Poll: "You Suck" award, yes or no ?
dcarr
Posts: 10,047 ✭✭✭✭✭
I spent the day at the Denver pre-ANA show. Not the high-end one, but the "Denver Coin Shows" special exhibition at the Stock Show complex (I have a table there).
Anyway, I was looking through a dealer's $14 Morgan dollars and I bought this one:
Anyway, I was looking through a dealer's $14 Morgan dollars and I bought this one:
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<< <i>So is that a counterfeit then?
YES FAKE
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
<< <i>So is that a counterfeit then?
Yep, Counterfeit Micro O.
TorinoCobra71
I wouldn't say "you suck," but it's kinda cool.
<< <i>Officially you can not get a YOU SUCK until the coin has been slabbed and then the amount of SUCKAGE has been figured out. >>
i wanna play this game
``https://ebay.us/m/KxolR5
<< <i>Interesting piece even thiough it's a fake. As long as you knew it was a fake, for only $14, what the heck? I suppose it's a nice reference piece.
I wouldn't say "you suck," but it's kinda cool. >>
The interesting part is that these coins got a clean bill of health from collectors and dealers for so long. This pictures clearly shows that the coin has many of the earmarks of a well-made but detectable counterfeit.
What do these counterfeits go for now?
<< <i>Interesting find.
What do these counterfeits go for now? >>
That is what I'd like to find out. I searched eBay for current and recent auctions and the only thing similar was 1900-o micro-o that was only in G condition (at best) and it sold for about $80.
Here is what I know about the Micro-O Morgans.
The 1880-o Micro-o is genuine and relatively common.
The 1899-o Micro-o is genuine and relatively scarce.
The 1896-o, 1900-o, and 1902-o Morgans are all counterfeit. The are also very rare. By their very nature, all were released into circulation, and the 1902-o shown is about as nice a grade as they come. They probably had a slightly circulated look to them as made. No "mint state" examples are known.
In the early 1900's, the silver in a silver dollar was worth less than $1. So someone apparently made these coins with a proper weight and metallic content. They were made to be spent to earn the profit ($1 face value minus silver cost).
These are listed as "Top 100" VAMS. Up until about a year ago, the major grading services would slab these as genuine US Mint produced coins. A coin like the one shown was worth $400-$600 ???.
I had never seen one of these until yesterday. It looks like a counterfeit to me, and I don't know why it took so long for collectors and graders to catch on.
What I don't know is, now that these are properly attributed, what has happened the their value. They are certainly still a sought-after "VAM". But I don't know if the values have gone up, down, or sideways (my guess is sideways or slightly down, but not by much).
No. If the coin were genuine, it would be an actual die variety.
Fey's price guide is still listing them at big bucks for XF grades but I like to see some proof of the claim before I'll agree with it. The lower grades at listed at a couple of hundred, which I can see happening.
Semper ubi sub ubi
<< <i>The coin shown above would have sold for $4000 before the PCGS announcement. If it were in a PCGS holder now, I estimate it would sell for $2500. But as a raw coin, maybe about $400. >>
Do you really think the coin in a PCGS slab would sell for $2500? I haven't seen too many of these sell since the announcement but the ones I do see sell have only been for a couple of hundred. I don't scour all the auctions so I thought maybe you might know of some that have sold since the announcement.
Semper ubi sub ubi
Is that a tiny 'Made in China' I see incused under one dollar?
I been here 2.5 years and have yet to recieve even an honorary " YOU LACK ATMOSPHERE" ™
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>YOU SUCKS ™ are only awarded by an ELITE ™ group of the INNER CIRCLE OF TRUST ™ and only after the amount of SUCKAGE ™ has been determined !
I been here 2.5 years and have yet to recieve even an honorary " YOU LACK ATMOSPHERE" ™ >>
<< <i>You Suck™ from me. The coin is still worth big bucks as a contemporary counterfeit. More research has gone into these lately, and additional die pairings by the same counterfeiters have been discovered. VAM collectors don't let PCGS dictate what they collect. >>
Very true (and appropriate).
<< <i>You Suck™ from me. >>
Thanks, it's my first !
(Well, the first that anybody here knows about, that is.)
<< <i>Did all this come about due to the Aug. 21 Coin World?? >>
Actually, no. I came home with the coin and opened the new issue of Coin World that was in my mail box.
Then I saw the article about "O" mint Morgan dollars. But I already knew what the coin was when I bought it.