Magnets are not attracted to elements such as gold and silver. Reverse of internet 1799 examples above. Every fake coin struck from these dies will then exhibit identical marks, referred to as depressions by authenticators. 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. This coin does not match any genuine 1802 variety and has one significant obvious feature we nicknamed the flattened 1. Use a high precision caliper to measure the diameter and thickness of the coin. 1 Troy oz weight, or 31.103 grams. 2023 Liberty Coin & Currency "Liberty Coin and "Liberty Coin & Currency" are trademarks of Liberty Coin, LLC (Signal Hill, California), and are used under license. does anyone know if this is an error? Many times, fake coins do not contain all the same mintmarks consistent with a certified authentic coin. Images of the 1801 compared to the 1802 (white indicates common, red non-common marks): 1801 internet example; 1802 images courtesy NGC. Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. This price does not reference any standard Left: Genuine 1799 B-10; image courtesy PCGS. Differences in the style of date digits or lettering are usually the first things to check. I bought my coin graded in the case over 10 grand because it looked right and it was in the case right ? U.S. Trade dollars, Bust dollars and Seated dollars have been targeted, as well as Spanish Colonial 8-real coins, European talers, Japanese yen and Trade dollars, and a huge variety of Chinese dollar coins. It's also quite "busy", an authentic coin would be smoothed from circulation. Tell them to check the ngc and pcgs websites for the serial numbers of encased coins. 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. On the M of FM (the assayers initials) a depression appears at the top left of the M, and another on the bottom of the right base of the M, overlapping into the field. Notify me of follow-up comments by email. Tags: avoid fake, counterfeit, fake coins, how to spot fake fake coins. Sounds strange, right? While we were discussing it in a Facebook group I administer, CoinWeek was also reporting on it with an NGC article using the same images; apparently, it was submitted for certification and kicked back, and then someone attempted to sell it raw. 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 ability which a metal has to conduct heat. Problem is it looks worn, like it was meant to deceive. This process will yield a coin that will give the illusion of a rare and more expensive coin. Weight: 27.0 grams. Brought to you by Sapling. Any defects on the surface of the genuine model coin, such as contact marks, scratches, digs and dents, will faithfully transfer over to the fake dies. To Check Or Not To Check The PCGS Variety Attrib Box: 1837 Small Date H10c No Stars, For Sale: 1911 George V Coronation 8 Coin Silver Proof Set, For Sale: 1999 Proof & Uncirculated Susan B Anthony Lot, For Sale: 5 Sovereigns; 1907, 1908 And 1910, For Sale: UK 2020 2 Silver Proof Queen's Beasts White Horse Of Hanover 1 Oz Ag, For Sale: Die Varieties Of United States Large Cents 1840-1857, For Sale: Silver Eagles, 40% Silver Kennedy's And 50 Pence, For Sale: 2023 Tuvalu Proof Baby Rabbit Colorized Perth Mint 1/2 Oz Ag 50 Cents, For Sale: Canadian - 2007 Baby Keepsake Tins And Sterling Silver Dollar / Unbroke Set, For Sale: ATB Quarters S Mint Business Strike Complete Sets, For Sale: 2021 Fender Stratocaster Guitar Shaped Silver 1 Oz Coin Solomon Islands $2 Coin, Coin Community Selling Rules - Updated Feb 23 2023. ANACS has a huge file of these counterfeit markers that we use to identify counterfeit coins. This is the reason why it is nicknamed the Silver Liberty Dollar or Flowing Hair Silver Dollar. 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. Coinflation. For example, a 1943 Lincoln cent should be made out of zinc plated steel. I have noticed this effect on a bunch of older silver items and am trying to understand what is going on. Coins Found in Pocket Change, What Are Doubled Die Coins and How to Identify Them. The obverse exhibits several different things going on that I find troubling. Either way, since it is not marked as a copy, when they took your money, they committed a crime. Unsubscribe at any time. There are two notable varieties for this coin. Split coins are another example of a counterfeit coin that has been radically altered. ! We are also gold, silver, diamond, currency and jewelry buyers. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1799, 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. No, we dont mean to imply that youll need to melt your coin down to determine whether or not its a counterfeit, rather you should place an ice cube on the coin to see what reaction you end up with. So this is yet another of the family counterfeits based on the 1799 B-10 variety that also includes 1800-1802 dates as well. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Right: Internet 1799 example, Reverses of (Left) Genuine 1799 B-10 (image courtesy PCGS) and (Right) internet 1799 example, 1802 example image on the right courtesy NGC. 423,515. Except one thing. Initially, people counterfeited coins to deceive merchants and citizens with the fake currently circulating coins. Once the molds are ready, the molten metal is poured into the mold. 