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1891-S Double Eagle: Easily Verifying A PCGS Labeled "Authenticity Unverifiable" Coin.

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Pillar of the Community
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 Posted 02/07/2023  08:56 am Show Profile   Bookmark this topic Add Earle42 to your friends list Get a Link to this Message
Following is the link to a video verifying a gold coin returned by PCGS as being "Authenticity Unverifiable."

https://rumble.com/v28nxya-science-...-eagle..html

Actually using a scientific method shows the coin is verifiably authentic despite the opinions of those who may consider grading companies to be the unquestionable experts concerning coins.

Content:
1. PCGS's grading process:
- what this coin allegedly underwent at PCGS

2. Explanation of US mint dies vs replica dies

3. Source of the overlay used and verifiability

4. Overlay shown for OBV and REV

5. Discussion of science vs. opinion
- PCGS abandoning science to return to a more profitable system of grading/evaluation they currently use.

Why make the video?
B/c people are unaware of the great damage that can occur in the hobby caused by the claims of companies who exist to make profits (that is not evil when done honestly).

It is shameful people unintentionally now value the coins themselves as being secondary to professional marketers representing a business that falls short of what it claims (as is shown in the video).

Since PCGS's evaluation was "Authenticity Unverifiable," even an honest dealer hesitates to do anything with such a coin but melt it down to maintain an honest reputation. This iconic piece of Americana deserves better.

There are too many who would cry, "foul" if a dealer sells PCGS non verifiable coin, yet those same people have never objectively looked into the companies they put their faith in.

We need verifiability in coin evaluation...it is past time we return to a system that would do so, but with modern tech to make it even better.

*** Moved by Staff to a more appropriate forum. ***
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Edited by Earle42
02/07/2023 12:23 pm
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 Posted 02/07/2023  09:19 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
The video compares the coin with a genuine example by looks.

I wonder if any metallurgical tests were done...
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Pillar of the Community
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 Posted 02/07/2023  09:21 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Thank you for your reply! I need to go back and edit the video! Somehow I edited out the section explaining dimensions, weight, and gold content (as verified by a Sigma) are correct!


I edited the video and the proper URL is now posted in the original post I made in this thread.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Edited by Earle42
02/07/2023 12:24 pm
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 Posted 02/07/2023  12:38 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
I could not play the video as my cell phone was overrun by the sites ads.

PCGS is a public company and their shareholders expect them to make a profit. My guess it was not cost effective for PCGS to sort out the authenticity of the $20 1891 S. Unfortunately, the TPG's are the best place for the average collector to use for sorting out a coin's authenticity.

I have been buying some $20 gold coins on line and there so many counterfeits on the market that I will only buy these $20 coins in a TPG holder. I am not paying 2K plus without another layer of opinion.

I can sort out many Trade dollar fakes, but if I am buying a TD over $500, the example is going to be in a TPG holder.

My point is the TPG's do add value to the hobby. Your point is well taken that the TPG's are not the catch all when it comes to fakes.
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 Posted 02/08/2023  1:05 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
"Authenticity unverifiable" does not mean that PCGS thinks the coin is fake; it means that they are unable to confirm one way or the other using the processes in place to evaluate, authenticate and grade submissions. It's also used for things like damaged coins and altered dates. In the particular case of counterfeits, it means that the coin cannot be identified as a known genuine coin nor a known counterfeit coin based on die diagnostics -- this can happen when damage or alteration to the coin's surfaces obscures or removes those diagnostic markers, or when they are otherwise not present.

They err on the side of caution and do not label it authentic. This is infinitely preferable to the opposite scenario, where a possible fake coin is labeled as authentic. That scenario causes much more harm to collectors and to the TPG. Would you have preferred they put it into a holder without being confident in its authenticity?
Longhorn Coins & Exonumia
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Edited by paralyse
02/08/2023 1:14 pm
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 Posted 02/08/2023  1:34 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
When these fakes can even duplicate bag marks from the source coin, is overlaying one coin over another really that useful? Sure, it can weed out the obvious fakes, but I'm not sure if an overlay helps with the good ones.
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 Posted 02/09/2023  12:21 am  Show Profile   Bookmark this reply Add burfle23 to your friends list Get a Link to this Reply
I am sorry, but I'm a little lost calling this video approach "scientific".

