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- From fuldy2000@yahoo.com Tue Dec 24 14:23:34 2002
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Date: Tue, 24 Dec 2002 14:16:02 -0000
To: colonial-coins@yahoogroups.com
Subject: [Colonial Numismatics] Re: George Selgin
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From: "George Fuld <fuldy2000@yahoo.com>" <fuldy2000@yahoo.com>
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Jeff:
I agree with your logic re casting. But why were almost all George
III struck. How many places would have the equipment to strike them?
There couldn't be to many--certainly under ten. Lets find out how
many places in GB had the ability to strike coins. This would show
the limited number of places that they could be struck. Selgin could
be a starting place. Happy holidays to all!!
George F.
In colonial-coins@yahoogroups.com, Rosaamltd@a... wrote:
> Ray, cast counterfeits were almost certainly cheaper to produce --
the cost
> was almost nothing! You needed the sand or wax to make the casting
mold, and
> some cheap metal that could be melted down. Once you made the mold,
you
> could spend the real coins that you used to impress the design. It
was
> certainly more time intensive, and the number of casts you could get
from a
> given mold would be small -- but if you could do it without getting
caught,
> it was almost pure profit. On the other hand, struck copies would
require a
> lot of capital investment -- a press capable of producing
significant
> striking pressure, steel for dies, engraving tools, planchet cutting
and
> rolling equipment, smelting equipment, not to mention some amount of
talent
> to engrave the dies. Needless to say, there wouldn't be a whole lot
of
> people who had an actual counterfeiting mint set up in their
basement (well,
> other than in certain areas of New Jersey perhaps). I would guess
that many
> of the struck counterfeits of the period were struck at other mints,
token
> manufactures, button manufacturers (which would have almost similar
> equipment), and perhaps even "off the record" at some of the regular
mints by
> moonlighting personnel.
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