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Replies: 10 / Views: 1,932 |
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Valued Member
United Kingdom
449 Posts |
Edited by Coinage123 01/15/2013 10:48 am
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Pillar of the Community
United States
1801 Posts |
What a fantastic coin find. It appears possibly to be a counterfeit 8 reales that someone cut down to 4 reales (common practice for making small change in the early 1800's) and discovered "oops, not real". Based on the design of the coin (plated base metal core) it may date from the mid 1800's, I will leave the details of the possible time of manufacture to Swamperbob.
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Valued Member
 United Kingdom
449 Posts |
The person who cut it must of been so disappointed when he cut his lovely "silver" coin in half, only to find that is was a bit of silver plated base metal. In his anger he must of lobbed it into a lake in north Carolina!
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Pillar of the Community
United States
5362 Posts |
The coin is definitely a Sheffield plate copy. A very good example of one that shows the nature of the forgery. Based on the quality of the remaining detail, this was likely a product of Birmingham, England. That was one of few places that rose to this standard of die making.
The coin is struck and was cut to make change exposing the fraud. I am a bit surprised that the silver coating was not rendered for its silver content. In the first half of the 19th century that would have been worth doing.
Unfortunately without the date, it would take a bit of research to see if it matches any of the Charles III Mo FM varieties we have documented. If no match is possible the date will be uncertain until a complete copy is found.
This is clearly an early counterfeit and a great teaching piece but without a date is unlikely to be terrifically valuable. These coins were made from about 1790 to 1830 for use in the colonies of North America and elsewhere.
Initially they were exported to China as a War effort against Spain, but that had failed by about 1796. After that they were used in backwater areas.
The question to ask yourself is - if this coin was intact could you spot the fact it was fake?
Many experts and most dealers CAN NOT.
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Pillar of the Community
United States
1757 Posts |
Great looking 1/2 Sheffield. Perhaps discovered as a counterfeit and cut in half. VERY KOOL. I should have a paper out shortly on an 8 Reales Birmingham Sheffield in the Colonial Newsletter which was analyzed by SEM/EDS at the metal interface. It basically showed that Sheffield coins like the ware is simply a fusing of two metals (in most cases Silver fusing over brass (Cu/Zn)). BTW - never iron. Possibly bronze or high copper & low zinc. The problem with Uncirclated/AU Sheffields in slabs or even raw is confirming them since the best sign is this PEELING on the surface as we see on the reverse to the right of the left pillar. Even with green discoloration (good sign) on an AU or UNC this could be normal copper just leaching out on the surface (i.e., green tone 8R). If we use XRF and the values drop below 90% this certainly is an indicator as silver surface enrichment makes XRF values normally around 94-95% for legitimate 8R's and sea salvage pieces ~ 98-99% Ag. See my write-up here on this shipwreck coin I currently have up on E-Bay ... http://www.ebay.com/itm/22117742703....m1586.l2649John Lorenzo United States
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Pillar of the Community
United States
5362 Posts |
One thing I had forgotten to mention - did you notice the edge die was made with a two segment punch? Each pair of segments along the edge is positioned in a unique orientation. They were punched into the edge die two segments per punch.
In the view as presented, each circle is joined firmly to the adjacent rectangle along the RIGHT side of the circle but the gap on the left side varies in width. This two segment punch is seen VERY often on the later well made silver restrikes and in my opinion links the silver Counterfeits to Birmingham. This of course makes perfect sense since who better to supply the Canton factories that the English themselves?
So if you have a coin with CORRECT density 10.31 that appears to be solid silver 900 fine CHECK FOR THIS edge pattern. If you have it, you have a proven Class 2 forgery.
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Valued Member
 United Kingdom
449 Posts |
Thank you very much Swamperbob and ColonialJohn for your very informative posts, they were interesting to read(Also Swamperbob's article on the Birmingham forgeries). Quote: This two segment punch is seen VERY often on the later well made silver restrikes and in my opinion links the silver Counterfeits to Birmingham. Do you reckon that this coin would of had the George III countermark on it then? Also finally when you mentioned the two segment punch was this done by hand?
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Pillar of the Community
United States
5362 Posts |
Not necessarily. The Bank of England stamp is seen on some but by NO MEANS ALL Birmingham types. The forgery (Birmingham) first came to my attention years ago through a bogus BoE coin but recently the unmarked types have been coming out of the woodwork or so it seems. I think I am just getting more adept at spotting the tell-tale signs on uncut examples. I no longer need the stamp to draw my attention to the coin. It is unfortunate that so many I see are priced in the $200 plus range. I do not need a bunch of real 8Rs cluttering up my office and consuming my resources. So I bid only when I am almost positive a coin is fake. That means I pass up a lot of likely fakes just because of cost.
I will try to sum up what I see as the case.
It is true that the majority of counterfeit coins that have the BofE stamp are of Birmingham origin. But at the same time the majority of 8Rs from Birmingham are NOT stamped.
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Pillar of the Community
United States
1801 Posts |
Colonialjohn While we will never know the source of your shipwreck coin on ebay, it looks like the portrait dollar coins that were pulled up in large quantities off the wreck known only as the "1810 wreck" located off Ft Pierce Florida. Many of the coins I have seen from that wreck have both the same "washed out" look (probably from all the copper leaching out) and chop marks similar to your coin.
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Pillar of the Community
Mexico
1304 Posts |
colonialjohn, nice write up!
I really like you coin, espcially with the S chop mark in front of the mouth with a hit that makes it look like the king is smoking a pipe.
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Pillar of the Community
United States
1757 Posts |
I should appreciate and study chopmarks but most translate to either typical words of good feeling or some business which then seem not to translate to anything ... like a business counterstamp on a U.S. coin. Personally ... I think most shipwreck coins are too hyped up ... they are historical and its nice to study one or two in your collection ... I thought this as a possible contemporary counterfeit so now I am stuck with a real coin hence this sale ... I am probably the only one in the State of NJ that has ill feelings when getting a legitimate coin in the mail ... <VVBG>.
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Replies: 10 / Views: 1,932 |
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