realeswatcher You say:
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The coin is honest visually, Bob's specific gravity test provides a density reading HIGHER than we would expect for ~90% silver (which MAY in fact hint at there indeed being some gold in the alloy), and we have seen that in many instances, a surface-level XRF zap (especially from a lower-end device) is not perfectly reflective of what's going on with the coin's alloy in its entirety.
That statement is not quite correct. Low power XRF is not adequate to accurately measure concentrations of lighter elements like copper accurately because of insufficient depth of penetration but it is very accurate with heavier metals like gold because of the higher energy of the electrons in the outer ring.
The presence of gold in a silver alloy is found in a very uniform distribution since silver, gold and copper are three metals which are 100% miscible. (See table III on page 15 of the reference listed here:)
https://link.springer.com/content/p...03215400.pdf Miscibility means that they form
homogeneous solutions when mixed together as liquids. In fact that is the reason Gold, Silver and Copper have been used since ancient times in jewelry and coins. They actually form unique alloys that do not require more than a tiny sample to create an accurate assay of the whole.
With relation to XRF that miscibility makes XRF testing possible in the first place. Remember that of the three elements gold is the least reactive. It is by virtue of its atomic structure also the most visible element to XRF. Copper corrodes easiest which is why in a 90% silver alloy copper depletion at the surface results in incorrect readings for the ratio between copper and silver. The gold is UNEFFECTED by the effects of surface depletion. Copper also tends to be eliminated from the surface of coins by acid cleaning used by the mints.
When I got the higher readings for SG I wondered about the accuracy of the XRF test as well. However, the owner had three coins tested at the same time. The other two showed gold proving the thesis while only the 1838 showed no gold. Those comparative tests confirmed the XRF capability.
When reviewing XRF test results, the lab techs usually apply standard scrubbing formulas (done by computer) to isolate and correct ghost readings which a layman can interpret incorrectly. After a few years working with both raw and scrubbed data, you can begin to see where the problems are. Typically there are three levels of electrons which are triggered by x-rays to cause an electron to jump one level level. These jumps (when higher to lower jump happens) emits a small flash of light (photon) at a very specific frequency. The following is a brief article on XRF which discusses the process of photon emission.
https://www.easternapplied.com/XRF-...ogy-OverviewRaw XRF results contain up to three readings for gold (one for each level of electrons) the scrubbing program eliminates these duplications which can otherwise be read incorrectly.
So if gold is present anywhere in the coin it will appear in all parts of the coin uniformly. It is the one element that does not escape accurate detection by XRF. It is also why Winturthur and other museum labs focused on gold as the most suitable element for authentication of silver objects made in Mexico.
So what could cause the higher SG? Easy - the substitution of Sterling Silver (925 fine) mined in the UK for 90 percent silver mined in Mexico. Sterling silver has a SG of 10.36. In the 1890's this substitution would make economic sense to a counterfeiter producing 8 Reales for use in a place like China or the Philippines. The extra silver in scrap silver coins from the UK was less expensive than creating a 90% alloy. UK silver is produced as a byproduct of lead mining hence the trace of lead would also be expected.
Regarding the use of 8 reales at face value late in the 1800's I have found a reference to Cap and Ray 8Rs still being used by the Philippines in the period in 1885 in a book "The Future" published in Seville in 1885. A second reference refers to the trade of smuggling Cap and Ray 8Rs (called eagle dollars) from the Philippines to China in 1893. So the coins were in use and could have been replicated in England and shipped to China via the Philippines at a profit at least as late as 1893. How long after the trade persisted is something I have not yet found documentation for. We do know that even after the world silver prices dropped in 1893 that China still paid a premium for Mexican 8Rs of all types (Portrait 25%, Eagle at 5%). Even that small premium off-sets costs.
Lastly you ask:
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However, we KNOW the Chinese certainly DID imported/used Cap & Rays into the late 1800s (including many later-dated pieces). Have you encountered any legitimate evidence that the same groups making illicit bullion forgeries of the Portrait colonial pieces for China trade did the same for Cap & Rays?
I am hopeful that this coin is actually the first one of a class not earlier identified as "silver counterfeits". Because this coin looks so GENUINE there could be many many more hiding in plain sight. Remember a couple facts - the 1930's forgery of
Morgan dollars was not uncovered until about 70 years after they were made and those were first identified because of a mistake by the counterfeiters when they copied a micro O reverse and mated it with other obverse dies. That micro O dollars only came to the fore in the 1950s and 1960 also indicates that collectors missed them for 30 years.
Here we have an essentially perfect copy of an old issue struck in silver that has the wrong chemical signature. That may be the ONLY WAY to identify members of this group. It is somewhat logical that counterfeiters would add into their shipments a small percentage of eagle dollars in an attempt to avoid suspicion. I would have done the same thing.
hjian Henry made the only guess so far. He says the coin is smaller in diameter. Makes me wonder if it would not be advantageous to test other 1838 Zs coins with XRF to see if size matters. It could be that very simple. I do not know.
Any other guesses?