The image seemed more "sleight of hand" watching than any actual still overlays I have been involved with.

To the major premise that if the evaluation example overlay matches a genuine one it is from genuine dies, well I have a few along with some swampland I would be willing to sell !!!

Not speaking for PCGS I will say I believe that the TPGs are concerned enough with recent deceptive counterfeits to be a little gun-shy at times, and some good coins may get caught up in caution and called unverifiable. It would be interesting to know any of the dimensional checks they may have conducted in their evaluation, which would make theirs much more "scientific" than this in my opinion.



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 Posted 02/09/2023  01:15 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
My guess is PCGS thought it might be a contemporary counterfeit. Why they thought that is the $64,000 question.

It appears genuine to me and, as noted above, was not pronounced a counterfeit but rather not verifiable.
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 Posted 02/09/2023  01:49 am  Show Profile   Bookmark this reply Add Wan to your friends list Get a Link to this Reply
When I saw the position of the "S" mint mark moves but "D" is still in place, which makes me very shocked. This phenomenon seems to solve some of my doubts.
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 Posted 02/09/2023  09:41 am  Show Profile   Bookmark this reply Add burfle23 to your friends list Get a Link to this Reply
The TPGs do not pronounce a coin "counterfeit" unless they are sure it is; I have a few that have been properly identified as such.

Edited by burfle23
02/09/2023 10:08 am
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 Posted 02/09/2023  10:17 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
PCGS is correct in their evaluation of the coin. Please look at the obverse denticles between the 1 and star. The denticles are not fully struck and poorly formed. Could it be a Grease Fill in this area? maybe. More likely the issue is in the counterfeit die. I looked at about forty 1891 S examples and could not find any with Die Deterioration in the denticles.
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 Posted 02/09/2023  10:32 am  Show Profile   Bookmark this reply Add burfle23 to your friends list Get a Link to this Reply


I couldn't see that in the video...
Edited by burfle23
02/09/2023 10:33 am
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 Posted 02/09/2023  10:40 am  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
I don't see how a simple overlay technique can guarantee authenticity. Many of the best counterfeits are from transfer dies that essentially replicate a genuine coin, so an overlay would be expected to match exactly.
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 Posted 02/09/2023  5:19 pm  Show Profile   Bookmark this reply Add burfle23 to your friends list Get a Link to this Reply
Overlays of obverse to know genuine example dead on; mintmark off on reverse. Dimensionals all good. XRF at a PA testing lab showed sterling silver, not correct for the period.

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 Posted 02/27/2023  7:25 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Further video matches this coin to its exact die pair:
https://rumble.com/v29snh0-science-...-eagle..html

How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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 Posted 02/27/2023  7:32 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
paralyze said:

Quote:
Authenticity unverifiable" does not mean that PCGS thinks the coin is fake; it means that they are unable to confirm one way or the other."


Correct in their meaning of "Authenticity Unverifiable," and therefore many people, such as your own wording further down, would then treat this coin as a fake and pass it over. Many would think it worth melting down.

That is exactly what this video is all about.

I am not a trained grader with double eagle expertise and was easily able to verify this coin. In fact I have posted the second part to this video where I match it up with the exact die it came from. And I did not get paid the huge fees PCGS did.



Quote:
. using the processes in place to evaluate, authenticate and grade submissions.


My point concerns this very idea. PCGS was paid a large fee to grade this coin. The "process in place" should be much more competent if a rookie like myself who has no special experience with double eagle can prove for no cost to myself that it is a legitimate coin.

