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Potentially Fake Rare Liberian Silver 50 Dollar Coin

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New Member

South Africa
9 Posts
 Posted 02/14/2014  06:23 am Show Profile   Bookmark this topic Add Cape Town Coins to your friends list Get a Link to this Message Number of Subscribers
Hi everyone

We recently acquired a large Liberia 50 Dollar 2001 coin. In 2001, 2000 copper 10 Dollar coins were made (weighing 770 grams each, book value $225), and 500 silver 50 Dollar coins were made (weighing 907 grams each, book value $1100). Both coins are 10 cm in diameter and depict the Princess Louisa ship that wrecked in April 1743 off the coast of Cape Verde.

However, there seems to be a few problems with our 50 Dollar coin:

1. It weighs only 788 grams, not 907 grams.
2. The encased fob coin is supposed to have been recovered from the wreck, but ours is part of a South African George VI Penny (1937 to 1952).
3. We have seen 4 of these coins in Cape Town in the last 6 months, although I don't know if the other coins had similar problems.

Has anyone on this forum perhaps come across any communication regarding fake Liberia 50 Dollar coins being produced? Or that someone used the 50 Dollar mould and created a copper version of the silver coin? The coin that we have was bought in the UK a year ago. We are not sure if our coin is silver, as the coin has no markings and we don't want to use any acid on it.

Please see pictures below:



Potentially-Fake-Rare-Liberian-Silver-50-Dollar-Coin

Potentially-Fake-Rare-Liberian-Silver-50-Dollar-Coin

Potentially-Fake-Rare-Liberian-Silver-50-Dollar-Coin
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Sap's Avatar
Australia
16827 Posts
 Posted 02/14/2014  08:11 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
The use of a (piece of) a South African coin indicates these coins are at least being assembled locally, if not actually made locally.

I don't know which mint made the "genuine" coins and I'm not entirely convinced of the "legal tender" status of the genuine coins; I'm always skeptical of any coin claiming to be "legal tender" while coming from a country that is in anarchic civil war. Still, I would assume that the coin is an outright fake, rather than some kind of mint sport.

I assume you've tried a magnet on it?
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
New Member
South Africa
9 Posts
 Posted 02/14/2014  08:33 am  Show Profile   Bookmark this reply Add Cape Town Coins to your friends list Get a Link to this Reply
The coin is non-magnetic. As far as I know, these coins were originally issued in a wooden box as collectors' items, hence the high book value. I'm not sure where they were minted. I know China produces replicas of many collectible coins, but it seems like quite a lot of work to create a fake of this coin (size, glass window).
New Member
South Africa
9 Posts
 Posted 02/27/2014  07:54 am  Show Profile   Bookmark this reply Add Cape Town Coins to your friends list Get a Link to this Reply
Just an update on my investigation into this coin.

I took the coin to a local precious metal refinery, and they used a small x-ray machine to determine the metal content. The coin is a fake, and is made of copper-nickel. One recently sold on our local auction site (www.bidorbuy.co.za) for about $700...
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