Another Buffalo nickel minted in 1929 at the San Francisco mint can also be purchased for under $100. Im new on this site and need of your help. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Coins that have soft, mushy letters and devices are an indication the coin might be counterfeit. Metal Content. The coin was minted in 1794 and 1795; its size and weight were based on the Spanish dollar, which was popular in trade throughout the Americas.. The 1795 off-center bust, known as variety B-14 or BB-51, is unique to the date and an obvious bad numismatic choice for a family of differently dated counterfeits! If your coin weighs significantly more or less than 26.5 -27.5 grams, it is fake. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. Type: Draped Bust Dollar Year: 1796 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 79,000 [ Silver Content: 90% Silver Weight:.7735 oz. These common marks have lead others to nickname these the vampire counterfeits, although there must be a genuine source example out there somewhere! In a situation such as this, be sure to do as much research as possible about the common marks and designs that are consistent with the piece you are considering buying. As I noted in my past CoinWeek article on the 1795 off-center Bust dollar fakes, my discussion at the 2019 Dayton EAC Convention on counterfeits included three families of fakes: the 1804 C-6 half cent set; the 1833 N-5 large cent set; and the 1795 off-center Bust dollar set. And of course, there is a 1798 version complete with matching family marks! Visit the link to learn more about each coin. PSA | As you can see from the photos, the coin you posted in not real. This type of counterfeit coin is made by placing a plancheta flat, round metal disc from which a coin is madebetween two coin dies. Compare your results to that of the genuine coin. It took 0.36 seconds to rattle this change. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Your email address will not be published. 50 year member ANA. Altered and Doctored CoinsThe cheapest and quickest way to make money by deceiving a coin collector is to take an ordinary coin and modify it to look like an expensive and rare coin. Ewww. Winner numerous NLG Literary Awards. LOL! Quick Links: Is It Worth Buying? A genuine 1799 8-real coin was used as a model coin when the fake dies were produced, so all the details of the coin are accurate. Coins worth more to a collectors may be a better long term investment. Buy the reference books, join a discussion group or club focused on your interests (such as Early American Coppers EAC), and ask other experienced members and friends. You should first begin by having an authentic coin at the ready, as this will make it much easier to determine any discrepancies between the coin you are assessing and one that is known to be authentic. The obverse side of the counterfeit coin has the same slick surface as many counterfeit coins made in China. . But on his way to the coin show, his car crashed . And the last, more of a half-brother if you would, is this 1799 correctly centered bust but the same reverse as the other family members which is wrong for a 1799! Answer (1 of 2): Think you got your number of stars wrong. Plus, it's illegal to own any counterfeit or fake or copy, unless the word COPY is stamped into to coin and can be read noticeable. Except one thing. Surprisingly, the date is similar but different in the thickness of the numerals yet it also has a flattened first 1, and the reverse appears to match with several duplicate marks. I ve been a collecter for over 50 years and my eyes almost came out of my head when I saw the coin. Like the 1799 die-struck counterfeit dollars with the broken "R" in in LIBERTY. However, the United States Mint accidentally made a few 1943 Lincoln pennies out of copper. But I have found hardly anything writen about the lettering on the edge.The size is 29.5mm the weight is 26.5 Face Value. If the official composition of the coin states that it does not contain any steel, the coin should not stick to the magnet. Comparison images courtesy PCGS: From the internet on a popular coin forum, two different examples were posted separately for review and discussion; the main concern of both OPs was authenticity. I knew immediately from the title that this was a fake. While a ruler might work, there is too much human error involved, especially considering how most coins are measured down to hundredths of a millimeter. If there were a way to add the image here I would! In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. and more. That is nowhere near the correct diameter. The U.S. officially stopped making Liberty Head nickels in 1912, but one rebellious worker at the U.S. Mint made five more in 1913 to create collectors' items