IHC collectors - do you have a shallow N reverse that matches this coin??
Lakesammman
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Rick Snow recently wrote up an article in Longacres Ledger on this coin. We suspect it is a counterfeit. It would help however if we could identify another genuine or counterfeit coin with the same die characteristics and/or contact/wear marks. It currently is a unique coin. If you have a match (1876 obverse or any shallow N reverse), we would appreciate hearing from you.
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Comments
Jim
If the original coin had a clash mark, it would show up on the counterfeit too. That is the rational for looking for repeating contact marks - they should be unique to a coin, not the die. If other coins show up with the same cantact marks from circulation then we can be sure they are ALL counterfeits as they too would have been transferred to the counterfeit die. According to the articles the counterfeit die is short lived (2-3 coins) so there won't be too many out there.
I never thought a spark erosion die could result in such a smooth surface but that is allegedly the process used on the 1959 wheat-back that's been in the news - amazing. If I was the counterfeiter, I wouldn't have wasted all that time and effort on a 1876!
An article about this coin can be found here (requires Adobe Acrobat). Until another can be found with or without the same markers it remains a bit of a mystery coin even though the experts lean heavily towards counterfeit. It is strange that someone would go to the trouble of counterfeiting an 1876.
Tom
From what I've observed all 1877s have two reverse die traits your 1876 has, some much more obvious than others: the inverted L shape above the O of ONE, and the V shape extending down from the wreath to the upper right of the E in ONE. I've always assumed the ones that barely show it are early die states and the more obvious ones later states.
Tim's 1876 compared to a typical later die state 1877.
Even Stewart Blay's finest known shows faint traces of this when magnified.
Since your 1876 example shows it in such detail, does that make a strong case for it being cast from a later die state 1877?
Paul:
Here are pics from a couple coins I own, the upper pic is from a 1872 PCGS64R shallow N, the lower from a 1871 (raw). It has the same clash marks on the reverse. The backwards "L" above the "O" is the chin-neck junction of the clashed obverse die, the "V"'s being the inner portions of the feather junctions. If you look closely on the reverse of a coin struck from a heavily clashed die there will sometimes be three of these V's. On the 1871 and 1876 you can see 2 of these. They are common to all (IHC) dates, not unique to 1877. Check out the heavily clashed reverse on a 1864 at indianheads.org!
My hope was that the 1876 was a very late-in-the-year coin as they were getting ready to change over to the 1877. Since the 1877 reverse is a miracle die of sorts (given it's life span for the entire 1877 run), it would be strectching to think it also survived use in 1876. But, who knows.....
I wrote the guy referenced in the article on the counterfeit 1959 wheat back cent to see if he had any knowledge of IHC counterfeits - will let you know if he responds.
Take a look at the 1877's you have on file and see if you notice any "pimples" at the 10 and 12 oclock positions - that would seem to be a useful die marker....
IMO the reverse is from an 1877 and the counterfeiters used a mistake for the obverse.....but that's just a guess.
stewart
For interested parties, this was written up in the Longacre's Ledger. E-Mail me for membership details.
Thanks for the comments - I'm still keeping my hopes up!