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OH! I see......I guess the fishing reel was letting an awful lot of "drag" out before the hook was set.Hey Gator, I was with you from the first post and my response. I knew that yeah it was possible to be a counterfeit but ONLY if they had gone to all the trouble of using silver to make it!!! LOL
Way back when I started I used to do a lot of water hunting. I KNOW that black/sand/oxide crust VERY well!
I might have piped up but the "experts" were doing soooooo well, I just figured I'd watch and see how much rope they needed. LOL
Great find! But, since I like coins, I'd rather not find them in saltwater.
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OH NO! Don't be pulling on the one who's doing the leg pullage! LOLOH! I see......I guess the fishing reel was letting an awful lot of "drag" out before the hook was set.
There's an excellent chance it's a contemporary (meaning "from the 19th century era") counterfeit. It just does not look like it's made of silver. What it could be is German Silver, an alloy of copper/nickel/zinc that might corrode this way. Many of these counterfeit coins circulated in the 1840s-1860s, and I suspect a lot of them were chucked into a local river when the owner discovered they were bogus.