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Gold Plated Platinum Coins

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Pillar of the Community

Australia
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 Posted 04/18/2015  2:12 pm Show Profile   Bookmark this topic Add gxseries to your friends list Get a Link to this Message Number of Subscribers
I've looked at the history of platinum usage for research a few years ago and came across very interesting articles. While I can go and start writing about how scarce it is to where it's currently being mined - I'll leave that to google.

The only officially struck platinum coins that did circulate was from 1828 - 1845 in Russia. What I am more interested is when exactly did gold plated platinum coins started to circulate and when it ended. From my understanding, during the Spanish conquest of South America, platinum was usually found with gold and it was an undesirable metal. It was difficult to melt down with the technology back then. Therefore platinum was cheaper than gold.

Counterfeiters like in any other era will find the best way to make profit. As platinum is denser than gold and much cheaper than gold, it is not too difficult to match the weigh unlike using cheap base metals. By gold plating platinum coins, the weight could be around the same or slightly heavier.

Now comes the questions which I struggled to find.

1) What is the earliest event of gold plating platinum and when did it end? Can we put an year of when is the first known gold platinum coin and last dated gold plated platinum coin? (obviously not the modern gold-platinum plated State Quarter coins...)

2) Were gold plating platinum coins manufactured by counterfeiters only or some were officially struck by mints? Reason why I asked is the details of some coins just look too good to be counterfeit.

3) What countries were involved in this? As far as I know, Spain, France and England had such coins. Are there more to this list? I think I remember seeing a Russian gold coin that is plated platinum however this is a unique example.

4) When the plating eventually wear off, did such coins continue to circulate or were they immediately removed and culled as counterfeit? Or did they continued to circulate until platinum prices rose and that caused their downfall?

There is a book that I wanted to get hold of, which is a book that describes the technology St. Petersburg used to strike the first Ural platinum coins and how they managed to get around various challenges. There could be more books that I am unaware of.

Finally, to end this, this is an example that I obtained a while ago. Just never got around to catalog what I have.

Gold-Plated-Platinum-Coins

As you can see, there are signs of wearing and some silvery parts show up. I know some would ask if this was actually plated silver but this coin is actually slightly heavier than a genuine example. There are also scratch marks and I'm certain this was done back in the days to find out if this was real gold or gold plated platinum. I personally find it quite neat considering how many questions this coin made me think.

If you have any gold plated platinum coins, please feel free to post!
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
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United States
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 Posted 04/18/2015  5:15 pm  Show Profile   Bookmark this reply Add Precious Mental to your friends list Get a Link to this Reply
I have never heard of this topic being addressed before, I certainly will check into it.
PM prices of late have been odd, gold is higher than platinum lately.
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publius's Avatar
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807 Posts
 Posted 04/18/2015  8:38 pm  Show Profile   Bookmark this reply Add publius to your friends list Get a Link to this Reply
As I posted recently, the 19th-century Royal Mint Reports address this topic. The discovery of an imitation sovereign which had been overstruck on an imitation Isabella II escudo-denominated gold piece was taken to demonstrate that these were manufactured by the same people.

Generally speaking these counterfeits were detected by thin spots on the plating, whether caused by wear or some other mechanism. Whenever detected they were culled immediately. From the platinum which routinely showed up in the assay of gold from foreign coins melted at various mints, it appears that often they went entirely undetected.

There is no reason to believe that any authorized mint issued such pieces. It is possible, although I see no reason to think it likely, that some national mint or other clandestinely issued platinum counterfeits of another country's coinage. Certainly not The Royal Mint or any of its branches, or the Indian Mints.

I've actually been working, for quite a while, on a piece on this topic for the NI Bulletin.
Edited by publius
04/18/2015 8:44 pm
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swamperbob's Avatar
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 Posted 04/19/2015  12:34 am  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
gxseries You also need to address what you mean by gold plating. You need to differentiate electro-plating, the various chemical means of gold plating and gilding.

Electro-plating is a distinctly mid-nineteenth century technology which simply was not used before about 1840. Gilding and some chemical methods on the other hand have been used for centuries.

The Isabella II coin you posted has the appearance of electroplating which is expected for coins dated after 1840. I have seen numerous Spanish American issues where Platinum was substituted for gold and for silver. There are even Bust half dollar coins struck in platinum. Gilded silver has been around a very long while.

Platinum was a waste metal until about the time steam driven machinery came into vogue after 1830. Then it could be worked. Prior to that it was a waste metal and counterfeiters used it where possible. It was more suitable than other cheap metals. Most platinum was secured by placer mining operations not from smelting ores. Being denser than gold, placer miners in areas where native platinum was found (Columbia was a big source) produced a lot of platinum for which there was no market (other than counterfeiters).

Platinum counterfeits of Mexican coins are rather scarce compared to those of south america especially Colombia.