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. its suspect he has 4 of them? NEW! 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. This is just between you and us. 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. CoinWeek: Numismatic & Coin Collecting News, United States 2016 American Eagle Platinum $100 Proof Coin, Emergency Money: A Short History of Siege Coins, CoinWeek Podcast #177: Tom Uram on Coins & Clubs, Stacks Bowers to Offer Mint State 1873-S Open 3 Double Eagle, Gold Coins From Hansen Collection Offered by David Lawrence, Royal Mint UK Reveals Charles III Coronation Coin Range, United States 1972-S Uncirculated Eisenhower Dollar, $200,000 in Dimes Stolen From Truck in Philadelphia: CBS, Its Time to Rewrite the Price Guides for Nice Southern Gold Coins, New Egyptian Gods Coin Series Begins With Goddess Isis. We have documented several dates with the same reverse and "attribution marks", all obviously counterfeits. Fake coins are produced as a means of deceit, to trick people, buyers and businesses that the coins are legitimate. 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. Well never sell your information to third parties who will abuse the opportunity to send you awesome stuff. And next are the 1797s, as the family just keeps expanding! Athens, Greece - Coin Shop Recommendations, 2004-P Washington Quarter (Wisconsin) Question. Troy ounces weigh about 2 grams more than the standard ounce. The 1794 dollars are extremely rare and valuable. So, please be careful buying any silver dollar because it can cost you. As I have previously noted, a Red Book would help weed many of these out. Current silver melt value* for a 1799 Draped Bust Dollar is $19.35 and this price is based off the current silver spot price of $25.02 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value. Like the 1799 die-struck counterfeit dollars with the broken "R" in in LIBERTY. The second option to test for magnetivity is to utilize a magnetic slide. Some high-quality counterfeit coins have even fooled expert numismatists. Collectors Corner | Can someone have may a mistake in the lettering? If you think a coin may be counterfeit, seek a second opinion before you buy it. In other words, a coin produced at the beginning of the year with one coin die would be almost indistinguishable from a coin produced at the end of the year with a different set of dies. The Lucky Penny Website says that Ally . $3,196.75. More experienced counterfeiters will use a centrifuge to ensure that the molten metal flows to the farthest recesses of the mold. By using this method, you are taking the correct means to guarantee that your purchases are secure and that your coins are legitimatenot counterfeit. I believe original rare coins are being near perfectly copied using same gold or silver materials then encased in the copied ngc and pcgs cases. 1795 Flowing Hair Silver Dollar $1 - Certified NGC VG Detail - Rare Coin! Do you know anything about this company? Silver Coin. The word genuine NEVER appears on the site. No offense. Look at pics youll see the word Hundred misspelled. Afterwards while rechecking the ngc website I saw that my serial numbers didnt align similarly with the barcode on the coin in the case that ngc displayed I rechecked with ngc at Whitman show and sure enough thats whats going on now. 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. The two devices youll need to make these measures are a digital scale and a pair of calipers. Metal Content. Doug Beech (O wner) 250-378-7392 Don Gossoo Managing Broker Bailee Allen 250-315-9648 Brad Yakimchuk Per sonal Real E st ate C orporation 250-315-3043 Jared Thomas 778-694-6804 #102, 2840 Voght . Around The World With Coins - A Coin Geography Game. I sent him a text yesterday saying that they were fakes and he acted like he was sincerely concerned and didn't know anything, but now I see he hasn't taken his ad down and is trying to scam people. Oh, BTW, welcome to the forums, Matt. Quick Links: On the other hand, if an official coin specification states that it does contain steel, then a genuine coin will stick to the magnet. If yours is in nice condition it will be valuable. But on his way to the coin show, his car crashed . Typically they are too high or much too low. . Many pages have been updated and new pictures have added to give a better user experience. Cast counterfeit coins are the most easily counterfeit detective coins of all. Opinions Invited! Want more info? It Has No Year Mark. Our social media pages on Facebook, Instagram, Twitter, and Pinterest are created and a YouTube channel will follow. Please Help Me Determine If This Is Valuable! I Went To A Pawn Shop Searching For Silver Coins. 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. Counterfeit coins come in a variety of different forms, most of which are created either to (1) recreate a precious coin that is normally minted by a country or region or (2) modifying a regular coin to make it look more expensiveto harbor more numismatic valuethan it actually is. The captions and images got a little out of sync and we missed the image of the 1799. Below are some photos of a real 1799 graded VF Details, so you can compare. How could the seller even expect to pass those off as genuine? Upon further examination no 2 stars have the same shape. This example is illustrative because both gold and silver are. However, more recently, counterfeit 1 pound coins from Great Britain have been discovered. Pogue, who died in 2019 at age 54, acquired the coin in 1999 for . All Rights Reserved. 