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Replies: 23 / Views: 2,934 |
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Pillar of the Community
United States
5362 Posts |
There is a posting which I found very interesting on ebay tonight. The coin is a 1795 from Mexico City with the oval Bank of England C/S. The coin itself has been obviously polished. How much does polishing effect the value in this case - and why? http://www.ebay.com/itm/SCARCE-8-RE...350680498768Edited by swamperbob 12/29/2012 7:31 pm
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Pillar of the Community
Hong Kong
1270 Posts |
Very nice piece, I would like to have it by this starting price. "Why do you say why?" Any polishing of coin was unintentionally to preserve the price of it. The owner just wanted to have a better appearance so he/she polished it. This is part of the history of the coin. Most important is the coin is real or not. Henry
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Pillar of the Community
United States
1801 Posts |
Maybe it is just me but the counter stamp looks like it was applied post polishing which makes no sense and would make me run from this coin fast as I could. I actually don't like the polished look anyway, makes me wonder what was polished away.
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Pillar of the Community
 United States
5362 Posts |
jfransch - That is a very good point and quite true - the coin was polished BEFORE it was overstruck. Therefore the stamp is a modern fake. You can tell by the way the perfectly polished surface warps in with the punch but the punch itself is not seriously damaged. Also on the reverse there are hints of some of the anvil damage that may be sharply defined. Of course the angle of the photograph is picked to hide that fact.
Now any guesses with reasons on the Host coin itself. Is it real?
And a secomd question - any guesses on who is holding the coin?
Edited by swamperbob 12/29/2012 10:42 pm
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Pillar of the Community
United Kingdom
1321 Posts |
you know, the punch on that one actually looks good, which given what numismatic literature this seller is selling is somewhat worrying!
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Pillar of the Community
 United States
5362 Posts |
Yes - andyg -I was very disturbed by the fact that this well known forger has finally made a really good copy of a privy stamp. At one time you just looked at the King's portrait and all the fakes were horrible renditions. This one does in my opinion look GOOD. Perhaps in person it would look different but at this scale it looks really good.
But what first got me looking harder was the block work in the castles. It is incorrect for the Mexico City Punch for that year. Once I saw that I looked harder including the FINGER PRINTS of the person holding the coin. I am not a fingerprint expert but the lines on the index finger in his auction for a 1/2 real MATCH the identical pattern I have seen on other index fingers associated with other forgeries from Spain. I therefore believe this is the same guy that under a few names has been selling bogus coins (all counter-stamped) from the infamous Catalogo that has been discussed on a few occasions. This is our "unnamed" forger possibly author, who basically wrote the book he is selling (see his other auctions). I have been watching this guy for YEARS. He is a THIEF pure and simple. He sells TRASH.
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Pillar of the Community
Australia
2830 Posts |
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Pillar of the Community
 United States
5362 Posts |
The seller is Belyerac and gives a location of San Pedro Alcantara, Spain. He changes names and sells in bursts. After one name gets a bad feedback score he moves on to another name that was set up a few years ago. This is well planned in advance by a thief. This is the Book he sels for $60 - it has 64 pages (32 folded 8.5x11 inch Xerox sheets stapled through a color copy on card stock that serves as the cover.  So even the fake book is a rip-off. I suspect that he adds pages as he makes new punches. He counter-stamps common junk coins and makes them worth $500. His foolish book has prices and nearly all are $500 or $1000. This is so that in ebay ads he can show the page of the book alongside his rip off coin and the unsuspecting "mark" doesn't check to see who wrote the book - when or if there are any credentials behind the publication. The printer in this case is a store front Xerox shop in Madrid that prints for folks walking in off the street. Nice way to run a rip-off.
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Pillar of the Community
 United States
5362 Posts |
PS - I did not buy the book from him directly - I bought it on the secondary market so as not to support this thief. I also did it so I could take pictures of my own property and not use his pictures. It is in my book. The author's name is innocuous "Jose Luis Gonzales" which I have been advise is like using the name John Smith in the US. This is just one of many well executed VERY INTENTIONAL rip-offs that ebay allows to run unchecked - while honest guys who try to post period counterfeits (actual rarities) get warnings. Way to go ebay.
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Pillar of the Community
Australia
2830 Posts |
thankyou: I needed some detail to grasp the scam - and that is a very clever scam. I collect coins of the Napoleonic era, and would like to add a counter-stamped 8R, but I can now see that I'll have to be very careful.
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Valued Member
Germany
194 Posts |
The seller of this coin is Juan Melgar, who operates under several accounts on ebay. He sells mostly fake counterstamps - I would assume that he is also their producer, or gets them first hand from the counterfeiters. While the die work appears to be getting better and better, in most cases too much pressure is applied in the counterstamping process. The stamps are almost always completely struck and leave a prominent mark on the other side (unlike many of the originals). Also (not in this case, however), he has little knowledge of the background of some of these counterstamps, so that errors occur (wrong stamp / host coin combination, for example). I have never really checked whether the host coins are fakes as well or whether he just uses common hosts. In this case here, it seems to be a fake host coin...
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Pillar of the Community
 United States
5362 Posts |
Pressure can be adjusted. I have been collecting pictures of his stamps so that when he gets the strike correct I can still recognize them.
I would advise every collector interested in Counter marks to do the same.
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Pillar of the Community
Hong Kong
1270 Posts |
 Valuable thread and valuable experiences from our experts. THANK YOU!
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Pillar of the Community
 United States
5362 Posts |
This discussion has also hit the Face-book - counterfeit discussion group. There are some people on that forum that are suggesting the stamp is real.
After a very painstaking analysis of the stamps on 12 certified original coins - I will state that my initial opinion of the Stamp is Correct (in my opinion) because there are at least 3 errors in the stamp that I could not find on any other coins that I consider original. My collection of photographs of high grade original stamps may not be 100% complete as I believe more than 12 different stamps are known to exist. However, I do know that these were all Royal Privy stamps used since 1784 in the marking of Silver Plate. There was an official portrait specified but like any other punch slight variations are noted.
But in the end, what I see is not a variant of an original but a clever COPY of one in which the engraver made a few mistakes - likely based on a misunderstanding of the components of the Royal design.
Since it is possible that the comments on Face-book could be coming from the forger himself - I will not disclose my clues. They could be easily corrected just like the striking pressure.
It is unfortunate but this particular forger has been a thorn in my side for many years. I see his work quite often and the story of being defrauded out of a few hundred dollars is always the same from the buyer. Thieves like this guy MUST be stopped. At least now there are photographs of his fingerprints should anyone want to go after him.
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Pillar of the Community
France
1591 Posts |
Thanks for compiling those informations - we are following Juan Melgar since a while, on facebook and before I started the group. The group is not private (as this forum) and I cannot make it private anymore - so that guy can still see what's discussed (I banned him a while ago already). There is at least another suspect forger in the group, not sure if he is still active (and I'm sure there are other non-active members which may be from asian rings - I tried to filter but ...) All in all, Swamperbob is right, we shouldn't give out too much clues.
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Valued Member
Germany
194 Posts |
I recognize the problem. Quite obviously, anybody can play dumb, ask about why a coin/counterstamp is fake and adjust their production methods accordingly afterwards.
The question what is to be preferred - to distribute knowledge about forgeries, thus enabling the forgers to improve quality, but disclose their existing products as fakes, or to keep the secrets within an informed group and leave the ununformed to be victimized - is as old as numismatics itself, I guess.
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Replies: 23 / Views: 2,934 |