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Chile 8R 1786 - Point Of Discussion (Counterfeits)

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Valued Member

Philippines
80 Posts
 Posted 07/03/2010  10:11 am Show Profile   Bookmark this topic Add fireandice556 to your friends list Get a Link to this Message Number of Subscribers
Disclaimer : no endorsement here... just for discussion.

While browsing ebay, these replica and an 4-digit 'original' from China stood out.

1786 Carlos III 8-Reales of Santiago Mint (Chile)

Replica makers has this usual $2 listing :
http://cgi.ebay.com/Replica-1786-Ch...270571335108

And this $3,500 for a supposedly genuine item (is it?...) Take note of the seller's name... plus the condition of the coin itself.
http://cgi.ebay.com/CHILE-1786-DA-8...400131726167


Here's one which is most likely (or probably) an authentic one. $298
http://cgi.ebay.com/ws/eBayISAPI.dl...350370419459

Pillar of the Community
swamperbob's Avatar
United States
5362 Posts
 Posted 07/03/2010  12:31 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
I can just about guarantee that if you order one of the first group of ten coins it will arrive WITHOUT the word COPY on it. I have tried it quite a few times and I have NEVER received a marked coin.

The second coin is most likely a fake waiting for a $50 offer.

The third coin has an oddly centered edge. The seller looks like a good eBayer only one claim of a forgery, but with the number of silver forgeries I have seen recently. I would not take a chance.

Why wouldn't a US seller - knowing the threat of forgeries on ebay spend $30 and have the last coin certified? Raw it is a gamble - certified it should grade VF and bring $1600 or more.

Where is the logic? Who gives away money?

When something is too good to be true it usually is ............
Valued Member
Philippines
80 Posts
 Posted 07/03/2010  7:46 pm  Show Profile   Bookmark this reply Add fireandice556 to your friends list Get a Link to this Reply
The way things are moving right now... TANSTAAFL bargains no longer exists for novice or non-technical / non-historical collector. Again, as previously discussed, and alternative to ebay is clamored. Caveat emptor applies as of now.

I hope that a sort of clearing house / authentication group could step up to the plate and take this situation as an opportunity to bring back the hobby to the masses.
Valued Member
Philippines
80 Posts
 Posted 07/04/2010  09:37 am  Show Profile   Bookmark this reply Add fireandice556 to your friends list Get a Link to this Reply
This is the third item ($298)
Chile-8R-1786---Point-Of-Discussion-Counterfeits
Chile-8R-1786---Point-Of-Discussion-Counterfeits

I dug up my old 'Colleccion Iriarte' catalog and found these comparative observations :
1. Iriarte Santiago Portrait of 1786 didn't use the big stop dots, but rather those 8-Reales that were minted from Potosi.
2. On Iriarte's specimen, the 'III' used straight serif rather than decorative type
3. The 'o' on mintmark is connected to the upper of 'S' rather than a gap as in the ebay specimen.
4. The dentils on the ebay specimen is not pronounced, when the image is rather sharp -- a bit of inconsistency?

Just my observations.
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swamperbob's Avatar
United States
5362 Posts
 Posted 07/04/2010  1:13 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
Very good observations. I still think it is a fake.
Valued Member
Pandesalapi's Avatar
Philippines
386 Posts
 Posted 07/04/2010  5:10 pm  Show Profile   Bookmark this reply Add Pandesalapi to your friends list Get a Link to this Reply
Very interesting threads...
Nowadays its really hard to distinguish these fakes...
The post on the 3rd coin was taken out at ebay, does this mean the seller is also a member of this community forum and have read this thread?
The oddly centered edge was really a nice looking one... dangerous counterfeit.
Now I may say that before bidding at ebay for an 8 reales, it is much safer to ask opinions of community members in this forum.
Valued Member
Philippines
80 Posts
 Posted 07/04/2010  7:53 pm  Show Profile   Bookmark this reply Add fireandice556 to your friends list Get a Link to this Reply

Quote:
The post on the 3rd coin was taken out at ebay, does this mean the seller is also a member of this community forum and have read this thread?

Or maybe someone did pointed it out that it's a problem coin. Anyhow it was one less to worry about.
Valued Member
Guadalupe Victoria's Avatar
Mexico
53 Posts
 Posted 07/23/2010  7:56 pm  Show Profile   Bookmark this reply Add Guadalupe Victoria to your friends list Get a Link to this Reply
HI Fireandice556:

Would you be so kind as to give the full description of Iriarte´s reference?

The only Iriarte reference I can think of is "Catalogo de los reales de a ocho espaņoles" and I do not remember seeing a photo of the specific 1786 Carlos III 8 reales of the Santiago mint. Calbeto´s Compendium does not have a photo of this particular year, since it is a really rare coin.
Valued Member
Philippines
80 Posts
 Posted 07/23/2010  8:31 pm  Show Profile   Bookmark this reply Add fireandice556 to your friends list Get a Link to this Reply

Quote:
Would you be so kind as to give the full description of Iriarte´s reference?

The only Iriarte reference I can think of is "Catalogo de los reales de a ocho espaņoles" and I do not remember seeing a photo of the specific 1786 Carlos III 8 reales of the Santiago mint. Calbeto´s Compendium does not have a photo of this particular year, since it is a really rare coin.


It's not the Catalogo -- but the 'Aureo Subasta Numismatica : Carlos III - Colleccion Iriarte' (March 1998). Lot# 654. Pictured in Black & White. (Reverse on colored plate). Closed at Ptas260,000.
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