• seperator

Seated collectors warn of fake

fake0124vert

Counterfeit 1872-S Liberty Seated Half (Courtesy Liberty Seated Collectors Club)

By John Frost with Dick Osburn and Bill Bugert

Editor’s Note: Following is a Jan. 1 warning emailed by the Liberty Seated Collectors Club to its members.

Be on the lookout! New dangerous counterfeit 1872-S Liberty Seated Half Dollar.

At the recently concluded Houston Money Show, we confirmed the existence of a new and extremely deceptive 1872-S Liberty Seated half dollar.

Although we will describe the discovery and the subsequent investigation in the March 2017 issue of the Gobrecht Journal, we did not want to wait until then to publicize this new counterfeit. There are now five of these known and more will surely appear in the meantime.

They are good enough that two of them have already fooled the major grading services. Four of the counterfeits sold on eBay in August 2015, October 2015, March 2016 and August 2016. The fifth appeared at auction this past summer, and may have been the second or third example from eBay (but that isn’t known).

Although there are numerous die markers that we used in the investigation, the key pick-up points to detect this counterfeit are the following (and seen in the photos):

• High and very small S mintmark (this size/style mintmark does not appear until later, in 1875)

• Die gouge next to the first T in TRUST.

Note: Both pick-up points are perfectly legitimate on some 1875-S coins but not on 1872-S.

fake0124cdhoriz

Shown at left is the high, very small S mintmark. At right is the diagonal gouge next to T in TRUST. (Images courtesy Liberty Seated Collectors Club)

The counterfeit will be presented as part of the LSCC meeting at FUN next week (Friday at 9 a.m.), and it will be available for examination at both the meeting as well as the LSCC-BCCS club table (#740) on the bourse floor.

Be on the lookout for this new counterfeit! If any of you see additional examples, the LSCC would be interested in hearing about them. If you can provide the timeframe in which you see them, and the source (e.g., eBay, auction, local dealer, show, etc.), that would be very helpful. Please notify us at the LSCC email address, lscc@lsccweb.org. Thank you!

And look for the full details in the March Gobrecht Journal.

 

This article was originally printed in Numismatic News. >> Subscribe today.

 

 More Collecting Resources

• Are you a U.S. coin collector? Check out the 2017 U.S. Coin Digest for the most recent coin prices.

• Purchase your copy of The Essential Guide to Investing in Precious Metals today to get started on making all the right investing decisions.

This entry was posted in Articles, Features, General News, News. Bookmark the permalink.

One Response to Seated collectors warn of fake

  1. 00fred00 says:

    This is the sort of thing that is ruining the hobby, in my opinion. A similar situation happened to me. I bought an 1875 P Trade Dollar (Type 1/1) on Ebay that was slabbed by PCGS. I checked the slab number before I bought the coin and the PCGS site validated the number and coin. I removed the coin from the slab and placed it in a Dansco Album. Dumb on my part. I have since sent all my Trade Dollars to either ANACS or ICG to get certified as I am considering selling the collection. Neither ICG nor ANACS would certify my 1875 P that had previously been certified by PCGS. I talked to the graders from both ICG and ANACS and both stated they would not slab the coin. If the “Pros” can’t get it right, how does the average collector stand a chance?

    Fred Gage
    Citrus Heights, CA

Leave a Reply