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1686-L.r. Peru 8 Reales PCGS VF-30 ... And Fake ...

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MathieuMa's Avatar
France
1591 Posts
 Posted 12/02/2011  11:08 am Show Profile   Bookmark this topic Add MathieuMa to your friends list Get a Link to this Message Number of Subscribers
This one is for you Swamperbob - a fake macuquina slabbed by PCGS :
1686-L.r.-Peru-8-Reales-PCGS-VF-30-...-And-Fake-...
1686-L.r.-Peru-8-Reales-PCGS-VF-30-...-And-Fake-...

Certificate link : http://www.pcgs.com/Cert/19500444/

Auction link : http://www.ebay.com/itm/1686-L-R-Pe..._2562wt_1195

I don't understand how this one passed, it's ... gross ...
I've mailed D.F.Sedwick about it in order to be sure ... he confirmed.
Edited by MathieuMa
12/02/2011 11:16 am
Pillar of the Community
United States
1962 Posts
 Posted 12/02/2011  12:08 pm  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
It's not even a fake so much as a tribute replica, as that piece is crude and "off" such that it's not meant to fool anyone into thinking it's genuine. Newport Beach should be absolutely flippin ashamed of itself. Whoever graded that coin (and whoever else even came near it) does not qualify to work there. And yes, it's Newport Beach's doing, not Quangdong's... WOW... just wow.

Kopeiki, please immediately bring this to the attention of the PCGS board - I'm actually surprised that as of writing this, no one has brought it up yet...

And to think, we were having a hearty chortle on our cob forum about NGC calling a 1764 Potosi 4R "1664" by mistake. My bad, NGC, you clearly don't suck as bad on Spanish realm coinage.
Pillar of the Community
Czech Republic
803 Posts
 Posted 12/02/2011  12:38 pm  Show Profile   Bookmark this reply Add TwoKopeiki to your friends list Get a Link to this Reply
Reposted on PCGS forums.

I don't dabble in anything pre-milled, so walk me through what's wrong with this one. I mean, from the looks of it, it's made to resemble a "presentation" piece, based on the nearly perfect shape of the planchet. Are the design elements off? Some of the legend does seem crude, but as I've mentioned - I have yet to venture into this area of collecting.
Pillar of the Community
United States
1962 Posts
 Posted 12/02/2011  2:25 pm  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
Yes, it's supposed to be a "Royal" aka royal presentation piece, aka a "redondo"... The design elements aren't even close - if nothing else, the lion monkeys are amusing.

Mind you, an authentic piece is a $5000+ coin...

A little digging on this shows that another specimen of this fake was in a Cayon auction a few years back. They described it as an 1800's fake, possibly an indigenous piece AND apparently Calbeto and Burzio actually mistook it for genuine. Wow - I guess that's why we have follow-up books...

1686-L.r.-Peru-8-Reales-PCGS-VF-30-...-And-Fake-...
Pillar of the Community
Czech Republic
803 Posts
 Posted 12/02/2011  3:36 pm  Show Profile   Bookmark this reply Add TwoKopeiki to your friends list Get a Link to this Reply
Thanks for the info. Yeah, once you know what it's suppose to look like, it's hard to take that fake seriously. You mentioned that Calbeto mistook another one of these for an original - does that mean there's a picture in "Compendium de 8 Reales" listing it as real with a corresponding reference #? I'll check when I get home Sunday, but that would be a pretty neat numismatic fact and might explain why someone else might mistake it for an authentic piece by using that reference. Although you would expect a 3rd party grading company with a small army of specialized consultants to be able to detect something this obvious.
Valued Member
Germany
194 Posts
 Posted 12/02/2011  4:35 pm  Show Profile   Bookmark this reply Add dosmundos to your friends list Get a Link to this Reply
Yes, it's indeed in Calbeto, pictured on page 138, No. 257, and described (on page 137) as:
"another presentation piece, struck over other piece of the era"

