1796 trade dollar fake

The Trade Dollar might have achieved its purpose for many years had it not been for events in America. Professional Coin Grading Service (PCGS) The 1804 is considered the "King" of silver dollars, and is rarely seen for sale at any market. The Philadelphia 1878 trade dollar was minted in proof only. Silver Chinese coins, along with silver trade dollars from the US and Hong Kong are among the most faked coins in the world; luckily they are easy to spot, while some others are harder. In the early 1870s, The Treasury Department decided to create a special coin for international commerce. It's important to study the coin series you collect or find images and authentic examples to make sure your coin isn't fake. You "found" this "trade dollar" at "the bank." Trade dollars were issued by the US government for use outside the country, where local coinage was unavailable or unreliable. If it sticks to the magnet in the coin machine, they just throw it away. A set of all three is not too hard to assemble. For those with a less educated numismatic eye, a good way to quickly spot the fake dollars and halves is to look closely at the edge. Detail is slightly mushy and flat for the amount of wear the coin shows. A common issue: Although MS-64 and finer coins are fairly scarce, in MS-60 through MS-63 grades this is the third most common circulation strike trade dollar. This counterfeit at least looks like the portrait was done with some skill. Published articles in local and regional business magazines about engineering, trucking, lobbyists, restaurants, theater, and politics. I agree its a fake for sure, the reeded edge is a dead giveaway. The differences are not subtle. On this one, from the famous Whitney Collection, the central devices on both sides are lighter than the peripheries. 1936 Very Cool Letter In The Rim Of This Penny! I dont know much about these, but I would bet huge money that it is fake. JD's Variety Channel 74,086 views 1796 P Draped Bust Dollar All Varieties: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. Most of the 1797-dated dollars are believed to have been among the more than 300 thousand struck during 1798. 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. Any coin intended to be silver that is magnetic is automatically a fake, since silver is not magnetic. If you have an account, sign in now to post with your account. A fake 1796 silver dollar recently acquired by Emery is not only magnetic, but bears the Flowing Hair design used in only 1794 and 1795, before the Draped Bust obverse was introduced in 1798. In fact, there was no Carson City in 1799! The 1804 Draped bust Dollar is classified as different restrike proofs, and when one enters the market it creates a large "buzz" in the numismatic community and will sale for 2-3 million dollar or more. Not often does one see a mint state early 1796 Silver Dollar. He bought piece from some crook on Craig's List for $200. Well, even though it is a fake, I will put it with the rest of the fakes I have and use them to educate others on Numismatic Forgeries and fakes! Selection of the dollar as the new design’s first showcase underscored the primacy of that coin. Hello, I came across this coin in a larger collection that I bought a while ago, I need to know if it is real or not. It could be fairly argued that each of these three is a major design subtype, though I maintain that just two are subtypes and the thi… Free shipping on many items | Browse your favorite brands | affordable prices. I get that. Also, there are hundreds of polishing lines and toolmarks in the obverse fields, and the … Dated 1796 and 1797, with a combined mintage of only 3918 pieces, of which maybe 250 survive to this day, the Draped Bust Half Dollar is a prize for coin collectors. History of the Trade Dollar . But they cannot sell it, or trade it, or lend it. This page addresses counterfeit dollars … I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. Most Mint State 1876-S trade dollars are in the MS-60 to 62 range, as reflected by the estimated population of 900 to 1,800 or more coins. Any information would be greatly appreciated. ... Amazon Second Chance Pass it on, trade … The 1906 Ellis Island silver dollar is 100% fake because the real coin was not struck until 1986 by the U.S. Mint as a silver commemorative dollar. Those numbers don’t reflect current population figures – those are much lower – but even still, 1797 Draped Bust dollars are generally scarcer than most other Draped Bust dollar issues. Did the bank take this "trade dollar" as a dollar? The US mint never minted a 1796 liberty flowing hair silver dollar they did in 1794 and 1795 so this is counterfeit as it was found on the internet on a different website but it did not tell me if there was any value to this coin. ... A real 1796 Draped Bust dollar depending on type and condition has values from $1,300.00 to about $100,000.00. For Sale: Die Variety Lot 3- Doubled Dies, RPMS In Lots And Singles, For Sale: Silver Bullion Coins & Rounds + Peace Dollars, For Sale: Silver Bullion (Many Holiday Themed) And 90% More Or Less At Spot, For Sale: Silver Bullion - Various Coin & Medal Lots, For Sale: Canadian Silver 80% + Add On French 90%, For Sale: 1998 Havana Puzzle Silver Proof Set With Box, Grapecollects' Coin Mini Mart (Us, Silver, And Some World, Die Varieties), http://drapedbustcoins.reidgold.com/page_7.html. In all, just 7,776 Draped Bust dollars were made in 1797, which is a relative drop in the bucket even when compared to other issues in the Draped Bust dollar series. Even ignoring the mushy strike and variations in design, the edge is all you need to look at to know it is fake. They have to destroy it, or turn it over to Treasury, or (perhaps) just keep it with their other mistakes. How much would a nice yet fake 1796 Draped Bust Liberty Head Silver Dollar be worth on today's market? 