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Two Alterations? Or Are The Real?

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Pillar of the Community
United States
5362 Posts
 Posted 02/21/2009  4:11 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list
A second element of this story is that both of these coins originated in a legitimate auction. The seller in this case, must have purchased the coins from that auction which is why they are now so sure they are real.

The fact of the matter is that even the best auction houses will miss some forgeries. The key is will the auctioneer accept a return if a coin is found to be a fake.

You can fool all of the poeple some of the time, and some of the people all of the time, but you can not fool all of the peeople all of the time.
Locked
822 Posts
 Posted 02/21/2009  4:18 pm  Show Profile   Bookmark this reply Add scubu to your friends list

Quote:
Cap & Rays made in US, europe, or China does not mean that the coin is not genuine, being accepted at that time at par with Mexican minted Cap & Rays.


Well that is about the dumbest thing I've ever heard.
Pillar of the Community
Spain
1361 Posts
 Posted 02/21/2009  7:43 pm  Show Profile   Bookmark this reply Add manila galleon trade to your friends list
The mexican coin was already discussed here. It is the same coin.

http://www.coincommunity.com/forum/...PIC_ID=16919

Pillar of the Community
United States
5318 Posts
 Posted 02/21/2009  8:23 pm  Show Profile   Bookmark this reply Add KurtS to your friends list
Wow...well-spotted too! That sure looks like the same exact coin/alteration/etc.
Pillar of the Community
United States
5362 Posts
 Posted 02/21/2009  8:38 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list
manilagalleontrade You are 100 % correct it is the identical coin only now it has a higher priced brother. I wonder how it made it full circle? Who originally posted it? Perhaps that person would know how it got to the auction.

It appeared here on the Forum and was diagnosed as a forgery on July 11, 2007.

About 4 months later, it was sold in an Auction by the Philippine Numismatic and Aquarian Society on November 25, 2007 - with no warning that it was a fraud. I would really like to know where the coin was in between those two dates and who is responsible for not stopping the fraud.

And now it surfaces and sells on ebay for $305 in Feb., 2009 also with no warning. Too bad ebay policy forbits us from contacting the winning bidder. He is being ripped off big time and he may rip-off the next buyer.

That is a shame that once this coin was identified as a fraud, that it made its way back onto the market with no warning. But I guess that for some people a few dollars is more important than honesty.
Pillar of the Community
Spain
1361 Posts
 Posted 02/21/2009  9:09 pm  Show Profile   Bookmark this reply Add manila galleon trade to your friends list
The PNAS (Philippine Numimatic and Antiquarian Society) is one of the oldest numismatic society (1929). Now they have a problem. There is a power struggle and this is one of the reasons why the club is in disarray. The old leaders don't want to give the presidency to the new elected leaders. So there are 2 groups now and the case is in court. One group is more concerned of the collectors while the other is more concern on money making. The real profesionals in the club are in a wait and see attitude on what will happen to the club.
Pillar of the Community
Spain
1361 Posts
 Posted 02/21/2009  9:19 pm  Show Profile   Bookmark this reply Add manila galleon trade to your friends list
I'm not into mexican reales but the 1906s is one of the most fake/altered coin. In the Philippine there was this guy known for altering 1903s to 1906s. And he does it perfectly so most probably he can alter any coin. Normally altered coins are dark toned to cover the burn marks of the coin, some are dipped into silver to cover it.
Pillar of the Community
United States
5362 Posts
 Posted 02/21/2009  9:23 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list
Perhaps the source of the altered date is the Philippines. The craftsmanship in this case is apparently very good - that matches the description of the 1903 alterations as well.
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Australia
16868 Posts
 Posted 02/22/2009  07:28 am  Show Profile   Bookmark this reply Add Sap to your friends list
Back to the OP:

Quote:
Does anyone accept this as a legitimate definition of "Genuine"?

No. "Genuine" means to actually be what they purport to be. The only "genuine" 1880 Mexican dollars were the ones made in Mexico in 1880.

Coins made to the correct weight and fineness at a later date in some kind of official mint, foreign or local, are "restrikes" (the Maria Theresa thalers are an excellent example of this). Where the differences between restrike and genuine are well known, you can have "genuine restrikes" and they can be collected as such, but these should not be called "genuine coins", or confused with them.

