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Seated Liberty Dollar Opinion

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Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 10/02/2009  8:00 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Pictures are a bit small, but it looks genuine to me as well from what I can see. I haven't heard of them selling fakes either, and I have made several purchases from them. Things to be wary of with GSC are: Juiced photos and problem coins that don't have the problem stated. Of course, over half of the sellers on ebay are like this. GSC also always has a lot of high end raw early proofs, which strikes me as odd. I'd go check out there store if you are that close.
Valued Member
Blue Diamond Gold Exchange's Avatar
United States
97 Posts
 Posted 10/02/2009  10:48 pm  Show Profile   Bookmark this reply Add Blue Diamond Gold Exchange to your friends list Get a Link to this Reply
All the Seated dollars of the Civil war period are scarcer collectible dates. The one shown looks to us like a choice XF, or "XF-45" which is probably worth $600-$700 evem though it looks artificially toned. If you are patient you can probably find a better one.
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Brewzz's Avatar
United States
199 Posts
 Posted 10/02/2009  11:57 pm  Show Profile   Bookmark this reply Add Brewzz to your friends list Get a Link to this Reply
I read on Heritage that 1860-O is more available due to some hoard recently found?.....I'm not looking for a gem.
Cheers,Brewzz
P.S. Just an interest in history......
Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 10/03/2009  03:13 am  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
I reported the first coin to ebay, but they probably want more than just my opinion to remove the link. It is already up to $370, and someone is going to really get hosed. Very sad.

Brewzz, I didn't know that. Very interesting. The 60-o does seem quite common, and I'm considering one for my type set due to the fact that it is a relatively inexpensive no motto.
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KenKat's Avatar
United States
4085 Posts
 Posted 10/03/2009  10:28 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
1860-O has the highest mintage of any of the No Motto Seated dollars I believe. So, it is the most common date - which is kinda cool because it represents coins minted in the deep south at the very brink of the Civil War.

It's the date/mm I have in my 7070 slot.

Ken
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Brewzz's Avatar
United States
199 Posts
 Posted 10/03/2009  5:13 pm  Show Profile   Bookmark this reply Add Brewzz to your friends list Get a Link to this Reply
That first coin is up to $710......Man someone IS gonna get hosed!
Thanks,Guys......Brewzz
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Brewzz's Avatar
United States
199 Posts
 Posted 10/03/2009  5:19 pm  Show Profile   Bookmark this reply Add Brewzz to your friends list Get a Link to this Reply
I just reported it as a fake also...I encourage others to do so too.The auction is almost over.I feel bad for whoever buys it....
Brewzz
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johnny54321's Avatar
United States
4849 Posts
 Posted 10/03/2009  10:32 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Wow. It just ended for $973.00. I really really hope that someone realized it was fake and bid high just to keep someonelse from purchasing. Thanks for helping Brewzz, I guess ebay wasn't on top of it this time.
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Conder101's Avatar
United States
17884 Posts
 Posted 10/05/2009  5:08 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
The pictures posted by Johnny54321 is the clincher. The date on the dollar in question is very different from those shown on the four genuine coins. After 1840 they used a four digit logotype punch for the dates. After about 1850 they tended to use the same style punch for all of the dies for a given year, and the same punch for all the dies of a denomination. And to the best of my knowledge there is only one die pair for 1863. All of this tends to say that if the date on the subject coin doesn't match then it is almost centainly fake.

And I think you are confusing the 1860-O dime with the 1860-O dollar. The 60-O dime is a rare date but several years ago a small group of about seven to ten uncirculated pieces was found at a civil war site. The 60-O dollar was always common, but in 1962 I think it was, two bags of uncirculated 1860-O dollars came out of the Treasury hoard. (And one bag of uncirculated 1859-O dollars as well. plus some miscellaneous other Seated dollars as well.)
Valued Member
United States
69 Posts
 Posted 10/08/2009  02:47 am  Show Profile   Bookmark this reply Add tenacious to your friends list Get a Link to this Reply
I was waiting for the buyer in the first post to post feedback so I could contact him and point him to this thread. But I saw that the auction has been removed.

Won items are left up on ebay much longer than this. So maybe people making reports to ebay got the auction pulled after it ended. Good work people! Whatever happened I hope/assume the buyer got his money back and was saved from being ripped off.

When an auction is pulled there is no reason given. I don't believe that honest sellers should be stigmatized when they list a fake by mistake. But when fakes are pulled it should be made known so that career fake sellers are exposed in time.

Also, with the auction pulled, I'm not sure, but I don't think that feedback can be left by the buyer. And therefore no warning can be left from the buyer about the seller.

In short, although single auctions of fake coins are pulled, career fake sellers continue to sell fakes on ebay week after week.

Edited by tenacious
10/08/2009 03:13 am
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jfransch's Avatar
United States
1801 Posts
 Posted 10/08/2009  11:24 am  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
I also complained to ebay early on about this coin and received a response email but it didn't really say anything except that they would refer to their outside coin experts. (which I hope include forum members, the power of the forum continues to grow) Glad to hear it appears to have been pulled.
Brewzz and Condor101, according to Q David Bowers in his book "Buyers Guide to Silver Dollars and Trade dollars", there were over 6000 unc 1860o silver dollars in the treasury release along with an unknown quantity of circulated examples. That is why that date is so common, all of those would have flowed directly into the collector market. However most of the treasury release coins were heavily bagmarked, making high end unmarked coins much harder to find.
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Brewzz's Avatar
United States
199 Posts
 Posted 10/13/2009  6:00 pm  Show Profile   Bookmark this reply Add Brewzz to your friends list Get a Link to this Reply
Well,I'm the proud new owner of a very nice,but slightly bald Liberty...

Seated-Liberty-Dollar-Opinion

Seated-Liberty-Dollar-Opinion
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