A counterfeit or fake coin doesn’t have any numismatic value though it’s gold or silver can be extracted by assay. You may also tell a lot by close inspection of the coin. 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. 1914 Wheat Penny D. This tiny penny ranks third in this select group of pennies worth money. Scott A. Travers, president of Scott Travers Rare Coin Galleries, LLC, ranks as one of the most knowledgeable and influential coin dealers and advisers in the world.Scott is the author of seven best-selling books on coins, including The Insider’s Guide to U.S. There are various motivations to counterfeit coins not all of them sinister. We can also help value coins, but IT IS STRICTLY AGAINST OUR RULES to … Our social media pages on Facebook, Instagram, Twitter, and Pinterest are created and a YouTube channel will follow. The round in your hand is likely a knockoff of this. 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. For example, the Beirut Mint in Lebanon and some mints in Latin America made counterfeits of European and United States gold coins in the early part of … These coins should contain .2354 ounce of pure gold each (slightly less than a 1/4 ounce). The insult to injury was that the coins contained less than half the gold content of a legitimate sovereign. In addition, silver and gold values have often increased during times of financial distress. For information about grading U.S. coins, see U.S. Then, when the customer calls back after taking their coins to a real expert who tells them what they’re worth (i.e., fuck all), all they get is an answering machine. So, how can you spot a fake Morgan Silver Dollar? 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 doesn’t need to be Extravagant, 1804 Draped Bust Dollar – Dexter Dollar, 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. Incorrect mint marks i.e. Rare dates are worth far more than the prices listed. Next on the "do not buy list" are coins and medals from the … After all, why would any coin collector pay $16.95 for a coin that will be worth only $1 long after either candidate leaves office? Anything can be faked these days. This most basic of tests is surprisingly effective: Simply drop a (non-numismatic) silver coin that you know to be real on a table and listen for the distinctive “ping” sound — this is very difficult to fake. A Guide to Collectible Casino Tokens. Visit a jeweler and get an exact weight for your coin. Results are checked to identify sales of 1 original circulation coin, sales identified as anything different are excluded. I also went by the assumption that the fake dollar was worth $1.50, and the coin contained $1.35 in silver, which I later sold to a coin dealer for a buck. All Rights Reserved. Franklin Mint & Similar Companies. Step 1: Read Up on Known Forgeries With Morgan Silver Dollars as popular as ever, counterfeiters are trying to cash in with advanced forgeries. Value of modern Proof 69 Deep Cameo coins. They’re sold as novelty gifts at souvenir shops and card stores. Coin Grading. Fake silver dies in the photo include fake numismatic Greek Drachmas and British Crown coins as well as US coins. Very approximately, these coins are about 38 mm in diameter and weigh between 240 to 300 grains, or 15 to 19 grams. It does not look like other coins you see in collections or in circulation. A 1908-S, on the other hand, may sell for over $8600 if in uncirculated condition. There haven't been any recent sales on eBay though, so it's uncertain how much … Since the coins they were reproducing were essentially “trade units” they rationalized that they were making their gold into recognizable entities and therefore acceptable for trade. Sometimes the fake ones are obvious: Like the very small and very large 1877 Indian Head pennies. A 100 lire piece from the year 1957 to 1961 have a value that can reach 600€. Our collection represents some of the most significant coins ever produced by the … It’s possible your coin might be genuine. Lookup Coin values for Good, Very Good, Fine, Very Fine, Brilliant Uncirculated & Proof conditions and MS grade. For many collectors, a casino token's value can be far greater than the mere number on its face. Some rare and unusual coins can be worth significant amounts of money--$50 to $75 for some specimens--but others are quite common. It is a … This practice was certainly not acceptable in those countries that were the victims of this fraud. Question asked: I bought some coins from a street hawker and found out they are all fakes, are they worth anything? Analysis of the metal content showed the coin had a .918 silver fineness, above the US Mint standards for a silver circulation coin of the age. I once saw a bag of 1000 “Great Britain Sovereigns”. What or who determines a coin's current price? NEVER CLEAN A COIN. The value of a Saint-Gaudens $20 Coin can vary significantly based on the coin’s mint year and overall condition. The earliest coins date from 600 B.C.E. There are counterfeit coins known from very rare and expensive coins, like the 1804 dollar and there are very good copies seen as well. Coin values depend upon condition and rarity. How much Replicas and Reproductions General are worth. If you like a replica because of the way it looks (e.g. Coin replicas are coins that are minted to look like an original. If you have a coins related question and can’t find the answer, ask us and find the answer soon in the FAQ section from this site. to 250 B.C.E. The makers of those tiny pennies and 3-inch pennies mean no harm. Grading Coins – Coin Grades Past & Present. Of course, not every coin you find in spare change is valuable. Should I get my coin collection appraised? The rare italian coin of 100 lire of 1956 have a value ranging from 20 to 150€. But there are many coins that are worth much, much more. Types. If anything seems inconsistent, it’s best to inquire elsewhere. The counterfeiters chose a rare date, 1917, to place on each of the coins. 