Another forgery

Discussion in 'US Coins Forum' started by ToughCOINS, Nov 30, 2014.

  1. ToughCOINS

    ToughCOINS Dealer Member Moderator

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  3. Volante

    Volante Well-Known Member

    I know little about U.S. gold, but what is it that makes these Indian Head quarter eagles such a big target for counterfeiters? Is it just because it's more difficult for beginning collectors to detect inconsistencies in an incuse design?
     
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  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    There are several factors . . .

    • Like Gold Dollars, the numismatic premium above gold content is still substantial, so they can justify making forgeries with the correct gold content, so as to maximize their deceptiveness;
    • Because of the limited application in our coinage, the incuse designs are harder for most to authenticate properly;
    • Small gold pieces tend to attract a lot of uneducated buyers, intent on placing the coins as gifts (birthdays, Christmas, graduations, etc)
     
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  5. Seattlite86

    Seattlite86 Outspoken Member

    Would you kindly help me understand how you've determined it a forgery? My wife and I looked at it against PCGS' Photograde and detected some inconsistencies with tips of the feathers in the headpiece and the eye of the eagle. Sadly, I do not own any of these, so I don't have anything to compare it with.
     
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  6. Seattlite86

    Seattlite86 Outspoken Member

    [QUOTE="Maybe we need a separate category within the Forums where we can report forgeries?[/QUOTE]

    Maybe we should create a category where we teach people about forgeries and help them identify coins that look like it. It would be cool to have a photo database for when the ebay links cease to function.
     
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  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    While this forgery is not in it, I recommend you buy a copy of Bill Fivaz' book United States Gold Counterfeit Detection Guide. It will instill in you the right critical thinking approach to examining all coins, and not just gold coinage.

    As for the coin referenced above, the poorly crafted date is the most easily identifiable "tell".
     
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  8. OldGoldGuy

    OldGoldGuy Members Only Jacket

    @PeterTDavis

    I think a separate section of threads titled "Numismatic Counterfeits and Forgeries" or something along those lines is a FANTASTIC idea. I am pretty sure the sites host-owner wouldn't mind the added site traffic from google searches this would inadvertently create. The only thing I can think of that could be a possible thorn in the bum is that some, and this 'some' is a very small number, of the people with listings being accused of something non-genuine may be very upset. But that seems like a very small percentage of scammers who duck and hide when the jig is up. And I don't know if there even is any legal consequences to the actual host-site for publishing these opinions. I dont think there is. Just playing devils advocate. But I would certainly support and encourage a numismatic awareness themed section.
     
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  9. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    It might be a good idea as long as each person in favor of it puts up, say, $1,000,000 on Peter's behalf for the lawsuits that will follow.

    If you don't want to pay, then go play in someone else's sandbox.

    Chris
     
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  10. Seattlite86

    Seattlite86 Outspoken Member

    I could see how that could be a problem.
     
  11. OldGoldGuy

    OldGoldGuy Members Only Jacket

    I am pretty sure I referenced the possible, however minute it may be (in my opinion), possibility of headaches arising from creating this apparently controversial section.

    So the only way to suggest a modification, change, etc, would be by ponying up $1M? Maybe I am wrong, but the little bit I found on our gracious host from a simple Google search indicated he is definitely open to suggestions. That would also be a contributing factor to his success I believe. Listening to your audience is key.
     
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  12. phankins11

    phankins11 Well-Known Member

    @Seattlite86 i went to NGCs coin explorer this morning and compared a 1927 2.50 Indian to the ebay listing...this was a great excessive. The date is the biggest giveaway here. On these 2.50 Indians the dates have inner lines in them...its the only way I can explain it...you have to see it to know. Along with the date the whole head dress detail is much sharper on a genuine coin, and on the obverse, again the lettering in the 2 1/2 dollars is a dead give away. FYI I'm no expert on these, but I am starting to expand my counterfeit detection skills because I will be bying these at some point in the future and I want to make sure I know a fake\forgery when I see it.

    Here is the ngccoin link to the 1927 2.50 Indian head.

    http://www.ngccoin.com/coin-explorer/indian-head-250-pscid-58/1927-25-ms-coinid-17951

    Thanks @ToughCOINS , keep'em comin'. I learn every time you post one of these :)
     
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  13. micbraun

    micbraun coindiccted

    What would be the difference if there was a dedicated section for 'potential counterfeits'? I thought the site owner is always responsible for the content?
     
    Last edited: Dec 1, 2014
  14. rlm's cents

    rlm's cents Numismatist

    I only report coins I understand and can see are forgeries. That "explanation" would say ALL gold dollars are forgeries. Pray tell what is it about THIS coin that tells you it is a forgery?
     
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  15. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I'm not sure what it is in my answer that implies that all gold dollars are forgeries. I was answering the question, ". . . what is it that makes these Indian Head quarter eagles such a big target for counterfeiters?".

    Did you have the impression that I was answering a different question?

    By the way, it was the amateurish date and stars that immediately gave it away.
     
  16. carboni7e

    carboni7e aka MonsterCoinz

    Why would anyone buy from a user with 0 feedback? That's proof enough for me.
     
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  17. micbraun

    micbraun coindiccted

    Luckily you're not working as a DA or judge :)
     
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  18. jwitten

    jwitten Well-Known Member

    At least the pics are good enough that you can tell it is a fake. It is a good enough fake to fool many, but to those that buy these all the time, this one is obvious.
     
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  19. carboni7e

    carboni7e aka MonsterCoinz

    Luckily I don't apply that same logic to any other scenario :)
     
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  20. jwitten

    jwitten Well-Known Member

    By your logic, every ebay seller started off selling fakes.
     
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  21. 19Lyds

    19Lyds Member of the United States of Confusion

    One would have to be absolutely certain that a coin is counterfeit with much more than a simple "poorly crafted date" summary. Otherwise, there could be legal ramifications in blocking the sale or at the very minimum, minimizing the prices obtained in an auction listing.

    If this were my forum, I would not "host" such a forum since opinions based upon photographs can often be incorrect.
     
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