Contemporary counterfeit in an upcoming major coin auction.

TwoKopeiki

I've sent a note to the organizer(Cayon) to either update the description or pull the lot a few days ago and received no answer.

Here's the coin in question: 1824 Hook Neck 8 Reales from Mexico Mint. Lot's of red flags, including the reversed superscript "s" in "10 Ds 20 Gs". Eagle has a lot of hand-cut elements, cactus pads are missing, legend is crude, etc... Great example of a die-struck contemporary.

To a collector of counterfeits, it's still a few hundred dollar coin. In the email I mentioned that I would be willing to offer the seller 200 Euro if the auction house would feel obligated to pull the lot.



Cayon's description:

WORLD COINS COLLECTION
MÉJICO

República. México. 8 reales. 1824. JM. KM376-2. Acuñación floja. VF. Escasa.
(Estimate: 125-175)

IloiloKano

What is the date of auction?

Please update this post if the organizers respond.

coinpictures

<< <i>In the email I mentioned that I would be willing to offer the seller 200 Euro if the auction house would feel obligated to pull the lot. >>



And that may be why nothing has been done. They suspect ulterior motive.

TwoKopeiki

<< <i>

<< <i>In the email I mentioned that I would be willing to offer the seller 200 Euro if the auction house would feel obligated to pull the lot. >>



And that may be why nothing has been done. They suspect ulterior motive. >>



That shouldn't stop them from investigating the lot.

I'll post any updates to this.

TwoKopeiki

They're looking into it:



<< <i>Dear sir,

Thank you very much for your email.

I will check this.

In case it is counterfeit, I will withdrawn. But anyway, in that case, I will tell the consignor your offer.

Keeping in contact

Regards,

Juan Cayon >>

sinin1

is this auction still coming up?

TwoKopeiki

<< <i>is this auction still coming up? >>



Yup. Bidding closes on the 25th. This lot is still up without any update to the description.

pruebas

They'll probably announce it is withdrawn during the floor auction. They just leave it online and ignore all bids.

I've seen Heritage (World Coin Auctions) do this as well.

dizzlecc

Nice catch. Share the end of the story with us when you can.

sinin1

what happened at the auction?

TwoKopeiki

Looks like they sold it without even updating the description. I can only hope it went to a counterfeit collector, but with 450 Euro as the realized price - i doubt it...

Auction page