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Straits Settlements, East India Company

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United States
18 Posts
 Posted 01/28/2018  9:34 pm Show Profile   Bookmark this topic Add bclift to your friends list Get a Link to this Message Number of Subscribers
Taking a break from US coinage and been wanting to dip my toe in the world coinage waters in which I have absolutely no experience with. Straits Settlements coinage with Victoria profile have caught my attention as well as coins with the East India Company coat of arms on them. Looking for any advice from the pros. I know I'm talking about a very broad subject and I'm still zeroing in on a group to collect, but I'm concerned about counterfeiting and other pitfalls. Thanks in advance!
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moxking's Avatar
United States
17900 Posts
 Posted 01/29/2018  07:26 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
You can avoid almost all counterfeit coins by purchasing NGC or PCGS certified. It rarely costs more and by buying them already TPG'ed you avoid the other hazard, which is cleaned coins.

The less able you are at grading the more sense TPG make.
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scopru's Avatar
United States
5029 Posts
 Posted 01/29/2018  08:07 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply




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cableguy815's Avatar
United States
414 Posts
 Posted 01/29/2018  1:38 pm  Show Profile   Bookmark this reply Add cableguy815 to your friends list Get a Link to this Reply

Quote:
It rarely costs more and by buying them already TPG'ed


You're usually spot on Mox but I must disagree strongly with that notion. Slabbed coins usually carry a substantial premium (for many obvious reasons) than unslabbed ones.
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jgenn's Avatar
United States
1156 Posts
 Posted 01/29/2018  9:59 pm  Show Profile   Bookmark this reply Add jgenn to your friends list Get a Link to this Reply
TPG's are much better at grading than authenticating -- after all they only look at the coin for a few minutes. Their guarantee is of value but it won't protect your full investment if you overpaid so you need to research the price range for recent auctions. Heritage Auctions has past auction archives -- study the prices and build a collection of certified coin photographs for future comparison.

I agree that buying NGC or PCGS (possibly ANACS) certified coins is safer. If you want to buy raw, make sure you check the older posts in this forum for Straits Settlement coins that have been looked at for authenticity questions.
Edited by jgenn
01/29/2018 10:05 pm
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sel_69l's Avatar
Australia
21788 Posts
 Posted 01/29/2018  10:24 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Straits Settlements Victorian silver in higher grades can be quite pricey. I understand your need to identify high quality fakes.

When it comes to authentication and grading, stick with the CCF.
You will definitely increase your grading skills, if you contribute to the grading threads.
Best to say WHY you think a particular coin should be graded the way you think it should be. Others may disagree; that is how you learn. That has been my experience, anyway.

A bonus:
When looking closely at a coin picture, you also learn to find indications that a coin may be a fake, or a different variety or an error. Also works with ancient, hammered and milled coins.
Edited by sel_69l
01/29/2018 10:31 pm
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