They abandoned computer technology in the 90s to go back to what they called a system subject to human error. This is the system they still use. When they abandoned using a scientific method for coin evaluation, they it was b/c people did not trust computers (which was true then - yet the entire world went to computers anyway.except them). Now that computers are everywhere, they still won't go back to using science and continue holding onto the method they called inferior.

Using science would also kill the very profitable re-slabbing game that is played. Businesses tend to go where the money is...so I admit I wonder if this is not the reason. Facial recognition technology by now is well advanced enough to train an AI. They could even base it on the current system. If they showed an AI what, say 1000 MS63 Morgans looked like according to already graded examples, the AI could "take the average" and come up with always repeatable grades for the same coin as well as detect the slightest imperfections in fakes (still would need weighed, etc).


kbbpll said:

Quote:
When these fakes can even duplicate bag marks from the source coin, is overlaying one coin over another really that useful? Sure, it can weed out the obvious fakes, but I'm not sure if an overlay helps with the good ones.

Which is why I posted the part about Daniel Carr in the video. Counterfeits take no special magic to detect. They take some homework. As the video shows, it does not take much homework.
While you are not certain an overlay will show a fake, that is likely bc you have never done them or done any research into detecting fakes. there are plenty of posts on this forum from the past showing this exact method to be legitimate.


Although I am just the average Joe collector, I have had fun looking into identifying fake coins. I can tell you from experience, there is no magic that has to be used. And the original mint dies are not able to be duplicated.

burfle23 said:

Quote:
To the major premise that if the evaluation example overlay matches a genuine one it is from genuine dies, well I have a few along with some swampland I would be willing to sell !!!

Anyone is entitled to an opinion. But without anything except opinion, there is nothing legitimate to stand on.

I am a former science teacher who stressed to my students that science is based upon observation and not theory. I took some scientific data, the PCGS verified coin pictures (I even mentioned how the PCGS pictures at coinfacts can be verified as legit examples b/c their overlays show they were all from the same MASTER die (used to produce all the working dies for these coins used in that year), thereby legitimizing the die overlay I used scientifically.


Quote:
The image seemed more "sleight of hand" watching than any actual still overlays I have been involved with.


So just how does one camp what is under an overlay unless the overlay is made transparent?

At first you see a static image. Ten the top image starts to become transparent (overlay definition) and finally the part that was overplayed is revealed.

How is this slight of hand? You see both coins, you see the transparency shows none of the elements are out of position in the least (except the mint mark which makes sense since they were hand punched into working dies).

Some hard facts as to your opinions would be appreciated so I could improve, but the facts of the matter is you get varying levels of transparency in this video and can stop it at any time to make it like any static overlay.


Quote:
It would be interesting to know any of the dimensional checks they may have conducted in their evaluation, which would make theirs much more "scientific" than this in my opinion.


It passes all measured dimensions. It passes for weight. It passes what dealers use for verifying metal content with (and obviously the magnet slide test). And I showed every design element is exactly like the master die that these coins were made from.

Fro my years of teaching science classes, all those data points pass for. They are repeatable. They are not based upon opinion (such as your statement). Those are the physical characteristics of this coin. They are the hard scientific facts.

As you said, your opinion is what you are using to rebut this. The grading companies are also subject to he laws of science. There is no special system/manner/etc. they have that the likes of mere mortals cannot comprehend. It is faith and opinion that make people think this and reject what their eyes can show them.


Zurle said:

Quote:
I don't see how a simple overlay technique can guarantee authenticity. Many of the best counterfeits are from transfer dies that essentially replicate a genuine coin, so an overlay would be expected to match exactly.

If you will do a search here on the forum, you will see how this is the method taught to be one of the most accurate. This is also why I included the Daniel Carr overlay. It was on this forum somewhere he said it is impossible to replicate an original die. Please research him if you do not know who he is and what he does. While he spark erosion technique can duplicate even bag marks from an original (also cast dies), researching more about them will show that they also are detectable - which is why burfle23 could post a picture of a coin marked as counterfeit.


How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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