We hope that you found this post on how to identify fake Morgan silver dollars helpful, and welcome you to contact us if we can be of further assistance. These freshly minted fake Morgan silver dollars are high-quality counterfeits. Authentic Morgan silver dollars … Here below are the images from an authentic and a counterfeit draped bust silver dollar coin, both showing the year 1804. This article appeared in print in the December 2019 issue of The Monthly Greysheet. A caliper is the ideal tool to use to measure the height and the width of the Morgan silver dollar. Obsolete Bank Notes. Logically, however, eleven varieties are all that are required for a complete set ‘by date’: Representatives of several dates in G4 grade could practically be bought for less than $1,000 each, though relatively original coins often sell for substantial premiums. Without a significant depth of knowledge on the coins, the flaw in this … Unfortunately, most references provide an awkward and long list of implied major varieties that are not really ‘major’ at all. Draped Bust obverse, Heraldic Eagle reverse silver dollars were minted from 1798 to 1804, though silver dollars struck in 1804 were likely to have been dated 1803. $10,000 everything is fake. Found out, after buying one, that these are fake copies of the original coins. As for the varieties of 1802/1 dollars relating to the spacing of numerals, these refer to minor differences in the punching of the die and logically should be of particular interest only to collectors who are seeking representatives of all die combinations. The production of the Draped Bust silver … Genuine trade dollars were minted between 1873 and 1885. Of course, this counterfeiting ring will process them so that each one appears to have a … This page addresses counterfeit dollars … In addition to the weight, the diameter and thickness of the Morgan silver dollar can be measured to ensure it’s authenticity. A faithful reader of our blog posts recently brought to our attention that fake Morgan silver dollars have made their way to online auction sites. The NGC spotted a very well-designed counterfeit Morgan Silver Dollar in a collection of the coins submitted for grading. An 1804 Draped … If you have an 1804 dated, Draped Bust Silver Dollar, in your possession, and it doesn't have the word COPY stamped on it's surface than it's a counterfeit. How about this one? Magnetic Slide Test. Some 1876 Trade Dollar … Shop by Category. So far this year, Heritage has publicly sold around seventy 1799 7x6 dollars and just three 1799 8x5 dollars. Indeed, there is just a small. The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. 1802/1 Bust dollar obverse depicting the heraldic eagle reverse design. A solid case could be made that the ‘Knob 9’ coins are and should be worth more than the 1798 ‘Pointed 9.’. At the ANA Convention in August, Stack’s-Bowers auctioned a PCGS graded G6 coin of the “AMERICAI” variety for just $900. US trade dollars … Counterfeit 1804 Draped Bust Dollar … The layout of stars affects the whole appearance of the obverse. If your coin looks like our picture, Esmie, it is a counterfeit of a US trade dollar. Most replica coins weigh substantially less. 1800 Fake USA Silver Dollar - Reverse. Evidently, there was much corrosion in the die in this area and/or the die chipped or peeled because the die was poorly made. The Heraldic Eagle business strikes of 1798 to 1803 are neither rare nor very expensive. The Lady Liberty silver dollar from 1794 and 1807. The 1906 Ellis Island silver dollar is 100% fake because the real coin was not struck until 1986 by the U.S. Mint as a silver commemorative dollar… On March 1, Stack’s-Bowers auctioned a PCGS graded VF-30 1800 "AMERICAI" for $2,160, The day before, this same firm resold the Pittman-Pogue “AMERICAI,” which is PCGS graded MS63, for $60,000, not a vast sum for a relatively high grade Draped Bust silver dollar. All the rest are counterfeits, and counterfeits are worth zero. California Wells Fargo … It might be true that a U.S. Mint worker accidentally hit the die with a punch or some kind of tool. Very Fine grade representatives of most all ‘dates’ could be purchased for less than $2,600 each, considerably less in some cases. There is no dot and there is no difference in the date; the 1800 “Dotted Date” is just a minor die variation, which has received undeserved attention. C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. A good friend of mine was given two 1795 Draped Bust dollars … Enter your e-mail and subscribe to our newsletter. In regard to 1803 dollars, the ‘Large 3’ and the ‘Small 3’ differ in shape and style. 