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 Replies: 16 / Views: 2,565 |
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Pillar of the Community
Canada
5239 Posts |
I recently acquired this item, and I would like opinions on the fair market value-that is, what a dealer should fairly sell this item for. This is considering whatever defects this coin has, which includes the small and shallow divot/ punch below the word "STATES". Possibly there is some light cleaning/ rubbing and there may be a few light scratch marks. It is is hard to tell if that is normal light wear or not. The only prize for the best estimate of my buying price will be a great deal of honour and respect.   |
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Pillar of the Community
 United States
2843 Posts |
Honor and respect? I could use some of that. I say $1500
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Rest in Peace
United States
10625 Posts |
I'm not sure what it is but I know it is not an 1894-P issue. The date position is wrong for the only die pairing for business strikes. It actually does not match the proof die pairs either. Sorry for this news but I would return it right away. Here is the link to VAMworld for confirmation http://www.vamworld.com/1894-P+VAM-3 |
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Moderator
 United States
23522 Posts |
Quote:
I'm not sure what it is but I know it is not an 1894-P issue. I have the impression, looking at the 4, that it's altered from another 1890's date. Perhaps even with a mint mark removed, as that spot on the reverse looks odd. I sincerely hope you're in a position to get your money back, oriole. Not a chance that it's what it purports to be. |
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Rest in Peace
United States
10625 Posts |
My first thought was a removed mint mark but now that you mention it the 4 is rather thick.
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Valued Member
Canada
112 Posts |
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Pillar of the Community
United States
2815 Posts |
Yeah, the space around the 4 and the mint mark area is more than worrisome.
Edited by Darth Morgan
09/08/2017 7:56 pm
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Pillar of the Community
 Canada
5239 Posts |
You guys are good! thanks for your concern, but rest assured that I have not been the victim of a fake. I got it from my local dealer who knew that the date had been altered, so he sold it to me for melt value (since it was from an original Morgan). he wasn't the victim either, since the person who sold it to him told him about it. In fact he had 2, but kept the better looking one himself. I thought that it would be useful to have as an educational item. I don't know if I would have noticed it right away, as I have never seen this sort of thing, having avoided getting key date coins. It was certainly an eye opener for me. If I ever decide to get into rare dates, I will have to carefully study them before I buy.
Let me add that I wasn't trying to play tricks on all of you. I was wondering how obvious it would be if I didn't pose any leading questions. This gives me a huge amount of confidence in this community.
And, since I have your attention, are these altered dates still being made, or is this likely an older fabrication?
I have put it in a 2x2 labeled fake since I do not want anyone to be deceived, but should I do something else? Do dealers normally scan the dates as you have done looking for fakes?
Edited by oriole
09/08/2017 8:24 pm
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Moderator
United States
23522 Posts |
Oh, well played, sir.  I would think it more likely "modern" than contemporary, and without a doubt there are miscreants still churning out such work today. |
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Rest in Peace
United States
10625 Posts |
Well I'm relieved you didn't get the wool pulled over your eyes and it should be no surprise that it didn't pass the CCF sniff test...  |
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Bedrock of the Community
Australia
21786 Posts |
I am definitely NOT a specialist in this area of numismatics, but I was immediately suspicious that 'work' had been done in the date area.
Considering the highly valued opinions of others, fair value would be based as an altered coin, taking it's place in an educational 'black' collection.
Still has value as an educational fake, and a silver value as well. Thus, I seriously doubt if anyone would have the motivation to have it melted.
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Bedrock of the Community
United States
12057 Posts |
Right now the 1894 slot in my Dansco 7179 is occupied by a rogue 1894-O. This coin, although altered and damaged, would be a good fit for such a hole; imagine the look on your friends' faces when they look at the reverse and find no mint mark... Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
94367 Posts |
Besides labeling it as a fake in a 2X2, what else could you do?
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Pillar of the Community
Canada
5239 Posts |
I could deface it or scrap it for the silver content, but that seems extreme.
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Moderator
United States
23522 Posts |
Quote:
I could deface it or scrap it for the silver content, but that seems extreme.
No real need, as long as you intend to keep it in your possession. There probably ought to be a plan in place for your heirs, though, as it purports to be a US$500+ coin. |
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Pillar of the Community
United States
7390 Posts |
Frog, you can counterstamp it with a "counterfeit" gang punch. But that would require buying one.
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Replies: 16 / Views: 2,565 |
Posted 09/08/2017 7:10 pm