Regarding the second comment that some coins look too good to be counterfeit and therefore a mint operation is suspected - I simply do not agree. There were some excellent counterfeits produced especially after 1830 and there is absolutely no need to assume only the mints were capable of making great looking counterfeits. A quick look at Riddell's book published in 1845 lists several excellent counterfeits.

Platinum once discovered would not circulate since it was closer to the value of copper than gold. They were most likely thrown away.

Regarding where platinum counterfeits occurred - the answer is virtually everywhere but the rarity levels vary wildly. Platinum counterfeits were only common in a very limited number of areas which coincide with placer deposits of the metal.
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sel_69l's Avatar
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 Posted 04/19/2015  12:58 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I can remember in the Australian Coin review, that the Russians gold plated some 25 rouble platinum blanks, before they were struck.
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 Posted 04/19/2015  02:37 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
My reference is "A History of Platinum and it's Allied Metals" by McDonald and Hunt (1982). An excellent book for anyone interested in the early days of the discovery and use of the platinum-group metals, though much of it might be boring to non-science-geeks as it does go into the chemistry in some detail. There's a couple of chapters on the Russian experience, including details of the coinage issued.

The device the Russians used to make their platinum blanks was similar to a regular coinage press and, as far as I am aware, is pretty much the same way that they make platinum coin blanks today. Powdered (sponge) platinum would be poured into a "mould" and placed in the press; the pressure from the dies coming together would fuse the granules into a single solid piece. This rough disc would have to be heated to white heat and forged a couple of times before all the air was removed and the metal made malleable enough to be used as a coin blank.

To answer or comment on the questions:

1. The earliest reference to this mysterious, silvery metal being called "platina" (Spanish for "little silver") is from a royal decree dated 1707, which forbade the practice of adulterating gold with it. As with the modern-day curse of tungsten, it was fake bullion ingots that were much more troublesome than fake coins, which are always harder to make.

2. How much (if any) of this gold dilution was happening at the "official" mint we can never really be certain. There may have been times when some unscrupulous mint official pilfered some gold and substituted it for platinum. But remember, the platinum being used is typically in granular form; they didn't have the technology to cast a nice round coin-sized blank to make a fake coin out of, and cold-forging a blank shape would probably be far too technical and time-consuming to be worthwhile.

3. Spain was the only known source for pre-1800 platinum in Europe. Any that found its way into the Spanish mint facilities was officially collected and formally disposed of (they tossed it back into the river). But British smugglers would bring it to Jamaica, where local counterfeiters turned it into fake bullion which no doubt included coins of any countries with trade interests in the Caribbean region. I do not know if many platinum counterfeit British coins were ever actually detected; it was more of a scaremongering exercise about a hypothetical future problem than an actual problem (again, I see some similarities with the modern tungsten bullion "crisis").

4. I suspect that as soon as large patches of non-gold were visible, the coin would be likely to be refused by either banks or merchants. All of which would be irrelevant to the counterfeiters, of course; for a counterfeiter to succeed, they only have to fool one person, once; what happens to the coin after that they neither knew nor cared. I highly doubt that anyone on seeing a gold-plated fake coin with silvery metal showing underneath would stop and think "hang on, this one might be made of platinum". Unless for some reason you weighed it after you already knew it was fake, you'd never know.
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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sel_69l's Avatar
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 Posted 04/19/2015  03:05 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Thanks Sap, for some very interesting reference and comments.

I have learnt quite a bit from gxseries, swamperbob and yourself from this thread.
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 Posted 04/19/2015  9:33 pm  Show Profile   Bookmark this reply Add colonialjohn to your friends list Get a Link to this Reply
My new book (Forgotten Coins - 2017) addresses some of these pieces. My limited experience has been with Isabel II issues and earlier issues and as Gurney mentioned the Columbia Mint. South America and Russia were the two principal platinum centers.

See the Schaumburg Collection by Stacks/Bowers of the Mike Ringo Collection of Spanish/Amercan Counterfeits. 2008 I believe. See a recent paper I did for a private get-together.

I never seen/heard of an XRF confirmed gold gilded platinum issue for France and England. Gold like silver has been found with mercury amalgam issues but is more rare in numismatic items.

It could also be my pocketbook. I own about 10 gold counterfeits.

I will try to locate that SAP reference.

I was going to say I can offer you free XRF services but Australia is $50 round trip for a registered package. Too costly FOR YOU.

John Lorenzo
Numismatist
United States

Sorry no pictures ...

