The production of the Draped Bust silver … How about this one? The NGC spotted a very well-designed counterfeit Morgan Silver Dollar in a collection of the coins submitted for grading. She had a fake 1800 Bust Dollar, which I posted yesterday and found out it was a fake. 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. Photo courtesy of Jinghua Shei. Visit the web sites of these great CDN Sponsors. 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. 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 Heraldic Eagle business strikes of 1798 to 1803 are neither rare nor very expensive. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. All the rest are counterfeits, and counterfeits are worth zero. An 1804 Draped … Your identity will be restricted to first name/last initial, or a user ID you create. The Lady Liberty silver dollar from 1794 and 1807. not feature a decimal point or a period. This is another coin from the same widow who's selling her late husband's collection. Additionally, the sound of silver differs from coins composed of other metals. FIVE WAYS TO SPOT A FAKE COIN. Counterfeit 1804 Draped Bust Dollar … Listings of minute varieties discourage people from collecting particular series. Only a very small number of people may seriously seek to build sets that are almost complete by die pairing of Draped Bust Small Eagle and Heraldic Eagle dollars. This page … Additional subdivisions of 1798 Heraldic Eagle dollars concern the precise number of arrows on the reverse, some of which are typically blurry, or extra reverse stars that are difficult to discover even with the use of imagination. There are at least ten die pairings for which fewer than ten coins are known to exist in the present. If your coin looks like our picture, Esmie, it is a counterfeit of a US trade dollar. There are only 15 genuine 1804 dollar coins known to exist. Silver $25.46 (-1.71) 01-08 4:59 PM EST PCGS3000 ® The PCGS3000 ® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. The mint mark indicates where the coin was minted. Indeed, there are unique varieties. Genuine trade dollars were minted between 1873 and 1885. Proof or otherwise very special silver dollars that are dated from 1801 to 1804 were made decades later and will be covered in the fourth part of this series. As bust dollars were made with relatively primitive equipment and have been subject to various degrees of proper and improper handling over a period of more than two centuries, it is important to not focus intently on certified grades and to reflect upon each coin as an individual with a multitude of interesting characteristics. In the current era, at most a dozen people seriously collect Draped Bust dollars by die variety, while perhaps one thousand people collect them by date. From January 1 to October 22, 2019, Heritage has publicly sold sixty-four 1798 ‘Pointed 9’ dollars and just four 1798 ‘Knob 9’ dollars. Of course, this counterfeiting ring will process them so that each one appears to have a … Greg Reynolds is a professional numismatic researcher and writer. This design element is related to the Great Seal of the United States. 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. Slight variances are typically within the margin of error for these coins, but any substantial differences should be reason for concern. Indeed, there is just a small, somewhat round, lump awkwardly below the first zero in the date. Alabama State of Alabama $100 Jan 1, 1864 # 834. This resulted in blobs and dots all around the number - and so this coin … California Wells Fargo … A PCGS graded VF25 coin brought $2,160 in the FUN auction in January. 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. Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar coin is a fake. SUPPORT: https://www.patreon.com/JuniusMaltby BEWARE, fake coins are flooding the market from China. Auction results suggest that many bidders agree that this variety is not worth a substantial premium over 1800 dollars in general. They are notably different artistic representations of an eagle, with different philosophical implications. Information relating to dies is important for authentication, pedigrees, and historical analysis, in addition to being important to those who collect most or all die varieties of a particular series or type of coins. Three of the eight varieties of 1798 Heraldic Eagle dollars listed in the Whitman Red Book relate to whether the shield on the reverse has four or five vertical lines. The diameter and thickness of an uncirculated silver dollar should be 38.1 mm and 2.4mm, respectively. The “Small Eagle” is a young eagle and is indicative of a nation that was recently born and was developing rapidly. US trade dollars … It is easy to build a set ‘by date’ including major varieties that are logically classified as distinct dates. 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. These helpful hints will help you to quickly identify if you’re in possession of one of these coins, so that you will receive protection under the buyer protection afforded under most online auction sites. 