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1843 Mexico City 8 Reales Counterfeit?

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Lucky Cuss's Avatar
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 Posted 02/28/2017  10:16 am  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply

Quote:
LC, do you have a system for collecting these, or a goal that stops somewhere short of 1,103 coins?


Not to hijack the thread, but since the question was asked...my "system" is as they on occasion come to my attention, to buy those examples that appeal to or just intrigue me (provided the price isn't outrageous, which it is all too often nowadays). I'm not by inclination a "hole filler" and have no illusions of being able to assemble even a semi-complete set of the type.

Colligo ergo sum
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 Posted 02/28/2017  12:32 pm  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
Wow... The Santiago is legit. Very good fortune to stumble onto (and good foresight, in retrospect, to buy) such a piece all those years ago!

If it ever gets a mid-life crisis & longs for the embrace of another after its 25+ years living with you... turn your message function on :->.
Edited by realeswatcher
02/28/2017 12:47 pm
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 Posted 02/28/2017  12:40 pm  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
Just one note about complete runs and such... Yes, a complete set of Cap & Ray 8R would be an achievement... I would venture, though that with deep enough pockets and not being super picky about matching condition it could be done, as they do find their way to auction.

GOOD LUCK, though, trying to put together a set of, say, 1R or 2R... Some of the obscure date/mint combos don't carry the price tags or visibility of their sexier 8R big sisters... but it might take two lifetimes to find them.
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jgenn's Avatar
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 Posted 02/28/2017  9:38 pm  Show Profile   Bookmark this reply Add jgenn to your friends list Get a Link to this Reply
realeswatcher said:

Quote:
Wow... The Santiago is legit. Very good fortune to stumble onto (and good foresight, in retrospect, to buy) such a piece all those years ago!


Are you suggesting that coin is authentic based on those blurry photos, with no information on weight, SG or even seeing the edge?
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 Posted 02/28/2017  11:24 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
The 1788 So DA 8 Reales is a rather rare coin. Based on just these pictures, I am very uncertain that this coin can possibly be real.

There are a few reasons for my uncertainty. First no weight or density has been provided. Second no view of the edge has been provided either - without any reference to overlaps. The third issue, as I see it, are punching anomalies present on this coin - specifically the incorrect Fleur-de-Lis and the assayer initial which has lost the top of the letter.

The 1788 is a rare coin. I have been able to examine two examples that simply look different than this particular coin. One was from the Heritage archive.

1843-Mexico-City-8-Reales-Counterfeit?

The alignments and punches employed are simply not the same on both coins. The lettering circle is too close to the dentil circle and the individual letter alignment which is normally very good at Chile is awful on this particular coin. Words drift from side to side within the circle and seem sloppy in comparison to the Heritage example. This poor alignment makes me suspect it may not be genuine. In addition compare the Fleur-de-Lis shapes and sizes - they are different. The shield outlines itself seem much heavier and individual punches Castles, Lions and pomegranate may not be identical.

Better pictures would clearly help.


1843-Mexico-City-8-Reales-Counterfeit?


I would not be too quick to declare that this coin is genuine.
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 Posted 03/01/2017  10:29 am  Show Profile   Bookmark this reply Add thous to your friends list Get a Link to this Reply
Uh-oh...late yesterday I read Realeswatcher's post and was very happy. Then this morning I read Swamperbob's post and am very concerned.
I bought the coin more or less by mistake and I have no immediate intention of selling it, even though I think it would be worth a lot were it genuine. I would like to know for sure though, since I can't "take it with me" and so it will eventually end up with someone else. I will try to get the best possible pictures I can for more feedback.

Swamperbob, what should the edge design look like and what are overlaps? I have a difficult time with good pictures, obviously. Do you have something I can see? I like these coins but I'm just not very well-versed.
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 Posted 03/01/2017  11:51 am  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
"thous" or anyone else reading... search through the archived messages for lots of detailed posts discussing the proper characteristics for Colonial mint portrait reales coinage. Note that there are slight variances for each mint and sometimes from period to period within the same mint's output. No need to rehash the basics over and over and over in threads like this.

It's certainly required to know all of that if you are to proceed with collecting this coinage, but frankly speaking... Understand that a crash-course in general information about this type is simply not sufficient to get you to where you can be confident in the authenticity of something like a Santiago Char. III 8R from your own evaluation.
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 Posted 03/01/2017  12:21 pm  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
Yeah, I know, right? Should have asked if it was magnetic, too.