Metallurgical Overview of Twelve Contemporary Counterfeits
Introduction

Most descriptions of current coins in terms of their alloy compositions particularly for contemporary counterfeits of any period sometimes fall short of a proper alloy classification. Due to lack of records, the sophistication particularly of the Modern Chinese counterfeits entering the market today and for most collectors the lack of availability of any type of advanced scientific material analysis devices the descriptions and interpretations are normally wrong or fall short of their full true character whether the contemporary counterfeit is being exchanged privately or is up for auction at a major auction house. Some examples recently have been in the Kleeberg Counterfeit Two Reales Spanish American Mint series with certain pieces which were classified originally as brass (Cu/Zn) which were actually bronze (Cu/Sn) and items which were termed as silvered which were actually mercuric silver amalgam washes over a underlying debased alloy composition such as copper, brass or bronze. Twelve examples were chosen including a modern Chinese counterfeit to be XRF analyzed and were presented at this gathering. The twelve examples below will be described by their description, their full XRF analyses and with any overall comments on the piece from other similar examples analyzed from this author's or other information retrieved from other outside sources from previous investigators or researchers.
XRF Analyses
X-ray fluorescence (XRF) is the emission of characteristic "secondary" X-Rays (or fluorescent) from a material that has been excited by bombarding with high-energy X-rays. The instrument used was a Spectro Midex which is able to perform spot analyses of several millimeters on any surface spot. For this study obverse and reverse surfaces were shot and pre-alcohol wiped and compared and if any significant differences existed. Differences such as a difference of 0.25% for a minor constituent that was less than 1% or if not detected on the obverse and found on the reverse analysis further X-Ray fluorescence spot analyses was performed on the specimen. The analysis reported here is the representative analysis of the surface. Iron is a common contaminant and if found in trace quantities at levels of 1% or below it was not considered a situation to repeat the analysis. For contemporary counterfeits of bi-layer nature such as a silver wash over debased alloy normally if there was a break in the wash area both these areas were analyzed and were reported. It must be mentioned here since wash may or may not be visible to the naked eye these readings must be considered just as a qualitative observation since accurate levels of the under layer alloy are not possible, since there could be for example silver wash trace particles mixed in the copper alloy. So when we have a reading of 90% silver for the wash and then a silver reading of 25% silver and 70% copper with other elements for the under layer to the "naked eye" we can make a statement this contemporary counterfeit is a silver wash over a copper debased alloy contemporary counterfeit (i.e., bi-layer alloy counterfeit). It's almost universal to see the wash or in case of a plated alloy "within the results" of the under layer XRF spot analyses from observations of 1,000 or so bi-layer counterfeits. There is no way to accurately separate these results other than cutting the coin and doing a central core reading and a surface reading. This of course is prohibitive in this study and actually not required as the numismatist only wishes to class a contemporary counterfeit to a particular class or general description and accurate quantitative numbers of its alloy make-up at the surface and the under layer is not necessary.
It should be mentioned for the Chinese counterfeit the investigator has analyzed over three dozen Chinese counterfeits primarily of a single manufacturer Jinghuahsei Coins (http://www.jinghuashei.com/) which are considered in my opinion the best made Chinese counterfeits on the market being made in Iron/Nickel, German Silver (Cu/Zn/Ni) or in brass (Cu/Zn) with a small percentage of silver alloy in the mix to give it more of a real silver look appearance.

Metallurgical Overview of Twelve Contemporary Counterfeits

Coins for Analysis

Specimen #1

Description: 1744 Rubel Czarina Elizabeth. Contemporary Counterfeit. German Silver Composition. Elizabeth, 1709- - "62, Czarina of Russia (1741- - "62), daughter of Peter I and Catherine I. 39.8 mm. 23.6 grams. She gained the throne by overthrowing the young czar, Ivan VI, and the regency of his mother, Anna Leopoldovna. Her coup was made possible by her popularity with the imperial guards, who hated the German favorites of Anna Leopoldovna. Elizabeth herself, armed, led the bloodless revolution. Guided in her foreign policy by her chancellor, A. P. Bestuzhev-Ryumin, Elizabeth sought to rid Russia of German influence. She victoriously sided against Frederick II of Prussia in the Seven Years War, but her death and the accession of her nephew, Peter III, took Russia out of the war and made Frederick's ultimate victory possible. During her reign the nobles acquired more power over their serfs and gained a dominant position in local government, while the terms of service they owed the state were shortened. The Moscow Univ. (now Moscow State Univ.) and the Academy of Fine Arts in St. Petersburg were founded during her reign.
XRF Surface Analysis: Copper (64.78%), Zinc (28.6%), Nickel (5.1%), Iron (0.35%0. Silver (0.39%), Arsenic (0.04%), Tin (0.35%), Gallium (0.03%), Iridium (0.027%), Yttrium (0.003%), Indium (0.02%).
Comments: Probable much later counterfeit being of a german silver composition. Probably 20th century or later. Sharp edges with rim not showing much wear. Possible Chinese counterfeit but inscribed as the regal issue as Chinese counterfeits are not normally edge inscribed but simply plain or milled. Modern Chinese counterfeits normally come in three alloys: Fe/Ni, german silver (Cu/Zn/Ni) and brass (Cu/Zn) with trace silver being added to the alloy.

