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1923 Threepence. Does It Make The Grade?

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Valued Member
CoinOS's Avatar
269 Posts
 Posted 02/26/2018  12:57 pm  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply

Quote:
Complete lack of detail, and spacing and shape of rim dentition is obviously different from the genuine coin


Are you kidding?


Quote:
That is the second rim, and identifies most fakes as being pressure cast. This results from the metal being poured into the mold before pressing.


The reason I was drawn to this auctioned coin is that the 1923 Australian 3d is extraordinarily rare in high mint state grades.

It is the only (non-proof/specimen) threepence that has never been awarded a grade above MS64.
Every other year except the 21.22 overdate has reached a higher grade. Even the rarer 1915 has MS66 grades.

This topic exists because I want others opinions and that includes yours and Echidnas.
I have not disputed or dismissed the possibility that the coin is fake, but I have questioned the unusual confidence I'm seeing here as to that claim.

Here is the other MS64 and probably the best known example.

1923-Threepence.-Does-It-Make-The-Grade?


Quote:
Prudence alone would dictate a pass on this coin until it's certified and graded.


That's one angle.

Another is 'you almost never see these in high MS grades - so ask the experts and gamble'
When it's gone - it's gone.

The basic grading principles applied to most Australian stuff don't apply to the early threepennies. The flat star etc means very little.

Cheers

Edited by CoinOS
02/26/2018 2:41 pm
Valued Member
CoinOS's Avatar
269 Posts
 Posted 02/26/2018  2:47 pm  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply

Quote:
I would grade it at MS63 being held back from a higher grade by the weak strike and before
anyone says its not unc they should look at the fields which are virtually mark free so it
obviously has never been circulated


Your grading guess record here on CCF is pretty good.
If qualified opinions here agree with you, I'll buy it.

unless someone else does..
Pillar of the Community
paxbrit's Avatar
United States
992 Posts
 Posted 02/26/2018  3:22 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
No, I'm not kidding, and nor was anyone else who advised it to be a fake. Like I said, if you want to talk yourself into buying this coin, it's very easy to do, you're already halfway there, it sounds like.

The smart buyer would pass on this coin and seek a certified example, or at least purchase subject to certification, but it doesn't sound like you're even taking basic steps to cover yourself, just looking for another opinion that agrees with your desire to obtain the coin.

If you can't tell the difference between a fake and a genuine coin even when others point it out to you, you should give up collecting expensive coins.
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 02/26/2018  4:51 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
If echidna says it's fake, you should take his word on it.

He is a well respected numismatist and knows what he's talking about.

Especially with respect to Pre-Decimals.
life is a mystery to be lived not a problem to be solved
Valued Member
CoinOS's Avatar
269 Posts
 Posted 02/28/2018  01:55 am  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply

292282185079

I enjoy a good laugh
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 02/28/2018  02:42 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Not happy with the grading of the 'MS64', either.
Only six diamonds in the headband of the crown.

All so called MS64's should have all eight diamonds sharply struck.

I will let others make up their own minds:
Why is it so?*

* - Professor Julius Sumner - Miller.
Valued Member
CoinOS's Avatar
269 Posts
 Posted 02/28/2018  03:40 am  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply

Quote:
All so called MS64's should have all eight diamonds sharply struck.


There are no known 1923 threepennies that show all eight diamonds sharply struck.
There are no MS65 1923 threepennies.
There are no MS66 1923 threepennies.
etc

From PCGS -
MS65: Above average strike with minor marks or hairlines, mostly out of focal areas.
MS64: Average or better strike with scattered marks or hairlines, though none severe.
MS63: Average or slightly weak strike with moderate marks or hairlines.

The benchmark collection coin is worth a 65 in my opinion.
The other recently auctioned by Universal certainly earned it's 64.

PCGS and NGC are possibly not very good at grading this particular coin - not many people are.

Haven't decided whether to click it and buy yet, maybe..
If I do - I'll have it graded by NGC and make the result known.
It's a soft strike with perfect fields and either MS61/2/or 3 any of which are a good buy as the seller is only asking AU58 money for it.

#



Edited by CoinOS
02/28/2018 9:22 pm
Pillar of the Community
Australia
852 Posts
 Posted 02/28/2018  03:45 am  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
I have some concerns.
Echidna is sure the threepences are fake (dodgy rims) but is uncertain about the 1911 shilling (more subtle rim).
As Nancy correctly states Echidna is an expert in the series. So if an expert is uncertain about a shilling then the fakes are reallyclose to perfection.
Now some of you are saying that the OP should only buy a graded coin to avoid the fakes, but even with the coin in hand will they spot the fakes? They have in the past slabbed an obvious fake 1923 halfpenny and they regularly slab 1920 CBL pennies as the more pricey 1920 No Dot. After all the graders are American and not experts in our coins.
Once the fakers sort out the rim problem then what? How will we spot the fakes then?
Pillar of the Community
Basil's Avatar
Australia
1040 Posts
 Posted 02/28/2018  05:14 am  Show Profile   Bookmark this reply Add Basil to your friends list Get a Link to this Reply

Quote:
If echidna says it's fake, you should take his word on it.


Just had a quick look whilst waiting for a Auction to end,Yeah,90% sure its another high quality fake.Lots of little things like gaps,the gap between Á & D of Advance looks wrong,T seems slightly malformed in Threepence.
Arrowed a couple of things but people can make up their own minds.


