1892 Korea 5 Yang - Genuine or Fake?

Do you think that this raw 1892 Korea 5 Yang silver coin is genuine or fake?

However, it's quite rare and I'm unsure if the die markers are matching up.

The last two pics show a proof version of the same coin from Heritage Auctions. Maybe that's unfair to compare a proof version of the same coin, but I feel that it highlights the details better while the die may be the same one used for the circ strikes since only about ~20,000 circs and ~13,000 proofs were struck.

Thanks in advance!

 

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I'm leaning towards fake. What is the weight and can you show a photo of the edge?

This if genuine is easily a four figure coin.

 

That said, I'm curious to know where you got your mintage figures?

The total mintage of this coin is 19,923. Very few proofs were struck - no figures available but I do not believe any more than 50 were struck.

 

Agree with fake. It looks like a lot of the "silver" crown-sized coins I saw in Korea. Any number of countries, all had that same flat-looking color. All, of course, were fakes.
That being said, I know nothing of the series so I am only going on gut feeling.

 

Here's the edge:



I got the mintage figures from Numista:
https://en.numista.com/catalogue/pieces15833.html

Maybe it's a typo but it says this:

 

iPen, thanks for the link. I will contact numista. That figure cannot be correct as proof coins of this era are extremely rare.

I am sorry to be a pain but a better quality of the edge will be much appreciated. I'm certain you can understand why because of its possible value.

 

Yeah I think that the flatness and wear may have been deliberately put there to hide details and such. But, I'm trying to connect the die markers to more or less know for sure. There aren't too many articles pointing out fakes vs authentic pieces for this particular coin, probably because it has a low mintage and a relatively low survivorship.

 

Scale, xrf, tpg.

 

From your photos this appears to be a somewhat older generation fake with the edge applied as a separate strip of metal attached to the main body of the coin. These types of fakes are not nearly as common since the process to make them is a bit more complicated. The circular line in the wide rims going around both sides is evidence of this. I would expect the weight to be between 22 and 26 grams.
Interesting piece

 

Thanks, I'll ask for a refund.

I knew something looked off but nothing was definitive and it was too difficult to tell from the die markers.

 

If you don't mind me asking... how much was it?

 

my 2004 Krause catalog has this coin...
KM#1114, 5 Yang, 1892, mintage-20,000 .900 silver, weight- 26.9500 g. or 0.7798 oz.
grade/value
F-$700 VF-$1,200 XF-$2,000 UNC-$3,500
proof-$9,500
I am sure the values are higher now.
your coin has a strange color to it. where did you buy this coin ?

 

This looks like the kind of coin where you can throw away the catalogue.

A proof in NGC-PF63 brought $43,125.00 in September 2011 - see https://coins.ha.com/itm/korea/worl...er-proof-5-yang-year-501-1892-/a/3015-24512.s

A business strike NGC-MS63 brought $9,200.00 in June 2000 - see https://coins.ha.com/itm/world-coin...-km-1114-lightly-toned-proof-wit/a/230-6738.s

Prices cited include the juice.

 

Agree with fake.

 

What do you think of this? I could never make up my mind on this. I bought it as ex-jewellery pretty cheap more than a decade ago

 

1.the stereoscopic sense of the coin pattern is poor,and the detail of the coin pattern are not enough.
2. the abrasion on the surface of the coin is not natural enough.

 

Weak/missing details are worrisome, but the photo is too small to tell if this is how the coin was made or the result of being ex-jewelry. But knowing your eye, if you have doubts there is probably a reason for it

 

Does this one look real? It's a relatively "high grade" 1 Yang as opposed to a 5 Yang, and it doesn't have a washed out and worn appearance. The die markers appear to match up pretty darn well:

 

@Numismat - will try to find better photos. I don't have the coin on hand so I will have to find photos of what I took a decade ago. From memory, I believe the coin was slightly underweight. I compared it against a Japanese 1 yen as they were struck in similar specification and the edge checked out ok.

iPen - I'm concerned about the carbon spots. They seem to be a common issue with the modern counterfeits. I have a 20 chon coin that I bought a while back and sadly it was one after very close examination with other coins that I have in my collection. That coin too has very similar carbon spot issue.



My best advice is to start small. I started with the 5 fun copper coins as it is more affordable. Of course, counterfeits sadly exist in all denominations, even with copper...

 

Interesting... I did plan on submitting it to NGC. The Canadian based seller has a lot of coins and they all look legit. I'm going to have to make a more granular analysis of the die markers compared to a known authentic example.