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 Replies: 26 / Views: 3,433 |
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Valued Member
United States
408 Posts |
I looked at a 1856 Flying Eagle and was invited to make a offer on it. It is raw and I'm not sure how to grade it but am more concerned that it is real. Anyone have any advise on how to determine authenticity?
Maybe a ball park figure on minimum value.
Thanks, Jim
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Pillar of the Community
United States
1796 Posts |
I have seen counterfeits for the entire Flying Eagle series online, and the best way to tell is strike comparison and weight. 1856 is the most commonly faked date as even in G4 it can bring in $5,000+.
If they're selling it for anything less I would be suspicious.
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Valued Member
United States
333 Posts |
No such thing as a free lunch.
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Pillar of the Community
United States
1291 Posts |
Jim - Is it being offered on line or can you "lay your hands on it", so to speak, before making your offer?
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Valued Member
 United States
408 Posts |
Thanks Steve. Bonehead, not sure I understand you contribution. Is that anything like: "if its to good to be true, it probably is"?
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Bedrock of the Community
United States
10045 Posts |
This isn't a coin that should ever be bought "raw"--more fakes exist than real coins, and some are quite convincing.
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Pillar of the Community
United States
8516 Posts |
I most definitely agree with DV, take a pass on raw.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
Canada
986 Posts |
Is there any way you can post pictures of both sides of the coin? Or perhaps a link? A look at the coin would go a long way in determining its authenticity.
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Bedrock of the Community
Canada
10743 Posts |
Hi, tampabaygramp...with the price of one of those coins,I wouldn't hesitate to buy it certified by a TPG, never would I buy that coin raw. |
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Pillar of the Community
United States
1796 Posts |
 Over 600 counterfeits from this manufacturer were sold directly in the past year. In comparison, only 750 genuine business strikes and 1,500 proofs were made. Counting this manufacturer's numbers alone, there would be almost a 1 in 4 chance that if you find one it's a fake. However, we know that the chances are probably far greater than that, given that there are hundreds of such manufacturers. Where I tend to come off as critical of TPGs in general, I must emphasize: Buy this date certified and guaranteed, only. :-) |
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Bedrock of the Community
United States
10045 Posts |
 SteveCaruso--TPGs are invaluable for such a key coin. If all counterfeiters were making such obvious fakes like above, we could distinguish the fakes ourselves. (The fake above has the 1857 LL style legends, and the date is slightly larger than normal  ) Edited by DVCollector
03/31/2012 1:23 pm
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Valued Member
United States
408 Posts |
Thanks everyone for your input. I will pass, don't know
the seller and didn't feel at ease with his "presentation".
Its is nice to have a group to get opinions from. Thanks, again.
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Bedrock of the Community
United States
20753 Posts |
Becoming so common that at one coin show a dealer was selling faked 1856 Flying Eagles for $10. I bought one for the fun of it and something to put in an Album.
If you know the person selling one, suggest it should be sent to a TPGS for authenticating. You can tell them if it's real, you'll pay for that service. If not, he pays.
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Pillar of the Community
United States
2757 Posts |
related question: does anyone have an estimate of what percentage of the 1856's are slabbed?
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Pillar of the Community
United States
1796 Posts |
PCGS claims 151 graded.
NGC claims 370 graded.
Edited by SteveCaruso
04/01/2012 9:15 pm
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Moderator
 United States
16679 Posts |
DO NOT purchase this coin raw, even from a dealer.
swcoin.ecrater.com
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Replies: 26 / Views: 3,433 |
Posted 03/31/2012 09:42 am