and sold them for $500 each. With extremely low mintages and survival rates, all are rare. Studying genuine coins alongside known counterfeit coins is the best teacher on your road to becoming an expert counterfeit coin detector. Art of Coin Making Coin Minting Process, Double Eagle Coin Liberty Head & Saint-Gaudens, Shield Nickel 5 Cents American Civil War Coins, Louis Braille Commemorative Silver Dollar, Coin Collecting doesnt need to be Extravagant, 1885 Morgan O Silver Dollar New Orleans, 1894 Morgan Dollar Mintmark: O, New Orleans, 2006 Panda Coin Silver Chinese Panda Coins, American Silver Eagle Dollars Bullion Coins, King Hormizd II Silver Drachma Sassanian, Silver Chinese Dragon Coin Hu-Peh Province. Opinions Invited! 1799 small eagle reverse counterfeit As I have previously stated in other articles one of the best ways to protect yourself from this type of fake for sale is to learn the series yourself. This is just between you and us. In this installment, I will present and summarize a fourth family series, this one based on the 1799 B-10/ BB-163 large eagle reverse dollar. That would look and be sooooo great!! By using this method, you are taking the correct means to guarantee that your purchases are secure and that your coins are legitimatenot counterfeit. 2. Want more? By using this method, you are taking the correct means to guarantee that your purchases are secure and that your coins are legitimatenot counterfeit. No Liberty on obverse, struck in a collar. In 1791, following a study by Alexander Hamilton, Congress passed a joint resolution calling for the establishment of a national mint. If you see a similar coin with this date it is always a fake since there were no real trade dollars minted in the year 1799. This one doesn't. Authentic ones have either lettered or plain edges and proof surfaces . Also, click here to Learn About Grading Coins. . I sent him a text yesterday saying that they were fakes and he acted like he was sincerely concerned and didn't know anything, but now I see he hasn't taken his ad down and is trying to scam people. In 1794 began the minting of one of the most valuable silver dollars. They are long, short, missing, etc. While this creates the most realistic looking coins, it is also the most expensive method to do so and is often reserved for especially rare and valuable coins. Weight: 27.0 grams. Late in 1795, the Draped Bust dollar design by Robert Scot replaced his former Flowing Hair motif that became the first design on any official United States silver dollar. We are a family-owned business located in Portland and Vancouver. Just curious if there are any known cases of liberty coins on ebay selling fake silver or gold? This is such an obvious fake, one can only assume that the seller was either a novice collector or a crook. It Has No Year Mark. ! And as for the counterfeiters mixing it up as I noted above, they appear to continue to alternate dies as they create the ultimate Draped Bust dollar errors! The rarest and hardest to find Draped Bust Dollar's Check out each link to learn more about each coin. Draped Bust Dollar's produced in 1799 are 90% silver to be precise, and contain .7735 troy oz or 24.05 grams in total of .999 pure silver. Interestingly enough, the 1802 reverse shows some doubling indicative of die bounce while the 1801 shows apparent die breaks. They are also the top-collected date in the series, loosely tied only by the 1798 dollar, which is more or less equally encountered in the marketplace these days, even if there . $3,999.99 $19.99 shipping or Best Offer 1800 Bust Dollar NGC XF-40 $4,770.00 Thank you all for your comments. I have noticed this effect on a bunch of older silver items and am trying to understand what is going on. This example is illustrative because both gold and silver are. Actually I think many many people agree with that. Finally, look carefully at the coin with a high-powered magnifying glass or stereo microscope. Upon further review, NGC had actually posted their article on September 16, 2014, so these have been out there for a while! Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. These two frauds utilize different obverse dies with a common (1799 B-10) reverse. The captions and images got a little out of sync and we missed the image of the 1799. There are two notable varieties for this coin. Jack D. Young. On fakes, they won't. Look carefully at the accompanying documentation and packaging. So, please be careful buying any silver dollar because it can cost you. However, their weights were 26.72 grams and 26.39 grams. This is a simple slide that can be created at home by using a few magnets that are coupled together at an angle, much like the appearance of a slide. With the large collection of coins that have been produced by human beings, there have been challenges raised for both numismatists and coin collector hobbyists. In-depth overview of the 1799 Draped Bust Large Cent, including its key features, value and how to appropriately judge the coins condition. $3,196.75. Either way, kudos to them for the success. 