1923-Threepence.-Does-It-Make-The-Grade?
Edited by Basil
02/28/2018 05:19 am
Valued Member
CoinOS's Avatar
269 Posts
 Posted 02/28/2018  06:18 am  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply

Quote:
A & D of Advance looks wrong,T seems slightly malformed


1923-Threepence.-Does-It-Make-The-Grade?
1923-Threepence.-Does-It-Make-The-Grade?
1923-Threepence.-Does-It-Make-The-Grade?
1923-Threepence.-Does-It-Make-The-Grade?

The T does look a 7, but his photo needed huge magnification and is unclear.

Museum Victoria's coin is essentially untouched since day.1 and some of it's letters look off too.

The scroll AD spacing is not uniform across the three certified coins, Museum.Vic and Universal Auction are different.


Quote:
How will we spot the fakes then?


We won't.

Nobody here is the final word if armed only with a poor photo. The seller has the benefit of any reasonable doubt by default.


Edited by CoinOS
02/28/2018 07:55 am
Valued Member
CoinOS's Avatar
269 Posts
 Posted 02/28/2018  06:35 am  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply

Quote:
90% sure its another high quality fake


Jungle out there
Edited by CoinOS
02/28/2018 08:03 am
Pillar of the Community
Basil's Avatar
Australia
1040 Posts
 Posted 02/28/2018  5:03 pm  Show Profile   Bookmark this reply Add Basil to your friends list Get a Link to this Reply

Quote:
The scroll AD spacing is not uniform across the three certified coins


Ok,different Dies,but the Coin,even putting the Patina and rim aside,doesn't look correct to me,there is detail missing on various parts of the Coin.
After saying that my basic Coin knowledge was from 1960 to 1969 and then from the 1990's via the various Forums so I'm probably not the ideal person on this Forum to be offering opinions one way or the other.
Pillar of the Community
Australia
1364 Posts
 Posted 03/01/2018  02:45 am  Show Profile   Bookmark this reply Add coaster to your friends list Get a Link to this Reply
Hi CoinOS, I thought I was going crazy ... I went to finish a reply that I had started earlier to your post (Yesterday : 03:40 am) but when I looked at it again it was missing the part that I was asking about and then it dawned on me ... I see that it had been edited some 18 hours later!

Anyway, since it was almost finished I thought that I might as well still go ahead and ask. You wrote:

Quote:
While speaking of facts: regardless of the above opinions about it being fake - my homework on this is now complete and the coin is genuine.


Nonetheless even though some of the loudest voices were the wrong ones. I appreciate all input.


As I stated previously, I'm relatively new to coin collecting but I'm very keen to learn, especially when it comes to having an idea about indicators to help distinguish between real and fake coins, and especially pre-decimal Australian coins.

What I wanted to ask is what was it that finally gave you such certainty that the coin is in fact genuine?


Quote:
Haven't decided whether to click it and buy yet, maybe..
If I do - I'll have it graded by NGC and make the result known.


I'm really hoping that you do go ahead and buy the coin and have it graded otherwise I feel that I'm none the wiser!
Valued Member
CoinOS's Avatar
269 Posts
 Posted 03/01/2018  06:33 am  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply
Hi.


Quote:
keen to learn, especially when it comes to having an idea about indicators to help distinguish between real and fake coins, and especially pre-decimal Australian coins


This forum is pretty good for free help, but the 1923 3d is a very tough nut to crack. It is often poorly struck and deceptively hard to grade.

It is fine for people to help others here with opinions, but when opinions turn into ego driven rubbish as happened here, it's unhelpful.

I have purchased a semi-valuable coin from this seller before and it is here on CCF, look at my post in the Australian Variety and Error Coins, Bank Notes, Paper Money forum.

That coin has the exact same characteristics as this one which a handful have called out as fake. However there - nobody said a bad word about it. That coin is in superb condition and is in transit to NGC USA. It will get a monster grade but will be dropped a point or two because at the instant it was struck, a tiny thread or bristle was there and created a strike-through. They (tiny strike-through errors) are only penalized by NGC and PCGS if they are conspicuous. If the s-thru is hiding - the coin will be graded as if it isn't there.

The best site by far for learning about errors and things that go wrong in coin minting is http://www.error-ref.com and it's well worth a bookmark and read.

Heritage's auction site has spectacular coin photography, and is a good resource as all coins from past sales are viewable.


Quote:

What I wanted to ask is what was it that finally gave you such certainty that the coin is in fact genuine?


Two things.

1. I asked people I consider very highly qualified to make the call - verdict good.

2. While grateful for the polite input here [some of which helped], in the end I made my own call based on my knowledge.


Quote:
I'm really hoping that you do go ahead and buy the coin and have it graded


It's only a good buy if it hits MS grade, as it's only worth 400-500 in AU58. It's value goes sky-high in MS grades. Same for many George V Australian coins. I made him an offer and so far haven't heard back.

Cheers and thanks for your interest.

Edited by CoinOS
03/01/2018 12:29 pm
Pillar of the Community
Australia
1364 Posts
 Posted 03/01/2018  5:48 pm  Show Profile   Bookmark this reply Add coaster to your friends list Get a Link to this Reply

Quote:
I made him an offer and so far haven't heard back.

Good luck with your offer ... I hope you're successful! I'm beginning to wonder though if it's at all possible to grade a coin from just a photo?

Quote:
I asked people I consider very highly qualified to make the call - verdict good

Were any of these people also able to give you an indication of what they thought the grading would be?

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