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Is This Fake?

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Jays-Dad's Avatar
United States
790 Posts
 Posted 10/14/2009  5:59 pm Show Profile   Bookmark this topic Add Jays-Dad to your friends list Get a Link to this Message Number of Subscribers
http://cgi.ebay.com/1970-South-Kore...of_W0QQitemZ140352235671QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item20ada52897#ht_660wt_1165

I'm working on a 1970 set (my birth year) and happen to be married to a woman from South Korea. Normally I'd only be interested in circulation coins, but because of the South Korea connection, I'd be interested in this coin. This "proof" coin seems strange to me, though I guess 250 Won was actually worth quite a bit in 1970, perhaps more than the silver value of the coin, but this thing seems really beat up. How might I know if it is a Chinese thing?
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echizento's Avatar
United States
23731 Posts
 Posted 10/14/2009  7:04 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
This coin was only struck in proof, but this one looks like it's seen a lot of circulation. I can't really tell from the pictures if it's real or not. But if it is I would grade it at VF-30 with rim damage and surface marks. I think $50 might be a bit much.
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swamperbob's Avatar
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5362 Posts
 Posted 10/15/2009  1:50 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
Jays-Dad I am way out of my normal area of expertise when commenting on a Korean coin. However, that being said, a counterfeit coin sometimes has a "certain look". I own and have authenticated 10s of thousands of coins in the past 50 plus years, so at times I get a feeling that is hard to put in words, but something about this coin looks really fishy.

Perhaps it is the color which puts me off or the odd reflection of light (a dead looking coin). But I think what bothers me most is the wide rim and the lack of proof luster between the lettering in the protected areas of the coin. The wide rim is a result of the fact that most Chinese knock-offs are made using presses with a series of "standard sized" coining chambers. The rim here simply looks a fraction of a millimeter too thick to my eye. The "luster" in the protected areas looks frosty not mirror like. The mirror surface of a high quality proof takes time to completely wear off and I do not see enough high point wear to match the lack of luster. In actuality the luster I see looks like the surface of one of the Chinese transfer dies made by one of the better forgers.

It is of course IMPOSSIBLE to be 100% certain of any coin from a picture - but personally, I would treat this coin as an oriental knock off until proven otherwise.

You could ask the seller if he would have the coin CERTIFIED by ANACS before you complete the sale - offer to split the costs it the coin is real. But only pay AFTER the coin is encapsulated.
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Jays-Dad's Avatar
United States
790 Posts
 Posted 10/16/2009  11:35 am  Show Profile   Bookmark this reply Add Jays-Dad to your friends list Get a Link to this Reply
Thanks, I had a similar feeling, but don't have the experience to be the expert.
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Australia
3831 Posts
 Posted 10/18/2009  01:36 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
It looks ok to me as I have a proof coin totally wrecked to something similar as seen.

This coin is relatively scarce as mintage was only in low thousands - I can't remember off hand.

Even so, this is a rather expensive coin - somewhere around 250USD and was only part of the 1970 mint set. Here's an example:

http://cgi.ebay.com/KOREA-SUD-2100-...TZ_W0QQitemZ a href= https://www.coincommunity.com/go/link.asp?target=https://www.ebay.com/itm/-/400053112321 target= _blank rel= nofollow 400053112321 /a QQcmdZViewItemQQptZM%C3%BCnzen_Medaillen?hash=item5d25060e01

This does not include the extremely rare 1970 gold coin set - that sets it several thousand dollars higher.

I believe that trying to assemble UNC 1970 South Korean coins (circulation type) can be quite difficult, in particular the old 10 won.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
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