No. 256 is also a presentation piece, pictured right next to it. It looks good and makes the other one look even faker (if that's possible). I wonder how that slipped by, but then you probably can't study each and every coin in a two-volume "Compendio"...
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MathieuMa's Avatar
France
1591 Posts
 Posted 12/03/2011  03:37 am  Show Profile   Bookmark this reply Add MathieuMa to your friends list Get a Link to this Reply
Could you please post a scan of those two pages ? I don't have the book :/
Locked
822 Posts
 Posted 12/03/2011  10:38 am  Show Profile   Bookmark this reply Add scubu to your friends list Get a Link to this Reply
Any chance the slab's a fake too?
Valued Member
Pandesalapi's Avatar
Philippines
386 Posts
 Posted 12/03/2011  11:10 am  Show Profile   Bookmark this reply Add Pandesalapi to your friends list Get a Link to this Reply

Quote:
Any chance the slab's a fake too?

It is also a possibility... I hope someone can post the pcgs picture file based on the serials
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MathieuMa's Avatar
France
1591 Posts
 Posted 12/03/2011  11:15 am  Show Profile   Bookmark this reply Add MathieuMa to your friends list Get a Link to this Reply
The slab is genuine, I posted the link : http://www.pcgs.com/Cert/19500444/
Locked
822 Posts
 Posted 12/03/2011  11:23 am  Show Profile   Bookmark this reply Add scubu to your friends list Get a Link to this Reply
That's the same coin?
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MathieuMa's Avatar
France
1591 Posts
 Posted 12/03/2011  11:49 am  Show Profile   Bookmark this reply Add MathieuMa to your friends list Get a Link to this Reply
It's the exact same coin, with the exact same odd look ...
Pillar of the Community
Czech Republic
803 Posts
 Posted 12/05/2011  09:48 am  Show Profile   Bookmark this reply Add TwoKopeiki to your friends list Get a Link to this Reply
The seller posted his contact information on the PCGS forums if anyone wanted to follow-up with him and answer some of his questions with regards to next steps.


Quote:
I am the owner of this coin. I submitted this coin to pcgs and it was graded in may 2011. I did not buy the coin until after having it certified. I am not competent to determine whether or not it is real - thus the submittal before purchase.

I am pondering what to do and appreciate any advice. It does occur to me that if the coin is fake, how do I evaluate the value and how will pcgs evaluate the value under their grading guarantee?

Tony Mitchell

Silver State Coin
44 West First St
Reno, NV 89501

(775) 322-4166
Edited by TwoKopeiki
12/05/2011 09:50 am
Locked
822 Posts
 Posted 12/05/2011  10:03 am  Show Profile   Bookmark this reply Add scubu to your friends list Get a Link to this Reply
I notice it's still listed though....
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MathieuMa's Avatar
France
1591 Posts
 Posted 12/05/2011  11:19 am  Show Profile   Bookmark this reply Add MathieuMa to your friends list Get a Link to this Reply
Just saw the topic on PCGS - and registered ...
In the meantime, here is the answer from Mr Sedwick (contacted him about him + thanks about the last auction) :


Quote:
Cher(ère) mathieuma,

yes it is a fake coin that was put in a slab by error. We have notified the company. We have listed tons of new material in both places. thanks

- sedwickcoins
Valued Member
Larryh86GT's Avatar
United States
326 Posts
 Posted 12/05/2011  3:00 pm  Show Profile   Bookmark this reply Add Larryh86GT to your friends list Get a Link to this Reply
Bid is up to 443.88 at this point:

Questions and answers about this item

Q: I'm really interested in bidding on this coin. I've never seen one with such detail. I would like to know if you can tell me how much a piece like this retails for? Thank you,

A: It is difficult to say. I can find no record of an example of this coin selling anywhere ever. The world coin catalog does not give a price for a piece graded this high. It may be that this is the best in exixtance

Dec 03, 2011


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