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Replies: 33 / Views: 3,502 |
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Pillar of the Community
 United States
3076 Posts |
I'm not sure on the value side but this is an amazingly good counterfeit...its only by knowing die states can such forgeries be found,, its the details one practices while studying die's and its progression that we learn and recognize when things are not in order... the next VAM will be a genuine coin.....
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Moderator
 United States
23522 Posts |
Honestly, Gene, with this one if it weren't in a known-forged slab I'd have to study it as a possible new die pair. At least in the photographs provided, it's *that* good.
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Pillar of the Community
3660 Posts |
Yeah, and what is nearly convincing is the die crack through the F in OF on the reverse....Looks almost exactly like V-2A and V-6 (same reverse).
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Moderator
 United States
23522 Posts |
I honestly think we need Russ to weigh in on the provenance of this coin.
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Pillar of the Community
 United States
3076 Posts |
most of the time one doesn't have to worry about fake coins, but one must learn about such things as it can cost quite a bit for years such as these.....Why ebay even allows the "COPY" coins for sale I really can't understand, its known you can get them with or without the word copy............,
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Pillar of the Community
3660 Posts |
Finish the question with whatever words you choose to make the question as varied as you like.... The answer is always the same... 
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Pillar of the Community
United States
1150 Posts |
So wait...was I right? That was a fake? I'm new to VAMs but not to Morgans. However I am just now learning all of the ins and outs of the minting processes and what causes what.
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Pillar of the Community
United States
1150 Posts |
OK. So I was right. Not bad for just gettin' into studying Morgan's more closely than I have before. Thanks for the thread, aladinslamp!
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Pillar of the Community
 United States
1551 Posts |
This has the bubbles on it and is the Vam-7 plate coin. I took the photos at about 1 1/2 feet above the coin and cropped them. I did that so the lighting would not give the coin away. Leroy wrote a 2 page report on this one, and a light wizzing and a few weeks in a pocket and this one could easily make it into a genuine holder as an high XF to a Low AU grade. What I have been seeing and few others are this. Semi key dates and ones that an AU coin books at 150.00 + This type of fake is coming in from China, some in slabs and some not. Leroy Van Allen coined the term Class 5 counterfeit in the letter. Warning !! there are Class 6's out there. I recently Reported a Proof-67 NGC to the Secret Service and NGC that was on the Bay. The only dead give-away was on there slab you find a dash (-) and 3 numbers... on this one it only had (2) numbers. The original coin (Real) was sold back in March for something like 77,000.00 and on the Bay it was listed at the ..low low price of 54,000.00 It was a truly stunning Fake! It was picked up by the Secret Service and sent to NGC for confirmation, or so I am to understand. TPG's are being a little quiet about the amount of fake holders out there. So the outcome of this one I am unsure about. Anyway, my point was as they do get better, and they are getting better. Vamming has it's place set. Morgan and Peace are not the only coins being copied... so knowing your coins is becoming even more important. As for what can!! You Do. Call your Senator and Congressmen/women. China is one of the few countries left that has great control of it's people, and Internet. It knows this is going on. Counterfeiting is in there culture as a whole. But we if nothing else must have our Leaders put there feet down when it comes to our currency!
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Pillar of the Community
United States
4846 Posts |
i don't understand how this looks like it could be real, EVERYTHING is bad on this, the outer lettering LIBERTY, the hair curls, in the motto "in god we trust" the w in we looks like a butt. liberty's ear is square and what is up with all that surface damage?!
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Pillar of the Community
 United States
1551 Posts |
Before I sent it to Leroy I tolk it into 4 dealers. In hand it is very good. (3) of the dealers tried to BUY IT. The visual give away on this coin for me was and is the "Lack of PMD" in the fields". My buddy that bought it thought it could be an up grade in the slab. That is the "why" on pocketing it ..If it was nicked up and tarnished I am almost sure NGC would miss it. They misattribute 20% of the Morgans they see. When you look at it it looks funny, for me its what is missing not what is there. How many weakly struck coins do you see with clean fields? Marry X-Mas Gene BTW
Edited by twohawks 12/26/2010 12:21 pm
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Pillar of the Community
 United States
3076 Posts |
AdamE the first coin 1886 is the OBVIOUS fake the second 1889-CC is an extremely good fake...
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Pillar of the Community
 United States
1551 Posts |
The weight is on the high side of normal, Most likely Sterling at 92.5 instead of 90 % The reed count is off by a few. The diameter is within tolerance as is the thickness. It is also a struck coin not a cast.
Someone spent some time to make this, so there are with out question more out there.
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Pillar of the Community
3660 Posts |
Quote: The weight is on the high side of normal, Most likely Sterling at 92.5 instead of 90 % The reed count is off by a few. The diameter is within tolerance as is the thickness. It is also a struck coin not a cast. Well, it might be interesting to know just what are the parameters that disqualify the coin as being genuine..... is it the slab? the reed count? the bubbled topography of the fields? Has it been determined beyond the shadow of a doubt that the reverse is that of the 1884 v-5... or is it just very similar? Is this the only known example?
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Pillar of the Community
 United States
1551 Posts |
The reed count on this one is a count Never used on any known Morgan. So counterfeit is the word
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Replies: 33 / Views: 3,502 |
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