1802/1 Bust dollar obverse depicting the draped bust design. The Heraldic Eagle reverse design incorporates a complex blend of philosophical and cultural symbols. Type: Draped Bust Dollar Year: 1800 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 220,000 [ Silver Content: 90% Silver Weight: 0.7735 oz. In contrast, the 1800 “Dotted Date” should not sell for a premium. Slight variances are typically within the margin of error for these coins, but any substantial differences should be reason for concern. For example, many fake Trade Dollars are struck from silver and are the correct weight. Lastly, highly skilled counterfeiters have been known to add a “mint mark” to a coin or remove a mint mark in an attempt to increase the value of the coin. Indeed, there are unique varieties. The 1798 ‘Pointed 9’, the 1799/8, the 1799 7x6 and the 1802 are the least rare in mint state grades, and tend to be selections for type sets. An indentation in a die will lead to a raised metal shape on each struck coin because metal of the planchet is pushed inside indentations and recessed design elements in the die while each coin is being struck. Visit the web sites of these great CDN Sponsors. The 1799 7x6 (seven at the left, six at the right) obverse stars and 1799 8x5 obverse stars are apparently and meaningfully distinct in a way that is hard to explain. Coins composed of other metals, such as aluminum, don’t have a rich or enduring sound like silver. They are notably different artistic representations of an eagle, with different philosophical implications. Posted on December 20, 2016 Counterfeit, or “fake”, coins are pesky inevitables in the world of coin collecting but there are a number of tips suggested by … Auction results suggest that many bidders agree that this variety is not worth a substantial premium over 1800 dollars in general. These silver dollar coins … The proofs are sold for reasonable prices up to $3000 at coin auctions. This may be a local or online coin dealer, so don’t rule out either option. Buy & Sell This Coin. Indeed, there is just a small, somewhat round, lump awkwardly below the first zero in the date. Vital rare coin & paper money industry updates, SERIES ANALYSIS: Draped Bust Dollars, Business Strikes (Part 3). The “Small Eagle” and Heraldic Eagle reverses are indicative of two design types of Draped Bust silver dollars. Part 3 of Greg Reynolds series analysis on the draped bust silver dollars that were issued from 1798-1803. On this variety, there is one in particular below the zero. A PCGS graded VF25 coin brought $2,160 in the FUN auction in January. Another factor to consider is that the metal content of most fake Morgan silver dollars differs from the 90/10 silver/copper composition of authentic Morgan silver dollars. This is another coin from the same widow who's selling her late husband's collection. Authentic 1804 Draped Bust Dollar – Obverse Side. This page … Side Refine Panel. 1800 Silver Early Dollars; Skip to page navigation. These are large, heavy, silver coins that run from 1798 to 1804. For 1799, six are listed and five for 1800. Alabama State of Alabama $100 Jan 1, 1864 # 834. In my view, the 1799 8x5 should be worth more than it is currently worth. © Copyright 2021 CDN Publishing, LLC. Two bust dollars struck from the same pair of dies that were each graded MS64 by the same service may have much different market values. This analysis is aimed at typical collectors of and potential collectors of Draped Bust dollars. On March 1, 2019, Stack’s-Bowers auctioned an NGC graded VF20 1802/1 for $1,680. Indeed, there is just a small, somewhat round, lump awkwardly below the first zero in the date. At the end of March, at a Spring ANA Convention, Kagin’s auctioned a PCGS graded VF35 1802 for $3,000. I venture to say that there’s thousands of fake and counterfeit silver dollars in existence, but most are obvious fakes. However, to untrained eyes, most people don’t realize the difference between authentic and counterfeit silver dollars… To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. There is a worm shaped indentation in the die that has been called an “I,” though it does not resemble any letter. The mint mark indicates where the coin was minted. Silver dollars have a $1.00 face value but are at least 90% silver. Moreover, it appears strange. The weight of an uncirculated Morgan silver dollar is 26.73 grams. This design element is related to the Great Seal of the United States. Oftentimes the fake coins aren’t detected until after the buyer protection policy rights have lapsed, which means you could potentially end up with a near worthless coin on which you spent hundreds, if not thousands of dollars. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. The 1800 “Dotted Date” does not feature a decimal point or a period. At least two leading price guides value the 1798 ‘Knob 9’ and ‘Pointed 9’ the same in grades from G4 to MS63. On March 14, Heritage auctioned an NGC graded AU50 1798 ‘Knob 9’ for $7,200. Coins minted by the Philadelphia mint are the only coins that don’t contain a mint mark, and are some of the most commonly minted coins, so it’s common for most Morgan silver dollars to not contain mint marks. Precious Coins as Charitable Donations: A Holiday Tradition? So far in 2019, Stack’s-Bowers has publicly sold nine 1798 ‘Pointed 9’ dollars and zero 1798 ‘Knob 9’ dollars, according to this firm’s online archive. The cost of silver is a meager investment when the intent is to sell for … A PCGS or NGC graded MS63 grade Heraldic Eagle dollar probably could be found and obtained for less than $55,000. Discussion in 'Coin Chat' started by Mountain Man, Apr 24, 2020. It is also possible that a fissure came about that coincidentally appears as a somewhat vertical thin shape after the word “AMERICA.” Either way, this is not a letter and not an indication of a design change. Your identity will be restricted to first name/last initial, or a user ID you create. From January 1 to October 22, 2019, Heritage has publicly sold sixty-four 1798 ‘Pointed 9’ dollars and just four 1798 ‘Knob 9’ dollars. Guide to buying Gold and silver from the standard specifications long list of implied major varieties that are really. 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