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. Now the fun begins, as the counterfeiters use the base example and die and create the improbable family series of dates. Perhaps, if nothing else, you can drill a hole near the top and use it as a sinker weight and tie it through some fishing line. Get it FREE now. Numismatist. With extremely low mintages and survival rates, all are rare. The backstory behind this is very interesting. Also check the alignment of the bar code with the serial number. Collectors.com | 2. Stick around a while! When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Jack D. Young. A dirty gray brown would be expected. Counterfeiters have taken genuine 1943 steel pennies and plated them with copper. 1799 $1 (Regular Strike) Series: Draped Bust Dollars 1795-1803 PCGS MS66 View More Images PCGS MS65+ PCGS MS65+ PCGS #: 6878 Designer: Robert Scot Edge: Lettered: HUNDRED CENTS ONE DOLLAR OR UNIT Diameter: 40.00 millimeters Weight: 27.00 grams Mintage: 423,515 Mint: Philadelphia Metal: 90% Silver, 10% Copper Auction Record: The image shows the major common circulation marks between the 1799, 1801, and 1802 counterfeits that also show on this one. It sold for $503,125 in 2009. The sad thing is that he had 7 of them for sale. I aprreciate your time. And like the 1802, this 1801 doesnt appear to match any genuine variety and the internet listing was also removed as counterfeit. Visit the link to learn more about each coin. In-depth overview of the 1799 Draped Bust Large Cent, including its key features, value and how to appropriately judge the coins condition. metals that are repelled by large magnetic fields. Is It Worth Buying? no H & 2 Rs. EDGE: Lettered: HUNDRED CENTS ONE DOLLAR OR UNIT This type of counterfeit coin is made by placing a plancheta flat, round metal disc from which a coin is madebetween two coin dies. Copyright 2023 Provident Metals Corp. All Rights Reserved. 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. It's entirely the wrong color as a coin over 200 years old would not be silver in color. 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. I have noticed this effect on a bunch of older silver items and am trying to understand what is going on. And review similar items on the internet major auction house sales archives and NGC and PCGSs variety pages are great online resources. . Save my name, email, and website in this browser for the next time I comment. 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. Counterfeit 1799 Trade Dollar Liberty Seated - CC - Reverse side. I have owned this piece for 30 years, and it has not changed over that period. Genuine Or Fake? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. With just a magnetic slide and a stopwatch, you can test this method at home and see if you have a fake coin! It's entirely the wrong color as a coin over 200 years old would not be silver in color. It just doesn't happen. They passed the magnet test, sight inspection, and diameter measurement. I was wondering the same thing. 0.77344 t oz. Your email address will not be published. Around the outer edges of both the obverse and reverse sides . When purchasing coins, you want to ensure that you are purchasing them through sellers who have a notable reputation within the field of selling bullion. Yet Another Forum Game - Numismatic Go Fish! Counterfeiters have a hard time getting the relief of a coin just right. The issues that arise with fake coins being rife and intermixed within monetary circulation is that people, especially collectors, need to be aware of when a counterfeit might be on their hands. This area of study tracks the historical production of coins and both their cultural significance and impact. I Did A Test Silver & Weight Was Correct. Look for the seam Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. How Do I Tell If a Two Headed Coin Is Genuine? Improving Your Counterfeit Detection Skills, Lincoln Wheat Penny Key Dates, Rarities and Varieties. PSA | 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 doesnt need to be Extravagant, 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. PCGS | 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!!! 1796 These two frauds utilize different obverse dies with a common (1799 B-10) reverse. I have a 1795 most surely a counterfeit how can I send you pictures to have a look at. 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. Very Worn 1998 50 Pence - What Caused It? Answer (1 of 2): Think you got your number of stars wrong. Counterfeit Home CoinTrackers.com estimates the value of a 1799 Draped Bust Dollar in average condition to be worth $796.00, while one in mint state could be valued around $22,118.00. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. 