1795 Flowing Hair Silver Dollar $1 - Certified NGC VG Detail - Rare Coin! This is a simple test that will tell you right away if a Trade Dollar is real or not. Iturbide 8 Reales Silver Coin, How Much May It Be Worth? Neodymium magnets are one of the best magnets you can use to test for trace metals such as iron or steel, and even copper, which only reacts with very strong magnetic fields. Thankfully, most of the counterfeit coins weigh much less, usually 18-20 grams, so they are easy to identify. CoinTrackers.com estimates the value of a 1799 Draped Bust Dollar in average condition to be worth $796.00, while one in mint state could be valued around $22,118.00. Was: $3,365.00. In the case of being dropped down a slide, a fine, minted gold or silver coin would move slower down the magnetic slide than a counterfeit that contains some other metallic material, primarily due to that repellant magnetic force that counteracts the gravitational force. Compared to steel, which has a thermal conductivity of 45 (W/mK) and iron at 71 (W/mK), both gold and silver conduct heat much better than either steel or metal. It is stable now. The NGC and PCGS also recommend purchasing from reputable sellers and buying coins that have already been authenticated through their organizations. You can file the edges to a knife and use it as a throwing coin, or use it as a paperweight for small things on your desk. A look at ANY U.S. illustrated coin catalog for comparison pictures will reveal op's coin as fake. Use a high precision caliper to measure the diameter and thickness of the coin. I Did A Test Silver & Weight Was Correct. Images courtesy NGC. Producers tend to make these coin dies by using a number of different methods: the spark erosion method, wherein electromagnetic sparks are used to erode a piece of metal into a specific shape; they might engrave the individual coin faces by hand, manually carving the specific molds before striking their coin; an engraving lathe might be used, which will use a computational software connected to a machine that will create a coin mold using a metal lathe; or they might use the electroless plating method, also known as conversion coating, where the planchet will be submerged into an aqueous solution with deposited nickel, using a catalytic reduction process to create the mold solely through a chemical process. PCGS #: 6878 You notice the word LIBERTY is missing on the obverse? Around The World With Coins - A Coin Geography Game. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited. More experienced counterfeiters will use a centrifuge to ensure that the molten metal flows to the farthest recesses of the mold. A one-of-a-kind coin struck at the United States Mint in 1794 sold at Heritage Auctions last week for $840,000significantly more than its estimate of $350,000 to $500,000.. As the Associated . While we were discussing it in a Facebook group I administer, CoinWeek was also reporting on it with an NGC article using the same images; apparently, it was submitted for certification and kicked back, and then someone attempted to sell it raw. 2023 Liberty Coin & Currency "Liberty Coin and "Liberty Coin & Currency" are trademarks of Liberty Coin, LLC (Signal Hill, California), and are used under license. Counterfeit 1799 Trade Dollar Liberty Seated - CC - Reverse side. Typically they are too high or much too low. Buy the reference books. Inspect for evidence of alterations that may include the addition or removal of a mintmark that would make the coin more valuable. 5 Must Have Books For All Coin Collectors. Look at pics youll see the word Hundred misspelled. Recently a version with the 1801 date had been seen for sale on the internet. The two devices youll need to make these measures are a digital scale and a pair of calipers. If you see a similar coin with this date it is always a fake since there were no real trade dollars minted in the year 1799. But there are those that are not so stamped and appear pretty deceptive to the inexperienced of the series. In Average Circulated (AC) condition it's worth around $796.00, CoinTrackers.com estimates the value of a 1799 Draped Bust Dollar in average condition to be worth $796.00, while one in mint state could be valued around $22,118.00. 