Counterfeit Detection: 1857-S Seated Liberty Quarter
Posted on 11/29/2021
In 1855 the new San Francisco Mint began issuing quarters with its “S” mintmark. In the series’ third year there, mintage dipped to 82,000, whereas 9.6 million of the Philadelphia issue was struck. As a result, 1857-S Seated Liberty quarters carry a significant numismatic premium compared to Philadelphia examples, which lack a mintmark below the eagle on the reverse.
The premium for 1857-S quarters starts at a few hundred dollars in all but the lowest grades and accelerates to thousands of dollars in mint state. Whenever something as small as a mintmark can make such a big difference in price, collectors should pay extra attention to the details.
Numismatic Guaranty Corporation (NGC) recently received a coin purporting to be an 1857-S quarter. Genuine examples have one of three die marriages. The mintmark is located in a different position on each reverse, but all three of the die marriages feature a large “S”—unlike the small letter that appears on this altered coin.
This piece’s added mintmark is decades newer than the coin it has been placed on. It illustrates a familiar style known as “Trumpet Tail S,” which was used on San Francisco Mint coins starting in 1941.
A closer look at the mintmark area reveals a halo of discoloration around the “S.” This often occurs when a counterfeiter attaches a mintmark with an adhesive, though it’s important to remember that phony mintmarks also can be added by sculpting the metal on the surface of the coin. Forgers can even add a mintmark by drilling into the edge of the piece using special equipment and embossing the mint mark upward from the inside of the coin! Embossed mintmarks can be especially deceptive and are seen most often on smooth-edged coins like Buffalo nickels.
|The altered specimen bears a mintmark that is much newer than the coin it resides on. The borrowed "S" is significantly smaller than that of the genuine example.
Click images to enlarge.
By studying price guides, collectors can become aware of coins that are most vulnerable to a mintmark alteration. Additionally, mintmarks can be removed relatively easily, which is what happened to the 1885 double eagle (gold $20) featured in the April 2021 edition of this column (p.69). In that case, a counterfeiter removed what was almost certainly an “S” mintmark to create a facsimile of a Philadelphia-issued coin that would have been worth thousands of dollars more than its San Francisco counterpart.
If you are unsure about a coin’s authenticity—including whether a mintmark may have been added to or removed from the specimen in question—keep in mind that NGC backs its findings with the NGC Guarantee.
Reproduced with permission from the September 2021 edition of The Numismatist, an official publication of the American Numismatic Association.
Did you know? NGC has created a comprehensive Counterfeit Detection resource to help collectors and dealers identify counterfeit and altered coins. Visit NGCcoin.com/counterfeit.
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