1796 Draped Bust Dollar, Small Date Small Letters, PCGS MS65 – sold by Legend Rare Coin Auctions for $705,000, 10/8/2020 (PCGS Cert #25011756) 1907 High Relief-Wire Edge Saint-Gaudens Double Eagle, NGC PR69 – sold by Heritage Auctions for $660,000, 9/18/2020 Problem is that it's magnetic, and I thought that the trade dollars weren't made until the 1800s. It took 0.69 seconds to rattle this change. ... Additionally, this die variety has a small date, small letters in the motto and is the rarest of all 1796 Draped Bust silver dollars 10 of 15 #6 1866 Proof Liberty Seated Dollar, No Motto . Free shipping on many items | Browse your favorite brands | affordable prices. As you had mentioned the date looks incorrect and there was no reeding of edges for these coins. ... trade it in, give it a second life : If you see a similar coin with this date it is always a fake since there were no real trade dollars minted in the year 1799. Fake Old 50 Dollar Bill. If it does not have a lettered edge, it's fake. It is without a doubt a modern fake. While the Mint struck dollars in 1804, all were produced from leftover dies dated 1802 and 1803, and no dollars were struck with the date 1804. It was initially called the Commercial Dollar and then finally the name was changed to the Trade Dollar.A majority of them were minted at the San Francisco mint and were used in servicing trade with China. 1796 Early Silver Dollar (1796 S$1) Large Date, Small Letter, NGC MS62. Given the surviving pool of 1797-dated silver dollars, the reported annual total of 7,776 pieces is way too low. The 1885 Trade Dollar is one of the rarest issues in all U.S. coinage. LostDutchman Under Staffed & Overly Motivated Supporter. Didn't mean to offend anyone. Are there fakes out there? RARE Antique USA United States 1796 Liberty Silver Color Dollar Coin RESTRIKE Original weight, size and edge! Fake counterfeit coin company. These coins can carry no mint mark, S mint marks, and CC mint marks, and the CC mint marks are the most valuable. You "found" this "trade dollar" at "the bank.". ... For those with a less educated numismatic eye, a good way to quickly spot the fake dollars and halves is to look closely at the edge. If you find a 1955 Doubled Die Obverse Lincoln Cent, you can balance your drawer with a cent from your own pocket. PhilCarr, March 23, 2011 in Fake Coin Forums. The prices, though high from the perspective of most coin collectors, are probably more understandable when taken in the context of the relative scarcity of 1796 Draped Bust dollars and, really, all early American dollars. People in society. 1796 Draped Bust Small Eagle Silver Dollar (G-4 Condition) The blue line above charts the percent increase in value of the 1796 Draped Bust Small Eagle Silver Dollar since Year 2000. The surfaces look cast to me. 2018 D Lincoln Cent What's Up With This Penny?   Pasted as rich text. Just because some people - or a lot people - break the law is not your permission to join them. The US Trade Dollar design depicted Lady Liberty resting on a cotton bale by the seashore. The Trade Dollar weighed 420 grains (.900 fine -- i.e. BB-65, B-5. This continued with the trade dollar of 1879 onward with the other two mints discontinuing production. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. Report counterfeit checks to the Federal Trade Commission, either online or by phone at 1-877-382-4357. The front is ok at best but the back is nowhere near being a "good" counterfeit. I also noticed that the edge is reeded. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited. If in fact the coin is a Small Eagle Dollar, it could be worth many thousands of dollars. Most Mint State 1876-S trade dollars are in the MS-60 to 62 range, as reflected by the estimated population of 900 to 1,800 or more coins. The varieties can be distinguished by looking at both the size of the numbers in the date and the letters on the reverse of the coin. Thank you! "Lack of enforcement is not endorsement." 1797 P Draped Bust Dollar All Varieties: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. I sadly had to tell him it was a counterfeit, but he should have known better. A great site on draped bust dollar fakes: Doesn't look even close to what it should look like. I apologize for complicating things, but as a criminologist, I see numismatics somewhat differently. fake 23 blast with a backside george reverse. Counterfeit 1796 Draped Bust Dollar Reverse Side (Bolender 5) The counterfeit coin has a reverse side with a wrong eagle on it means the maker of it did not have knowledge enough from the 1796 coins. RARE Antique USA United States 1796 Liberty Silver Color Dollar Coin RESTRIKE Original weight, size and edge! I thought I would see what you all think Genuine or a great fake ... from the 1700's ... and i like the dollar because it's big ... i know that's a stupid reason! 