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What Do You Think? Pillar 8R With Philippine Ferdin-7 C/S

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Valued Member

Philippines
80 Posts
 Posted 06/18/2010  09:59 am Show Profile   Bookmark this topic Add fireandice556 to your friends list Get a Link to this Message Number of Subscribers
Having had some of my Pillar 8R reviewed by swamperbob (Thanks Bob :) ), I been quite wary of all 8R Pillar had had to take all ebay specimens with grain of salt.

Not mine --
1740 MEXICO COIN W/PHILIPPINES COUNTERMARK
http://cgi.ebay.com/ws/eBayISAPI.dl...220621120125

The photos attached are not large enough for detailed study, but is it just me? It seemed that the condition is 'too perfect'. If this is authentic, this is quite a nice piece to add.

Pillar of the Community
swamperbob's Avatar
United States
5362 Posts
 Posted 06/18/2010  6:36 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
fireandice556 When that coin was first posted - I wondered about putting it on another thread, but I was concerned I was boring people with Modern counterfeits.

The coin is not in my opinion real.

There are two beads in the crown of the counterstamp that have dark centers. They are located second from the bottom arc on both sides. This kind of depression often happens on cast replicas. But it can also happen due to post strike damage. However, other elements o the punch also show voids. I see many voids in the Punch detail which are wrong for a strike in the "field area". Voids in the punch detail have to match raised elements on the host coin. I do NOT see such a correlation. I would bet that the pattern for the c/s was a punch positioned over the globes. A punch done over details has missing elements while a punch on a flat surface usually does not.

I am also bothered by the host coin as well. It looks mushy (to use a highly technical term).

If I were bidding I would only bid conditionally. I would agree to pay as soon as the coin was encapsulated by a TPG and I could confirm the ID number and date of the encapsulation. I would offer to pay for the encapsulation of course and add say $20 for the delay. But I would NOT pay only on what I see and hear. A honest seller would agree, but a scam artist will have a number of excuses and NEVER agree.

The seller is new 8 feedbacks and any story about an inherited collection sets the red flags waving. He may be an honest fellow but I think anyone bidding here stands a better than even chance to lose his money.

I am NOT a Gambler.
Valued Member
Pandesalapi's Avatar
Philippines
386 Posts
 Posted 06/18/2010  6:47 pm  Show Profile   Bookmark this reply Add Pandesalapi to your friends list Get a Link to this Reply
Fireandice - I've been watching that coin together with the other ones. The countermark in my opinion is not looking right. 5-4-1 pearl formation does not fit. 1740 edge too does not look good even viewed sideways. I hope swamperbob would comment on the coin host.
Seller also sells an 1893 F.7.o Carolus IIII nebulous countermark (which I planned to bid-on with a low budget of course for my collection of known counterfeits, in case I win) .
There is one person here in the Philippines having great authority over these CS / CM, in fact he authored the famous and award-winning book about Philippine Counterstamped coins. I Hope he also watches these specimens at ebay. How I wish he becomes a member of our community.
Valued Member
Philippines
80 Posts
 Posted 06/18/2010  10:01 pm  Show Profile   Bookmark this reply Add fireandice556 to your friends list Get a Link to this Reply
@SwamperBob - Thanks for the analysis. as well as on how to deal with these scammers. I do see red-flags on his horde, but a benefit of the doubt since he's from Puerto Rico and only ships to the US. Not the usual Chine-mainland connection, but maybe they have spread their wings.

In this imperfect world, when you seen something too good to be true, it really is NOT true :) (pessimistic attitude) :D

@Pandesalapi - I'm hoping to get a copy of that book, although I only owned a single C/S -- not authenticated yet. All my reference materials on Pillars are copies of auction catalogs such as the Viceroy Amat and Yriarte collection. I also have a book of Pradeau. All which does not tell me which to look at when challenged with some crude to near-perfect counterfeits. Already burned with these local forger/scammer. Too bad for forgers, they have now to contend with SwamperBob's magnificent knowledge.

Valued Member
Pandesalapi's Avatar
Philippines
386 Posts
 Posted 06/19/2010  07:48 am  Show Profile   Bookmark this reply Add Pandesalapi to your friends list Get a Link to this Reply

Quote:
Too bad for forgers, they have now to contend with SwamperBob's magnificent knowledge.

Yes its true, time will come these forgers will be doing other things than counterfeiting because of the continous knowlege-sharing of Swamperbob. It is also the same reason why I am excited by the topic thread being prepared by our forum Dad for Swamperbob's and other Pillars of this community to discuss. Gain will definitely be on us and the future generations of numismatist to come
Back to the seller in ebay, I just tried to bid on his 1793 F.7.o Carolus IIII post. Sad to note the seller doesn't ship a Philippine Counterstamped coin here in the Philippines
One thing I added to my list of redflags... and that is - think twice in buying to a seller of the coin who doesn't want to ship his sold coin to a country of his coin's origin.
About the book on Philippine Counterstamped coins, it's really a very nice book that is a "must have" for collectors of Philippine CS and CM coins. I think it was made available thru internet, pls. try cookiejar.com. I got lucky, I was able to meet the author in person and had the book signed by the great award-winning author himself
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xshift's Avatar
United States
2669 Posts
 Posted 06/19/2010  3:50 pm  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply

Quote:
I wondered about putting it on another thread, but I was concerned I was boring people with Modern counterfeits.


Swamperbob, your posts are never boring

That coin just went for $434.
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swamperbob's Avatar
United States
5362 Posts
 Posted 06/19/2010  11:17 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
I am personally very worried that counterfeiters also read posts like this one and use them to correct their work. That is precisely why I do not publish 100 % of my in person findings. Like most authenticators, including ANACS, NGC and the other TPG services, I have a private information file that contains facts that are NOT common knowledge. Facts that I use in making comments here are limited to those that are well documented in print and are available otherwise to the forgers. I use the added information I possess for in person verifications. Unfortunately most of those "facts" are simply not applicable to photo authentication.

In the past 25 years or so, forgery techniques have improved remarkably. I am fearful that as progress marches on that a computer assisted engraving methodology will be developed that can totally replicate fine die details. This will necessitate alternative methods and will complicate authentication.

If forgeries ever got to be perfect, they could theoretically destroy the value of rare coins and bring prices down to a small amount over bullion.

But, now for the GOOD NEWS, so far, no forgery technique I am aware of - even comes close to covering all of the problems noted in the public literature - let alone the more private authentication techniques that are passed on person to person. So at least for now, we are relatively safe in diagnosing forgery.
Pillar of the Community
tumbleweedtrumpet's Avatar
United States
1418 Posts
 Posted 06/20/2010  2:12 pm  Show Profile   Bookmark this reply Add tumbleweedtrumpet to your friends list Get a Link to this Reply
I have really been enjoying these posts about counterfeits.
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