Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer Coin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors Shop for APMEX Bullion on eBay!300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Chop Suey

To participate in the forum you must log in or register.
Author Previous TopicReplies: 2 / Views: 959Next Topic  
Valued Member
Pistareen's Avatar
United States
309 Posts
 Posted 02/24/2015  9:40 pm Show Profile   Bookmark this topic Add Pistareen to your friends list Get a Link to this Message Number of Subscribers
Here is a 1778 Charles III, Mexico, eight reales with assayer "FM," that sorely taxed the oriental banking houses among whom it bounced like a bad sou, each time getting axed a little more, until you have the sorry specimen seen today. What do you suppose the story really is? Is it good or counterfeit?

Chop-Suey

Chop-Suey
Pillar of the Community
United States
1666 Posts
 Posted 02/24/2015  10:28 pm  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply
Merchants added their chops to quickly identify the coin if they came across it again, to save time on testing it for being good silver. That would suggest a genuine coin that circulated for a long time.
Pillar of the Community
swamperbob's Avatar
United States
5362 Posts
 Posted 02/24/2015  10:53 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
At times, counterfeiters and forgers have both used chops to obscure problems with their work - however, in this case, I tend to agree with Numismat.

Typically forgers (making numismatic fakes) leave the date, mint and assayer clear so that the coin sells as a distressed rarity. This example damages all three elements and the coin - 1778 Mo FM - is NOT A RARITY. The margin at sale is too low to justify a silver forgery so unless the coin is NOT silver there is no justification as a forgery.

On the other hand, counterfeiters (making fakes to circulate) tend to use chops in a more random way to authenticate their work. They pre-chop their work in hopes of avoiding other tests. After too much damage Portrait 8 reales lost their premium value (at least in China) so a portion of the incentive for counterfeiting was lost by over-chopping their work.

So a heavily chopped common date 8R is unlikely to be a fake unless it is largely base metal.
  Previous TopicReplies: 2 / Views: 959Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.23 seconds to rattle this change. Forums