its spelled- UNDRRD. 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. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. But on his way to the coin show, his car crashed . The tool is called Is My Coin Silver?. These coins are pretty good representations of a genuine 1795 off-center bust dollar! I've recently seen something similar with fake one-ounce gold bars. Here is a genunine example. 5 Must Have Books For All Coin Collectors. 1799 US SILVER DOLLAR DRAPED BUST ANACS EF40 STUNNING COIN $1 XF40 PQ Toning $6,495.00 Free shipping 1800 Draped Bust Dollar ANACS XF40 Details Rim Bumps $3,750.00 $12.00 shipping or Best Offer 1799/8 Draped Bust DOLLAR *PCGS XF* 13 Reverse Stars *SUPER FAST SHIPPING!!! The image shows the major common circulation marks between the 1799, 1801, and 1802 counterfeits that also show on this one. Looking over my old Red Books, that would have been a cheap price even using the numbers from the first edition of that price guide. Counterfeit Home 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. All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins Is This 1799 Silver Dollar A Fake Next Page | Last 15 Replies It sold for $503,125 in 2009. Coinflation. One Dollar 1795, In Bad Condition. DESIGNER: Robert Scot Thanks to all followers and soon more news to come. Save my name, email, and website in this browser for the next time I comment. Stick around a while! Notes: 5 variations of the draped bust dollar can be found. These are sellers who solely sell minted, certified and .999 fine items of gold and silver. The first is to have access to detailed specifications of a genuine coin. The counterfeiter will take two common coins, split them in half, and glue or solder the two halves together. Also, small changes have been made to the design and layout. Especially the older persons with failing eye sight. 50 year member ANA. All I can say is. These common marks have lead others to nickname these the vampire counterfeits, although there must be a genuine source example out there somewhere! Around the outer edges of both the obverse and reverse sides . It might be some kind of silver round. Collector and dealer in obsolete currency. This can easily increase the value of the coin by ten fold. With extremely low mintages and survival rates, all are rare. This section is more of a layman's guide, for those new to collecting. Makes me wonder whether the previous homeowner planned a practical joke on the next person to tear down the walls, decades in advance, or if someone you know intentionally planted it during the demo. Use a high precision caliper to measure the diameter and thickness of the coin. 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. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. Join a discussion group or club focused on your interests such as Early American Coppers (EAC), and ask other experienced members and friends. These are sellers who solely sell minted, certified and .999 fine items of gold and silver. The example on the right appears to better match a genuine B-10 1799 Draped Bust dollar, but common markers between the two suspect examples reverses and to the 1801 and 1802 counterfeits cannot be overlooked. As you can see from the photos, the coin you posted in not real. Obverse/reverse images by Raymond Bruels III; close-ups by Brian Kent; all courtesy of ANACS. If anything seems inconsistent, its best to inquire elsewhere. 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. But I have found hardly anything writen about the lettering on the edge.The size is 29.5mm the weight is 26.5 METAL: 90% Silver, 10% Copper. Dishonest people are always developing new methods of counterfeiting coins. There are silver rounds out there with the designs of classic coins on them. Tags: avoid fake, counterfeit, fake coins, how to spot fake fake coins. The sad thing is that he had 7 of them for sale. Look for the seam Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. With calipers, youll get a better reading, allowing you to be more certain whether or not you have a fake coin in your possession. Athens, Greece - Coin Shop Recommendations, 2004-P Washington Quarter (Wisconsin) Question. Quick Links: Fake coins often times will contain hole markings. Mintmark: None. 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. This is a simple test that will tell you right away if a Trade Dollar is real or not. And then there is this 1798 member of the family: Again, the big problem here is that this is the reverse of the 1799 B-10a reverse that wasnt used for the 1798. And review similar items on the internet: major auction house sales archives and NGC and PCGSs variety pages are great online resources. 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. It Has No Year Mark. One troy ounce will ALWAYS be 31.103 grams. 0.77344 t oz. The second is known as coin splitting. This style of producing counterfeit U.S. coins is achieved by taking two coins, splitting them in half, and merging the two halves together. 42,738. A counterfeit coin is any coin that is made by an individual without the knowledge and consent of the issuing country or entity. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. *** [?]