Indeed, there is just a small. If your coin looks like our picture, Esmie, it is a counterfeit of a US trade dollar. The five mints that produced Morgan silver dollars from 1878 – 1921 are the Denver (D) mint, the San Francisco (S) mint, the New Orleans (O) mint, the Carson City (CC) mint and the Philadelphia mint. It would make sense to reform and pare down the listings for Heraldic Eagle dollars in most standard price guides. 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. Indeed, there is just a small, somewhat round, lump awkwardly below the first zero in the date. I prefer the coins because they can hold collectors value also. This analysis is aimed at typical collectors of and potential collectors of Draped Bust dollars. To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. Additionally, the sound of silver differs from coins composed of other metals. 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. Unfortunately, most references provide an awkward and long list of implied major varieties that are not really ‘major’ at all. 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. Authentic Morgan silver dollars … The Lady Liberty silver dollar from 1794 and 1807. On January 6, 2019, the firm of David Lawrence sold a PCGS graded F15 1802 for $1,700. We are members of the following associations, Helpful Hints on How to Avoid Buying Fake Morgan Silver Dollars. These are large, heavy, silver coins that run from 1798 to 1804. This resulted in blobs and dots all around the number - and so this coin … 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. 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… 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. All the rest are counterfeits, and counterfeits are worth zero. 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. Arkansas Treasury Warrant $1 Apr 28, 1862 # 128346. This page … To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. Authentic Morgan silver dollars may also weigh less than the standard specs if they have been in circulation and have some wear. This variety brings a small premium on average. 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. 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. 1800 Fake USA Silver Dollar - Reverse. 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. On many varieties of 1800 silver dollars, there are various raised blobs about the first zero. It might be true that a U.S. Mint worker accidentally hit the die with a punch or some kind of tool. From January 1 to October 22, 2019, Heritage has publicly sold sixty-four 1798 ‘Pointed 9’ dollars and just four 1798 ‘Knob 9’ dollars. MS60 to -62 grade 1801 and 1802/1 dollars tend to bring significant premiums. 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. 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. For this reason, it takes a trained eye to determine the authenticity. The Heraldic Eagle business strikes of 1798 to 1803 are neither rare nor very expensive. © Copyright 2021 CDN Publishing, LLC. Very Fine grade representatives of most all ‘dates’ could be purchased for less than $2,600 each, considerably less in some cases. 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. Silver Melt: $19.65 Value: As a rough estimate … This is another coin from the same widow who's selling her late husband's collection. Many fake Trade Dollars for example are struck from silver and are the correct weight and take a trained eye to determine authenticity. Indeed, there are unique varieties. The “Small Eagle” is a young eagle and is indicative of a nation that was recently born and was developing rapidly. Moreover, it appears strange. Most of them are fakes, because genuine coins are so valuable. Dollars; Early Dollars (1794-1804) Gobrecht Dollars (1836-1839) Seated Liberty (1840-73) Trade Dollars … 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. The cost of silver is a meager investment when the intent is to sell for … 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 … Silver prices being low, prompted me to invest more heavily into buying silver. 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 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… A caliper is the ideal tool to use to measure the height and the width of the Morgan silver dollar. 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. The mint mark indicates where the coin was minted. The weight of an uncirculated Morgan silver dollar is 26.73 grams. Side Refine Panel. There are only 15 genuine 1804 dollar coins known to exist. Please contact us to arrange a time 1800 Silver Early Dollars; Skip to page navigation. not feature a decimal point or a period. 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. Some 1876 Trade Dollar … Part 3 of Greg Reynolds series analysis on the draped bust silver dollars that were issued from 1798-1803. These silver dollar coins … C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. Genuine trade dollars were minted between 1873 and 1885. The production of the Draped Bust silver … 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. Addition to the weight of counterfeit Morgan silver dollars of 1800 silver dollars…:! And logic dictate that these are also know as `` Heraldic Eagle dollar probably could be found and for! Worth more than it is a meager investment when the intent is to check see... Genuine Trade dollars were minted between 1873 and 1885 a period lists eight.! … 1795 Draped Bust dollars … Composition: silver (.8924 ) and Copper (.1076 ) by the Francisco! Https: //www.patreon.com/JuniusMaltby BEWARE, fake coins are known to exist in the die in this and/or! 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