Please read about this altered error I found...

Discussion in 'Error Coins' started by JCro57, Oct 8, 2019.

  1. JCro57

    JCro57 Making Errors Great Again

    Most major error and die variety discoveries, especially those which make headlines and sell for big bucks, tend to draw the attention of opportunistic scammers. Some of their skills are scary good with some going as far as making fake dies, making planchets with exact diameters, weights, and metallic contents, and even professional-looking reeding and rims.

    There are many fakes and altered favorites like the 3-Legged Buffalo nickel and the 1955 Lincoln cent doubled die, but also targeted are coins for which there are only literally a handful of known examples. Such is the case for the coin below.

    Here is a genuine 1943 Mercury dime which had a set of fake 1943 Lincoln cent dies strike it a second time to make a rare and highly desired double denomination. Other than the misshapen diameter and minor rim flattening that are key flaws, notice how incredibly good the Lincoln cent designs, lettering, and numerical shapes are for a 1943 Lincoln cent.

    As to why someone would create this altered coin, it is important to know the genuine example also shown here sold for $33,600 in 2018. Someone did a pretty decent job that would fool most collectors and experienced dealers who don't know much about the minting process.

    In my opinion, learning the basics of how coins are minted, how they used to be minted, and when major processes changed is key to help avoid getting scammed.

    I bought this as an educational piece from a friend. Unfortunately, someone paid about $50 to find out it is an altered coin.

    The altered example is on top; the genuine one is below. Scary how incredibly similar the markings are, ain't it?

    1008190943_HDR.jpg 1008190942_HDR.jpg 1008190946_HDR.jpg Screenshot_2019-10-01-22-09-58~2.png Screenshot_2019-10-01-22-10-02~2.png
    Genuine photos courtesy of, and with the permission of, Stacks & Bowers
     
    Last edited: Oct 8, 2019
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  3. thomas mozzillo

    thomas mozzillo Well-Known Member

    Thank you for pointing out just how good some of those "opportunistic scammers" are. Makes me wonder how many non-error coins they made that are out there. Especially semi-key coins that don't get as thorough look over as key coins do.
     
  4. Razz

    Razz Critical Thinker

    Which coin does the "not genuine" NGC label belong too?
     
  5. JCro57

    JCro57 Making Errors Great Again

    The first set. It says so in the post
     
  6. Fred Weinberg

    Fred Weinberg Well-Known Member

    Joe, that Counterfeit Linc/Merc was
    around in the mid-70's, at least.

    Notice how the bad coin is flatter,
    and the design elements of the overstrike
    are not as strong as on the genuine example.

    This was considered 'pretty darn good' as a
    counterfeit, bad then......
     
    JCro57 likes this.
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