The first "high-quality counterfeit” of a 1915 Cuban silver peso
encountered by Numismatic Guaranty Corporation was the focus of
a recently published article from the grading
Jay Turner wrote on May 19 about the
counterfeit, which was created by a transfer die method but lacks the
transferred contact marks that often signal a counterfeit coin.
"Unlike many other transfer die counterfeits coming from
China, these Cuban fakes appear to have had most of the contact marks
removed from the transfer die before production,” Turner writes,
before noting the coin’s flaws. "There are still a number of
issues that serve as diagnostics, including raised die lines, a few
repeating marks, and various other transfer die defects.”
Those giveaways include the raised spikes on the top of the T in
LIBERTAD, a hit on the I in PATRIA, and weakness of the right-side
leaves on the coin's reverse. The counterfeits outed by NGC are
without the luster of those coins they imitate, which were struck by
the U.S. Mint.
"While poor quality counterfeit Cuban peso coins have been
produced and sold at flea markets for years, this is the first high
quality counterfeit of the Cuban 1915 Silver Peso we have
encountered,” Turner writes. "With a catalog value in Krause of
$1,200 in UNC and $8,500 in BU, a counterfeiter can profit greatly
from producing a deceptive product.”
collectors, be on notice.