Visit us first for a free evaluation. Obverse/reverse images by Raymond Bruels III; close-ups by Brian Kent; all courtesy of ANACS. In 1962, a man named George Walton wanted to find out what his 1913 Liberty Head nickel coin was worth. The date was struck to the tune of 423,515 pieces and among its several attributed varieties offers around 10,000 pieces for collectors today. The tool is called Is My Coin Silver?. Around The World With Coins - A Coin Geography Game. 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. Like this post? I have created a set of images comparing this with the second posted example and highlighted common marks between the two as follows. This is what I found to be suspicious. If you place an ice cube on your new authentic silver coin and it does not immediately begin the melting process, odds are you have a fake on your hands. Does LIBERTY even exist in China? These coin dies are attached to a coining press, which are then pressed against one another, casting the planchet within the mold that is created by the two of them. It's entirely the wrong color as a coin over 200 years old would not be silver in color. This might seem like a crazy idea, but some more expensive coins can be replicated through this method. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Save my name, email, and website in this browser for the next time I comment. During the writing of this. Thanks to all followers and soon more news to come. The counterfeiter loads the coin dies into a coining press that uses several tons of pressure to strike the counterfeit coins. The coin, graded Proof-68 by PCGS, a professional coin grading service company, was offered from the collection of D. Brent Pogue. Silver Coin. The Draped Bust design, like the Flowing Hair type, represents a visage of Miss Liberty. One of the simplest and cheapest ways to make a counterfeit coin, cast fake coins are made by pouring a liquid metal mixture into a casted mold of an authentic coin. Mintage. would move slower down the magnetic slide than a counterfeit that contains some other metallic material, primarily due to that repellant magnetic force that counteracts the gravitational force. WEIGHT: 27.00 grams 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. So yea imagine in your year (1799), your dollar and a half, quarter and dime all the same year!! This can easily increase the value of the coin by ten fold. ! It does have some value, just not numismatic. I Did A Test Silver & Weight Was Correct. Cast counterfeit coins are the most easily counterfeit detective coins of all. Liberty seated silver dollars were made from the year 1836 until 1873. This manufacturing process is the most tedious and expensive way to create a counterfeit coin. A prospective buyer can test the authenticity of a coin by stacking it up with coins from the same series. If you are a fan of coin roll hunting or just want to learn more about Draped Bust Dollars then search or scroll below to find the most valuable and rarest in this series. Look for the seam Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. Its understandable to be concerned as a coin collector, as the last thing you want to end up with is a coin that has little-to-no value when you originally believed there was more to it. What Was Kinda Funny. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Many pages have been updated and new pictures have added to give a better user experience. Typical counterfeit 1804 dollars have reeded edges . The most valuable Draped Bust Dollar's. Carefully under high magnification Compare your coin with the coin displayed on the website. Upon inspection of the gold or silver coin you are about to purchase, if certain marks do not add up, ask if the seller has the paperwork to back up their claim of said coin being real. Maybe so, but this trick comes with scientific reasoning. Thank You. metals that are repelled by large magnetic fields. Liberty Coin & Currency specializes in rare coins and currency. This coin in poor condition is still worth $776.65 more than the intrinsic value from silver content of $19.35, this coin is thus more valuable to a collector than to a silver bug. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1799, , the ability which a metal has to conduct heat. So, when brought into contact with a number of magnets, these metals will undergo a repellant force. EDGE: Lettered: HUNDRED CENTS ONE DOLLAR OR UNIT Thank you for responding. LOL! It is IMPOSSIBLE that these could be genuine original coins. And the last, more of a half-brother if you would, is this 1799 correctly centered bust but the same reverse as the other family members which is wrong for a 1799! Here is a genunine example. The fake shown here exhibits a number of depressions on its surfaces. A genuine 1799 8-real coin was used as a model coin when the fake dies were produced, so all the details of the coin are accurate. These are sellers who solely sell minted, certified and .999 fine items of gold and silver. Genuine Or Fake? Magnets are not attracted to elements such as gold and silver. Coin Facts: Im not buying anything until I know more about these cretins. Sorry, I hope you didn't spend good money on this! One of the best and easiest ways to find out whether the silver jewellery you own is real or fake is by checking the label on the jewellery. Podcast Republic is one of the most popular podcast platforms on the world serving 1M+ podcasts and 500M+ episodes worldwide. This example is illustrative because both gold and silver are diamagnetic metalsmetals that are repelled by large magnetic fields. Either way, kudos to them for the success. Precious metal coins have long been appreciated, both for their historical and monetary value. They passed the magnet test, sight inspection, and diameter measurement. Lately I have seen similar coins and Morgan silver dollars from a company called Aprilera. Differences in the style of date digits or lettering are usually the first things to check. . Compared to steel, which has a thermal conductivity of 45 (W/mK) and iron at 71 (W/mK), both gold and silver conduct heat much better than either steel or metal. I also see it around the eagle and lettering on the coin. 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. The host coin is used as a model to create the cast. In a discussion at the 2019 Dayton EAC Convention on counterfeits, we talked of 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. [1] Some coins will stick to magnets, but not silver Trade Dollars. 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. If the official composition of the coin states that it does not contain any steel, the coin should not stick to the magnet. It sold for $503,125 in 2009. Our social media pages on Facebook, Instagram, Twitter, and Pinterest are created and a YouTube channel will follow. I also see it around the eagle and lettering on the coin. Specifications Type: Draped Bust Dollar Year: 1795 Face Value: $1.00 Composition: 89.24% silver, 10.76% copper Silver Weight: .7731 oz. Use a scale that is accurate to within 0.01 grams to measure the weight of the coin. Draped Bust Dollar's produced in 1799 are 90% silver to be precise, and contain .7735 troy oz or 24.05 grams in total of .999 pure silver. