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Real Or Fake? 1861 Dollar

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Joe2007's Avatar
United States
3843 Posts
 Posted 03/31/2013  01:22 am Show Profile   Bookmark this topic Add Joe2007 to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/1861-Seated...em1e78978dfa

This one looks really suspect to me at least. So what is your opinion is it real or fake?
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ThisIsFun's Avatar
United States
2480 Posts
 Posted 03/31/2013  08:30 am  Show Profile   Bookmark this reply Add ThisIsFun to your friends list Get a Link to this Reply
Looks OK to my inexpert eye. Overlay with a PCGS picture checks out. Devices don't look puffy or broad. Is there anything in particular that looks off to you? I'd like to learn more about spotting counterfeits.
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Billie's Avatar
United States
592 Posts
 Posted 03/31/2013  08:53 am  Show Profile   Bookmark this reply Add Billie to your friends list Get a Link to this Reply
Why would you buy any thing like this without it being certified? Makes me suspicious that it is not....
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sel_69l's Avatar
Australia
21786 Posts
 Posted 03/31/2013  09:50 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I HATE looking at ebay pictures to make up my mind to say if a coin is good or not.
Nevertheless, this coin looks rather 'pasty' to my eye.

I would much rather examine a coin in hand with a loupe before deciding to buy, but I guess that is just me!

It seems that he has just written down the standard specifications of the coin.

I would like to do a comparative ring tone test against a known genuine coin of exactly the same specification, and weigh it for myself.
Edited by sel_69l
03/31/2013 09:53 am
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noahs-numismatics's Avatar
Canada
3167 Posts
 Posted 03/31/2013  10:02 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list Get a Link to this Reply
I'd pass on this one just because of uncertainty.
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 03/31/2013  10:43 am  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
To say a coin is suspect simply because it is not in a slab is ridiculous. There are plenty of coins like this not in a slabe that are perfectly fine.

I see nothing at all here to tell me it is fake. Pasty? What do you mean by pasty? And I can pretty much guarantee that if you went into a shop or to a dealers table and dropped that coin to do a "ring test", there would be some heated conversation going on.

I don't know where uncertainty would come from beyond the obvious it isn't right in front of me. The pics are clear and show the coin well. Full retail on that coin (I am saying it is a VG at the absolute best, and that may be stretching it) would be 725, so they are bidding well above its value, but stuff happens.
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 03/31/2013  12:57 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
Personally, I wouldn't call a coin a fake whether valuable or not simply because it is not in a slab. I make my judgments mostly based on the coin and I have to say this coin felt suspect the moment I saw it. The rim below Miss Liberty, approximately between the two sets of stars, has a sunken appearance which is something I have not seen on genuine examples but many times on chinese counterfeits. Also on the rim below very left side of the 6, there is a lump of metal which is suspicious by itself but had something like than been on a genuine coin, it would be basically worn away by the time it reached the grade this coin appears to be in. The definition of some of the stars and reverse lettering look weak and not as bold as I would expect from a genuine coin even in this grade. The toning on the rim looks weird to me since on genuine coins, it is oftentimes lighter than in places like the fields due to being constantly worn off. The toning looks a little artificial to me possibly in an attempt to hide what it really is. I have once unknowingly bought a counterfeit 1756 8 reales which had been artificially toned in a dark grey to black to make it appear more genuine.
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philadelphian's Avatar
United States
3253 Posts
 Posted 03/31/2013  1:53 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Thank you D0ubl3Eagle and smokeriderdon for reiterating that a slab is not the only way to determine authenticity of a coin! For what it's worth, the position of the stars and date here relative to the denticles appears spot-on for an 1861.
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 03/31/2013  1:55 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
Double, thank you for a concise and detailed explanation of why you have questions about this coin. The toning and the stars do not trigger any alarms for me. BUT, the dot in the rim under the date (which I completely missed at first) does indeed make me wonder.

