1862 Seated Dollar - Your frank opinions please

'bout a 9 on the tension scale there Lafayette....

 

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9.9

 

Given the protests by Lafayette(Isaiah?), one does wonder about this identity crisis...

 

I must've been out when the isaiah thing went on...I missed it all.

 

I only protest because I do not want to be banned because of the wrongs done by a totally different user.

~Lafayette

 

Well, I don't know a lot... but I do know that Salmon P. Chase was Secretary of the Treasury, and his performance was absolutely vital to the war effort. Finance was a key strategic issue.

I suppose it's possible many were exported to Europe during the war. And I think (not sure) that nations commonly melted 'em and reminted in the local Coin of the Realm.

For the Union, it was of utmost importance that the European powers not recognize the Confederacy as a legit nation. That affected a lot of decisions, and I'm sure finance and precious metal was a major issue. And a major advantage for the Union.

Eduard always comes up with interesting threads... :thumb:

 

The War caused upheaval in everything. I remember reading that ~10 years earlier, the 1849 discovery of Gold in California dropped the value of gold relative to silver.

Since silver was then relatively valuable, it meant silver coins had more melt value than face value. Which meant they disappeared from circulation.

So in 1853, the Mint dropped the amount of silver (leading to the "arrows at date" thing). It's possible this effect lasted into the 1860's.

I suppose the convulsions caused by the War had great impact on precious metals. I'm interested in hearing from someone who has more knowledge.

 

Here's something interesting :

Source : "United States Pattern Coins 10th Edition" p.86 by J. Hewitt Judd, edited by Q. David Bowers

 

What details, and how do they differ from genuine examples?

 

We're waiting, waiting, waiting...hya:

 

Well then stop waiting waiting waiting. The flaws with this poor quality Chinese copy are too numerous to note, so I will post a photo of a genuine specimen. See the difference? I thought so.
This:


compared to this cheap Chinese counterfeit:

 

Oh boy, here we go again....

 

How so? This is only my first thread where I have found a coin highly questionable. There shall be no debate. My photos clearly PROVE my point.

~Lafayette

 

Lol

 

You've lost me.

 

Actually, Trade dollars have been coming out of China for as long as I remember. ~40 years. I don't know about seated dollars though

 

For your information, this is what a counterfeit 1862 seated dollar looks like. The OP's is genuine.

 

Thank you 900fine! those are very interest comments on silver coinage during the years of the civil war.


Here are some more pics of the obverse and reverse of this coin:

I am definitely (!) not expert enough on the characteristics of seated liberty dollars to say for sure this one is real. BUT this coin just does not have that "look" which fakes have.
And if it is a fake, then it was a horribly expensive one! (a bit of humor here)

 

Thats the first cheap chinese counterfeit I've ever seen that matched up diagnostically in every way to an original, the chinese must have had advanced techniques 20+ years ago when this coin was purchased to get the numbers just right, have the eagles talons at just the right angles and all the stars lined up on the dentils exactly as they are in your example. I'll say it again, not to be rude, but you are out of your element and until you provide more explanation than pictures prove it when the only discernible difference in the pictures is the fact that one is MS and the other is AU and the photo is a bit on the blurry side, you're just blowing any future credibility you might otherwise be building. I don't think there are many members that have joined this forum and immediately have gone on to make such wild accusations. Here is an example of a fake 1862 seated dollar http://www.silver-coins.org/1862_liberty_seated_dollar.html note all the things wrong obverse and realize this counterfeit is not that old.

 

i would have called GD but i dont want him to use the posts up he can explain everything in a jiffy