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dcarr
- Posts: 24
- Joined: Tue Oct 09, 2018 12:10 am
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by dcarr » Sat Aug 12, 2023 8:10 am
Just acquired these two, purchased unattributed from sellers who were not aware of their origin. What is notable is that both are very high grade. I see no circulation wear at all on either.
The 1896-O VAM-21 always has a very granular obverse (as struck) with no cartwheel. The reverse also has some granularity as well.
If you ever see a mint-state Privately-Made, it is most likely going to be a 1901-O VAM-60 like the second one below.
- dc_morg_1896O_VAM-60_obv.jpg (312.89 KiB) Viewed 594 times
- dc_morg_1896O_VAM-60_rev.jpg (311.94 KiB) Viewed 594 times
- dc_morg_1901O_VAM-21_obv.jpg (278.51 KiB) Viewed 594 times
- dc_morg_1901O_VAM-21_rev.jpg (296.44 KiB) Viewed 594 times
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DHalladay
- Posts: 3269
- Joined: Wed May 30, 2018 4:38 pm
- Location: Boise, ID area
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by DHalladay » Sat Aug 12, 2023 2:36 pm
Those are beauties!!
Did the seller price the 1896-O as a Mint State coin?
When in doubt... don't.
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Unc90o
- Posts: 383
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- Location: California
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by Unc90o » Sat Aug 12, 2023 5:02 pm
amazing finds
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RogerB
- Posts: 1221
- Joined: Mon Nov 04, 2019 2:30 pm
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by RogerB » Sat Aug 12, 2023 5:47 pm
More counterfeits. Were they struck over authentic dollars or other coins like so many domestic counterfeits?
Crooks and cons.
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dcarr
- Posts: 24
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by dcarr » Sat Aug 12, 2023 9:26 pm
DHalladay wrote: ↑Sat Aug 12, 2023 2:36 pm
Those are beauties!!
Did the seller price the 1896-O as a Mint State coin?
If they did, it would have been a lot more expensive.
I think they knew something was amiss since the obverse had none of the usual luster.
So they tried to pass it off as a cheap uncirculated coin, not knowing it was actually struck that way.
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dcarr
- Posts: 24
- Joined: Tue Oct 09, 2018 12:10 am
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by dcarr » Sat Aug 12, 2023 9:30 pm
RogerB wrote: ↑Sat Aug 12, 2023 5:47 pm
More counterfeits. Were they struck over authentic dollars or other coins like so many domestic counterfeits?
Crooks and cons.
Most counterfeits (especially vintage counterfeits) are not struck over existing genuine coins because there is no profit to be made in spending them.
At the time these VAM-listed "privately-made" were produced (probably 1910-1935), the scrap silver content in a Morgan dollar was about 40-cents or less. So for every one that the counterfeiters could make and spend, there was a profit of half a dollar or more.
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RogerB
- Posts: 1221
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by RogerB » Sat Aug 12, 2023 11:57 pm
Counterfeiting is illegal (in addition to immoral and unethical). The "name" applied to the counterfeit is not important and mutilating a genuine coins then punching it with fake dies still makes a counterfeit. The criminals can be foreign or domestic, bu the foreign ones have a biut or moral edge since the activity is legal in many of their countries -- only the importers and sellers are criminals. Domestic counterfeiters, distributors and sellers have no technicality to fall back on -- except their die work is so bad and childish, that it doesn't compare with fake Gucci stuff.
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Vam-mysterio
- Posts: 889
- Joined: Fri Jun 08, 2018 8:52 pm
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by Vam-mysterio » Sun Aug 13, 2023 12:09 am
Those are some awesome vams
Challenge yourself,start doing your own date study!
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Eschaton
- Posts: 150
- Joined: Sat Oct 15, 2022 4:48 pm
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by Eschaton » Sun Aug 13, 2023 12:34 am
Roger, I take it you're not a fan of Daniel's work…
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messydesk
- Site Admin
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- Joined: Mon May 28, 2018 1:57 am
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by messydesk » Sun Aug 13, 2023 2:24 am
And need not be rehashed or revisited, please.
Welcome to the VAMWorld 2.0 discussion boards. R.I.P. old VAMWorld.
