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 Replies: 14 / Views: 774 |
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Pillar of the Community
Canada
5045 Posts |
My LCS says that someone will be bringing in an 1802 silver dollar that I will be looking at (assuming that it is actually brought in).There are no pictures yet, but I will take some if it does come in. What are some good indicators of authenticity or fakeness aside from the gross physical characteristics like weight and evidence of casting? The LCS has a sigma tester so that they can be assured of its silver content or not.
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Bedrock of the Community
 United States
94367 Posts |
You can always view many different genuine examples on Google.
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Pillar of the Community
United States
4398 Posts |
Edited by Slider23
12/14/2023 10:32 am
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Pillar of the Community
United States
4233 Posts |
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Pillar of the Community
United States
4398 Posts |
The Bolender book was published in 1950 and the Reiver book in 1999. Reiver uses the Bolender numbering system to identify the die pair. On the 1802 it uses 7 obverse dies and two reverse dies and there are 7 different combination. The variety needs to be identified to authenticate the example.
Edited by Slider23
12/14/2023 4:04 pm
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Pillar of the Community
United States
4398 Posts |
A counterfeit can have a matching die pair to a genuine example, but often the counterfeiters use the same die on the reverse and change the date on obverse to save money.
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Pillar of the Community
 Canada
5045 Posts |
Thanks, guys. If it actually comes in I will photograph it. There can't be many examples floating around a small town in the Pembroke area of Ontario (small city 2 hours west of Ottawa, Canada) The LCS is doubtful, but the owner was told by a local "coin dealer" that it was genuine and is apparently convinced enough to take a 2 hour trip to the LCS to have it checked out. It will be interesting to see at any rate. What would a LCS in the US pay for a genuine example, relative to Red Book quoted prices? In case they want to to sell? |
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Pillar of the Community
United States
4398 Posts |
Quote:What would a LCS in the US pay for a genuine example, relative to Red Book quoted prices? In case they want to to sell? As you are aware grade is very important to determine value. I will wait for photos before I provide an estimate of value. With the inflation that we have had in the last 5 years, I have a 2018 Red Book that is close to today's ballpark coin prices.
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Pillar of the Community
Canada
5045 Posts |
Thanks. The situation would be a lot easier if it were an 1804, in which case they would have been advised not to bother comning in.
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Pillar of the Community
United States
502 Posts |
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Pillar of the Community
Canada
5045 Posts |
I finally got to see the "coin". The owner was ill-advised by the "expert".
Aside from having reeding, not edge lettering, and being grossly underweight (17.8 grams, and apparently the "dealer" thought it to be the right weight), the mushy grayish appearance screamed obvious fake at a distance.
The owners took it in stride, and apparently they were in town anyway today. Their daughter found it in her makeup case, so I was told!
I do wonder what the "dealer" would have sold it for had they had it.
I'm still laughing to myself over this.
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Pillar of the Community
United States
4347 Posts |
 Looks like this is another one of those counterfeit threads, garnering much ado about nothing ....
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Bedrock of the Community
United States
94367 Posts |
Pretty funny. Stuff like this happens at my LCS all the time.
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Pillar of the Community
United States
3262 Posts |
A gram scale is worth a 1000 pictures. Found it in the makeup case eh.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
12/18/2023 8:04 pm
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Pillar of the Community
United States
4233 Posts |
Quote:
Their daughter found it in her makeup case Well that's a new one. Christmas elves or what? Why do I get the feeling that the "local coin dealer" who said it was genuine is also an elf?
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Replies: 14 / Views: 774 |
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Posted 12/14/2023 10:20 am