Specimen #2

Description: 1690 France Ecu Contemporary Counterfeit. Louis XIV. 10 Sol. 1690L. 38.23 mm. 21.9 grams. Chinese Counterfeit. Modern. One of the typically seen modern counterfeits with this alloy being brass with silver being added in a low percentage to help the coin look like a real silver piece. Interesting mix of metals.
In the 17th and 18th centuries, the name écu was applied exclusively to a large silver coin (introduced by Louis XIII in 1640) initially worth three livres tournois. From 1690 to 1725 rates were unstable and new écus were issued, and existing écus revalued.
XRF Surface Analysis: Copper (66.93%), Zinc (30.92%), Silver (1.8%), Iridium (0.04%), Arsenic (0.03%), Nickel (0.02%), Gallium (0.02%), Germanium (0.02%), Yttrium (0.02%).
Comments: One of the more commonly seen Chinese counterfeits on the market with that bell tone or lower pitch coin ring than silver. Non-magnetic properties unlike Fe/Ni if the iron content is normally greater than 40% in composition. As with the other seen alloy german silver the pieces look too new yet appear worn in spots. The sharp rims and new appearance of these rims usually are other tell-tale signs. On any suspect coin check with a magnet, look at the edge - - " is it properly aged and of course check its coin ring and memorize the high pitch of silver to these other alloys. These are very well made counterfeits as the picture illustrates for this specimen.

Specimen #3

Description: POLAND. Lithuania. Taler, 1585-NB. Stephen Bathory (1576-86). Dav-8457a; Kopicki-10505. 38.86 mm. 26.1 grams. Contemporary Counterfeit. Probable 16th Century Contemporary Counterfeit or later. Mercury/Silver amalgam over a copper alloy.
XRF Surface Analysis: Copper (50.7%), Silver (30.9%), Antimony (5.24%), Lead (5.2%), Nickel (3.9%), Mercury (2.4%), Molybdenum (0.46%), Tungsten (0.31%), Osmium (0.24%), Yttrium (0.19%), Tin (0.16%), Platinum (0.11%), Bismuth (0.06%), Germanium (0.05%), Zinc (0.04%), Indium (0.01%).
Comments: Very aged rim and of a mercury silver amalgam. Vlachou (1) has shown that most mercury amalgams whether silver or gold prefer being spread over a quaternary alloy of copper, silver, tin and lead during his roman coin study in terms of how well mercuric amalgams form and sustain on different types of alloys from binary to quaternary type compositions. This writer confirms this study as in this piece we see a silver mercuric amalgam over copper, silver, antimony (rather than tin) and lead.

Specimen #4

Description: 1798 Charles IV One Reale Contemporary Counterfeit. 20.02 mm. 50.9 grains. Silver wash over a copper alloy with low zinc (4.9%) and not technically a brass composition.
XRF Surface Analysis: Copper (50.46%), Silver (43.56%), Zinc (4.9%), Lead (0.3%), Arsenic (0.18%), Gold (0.13%), Bismuth (0.08%), Tungsten (0.05%), Yttrium (0.02%), Palladium (0.02%), Gallium (0.01%), Germanium (0.01%).
Comments: Confirmed with several surface spot XRF analyses as not to contain mercury in the alloy mix and therefore the silver wash being not of a mercuric nature. Some silver washes appear to not be of an amalgam nature but these tend to be more uncommon based on present population data kept by this author. The instrument being used has a detection level for Hg of 0.001% so it's by chance that it may be present but unlikely after six different location analyses on the present coin. Lower denomination Spanish American Mint Reales are all rare. In terms of increasing rarity its: Eight Reale, Two Reale (currently (9/2012) there are 73 known Kleeberg varieties but there are many debased silver or billon (Cu/Ag) type specimens known which are excluded from the counterfeit family - - " only off-metals such as brass, bronze and copper incorporate the Kleeberg CC2R's), 4 Reales predominantly those being dated 1808 - - " all others dates are rare, and then the other two denominations (1/2R & 1R being of equal rarity). Further XRF analysis that all washes are of a silver nature and not german silver. German silver is only found as a host alloy and not as a wash. Silver plated Counterfeit 2 Reales are rare as most are either debased silver (billon) or wash specimens as this ex. Richard August - - " Clem Schettino specimen.

Specimen #5

Description: France. Henry I 1550 - - " Lyon Mintmark. Teston. 28.1 mm. 8.5 grams. 131.1 grains. Contemporary counterfeit. Silver plate (not wash) over a copper based alloy.
XRF Surface Analysis: Silver Plate: Silver (93.73%), Copper (4.2%), Molybdenum (0.64%), Lead (0.39%), Gold (0.26%), Arsenic (0.11%), Bismuth (0.1%), Iron (0.08%), Platinum (0.06%), Tungsten (0.06%), Palladium (00.4%), Zinc (0.03%), Mercury (0.03%), Nickel (0.02%), Germanium (0.02%), Gallium (0.01%), Yttrium (0.01%). Debased Alloy: Copper (97.13%), Zinc (1.65%), Tin (0.43%), Antimony (0.28%), Silver (0.28%), Lead (0.12%), Indium (0.06%), Arsenic (0.03%), Gallium (0.006%), and Iron (0.002%).
Comments: Silver plating never involves mercury amalgamation such as the case with the Sheffield Contemporary Counterfeit 8 Reale. The mercury level here is sometimes seen as coming form ore sources. It's interesting to see silver plating this early on a 16th Century piece and we would expect it to have the same type of fusion adhering process as English Sheffield ware. We tend to see high levels of antimony in many medieval contemporaries and this writer is currently exploring the reasons for this anomaly - - " if this is an anomaly or an intentional reason by the counterfeiter. Ex. Joel Caillaud, France.

