| Author |
Replies: 7 / Views: 1,333 |
|
|
Valued Member
United States
179 Posts |
1. But ONLY TPG graded coins. 2. Buy ONLY TPG graded coins. 3. If you decide to not do this...3. Raw dollar gold is a Minefield. 4. But a few books, Lonesome Johns counterfeit book and Bill Fivaz's book on counterfeit gold. 4. COMPARE images to Heritage Archives, PCGS coinfacts or another unimpeachable source. 5. The girl will look "dead". Hard to phrase this better but she looks all wrong. 6. Weight and diameter are often close but incorrect. 7. Dentils may show spikes or protrusions into the fields. 8. Letters may be to broad and have "rounded" corners or edges . 9. The bust and devices will have exactly the same surfaces without a crisp break from device to field. 10. The coin will look MS or very high AU but lack subtle nicks, scratches and wear patterns correct for grade. ~~~~. There are many other ways to tell, but you'll need lots of time viewing both genuine and fakes. A true pro can, believe it or not, tell fake gold by a glance.
|
|
|
|
Bedrock of the Community
Australia
21786 Posts |
Even the experts can occasionally be fooled by excellent fakes, in good gold. I suspect that a TPG slabbed coin is only as good as the slabber, let alone fake slabs, the coin contained therein also fake. This situation should NOT happen but it does, if only very rarely. The coin cannot be examined in great detail unless the slab is broken. You have no choice but to entirely rely on the TPG, however good or bad they are. THe rest of the advice is fine, except that I would also advise that is is MUCH better to only buy from a reputable dealer, or you can prove that it has come through such a source.
|
|
Pillar of the Community
United States
3453 Posts |
Quote: unimpeachable source You bring up some many excellent points. IMHO, there is no such thing as the above. Education is the key to protecting yourself and part of that education is learning that even the experts are wrong. Two cases come to mind:
- A wrongly attributed 1917 dateless Standing Liberty quarter - it was in a 1916 slab. This was discussed on CCF within the last year
- The last 1913 V nickel was "rediscovered" after Mr Walton's car accident. The family took it to experts and were told it was not authentic. Years later, it was revisited and the experts said "Oops" (well not so much that but you get the picture)
|
|
Valued Member
 United States
179 Posts |
Well if you can't trust "experts" then your only alternative is to exceed their combined levels of expertise. Good Luck on all that.......
|
|
Valued Member
 United States
179 Posts |
Also get Dave Bowers book on Gold Dollars, part of the Whitman series. He breaks down each year and mintmark. This book is essential collecting these coins. Unlike many federal issues, these changed over the years and some features that may appear "wrong" on certain issues are actually a hallmark. It is a fun but dangerous series to collect. Been there,done that.
|
|
Pillar of the Community
United States
3453 Posts |
I think you misunderstood what I was getting at - no-one is infallible and even experts have off days. To say that there is one impeachable source is not doing a service to those entering this hobby. You have some excellent suggestions (as I had stated) so good luck to you as well.
Edited by CoinsKelly 10/06/2013 09:57 am
|
|
Valued Member
 United States
179 Posts |
I understand what you're saying. IF you can show me a counterfeit gold dollar in a TPG slab I'll send you a $50 gift certificate for Chilis. It simply dosent happen. One of the greatest and most important part of the TPG system is detecting counterfeit gold. Also, Comparing a few Heritage auction archive photos of a certain gold dollar that shows a slanting five in the date for instance.... should certainly be taken as word of Law when you compare it to fuzzy photos of a raw gold dollar sold on ebay by Joe Schmoo which clearly shows an upright five. It's so so so easy to fool yourself on ebsy and talk yourself into a piece of Junk made in Lebanon twenty years ago. Those coins are tough, get what help you can and DO trust the TPGs. I guarantee you, I can go onto ebay any day and locate a fake gold dollar. I collected this series with great verve some years ago and was burned early on by a fake 1850 and a fake 1865. I learned. I learned many of these ARE so darn good without loupes and photography it would be impossible to detect these to a past era collectors. None of these "good" fakes are contemporary counterfeits, meaning unlike fake English halfpence or 2 Real pieces, these never actually "circulated". That in itself is a Great way to avoid fakes, buy well circulated coins that show wear marks, nicks, worn reeding and "XFish" lack of luster. ~~~~. I don't want to stir a hornets nest but seeing all these raw gold dollar posts makes me want to offer some concrete help and advice. Return policies are "great" but arguing with a seller fake/real just isn't worth the effort. Armed with the books, Internet archives, and TPGs can stop these fakes dead on their tracks, or at least stop them from becoming YOUR problem.
|
|
Pillar of the Community
 United States
4591 Posts |
IF you are going to do this a lot, buy a 0.01 or better a 0.002 gram scale. Under $100 (so one fake and you are even) ( http://www.oldwillknottscales.com/j...svg20.html).The weights and standards are known by date. See section 10 of this: http://memory.loc.gov/cgi-bin/ampag...b&recNum=173, so your Eagle should weigh 258 grains or 16.718 grams and your dollar 25.8 grains or 1.672 grams. If you read among the acts, they don't define tolerance per se, but that only coins of full weight are accepted at full value. Now reality is that there will be slight variations. But unless somebody is making fakes out of gold plated tungsten, the weight will be off by enough for you to measure.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
|
| |
Replies: 7 / Views: 1,333 |
|