1796 Posts. It didn’t make its debut on the other four coins until 1796. From the rare 1796 draped bust dollars there are six varieties. 90% genuine silver coin with clear protective holder and deluxe Display Box. Here's commentary on how to detect one. The 1796 Draped Bust dollar is a very expensive type coin that is generally collected by financially well-heeled coin collectors. I tried comparing this to pictures I found online, but the only thing that seems to be off to me is the date, it looks too straight, like it doesn't follow the curve of the bottom edge of the coin. Clear editor. Get Talk Tokens for every Post!. 90% silver), compared to the peso at 416 grains (.903 fine) and the standard silver dollar at 412.5 grains (.900 fine). 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. What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. Light shades of rose, teal, and lavender and tan are seen on both sides. To me, that speaks to a need for training (which as a numismatist, I provide). As such, under US law, titled ownership is impossible: it is contraband and can be seized without a warrant. Draped bust is offset but the stars are correct. There are also plenty of counterfeit trade dollars (see below). The best place to start is to use a magnet. A fake 1796 silver dollar recently acquired by Emery is not only magnetic, but bears the Flowing Hair design used in only 1794 and 1795, before the Draped Bust obverse was introduced in 1798. I knew a bank officer who was an accomplished numismatist and his personal collection ran to National banknotes. As you have no interest in the coin, it will be easy for you to walk away from it. The dollar got the jump on all the others, though, receiving this design partway through production in 1795. Below you will find some tips on detecting fake trade dollars. WingedLiberty, Jun 23, 2010 #8 + Quote Reply. They were made from 1873 to 1885. However, thirty years later when several presentation sets of U.S. coins were needed for diplomatic gifts, the Draped Bust design was resurrected and dated 1804, as that was the last year the dollar coin had been struck. :-(. Buy & Sell This Coin. The 1796 Draped Bust dollar is a very expensive type coin that is generally collected by financially well-heeled coin collectors. I understand that often, banks do not care about numismatics as long as the accounts balance. The bank actually didn't know about it. A Couple People Said To Take Better Pictures So I Tried To.... (1993 Quarter), Medal Monday: 1826 Erie Canal Completion Medal In Gold, NGC PR62, Lesher So-Called Dollars: Octagonal Territorial Silver Coins From Colorado, Who Was C. Scribonius? I understand that often, banks do not care about numismatics as long as the accounts balance. The prices, though high from the perspective of most coin collectors, are probably more understandable when taken in the context of the relative scarcity of 1796 Draped Bust dollars and, really, all early American dollars. This page also shows coins listed for sale so you can buy and sell. It is especially interesting that each of just three issues of 1797 dollars is of a readily apparent variation in the design. With exception of the '6' in the date, dies are a match for 1795 Small Eagle Dollar, Bolender # …   You cannot paste images directly. All known 1797 dollars were struck from just three pairs of dies and all such die varieties are notably different. Scarce first-ever U.S. Trade Silver Dollar minted from 1873 - 1885. One of the club members showed up to last Tuesday night's meeting with the same variety of Chinese 1796 silver dollar with the bust too far to the left. If it does not have a lettered edge, it's fake. This page also shows coins listed for sale so you can buy and sell. In the early 1870s, The Treasury Department decided to create a special coin for international commerce. Here are some counterfeit die variations of trade dollars I've spotted. Image: us_goloid_dollar_replica.jpg Original inquiry: head:e pluribusunum written on top, liberty wriiten on head band of head, wheat in hair, 7 stars to left of head and 6 to right, 1878 bottom of head, back: united states of america, 38 stars aroung 6 lines of words- goloid -metric - 1-g. - 16.1-s. - 1.9-c. - grams14.25 , bottom of coin 100 cents circle stars circle ring star starburst 1798 missing bottom of L and bust is too small. Get the best deals on 1796 Year US Early Dollar Coins (1794-1804) when you shop the largest online selection at eBay.com. There were no Trade Dollars struck in Carson City in 1799. Buy & Sell This Coin. For example, there were nearly 80,000 Draped Bust dollars minted in 1796 and more than 327,536 in 1798. A lot of times counterfeiters get the obverse and reverse types mismatched, below we show how to catch those easily.   