pillar of the Community
Australia
1529 Posts |
Photo of the coin from their Website This is a clamed uncirculated grade coin not choice, not GEM not proof...looking at it objectively, it meets all the requirements of an uncirculated issue. I dare not even imagine what the asking price will be if it is of the higher grades, if there is one that is of a higher grade. I respect your right of opinion that this coin is only worth bullion to you, but there will be a fair number of bidders/dealers who will disagree with you on the day of the auction when they open up their wallets.
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Pillar of the Community
Australia
1529 Posts |
Anyway....this thread is about Mules and not about this Sovereign...if there is to be further discussion...lets do it in another thread.  |
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Valued Member
Australia
122 Posts |
Probably most of you have least one souvenir at home take a look and compare.
I have a 1925 one I was taking with me to school hundreds of times when I was a child. My school friends even bite on it like we had seen it in the movies.
I must say still looks better than one on the scan. Look and compare the year numbers you see on every souvenir before and after the year 1920 how much cleaner and thinner they are.
Edited by projack
04/08/2006 07:38 am
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Valued Member
Australia
122 Posts |
quote:
Kurt Jaggard, the owner of KJC is a well known numismatist with a solid reputation within the numismatic community.
Lim About reputation I could not go down to Downie's Auction 291 this year and sent them an absentee bid form with 2 pages of bids. Guess what? Every single item I won came on my maximum bid and I spent BIG. Edited by projack
04/08/2006 08:12 am
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Valued Member
Australia
444 Posts |
i am sure it is the real deal , it would take a perfect forgery to fool them , and also I would say that all the where abouts and provenance of these coins is known or can be traced back to previous sales
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Pillar of the Community
Australia
1529 Posts |
The posts from this thread is taken from the "Mules" thread in the Errors and Varieties Forum.
May I remind members to keep their comments based on facts that they can back up. Insinuations/attacks of other members, dealers and buyers without actual facts will not be tolerated.
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Valued Member
Australia
122 Posts |
quote:
Originally posted by PNC king
i am sure it is the real deal , it would take a perfect forgery to fool them , and also I would say that all the where abouts and provenance of these coins is known or can be traced back to previous sales
It is hard to argue with something based on a gut feelings and not on the actual coin, but even single pieces of arts were sold and turned out to be fakes. It is also possible that nobody made a big fuss about a $4000 sale in the seventies, or called experts. It would be very embracing to admit that now, and also don't forget the other 82.500 reasons (16.5%) not to be sure. |
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Pillar of the Community
Australia
853 Posts |
All I will say on this matter is I that I have no opinion as to whether this coin is a fake but based on a couple of stories from some very good customers of mine Kurt may not be all he seems. I do buy from am always very cautious.
In saying that however, you need to do homework on every auction item you buy. Fakes do find themselves at auction. Just because you buy from reputable auction houses does not mean the item is genuine.
I stopped bidding on Downies auctions because from a room bidder friend of mine who knew what my postal bids were thought I was scammed. I have never won an item at a Downies auction for less than my postal bid. I do not know of anyone else that has won an item at a Downies auction for less than their postal bid. Given how Downies say it works it is possible but I have never heard of it happening. If you smell a rat....
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Valued Member
Australia
122 Posts |
quote:
Originally posted by PNC king
if it is a fake then surely this reputable auction house will refund money immediately
Wrong Every auction I've been so far stated what you see is what you buy. They don't own the coins so the money goes to the seller. They might refund there commission, but they don't have to by law. I also buy scrap gold jewelry on pawnbrokers auction and I had an argument about the carat of the gold they advertised. They told me on the end it is your responsibility to verify. I made the argument only because I wanted the item and I new the carat number was less than it was stated, and I cant compete with someone who believes the sales brochure. Edited by projack
04/09/2006 03:09 am
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Replies: 28 / Views: 6,086 |
Posted 04/08/2006 04:21 am