Unofficially produced coins, or coins produced "officially" but to deliberately wrong specifications, I would class as "counterfeits".

Altered dates might have been "genuine", but once they've been altered, they can't be called "genuine" anymore.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Pillar of the Community
Spain
1361 Posts
 Posted 02/22/2009  08:20 am  Show Profile   Bookmark this reply Add manila galleon trade to your friends list

Quote:
coins produced "officially" but to deliberately wrong specifications, I would class as "counterfeits".


If it is officially produced wouldn't you call it an error rather than a counterfeit?
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Australia
16868 Posts
 Posted 02/22/2009  10:07 am  Show Profile   Bookmark this reply Add Sap to your friends list
If the wrong specifications are a deliberate choice of the mint (or someone at the mint), with intent to deceive, then no, it's a counterfeit, not an error. I realise that "intent" might be hard to judge, a hundred years or more after the fact, but a reasonable guess can often be made.

I'm thinking particularly of fake coins produced by one country for use in another (such as the fake Russian coppers produced by Sweden in the 1700's) or fake coins produced "on the sly" with official dies by opportunistic mint-workers.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Pillar of the Community
Spain
1361 Posts
 Posted 02/22/2009  2:02 pm  Show Profile   Bookmark this reply Add manila galleon trade to your friends list

Quote:
I realise that "intent" might be hard to judge, a hundred years or more after the fact, but a reasonable guess can often be made.


, What comes into my mind is the Lincoln cents muled with the reverse of a dime. A mint worker has done it intentionally and it is obvious from the kind of "error", and I think there is quiet a number of errors out there that are intentionally done by mint workers to make extra money. But like what you said it is hard to judge if it was intentional.
Pillar of the Community
United States
5362 Posts
 Posted 02/22/2009  2:46 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list
I agree with SAP. To be Genuine a coin must be what it purports to be in each and every respect. That may be idealistic but it works for me.

I have been trying to list the categories of "non-genuine" coins for some time. There are several factors that go into the list and number of variables can get confusing. It also seems every time I complete a list an exception arises.

Here are a couple of those thorny issues.

The Maria Theresa restrikes were also made in Unauthorized Mints by official government entities (e.g. Birmingham, England after 1935) - Are they counterfeit? Regular Restrikes? or in a class of their own.

If an off metal planchet is smuggled into a mint struck using real dies and tehn released along with original coins - what is it?

If the same off metal planchet were used with the knowledge of the government but not the public does it make a difference?

Pillar of the Community
Spain
1361 Posts
 Posted 02/22/2009  7:14 pm  Show Profile   Bookmark this reply Add manila galleon trade to your friends list
I think anything unauthorized (unofficial) and done in a way to copy the original and to make it pass as original with bad intent is counterfeit. Even how good the workmanship is.
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Australia
16868 Posts
 Posted 02/22/2009  9:04 pm  Show Profile   Bookmark this reply Add Sap to your friends list

Quote:
The Maria Theresa restrikes were also made in Unauthorized Mints by official government entities (e.g. Birmingham, England after 1935) - Are they counterfeit? Regular Restrikes? or in a class of their own.

I'd call them "restrikes", along with the "official restrikes" from other mints. These coins might have all the hallmarks of a "counterfeit", except for one key characteristic: intent to deceive. They were made in full public knowledge; they weren't secret or covert. The other "genuine restrikes" aren't particularly valuable, so they weren't made to fool collectors. And the locals in East Africa didn't care about "genuineness", so long as the design and silver content were the same (which they were), so they weren't trying to fool the locals either.

In fact, the only people "fooled" by these are newbie collectors who are amazed that you can buy coins from 1780 in such good condition, so cheaply.

Quote:
If an off metal planchet is smuggled into a mint struck using real dies and tehn released along with original coins - what is it?

I'd have to call it an error - unless you've got evidence of malicious intent (like, say, a rather large number of these occurring).

Quote:
If the same off metal planchet were used with the knowledge of the government but not the public does it make a difference?

Yes - those would be a perfectly genuine variety, assuming such knowledge does in fact eventually become public. If not, there will always be a cloud over them - such as with the ancient Roman plated coins known as "fourees". They're still debating over whether or not at least some of those were deliberately and officially made that way, as a secret government cost-cutting measure.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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