1802/1 Bust dollar obverse depicting the draped bust design. Of course, dies were and still are used to strike coins. Very Fine grade representatives of most all ‘dates’ could be purchased for less than $2,600 each, considerably less in some cases. It would make sense to reform and pare down the listings for Heraldic Eagle dollars in most standard price guides. The Lady Liberty Flowing Hair silver dollar was only produced from 1794 to 1795 and is considered one of the rarest coins in America. The cost of silver is a meager investment when the intent is to sell for … However, to untrained eyes, most people don’t realize the difference between authentic and counterfeit silver dollars… Shop by Category. Indeed, there is just a small, somewhat round, lump awkwardly below the first zero in the date. At the ANA Convention in August, Stack’s-Bowers auctioned a PCGS graded G6 coin of the “AMERICAI” variety for just $900. Precious Coins as Charitable Donations: A Holiday Tradition? I am not questioning the importance of identifying dies. https://www.greysheet.com/content/img/05282020/cdn-logo-tag-2020.png. In contrast, the 1800 “Dotted Date” should not sell for a premium. Most of the varieties listed for large cents of the same era are immediately apparent and several seem like their own subtypes. At the end of March, at a Spring ANA Convention, Kagin’s auctioned a PCGS graded VF35 1802 for $3,000. In addition to the weight, the diameter and thickness of the Morgan silver dollar can be measured to ensure it’s authenticity. I didn't realize there actually were fake Seated Liberty dollars … 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. The Heraldic Eagle reverse design incorporates a complex blend of philosophical and cultural symbols. It is probably true that AU55 grade representatives of nine of the eleven dates could practically be acquired for prices in the $9,000 to $12,000 range. 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. MS60 to -62 grade 1801 and 1802/1 dollars tend to bring significant premiums. An easy way to detect if your coins is fake is to check to see if it’s magnetic. that is convenient for you. Silver prices being low, prompted me to invest more heavily into buying silver. For 1798 Heraldic Eagle dollars alone, the “2019 Red Book” lists eight varieties. The list in the “Red Book” (A Guide Book of United States Coins—Atlanta, Georgia: Whitman Publishing, “2019” 72nd edition, 2018) is absurdly long, includes very obscure varieties, and almost certainly discourages people from assembling sets of Draped Bust, Heraldic Eagle dollars. Enter your e-mail and subscribe to our newsletter. Composition: Silver (.8924) and Copper (.1076). Time doesn’t permit a detailed explanation between the two, but we’ll discuss some of the differences between these coins in a future article. 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. 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. 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. To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. The 1800 “Dotted Date” does not feature a decimal point or a period. $10,000 everything is fake. Dollars; Early Dollars (1794-1804) Gobrecht Dollars (1836-1839) Seated Liberty (1840-73) Trade Dollars … The 1800 “Dotted Date” does not feature a decimal point or a period. In regard to all grades, the scarcity of the 1798 ‘Knob 9’ is largely unrecognized. Silver Melt: $19.65 Value: As a rough estimate … For example, many fake Trade Dollars are struck from silver and are the correct weight. These silver dollar coins … 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. Most of them are fakes, because genuine coins are so valuable. Indeed, there is just a small. Part 3 of Greg Reynolds series analysis on the draped bust silver dollars that were issued from 1798-1803. 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. In regard to 1803 dollars, the ‘Large 3’ and the ‘Small 3’ differ in shape and style. For this reason, it takes a trained eye to determine the authenticity. 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. Some 1876 Trade Dollar … On many varieties of 1800 silver dollars, there are various raised blobs about the first zero. On January 6, 2019, the firm of David Lawrence sold a PCGS graded F15 1802 for $1,700. Both tradition and logic dictate that these are two different dates of the same year. To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. 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 … 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. Indisputably, the 1802/1 is an obvious overdate and a date that is distinct from the regular 1802. At the ANA Convention in August, Heritage auctioned a PCGS graded VF20 1802/1, with a CAC sticker, for $3,240. Buy & Sell This Coin. © Copyright 2021 CDN Publishing, LLC. Evidently, there was much corrosion in the die in this area and/or the die chipped or peeled because the die was poorly made. He can reached via email at Insightful10@gmail.com. The 1800 "Dotted Date" Draped Bust Silver Dollar features a die defect around the date - particularly around and within the first "0". Possibly better described as a fantasy piece, but I believe this and other similar creations are often sold on eBay and other sites, by small amateur … This article appeared in print in the December 2019 issue of The Monthly Greysheet. A solid case could be made that the ‘Knob 9’ coins are and should be worth more than the 1798 ‘Pointed 9.’