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PCGS Labeled Counterfeit 1741 Rouble Sells For $1,100. Why?

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 Posted 11/27/2019  7:15 pm  Show Profile   Bookmark this reply Add Sharkman to your friends list Get a Link to this Reply
John-
The seller listed the weight, which I haven't seen done before, although I really don't know a lot about world coins. Why is it exactly the specified weight rather than some other amount within permitted tolerances? Maybe the seller looked it up like you did. Given the odiferous nature of this listing, I have my doubts the seller actually weighed it.
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 Posted 11/27/2019  7:44 pm  Show Profile   Bookmark this reply Add Sharkman to your friends list Get a Link to this Reply
Curiosity question: would a TPG holder a valuable contemporary counterfeit labeling it as such? It is valuable, it it historical, it is collectible. Or would it get the same body bag treatment as a modern counterfeit?
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 Posted 11/27/2019  7:59 pm  Show Profile   Bookmark this reply Add Sharkman to your friends list Get a Link to this Reply
Everyone, here's your chance to get in on the action. Same dude has counterfeit 1727/6 Russian coin listed with a stated retail value of $3,000. Bidding is currently at $12.00. Get 'em while they're hot!
Edited by Sharkman
11/27/2019 8:03 pm
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 Posted 11/28/2019  01:31 am  Show Profile   Bookmark this reply Add colonialjohn to your friends list Get a Link to this Reply
Its an interesting group. Consider also we now see (4) counterfeits and/or one coin with no verification possible. He spent probably $160+ or more w/ PCGS to wind up with (4) body bags. I did not know the initial coin in this thread was illegal to own but the SKILL necessary to use debased metals to get the weight correct is quite remarkable so looking at his other merchandise he probably looked it up and assumed the weight was as written in KM? Its unusual but I guess at this level (Christian Book Seller?) he took a gamble with PCGS. However somebody paid some big money on this first coin ... however I am sure the weight will be different than KM and agree Sharkman a scale was not used on this coin and then compared to KM - probably <BG>. These pieces look like good forgeries. I am tracking them but unfortunately my research on CCCs has never gone into Russian coins. TPG will body bag all counterfeits but there are noted exceptions based on certain collections, series and other factors - such as U.S. Colonial Machins Mills pieces of Newburgh, NY or well documented copies from noted forgers or die makers like Bolen, Wyatt, etc... also if a big collection of Counterfeit 8 Reales as in Gurney's case a company like Stacks/Bowers could label the coins with GNL #'s and even place his name on the PCGS holder - exceptions are made when certain coins cross the block. Would not surprise me ... seriously. Look recently at the Stacks/Bowers Nov. 2019 Whitman Show (C4 Convention) and the Robert Martin Collection of U.S. Colonials and some well known copies in his collection going 4-figures. Martin was a noted Connecticut collector who passed away around a year ago.

See here:

https://auctions.stacksbowers.com/l...bout-as-made

See also this counterfeit Spanish American piece confirmed by that shaddy notorious character named Lorenzo. See here:

https://auctions.stacksbowers.com/l...in-edge-fine

LOL

John Lorenzo
Numismatist
United States
Edited by colonialjohn
11/28/2019 01:38 am
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tdziemia's Avatar
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 Posted 11/28/2019  07:14 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
I agreee that it gets "curiouser and curiouser."

The bible seller now has some certified rarities, and some old Russian pocket change up for auction.

The 1898 coin is likely headed over $2,000. maybe closer to $3,000 based on recent sales in Europe.
Edited by tdziemia
11/28/2019 07:39 am
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basebal21's Avatar
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 Posted 11/29/2019  4:29 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Curiosity question: would a TPG holder a valuable contemporary counterfeit labeling it as such?


There are some that they will do. As of now ICG is the only one that will slab all counterfeits in an educational slab if requested
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tdziemia's Avatar
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 Posted 11/30/2019  10:11 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply

Quote:
The 1898 coin is likely headed over $2,000.


Sold for $2,011.
And the counterfeits only fetched $10 and $25.

Sanity reigns again.
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