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 Replies: 11 / Views: 1,423 |
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Valued Member
United States
149 Posts |
Continuing to learn about these coins I have inherited. I have a fair few indian heads, but in basement slabs. Plan to get them graded by PCGS. Are fakes highly prevalent with these series? Will post a few pic examples. Thanks for any advice.   |
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Pillar of the Community
United States
5825 Posts |
Any coin with 3-figure or more catalog value are subject to counterfeiting.
OR
When you add in slabbers like these two you can easily end up cleaned and mis-graded coins.
Bite the bullet and submit them; get the agony over.
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Pillar of the Community
United States
3343 Posts |
Yes there are fakes in the series, and I've never heard of these slabbing companies. The MS states claimed are pretty aggressive, but if they stand up these common date coins are worth a lot. By all means submit them to NGC or PCGS. http://www.pcgs.com/News/Counterfei...mple-Returns"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Moderator
 United States
23522 Posts |
You can assume at best that these coins might be Mint State. They're more likely circulated, cleaned or damaged and possibly counterfeit. Best probability is they're cracked from legitimate "problem" slabs. The only SGS slab I've ever bought was a "MS65" 1878-S Morgan I estimated at AU53 in hand.
That 1910-S is a $100k coin in 66. Not happening. I sincerely hope you paid no more than melt for these, because they're both common in lower grades.
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Pillar of the Community
United States
1566 Posts |
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Valued Member
 United States
149 Posts |
Thank you for input. Will send to PCGS and let's see
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Valued Member
United States
172 Posts |
I've never had basement slabbed coins.
My question for all the experts here would be: do you crack these out before sending them to PCGS? Would keeping them in the crap slabs bias the legitimate graders?
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Pillar of the Community
United States
4692 Posts |
Always crack out basement slabs. The basement slab may trigger the TPG to think it's a problem coin. |
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Valued Member
United States
383 Posts |
The '32 is probably genuine, but most likely cleaned or at best, lower-mint state. The 1910-S coin is a definitely not a '66 either, and that one would cause me the most concern for an added mintmark, or other mischief. If you submit to PCGS or NGC, definitely recommend cracking them out of their current slabs.
ET
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Pillar of the Community
United States
1796 Posts |
Quote:
Any coin with 3-figure or more catalog value are subject to counterfeiting. Where that once was the case, remember...  Just be diligent. :-) |
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Pillar of the Community
United States
1247 Posts |
most likely real gold, however, both slabbers are scammers.. they usually slab their own coins only to resell them to unsuspecting buyers.
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Pillar of the Community
 United States
4594 Posts |
US Gold coins have been widely counterfeited for a very long time. The older fakes at least have some gold content (they were made from melted jewelry) - I have a pair of "US Gold Dollars" that my Grandfather bought on 47th St that came from the well known Lebanese fakes of the 70s.
-----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/ |
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Replies: 11 / Views: 1,423 |
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Posted 01/17/2015 1:21 pm
