A few weeks ago a silver Gilliam showed up for auction. Not only was it a Gilliam, but it was a Gilliam tight, L-R, the rarest of the 3 Gilliam variations.
Close inspection of the picture provided showed several notches on the front rim of the coin and something seemed un-natural about the bright color of the coin.
I made contact with the owner of the coin and she sent it to me for verification. Below are some close up photos I took of he coin. While the coin itself seems to be authentic, close inspection shows that in fact it is a navy blue Gilliam tight L-R that has been recently spray painted silver. I can actually see some of he navy blue color showing in the 3rd notch (near the AM in GilliAM..