Specimen #6

Description: Contemporary Counterfeit 2 Reales. Kleeberg 08H-L42. Unique. New Variety. 27.82 mm. 81.8 grams. Medal Turn Die Axis. Lima Mint. Assayer: JP. Silver Mercury Amalgam wash (traces) over a brass alloy host coin composition. Holed and filled in repair mark.
XRF Surface Analysis: Analysis of trace silver seen on the obverse: Copper (68.48%), Zinc (29.81%), Silver (0.43%), Mercury (0.2%), Arsenic (0.14%), Iridium (0.12%), Iron (0.11%), Nickel (0.1%), Germanium (0.04%), Yttrium (0.04%), Indium (0.012%).
Comments: Here is a good example of how XRF surface analysis picks up metals in this scenario of a trace silvery wash on a brass host contemporary. The X-Ray beam for XRF usually penetrates around 10um so at times it will penetrate through the silver wash and pick up the debased alloy composition. So here we see the brass composition with trace silver and mercury being revealed in the analysis. Sometimes visual analysis of the spot area to analyze will pick up more of the debased alloy. The mercury here being normally two powers of ten (100X) above normal ore background levels for this metal. Mercury is boiled off after the treatment process of applying the silver wash but remains due primarily due to its amalgamation of the compounds it has formed with silver rather than it not being efficiently evaporated off during the coin making process. These silver mercuric amalgamated compounds are what is revealed in the XRF analysis.
The use of quaternary alloys for the production of the coins and their contribution to the plating process is a new evidence for the technological knowledge of the workers in the Roman mints. This information is crucial because it provides an alternative theory as to why there were low silver concentrations (1 - 5%) in the coins although it did not affect the alloy color. Numismatists believed that these small quantities of silver gave intrinsic value in the coins but the results from this work showed that there were also key technological issues for the silver content (1). The four elements found in this study are present: copper, zinc, lead and nickel in this example. This could be accidental or intentional by the counterfeiter.

Specimen #7

Description: Circa 1574-1589 Contemporary Counterfeit Henry III France Teston. 29.25 mm. 7.8 grams. 120.3 grains. Lead/antimony alloy. V. rare 16thCentury antimony/lead contemporary.
XRF Surface Analysis: Lead (86.17%), Antimony (12.2%), Copper (0.65%), Iridium (0.5%), Zinc (0.12%), Bismuth (0.12%), Mercury (0.02%).
Comments: There was an instance in modern times were Antimony type coins were made in Kueiyang, the capital city of Keichow Province, before 1933. Beside this trial China has and had never produced coins in Antimony and perhaps it would be the mere instance in worldwide. I suspect the alloy in this highly prized China coin made of antimony to be similar in composition to this contemporary counterfeit as antimony and lead are metals seen with one another in one or two other medieval coins by this writer but never at this level (12.2%). An interesting alloy coin begging for further study on why antimony was used in the mix!

Specimen #8

Description: 1771 Contemporary Counterfeit 8 Reale. Pillar Type. 38.71 mm. 27.3 grams. Debased silver alloy (billon) composition. Ex. Peter Gregory, England.
XRF Surface Analysis: Silver (58.7%), Copper (38.6%), Lead (N.D.), Gold (0.07%), Zinc (0.13%), Arsenic (0.9%), Mercury (0.03%), Antimony (0.38%), Tungsten (0.19%), Platinum (0.11%), Bismuth (0.07%), Nickel (0.06%), Iron (0.04%), Indium (0.03%).
Comments: Original period contemporary counterfeit 8 Reale pieces are quite scarce. Specialist know that there is a significant "decreasing" rarity from pillar/portrait/cap and ray. There are many Chinese counterfeits of the pillar types so I would look for strictly a billon (Ag/Cu) type alloy, regal type edges, aged edges and surfaces and buying from a reputable world coin dealer and not a Chinese location or Far East E-Bay geographical location on E-Bay. Further XRF spot analysis did pick up trace lead. It's an important trace element as we always see lead with regal pieces since its part of the generic cupellation process and a required contaminant in the alloy.


