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1871 Trade Dollar.....Counterfeit?
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<p>[QUOTE="satootoko, post: 12364, member: 669"]U.S. trade dollars circulated widely in Asia, alongside British and Japanese trade dollars, Austrian thalers, Spanish 8 reales, and several other coins. As a result, all were heavily counterfeited (counterfeit as in made to pass off as legitimate currency) in the late 19th Century. Currently China produces many forgeries (forgeries as in made to pass off as genuine collecible coins) of those same coins. Counterfeits <i>generally</i> approximate the specifications and designs of genuine coins, because they were intended for use by people who were familiar with the real ones. Forgeries frequently take great liberties, such as excessive width, light or heavy weight, unreal calligraphy or designs, and phony dates. Similar to your example, a Meiji 1 (1868) Japanese silver ¥1 frequently shows up on eBay, even though the first such coins were dated Meiji 3 (1870)! Also, it's not uncommon for forgeries to look as if they are VF/XF, presumably to make them appear more realistic. Artificial wear can also conceal the graininess on the surfaces of a cast coin.</p><p><br /></p><p>That said, considering the value a genuine pattern would have, it may well be worth gambling the slabbing fee to see if you've struck oil or water. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> </p><p>If you do, stick with the top tier grading outfits, and stay miles and miles and miles away from the flaky ones.[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 12364, member: 669"]U.S. trade dollars circulated widely in Asia, alongside British and Japanese trade dollars, Austrian thalers, Spanish 8 reales, and several other coins. As a result, all were heavily counterfeited (counterfeit as in made to pass off as legitimate currency) in the late 19th Century. Currently China produces many forgeries (forgeries as in made to pass off as genuine collecible coins) of those same coins. Counterfeits [I]generally[/I] approximate the specifications and designs of genuine coins, because they were intended for use by people who were familiar with the real ones. Forgeries frequently take great liberties, such as excessive width, light or heavy weight, unreal calligraphy or designs, and phony dates. Similar to your example, a Meiji 1 (1868) Japanese silver ¥1 frequently shows up on eBay, even though the first such coins were dated Meiji 3 (1870)! Also, it's not uncommon for forgeries to look as if they are VF/XF, presumably to make them appear more realistic. Artificial wear can also conceal the graininess on the surfaces of a cast coin. That said, considering the value a genuine pattern would have, it may well be worth gambling the slabbing fee to see if you've struck oil or water. ;) If you do, stick with the top tier grading outfits, and stay miles and miles and miles away from the flaky ones.[/QUOTE]
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1871 Trade Dollar.....Counterfeit?
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