I venture to say that there’s thousands of fake and counterfeit silver dollars in existence, but most are obvious fakes. The reverse side features a bald eagle. A good way of quickly identifying a fake is the get a precise weight in grams. This George Washington coin has the pattern of a modern quarter, and was obviously produced as a novelty or for some type of promotion. Grading should be professionally done by a company that specializes in this service. If yours weighs more or less than 26.9 grams, it's a counterfeit. There seems to be a problem serving the request at this time. A coin that is graded as 70 is considered flawless. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. $10,000 everything is fake. The mint mark is one of three elements that can determine the value of a coin. Q. David Bowers: The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993).Note: the Notable Specimens list should be used with caution - it has been updated in my 2013 edition of "The Encyclopedia of United States Silver Dollars 1794-1804." Not only is it interesting to see the types of coins people used in the past, but it can also be a good investment. After 1800 silver dollars began to disappear from circulation. The 1804 was never a circulated coin so any wear at all would be a tell from the start where its concerned. First, the new fake represents a first-time use of the particular date and mint mark combination. The silver dollar features Lady Liberty on the obverse side. A genuine silver dollar dated between 1798 and 1804 weighs 26.9 grams. This is another coin from the same widow who's selling her late husband's collection. However, to untrained eyes, most people don’t realize the difference between authentic and counterfeit silver dollars. 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 Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Services (PCGS). Dollars; Early Dollars (1794-1804) Gobrecht Dollars (1836-1839) Seated Liberty (1840-73) Trade Dollars (1873-85) Morgan (1878-1921) Peace (1921-35) Eisenhower (1971-78) However, these 1804 silver dollars were actually dated 1803 or earlier! A mint mark on a coin identifies the U.S. Mint facility that produced the coin. Authentic Morgan silver dollars may also weigh less than the standard specs if they have been in circulation and have some wear. These are: The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. Another level of counterfeit early dollars has been hitting the internet and TPG’s over the past several years. The 1800 "Dotted Date" Draped Bust Silver Dollar features a die defect around the date - particularly around and within the first "0". 4.4 out of 5 stars 63. The Lady Liberty Flowing Hair silver dollar was only produced from 1794 to 1795 and is considered one of the rarest coins in America. Grading a coin determines its condition, which is important for a coin's valuation. Attractiveness – The artistic appeal of a coin can influence its value. For example, many fake Trade Dollars are struck from silver and are the correct weight. Popular Types Of Silver Dollars. The other two are the date the coin was produced and the condition of the coin. By focusing your coin purchases to certain coins from a particular era like the 1790 silver dollar, the liberty 1794 coin, the liberty 1797 United States of America coin, or the 1804 liberty coin, you can enjoy the benefits of this hobby. Jewelers will often weigh your coin on their precision scales. Morgan Dollar. One of the 1st we saw was an 1802 example from an internet venue back in early 2018. Perhaps the two most familiar coins for collectors, though, are the Morgan dollar and the Peace dollar. Therefore, the condition of the coin will determine its value. We've searched through the coin catalogues, books, and online stores and made a huge list of coin values. With regards to the 1804 silver dollar, it … Get it as soon as Mon, Jan 11. Most replica coins weigh substantially less. To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. 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. Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. 2014 Morgan Silver Dollar Fake. BeiQian Best Morgan Silver Dollars-(1804-1926) Coin Collecting-Silver Dollar USA Old Original Pre Morgan Dollar goodService 1921 3.8 out of 5 stars 755. All the coins that circulated in America up until 1835 were produced by the Philadelphia Mint, and they do not have a mint mark. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. Dollar production stopped altogether in 1804, and the next generation did not have a current circulating dollar coin until a brief artistic renaissance came to the Mint in 1836, led by Christian Gobrecht. The weight of an uncirculated Morgan silver dollar is 26.73 grams. Five criteria are used to grade a coin. I didn't realize there actually were fake Seated Liberty dollars going around. Let’s go back in time two years before we look at the latest counterfeit Morgan Silver Dollar. There seems to be a problem serving the request at this time, {"modules":["unloadOptimization","bandwidthDetection"],"unloadOptimization":{"browsers":{"Firefox":true,"Chrome":true}},"bandwidthDetection":{"url":"https://ir.ebaystatic.com/cr/v/c1/thirtysevens.jpg","maxViews":4,"imgSize":37,"expiry":300000,"timeout":250}}, Costume, Occasion & Specialized Clothing, Shoes & Accessories, Virtual Reality Headsets, Parts & Accessories, Sports Memorabilia, Fan Shop & Sports Cards, Slide {current_page} of {total_pages} - You May Also Like. C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. 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. Color – Coins that have maintained their color have a higher value. This resulted in blobs and dots all around the number - and so this coin is classified into it's own variety. Below are 14 ways on how to spot fake silver eagles, bars, and bullion. They used the famous Seated Liberty design as shown at this CoinQuest link. Silver $27.16 (-0.01) 01-07 7:48 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. USA Coin Book Estimated Value of 1800 Draped Bust Silver Dollar (10 Arrows Variety) is Worth $1,174 in Average Condition and can be Worth $26,571 or more in Uncirculated (MS+) Mint Condition. but where there is money trading hands, there will always be fakes, frauds, and counterfeits. Silver dollars are among the coins that often have counterfeits due to their potential value. 