Now, right off the bat, I understand we must completely ignore the common sense observations that the piece visually "looks" honest to the experienced eye (perhaps excepting the toning)... and was a 25+ year ago purchase, back in a time when well-worn 1788 Chile 8R was not what it is in today's market - let alone as a random "in the wild" local U.S. shop find.

So, just looking at the details of the coin (does it jive w/known pieces... or is it even plausible for a Santiago emission):

-- Regarding the purported, um, typical neat Santiago legend character alignment (!!)... On the NGC62 piece, this phenomenon is particularly observable in the most obvious part of the legend - the date. Note how perfectly those two "8"s are punched...

There is variance on the reverses here as pointed out, but I looking at Santiago output in general, I don't see this being any kind of valid litmus test.

-- The NGC62 Bob is showing and this piece clearly have different reverse dies... and **I THINK** diff. obvs as well.

So what? Are we to assume that ALL of the 1788 Chile 8R HAD to come from one die pair? Some familiarity with the Santiago Char.III output is required here... Now, I don't know where they got those figures (Carlos J.?), but per what Krause shows, the 1788 was - as is the case for the other denominations - a highwater mintage for the Charles III pieces. Now, there is indeed a dearth of 1788 8R in recent searchable auction archives - esp. compared to the comparable-mintage, per Krause, 1787. However, knowing how relatively plentiful Chile 1788 1R and 2R are in the market compared to the other 1780s dates (4R as well, though all in lesser quantities)... those Krause mintage figures seem grounded in reality. So, perhaps the lack of 1788 on the market in recent auctions may be due to a meltdown event, or perhaps it's just a fluke... IDK, but I think it's certainly conceivable that enough could have originally been struck to justify several die pairings. ***SEE BELOW!!

-- Now, if how different the style of punch placement on these two specimens seems to be concerns you... yes, somewhat curious, but it was a lower-output mint and things weren't always beautifully standardized. Look through some of the 1787 pieces out there, esp. the reverses... similar variance in how close to the rim the legend writing is.

Overall, I see more than enough confirmation in terms of typical die/strike characteristics observed on Santiago 8s of this period - combined with the surfaces present - for my own personal satisfaction. I don't feel the need to go into such specifics on a public forum... some thorough study/comparison of the Charles III/trans. C-IIII w/C-III portrait 8R that are out there should be informative if you're that serious about Santiago 8R. As a vague example of what to look at... the most overt design element of the coin is absolutely normal style for 1780s-90 Santiago 8R.

Beyond that, not that I personally needed to have this confirmation, but see below for what serves as fairly good validation of this coin's reverse:
1843-Mexico-City-8-Reales-Counterfeit?
1843-Mexico-City-8-Reales-Counterfeit?
1843-Mexico-City-8-Reales-Counterfeit?

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 Posted 03/01/2017  9:04 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
The variance in the details of the small punches that were used to create the reverse working die could very well be a valid litmus test. I am not postulating only ONE die pair for the mintage. I was trying to point out that the Matrix block set of punches should represent only ONE punch style for a given year.

Matrix blocks were hardened steel blocks with each of the details of the 8R engraved into the block. These blocks were prepared in Spain not the colonies. The block was used to standardize the coins made in each mint. There were minor variations from mint to mint because the blocks were NOT identical at the outset.

The punches used to make working dies were made by driving softened steel rods into ONE detail on the matrix block. This created a punch that could be hardened and then used to add that one detail to a working die. That way the same Castles, the same Lion, the same pomegranate, the same crown, etc. etc. would appear on each of the working dies. Knowing what each of these small punches contained is critical to authentication of an 8R by using the details present in a photograph alone.

Now,what I really meant to convey was that because there are variations in the matrix punches used to create the working dies for the worn 1788 (thous coin) and the Heritage 1788, that I am suspicious that one of the coins is not genuine. I asked for all of the physical parameter checks we normally gather before making any statement as to authenticity.

realeswatcher You are actually postulating that in 1788 there were two sets of punches made from different matrix blocks employed at Santiago. While that may in fact be the case, it must be supported by clear evidence of authenticity for both styles. Having two matrix blocks is not at all normal at any Spanish Colonial mint. Variations of the matrix block type are often seen in the smallest branch or provisional mints because those mints often had NO matrix blocks for standardization. They made needed punches without a standard pattern.

The Fleur-de-Lis design in the central oval was made by a single punch which was created directly from a three fleur pattern engraved on the matrix block. The 8R type with the open top D assayer initial (the worn 1788 belonging to thous) uses a different sized Fleur and a different arrangement of the three fleurs. It becomes obvious when viewed side by side. In addition the 1788 posted by realswatcher also with an open top D uses the same fleur pattern.

