Counterfeit trade dollars have pretty much flooded the market over the past decade. Its actually on the front or back very close to the rim.
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how to tell if a dollar coin is real
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A counterfeit 1804 dollar.
How to tell if a dollar coin is real. Five ways to spot a fake coin. So as a starting point if youre noticing a wide variety of morgans in this date range with the new orleans mint o mint mark that should be your first clue that a forgery could be for sale. 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.
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. How to detect the seam of a two headed coin. A coins color can be an indication of the metal it is made from.
Color is not an absolute determiner of the metal a coin is made of. Silver dollars are among the coins that often have counterfeits due to their potential value. 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.
An authoritative coin book might cost 10 15 but buying a counterfeit coin can cost you a couple hundred or even thousands of dollars so be smart educate yourself and dont buy something you dont know much about. A genuine 1804 dollar. This line isnt on the edge of the coin.
New orleans mint morgan silver dollar coins from the 1890s are semi key date pieces meaning they are relatively hard to come by in the greater series of morgan silver dollars. The busiest coin shop in new jersey. If you use a strong magnifying glass to look very carefully along the rim of the two headed coins face on one side or the other youll see a very fine line around the circumference of the coin.
Before buying the silver dollar it is vital to ensure it is not a counterfeit. Buyers of trade dollars had better know what theyre buying and if you dont know how to tell a counterfeit from the real thing you are best off just buying coins graded by pcgs ngc or another recognized service that certifies the authenticity of the coin. What matters the most is that you the buyer realize when a coin is fake.
Look at the coins color. 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. A golden color can indicate the coin is made of gold a silvery color can indicate the coin is made of silver and a brown color can indicate the coin is made of copper.
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