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Copper Reverse Of 1911 Venezuela 5 Bolivares

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Valued Member
OLCoins's Avatar
United States
397 Posts
 Posted 10/30/2013  11:43 pm Show Profile   Bookmark this topic Add OLCoins to your friends list Get a Link to this Message Number of Subscribers
Anyone seen anything like this before? I just got it at an auction and written on it's holder was "1911 Venezuela Shell"

Copper-Reverse-Of-1911-Venezuela-5-Bolivares

Copper-Reverse-Of-1911-Venezuela-5-Bolivares

Copper-Reverse-Of-1911-Venezuela-5-Bolivares
Pillar of the Community
Australia
3831 Posts
 Posted 10/31/2013  01:54 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
That looks potentially like a pattern / test but I'm not an expert in this field.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Pillar of the Community
United States
1666 Posts
 Posted 10/31/2013  03:10 am  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply
It appears to be a trial strike as gxseries noted. By he look of it the quality makes it seem legit. I would send it for certification, if it passes you have quite a gem on your hands. The market for Venezuelan numismatics is quite strong.
Edited by Numismat
10/31/2013 03:10 am
Valued Member
OLCoins's Avatar
United States
397 Posts
 Posted 10/31/2013  12:19 pm  Show Profile   Bookmark this reply Add OLCoins to your friends list Get a Link to this Reply
Numismat,

Do you mean get it certified as to send it to a TPG?
Pillar of the Community
United States
1962 Posts
 Posted 10/31/2013  3:19 pm  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
Ditto everything Numismat said... and the shield does look exact and proper. Compare to this similar (though earlier) trial for a Santiago Chile colonial 8R from just yesterday in the Sedwick auction:

http://www.icollector.com/Santiago-...13_i17425483
Valued Member
OLCoins's Avatar
United States
397 Posts
 Posted 10/31/2013  4:15 pm  Show Profile   Bookmark this reply Add OLCoins to your friends list Get a Link to this Reply
How many of these were made?
Pillar of the Community
Australia
3831 Posts
 Posted 10/31/2013  11:11 pm  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
It would be unlikely to have a mintage of such pattern.

The important thing is to verify the authencity of this piece that you have.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Valued Member
OLCoins's Avatar
United States
397 Posts
 Posted 02/08/2014  01:06 am  Show Profile   Bookmark this reply Add OLCoins to your friends list Get a Link to this Reply
I am currently selling this coin at auction on ebay uncertified. Here is the link in case anyone is curious
http://www.ebay.com/itm/1911-Venezu...em27de46fb91

I think it's an understatement to say it's going better than I imagined.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 02/08/2014  01:13 am  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Oh my! Great pick

This probably could have been certified... but I am very glad for your hugely enriching auction. Once it sells and ships, care to let on how much you made?
Pillar of the Community
United States
1666 Posts
 Posted 02/09/2014  04:42 am  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply
Congrats, that price is in line with how the Venezuelan numismatic market is for such rarities. Though you probably could have gotten a couple grand more if it were in a PCGS slab. There would have been no problem getting an MS-65 grade on it.
Valued Member
OLCoins's Avatar
United States
397 Posts
 Posted 02/09/2014  12:15 pm  Show Profile   Bookmark this reply Add OLCoins to your friends list Get a Link to this Reply
Thanks. I thought it would be around $500 on a good day.
The thing is, I did send it to PCGS, they called it Genuine but they wouldn't put it in a holder for some reason. If I knew it was worth this much I would have sent it to NGC or gotten a reason from PCGS.
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United States
1666 Posts
 Posted 02/10/2014  12:21 am  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply
Yea the TPG's can be funny when it comes to the more esoteric stuff. But either way congrats on the big haul. :)
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sel_69l's Avatar
Australia
21788 Posts
 Posted 02/10/2014  01:26 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I WOULD NOT ebay this piece, unless you really needs lots of money.
There is a great risk that the ebay market will not appreciate it's potential value, or those who do recognize it's value will not be lucky enough to see it offered.

It really should have gone to formal specialist numismatic auction, where the correct numismatic market would have more easily found it.
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