Specimen #9

Description: 1865 Spain Isabel II Gold/Platinum Contemporary Counterfeit 4 Escudo. Barrera 846 (2). AU. 18.03 mm. 52.5 grams.
XRF Surface Analysis: Gold (58.29%), Platinum (38.27%), Copper (1.27%), Iridium (0.6%), Germanium (0.43%), Mercury (0.4%), Arsenic (0.13%), Zinc (0.13%), Gallium (0.1%), Selenium (0.13%), Silver (0.11%), Yttrium (0.1%) Nickel (0.01%), Iron (0.005%).
Comments: There was a time- - "just a few hundred years ago, in fact- - "when platinum was neither an industrial metal, nor a strategic metal, nor a precious metal used for high-end jewelry. In fact, during the 17th century in South America, the Spanish Conquistadors thought the metal was a nuisance because it interfered with their gold mining operations. It's for this reason that in the Mike Ringo coin's in the Schaumburg Sale of his Spanish American counterfeits all had primarily South American mint designations is no coincidence and the pieces from Isabel II made in platinum or have platinum as the debased host alloy such as in these amalgam gold/platinum counterfeits like this illustrated example. It's hard to believe that platinum would be treated like brass and copper and be used in a contemporary 19thCentury counterfeit as a debased alloy - - " but such is the case with these examples.
What a difference a century or two can make! In the early 1800s, platinum was found in the gold fields of the Ural Mountains in Russia and the Russian government decided to take that rare element and turn it into a monetary metal by producing platinum rubles. Over the next 18 years, the Russians minted nearly half a million ounces of platinum rubles and transformed the metal from a mere commodity into a precious metal that was and is, like gold, a store of value.
Barrera does fall short as all pieces described in his catalogue use a one metal type alloy classification to describe the contemporary counterfeit alloy. As in this case he would call this example gold when in fact it's a gold/mercuric amalgam over a platinum host coin - - " a bit of a difference. Nevertheless Barrera gives us a good overview in the beginning and does make us aware that counterfeits of pure platinum and gold with copper or with different ratios of gold and platinum weigh close to the regal weight. Copies in brass (Cu/Zn) will generally have weights 25% less or so these of course take on a less of a premium when at auction. Weight is the critical diagnostic used by coin dealers when selling a piece as gold or brass. How much lead, copper or even platinum may be in a Isabel II gold escudo counterfeit is something that may be of a mystery until analyzed but if the weight is similar to a regal you have a good chance of obtaining an rare alloy combination such as this illustrated example. In some ways this is probably the most expensive alloyed counterfeit ever produced these gold/platinum counterfeits of Spain from these South American mints. An eight Escudo in pure platinum as seen in the Schaumberg Sale offering should indeed be considered a treasure. Platinum has never been detected in a Spanish American Mint contemporary counterfeit and is limited only to the coins of Spain in the 19th Century and primarily under Isabel II seeing the highest frequency as illustrated in Barrera.


Specimen #10

Description: 1784 France Contemporary Counterfeit Silver French Ecu. 40.61 mm. 21.8 grams. Bronze Alloy. Edge filing marks. Ex. Thetis Numismatics, 2010.
XRF Surface Analysis: Copper (81.45%), Tin (10.8%), Lead (3.9%), Zinc (1.09%), Mercury (0.9%), Antimony (0.43%), Arsenic (0.33%), Nickel (0.19%), Bismuth (0.1%), Tungsten (0.16%), Iron (0.11%).
Comments: Probably the most desirable contemporary counterfeit to come from France from the 18th Century to present. French contemporary counterfeits come in brass, bronze and silver washed brass and bronze. They very seldom come even with more than 20% silver wash and any specimen regardless of grade with more silver washing on its surfaces is an unquestionable rarity after a five year analysis of this series in the open coin market.

Specimen #11

Description: 1766 France Contemporary Counterfeit Silver French ½ Ecu. Bayonne Mint. 33.0 mm. 14.0 grams. 216 grains. Silver plate (92.84%) over high silver billon (Cu/Ag) alloy with silver XRF surface reading of 96.51% . The high reading due to silver surface enrichment (3).
XRF Surface Analysis: Base Alloy - - " Silver (96.51%), Copper (3.0%), Lead (0.04%), Gold (0.11%), Platinum (0.04%), Bismuth (0.03%), Tungsten (0.01%), Indium (0.02%), Yttrium (0.02%0, Zinc (0.004%), Iridium (0.006%).
Comments: The surface enrichment of silver copper alloys has been recognized for many years. In a typical regal example if made with silver say at ~ 90.0% as with this coin the surface layer can achieve levels in the 96-98% range and within the core of the coin it's been reported to levels as low as 74-76%. This is a regal coin but with time, surface corrosion and the cooling down annealing process during the blank making process, silver tends to the surface of the blank and copper forms copper rich areas throughout the interior of the coin. A silver-copper alloy coin is NEVER homogenous in all its areas. The current research paper on this phenomenon is explain in L. Beck "Silver Surface Enrichment of Silver-Copper Alloys; A limitation for the analysis of ancient silver coins by surface techniques (June, 2004). In short this is a regal coin with typical "elevated" surface silver enrichment readings. This is a strange coin in terms of a silver plated coin over another high silver billon alloy with silver readings higher than the silver plate. A coin still under study and evaluation. Perhaps nothing more than a counterfeiting accident of some sort.

