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Proof Coins Now In Circulation, How To Determine Price?

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Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 10/12/2012  6:44 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
The date looks way off to me, but will wait for experts on the series to chime in.
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dave700x's Avatar
United States
10625 Posts
 Posted 10/12/2012  6:50 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
But I'm not the expert. Still waiting...

Is the edge reeded?
Edited by dave700x
10/12/2012 6:51 pm
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hesgut's Avatar
1028 Posts
 Posted 10/12/2012  6:54 pm  Show Profile   Bookmark this reply Add hesgut to your friends list Get a Link to this Reply
Okay, I see, my fault, I mis-understood what you meant by circulation. Your title says "proof coins now in circulation"... I just figured you implied this one actually came out of current circulation. A 19th century circulated proof is certainly possible, but an 1877 20c proof would be less likely than most. People didn't even want to circulate the business strikes LOL.

Anyways, I don't know about the coin's authenticity as I don't know this series well, but it definitely needs authentication. Something about it bothers me too. Circulated proofs with that level of wear should still have at least a hint of what made it a proof. The strike also doesn't scream proof to me. Could be a Chinese fake, but I am no expert on this series at all.

If genuine, I think it would be an easy sell actually. You would be offering a very rare coin for a price nobody else could touch.

Thanks for the pics
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basebal21's Avatar
13014 Posts
 Posted 10/12/2012  6:59 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Just to pile on with everyone else I agree about getting it graded. Its not required but the price youll get for it being ungraded will be much lower. People will be willing to take a risk thats its real, but only if they can be rewarded with a nice payoff or a great deal if they get it certified and its real. They wont pay FMV for it
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biokemist6's Avatar
United States
12437 Posts
 Posted 10/12/2012  7:25 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The pics are a bit fuzzy but I would say that PR-30 is not out of the question. LIBERTY cannot be used for grading in the same way as all other Seated Liberty coins because it is in relief on the 20c while it is incuse on all others, it will wear away much quicker.
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johnny54321's Avatar
United States
4849 Posts
 Posted 10/12/2012  7:38 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
here is a side-by-side comparison with the date on a certified example. Though it could be somewhat affected by camera angle or wear, the date structure (height, width, difference between narrow and wide parts) look dramatically different to me. Have you weighed it? Experts, are there varying date styles on this coin?

Proof-Coins-Now-In-Circulation,-How-To-Determine-Price?
Edited by johnny54321
10/12/2012 7:41 pm
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andym's Avatar
United States
51 Posts
 Posted 10/12/2012  9:01 pm  Show Profile   Bookmark this reply Add andym to your friends list Get a Link to this Reply
I hope you're not right johnny54321, as I paid $700 for it, on my credit card.
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hesgut's Avatar
1028 Posts
 Posted 10/12/2012  9:22 pm  Show Profile   Bookmark this reply Add hesgut to your friends list Get a Link to this Reply
I previously admitted to not being an expert on this series which remains true, of coarse. However, after looking at Jouhnny's pics I am almost certain this is a Chinese fake. The date isn't even close to being correct in style, size, or positioning. I also still have problems with other aspects of the coin, but the date comparison pretty much confirms it to me.

It doesn't just look like a fake to me, it looks exactly like most 19th century Chinese fakes look like as far as detail, rims, what's right and what's wrong.

Do whatever you can to return this coin. If your efforts are futile, then do a credit card charge back. Any hassle you may get out of that would be worth the amount of money you paid.

Edit to say....btw the mintage on these is tiny and not all of those survived. What's the chance that a genuine example will just turn up at this stage in the game, not in a slab, and being sold for far less than it would deserve.
Edited by hesgut
10/12/2012 9:30 pm
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 10/12/2012  9:39 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
I have to agree that this coin is very suspicious. As already mentioned, the date looks off and the coin has a sort of grainy appearance.

Quote:
are there varying date styles on this coin?

I did a bit of googling and found this page on this coin. According to the description only die pair was used.
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andym's Avatar
United States
51 Posts
 Posted 10/12/2012  9:41 pm  Show Profile   Bookmark this reply Add andym to your friends list Get a Link to this Reply
Are you all pretty certain it's a fake?
D0ubl3Eagle, what does "die pair" mean? Maybe the top & bottom die, as a pair? NGC wrote that there were two pair, but only one pair was used.
Edited by andym
10/12/2012 9:48 pm
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new12collector's Avatar
United States
55 Posts
 Posted 10/12/2012  9:48 pm  Show Profile   Bookmark this reply Add new12collector to your friends list Get a Link to this Reply
The rim looks "clunkier" on your copy...





Also compare the top of the 8 on both.
Edited by new12collector
10/12/2012 9:52 pm
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 10/12/2012  10:00 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
A die pair refers to the specific obverse and reverse die that was used to strike a coin. Coins struck from the same die pair will have the same elements in the same style and the same location.
Edited by D0ubl3Eagle
10/12/2012 10:02 pm
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basebal21's Avatar
13014 Posts
 Posted 10/12/2012  10:05 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Edit to say....btw the mintage on these is tiny and not all of those survived. What's the chance that a genuine example will just turn up at this stage in the game, not in a slab, and being sold for far less than it would deserve.





I would return it. At the very least I would tell the dealer I'm sending it in to get graded, if it doesn't grade as real I will be returning the coin
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nickelsearcher's Avatar
United States
15485 Posts
 Posted 10/12/2012  10:11 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Wow ... interesting thread with the usual support provided by the CCF family to a newer member.

This coin is very suspicious ... I am not an expert on the particular series ... but my general knowledge of numismatics sends off alarm bells when I view the comparison photos.

If I were the OP ... I would get my $700 back.

David
Take a look at my other hobby ... http://www.jk-dk.art
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sel_69l's Avatar
Australia
21788 Posts
 Posted 10/13/2012  01:41 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
You will see from my previous post that there are others out there that know more about this series than I do. Not surprising, I am not a specialist in these.

I wasn't particularly suspicious about this coin, but just a little uneasy of the possibility of fakes with them generally.

The problem with buying scarce or rare coins generally is that you can't compare them with known genuine coins at the point of sale. Often, an honest seller can be caught out as well, simply because he is not a specialist on that coin.

So what do you do?

The seller must provide a money back guarantee at least for some specified lengthy period. The buyer may need quite a lot of time to verify the authenticty, when the coin is in his own hands.
The buyer is much better off examining the coin in hand before making a decision to buy. If the buyer finds out later that the coin is not good, he can claim on the guarantee.

If an ebay seller does not provide this type of guarantee, don't deal.
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