| Author |
Replies: 13 / Views: 294 |
|
|
Press Manager
 United States
1420 Posts |
NGC - A semiquincentennial promotion from the US Mint has created excitement among coin collectors but has also drawn interest from counterfeiters.Counterfeiting has a reputation for being a painstakingly slow process that targets vintage coins that have spent years earning a reputation for value. However, when a modern rarity bursts onto the numismatic scene, enterprising counterfeiters can still act quickly to try to cash in. Check out July 4th Privy Quarters on ebay
Genuine 1776-2026 Declaration of Independence Quarter with July 4th PrivyFor the nation's semiquincentennial (which commemorates the 250th anniversary of the signing of the Declaration of Independence), the US Mint has struck hundreds of millions of 2026 Quarters with five designs honoring American history. Adding to the excitement for collectors, the Mint announced that 250,000 of these quarters (specifically, ones with the Declaration of Independence design) were minted with a special July 4th privy mark. These were then "randomly mixed in with other 2026 Declaration of Independence Quarters" and "made available to banks and financial institutions nationwide in time for the Fourth of July," according to a US Mint press release. Counterfeit 1776-2026 Declaration of Independence Quarter with July 4th PrivyExamples of quarters with this privy mark have recently sold for hundreds of dollars at auction, creating an incentive for counterfeiters. Recently, the NGC grading team had the opportunity to examine a fake coin that turned up in an NGC submission. Right off the bat, the coin raises a red flag: it weighs 5.86 grams instead of the expected 5.67 grams. Additionally, the design has several flaws, including a simple dash separating 1776 and 2026 on the obverse instead of the expected tilde. Close-ups of genuine (left) and counterfeitThomas Jefferson's jacket is missing folds between the buttons, and the characters in the JULY 4th privy mark are crowded together. Check out July 4th Privy Quarters on ebay
Close-ups of genuine (left) and counterfeitMeanwhile, the counterfeit is missing the end of Jefferson's ponytail (formally called a queue). A close examination of the cheek reveals horizontal lines that were left behind during the laser-engraving process used to produce the counterfeit dies with a Computer Numerical Control (CNC) machine. Close-ups of genuine (top) and counterfeitOn the reverse side, the BS initials (representing sculptor Benjamin Sowards) are much too large. Nearby, the design of the Liberty Bell has multiple issues, including missing its inside rim and texture. The laser-engraving process also affected the left edges of some of the letters, including the NI in UNITED. Check out July 4th Privy Quarters on ebay Check out Books on US Coins on AmazonRead More: Counterfeit Detection Series
|
|
|
|
Moderator
 United States
105948 Posts |
wow, lots of differences to spot!
|
|
Pillar of the Community
United States
1814 Posts |
Quote: wow, lots of differences to spot! Looks like they confused the Lone Ranger with Thomas Jefferson!
|
|
Pillar of the Community
United States
7295 Posts |
I wonder where the coin goes once NGC (or other TPGers) determines it's a fake? Do they forward it along with the submitters name to the Secret Service? Kind of in line with the reasoning IMO the US doesn't mint a 2 dollar coin, all the troubles Canada has with fakes in commerce.
|
|
Moderator
 United States
195053 Posts |
Very interesting. And annoying. 
|
|
Valued Member
United States
184 Posts |
Thanks for the heads up. It didn't take them long.
"I like money. I can't believe you like money, too. We should hang out." Frito
Member CONECA, Early American Coppers, NETCC
|
|
Bedrock of the Community
 United States
27330 Posts |
Inordinately fascinated by bits of metal with strange markings and figures
|
|
Bedrock of the Community
United States
78563 Posts |
Nice thread. We definitely needed this to be shown and discussed. Thank you for posting. 
Errers and Varietys.
|
|
Moderator
 United States
15880 Posts |
Great discussion on an important current topic.
I wonder how many novice collectors will be fooled into purchasing one of these fakes? Wish they can all come here to gain some knowledge.
Take a look at my other hobby ... http://www.jk-dk.art
|
|
New Member
United States
21 Posts |
Makes you wonder how many are being sold vs how many are just being used for circulation.
|
|
Pillar of the Community
United States
2683 Posts |
...so, are the proper authorities going to scour ebay to track down the counterfeit sellers?
|
|
Pillar of the Community
 United States
1326 Posts |
 "Great discussion on an important current topic." I totally agree with nickelsearcher. I don't know what can be done, but there needs to be more monitoring by ebay, Mercari and especially Etsy. AI isn't helping the situation either.
|
|
Bedrock of the Community
 United States
27330 Posts |
Quote:there needs to be more monitoring by ebay, Mercari and especially Etsy. Generally, the listing has a picture of a genuine coin, but that is not what the buyer receives.
Inordinately fascinated by bits of metal with strange markings and figures
|
|
Pillar of the Community
United States
7295 Posts |
Quote: Generally, the listing has a picture of a genuine coin, but that is not what the buyer receives. OK that makes sense, after your first post I went to ebay and searched 3 pages of the coins for sale and didn't spot a single fake.
|
| |
Replies: 13 / Views: 294 |
|