1843-Mexico-City-8-Reales-Counterfeit?

In addition to the fleurs the outline of the shield and the central oval are different. The shield outline is heavier on the open top D and the central Oval is clearly a different shape and height. Yet I would point out that each of these features is actually an element on the matrix block and that punches used to make dies must match the matrix block.

I would also suggest looking very closely at the castles on the open D coin and the others seen in Calbetto and on Heritage. There are two styles so until we get a complete picture of the physical parameters I remain suspicious.

I asked earlier about the edge design to see if it looked reasonable. Sometimes the edge design shows when a photo is taken of the faces of the coin. The thous coin is too blurred to learn much about the edge. However, there are clues on the realeswatcher example. The circle rectangle design can often be seen as marks on the edge that follow a pattern representing the circle - rectangle spacing.

1843-Mexico-City-8-Reales-Counterfeit?

This spacing makes me wonder if the design is standard or not. When enlarged it appears that the spacings of the segments are not identical.

So I think we still need to see the edge of one of the open top D coins.
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 Posted 03/01/2017  9:18 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
thous The edge of these coins was applied to the blanks BEFORE the coin was struck.

The design used was a circle and rectangle pattern. These features were cut (punched) into a grooved straight piece of die steel. The groove was roughly the width of an 8R. Each die was made using punches that contained 3 elements two rectangles and a circle in between them. Spacing of the edge pattern was maintained by placing the punches with ONE rectangle overlapping. That way the pattern stays straight and the circles remain round. All of the sides of the elements were matching thicknesses.

Two of the flat dies were used. One was fixed to a table surface and the second was mounted on a mechanism that moved parallel to the fixed bar. The bars gripped the blank tight enough to add the design to opposite sides of the blank at the same time. The movable bar was rolled along (cranked under great pressure) parallel to the fixed die and the coin blank rolled along adding details to the opposite sides. After 1/2 revolution the edge is complete and the pressure has upset the rim creating a planchet. The coin is rolled just over 1/2 the circumference and the dies lost their grip allowing the completed blank to drop into a basket below. There are always two areas of overlap that occur exactly opposite one another. These overlaps are the identical length. That is what you need to look for.

Counterfeit edges often have circles that are flat sided because the rectangle slightly overlapped the circle punch. A genuine coin will not show flat edge circles. Also any change in the alignment has to occur NOT at a circle but at a rectangle.
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 Posted 03/02/2017  11:43 am  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
Bob, quickly... to keep things really, really simple here for a minute:

The Aureo piece I posted above (the middle photo in my post) pairs the obverse die of the NGC62 piece with the reverse of thous's piece.
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 Posted 03/03/2017  12:22 am  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
The question remains - is the mule of the two styles genuine? It may be. It could also be a mule made by a forger. We still need the same facts to decide.
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 Posted 03/03/2017  11:48 am  Show Profile   Bookmark this reply Add thous to your friends list Get a Link to this Reply
Hello everyone and thank you for all the effort you're putting into this for me!
My name is Tim by the way.

I was able to take better pictures of the coin but I'm having trouble uploading them for some reason. The reverse pictures are really nice. One of the pictures shows the repunched H in HISPAN and one shows the die crack running along the top of the R and D. That seems to clearly show that the reverse die on mine is the same as the one Realeswatcher calls the "Aureo" piece.
I'm actually a little skeptical that my obverse die is the same as Swamperbob's picture from NGC. That coin has what appears to be a die crack running along the top of GRATIA, while mine has a die crack running along the bottom of GRATIA. I also think that the date just seems to be laid out a little bit differently.

Swamperbob, I really appreciate your explanation of the rim design. I have some decent pictures to show you. I can make out the rectangle-circle pattern, but there is some deformation/wear/damage around the rim so it's just not real clear (to me anyway). I stacked the coin between two Mexico City 8 Reales coins that I GUESS are real, and the rim does not look nearly as nice as it does on those two coins. I'll try to show a picture of that comparison as well.

I'm putting these observations down now so that I don't forget anything when I finally get the pictures figured out.

I hope this weekend to stop into the coin dealer in town and ask if he will weigh it for me. This is NOT the guy that I bought it from.
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 Posted 03/03/2017  2:11 pm  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply

Quote:
I hope this weekend to stop into the coin dealer in town and ask if he will weigh it for me.


I'd highly recommend that you purchase a digital scale that weighs out to the hundredth of a gram. These are readily available on ebay as cheap as in in the $10 range. I know Bob will disagree with me on this, but my experience is that despite their having become so inexpensive, it's gotten to where they can still be impressively accurate.

