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. This analysis is aimed at typical collectors of and potential collectors of Draped Bust dollars. not feature a decimal point or a period. The NGC spotted a very well-designed counterfeit Morgan Silver Dollar in a collection of the coins submitted for grading. Enter your e-mail and subscribe to our newsletter. Even with five-times magnification, it is very difficult to see these lines, which are not well detailed anyway. 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. 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… Obsolete Bank Notes. 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. Slight variances are typically within the margin of error for these coins, but any substantial differences should be reason for concern. The “Small Eagle” is a young eagle and is indicative of a nation that was recently born and was developing rapidly. Counterfeit 1804 Draped Bust Dollar … However, to untrained eyes, most people don’t realize the difference between authentic and counterfeit silver dollars… This article appeared in print in the December 2019 issue of The Monthly Greysheet. For example, many fake Trade Dollars are struck from silver and are the correct weight. 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. The production of the Draped Bust silver … 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. 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. 1800 Fake USA Silver Dollar - Reverse. 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. MS60 to -62 grade 1801 and 1802/1 dollars tend to bring significant premiums. In contrast, the 1800 “Dotted Date” should not sell for a premium. On March 1, 2019, Stack’s-Bowers auctioned an NGC graded VF20 1802/1 for $1,680. Greg Reynolds is a professional numismatic researcher and writer. Indeed, there is just a small, somewhat round, lump awkwardly below the first zero in the date. Filter (2) 1800 Silver Early Dollars. Know the weights and appearance. 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. A good friend of mine was given two 1795 Draped Bust dollars … It is easy to build a set ‘by date’ including major varieties that are logically classified as distinct dates. The layout of stars affects the whole appearance of the obverse. 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. On January 6, 2019, the firm of David Lawrence sold a PCGS graded F15 1802 for $1,700. The so called "AMERICAI" 1800 dollar is a little more interesting than the “Dotted Date,” but minor as well from a logical perspective. The diameter and thickness of an uncirculated silver dollar should be 38.1 mm and 2.4mm, respectively. Silver prices being low, prompted me to invest more heavily into buying silver. There are at least ten die pairings for which fewer than ten coins are known to exist in the present. Magnetic Slide Test. Most replica coins weigh substantially less. 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. He can reached via email at Insightful10@gmail.com. In addition to the weight, the diameter and thickness of the Morgan silver dollar can be measured to ensure it’s authenticity. This page addresses counterfeit dollars … Authentic 1804 Draped Bust Dollar – Obverse Side. 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. 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… Vital rare coin & paper money industry updates, SERIES ANALYSIS: Draped Bust Dollars, Business Strikes (Part 3). Very Fine grade representatives of most all ‘dates’ could be purchased for less than $2,600 each, considerably less in some cases. US trade dollars … This is another coin from the same widow who's selling her late husband's collection. The proofs are sold for reasonable prices up to $3000 at coin auctions. A Beginner's Guide to Buying Gold and Silver. An easy way to detect if your coins is fake is to check to see if it’s magnetic. The Heraldic Eagle business strikes of 1798 to 1803 are neither rare nor very expensive. 1800 P Draped Bust Dollar 10 Arrows: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. These are large, heavy, silver coins that run from 1798 to 1804. 1795 Draped Bust Dollar, real or fake. 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. Most of the “Red Book” varieties of Draped Bust, Heraldic Eagle dollars, however, concern slight anomalies in the placement of letters or numerals, microscopic design elements, or very small irregular shapes from imperfections in dies. Auction results suggest that many bidders agree that this variety is not worth a substantial premium over 1800 dollars in general. Most replica coins weigh substantially less. It would make sense to reform and pare down the listings for Heraldic Eagle dollars in most standard price guides. Indeed, there is just a small. Indeed, there are unique varieties. All Rights Reserved. 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. 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. There are only 15 genuine 1804 dollar coins known to exist. These are also know as "heraldic eagle reverse" dollars and represent the most affordable segment within the series. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. 1802/1 Bust dollar obverse depicting the heraldic eagle reverse design. 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. For this reason, it takes a trained eye to determine the authenticity. With regards to the 1804 silver dollar… 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 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. 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. The weight of an uncirculated Morgan silver dollar is 26.73 grams. All the rest are counterfeits, and counterfeits are worth zero. 1802/1 Bust dollar obverse depicting the draped bust design. 1800 Silver Early Dollars; Skip to page navigation. 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. How about this one? Indeed, there is just a small, somewhat round, lump awkwardly below the first zero in the date. The 1800 “Dotted Date” does not feature a decimal point or a period. It might be true that a U.S. Mint worker accidentally hit the die with a punch or some kind of tool. To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. We are members of the following associations, Helpful Hints on How to Avoid Buying Fake Morgan Silver Dollars. Unfortunately, most references provide an awkward and long list of implied major varieties that are not really ‘major’ at all. 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. Without a significant depth of knowledge on the coins, the flaw in this … Page 1 of 2 1 2 Next > Mountain Man Well-Known Member. At the ANA Convention in August, Stack’s-Bowers auctioned a PCGS graded G6 coin of the “AMERICAI” variety for just $900. 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. 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. This resulted in blobs and dots all around the number - and so this coin … Side Refine Panel. On March 14, Heritage auctioned an NGC graded AU50 1798 ‘Knob 9’ for $7,200. There is a worm shaped indentation in the die that has been called an “I,” though it does not resemble any letter. 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. I didn't realize there actually were fake Seated Liberty dollars … that is convenient for you. I venture to say that there’s thousands of fake and counterfeit silver dollars in existence, but most are obvious fakes. © Copyright 2021 CDN Publishing, LLC. 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. 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. 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