Does this $20 lib look alright?

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PeakRarities
PeakRarities Posts: 4,858 ✭✭✭✭✭
edited July 2, 2023 9:06AM in U.S. Coin Forum

edit- since people are commenting again this thread was an inquiry about possible counterfeit. Im well aware that it’s a problem coin, and no, I was never considering buying it.

In the Facebook group I moderate, I had to delete a post by a new seller because of an unrealistic selling price on a damaged coin, in addition to horrible photos (not these, the first set was much worse). Now that our spidey senses are already tingling, one of the other admins is questioning the authenticity of the coin, and I wasn’t positive either. Perhaps our judgement is clouded because of the existing circumstances. Does this $20 look ok to you guys, besides the obvious cheek damage?






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  • MFeld
    MFeld Posts: 17,133 ✭✭✭✭✭
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    The coin looks genuine but not quite like a “Gem”.😉

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • may
    may Posts: 1,700 ✭✭✭✭✭
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    The die cracks make me think genuine, but the hair looks a little off. Could just be me.

  • FlyingAl
    FlyingAl Posts: 4,470 ✭✭✭✭✭
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    The coin is genuine, reverse die cracks match other graded specimens.

  • PeakRarities
    PeakRarities Posts: 4,858 ✭✭✭✭✭
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    @FlyingAl said:
    The coin is genuine, reverse die cracks match other graded specimens.

    Thank you, I just found one. I was looking before but gave up too quickly.

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  • lkenefic
    lkenefic Posts: 9,518 ✭✭✭✭✭
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    looks legit, but the cheek looks puttied?? I'd pass... I know these have gone way up in price over the last couple of years but it seems like a common date and easily found if you needed the specific date.

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • 2windy2fish
    2windy2fish Posts: 1,143 ✭✭✭✭✭
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    I believe the coin looks genuine, pedestrian, but genuine…

  • PeakRarities
    PeakRarities Posts: 4,858 ✭✭✭✭✭
    edited June 28, 2023 9:47PM
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    @lkenefic said:
    looks legit, but the cheek looks puttied?? I'd pass... I know these have gone way up in price over the last couple of years but it seems like a common date and easily found if you needed the specific date.

    Just to be clear, I was never considering buying this coin. Its authenticity was brought into question on fb, and I was seeking validation that it was authentic. Matching the die crack solidified it.

    I deleted the sellers post anyway, we don’t allow people to misrepresent raw coins in the group and he described it as if it were a gem.

    Founder- Peak Rarities
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  • skier07
    skier07 Posts: 4,833 ✭✭✭✭✭
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    The coin looks real but the rims are damaged

  • johnny9434
    johnny9434 Posts: 34,068 ✭✭✭✭✭
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    I could wait for another lib to come by and not mess with th8s one, jmo

  • HillbillyCollector
    HillbillyCollector Posts: 736 ✭✭✭✭✭
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    @MFeld said:
    The coin looks genuine but not quite like a “Gem”.😉

    >
    >
    Genuine, but not a genuine ‘gem!’😉

  • PerryHall
    PerryHall Posts: 47,753 ✭✭✭✭✭
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    @FlyingAl said:
    The coin is genuine, reverse die cracks match other graded specimens.

    Most counterfeits are made using transfer dies created using a genuine specimen of the coin to be counterfeited. If the genuine coin that is used to create the false dies used to strike the counterfeit coins has die cracks and contact marks, those defects will be transferred to the false die and then to the counterfeit coins struck from those dies. These defects will not be quite as sharp on the counterfeit as they were on the original coin used to create the false die. If two or more coins have the same exact pattern of contact marks, you can be sure that they were struck from the same set of dies and are counterfeit.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • logger7
    logger7 Posts: 9,859 ✭✭✭✭✭
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    Problem, processed coin.

  • BillJones
    BillJones Posts: 35,935 ✭✭✭✭✭
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    I think it’s genuine, but it’s got some minor damage. The spot on the cheek may be were a copper spot was scraped off to make it “look better.”

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • PeakRarities
    PeakRarities Posts: 4,858 ✭✭✭✭✭
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    @BillJones said:
    I think it’s genuine, but it’s got some minor damage. The spot on the cheek may be were a copper spot was scraped off to make it “look better.”

    Bill, to be fair I believe the spot is a scuff on the capsule the coin is housed in. There were other pictures at different angles where that spot wasn’t prominent.

    That said, I agree that it’s a damaged problem coin and not worth much more than melt.

    Founder- Peak Rarities
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  • telephoto1
    telephoto1 Posts: 4,966 ✭✭✭✭✭
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    Genuine coin with hairlines from an old wiping. That area on the cheek isn't a capsule scuff but more likely a deteriorating putty job imo, as you can see thin scratches going from the gold portion of the coin into and across that area. Anyone else have thoughts?


    RIP Mom- 1932-2012
  • PeakRarities
    PeakRarities Posts: 4,858 ✭✭✭✭✭
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    @telephoto1 said:
    Genuine coin with hairlines from an old wiping. That area on the cheek isn't a capsule scuff but more likely a deteriorating putty job imo, as you can see thin scratches going from the gold portion of the coin into and across that area. Anyone else have thoughts?

    Perhaps, but I just don't know why someone would go through the trouble to putty a small spot on the cheek, when the entire cheek looks like crap. I looked at his old images and didn't really see the spot as much, but I don't have the coin in hand.

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  • braddick
    braddick Posts: 25,185 ✭✭✭✭✭
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    @2windy2fish said:
    I believe the coin looks genuine, pedestrian, but genuine…

    "Pedestrian".
    That would be a great word to add to MFeld's thread on numismatic terms.

  • BuffaloIronTail
    BuffaloIronTail Posts: 7,766 ✭✭✭✭✭
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    @BillJones said:
    I think it’s genuine, but it’s got some minor damage. The spot on the cheek may be were a copper spot was scraped off to make it “look better.”

    I don't know how much better anyone can make a coin with a serious case of acne.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • lkenefic
    lkenefic Posts: 9,518 ✭✭✭✭✭
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    @DeplorableDan said:

    @telephoto1 said:
    Genuine coin with hairlines from an old wiping. That area on the cheek isn't a capsule scuff but more likely a deteriorating putty job imo, as you can see thin scratches going from the gold portion of the coin into and across that area. Anyone else have thoughts?

    Perhaps, but I just don't know why someone would go through the trouble to putty a small spot on the cheek, when the entire cheek looks like crap. I looked at his old images and didn't really see the spot as much, but I don't have the coin in hand.

    Lipstick on a pig, perhaps?

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Appears to be authentic... Just not a coin that would interest me. I really like gold coins, however, they do need to be attractive. Cheers, RickO

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited July 2, 2023 8:58AM
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    For Investment? - No / it has problems as discussed above.

    At this price level recommend PCGS graded / slabbed coins.

    Investor
  • skier07
    skier07 Posts: 4,833 ✭✭✭✭✭
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    The coin looks authentic to me but the rims look like they have problems along with the cheek and it wouldn’t interest me.


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