Attempt Made to Sell Fake $300,000 $4 Gold Stella

Donn Pearlman · Jul 14, 2020
Press Release Authentication U.S. Coins

Seller is suspect in another counterfeits case.





The obverse (front) side of a counterfeit 1879 Coiled Hair Stella $4 gold coin.

(Temecula, California) July 14, 2020 -- Acting on a tip from the Anti-Counterfeiting Educational Foundation ( www.ACEFonline.org), federal and local California law enforcement agents now are investigating the attempted sale of $400,000 of counterfeit coins including a fake example of the historic 1879 Coiled Hair gold $4 “Stella” that brought $300,000 at auction last year. The seller also is a suspect in an earlier case involving fakes, according to Doug Davis, Director of the ACEF Anti-Counterfeiting Task Force (ACTF).

The bogus Stella was housed in a counterfeit Numismatic Guaranty Corporation holder with a fake insert label printed with the same NGC PR63 grade and certification number as the genuine coin.

Davis, a former Texas Police Chief, has alerted the U.S. Treasury Department Office of Inspector General (OIG) and is assisting investigators in this case.

“The seller of these counterfeits is on our radar and we’re after him no matter how long it takes. In the meantime, these fakes are off the market. They were turned over as evidence and are now in the custody of detectives at the Irvine, California Police Department,” Davis stated.

The reverse (back) side of a counterfeit 1879 Coiled Hair Stella $4 gold coin.

“We were alerted to this case by Ryan Moretti of Orange County California who is the senior numismatist of Colorado-based American Rarities. He was contacted by an individual offering to sell several expensive coins allegedly in NGC holders, including the 1879 Coiled Hair $4 Stella of which only about dozen genuine examples are known,” said Davis.

The other counterfeit coins offered by the seller were a 1793 AMERICA Chain cent, NGC VF20; an 1800 Draped Bust dollar, NGC AU58; and an 1871-CC Seated Liberty dollar, NGC AU55.

When he received the coins, Moretti suspected based on his years of experience as a professional numismatist that they and the NGC holders were counterfeit. The suspicions were confirmed after inspection by other numismatic experts including NGC representatives.

“When we entered the suspect’s name into the ACTF crime and intelligence database it linked him to another case in which he reportedly attempted to sell counterfeit coins to a Minnesota dealer in December 2019. ACTF alerted agents with the Minnesota Department of Commerce and U.S. Treasury OIG. Those coins were seized and a joint investigation is currently continuing,” explained Davis.

The top portion of the counterfeit NGC slab of the 1879 Coiled Hair $4 Stella

Federal and local investigators are reviewing both the Minnesota and California cases to determine appropriate jurisdiction to initiate prosecution against the suspect for possession and distribution of counterfeits with the intent to defraud.

“Well-made fakes are flooding the U.S. marketplace and the integrity of the numismatic community is under attack. These recent cases spotlight the significant technological advancements of counterfeiters and their agents as well as the all-too-easy availability for the sale of fake coins and precious metals housed in counterfeit third-party authentication and grading holders,” Davis cautioned.

“The Anti-Counterfeiting Educational Foundation and it’s Anti-Counterfeiting Task Force will continue its vigorous commitment to protecting the numismatic profession and collectors from adversaries who manufacture and sell counterfeit coins and precious metals. And, we’ll continue to educate the public to encourage them to only work with reputable dealers,” said Davis.

The ACEF and the task force are supported entirely by donations. The ACEF is a 501(c)(3) corporation and all donations to ACEF are tax deductible.”

For additional information or to make a donation, contact the Anti-Counterfeiting Educational Foundation at 28441 Rancho California Road, Suite 106, Temecula, CA 92590. The phone number is 951-587-8300. Or visit the web site at www.acefonline.org.

Comments (3)

  • ROB HARVEY

    I enjoyed your article and hope to see more like this to heighten awareness among collectors and dealers. I saw two counterfeit One Ounce American Gold Eagle coins a dealer had purchased from the public last year. I had no idea this was as bad it was until I saw this. Keep reporting all counterfeit articles!!!! Thank you

    Sunday, July 19, 2020 12:09 AM EST
  • Ronald Kalter

    Ok, how many collectors does this coin really affect? It's a good article, pointing out the counterfeit NGC label. How about a story that affects more collectors on a daily/weekly bases, like an article about the recent 100's or maybe thousands of America Silver Eagle Dollars, 2001 thru 2020 trying to be sold and passed off on thru eBay & other sites? Thank You for your time.

    Saturday, July 18, 2020 2:41 PM EST
  • Michael Black

    Excellent work!

    Saturday, July 18, 2020 1:30 PM EST

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Donn Pearlman



A former award-winning Chicago broadcaster and journalist, Donn Pearlman is a public relations executive and recipient of the 2015 ANA Farran Zerbe Award and the 2018 Professional Numismatists Guild Lifetime Achievement Award.

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