Colligo ergo sum
Edited by Lucky Cuss
03/03/2017 2:14 pm
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 Posted 03/04/2017  12:11 am  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
The best available scale for the dollar spent is, in my opinion, the all mechanical Ohaus Cent-O-Gram 311g capacity 4 beam balance with the free arm support which is good for both weight and Specific Gravity. This scale is good for S.G to the 0.1 level. To get better results than that you need a cased analytical balance accurate to 0.001g - nothing less will do.

The Ohaus is the typical College level laboratory scale. This model is a 4 beam balance and reads directly to 0.01 gram and can estimate to three decimal places. It is critical that with any scale that you confirm zero and repeatability every time you weigh anything. This scale is adjustable to make that easy.

All scales come with an inherent "accuracy level" that must be understood properly. Most digital scales are accurate to only about 2% of the total weight being measured. If you are buying raw silver a 2% accuracy might work fine. The difference works out to +/- HALF a gram for a typical dollar coin and that represents roughly +/- 25 cents at present silver prices. So if you are comfortable with a price that could be 25 cents high or low - you have an acceptable scale.

However, if you need better accuracy or wish to do Specific Gravity tests you need to do much better. The Ohaus scale is typically accurate to something better than 0.01g for a dollar sized coin. That in turn is better than a 0.02% accuracy or about a quarter of one cent for a dollar coin. Much better than 25 cents.

This accuracy level gives a Specific Gravity reading with a precision (scientific notation) of 0.1. So a result of 10.3 for SG means "somewhere between 10.25 and 10.35". This in turn translates to a fineness between 870 and 920. This accuracy is good for detecting about 99% of counterfeits and forgeries you will encounter.

I also suggest using different scales for different tasks. DO NOT USE ONE SCALE FOR ALL PURPOSES. Typically a scale works most accurately near the center of the weight range it was made for. So large capacity scales used to weigh bulk coins will actually be less accurate when attempting to weigh a single coin or a batch of coins near the upper limit of the scale's capacity.

A good rule of thumb is to NEVER use a scale intended for Specific Gravity to weigh anything more than a single coin.

So what does this scale cost?

There is a new version of a Walter scale which I have never used but seems to match the Ohaus. https://www.amazon.com/dp/B00LOVPVWG?psc=1

A band new Ohaus scale of this type costs $ 215. See Amazon Prime: https://www.amazon.com/Ohaus-Cent-O...JZNCR2MNM342

On ebay there are many examples. Nearly new:

http://www.ebay.com/itm/Ohaus-Cent-...282179417708

Used but serviceable examples are much cheaper. For example:

http://www.ebay.com/itm/Ohaus-Cent-...162416087108

The difference between a new and used scale would be the ability to accurately estimate the third place decimal (and repeat the test 3-5 times without any drift). Even used this scale is fine for what you need to do to get a 0.1 level specific gravity determination for a dollar sized coin. For that reason it is accurate enough to detect 99% of counterfeit types.

They key element found on the Ohaus scale is the free arm support pan which you need for SG. Personally, I do not like the Dial-a-Gram type of the same model scale because the spring can stretch rendering the scale un-usable after only a few hundred uses. Make sure you get the stainless steel pan that comes with the scale to avoid having to make an added weight to compensate for the loss of this pan. I also suggest that you avoid older scales because of the knife edge - the balance pivot which can corrode or wear with long term use. So I would also pass on any scale with visible corrosion.

This type scale is better and will last longer while retaining accuracy better than any of the inexpensive digital scales.

Digital electronic scales are fine for determining weight.

So Lucky Cuss I agree with you that one of the cheaper digital scales is fine for the task at hand. I have several scales like this and usually travel with one. I use them to weigh every coin when I first see it. However, I also expect to replace these scales every few months because they eventually drift.

The problem with digital scales is that after a period of time - the weights displayed start to drift. The same weight for one coin can not be repeated time after time. I have tried using better grade electronic scales that sell for up to $ 50. These are good for an average of about 2-3 years. They work fine for weight determinations but will suddenly fail with no warning. They can not be repaired.

Last week, I was weighing a lot of dollar sized coins that came in the mail and as I always do, I confirmed the weights by doing the group of 10 coins twice. After the second run through, I noticed that the weights for the same coins varied. I changed batteries and the results of the 10 coin double run were different once again. Then I tried weighing same coin 10 times in rapid succession and the weight varied by as much as 0.2g in both directions. This is typical of the sudden failure of electronic scales. This particular scale lasted over three years, so it was a success from a cost perspective.



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