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NGC Confirms Discovery Of Fourth Known 1854-S $5

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Dorado's Avatar
Canada
24885 Posts
 Posted 04/18/2018  5:38 pm Show Profile   Bookmark this topic Add Dorado to your friends list Get a Link to this Message Number of Subscribers
Edited by Dorado
04/18/2018 5:39 pm
Rest in Peace
Crazyb0's Avatar
10197 Posts
 Posted 04/18/2018  5:54 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
No back-trail info huh? Sorry, am just too skeptical without proof. With today's technology too much can be replicated down to the minutest details. Especially for a "multi-million dollar" jackpot. It did not mention if this coin was spectrum-analyzed for metal content then compared with the two Known examples did it? The Chinese are know for taking original coins and converting them, the alloy would be different enough to tell. Wouldn't be the first time one of these fooled NGC.
Valued Member
United States
96 Posts
 Posted 04/18/2018  6:06 pm  Show Profile   Bookmark this reply Add jsb to your friends list Get a Link to this Reply
Why would they put Discovery of a Lifetime on a slab?
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basebal21's Avatar
13014 Posts
 Posted 04/18/2018  6:38 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Sorry, am just too skeptical without proof. With today's technology too much can be replicated down to the minutest details. Especially for a "multi-million dollar" jackpot. It did not mention if this coin was spectrum-analyzed for metal content then compared with the two Known examples did it? The Chinese are know for taking original coins and converting them, the alloy would be different enough to tell. Wouldn't be the first time one of these fooled NGC.


The proof is that they graded it. I'm sorry but these comments are just to far off not to say something and I actually am not really a fan of how NGC grades but I will defend them here. They clearly took their time and didn't take the decision lightly, there is a HUGE difference between getting getting caught with a 100 dollar copper copy and saying yes this is the 4th known and only the 2nd that would be available to the market.

This isn't a coin that just went through the grading room. They had all their top guys look at it and sign off on it including probably the heads of the company as well. This is the type of coin that companies can be destroyed by, if they're wrong here they're basically done in the classic US coin grading. That wasn't a decision they took lightly

This coin
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 04/18/2018  11:29 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Just shows there are still great coins out there that were not previously thought to exist.
Wonderful find!
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 04/20/2018  11:55 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
Doesn't the 4 in 1854 on the coin look a little "off" to anyone?
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nfine's Avatar
United States
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 Posted 04/20/2018  12:30 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
People viewing a couple of photos questioning the folks who after examining the coin in hand and comparing it to all known examples, staked their reputation on certifying this coin authentic. I'm certain NGC began with the opinion this was counterfeit and only after extensive research and consulting many experts, decided it was authentic.
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 04/20/2018  12:38 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
Did I say that the coin is a counterfeit? No.

I just commented that the 4 looks a little strange compared the other known examples of the 1854-S half eagle.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 04/20/2018  6:32 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I don't suppose you'd have any pics you could use to demonstrate this "strangeness", do you?
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westernsky's Avatar
United States
7618 Posts
 Posted 04/20/2018  7:21 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Wonderful find! I hope the owner makes a boat load of money with it when it goes to auction!
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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/20/2018  7:59 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Perhaps it is the most authoritative opinion you can get, but it is still only an opinion.
All we can do is follow and accept.

There have been some unique, or nearly so, ancient coins that have been accepted in this way.

Saturninus Aureus (Sear 3393), is an example.
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 04/20/2018  10:23 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply

Quote:
I don't suppose you'd have any pics you could use to demonstrate this "strangeness", do you?


Sorry about that. I was looking at photos of an 1864-S Half Eagle, which has a different design on the 4. The 1854-S graded by NGC looks authentic to me. Definitely a nice find.
It will be interesting to see how much this sells for if the owner decides to sell it.
Edited by SilverDollar2017
04/20/2018 10:24 pm
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 04/21/2018  2:34 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
I really wonder how it was found...
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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/22/2018  03:00 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
TypeCoin971793: Independently verifiable provenance is essential.
This principle applies to a lot of other things like art, jewelry, cars, etc., as well.
Edited by sel_69l
04/22/2018 03:05 am
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solotime's Avatar
United States
2311 Posts
 Posted 04/22/2018  09:50 am  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
How do we know that this isn't the stolen one from Florida USA in 1967?
It could have been used as a pocket piece until it was worn down and looked different.
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ty88ty2's Avatar
United States
772 Posts
 Posted 04/22/2018  10:44 am  Show Profile   Bookmark this reply Add ty88ty2 to your friends list Get a Link to this Reply
That is very cool! Now I just have to dig up a can full of these in my backyard..... maybe someday..
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