0.77344 t oz. Copyright 2005 - 2023 Coin Community Family- all rights reserved worldwide. However, more recently, counterfeit 1 pound coins from Great Britain have been discovered. These two metals have high rates of thermal conductivity at even 20 , with silver being at 419 (W/mK) and gold at 317 (W/mK). Yet Another Forum Game - Numismatic Go Fish! First there's a die break to the left of the date but also in the right there appears to be clashing causing missing stars. The above 1794 is graded MS61 and is one of the finest known in grade and strike. Thus, identifying an 1804 counterfeit can be quite straight forward. i made a mistake in the diameter numbers. Upon further examination no 2 stars have the same shape. At an . I have seen rounds that look like that, but they had the weight and fineness markings on the reverse. I aprreciate your time. If you didn't know if was fake before then you do now. Please Help Me Determine If This Is Valuable! Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Since it is virtually impossible for two genuine coins to display identical contact marks and scratches, depressions are an excellent diagnostic. With the large collection of coins that have been produced by human beings, there have been challenges raised for both numismatists and coin collector hobbyists. Images of the 1801 compared to the 1802 (white indicates common, red non-common marks): 1801 internet example; 1802 images courtesy NGC. It's like a scene from the Twilight Zone. The reverse side on this counterfeit coin has the same details as used for other counterfeit trade dollars with a different date on the obverse side. So, when brought into contact with a number of magnets, these metals will undergo a repellant force. Each coin was minted in Philadelphia. DESIGNER: Robert Scot Below are some photos of a real 1799 graded VF Details, so you can compare. I do have to apoligize for my error. Use a high precision caliper to measure the diameter and thickness of the coin. Therefore, if a 1943 copper colored Lincoln penny sticks to a magnet, it is an altered coin that is now counterfeit. Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. Diameter of 40.6 mm, or 1.598 inches. Also learn how to properly store your coins. Initially, people counterfeited coins to deceive merchants and citizens with the fake currently circulating coins. Use a scale that is accurate to within 0.01 grams to measure the weight of the coin. If the stack topples over, you have a reason to become more cautious with the transaction. This section is more of a layman's guide, for those new to collecting. The most valuable Draped Bust Dollar's. Cheers, RickO. It just doesn't happen. Regardless of the casting method used, a low-quality counterfeit always results. Face Value. We use user submitted pictures please read that article if you are interested in adding your own. Liberty seated silver dollars were made from the year 1836 until 1873. Making the mold is relatively simple and straightforward. To my eyes, it appears to be a poor fake, but wondering what you think about it? Very Worn 1998 50 Pence - What Caused It? They passed the magnet test, sight inspection, and diameter measurement. So everything seems to fit. Upon inspection of the gold or silver coin you are about to purchase, if certain marks do not add up, ask if the seller has the paperwork to back up their claim of said coin being real. Problem is it looks worn, like it was meant to deceive. CoinWeek: Numismatic & Coin Collecting News, Catawiki Coin Ancient and Modern Coin Highlights are Just the Tip of the Iceburg, Emergency Money: A Short History of Siege Coins, CoinWeek Podcast #177: Tom Uram on Coins & Clubs, Stacks Bowers to Offer Mint State 1873-S Open 3 Double Eagle, Gold Coins From Hansen Collection Offered by David Lawrence, Royal Mint UK Reveals Charles III Coronation Coin Range, United States 1972-S Uncirculated Eisenhower Dollar, $200,000 in Dimes Stolen From Truck in Philadelphia: CBS, Its Time to Rewrite the Price Guides for Nice Southern Gold Coins, New Egyptian Gods Coin Series Begins With Goddess Isis. The Trade Dollar is a silver coin, and silver coins are not magnetic, so it definitely shouldn't stick to a magnet. Current silver melt value* for a 1799 Draped Bust Dollar is $19.35 and this price is based off the current silver spot price of $25.02 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value. Do you know anything about this company? I was wondering the same thing. With just a magnetic slide and a stopwatch, you can test this method at home and see if you have a fake coin! Above the image of Lady Liberty is an inscription which reads "Liberty," while the 1799 year of minting is positioned towards the bottom. Click here to Learn How to use Coin Price Charts. No matter the method applied to creating the coin mold, these types of counterfeit coins will all be cast the same way, using a coining press to strike the coins. Get it FREE now. Hi to all. For those of you buying coins either for their historical, numismatic value or