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 Replies: 16 / Views: 3,595 |
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Pillar of the Community
United States
1499 Posts |
  This counterfeit 1843 large cent was displayed on the PCGS board. The person who posted it conducted a poll asking those who saw it whether or not they thought it was a counterfeit. To date there are 25 who say that it is good, and just 9 who said it was bad. Since the fact that it is bad has been revealed, that has probably dampened down the number of responses. The 1843 large cent is a common date in the series, and this "coin" appears to be circulated, and the color indicates that the toning is not natural. All of this would lead many collectors to conclude that it is genuine and therefore worthy of filling a spot in a "budget" or moderately priced collection. Unfortunately it is a highly deceptive piece of junk. This type of look, which is "too red" and features some green crud inside some of the letters, has become typical of the Chinese "antiquing" process. They are not trying to imitate a great coin; they are only copying a poor to mediocre one. That's one way to cheat small collectors, and given the low cost of producing these things, it still provides a nice income for the crooks. According the experts one of most obvious giveaways is the ridge of metal on the rim at the bottom of the reverse. This reverse has been paired with at least two other counterfeit large cent dates. Here is a link to an article that is on the NGC site which provides a more detailed discussion of this string of counterfeit large cents. https://www.NGCcoin.com/news/articl...Large-Cents/
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Pillar of the Community
 United States
3058 Posts |
Wow, that is a good fake!
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Pillar of the Community
Canada
5241 Posts |
Is it struck from a die? Any idea how many were made?
I certainly would not have thought fake upon first look.
Edited by oriole
06/20/2016 1:40 pm
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Rest in Peace
United States
10625 Posts |
Does it match a known variety or is it out there in nowhere land like most if not all counterfeit Morgan dollars? |
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Valued Member
United States
354 Posts |
Not that I support it, but it is a well done fake...
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Pillar of the Community
United States
1959 Posts |
Was the weight correct? I wander how many of these are in righteous TPG holders? |
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Rest in Peace
United States
4078 Posts |
Thanks Bill, interesting and informative post.
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Bedrock of the Community
United States
94367 Posts |
Indeed, second the motion.
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Pillar of the Community
 United States
1499 Posts |
I don't know about the weight, since I don't have it in-hand, but it was die struck. As for the variety, it does not match up with anything that is in Newcomb or the newer books. I'm no good with Nucomb numbers, so I can't help you there, but the guy who posted it went into some detail.
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Pillar of the Community
United States
1658 Posts |
Considering TPG graders spend only a few seconds looking at each coin, I'm surprised these were found at all. |
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Pillar of the Community
United States
3516 Posts |
That is a really good fake. I'm starting to worry that someday the fakes are going to get so good we won't be able to separate them from the genuine pieces.
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Valued Member
United States
297 Posts |
Hopefully only $30 loss ;aka could be far worse expensive fakes
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Valued Member
United States
344 Posts |
Sadly as the quality of technology and the ability to obtain it increases, the counterfeits will improve to be indistinguishable from genuine coins.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Any idea how many were made? They are probably still making them. Quote:Considering TPG graders spend only a few seconds looking at each coin, I'm surprised these were found at all. According to the article an 1840 and 1857 with the same reverse were sent in by the same person. The grader probably looked at them one right after the other and the identical large flaw on the reverse of both probably caught his attention. If they had been sent in separately they may have gotten by them. Once they knew about the fake reverse it was easy to keep an eye out for it. You will notice the flaw on this 1843 is nowhere near as prominent as on the 1840 and 57 from the NGC article. The counterfeiter has either done some work to the die, or they have made so many fakes the flaw is fading. |
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Pillar of the Community
United States
4409 Posts |
Most of the reference books on the varieties of the late date large cents are expensive. Most beginners and casual collectors may own a Red Book and think this is all that is needed. Not everyone can afford or is willing to spend $100+ to get these works. Add in the fact that the late dates are harder to attribute without good pictures, magnification, etc. To sum it up, the average Joe/Josie buying coins on ebay knows they want an 1840 cent. He/She finds one, buys it and puts it in their collection. They are unconcerned about why one looks different than another. Edited by MeadowviewCollector
06/21/2016 2:53 pm
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Pillar of the Community
United States
1748 Posts |
It's getting where you will have to know die varities intimately on the early coins to detect the fakes.
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Replies: 16 / Views: 3,595 |
Posted 06/20/2016 1:01 pm
