US Trade Dollar (Counterfeit) 1870 and 1871. With the possible exception of the 1798 Knob 9, representatives of each in XF40 grade could be acquired for less than $5,000 each, maybe two or three for less than $4,000 each. The 1800 “Dotted Date” does not feature a decimal point or a period. This analysis is about business strikes, coins produced in a routine or ordinary manner, and the requirements for a set of Heraldic Eagle dollars dating from 1798 to 1803. 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… At the ANA Convention in August, Heritage auctioned a PCGS graded VF20 1802/1, with a CAC sticker, for $3,240. Side Refine Panel. 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. 1800 Silver Early Dollars; Skip to page navigation. Magnetic Slide Test. 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. SUPPORT: https://www.patreon.com/JuniusMaltby BEWARE, fake coins are flooding the market from China. Arkansas Treasury Warrant $1 Apr 28, 1862 # 128346. Many fake Trade Dollars for example are struck from silver and are the correct weight and take a trained eye to determine authenticity. It might be true that a U.S. Mint worker accidentally hit the die with a punch or some kind of tool. Both tradition and logic dictate that these are two different dates of the same year. Indeed, there is just a small, somewhat round, lump awkwardly below the first zero in the date. Precious metals, such as gold, silver, platinum and palladium aren’t magnetic, so if your coin is attracted to a strong magnet, such as an earth magnet, then you can be sure that it’s fake. At least two leading price guides value the 1798 ‘Knob 9’ and ‘Pointed 9’ the same in grades from G4 to MS63. Register. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. It would make sense to reform and pare down the listings for Heraldic Eagle dollars in most standard price guides. Alabama State of Alabama $100 Jan 1, 1864 # 834. For this reason, it takes a trained eye to determine the authenticity. The NGC spotted a very well-designed counterfeit Morgan Silver Dollar in a collection of the coins submitted for grading. An easy way to detect if your coins is fake is to check to see if it’s magnetic. Unfortunately, most references provide an awkward and long list of implied major varieties that are not really ‘major’ at all. Your identity will be restricted to first name/last initial, or a user ID you create. 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. 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. This is another coin from the same widow who's selling her late husband's collection. A solid case could be made that the ‘Knob 9’ coins are and should be worth more than the 1798 ‘Pointed 9.’. For MS64 and higher grade bust dollars, collectors should consult an expert as the physical characteristics and pedigree of each individual coin are factors that substantially affect value and desirability. On many varieties of 1800 silver dollars, there are various raised blobs about the first zero. 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. A caliper is the ideal tool to use to measure the height and the width of the Morgan silver dollar. We are members of the following associations, Helpful Hints on How to Avoid Buying Fake Morgan Silver Dollars. Two 1803 dollars are thus required for a complete set ‘by date.’ In circulated grades, the ‘Large 3’ and the ‘Small 3’ are worth about the same, and are each worth significantly more than 1799, 1800, 1801, 1802/1 and 1802 dollars in grades from VG8 to MS63. On January 6, 2019, the firm of David Lawrence sold a PCGS graded F15 1802 for $1,700. The Lady Liberty Flowing Hair silver dollar was only produced from 1794 to 1795 and is considered one of the rarest coins in America. 1800 Fake USA Silver Dollar - Reverse. The 1800 “Dotted Date” does not feature a decimal point or a period. 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. 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. Authentic Morgan silver dollars … 1802/1 Bust dollar obverse depicting the heraldic eagle reverse design. These silver dollar coins … On this variety, there is one in particular below the zero. The diameter and thickness of an uncirculated silver dollar should be 38.1 mm and 2.4mm, respectively. Some 1876 Trade Dollar … So far this year, Heritage has publicly sold around seventy 1799 7x6 dollars and just three 1799 8x5 dollars. On many varieties of 1800 silver dollars… With regards to the 1804 silver dollar… 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. 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. This article appeared in print in the December 2019 issue of The Monthly Greysheet. In contrast, the 1800 “Dotted Date” should not sell for a premium. I didn't realize there actually were fake Seated Liberty dollars … An 1804 Draped … There is a worm shaped indentation in the die that has been called an “I,” though it does not resemble any letter. Part 3 of Greg Reynolds series analysis on the draped bust silver dollars that were issued from 1798-1803. Slight variances are typically within the margin of error for these coins, but any substantial differences should be reason for concern. $10,000 everything is fake. A good friend of mine was given two 1795 Draped Bust dollars … These are large, heavy, silver coins that run from 1798 to 1804. https://www.greysheet.com/content/img/05282020/cdn-logo-tag-2020.png. 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. 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 … The weight of an uncirculated Morgan silver dollar is 26.73 grams. Buy & Sell This Coin. Indeed, there are unique varieties. The Lady Liberty silver dollar from 1794 and 1807. The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. US trade dollars … Photo courtesy of Jinghua Shei. All Rights Reserved. Of course, dies were and still are used to strike coins. Obsolete Bank Notes. © Copyright 2021 CDN Publishing, LLC. Most of them are fakes, because genuine coins are so valuable. Ever since the 1850s, dealers with varieties in inventory have had a motive to persuade editors, cataloguers and publishers to represent barely noticeable varieties as ‘major varieties’ that are needed for a typical set of a given design type. To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. In contrast, the 1800 “Dotted Date” should not sell for a premium. 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. not feature a decimal point or a period. 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. For example, many fake Trade Dollars are struck from silver and are the correct weight. However, to untrained eyes, most people don’t realize the difference between authentic and counterfeit silver dollars… Please contact us to arrange a time Most replica coins weigh substantially less. The cost of silver is a meager investment when the intent is to sell for … In regard to all grades, the scarcity of the 1798 ‘Knob 9’ is largely unrecognized. Silver dollars have a $1.00 face value but are at least 90% silver. The weight of an uncirculated Morgan silver dollar is 26.73 grams. 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. A Beginner's Guide to Buying Gold and Silver. These are also know as "heraldic eagle reverse" dollars and represent the most affordable segment within the series. Very Fine grade representatives of most all ‘dates’ could be purchased for less than $2,600 each, considerably less in some cases. 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. 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. Page 1 of 2 1 2 Next > Mountain Man Well-Known Member. He can reached via email at Insightful10@gmail.com. The “Small Eagle” is a young eagle and is indicative of a nation that was recently born and was developing rapidly. This page … Most of the varieties listed for large cents of the same era are immediately apparent and several seem like their own subtypes. This variety brings a small premium on average. There are twenty-five supposedly major varieties listed in the 2019 Red Book for Draped Bust, Heraldic Eagle dollars in business strike format. 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. Silver Melt: $19.65 Value: As a rough estimate … All the rest are counterfeits, and counterfeits are worth zero. 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. The Heraldic Eagle reverse design incorporates a complex blend of philosophical and cultural symbols. 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