John Frost writes:
The Liberty Seated Collectors Club has confirmed a new and dangerous counterfeit 1872-S Seated half dollar, two of which had been certified by major grading services. We issued a "Be on the Lookout" supplement to the monthly E-Gobrecht publication, with the announcement and the key pick-up points for this counterfeit.
We brought an example (the discovery piece) to the recent FUN show and showed it to the 4 major grading services, auction houses, and many dealers on the bourse floor.
The write-up by myself, Bill Bugert, and Dick Osburn, can be found at the LSCC website
Thanks. Here are the details - be careful out there! This is a "really good" fake.
-Editor
Counterfeit 1872-S Liberty Seated Half
At the recently concluded Houston Money Show, we
confirmed the existence of a new and extremely
deceptive 1872-S Seated half dollar. Although we will
describe the discovery and the subsequent
investigation in the March 2017 issue of the Gobrecht
Journal, we did not want to wait until then to publicize
this new counterfeit. There are now five of these
known and more will surely appear in the meantime.
They are good enough that two of them have already
fooled the major grading services. Four of the
counterfeits sold on Ebay in August 2015, October
2015, March 2016, and August 2016. The fifth
appeared at auction this past summer, and may have
been the second or third example from Ebay (but that
isn’t known).
Although there are numerous die markers that we
used in the investigation, the key pick-up points to
detect this counterfeit are the following (and seen in
the photos below).
-
High and very small S mintmark (this size/style
mintmark does not appear until later, in 1875)
-
Die gouge next to the first T in TRUST.
Note: both of these pick-up points are perfectly
legitimate on some 1875-S coins, but not on 1872-S.
The counterfeit will be presented as part of the LSCC
meeting at FUN next week (Friday at 9:00 a.m.), and
it will be available for examination at both the
meeting as well as the LSCC-BCCS club table (#740)
on the bourse floor.
Be on the lookout for this new counterfeit! If any of
you see additional examples, the LSCC would be
interested in hearing about them. If you can provide
the timeframe in which you see them, and the source
(e.g., Ebay, auction, local dealer, show, etc.), that
would be very helpful. Please notify us at the LSCC
email address, lscc@lsccweb.org. Thank you!
And look for the full details in the March Gobrecht
Journal.
To read the complete article, see:
Be on the Lookout! New dangerous counterfeit
1872-S Liberty Seated Half
(www.lsccweb.org/144-Supplement-Jan2017-BOLO-1872S-counterfeit.pdf)
Wayne Homren, Editor
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