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Replies: 27 / Views: 3,884 |
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Valued Member
United States
414 Posts |
Quote: can you please tell me how quickly you pinned it down by photo alone and no edge photos? Not sure if this the most conclusive method, but to me, the massive blob in the dentils on the reverse (castle side) at 3 O'clock was enough to write off this coin immediately. This was the first thing that just jumped out to me. The second thing was the detail in the globes. I've seen enough of these to know that the details within are "veiny" in appearance. This looks like a bunch dots punched in. For a coin masquerading as an XF-AU piece, the detail here is waaaaayyy too mushy.
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Pillar of the Community
 United States
1915 Posts |
Could not that particular detail (the blob) be excused as a defect in the die? I mean in this case, a novice may not realize this was not struck with dies. So if the novice doesn't know any better, such a blob could be excused for a defect in the die? I also wondered why porosity or that mottled texture in the fields has not been mentioned? Is that because if such a coin like this was officially produced, but subjected to seawater, even a struck coin may end up looking similar?
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Pillar of the Community
United States
5362 Posts |
The Cud is actually a chip in the mold or in the die that made this coin. The chip extends only to the rim of the coin not to the edge as it should. The coins struck in open sided presses DO NOT HAVE DISTINCT RAISED OR LOWERED RIMS EXTENDING BEYOND THE DIE FACE. That "rim" is the problem there is no way to create one on a screw press since the planchet is smaller than the die face and the planchet is struck to the absolute edge of the planchet. Here is a sketch of how a strike in a screw press happens.  There are two dies called the hammer and anvil. The lower die is the anvil and it is solidly mounted in the press. It is the stationary die. The upper die is the hammer and it travels up and down. It is mounted on the end of a threaded rod that is rotated by a pair of men who spin a pair of counterweights on a long transverse arm. Orientation of the upper die to the lower is maintained by a vertical track (the die does not turn). The force needed to strike an 8R required weights that weighing hundreds of pounds mounted at the ends of a long (ten foot +/-) cast iron beam. Each die has "dentils" engraved into the die face around the perimeter of the die face. These stop just short of the edge of the die. I colored the dentil area red on each die. Planchets are circular and flat and are SMALLER in diameter than the die face. (Colored gray). In most cases after 1755 the edge design was added to the planchet BEFORE the coin was struck. The finished diameter of the coin is large enough to include fractional dentils around the entire circumference but not large enough to show the complete dentils for 360 degrees. (There are a very few exceptions.) These were anti-counterfeiting measures so that the edges could not be filed to steal silver. The hammer die traveled up and down continuously to avoid the loss of momentum. Speed was considered essential and the operators were paid by how many coins were produced. The planchet was placed by hand on the surface of the anvil die by a person sitting in front of the press. His job was to remove struck coins after the strike and place a new planchet on the die before the hammer returned. There was no centering feature on these presses so the position was somewhat random. So on a screw press strike, the dentils should run off the edge of the coin stopping exactly at the arc forming the edge. Instead of that the edge of this coin has a raised rim that cuts off the dentils. This is impossible. Notice that the Cud occurs INSIDE the raised rim.
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Valued Member
Spain
125 Posts |
Quote:There is another one on ebay right now. (Already bid to $300). Maybe this is my chance to finally add one of these to my collection. There is another way to think about it. If you see a Rolex watch, which you know that cost about $5000 on ebay selling for $200, you won't think it is authentic, it is a fake for sure. The most common pillar dollar form Santiango mint on bad condition is over $5.000-$10.000. What make you think you can find an authentic one for $300? It is really simple to avoid a lot of fakes just by aplying common sense There are three authentic ones on an auction next month on Cayón Subastas: https://live.cayon.com/lots/view/1-...64-j-rarsima - 12.500€ https://live.cayon.com/lots/view/1-...65-j-rarsima - 9.000€ https://live.cayon.com/lots/view/1-...lar-muy-rara - 18.500€ Regards
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Pillar of the Community
 United States
1915 Posts |
Not only that but I understand there are no genuine pieces of this type coin with a 1752 date.
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Valued Member
Spain
125 Posts |
Under Fernando VI, in Santiago only pieces of 1751, 1753, 1755 and 1758 are shown in mint's documentation. Of them, only 55 and 58 had appeared recently on auction houses, and their prices are about 30.000€. So no of ebay sellers has any real chance to offer an authentic one for $300, or even $3000 :(
Edited by txabs 01/26/2019 6:18 pm
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Valued Member
Spain
125 Posts |
The Carlos III ones are a bit more common, but still over 10.000€ even in bad condition
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Pillar of the Community
 United States
1915 Posts |
However, an impulsive buyer and likely ignorant of the facts, could bid or buy one. In my case, I collect and document fakes bought on ebay, Vcoins and elsewhere. So my purchase was deliberate to add Chile to the other countries in the books.
