Be wary of this coin

Discussion in 'US Coins Forum' started by ToughCOINS, Sep 30, 2016.

  1. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Bought this coin and, upon inspecting it in person, determined it to be a good counterfeit. Tooling marks at the obverse rim are not evident in the photos.

    http://www.ebay.com/itm/1853-1-1-00-U-S-GOLD-COIN-LOTS-OF-LUSTER-YOU-RATE-IT-/232091557678?cp

    Since its return, the seller has predictably been in denial, and I imagine will list it again. I recommended he first submit it to a TPG for authentication, but the seller's only response is that it has been tested, and is real.

    Please be wary of this coin if you are looking for gold.

    - Mike
     
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  3. planman2014

    planman2014 Active Member

    When somebody says there coin has been "tested" that is a red flag in and of itself.

    Tested for what? Gold content? Silver content?

    That does not mean much of anything.

    Edit: Typo.
     
    Last edited: Sep 30, 2016
    Endeavor likes this.
  4. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Just judging from the pictures themselves, I would be in denial as well. For the benefit of anyone who sees this thread, please explain why you came to the conclusion of counterfeit.
     
  5. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    I think I answered my own questions.
     
    green18 likes this.
  6. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    If Mike says the coin has been 'tooled', it's been tooled.
     
    Endeavor, Paddy54 and C-B-D like this.
  7. C-B-D

    C-B-D Well-Known Member

    It's a very good fake. Right luster. Probably gold. The only thing I see are hair details that look just a little "off."
     
  8. Santinidollar

    Santinidollar Supporter! Supporter

    If Mike says fake, take it as gospel.
     
    Endeavor and Paddy54 like this.
  9. jwitten

    jwitten Well-Known Member

    I actually just returned a 1914 $2 1/2 the other day that I was 95% sure was fake. Could not tell by the seller photos, but it had that "off" look in hand. I was nice about the return, but the seller blocked me since then. I was a repeat customer too. Oh well.
     
  10. jwitten

    jwitten Well-Known Member

    And the reverse denticles would have given me pause with the OP coin
     
  11. tulipone

    tulipone Well-Known Member

    What does tooled mean? Casting marks?
     
  12. Paddy54

    Paddy54 Well-Known Member

    Thanks for the heads up.....and definitely trust your judgment .
     
  13. Paddy54

    Paddy54 Well-Known Member

    Tooling can mean several things casting marks, the fact that someone used some sort of tool to alter the coin in any way. Enhancements , reworking details, in coin collecting you'll find there are many ways to doctor coins. Toning, trying to hid a cleaning, Or repair.
    One of my pet peeves is sellers who try and sell coins or set that may or may not contain a key coin. Mostly advertised as unopened GSA dollars, mint set years that again may or may not contain a valuable variety .
    That's why when you're making a purchase of a rare coin it's best to do your homework first,rather than be out hundreds or thousands of dollars.
     
    tulipone likes this.
  14. Paul M.

    Paul M. Well-Known Member

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  15. Daniel Jones

    Daniel Jones Well-Known Member

    Thank you for the warning.
     
  16. Daniel Jones

    Daniel Jones Well-Known Member

    Sorry to hear about your bad experience.
     
  17. -Andy-

    -Andy- Andrew B. -Andy- YN

    Uh oh, it was sold!!!
     
  18. Conder101

    Conder101 Numismatist

    I think what he means is the DIE was worked on and left tool marks on the coin near the obv denticals. He doesn't mean the coin was tooled.
     
    Paul M. likes this.
  19. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Exactly.
     
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