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 Replies: 15 / Views: 3,616 |
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Rest in Peace
United States
9104 Posts |
I'm meeting a lady this afternoon to look at a "rare" coin. This is one of those "I had someone look at it and tell me it was extra nice and worth $10,000", which I translate into "someone who knows less about coins than she does looked up a genuine coin in a record auction price, and applied that to this high grade fake she has". But hey, doesn't cost to kick tires. Unfortunately, I don't have much to work with: Of course, with none on ebay, it could be a rare date. which would only make it that much more likely to be a fake, but you never know. Input from specialists welcome. |
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New Member
United States
18 Posts |
Bring a strong magnet. I wish I had had one when I bought a rare Peruvian silver coin from a street seller in Peru. I stick pins in her doll on a weekly basis.
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Valued Member
Bulgaria
180 Posts |
you can make pictuers from the coin?
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Pillar of the Community
 United States
2703 Posts |
I checked Krause pricing for Peruvian colonial cobs for the date 1730LN (1/2, 1, 2, 4 ,8 reales). 8 reales (KM# 34a) is the highest price, listed at $500 for VF. The Peruvian Royal Coinage 8 reales could be worth that much (KM# R34a). 1730LN lists at $12000 in VF.   |
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Pillar of the Community
France
1591 Posts |
Those royals are also highly faked ...
Without picture I fear no one will be of valuable help :)
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Rest in Peace
 United States
9104 Posts |
 , Jim_D! Magnet is good advice. I have a HD magnet on my magnifier. t360- The date on your image looks like 1739. Am I misreading? Your numbers match closely with similar type coins on ebay, where 8 reales go for around 300, down to around 25 on half reales. The royal is prolly the price her "expert" looked up. More likely she's got a 1 reale. Any side bets? |
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Pillar of the Community
United States
2703 Posts |
Yes the only example of the royal type I could find a picture of was 1739LV.
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Rest in Peace
United States
4078 Posts |
Biggfredd, I have no idea but hope you work it out! Where is the metal detector?
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Rest in Peace
United States
9104 Posts |
Lady was no show. Quote:
Where is the metal detector? What detector? |
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Pillar of the Community
United States
2703 Posts |
Uncool. She should have called you this morning to cancel.
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Moderator
Australia
16826 Posts |
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Any side bets? I'd have given you 10 to 1 odds it was a Disneyland replica. They're actually dated 1736, but it kind of looks like 1730. 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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Pillar of the Community
United States
2703 Posts |
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Pillar of the Community
United States
1962 Posts |
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which I translate into "someone who knows less about coins than she does looked up a genuine coin in a record auction price, and applied that to this high grade fake she has" Experience tends to show that that's an excellent premise to assume until proven otherwise... seems to end up being the case more often than not with these stories. Quote:
I'd have given you 10 to 1 odds it was a Disneyland replica. They're actually dated 1736, but it kind of looks like 1730. That was my immediate thought as well. Variations of that ubiquitous 1736 (which of course is actually of an 8 ESCUDOS, not the 8 REALES - similar in design but slightly different) have been around for 30+ years... I have one my Dad picked up at some touristy area in the South, along with the requisite 1760 pillar 8 Reales that bears the identifying planchet split extending from 3 o'clock on the pillars side. Quote:
The Peruvian Royal Coinage 8 reales could be worth that much (KM# R34a). 1730LN lists at $12000 in VF. Honestly, there's really no point of even mentioning a (genuine) Royal - which most assuredly is NOT what this woman has - in relation to this story. Especially in the absence of a detailed description of what a regular (genuine) cob is vs. a "Royal", and random asides like that in an internet posting are exactly where dreamers will come up with cockamamie figures like the woman and her "expert" mentioned in the original post did... |
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Rest in Peace
United States
9104 Posts |
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I'd have given you 10 to 1 odds it was a Disneyland replica. They're actually dated 1736, but it kind of looks like 1730. Everything from gas stations to amusement parks to museums make or sell reproductions, replicas, facsimiles of coins and paper. I'm sure the potential future damage to the hobby never crosses their minds. |
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Rest in Peace
United States
9104 Posts |
Quote:
Honestly, there's really no point of even mentioning a (genuine) Royal - which most assuredly is NOT what this woman has - in relation to this story. Especially in the absence of a detailed description of what a regular (genuine) cob is vs. a "Royal", and random asides like that in an internet posting are exactly where dreamers will come up with cockamamie figures like the woman and her "expert" mentioned in the original post did... I always wonder why people go to an "expert" and get a line of BS, before going to someone who at least might know something. Near as I can figure, from what little was said in the Std Cat, the first clue is that royals were round instead of lumpy cob shapes. And I'd be the first to admit that's only an edumakated guess. |
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Rest in Peace
United States
9104 Posts |
Quote:
cockamamie figures like the woman and her "expert" mentioned in the original post did... When you say you're not interested because it's a fake, or show someone what it's really worth, they respond with - But he said it was worth $10,000
- The RedBook says it's worth...
A much harder question for them to wrap their heads around is "so he offered you $10,000 for it?". If you just want to feel good, I can tell you it's worth $100,000, but that doesn't get you any closer to cash. Of course the RedBook answer is "what do you think the other columns of numbers are for?" (Duh, I don't know) Well, the ones under $1 are for the one you have that they made 100 million of, while the number you looked up is for an unworn proof they only made 1000 of. |
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Replies: 15 / Views: 3,616 |
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Posted 04/01/2012 10:56 am