1 - Peace Silver Dollar Mid-1920's Dated Dollar Extra Fine or Better Dollar XF or Better. A Genuine 1804 Dollar; A Counterfeit 1804 Dollar; With the many email inquiries we receive regarding the 1804 Dollar we thought it would be helpful to show a real one against a fake. This is a bad counterfeit coin. Also, click here to Learn About Grading Coins. There are so many different types of coins that you can add to your collection that it can be overwhelming. The production of the Draped Bust silver coin began in 1795 and lasted through 1807. Counterfeit 1800 Draped Bust Dime By Max Spiegel – Numismatic Guaranty Corporation (NGC) …… Spurious Chinese Counterfeit 1800 Draped Bust Dimes are now starting to … 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. The front is ok at best but the back is nowhere near being a "good" counterfeit. FREE Shipping by Amazon. $100,000 everything is fake. 99. 19,570 Bust silver dollars have been reported in United States Mint records from 1804. Alabama State of Alabama $100 Jan 1, 1864 # 834. The grading scale for a coin goes up to 70. Silver Melt: $20.62 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $1025, while one in certified mint state (MS+) condition could bring as much as $33,273 at auction. Many U.S. dollars were shipped overseas or melted for their high intrinsic value. If you have purchased some silver and can’t get rid of that little voice in your head that keeps saying what if they are fake silver coins …. 1800 Silver Early Dollars; Skip to page navigation. Modern coins in regular circulation do not use real silver the way old coins did, so they are a good investment for any collector of coins. Here are the top 25 most valuable silver dollars (Morgan's/Peace Dollars) from the late 1800's to the early 1900's (updated: 2021). I have been studing the coin for some time now,reading everything I could fined including the The United States Early Silver Dollars, by Bolender. Collecting old coins is a fun hobby for many people. California Wells Fargo $20 Jan 11, 1871 # 370455 1 - Peace Silver Dollar Mid-1920's Dated Dollar Brilliant Uncirculated US Mint. In 1834, two special proof sets were produced as gifts for the King of Siam and Sultan of Muscat. We then filtered the data to show only the most expensive silver dollars, and this is what we came up with. But I have found hardly anything writen about the lettering on the edge.The size is … An example closeup image of the dotted date is depicted below: This is what the Heritage Auction's commentary, in part, reads. Strike – This refers to how the coin was circulated. About eight years ago the chinese counterfeiters got a genuine 1795 dollar that had some distinctive contact marks and they used it to create an undated hub. 1799 Drapped Bust Silver Dollar Real or Fake ???? $39.99 $ 39. Many fake Trade Dollars for example are struck from silver and are the correct weight and take a trained eye to determine authenticity. Congress established the current U.S. Mint in 1792. Therefore, once again, it cannot be real because it was never made. She had a fake 1800 Bust Dollar, which I posted yesterday and found out it was a fake. 4.5 out of 5 stars 45. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. Obsolete Bank Notes. Here are a few of my methods in determining if a silver dollar is real or not before you buy it. Filter (2) 1800 Silver Early Dollars. An 1804 Draped Bust is the most desired silver dollar and has been studied extensively. Help us close this case. Luster – The amount of shine a coin has can determine its value. Shop by Category. Draped bust … Preservation – Scratches, corrosion, and other damage can lower the value of a coin. Side Refine Panel. The US minted beautiful silver dollars in 1865, but they did not use this pattern. Major U.S. silver dollar mintings include the Flowing Hair, Draped Bust, Seated Liberty, Morgan, and Peace designs. Arkansas Treasury Warrant $1 Apr 28, 1862 # 128346. They then used that hub to create a LOT of undated dies that they punched dates from 1795 to 1804 into and used those dies to make fake bust dollars. The Lady Liberty silver dollar from 1794 and 1807. The finest example of the 1804 Class I silver dollar appeared at auction in 2016 and garnered a bid of more than $10 million but did not meet reserve and thus did not sell. Before buying the silver dollar, it is vital to ensure it is not a counterfeit. It is allegedly a portrait of a Philadelphia socialite. The Lady Liberty Flowing Hair silver dollar was only produced from 1794 to 1795 and is considered one of the rarest coins in America. Click here to Learn How to use Coin Price Charts. 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. The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. {"modules":["unloadOptimization","bandwidthDetection"],"unloadOptimization":{"browsers":{"Firefox":true,"Chrome":true}},"bandwidthDetection":{"url":"https://ir.ebaystatic.com/cr/v/c1/thirtysevens.jpg","maxViews":4,"imgSize":37,"expiry":300000,"timeout":250}}, Costume, Occasion & Specialized Clothing, Shoes & Accessories, Virtual Reality Headsets, Parts & Accessories, Sports Memorabilia, Fan Shop & Sports Cards. A small bald eagle was featured from 1795-1797 and was replaced by a larger Heraldic Eagle from 1798-1804. Why The 1804 Draped Bust Silver Dollar Was Made. Philadelphia was the only Mint in the country until 1835 when Congress added three more Mints and authorized the use of mint marks. For this reason, it takes a trained eye to determine the authenticity. All the coins produced by the Philadelphia Mint either do not have a mint mark or they have ‘P’ as the mint mark. How about this one? 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