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1799 Draped Bust

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markj11's Avatar
United States
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 Posted 03/25/2011  09:30 am Show Profile   Bookmark this topic Add markj11 to your friends list Get a Link to this Message Number of Subscribers
Does this coin look correct? What would it grade?


1799-Draped-Bust

1799-Draped-Bust
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United States
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 Posted 03/25/2011  10:53 am  Show Profile   Bookmark this reply Add mshev to your friends list Get a Link to this Reply
mark: I'm by no means an expert, but I've been looking into getting a 1798 or 1799 bust dollar and have certainy been concerned about fakes. Is this one that has come up for sale? Is the seller reputable? Or is it in hand, in which case have you weighed it (although there is a famous fake out there that does weigh and test correctly).

In my (very non-expert) opinion, I feel like this is a fake. It seems a bit too good to be true. The surface also looks a little bit oddly flat. Definitely, definitely wait for someone else to chime in though.

EDIT: Found it on ebay - the seller does have a good # of sales, with great reviews, and other high dollar value sales. That would definitely boost my confidence in it a little.
Edited by mshev
03/25/2011 11:43 am
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fenton's Avatar
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 Posted 03/25/2011  11:12 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
I don't see anything glaringly wrong with the details.

If authentic, I think this would grade about VF-20
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SsuperDdave's Avatar
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 Posted 03/25/2011  11:27 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I'm inclined to agree with fenton. With that said, those are ebay photos, and there are very few ebay sellers indeed who I'd buy a raw early Dollar from. One must assume it's fake, and be convinced otherwise.
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SsuperDdave's Avatar
United States
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 Posted 03/25/2011  12:04 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
EDIT: Found it on ebay - the seller does have a good # of sales, with great reviews, and other high dollar value sales. That would definitely boost my confidence in it a little.


As did I. Not all fakes are being sold by dishonest sellers - some are good enough to deceive a dealer.

With that said, the point is moot, anyways - the price is significantly higher than the coin's retail worth. That's about a $2000 coin in a PCGS VF20 slab, assuming it doesn't get a Details grade which would lop another $500 off the value. For the money asked, I expect an XF coin in a righteous slab.
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markj11's Avatar
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 Posted 03/25/2011  12:31 pm  Show Profile   Bookmark this reply Add markj11 to your friends list Get a Link to this Reply
Haha, thanks. That tells me enough. The seller is not the seller on ebay and states "Picture is of exact coin and it has been kept in a coin holder for as long as I have owned it."
Valued Member
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 Posted 03/25/2011  12:38 pm  Show Profile   Bookmark this reply Add mshev to your friends list Get a Link to this Reply
Both very valid points, Dave!

Mark: Are you implying someone else swiped the photos off ebay and posted it for sale elsewhere? Or did I misinterpret that?
Edited by mshev
03/25/2011 12:40 pm
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SsuperDdave's Avatar
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 Posted 03/25/2011  12:42 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Haha, thanks. That tells me enough. The seller is not the seller on ebay and states "Picture is of exact coin and it has been kept in a coin holder for as long as I have owned it."


Heh. OK, this thread just swerved from "education" to ""
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upstate's Avatar
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 Posted 03/25/2011  1:09 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply

Quote:
One must assume it's fake, and be convinced otherwise.



Some serious wisdom right there!
That goes for many (all) high dollar coins on ebay.
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Prethen's Avatar
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3234 Posts
 Posted 03/25/2011  1:31 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
The coin looks almost too good. Questionable.
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markj11's Avatar
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 Posted 03/25/2011  1:41 pm  Show Profile   Bookmark this reply Add markj11 to your friends list Get a Link to this Reply
QUOTE = "Mark: Are you implying someone else swiped the photos off ebay and posted it for sale elsewhere? Or did I misinterpret that?"

Yep, this is on craigslist.
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busthalf's Avatar
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 Posted 03/25/2011  4:04 pm  Show Profile   Bookmark this reply Add busthalf to your friends list Get a Link to this Reply
You will find the wisdom here to be of a high quality. My advise would be to listen to SuperDave. Do yourself a favor let this one go. The high dollsr stuff you need to see in person and buy in a reputable slab. Now this is just my opinon.
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JackB's Avatar
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1064 Posts
 Posted 03/25/2011  4:20 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
How is a fake (not saying this one is) like this made; does someone actually press a metal blank, and then make it look worn? Or take a different (more common?) year and change it to 1799? Seems like a lot of work for someone to do, and I woulda thought evidence of that would show, like a heat mark or something that indicated rework. I have a 1798 that I bought 15 yrs or so back, and this thread is depressing me. I'll put that one up as soon as I've gained the technical expertise.
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vermontensium's Avatar
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16679 Posts
 Posted 03/25/2011  4:37 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
If it is a fake, it's admittedly throwing me off a bit.
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Wei Fun's Avatar
United States
244 Posts
 Posted 03/25/2011  5:39 pm  Show Profile   Bookmark this reply Add Wei Fun to your friends list Get a Link to this Reply
@JackB it depends on the coin. This sort of coin would be minted as a fake (if fake), then mechanically worn (or simply minted to look worn). Others, where the coin type is common enough, but a given date/mm rare, you might find altered-date coins.

Don't get depressed. As long as coins have been made, people have been making fakes. That's neither new, nor particular to US coins.
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JackB's Avatar
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 Posted 03/25/2011  5:52 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
Thanks Wei Fun - in all the years I've purchased coins, I guess naively, I've never thought once about a coin being a numismatic fake; cleaned coins yeah, maybe a slider stuck in there and misrepresented, but not a counterfeit. Now I read about Chinese fakes all over the place, kinda scary. I really shouldn't be surprised; I'm always telling others there are thieves anywhere money is concerned (just watch the news), so why not where there is actual 'money' involved!
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