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. Every American Silver Eagle produced by the US Mint has the following specifications year after year: Content: .999 silver, .001 copper. Miss Liberty (not a real person) is on the obverse of the coin and assuming no mint marks retail values for circulated coins run from $38.00 to $45.00 depending on the condition of the coin. If you didn't know if was fake before then you do now. . This is a simple slide that can be created at home by using a few magnets that are coupled together at an angle, much like the appearance of a slide. Especially the older persons with failing eye sight. This one has many matching reverse marks to another internet exampleas well as the 1801 and 1802but does not have the flattened 1 feature in the date and has some unique marks (in red). Scot also designed the popular and rare Flowing Hair dollar coinage along with the Liberty Cap half cent. It's a very poor fake. 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. Diameter of 40.6 mm, or 1.598 inches. Fake a hundred times over not even close!! There is also a redemption code that the finder can use to claim their $1000 dollars. If the stack topples over, you have a reason to become more cautious with the transaction. Either way, a counterfeiter makes his money by turning less valuable material into something that appears more valuable. What Was Kinda Funny. Martin Kurtz New Member. Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. A basic skill set of how to detect counterfeit coins will hopefully save you money by avoiding the purchase of counterfeit coins. 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. Areas you should study include the shape of the letters, the position of numbers, details on portraits, and the overall look and feel of a genuine coin. The most common dates are the 1798 and 1799, though these are quite challenging to find with truly original, undamaged surfaces. The Flowing Hair dollar was the first dollar coin issued by the United States federal government. I Brought Them. Precious metal coins have long been appreciated, both for their historical and monetary value. Above the image of Lady Liberty is an inscription which reads "Liberty," while the 1799 year of minting is positioned towards the bottom. The design succeeded the Flowing Hair dollar, which began mintage in 1794 and was the first silver dollar struck by the United States Mint.The designer is unknown, though the distinction is usually credited to artist Gilbert Stuart. This had in its design the Liberty symbol with the loose hair waving in the wind. Please Grade This 1799 Liberty Coin Next Page | Last 15 Replies This is a simple test that will tell you right away if a Trade Dollar is real or not. To Check Or Not To Check The PCGS Variety Attrib Box: 1837 Small Date H10c No Stars, For Sale: 1911 George V Coronation 8 Coin Silver Proof Set, For Sale: 1999 Proof & Uncirculated Susan B Anthony Lot, For Sale: 5 Sovereigns; 1907, 1908 And 1910, For Sale: UK 2020 2 Silver Proof Queen's Beasts White Horse Of Hanover 1 Oz Ag, For Sale: Die Varieties Of United States Large Cents 1840-1857, For Sale: Silver Eagles, 40% Silver Kennedy's And 50 Pence, For Sale: 2023 Tuvalu Proof Baby Rabbit Colorized Perth Mint 1/2 Oz Ag 50 Cents, For Sale: Canadian - 2007 Baby Keepsake Tins And Sterling Silver Dollar / Unbroke Set, For Sale: ATB Quarters S Mint Business Strike Complete Sets, For Sale: 2021 Fender Stratocaster Guitar Shaped Silver 1 Oz Coin Solomon Islands $2 Coin, Coin Community Selling Rules - Updated Feb 23 2023. 1799 small eagle reverse counterfeit As I have previously stated in other articles one of the best ways to protect yourself from this type of fake for sale is to learn the series yourself. 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). Slightly off topic, but can anyone explain the different color bordering that appears around all the stars on the reverse of the picture above? 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. Don't clean it in any way, Find an expert who can see it in hand. The $100 question of the day: As a coin collector, how can you be certain that you dont end up purchasing a fake coin? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Tengo una moneda de plata de 1795 pero no da el peso pesa 23 gramos a que se debe. When that die wore out or broke, the artist would create another one. Let us know on Facebook, Twitter, Instagram, or Pinterest. For example, an unscrupulous person with minimal experience can take a 1928-S peace dollar and remove the S mintmark. CoinTrackers.com estimates the value of a 1799 Draped Bust Dollar in average condition to be worth $796.00, while one in mint state could be valued around $22,118.00. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Subscribe to our blog and youll be the first to know about rare coins, gold & silver news, bullion investing, treasure discoveries, and upcoming shows. 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! Counterfeit 1799 Trade Dollar Liberty Seated CC Obverse side. Recently purchased on e bay two uncertified 1799 silver dollars. It took 0.36 seconds to rattle this change. Top 10 Most Valuable U.S. 5 Must Have Books For All Coin Collectors. If you're going to be spending a substantial amount of money ona coin, it is a good idea to protect yourself by adhering to these four principles: Counterfeit coins can be grouped into three categories: struck counterfeits, cast counterfeits, and altered coins. A look at ANY U.S. illustrated coin catalog for comparison pictures will reveal op's coin as fake.
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