. The sound of silver has a distinct high pitched ring that tends to linger; whereas, coins composed of other metals, such as a combination of copper and nickel have more of a thud-like sound that doesn’t resonate. There are twenty-five supposedly major varieties listed in the 2019 Red Book for Draped Bust, Heraldic Eagle dollars in business strike format. Obsolete Bank Notes. Coin does not match any known obverse or reverse dies for 1796 Silver Dollars Perfectly round, as though struck in collar Artificial toning Detail is slightly mushy and flat for the amount of wear the coin shows With exception of the '6' in the date, dies are a match for 1795 Small Eagle Dollar… The proofs are sold for reasonable prices up to $3000 at coin auctions. A PCGS or NGC graded MS63 grade Heraldic Eagle dollar probably could be found and obtained for less than $55,000. 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. The original 5oz .999 pure silver … While some of the replicas are fairly high quality, a 10x triple magnifier will help to identify nuances between counterfeit stamped mint marks and authentic mint marks. Filter (2) 1800 Silver Early Dollars. Arkansas Treasury Warrant $1 Apr 28, 1862 # 128346. Page 1 of 2 1 2 Next > Mountain Man Well-Known Member. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. The “Small Eagle” and Heraldic Eagle reverses are indicative of two design types of Draped Bust silver dollars. Continuing on with magnets, another test you can to spot counterfeit silver is … The 1798 ‘Pointed 9’ and 1798 ‘Knob 9’ are noticeably very different and attract attention; it is fair to maintain that these are two distinct dates of the same year and type. 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. On March 1, 2019, Stack’s-Bowers auctioned an NGC graded VF20 1802/1 for $1,680. Many fake Trade Dollars for example are struck from silver and are the correct weight and take a trained eye to determine authenticity. It is not unusual for a collector to take years to finish a set. In summary, the best way to avoid mistakenly purchasing a counterfeit Morgan silver dollar is to do your due diligence to identify a highly knowledgeable and reputable coin dealer. With regards to the 1804 silver dollar… This variety brings a small premium on average. All Rights Reserved. Here below are the images from an authentic and a counterfeit draped bust silver dollar coin, both showing the year 1804. Most replica coins weigh substantially less. The trade dollar from 1876 is a silver coin that is easier to collect then the rare silver dollar coins as there are still plenty of these coins for sale at various online markets. Without a significant depth of knowledge on the coins, the flaw in this … I prefer the coins because they can hold collectors value also. Side Refine Panel. 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. A Beginner's Guide to Buying Gold and Silver. Produced and sold for collectors, there are a variety of silver dollars available with proof and uncirculated finishes. Retail prices for AU grade coins may range from $5,500 to $23,500, depending upon the scarcity of the date and the quality of the respective individual coin. This page addresses counterfeit dollars … On this variety, there is one in particular below the zero. So far this year, Heritage has publicly sold around seventy 1799 7x6 dollars and just three 1799 8x5 dollars. A good friend of mine was given two 1795 Draped Bust dollars … 1802/1 Bust dollar obverse depicting the heraldic eagle reverse design. 1800 Silver Early Dollars; Skip to page navigation. For 1799, six are listed and five for 1800. The eagle motif on the Draped Bust dollars that were minted from 1795 to 1798 is generally called a ‘Small Eagle’ though it not really small, and references to the eagle of 1798 to 1804 as a ‘Large Eagle’ give the false impression that one eagle motif is just a larger version of the other, which is far from the truth. Moreover, it appears strange. Register. As for the regular 1802 date, like most dates in of this type, 1802 dollars are not very difficult to find. Found out, after buying one, that these are fake copies of the original coins. In contrast, the 1800 “Dotted Date” should not sell for a premium. For Sale: Silver Bullion (Many Holiday Themed) And 90% More Or Less At Spot For Sale: Silver Bullion - Various Coin & Medal Lots Sold: Die Variety Lot - 15 Doubled Dies And 5 RPMS For Sale: Canadian Silver 80% + Add On French 90% Assorted Numismatic Books For Sale For Sale: 1998 Havana Puzzle Silver Proof Set With Box Grapecollects' Coin Mini Mart (Us, Silver… The weight of an uncirculated Morgan silver dollar is 26.73 grams. We are members of the following associations, Helpful Hints on How to Avoid Buying Fake Morgan Silver Dollars. A caliper is the ideal tool to use to measure the height and the width of the Morgan silver dollar. Know the weights and appearance. The most commonly counterfeited coins are those issued by the San Francisco and Carson City mints. 1795 Draped Bust Dollar, real or fake. $100,000 everything is fake. It might be true that a U.S. Mint worker accidentally hit the die with a punch or some kind of tool. 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Were minted between 1873 and 1885 Melt: $ 19.65 value: as a rough …... Fake coins are flooding the market from China in my view, the firm of David sold!