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Counterfeit Gold Coins In NGC Slabs

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Slider23's Avatar
United States
4469 Posts
 Posted 05/29/2023  11:55 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
Wayne Miller writes about the Morgan annealing process, "each mint basined, machined and hardened its own dies. If the die was not hardened sufficiently through annealing, the die surface would tend to sink at the moment of striking due to the tremendous force involved".

If in fact, Philadelphia put in all dates and mint marks by hand before shipping there was terrible quality control with mispositioned dates, mispositioned mint marks, double dates, double mint marks, overdates, different sizes on mint marks.
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kbbpll's Avatar
United States
4233 Posts
 Posted 05/30/2023  01:48 am  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
I don't know the source of that quote, but why on earth would a branch mint basin, machine, and harden dies on its own? Did they have hubs to make dies from? Or die presses? No, they didn't. It makes no sense to me. In the 1900 time frame they were constantly complaining about die life to Barber in Philadelphia, which they wouldn't complain about if they had that kind of control over them. We'll have to check with Roger Burdette or somebody like that, but my understanding for years has been that dies were shipped to the branch mints ready to go, and the branch mints had no capability or authority to alter them. Their job was coin production. Mint records are pretty clear that dies for the following year were shipped to the branch mints in mid to late December - why would they bother with that protocol if the branch mints were punching their own dates? https://archive.org/details/rg104en...06/page/n219 is one such letter - "I have this day forwarded to the U.S. Mint New Orleans the following coinage dies for the calendar year 1900" is pretty darn clear that they were 1900-dated dies. Here's another for SF https://archive.org/details/rg104en...06/page/n165
I'm sorry for sounding so adamant about this but despite all the mistakes we find collectible now, the branch mints were not punching their own dates and mint marks. The counterfeiters sure are though!
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Slider23's Avatar
United States
4469 Posts
 Posted 05/30/2023  08:11 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply

Quote:
I don't know the source of that quote, but why on earth would a branch mint basin, machine, and harden dies on its own?


Wayne Miller, wrote "The Morgan And Peace dollar Text Book" and the quote is from the book. Miller acknowledges that a lot of the information in the book about the minting process came from Van Allen.
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numismatic student's Avatar
United States
11896 Posts
 Posted 05/30/2023  4:36 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
This is a report of a well made fake proof coin in a better holder that was posted 6 years ago. Really appreciate these guys and especially Mike for putting this together.

r0oO2CSSQv8
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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kbbpll's Avatar
United States
4233 Posts
 Posted 06/03/2023  1:07 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
@Slider23, I wanted to follow up on our discussion. I was wrong on some points, and correct on the main point. I had a longer email exchange with Roger Burdette (author of various books) and to summarize:

1. The basining, machining and hardening work done at the branch mints was to get them to fit in their presses, and to adapt them to the planchet upsetting used at that mint (mostly SF).
2. Dies were never shipped to branch mints with the dates or mint marks missing (i.e. the branch mints never punched these on their own).

Many lengthy details were in our discussion, such as "During the first decades of the two western mints, most San Francisco and some Carson Mint dies were shipped soft. This was done so that SF could adjust the radius (basin) to suit their presses, including cutting the die shank to correct length. Carson's presses were newer and soft dies were needed only for certain denominations. (For example when Carson got a new Morgan & Orr "Ajax" Press it used the same length dies as the one at Philadelphia, so these were shipped hardened, tempered and ready to use"

and "The basin, or radius of curvature of the dies, had to match the upsetting on planchets in height, width and angle between the proto-rim and the flat central area. If everything matched, the dies made the best quality coins with minimum force and thus lasted longer. Barber made dies with specific radii that worked well at Philadelphia with the upsetting determined by experiment. The identical dies when used at SF or another mint that had different upsetting values, might perform poorly."

As you might expect, removing material from the dies to adjust the basin/radius of the die face impacted the coin quality due to the "difference in relief between field and highest points. The main visual result on coins is a loss of detail where the relief meets the field, and less pronounced differences in height." I don't know if it was noticeable.

So the branch mints did alter the dies for the above reasons, but they never punched dates or mint marks on their own.
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Slider23's Avatar
United States
4469 Posts
 Posted 06/03/2023  4:41 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
@kbbpll, thanks for the updated information as it all makes sense now.
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BStrauss3's Avatar
United States
4593 Posts
 Posted 06/03/2023  7:20 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Excuse me?


Quote:
Fake slabs have been around for awhile, but recently the fakes slabs have been growing in the market place. PCGS has been the main target by the Chinese counterfeiters because because most of their holder coins do not have photos on the cert lookup. The new collector can protect themselves from counterfeits by buying from a reputable dealer, and buying coins that have photos to compare on the cert lookup. Unfortunately, the counterfeit coins and counterfeit plastic are getting better, and the counterfeit slabs enable the counterfeiter to sell their coins for more money. PCGS and NGC have contributed to their slabs being counterfeited by not posting high quality photos of coins on the cert lookup.


Fake slabs have been around since the Generation 1 rattler. That was the reason they went to the two-piece banded slabs...





-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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HondoB's Avatar
United States
25327 Posts
 Posted 06/03/2023  7:33 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
slider23 said:

Quote:
PCGS and NGC have contributed to their slabs being counterfeited by not posting high quality photos of coins on the cert lookup.

Agree 100%. Every slab and coin should be documented with photographs on the the cert page. I'll pay the extra $5 it would cost them to do this.
Inordinately fascinated by bits of metal with strange markings and figures
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mdh157's Avatar
United States
952 Posts
 Posted 07/25/2023  2:42 pm  Show Profile   Bookmark this reply Add mdh157 to your friends list Get a Link to this Reply
Great thread..........educational for new collectors or those not attuned to a specific series.
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Slerk's Avatar
Russian Federation
1557 Posts
 Posted 07/26/2023  04:30 am  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
@kbbpll, thank you for your educational message. It's really fascinating and gives some insight.
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Portugal
655 Posts
 Posted 07/29/2023  2:39 pm  Show Profile   Bookmark this reply Add jecz79 to your friends list Get a Link to this Reply
I just broke apart an NGC details holder to better check the coin inside. They seem well made. Thick plastic with the hologram in the back applied to the plastic shell, not the white insert inside.

I think the photos on the verification page are good enough to recognize the coin inside as unique. At least when the coin is big and has any kind of hits or marks of use
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