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A Real IHC Steal On Ebay: Update

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KurtS's Avatar
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 Posted 12/31/2008  8:44 pm Show Profile   Bookmark this topic Add KurtS to your friends list Get a Link to this Message Number of Subscribers
Update: This is a normal "bold N" 1871

Here is the coin in question.

At first the reverse appeared to be the 1871 shallow-N, but I spoke to someone who saw this coin and confirmed it's a normal bold N. I was fooled by the photos. I'll just keep what I posted below since the shallow N diagnostics are correct--just not my conclusions on this coin.
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SsuperDdave's Avatar
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 Posted 12/31/2008  8:54 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I'm unfamiliar with the variety. Looked at with fresh eyes, based only on the evidence you've presented, I see a "normal" N variety. Neither the E nor the N seem to show the "shallow-N" features to me. The center serif on the E seems particularly obvious.

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KurtS's Avatar
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 Posted 12/31/2008  8:59 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Ok, take my opinion with a grain of salt and compare the diagnostics I linked to.
Something to note are the distances between top serifs in NE and NT in ONE CENT. Also the length of the top serif in N is diagnostic, as are the middle serifs in E.
The lower corner of the N has a characteristic shape too. This is purely my opinion (but I stand by it)--check for yourself.

A-Real-IHC-Steal-On-Ebay:-Update

detail from auction; compare to above:
A-Real-IHC-Steal-On-Ebay:-Update
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SsuperDdave's Avatar
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 Posted 12/31/2008  9:14 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Wierd. I see a trumpet-shaped E serif, I see greater spacing between the N and E, and I see the larger bottom corner of the N. This one isn't even close, to my eyes.

The vertical stroke of the N is also noticeably different between the two types; the ebay coin obviously has the thicker stroke.
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BH1964's Avatar
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 Posted 12/31/2008  9:19 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
My '09 RedBook lists a modest premium for the shallow-N and PCGS' Price Guide lists this coin at $1,500.

If this is a steal, does the seller not know what he's doing asking "only" $2.2K? Where does the $9K price from Rick Snow come from? Has this coin ever brought close to that at auction?

The reason I asked is that, for a moderator to post this coin as a "steal", it should have some supporting evidence.
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KurtS's Avatar
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 Posted 12/31/2008  9:20 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
I'm not trying to fool anybody either...I'm just sharing what I'm seeing.
Sounds like you're convinced...that's ok.
But the top serif distance between NE in ONE is too close to be a bold N.
Granted, I'm really enlarging the pic here, but the transition on the middle E serif has an abrupt angle:

A-Real-IHC-Steal-On-Ebay:-Update

If it doesn't look legit, no biggie...I might just buy for resale to Mr. Snow.


Quote:
Where does the $9K price from Rick Snow come from?

Go over to his retail site (Eagle Eye Rare Coins), where he's selling the shallow-N in NGC MS65BN for $9K. Guys--I wouldn't say it w/o doing the research first.

p.s: As I said before: "verify yourself". Moderators have opinions too--they're not exempt from judgment calls.
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BH1964's Avatar
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 Posted 12/31/2008  9:40 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
p.s: As I said before: "verify yourself". Moderators have opinions too--they're not exempt from judgment calls.


I'm glad you pointed that out Kurt. I was beginning to think the New Year's Eve party had started very early!

I've heard CCF Moderators are paid 6 figure salaries, so this coin would be steal from that perspective!

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GO's Avatar
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 Posted 12/31/2008  9:41 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Yep! $000,000 is such a grand number
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KurtS's Avatar
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 Posted 12/31/2008  9:52 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
They just hand me those 100 Billion $ Zimbabwe notes. CC, ebay, and PayPal pitch in together and sweeten the deal.

A-Real-IHC-Steal-On-Ebay:-Update
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SsuperDdave's Avatar
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 Posted 12/31/2008  10:35 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
OK, in the inteest of matching anyone else here for anality, if not knowledge, I pulled all the images into the Gimp. I then regularized them, so the lettering was the same size in each, and proceeded to use the Gimp's measuring tool to see exactly what's what.

Both types are very similar in most dimensions, and different enough in a few others to make identification possible. In all cases, the ebay coin was closer (given the relatively poor photo) to the "Shallow N" type than it was to the "Bold N" type.

My guess, from the location of the date, is that this is Snow-5 rather than Snow-4. Using Snow's website examples, take the front edge of the neck as if it were a vertical, and follow that line thru the 1 in the date to see what I mean.

Therefore, I concede this difference of opinion to Kurt. He was right; I was wrong.
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KurtS's Avatar
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 Posted 12/31/2008  10:40 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Dave, I'll be willing to concede to you too, if this proves to be the "bold N" after all. I'm shooting it past Rick Snow.
The reverse appears to be shallow N to my eyes, but: the real problem I have here is the obverse, which doesn't exactly match either known die.


Update I'm now unsure about this one because the reverse looks Shallow N, but the obverse digit spacing/position doesn't match the 2 known dies. There is a very good die-struck shallow N forgery, so I'm very wary now.
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BH1964's Avatar
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 Posted 01/01/2009  12:55 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Wow this is getting deep! I'm mainly a Lincoln Cent and bullion guy, so this is a learning experience.

Thanks to our moderators for the fine job they do!
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 Posted 01/01/2009  1:17 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Ok, one last update!
I just spoke with a guy who actually saw this coin in person at a show.
It's the normal bold N--and I concede to Dave, he won!
The photo sure had me going...
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SsuperDdave's Avatar
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 Posted 01/01/2009  6:19 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
This begs the question, "How many reverse dies are known for this coin?" Even correcting for the tilt of the photo, there are discrepancies with the measurements. I suppose we can chalk that up to the problematic photo, which makes this an even stronger learning experience, especially for people like me who consider ourselves fairly capable with photographic evaluations.
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KurtS's Avatar
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 Posted 01/01/2009  7:55 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
I hear ya--I'm still a bit perplexed by this one too--and regard it as something worth learning.
As far as I know, there are only two reverse die types for this year--but I'm going to watch for these as there's that one forgery.

Here's a photo of the shallow N forgery:

A-Real-IHC-Steal-On-Ebay:-Update

Rick Snow's comments:
This is a Shallow N counterfeit which would fool just about anyone! The obverse shows light die cracks around the tops of most of the letters.
The reverse shows a radial die crack from the rim at 1:30 to the top of the E in ONE. There is a mark on the neck that may be a defect from the original coin and may be a diagnostic for this counterfeit.

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SsuperDdave's Avatar
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 Posted 01/01/2009  8:01 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
If I'm reading Rick Snow's photos right, the location of the date is a dead giveaway, not even close. Otherwise, that's a superb forgery.
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