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Was this 1796 Quarter the real deal ????
TennesseeDave
Posts: 4,743 ✭✭✭✭✭
I saw this up for auction on EBay the other day as the seller had a few Trade $ also. Supposedly came from an inherited collection. It sold for north of $15,000 and I'm wondering if it is authentic. Kind of looks like the date may have been altered to me. 1796
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bob
1795 Dollar with 3 leaves is bad too.
Bob
All other coins of this collections seem to me cleaned and no grades too.
Would stay away from all of these.
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In a quick scan, his auctions look legit. He does not have anything newly graded. He obviously put all the coins in flips and self graded them, but with a 14 day return, a couple of those might have been worth a look.
The "altered date" Looks to be repairing a plug
peacockcoins
I can still see the listing. It sold but scroll down.
1796 quarter... on first glance looks nice... not graded by any grading company.
Looks like damage around the date that would give it a details grade.
Seller has not a lot of feedback to be selling a coin of this caliber.
Obviously a lot of people have qualms with it because a slabbed one that looked like that should be worth what like 5x that selling price? In my opinion, $15,000 for that coin is way too good to be true, and if something is too good to be true, it probably is.
Why are people saying it's fake? Genuinely curious. Because it's not slabbed?
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
There's a lot of red flags with this...
1796 quarter... on first glance looks nice... not graded by any grading company.
Looks like damage around the date that would give it a details grade.
Seller has not a lot of feedback to be selling a coin of this caliber.
Obviously a lot of people have qualms with it because a slabbed one that looked like that should be worth what like 5x that selling price? In my opinion, $15,000 for that coin is way too good to be true, and if something is too good to be true, it probably is.
Why are people saying it's fake? Genuinely curious. Because it's not slabbed?
All the basic characteristics of a 1796 Low 6 from the Tompkins book are present on this coin for the obverse and the reverse from what I can tell. The date is the real problem with the discoloration around the date and what appears to be die rust spots in the picture which are not present on any known coins for this date to my knowledge.
I also find it disturbing that the listing only allows you to click on the reverse photo for an enlarged picture and the zoom function is only on for the last two pictures which are far away and in the 2X2's. Why doesn't the listing allow you to zoom in or enlarge the obverse?
Another issue is any experienced seller would realize the increase in price if the coin were graded as genuine. I would question why this coin is not graded just because of that fact. Maybe they tried and didn't like the result but who really knows.
I guess eBay and PayPal protect the seller and it has a 14 day return policy. I guess the buyer could theoretically take the coin to Baltimore to get verbal opinions from some experts and still be within the return period.
If you took the coin to Baltimore, you could have it graded in 4 hours. To Heck with the verbal opinions.
All the basic characteristics of a 1796 Low 6 from the Tompkins book are present on this coin for the obverse and the reverse from what I can tell. The date is the real problem with the discoloration around the date and what appears to be die rust spots in the picture which are not present on any known coins for this date to my knowledge.
I also find it disturbing that the listing only allows you to click on the reverse photo for an enlarged picture and the zoom function is only on for the last two pictures which are far away and in the 2X2's. Why doesn't the listing allow you to zoom in or enlarge the obverse?
Another issue is any experienced seller would realize the increase in price if the coin were graded as genuine. I would question why this coin is not graded just because of that fact. Maybe they tried and didn't like the result but who really knows.
I guess eBay and PayPal protect the seller and it has a 14 day return policy. I guess the buyer could theoretically take the coin to Baltimore to get verbal opinions from some experts and still be within the return period.
Yeah it does not look obviously fake to me. I didn't pull out my book to check every last detail (not home). But I couldn't find an obvious inherent flaw. It seemed to pass the basic eye test of likely real. I agree the date discoloration is weird and I haven't seen anything like it either, although in my youngish age I have probably not seen nearly all of them.
Yeah I was annoyed I couldn't zoom in either. And the fact it wasn't graded at all is a little weird on a coin like this in 2016 in my opinion.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
If you took the coin to Baltimore, you could have it graded in 4 hours. To Heck with the verbal opinions.
I would be hesitant to take the coin out of the 2X2 because it might cause the seller to void the return and make things messy (This is a common caveat on eBay for returns). Will the TPG's grade or verify authenticity in the 2X2 for a coin of this magnitude?
If you took the coin to Baltimore, you could have it graded in 4 hours. To Heck with the verbal opinions.
I would be hesitant to take the coin out of the 2X2 because it might cause the seller to void the return and make things messy (This is a common caveat on eBay for returns). Will the TPG's grade or verify authenticity in the 2X2 for a coin of this magnitude?
Take a staple out of one side and put it back in the same holes, it is not a high security holder!
If you took the coin to Baltimore, you could have it graded in 4 hours. To Heck with the verbal opinions.
I would be hesitant to take the coin out of the 2X2 because it might cause the seller to void the return and make things messy (This is a common caveat on eBay for returns). Will the TPG's grade or verify authenticity in the 2X2 for a coin of this magnitude?
Take a staple out of one side and put it back in the same holes, it is not a high security holder!
True
If I would have seen it, I'd place a $500 bid but $15k is just nuts.
The "altered date" Looks to be repairing a plug
I agree....I think it's a repair - and a bad one.
Also, I have no doubt the new owner will be not
very happy with spending over $15K on this.
Send the coin to PCGS for their Genuine - Damaged
Holder.
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Why doesn't it show on the reverse?. Hid by the dark toning?
Other than a light old cleaning and some small adjustment marks on the rev, it looked Ok to me. This same fellow sold a nice
raw better grade AMERI chain cent to one of the big copper guys the month before. So, there are still some decent raw coins about - but,
it's a huge difference if you are an expert and can examine the coin in person, vs- something on eBay.
Well it fooled me on the plug. Never seen it till it was brought up.
Why doesn't it show on the reverse?. Hid by the dark toning?
Part of me was wondering this same thing.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
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"Bid activity (%) with this seller: 82% "
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BUT....if I were offered it I'd have to make a low offer to not get burned. Very low.
Plugged/repaired/tooled and as a previous poster said, looks bent as well.
The superfecta of 1796 quarters!
I agree with the others. Holed and plugged and not well plugged with a layer of artificial toning. The trouble with holes in the date area is that the legitimate repair guys don't like to work on them, or at least that was the way it was years ago. If they did work on them, they made sure that the repair was obvious.
Here is a piece with similar sharpness with which you can compare the coin in question.
This one is a PCGS certified VF-25.
ended listings - fb
seems they sell lots of raw spensive coins.
.