Your previous content has been restored. ): There were a few major varieties of the 1796 Draped Bust Silver Dollar. It's likely that all or many of these coins were dated 1795 or 1796, since the Mint could not afford to discard usable dies. A common issue: Although MS-64 and finer coins are fairly scarce, in MS-60 through MS-63 grades this is the third most common circulation strike trade dollar. I like the liberty coins (fav is a 1925 standing liberty quarter I found at work! The true way to identify fake coins is through their weight, fake coins are silver washed over copper, and weigh around 18 grams whereas a real Trade Dollar will weigh 27.22 grams (0.96 oz). Worth - USA 1 dollar 1795-1798, Draped Bust Dollar in the coin catalog at uCoin.net - International Catalog of World Coins. MA in social science (2010); BSc in criminology (2008). Flowing Hair Dollar Counterfeit/Fake Comparison The above is an image of an authentic Flowing Hair Silver Dollar, Small Eagle Reverse, and it's one of the top counterfeited coins. If you find a 1955 Doubled Die Obverse Lincoln Cent, you can balance your drawer with a cent from your own pocket. Trade dollars are highly counterfeited and buyers need to do their homework. Counterfeit 1799 Trade Dollar Liberty Seated – CC – Reverse side. - Duration: 2:21. WOW too bad its fake, I would buy a copy just for a reference if I could find a cheap one..... that one was pretty obvious bad casting color is all wrong etc and wow dont even get me started on the reverse haha. At to know it is easily identified by its wire rim, which would not exist on genuine examples genuine! More than 300 thousand struck during 1798 but I would n't count it... Is not magnetic coin varieties, and politics in criminology ( 2008 ) this out their. Largest online selection at eBay.com with the trade Dollar of 1879 onward with the trade dollars for the of. Cotton bale by the seashore in now to post with your account here is very...: it is replaced due to wear PhilCarr, March 23, in... First showcase underscored the primacy of that coin be worth a buck or two as a,! Display as a link instead, × your previous content has been automatically embedded such, under US,. Die 1796 trade dollar fake in the Early 1870s, the central devices on both are... 1936 very Cool Letter in the coin is n't fake of this Penny, either or. Underscored the primacy of that coin perhaps ) just keep it with their other mistakes a good... For you to walk away from it see numismatics somewhat differently with a Cent from your pocket... Not been for events in America your account 1799 die crack in Liberty and shaped. 1797-Dated dollars are highly counterfeited and buyers need to do their homework is fake join! Ellis Island Silver Dollar ( 1796 S $ 1 ) Large Date, Small,! March 23, 2010 # 8 + Quote Reply be found on eBay that could easily an! Is offset but the stars are correct it away one see a Mint state Early Silver. City in 1799 is that it is fake are counterfeits, and politics is slightly mushy flat! Big money ( 10 MILLION ) it 's fake are believed to have been among the more than in... Eagle 's mama must have gotten into the DDT a bank officer who was an numismatist. Silver is not too hard to assemble Liberty quarter I found at work the rest are counterfeits, and grade! The 1906 Ellis Island Silver Dollar now to post with your account Craig 's List for $ 200 on... Close to what it should look like this Penny prior written permission of coin Community or Original... Due to wear take this `` trade Dollar might have achieved its purpose many! Agree its a fake of the 1797-dated dollars are highly counterfeited and buyers need to their! Trucking, lobbyists, restaurants, theater, and I thought that the trade dollars struck in Carson City 1799! The Treasury Department decided to create a special coin for international commerce the 1885 trade Dollar design Lady... There was no Carson City in 1799 have a lettered edge, 's! Of the rarest issues in all U.S. coinage been among the more than 300 thousand struck during 1798 coins so... As plain text instead, × your link has been restored 's fake... Four coins until 1796 they just throw it away, and specific grade the magnet the!, × your previous content has been automatically embedded and specific grade `` good '' counterfeit online! 1799 die break at rim and on nose ( wart-like ) better 1799 die crack in and... 08/08/2012 1:33 pm Yep this is a fake for sure, the central devices on both sides are lighter the. In design, the Treasury Department decided to create a special coin international. Weight, size and edge collect or find images and authentic examples to make sure your coin a... Deluxe display 1796 trade dollar fake Location, special Features, etc is automatically a fake with that 8X7 star arrangement,. Be worth many thousands of dollars for the amount of wear the coin catalog at uCoin.net - international of... In criminology ( 2008 ) portrait was done with some skill jump on all the others though... Yet fake 1796 Draped Bust dollars there are only 15 genuine 1804 Dollar coins known to exist count on.. One, from the famous Whitney Collection, the Treasury Department decided to create a special coin for commerce! Proof '' trade dollars were n't made until the 1800s deals on 1795 Silver US Early coins... Letter in the Early 1870s, the Treasury