The seller seems to be OK, though I shudder seeing the pics of him holding coins with bare hands. If I could work a deal with the seller for him to send it to ANACS and payment made when it comes back genuine, then there is no reason to worry. But again, it is going for way too much money regardless.
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Joe2007's Avatar
United States
3843 Posts
 Posted 03/31/2013  3:47 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Thank you D0ubl3Eagle you expressed some of the concerns I had with this coin better than I could. Not considering purchasing this coin, just saw it on ebay and wanted to see if anyone else was as uneasy about its authenticity.
Edited by Joe2007
03/31/2013 3:51 pm
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sel_69l's Avatar
Australia
21786 Posts
 Posted 03/31/2013  8:56 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
If a dealer was very defensive about a comparative ring tone test, I would be very defensive about the dealer. There would be no argument. I would go very quiet, and my body language would help to support this.
Normally, their reputation is very dependent on selling genuine coins.

The guys I go to would have no hesitation in a situation like this.
Normally, the test coin is rested on a gloved finger and tapped on the edge, an inch or so above a soft pillow or similar.
Repeat test with a known genuine coin.

In terms of the 'pasty' appearance, the grey even 'toning' just looks a little 'sick' to me.
I will very readily admit that is is very hard to make this call on a picture only, but if I were considering to buy, it gives me a 'gut' feeling of suspicion. That judgement may very well turn out to be unjustified, but I have to pay attention to my instincts. They have served me well in the past.
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jfransch's Avatar
United States
1801 Posts
 Posted 04/01/2013  12:07 am  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
Joe2007, I personally see nothing that makes me uneasy about the coin in question, but I would want to see it and hold it before I bought it, do not believe you can judge a coin from a photograph, and would never have paid anything near what it sold for. I am no expert but other than the strange dot mentioned above and another smaller one to the left of the 1st star at 9 0'clock, the devices and fonts on this coin all look fine to me.
But the reason I wanted to comment was in response to the discussion about "why isn't it slabbed?". I have been collecting coins for about 50 years now (since 3rd grade and I am old). I have only sent in 4 coins to TPGs since they came on the scene years ago. Why would I? I learned how to grade carefully early on (and have kept up with the changing grading scale over time, I am much pickier than most TPGS), I study the coins I collect and very rarely get fooled by a counterfeit or altered coin and once I have convinced myself that I like the coin, it goes into my collection, why would I pay someone else I don't know for their opinion? If I need a second opinion, I share the coin with other serious collectors that I do know and we compare opinions. My point is that there are thousands upon thousands of collectors like me out there that have accumulated these coins over the years and have no desire to slab them. Not being slabbed is not a sign the coin has something wrong with it. The coin having something wrong with it is a sign the coin has a problem.
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Drsandman2's Avatar
United States
1374 Posts
 Posted 04/01/2013  12:14 am  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
Looks to be artificially toned, then someone tried to get rid of it by dipping or cleaning. But no dice, this coin is forever altered.
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Billie's Avatar
United States
592 Posts
 Posted 04/01/2013  07:34 am  Show Profile   Bookmark this reply Add Billie to your friends list Get a Link to this Reply

Quote:
My point is that there are thousands upon thousands of collectors like me out there that have accumulated these coins over the years and have no desire to slab them.


My point is that there are thousands & thousands of collectors like me out there that do not have the resources, time, or knowledge of more experienced collectors.
Some of us rely on TPG's to help us not make expensive mistakes.
This is a forum for learning, & yes a rare higher end ebay coin that is questionable, not being sold by a reputable source, & not certified Is a sign of something wrong.
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Conder101's Avatar
United States
17884 Posts
 Posted 04/01/2013  08:56 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
The coin appears to be cleaned to me but I think it's genuine
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jfransch's Avatar
United States
1801 Posts
 Posted 04/01/2013  11:46 am  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
Billie
I understand your point but I take a different view, ebay is not the place to be buying an unslabbed "coin that is questionable, not being sold by a reputable source, & not certified." If you are going to be spending real dollars to buy nice coins, take the time, make the effort, join a coin club, attend coin shows and learn how to grade, learn how to detect cleaning, learn how to detect counterfeits and become a skilled collector. Develop a network of people such as is found on this forum that have those skills and trust their judgement, and yes...rely on the high end TPGs to a point, but you should always be buying the coin and not the holder. My point was merely that not being in a slab is not a sign of a problem. May I invite you please to join us on the world coin section of this forum where very few if any coins are in slabs and a good number of the ones that are get posted because the TPG messed up, often in a big way. We have very lively discussions and share our experience and knowledge in detecting counterfeits and problem coins. Come join the fun.
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