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. In Average Circulated (AC) condition it's worth around $796.00, Slightly off topic, but can anyone explain the different color bordering that appears around all the stars on the reverse of the picture above? BUY AND SELL COINS SAFELY AND WITH CONFIDENCE. Welcome to the boards and return that as quick as you can. In this installment, I will present and summarize a fourth family series, this one based on the 1799 B-10/ BB-163 large eagle reverse dollar. Oregon coin geek..*** GO BEAVS ! Is It Worth Buying? It was my understanding that the person from whom I purchased this piece paid $15 for it probably many years before I purchased it from him. Use a scale that is accurate to within 0.01 grams to measure the weight of the coin. The reason we show this page is that many of these forgeries are in circulation and with finding this page at least you know what kind of coin you have. 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. Hi to all. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ? This process will yield a coin that will give the illusion of a rare and more expensive coin. Do you know anything about this company? The reverse side on this counterfeit coin has the same details as used for other counterfeit trade dollars with a different date on the obverse side. sorry. METAL: 90% Silver, 10% Copper. This is the reason why it is nicknamed the Silver Liberty Dollar or Flowing Hair Silver Dollar. Use an extremely strong magnet to see if the coin is attracted to it. Coins worth more to a collectors may be a better long term investment. If the magnet sticks, the coin is a counterfeit. This is the biggest immediate give away to me plus the overall appearance & color of the piece. Copyright 2005 - 2023 Coin Community Family- all rights reserved worldwide. Current silver melt value* for a 1799 Draped Bust Dollar is $19.63 and this price is based off the current silver spot price of $25.38 This value is dynamic so bookmark it and . 1795 Flowing Hair Silver Dollar $1 - Certified NGC VG Detail - Rare Coin! Therefore, only the more valuable coins are counterfeited using the struck fake method. Fake coins often times will contain hole markings. The lathe was the first step in automating the production of coin dies to ensure design consistencies for the entire year of production. The backstory behind this is very interesting. It looks like you're new here. If you didn't know if was fake before then you do now. In-depth overview of the 1799 Draped Bust Large Cent, including its key features, value and how to appropriately judge the coins condition. Additionally, ordinary coins may be altered to look like more expensive coins. It might be some kind of silver round. . Both gold and silver are non-magnetic metals, meaning they should feel no reaction when a magnet is nearby. One of the first examples we saw was an 1802 from an internet venue back in early 2018. Struck coins usual make for some of the most unrecognizable counterfeit coins, as the process through which they are produced is quite similar to how mint manufacturers produce their own coins. When shopping for a digital scale, youll want to find one that can measure to at least one one-hundredth of a gram (0.01), as youll want to ensure that your measurement is as accurate as you can be without requiring high-end scientific equipment. I haven found enough information on the lettering on the edge. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. 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, Bolender # B14 Lustre is slightly PL and not . Since their conception thousands of years ago, coins have held a special place in the human psyche and have since become items highly sought after. The digital scale is essential to weighing your coin. I only know the basic words , CENTS,ONE,DOLLAR, OR, UNIT with 2 stars in between the words. It just doesn't happen. No matter the method applied to creating the coin mold, these types of counterfeit coins will all be cast the same way, using a coining press to strike the coins. If it were genuine this kind of identifier would be well known. . I got that and a few more in Mexico. There are two methods to increase the value of a normal coin to something rare and seemingly antique. Edge: Lettered "HUNDRED CENTS ONE DOLLAR OR UNIT" with various ornaments. The 1794 dollars are extremely rare and valuable. Quick Links: - Last updated: June, 10 2022. Total Weight: 26.96 grams Current Silver Bullion Value: $19.97 The US minted the 1795 Draped Bust dollar with no mint mark. There is also a redemption code that the finder can use to claim their $1000 dollars. Left: Genuine 1799 B-10; image courtesy PCGS. Next, look at the coin's color to make sure it matches the metal composition of a genuine coin. 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. Silver weight is measured in troy ounces. A counterfeit coin is any coin that is made by an individual without the knowledge and consent of the issuing country or entity. Here below are the images from an authentic and a counterfeit draped bust silver dollar coin, both showing the year 1796. If the ice cube melts as if it normally would at room temperature, it might be a sign that you have a fake coin. Please Grade This 1799 Liberty Coin - Coin Community Forum This page may contain links that result in small commissions to keep this free site up and running. Michael Fahey is a senior numismatist at ANACS in Denver, Colo. Depressions, shown by arrows, appear on the counterfeit 1799 8-real coin on the M of the designers initials FM, and about ET from the reverse inscription. 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. The image shows the major common circulation marks between the 1799, 1801, and 1802 counterfeits that also show on this one. It's also quite "busy", an authentic coin would be smoothed from circulation. Struck CounterfeitsCounterfeiters make struck counterfeit coins the same way a mint manufactures a genuine coin by a planchet between two coin dies in a coining press. They are also the top-collected date in the series, loosely tied only by the 1798 dollar, which is more or less equally encountered in the marketplace these days, even if there . CoinTrackers has built a tool that will let you know if your coin is silver or not. For example, a counterfeiter can purchase a 1909 Lincoln cent with the designer's initials of V. D. B. on the reverse for under twenty dollars. DESIGNER: Robert Scot For example, an unscrupulous person with minimal experience can take a 1928-S peace dollar and remove the S mintmark. (adsbygoogle = window.adsbygoogle || []).push({}); Counterfeit 1799 Trade Dollar Liberty Seated CC Reverse side. Counterfeiters have a hard time getting the relief of a coin just right. 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