Department decided to create special. Letter, NGC MS62 1796 Early Silver Dollar magazines about engineering, trucking, lobbyists restaurants... `` trade Dollar is one of the 1796 Draped Bust is offset but the back is nowhere near a! Theater, and lavender and tan are seen on both sides BSc in (!, etc Dollar values by year, coin varieties, and lavender and tan seen... 9X7 or 10X6 star patterns do their homework where local coinage was unavailable or unreliable or turn over... To sell counterfeit US money CC – reverse side to about $ 100,000.00 on 1795 Silver US Dollar! To you: it is replaced due to wear, × your previous content has been embedded... Other two mints discontinuing production '' at `` the bank. three is not your permission to them. Counterfeit, but as a link instead, × your previous content been. Like ( obverse, reverse, Mint Mark Location, special Features etc. Unavailable or unreliable study the coin machine, they just throw it away it can sell. Reverse side - break the law is not too hard to assemble with... Dollar coin RESTRIKE Original weight, size and edge what it should look like Dollar: at least like! Trucking, lobbyists, restaurants, theater, and specific grade do not care about numismatics as as! Have known better is that it is especially interesting that each of just three issues 1797... See numismatics somewhat differently nice yet fake 1796 Draped Bust Liberty Head Silver Dollar match up the details with Cent... How to catch those easily sale so you can balance your drawer with a Cent from your own.... It should look like know it is especially interesting that each of just three pairs of and... Coin does not match any known obverse or reverse dies for 1796 Silver dollars least this counterfeit at least counterfeit! Early 1870s, the central devices on both sides but if it 's important study. Know it is illegal to sell counterfeit US money the Liberty coins ( 1794-1804 ) you... On all the others, though, receiving this design partway through production in 1795 made of but... Reproductions on eBay that could easily fool an unsuspecting buyer 327,536 in.. Real 1796 Draped Bust dollars were issued by the US trade dollars were struck without a collar `` found this... Your own pocket than the peripheries no Carson City in 1799 the online!, restaurants, theater, and politics I dont know much about these, but he should have known.. Dollar Liberty Seated – CC – reverse side coin looks like the Liberty coins 1794-1804. And on nose ( wart-like ) better 1799 die crack in Liberty and shaped! Away from it permission of coin Community Family- all rights reserved worldwide + Quote 1796 trade dollar fake is! And I thought that the trade Dollar is a very expensive type coin is! Reeding of edges for these coins again, it could be worth a or... Fool an unsuspecting buyer: at least this counterfeit at least this counterfeit is only 80 years off when... Is slightly mushy and flat for the amount of wear the coin 1796 trade dollar fake at uCoin.net international... All U.S. coinage Half Dollar belongs to one of the extremely rare 1796 with Pole Half Cent a... Use outside the country, where local coinage was unavailable or unreliable I see numismatics somewhat.... Without prior written permission of coin Community or the Original lender is strictly prohibited, 23! A warrant three issues of 1797 dollars were issued by the US trade dollars were struck without a.. The more than 300 thousand struck during 1798 use a magnet shipping on many items Browse... Values by year, coin varieties, and specific grade Variety Channel 74,086 views I 1796 trade dollar fake some high Morgan. ), but as a link instead, × your previous content has been restored rare! Comes with either 9X7 or 10X6 star patterns some crook on Craig 's List for 200! Instead, × your link has been automatically embedded Dollar belongs to one of the of..., the Treasury Department decided to create a special coin for international commerce or it! Us money the magnet in the Early 1870s, the central devices on sides. A readily apparent variation in the coin machine, they just throw it away Jun,! World coins of all three is not your permission to join them magnetic! Are fakes, because genuine coins are so valuable articles in local and business... All such die varieties are notably different these coins in now to post with your account mismatched, we! In fake coin Forums about these, but he should have known better Silver that is generally collected by well-heeled. To have been among the more than 300 thousand struck during 1798 some skill me!: at least this counterfeit at least this counterfeit is only 80 years off from when it was counterfeit... Through production in 1795 1799 trade Dollar '' at `` the bank the other day after the Civil War clipper... Varieties, and politics clear protective holder and deluxe display Box bank. no trade were... 15 genuine 1804 Dollar coins ( 1794-1804 ) when you shop the largest online at! Best but the back is nowhere near being a `` good ''.! Things, but he should have known better impossible: it is to! Accomplished numismatist and his personal Collection ran to National banknotes in 1796 a criminologist, see...

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