Specimen #12

Description: 1787 CAROLUS III Spain Contemporary Counterfeit ½ Escudo. Barrera 318 type. 14.3 mm. 1.0 gram. 15.427 grains. Gold/Mercuric amalgam over a debased copper alloy.
XRF Surface Analysis: Gold (78.38%), Mercury (16.1%: very high), Copper (2.5%), Silver (0.84%), Molybdenum (0.79%), Germanium (0.54%), Lead (0.31%), Antimony (0.16%), Platinum (0.12%), Titanium (0.1%).
Comments: Refer to the comments of specimen #9. Very high mercuric values on the surface and gold being high over a piece with low amounts of copper in which based on this analysis how much profit was the counterfeiter making - - " the numismatist I suspect would anticipate a greater differential of gold from the regal 90-92% escudo standard.

Conclusion

Certainly the gold and gold/platinum issues of Spain in the 19th Century are noteworthy for any collection. The Chinese counterfeit alloys of Fe/Ni, german silver and brass with trace silver and their diagnostics when "in hand" should be studied and memorized if purchasing raw coins. When purchasing a counterfeit pillar dollar you need to ask yourself is this a billon (cu/SN) or a debased silver type alloy? We do see antimony in large percentages in medieval coins and the full reason why remain a mystery but is currently under investigation by this collector. German silver does not exist as a wash in the Kleeberg CC2R series but does exist as a host coin alloy and with much less frequency than brass. In terms of increasing alloy rarity for the Kleeberg CC2R series I would say: brass, copper, bronze/german silver (equally), then lastly silver (the two Ringo specimens in Schaumburg - - " as examples). We see mercury silver amalgam washes over brass as the primary bi-layer alloy and billon and silver plated issues are not considered of this counterfeit family. So to be clear a Sheffield CC2R is of another maker and non-KLeeberg. The arena of world contemporaries is wide open for study and this collector can make arrangements for any collector to XRF analyze your finds.
Happy Hunting!

References

1. Experimental investigation of silvering in late Roman coinage. C. Vlachou, J.G. McDonnell, R.C. Janaway. Department of Archaeological Sciences, University of Bradford, BD7 1DP, U.K..

2. Luis Barrera Coronado. Catálogo General de la Moneda Falsa Española: Desde los Reyes Católicos a Juan Carlos I. Published 2000 by Artis Traditio S.A.. 200 pages.
3. L. Beck "Silver Surface Enrichment of Silver-Copper Alloys; A limitation for the analysis of ancient silver coins by surface techniques (June, 2004).

John Lorenzo
United States
Edited by colonialjohn
04/19/2015 9:33 pm
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 Posted 04/20/2015  12:55 am  Show Profile   Bookmark this reply Add austrokiwi to your friends list Get a Link to this Reply
I understood that many of the 1860s-1870s sovereign sized coins that were counterfeited using gold plated platinum were all produced by the same counterfeiter and were made for some sort of deal with a south american country.
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sel_69l's Avatar
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 Posted 04/20/2015  02:52 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Specimen #9 4 Escudo is interesting.
Gold is only 58% in the surface analysis, and platimum 38%.

The gold plating would have been nearly pure when freshly done. It seems that since the plating was done, the platinum has migrated into the gold surface layer. I know that this sort of migration can happen with gold plating on a silver core. It appears that platinum has the same ability to migrate into the gold surface layer as well.
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 Posted 04/20/2015  04:11 am  Show Profile   Bookmark this reply Add publius to your friends list Get a Link to this Reply
"colonialjohn" — as regards your #7, lead-antimony alloy makes type metal, which has the curious property of expanding when it freezes. This makes it possible to get clean, sharp casts for type. Presumably it would also make for a high-quality cast counterfeit.

From a memorandum by W Chandler Roberts, Assayer of The Royal Mint, included in the Annual Report for 1880 :

Quote:
A counterfeit sovereign in platinum, bearing indications of a previous impression, was submitted to me from the Melbourne Mint. The engraved work on the die with which it had first been struck formed channels into which the metal flowed under pressure, but when struck by a second die the flow of the metal into new channels could not entirely obliterate the design previously imparted to the disc. It at first appeared probable that the counterfeit had been struck from a Russian platinum coin, but minute examination clearly indicated the remains of an oval mark, which I identified with the "escutcheon of pretence" borne on the Spanish 10-escudo gold piece, the distinctive heraldic lines on the quarterings placing the matter beyond question ; there were also other marks which corresponded with the prototype. A Spanish gold coin had therefore in the first instance been imitated, and the identification of the device leads to the conclusion that the numerous platinum counterfeits of Spanish and English gold coin found in the respective countries issued from the same source.