1887-CC, 1888-CC, 1878-O, 1902-CC, or any Morgan with a D mint mark other than the 1921, are but one problem when it comes to counterfeits, but it's the most easiest to discern once you know the appropriate dates and mint marks combinations. I took it into a dealer 20 years ago and he said it was counterfeit. and come in a variety of shapes. Mushy strike is a sure sign of fakeness. In fact, of the coins circulating today, most are worth only face value. Coins that are damaged, cleaned, polished or very worn are worth less than the listed prices. For information about specific coin types, click a link below or see FAQ About Coins. I think that the most important task for numismatists is to learn is what genuine coins should look like. U.S. Silver Coins: When They Ended and What They’re Worth, U.S. Classic Commemoratives & Government Sets. Nothing on the fake coin comes close to the sharpness and high definition of the genuine coin. There are various motivations to counterfeit coins not all of them sinister. Buy & Sell. The coins from 1962 to 1963 are worth from 100 to 200 € and a piece of 100 lira coins from 1964 to 1967 can be worth about 50€. Many pages have been updated and new pictures have added to give a better user experience. If the dimensions of the fake are accurate (diameter and thickness), it will be too light and if the weight of the fake matches a genuine coin, it would either have to be thicker and / or wider to accommodate the additional material. Continuing on with magnets, another test you can to spot counterfeit silver is … For example, the Beirut Mint in Lebanon and some mints in Latin America made counterfeits of European and United States gold coins in the early part of the 20th century. I'm going through my moms stuff, and finding a lot of coins. Counterfeit Detection. Thanks to all followers and soon more news to come. Old Chinese coins come in several basic types. There are several techniques for copying coins including: Authentication is a careful science and one learns not to condemn a coin unless the diagnostics tell us otherwise. "Mercury Dime" Silver - This isn't a real coin as much as it is a silver token/round. Additionally, many coins have intricate designs or textures that are associated with that particular coin and its series. Answer: There are not many collectors who collect counterfeit coins and most coin collectors would never add fake coins to their collection but there is an exception to this rule. magnified image), then you may want to add it to your collection. We're proud to offer an extensive assortment of beautiful replica gold coins for sale, as well as a variety of multi-piece sets. And, of course, a large number of heirloom coins — the kinds that are passed down through the generations — are oftentimes worth a whole bunch of money. In general, most fake coins are not worth anything, maybe a couple of dollars but the class “A” copies of a very rare coin might be worth between $25 to $100. Those very good copies might be worth something for coin collectors to “complete” their collection with knowing they could never afford a real coin so valuable if it would be for sale at an auction. Coin Grading – Professional or Self Graded? 1870 S Seated Liberty Dollar. If it is not between 15 and 19 grams, it's a fake. Also, small changes have been made to the design and layout. U.S. fakes are technically illegal to own. The practice continued long after gold stopped circulating since authentic gold coins had developed a premium over their face value and were of interest to collectors. For example, a 1907 Saint-Gaudens in good condition may sell for around $1139 or close to the current price of gold. 3. When building a casino token collection of your own, most of the tokens you'll find on eBay will be listed as used rather than new. Bill F. writes: I have a 1927 $2-1/2 Dollar Indian Head gold coin in very good condition. The surfaces of the fake coin look washed out, lifeless, and dull. The coins are sold to the customer with a buy-back guarantee, and fake claims that coins are untraceable by the IRS and the government in general (neither of which are true). I do feel confident it, like the others, is a fake because of the same points with the Ellis Island Dollar. Unlike commemorative coins that are typically pieces of a base metal thinly plated with gold or silver, rare coins are intrinsically valuable because they are made from pure precious metals and few have been left in circulation. Photo: Counterfeit coins from a street hawker! Mint mark: S Face value: $1 Year sold: 2008 Auction house: Stanford Coins and Bullion Price realized: $1.3 million The 1870 S Seated Liberty Dollar is an intriguing coin, because there is no official record of this coin existing, though 11 traced specimen supposedly exist. Gold & Silver Coin Investment vs Bitcoins. CLEANING RUINS VALUE. In general, most fake coins are not worth anything, maybe a couple of dollars but the class “A” copies of a very rare coin might be worth U.S. fakes are technically illegal to own. Coin Hunter automatically processes sales data for each coin, the 200 most recently sold coins matching the coin name in the 50p coin category are used. You are then less likely to be fooled by a fake. Again, your 1804 dated dollar is not real. These coins really shouldn't have variance except for wear. The problem with these and other novelties is they will never increase in value. Thought I'd start with this one. Here's a value chart for reference Morgan Dollar Value Charts. Although the National Coin Hobby Act states that imitation coins must contain the word “copy”, coins are being produced in China without concern for the regulations. The person I traded with was pretty happy, considering he also sold his coin, except on eBay. To help collectors and dealers identify counterfeit coins, NGC has prepared lists of the most commonly counterfeited US, Chinese and world coins with diagnostic information and images from NGC’s extensive database, as well as commentary from the NGC coin grading team. Does a counterfeit coin have any value? Magnetic Slide Test. Link: https://www.youtube.com/watch?v=GajK6Vrh2Rs The ping test runs the risk of inflicting … It has no resale value. A counterfeit or fake coin doesn’t have any numismatic value though it’s gold or silver can be extracted by assay. Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. The ping test doesn’t guarantee you’ll spot every fake silver coin, but it should be the first test to which you subject any suspect coins. Coins for sale … The United States Mint does not comment on coin grading issues or on a replica’s current or future value as a collectible item. For help identifying a coin, check the FREQUENT COIN LIST first. Silver Coins © 2021. Fake coins often times will contain hole markings. Even where the word copy is used, some coins may claim to have value they may not actually have. We can help with ID if you post clear, well-lit photos of both sides of a coin, but please no more than 10 per submission. Coin Value Price Chart for Replicas and Reproductions General. In most cases, nothing more than a keen eye is needed to spot a fake … 2 - Surfaces: The overall appearance of the fake coin looks un-natural. 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