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Pillar of the Community
United States
1156 Posts |
Quote: So my purchase was deliberate to add Chile to the other countries in the books. And are you going get a genuine one for the second part of your book? 
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Pillar of the Community
United States
5362 Posts |
The frauds on ebay operate successfully because of greed. This kind of fraud operates on all levels fueled by people who think they can get something for nothing or at rip-off prices. In Vietnam GI's were scammed thinking they were buying dollar sized silver coins for $1. They did not stop to think - they bit when offered a silver coin at a bargain price. The same scam happens today and the targets are tourists. What I do not want readers to miss in this thread is that a fake can usually be identified without the authenticator being an expert in any particular type of coin as long as he/she has learned how coins in general were actually made throughout history. The coin may have been a Santiago type (which I have never seen in person) but the same errors seen here would have disclosed any screw press coin as a fake. Country does not matter all you need to know is how originals were made to spot crap like this. It is much more important to look for the clues to manufacture because not all fakes are of rare or non-existent dates. Many are made far better than this one here. When a common date inexpensive Mexican 8R is presented - the same clues apply. Just today I finished a review of a small collection of 11 coins. All 11 were fakes - one actually had the word "COPY" on it but far too small to comply with the law. There were 9 different countries in the group and dates raged from the 1st century to the 1930s. Some were supposed to be silver others copper. None even if genuine was worth over $100. It took about 2 minutes to determine all 11 were either Forgeries or counterfeits. I didn't weigh them before I knew and in 2 cases I didn't even know what the country of origin was. So how could I be sure? It was easy! They were all made incorrectly.
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Pillar of the Community
Germany
1852 Posts |
txabs, maybe I should have added a 'smiley' to my comment. Sorry about that.
The Jara/Luedeking book - Las Primeras Acunaciones de la casa de Moneda de Santiago de Chile 1749-1772, (as well as the Gilboy book) have an excellent discussion and review of all known examples. An 8 Reales for Santiago dated 1752 is not known.
Edited by GERMANICVS 01/27/2019 02:42 am
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Valued Member
Spain
125 Posts |
Sure @GERMANICVS, I can see now you at least you have tried to find some documentation, I also use the Jara book :). It's a shame that this is not the usual procedure. The normal way is a newbie collector, who has no books in his place, and don't even know the difference between a screw press and a roller die, who find in ebay a coin which cost about $30.000 selling for $200, and buy it, thinking he is the most smart collector in the world because he just save $29.800 and now he owns a extremely rare coin which no one else has. To finish this topic, I would like to show you a free 8 reales pillars catalogue, made by a well known spanish collector (because he is so active in forums and social network, ans Spanish market is not as big as american one), named Lanzarote. It's in Spanish, but with Google Translator I guess no one will have any problem to use it. https://siemprenosquedaralan.wixsit...-columnariosIt has also an edges section https://siemprenosquedarae.wixsite....nario/cantosRegards
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Pillar of the Community
United States
1962 Posts |
txabs, GERMANICVS is still being a bit... "coy", the word would be in English. He is an advanced collector of Chile/Santiago mint pieces. The 1752 discussed makes a nice desk ornament/paperweight. I'll have a minor-to-moderate heartattack is a genuine Santiago pillar appears out of the wild on ebay. I did, however, snag a super-worn 1760 Bogota pillar 1R a few years back... and a fairly established seller did list an XF (!!) previously unknown example of that same type... so one never knows, I guess.
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Pillar of the Community
United States
686 Posts |
Dumb questions. If this was cast was it not cast from a "master cast coin?" If the 1752 Santiago does not exist, where did the master cast coin come from?
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Pillar of the Community
United States
5362 Posts |
A master impression to make centrifugal castings can be created by carving from scratch by a competent engraver or by using a pantographic lathe or by making a transfer impression from a genuine coin. The master is then revised as need to create a fantasy date and mint combination - the elements that need to be changed can be changed on the positive itself. Replacing a mint mark or a date at this stage is very easy.
The master impression does not need to be as strong as a hub or die - it needs to be just hard enough to transfer an impression to any one of a number of plastics to make multiple sub-masters. These can be sold or passed around between forgers - used and re-usued. One well made master can produce millions of copies.
You should review information on the internet about how the process works. I started by studying how metal beads and ornaments used in my wife's hobby of beading were made. Free classes in rubber mold centrifugal vacuum casting were available as were demonstrations at a local jewelry shop.
A coin is actually not as hard to cast as some of the intricate castings used in high end jewelry. The low relief is perfect to allow flow into all parts of the mold.
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Replies: 27 / Views: 3,884 |
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