. Introducing Coin World+ Get the brand-new mobile app! Like this post? And this one sports a realistic-looking die break. You can also toss it into a wishing well, and wish that all of the Chinese and Russian counterfeiters should burn in Hades for eternity. Silver weight is measured in troy ounces. Its 39.5 Click here to Learn How to use Coin Price Charts. If the official composition of the coin states that it does not contain any steel, the coin should not stick to the magnet. If they are significantly off, you may have a counterfeit coin. The obverse exhibits several different things going on that I find troubling. Before we begin talking about some basic techniques to catching fake coins, its worthwhile to consider the three most popular methods in which counterfeit coins are produced. @BillJones - Slightly off topic, but can anyone explain the different color bordering that appears around all the stars on the reverse of the picture above? 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. Coins that have soft, mushy letters and devices are an indication the coin might be counterfeit. The digital scale is essential to weighing your coin. 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. 1799 Draped Bust dollars are the most common in the popular Draped Bust dollar series. Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. 423,515. Do not buy bargain coins offered at flea markets and online. With just a magnetic slide and a stopwatch, you can test this method at home and see if you have a fake coin! I Did A Test Silver & Weight Was Correct. There is a lot of knowledge here and you did the right thing by asking about those. Recently a version with the 1801 date had been seen for sale on the internet. Question is. Counterfeit, fake coinshave been in circulation throughout the Americas. Manley donates rare Jefferson document to ANA Library, New Zealand issues its Charles III effigy on commemoratives, Bank of England Charles III notes now in production, Mint sells years first platinum bullion coins in March, Coin World Thought Leaders Series: Chris Arbutine of Belleair Coins. Ewww. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. The United States Mint purchased its first reducing lathe in 1833. 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. This type of counterfeit is usually fairly easy to identify, especially if a collector has a genuine coin to compare to the suspect piece. On fakes, they won't. Look carefully at the accompanying documentation and packaging. It's entirely the wrong color as a coin over 200 years old would not be silver in color. In 1794 began the minting of one of the most valuable silver dollars. Thank you all for your comments. And next are the 1797s, as the family just keeps expanding! Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Notify me of follow-up comments by email. The image shows the major common circulation marks between the 1799, 1801, and 1802 counterfeits that also show on this one. 1796 Look at pics youll see the word Hundred misspelled. NEW! A dirty gray brown would be expected. Type Collector of U.S. Pre-33 Gold https://instagram.com/deplorable_dan Successful transactions with- @drfish, @Cladiator, @johnny010, @Pedzola, @PerryHall, @2windy2fish, @Ike1964, @JohnThePainter, @rpmsrpms, @REALGATOR. It does have some value, just not numismatic. Those would fool most experienced numismatists who didn't know better. Can you give me more information CaptHenway? The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. PSE | 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. Therefore, if a magnet is cozying up to the newest addition in your coin collection, its more than likely a fraud. Subscribe to our newsletter to receive exclusive discounts and industry news. The second option to test for magnetivity is to utilize a magnetic slide. Don't clean it in any way, Find an expert who can see it in hand. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. Answer (1 of 2): Think you got your number of stars wrong. While United States Mint records indicates production of 19,570 Draped Bust silver dollars in 1804, there is no evidence that these coins bear the 1804 date. I have a counterfeit 1795 with vampire marks!! a little under the 26.96. 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. The main things youll want to look for when examining your coin visually are surface qualities that are mismatching, including: surface texture, text spacing, seams, markings and edges. CHECK OUT COINS FOR SALE IN THESE POPULAR CATEGORIES, 2023 Amos Media Company. An Absolute Exquisite Stunner! This is how I suspected and learned Id been taken on an extremely expensive coin I paid a fortune for since bar code didnt align with serial number correctly Lastly wait until theres a Whitman show and only buy from a dealer there. To my eyes, it appears to be a poor fake, but wondering what you think about it? Also check the alignment of the bar code with the serial number. 16 watching. If the coin is even slightly attracted to the magnet, then you know you have a fake on your hand, as metals with contents of iron and steel are the most likely to be attracted. These popular CATEGORIES, 2023 Amos Media Company who didn & # x27 ; t. Look carefully the. 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