From the Annual Report of the US Mint for 1919, noted as taken from the Numismatist for 1918 September (I have not traced the reference to the Scientific American) :

Quote:
A shipper of platinum from Venezuela recently sent to this country several counterfeit coins which were unusual in that, although counterfeit, they were worth about five times their face bullion value. They were included in a shipment of crude plain platinum, and the consignee, believing that they were gold, as they seemed, carefully removed them from the lot of platinum and sold them to a gold refiner as gold bullion.
Later advices from South America informed him that the coins were platinum, plated with gold, and requested that he have them assayed to determine their real value. The agent hastened to the refiner, who admitted that he had had a hard time melting the metal and had himself discovered that it was platinum. Some settlement was made satisfactory to both the refiner and the agent, but the coins were destroyed and no analysis was ever made to determine the exact value of the metal.
In another shipment of grain platinum, received at a later date, the same shipper included a single counterfeit piece. The agent took this to a laboratory for analysis, but intrinsically the single piece was hardly worth the cost of the analysis from the purely commercial viewpoint ; besides, the coin being an excellent piece of work in a fine state of preservation, it seemed a pity to destroy it. The gold plating is somewhat worn, disclosing the white metal beneath in spots. It is a counterfeit of an old Spanish piece bearing the date 1789, and the head of Charles IV. It weighs 6.435 grams and has a specific gravity of 18.9. This, of course, shows that if it is not gold, it must be platinum, or at least an alloy consisting principally of platinum. The color of the metal after removing the gold plating, and its hardness, are sufficient additional proof of its character.
It seems that these old Spanish pieces pass current in Venezuela, at least for their bullion gold value, says a contributor to the Scientific American. Some unprincipled person in the long ago must have discovered that the native platinum, found to some extent in Venezuela and more plentifully in the neighboring Republic of Colombia, would if melted make a fair substitute for gold in coins, provided the color were properly disguised by a thin gold plating. Whether these counterfeits were made at or near the date they bear or at some much later period is unknown. They are probably a comparatively recent product, but they must have been made some time before our South American friends were able to market platinum at a price above that of gold, and that is long ago. Whenever they were made, we now have the curious condition of a counterfeit gold coin intrinsically worth several times its face value.
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 Posted 04/20/2015  12:22 pm  Show Profile   Bookmark this reply Add colonialjohn to your friends list Get a Link to this Reply
SEI 691 - the other possibility is the X-Ray beam went THROUGH the gold layer and picked up the underlying platinum. Same as with silver plated over copper Sheffields
as we described in GNL. X-Ray goes through the silver plate and picks up the debased copper UNDERNEATH the silver plate. So we can never know the exact purity of the overlying silver with scrapping it off - but even then ... some copper may enter the plate.

Publius - never cherry picked a platinum coin from Europe and NEVER WILL. They know that if the weight is near regal its platinum and if ~ 50% of regal its normally BRASS ... etc.. # 7 - this was written 2 years ago - although a very rare alloy antimony is added to lead for hardness. We see this MORE OFTEN in die trials of lead where we almost see antimony 100% of the time. This is a Stange coin. For casting normally bronze is used with Pb ~ 1-5%. To add fluidity and to lower the b.p. of the mixture for easier casting. See Mossman's ANS books. Particularly his first book Money ...

JPL
Edited by colonialjohn
04/21/2015 08:02 am
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 Posted 04/20/2015  8:11 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
Fascinating information in this thread.

I was aware that there are Bust Halves struck in platinum though I've never seen a picture of one.


-MV
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 Posted 04/21/2015  08:07 am  Show Profile   Bookmark this reply Add colonialjohn to your friends list Get a Link to this Reply
Never heard of a Davignon in platinum. As you know mostly in german silver alloy and with high nickel you generally get a trace of signature cobalt. Interestingly, I did contact several top collectors of the series to send me examples for testing as the alloys described currently are somewhay cryptic - it seems after Davignon fell out of the series it died a bit ... although these is still mild interest. These like the currently so-called Mexican silver bronze cast descriptions or in Coronado in which alloys listed in his book are of just SINGULAR metal types ... antiquated descriptions ... also don't forget the Spanish Duros and 30 Sols pieces of Spain struck from regal dies and currently labeled fakes/counterfeits or whatever ... ITS ENDLESS ... and I am getting TIRED ... LOL.

JPL
Edited by colonialjohn
04/21/2015 08:10 am
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 Posted 04/21/2015  7:31 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
John I think the Bust halves in platinum were a pattern issue. I decided I'd Google to see if I could find a picture of one.

Here's one in Heritage Auction archive http://coins.ha.com/itm/patterns/18.../1158-7729.s

I only own one contemporary counterfeit Bust half with an 1825 date. A member here pointed it out and I decided I'd like to own one so I bought it. It's a 1/A which is extremely common.

-MV
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 Posted 04/24/2015  07:58 am  Show Profile   Bookmark this reply Add colonialjohn to your friends list Get a Link to this Reply
I have that book coming in recommended by SAP but in the interim if there are NON-South American sources of gold plated platinum issues of the 19thC I would be interested in seeing them ... perhaps 1-2 issues of an English, French, etc. is possible outside the Spanish/Spanish-American circle?

JPL
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