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1893 S Morgan Dollar On Overstock Current Bid $51

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fasteddie's Avatar
United States
96 Posts
 Posted 06/01/2008  12:02 pm Show Profile   Bookmark this topic Add fasteddie to your friends list Get a Link to this Message Number of Subscribers
Currently the bid is about $51 with 9 hours to go...a fake?

Your opinions please!

Link:http://auctions.overstock.com/VERY-...tem/43868267

Thanks
Edited by fasteddie
06/01/2008 12:04 pm
Valued Member
Pennypusher's Avatar
United States
486 Posts
 Posted 06/01/2008  12:41 pm  Show Profile   Bookmark this reply Add Pennypusher to your friends list Get a Link to this Reply
Have you read the description? Even the seller thinks it could be fake. I think its a fake too. -PP
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TLS5933's Avatar
United States
1703 Posts
 Posted 06/01/2008  12:42 pm  Show Profile   Bookmark this reply Add TLS5933 to your friends list Get a Link to this Reply
Many things don't look correct about this coin. The first being the "3" in the date has a semi-pointed bottom loop. Coin looks very grainy & pockmarked. The seller has small pictures with no pictures of the full coin. I have to wonder why they would intentionally cut off parts of the coin in the pictures.

If the seller actually thought this was a real 1893-S morgan, I think you would be seeing full, indepth pictures.
My opinion is that its a fake.

Old adage applies. "If it sounds to good to be true then it probably is"
Valued Member
fasteddie's Avatar
United States
96 Posts
 Posted 06/01/2008  12:47 pm  Show Profile   Bookmark this reply Add fasteddie to your friends list Get a Link to this Reply
yes I read the description...and am sure it is fake as well....it will be interesting to see the greed factor in this auction!
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KurtS's Avatar
United States
5318 Posts
 Posted 06/01/2008  5:46 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
That doesn't even pass the most cursory of diagnostics.
I don't collect this series, but just look at that date--why do people throw their money away?
Edited by KurtS
06/01/2008 5:47 pm
Valued Member
fasteddie's Avatar
United States
96 Posts
 Posted 06/01/2008  5:57 pm  Show Profile   Bookmark this reply Add fasteddie to your friends list Get a Link to this Reply
Kurt...I greatly appreciate that link...an excellent resource!

Look the bid is up to $199 now.

too bad people give in to their greed
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m9frank's Avatar
United States
628 Posts
 Posted 06/01/2008  6:00 pm  Show Profile   Bookmark this reply Add m9frank to your friends list Get a Link to this Reply
My opinion has always been, in most cases, no one can grade a coin or vouch for its authenticity based on photos.

This coin appears to be fake, based on the photo. If the coin appeared to be authentic, based on the photo, would you buy it?


Valued Member
fasteddie's Avatar
United States
96 Posts
 Posted 06/01/2008  6:09 pm  Show Profile   Bookmark this reply Add fasteddie to your friends list Get a Link to this Reply
Nope...my basic policy is never to spend more than 200 on an online coin (I have spent more for such items as 96 prestige proof set and 99 silver 9 coin set, etc.)..and if it's too good to be true at 200 (meaning grey sheet may have it at 500+ I pass) I pass...recently bought an svdb but got it at long beach coin convention in a pcgs slab ms-64 rb.

Most of the online coins I buy are either proof sets, mint sets, and/or commems
Edited by fasteddie
06/01/2008 6:42 pm
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KurtS's Avatar
United States
5318 Posts
 Posted 06/01/2008  6:14 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
"If the coin appeared to be authentic, based on the photo, would you buy it?"

Only if the price doesn't make a forgery worthwhile, or the source is well-trusted. That said, I once spent $$ on an ebay coin that proved to be genuine.
But now I know better--I would only buy coins like that in person today.
Valued Member
fasteddie's Avatar
United States
96 Posts
 Posted 06/01/2008  6:24 pm  Show Profile   Bookmark this reply Add fasteddie to your friends list Get a Link to this Reply

Quote:
Only if the price doesn't make a forgery worthwhile, or the source is well-trusted

That is exactly the way I see it and follow that policy

VERY expensive coins are only purchased from reputable Coin Show Dealers and are slabbed by ANACS, NGC or PCGS.

PS: ICG IS ANOTHER SLABBER I TRUST

That said I do realize there are fake slabs as well...you just have to be careful and knowledgeable about the coin you are seeking to buy

Edited by fasteddie
06/01/2008 6:57 pm
Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 06/01/2008  6:48 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
I wouldn't touch that thing with a ten foot pole. Eh, actually...

I checked PCGS price guide, and all the possible original coins this was faked from are still worth a bit:

1893 Plain: 320 in XF
18930: 650 in XF
1893CC (unlikely): 1650 in XF
1895S (also unlikely): 1000 in XF

200 is a fairly good price for a 'fake' which probably used a coin worth at least 350 now. If it can be restored it'd still be worth likely over 200.
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sfwusc's Avatar
United States
615 Posts
 Posted 06/01/2008  7:10 pm  Show Profile   Bookmark this reply Add sfwusc to your friends list Get a Link to this Reply
Does that 3 not look like an altered 8?

I am far from an expert on this.
Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 06/01/2008  8:37 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
On second thought, if it is a faked 1898S, it is virtually worthless.
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littleboy's Avatar
United States
764 Posts
 Posted 06/03/2008  7:36 pm  Show Profile   Bookmark this reply Add littleboy to your friends list Get a Link to this Reply
definitely a fake. 1893S only had one obverse die and that is not it. looks like a cast or false die coin. check its weight and composition if you can.
Edited by littleboy
06/03/2008 10:20 pm
Valued Member
jeffreyice1's Avatar
United States
381 Posts
 Posted 06/03/2008  10:59 pm  Show Profile   Bookmark this reply Add jeffreyice1 to your friends list Get a Link to this Reply
You need a picture of the whole coin, The R in liberty is Rounded and not strait and the nose to the stars on the outside of the coin don't align with a real one nor do the Eyes.

JMO

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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 06/04/2008  09:12 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
Good link on ways to spot the fakes - thanks for the info!
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