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Greece 20 Lepta 1831 Genuine?

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Pillar of the Community

United States
731 Posts
 Posted 02/25/2016  6:11 pm Show Profile   Bookmark this topic Add worldnumis to your friends list Get a Link to this Message Number of Subscribers
This large thick copper piece weighs 31 grams. It is rather pricey in the catalogues, but fakes are known. Does this one look like the real thing and what grade would you give? The edge picture is the best I could do with a scanner.


Greece-20-Lepta-1831-Genuine?

Greece-20-Lepta-1831-Genuine?

Greece-20-Lepta-1831-Genuine?
Edited by worldnumis
02/25/2016 6:12 pm
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keepcalmandcoinon's Avatar
United States
865 Posts
 Posted 02/25/2016  8:37 pm  Show Profile   Bookmark this reply Add keepcalmandcoinon to your friends list Get a Link to this Reply
After looking around a bit, this appears to be genuine, but there are some red flags still. The feathers on the eagle, and the leaves on the reverse look a little suspicious. But after looking at the Counterfeits, they look pretty crude to me. This one shows wear in exact same spots of graded genuine examples sold at auction on heritage, which makes me think genuine. It'll be worth getting checked out and/or graded if you plan on buying it.
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swamperbob's Avatar
United States
5362 Posts
 Posted 02/25/2016  10:45 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
The 1831 Greek 20 Lepta appears to have been made with no fewer than 5 different die pairs (based on a very quick search). From the mintage of 2,700,000 ish coins there are likely many more expected - perhaps 20 pairs. The dies were NOT hubbed they appear to have been individually engraved. Few punches were used in die creation.

Porosity and poor planchets are rather common.

The wear indicates the dies were not perfectly aligned. Compare the strike depth top and bottom of the coin. The dies were further apart at the top of the coin than the bottom resulting in a weak strike on part of the coin.

Based on color the coin was cleaned and is re-toning. The planchet exhibits a small possible clip. The edge in the center of the clip should be compared to the position 180 degrees opposite to see if the edge detail at that point is weak.

I see nothing incorrect with the design at all given normal variation of handmade dies.

Condition would likely not be estimated by the TPGs because of the cleaning issue. Based on other graded examples I could see a grade above Fine 12 but below VF 20 as reasonable.
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Greece
20 Posts
 Posted 03/13/2016  09:27 am  Show Profile   Bookmark this reply Add vasilisfla to your friends list Get a Link to this Reply
definitely genuine, the coins from this period 1828-1831 is my passion! .there s many different types/varieties. your's is in fine condition.if you ever need any info on greek coins of this period feel free to contact me. vasilis *** Edited by Staff - Please review the rules that you agreed to when you registered. ***
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Greece
45 Posts
 Posted 03/14/2016  01:38 am  Show Profile   Bookmark this reply Add Nickos to your friends list Get a Link to this Reply
Too many varieties of that period (Kapodistrias- A Democracy).

The coin is genuine, not cleaned and not retoned.



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swamperbob's Avatar
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5362 Posts
 Posted 03/14/2016  12:40 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
Nikos I am not referring to a harsh brushing when I say it has been cleaned. I am referring to the rather minimal amount of normal circulation grime (dirt) that accumulates naturally on old copper coins. On this coin such grime is seen only on closed letters and highly protected or uncleaned areas (like the rim). Note particularly the alphas, the pi and the edge details. The edge shows extensive grime in all of the features in the picture. The surfaces show some grime but only in areas that would have required scrubbing or tooling to remove. Cleaning the edge of the coin to match the faces is rarely done and it is a good check to make sure the color and appearance is identical. To my eye the edge is darker more uniform in color. That is why I suspected cleaning in the first place.

In the 1950s it was common for collectors to use soft gum erasers to remove the grime and make the coins look "better". It was also considered permissible to oil the surfaces after cleaning to block oxygen from hitting the surfaces.

I know both are considered very bad today but 60 years ago the practice was just starting to be phased out.

The color of the coin is not correct for copper that has aged since 1831 without cleaning. The round dark spots "speckles" are usually associated with older cleanings and oilings after which the coin has re-toned possibly naturally. The round spots are traces of dirt not originally removed that reacted with the copper under the oil. It is an appearance that is common on older large cents made in the US. It is one reason why so many coins were initially rejected by TPGs as "cleaned" when the "new standard" of original surfaces came into vogue.

Changing standards is a great way to make some coins "rare" because they were never treated normally. It is one reason why I see no great value to the very high grades given by TPGs to some coins today while others are denigrated.
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United States
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 Posted 03/14/2016  3:01 pm  Show Profile   Bookmark this reply Add worldnumis to your friends list Get a Link to this Reply
Thanks everyone for your comments. I have owned the coin for approximately 15-20 years. It was purchased at a local coin show and has been stored in a 2X2 paper envelope since. If it was cleaned,it was done before then. It still looks nicer than most I've seen on ebay in similar grades.
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