for their value in precious metal, you should know the basics of how to catch a counterfeit before being duped. The host coin is used as a model to create the cast. Either way, a counterfeiter makes his money by turning less valuable material into something that appears more valuable. Your email address will not be published. Magnets are not attracted to elements such as gold and silver. Many pages have been updated and new pictures have added to give a better user experience. The fake shown here exhibits a number of depressions on its surfaces. I have created a set of images comparing this with the second posted example and highlighted common marks between the two as follows. Every fake coin struck from these dies will then exhibit identical marks, referred to as depressions by authenticators. The image shows the major common circulation marks between the 1799, 1801, and 1802 counterfeits that also show on this one. Differences in the style of date digits or lettering are usually the first things to check. Fake a hundred times over not even close!! All Rights Reserved. The reverse side on this counterfeit coin has the same details as used for other counterfeit trade dollars with a different date on the obverse side. Cast Counterfeits An inexpensive way to produce counterfeit coins is to create a mold of the genuine coin and use it to cast a counterfeit coin. Coin Grading Professional or Self Graded? Genuine Or Fake? To date, we have images for 1796, 1797, 1798, and a mystery 1799 half-member! Don't clean it in any way, Find an expert who can see it in hand. In the case of rare, antique and valuable coins, the worth of these coins has been widely collected and studied within the. If you wereat room temperatureto place an ice cube on top of either a coin made out of silver or gold, the ice cube should melt very quickly because the transfer of heat would be quite rapid. Stick around a while! Cast counterfeit coins are the most easily counterfeit detective coins of all. Sign in or register to get started. If the magnet sticks, the coin is a counterfeit. And review similar items on the internet: major auction house sales archives and NGC and PCGSs variety pages are great online resources. It's certainly shiny enough that it would sparkle as well as any Rapala. Proof and uncirculated gold eagles should be sealed . There is a lot of knowledge here and you did the right thing by asking about those. While you might get a deal on a rare or antique coin by buying it from a seller on Ebay or through an antiques shop, the likelihood of the coin being a fake is quite high as you have no way of discerning whether the seller is reputable or not. It appears that the counterfeiters are mixing it up as they strike additional examples. While a counterfeit coin struck from transfer dies is typically a much more deceptive fake, the transfer die process has its own set of problems. Podcast Republic is one of the most popular podcast platforms on the world serving 1M+ podcasts and 500M+ episodes worldwide. Here below are the images from an authentic and a counterfeit draped bust silver dollar coin, both showing the year 1796. With just a magnetic slide and a stopwatch, you can test this method at home and see if you have a fake coin! As I have previously noted, a Red Book would help weed many of these out. As I have continued to state in my other articles, one of the best ways to protect yourself from this type of fake for sale is to learn the coin series yourself. There are two methods to increase the value of a normal coin to something rare and seemingly antique. It appears that the model coin was either a ground find or a sea salvage coin, and the roughness from corrosion and etching on the genuine coin transferred over to the fake. My dad planted a rarity or two now and then for me to "find". It appears that the model coin was either a "ground. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Subscribe to our blog and youll be the first to know about rare coins, gold & silver news, bullion investing, treasure discoveries, and upcoming shows. If yours is in nice condition it will be valuable. Therefore, only the more valuable coins are counterfeited using the struck fake method. The dentils are the first give away. The second option to test for magnetivity is to utilize a magnetic slide. Any defects on the surface of the genuine model coin, such as contact marks, scratches, digs and dents, will faithfully transfer over to the fake dies. A small pair of digital calipers is one of the best ways to measure the diameter and thickness of your coin due to their accuracy and precision. All versions are worth about the same, and with coins this rare its very hard to predict the value of one at auction.
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