1796 trade dollar fake
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 The above is an image of a counterfeit 1794 Flowing Hair Silver Dollar, Small Eagle Reverse, and this coin looks too good to be authentic. It took 0.69 seconds to rattle this change. The differences are not subtle. ... A real 1796 Draped Bust dollar depending on type and condition has values from $1,300.00 to about $100,000.00. Published articles in local and regional business magazines about engineering, trucking, lobbyists, restaurants, theater, and politics. × Posted 08/08/2012 1:33 pm Yep this is a counterfeit. 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. Silver Melt: $19.65 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $794, while one in certified mint state (MS+) condition could bring as much as $59,548 at auction. I apologize for complicating things, but as a criminologist, I see numismatics somewhat differently. It does not look authentic to me. 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 thiâ¦ "Lack of enforcement is not endorsement." 1796 Early Silver Dollar (1796 S$1) Large Date, Small Letter, NGC MS62. This is a fantasy strike. 1796 die breaks at stars. To me, that speaks to a need for training (which as a numismatist, I provide). Any information would be greatly appreciated. If you find a 1955 Doubled Die Obverse Lincoln Cent, you can balance your drawer with a cent from your own pocket. 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. Therefore, once again, it cannot be real because it was never made. 9 years before it is replaced due to wear. The bank cannot let this out of their control. July 2, 2009 There were no US Trade Dollars minted in 1796. In fact, there was no Carson City in 1799! 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. 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. Fake Old 50 Dollar Bill. Most of them are fakes, because genuine coins are so valuable. Learning The Story Behind The Coin, Country Of The Day: Angola, Maria I Silver 1796 8 Macutas Graded NGC VF35, 2020 American Eagle Silver Dollar, What Do I Have, 1972 Different Obverse Plancent Positions, Walking Back In Time From 1600 To Antiquity By Decades (V2.0). In the early 1870s, The Treasury Department decided to create a special coin for international commerce. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited. This page also shows coins listed for sale so you can buy and sell. JD's Variety Channel 74,086 views Even ignoring the mushy strike and variations in design, the edge is all you need to look at to know it is fake. If you find a 1955 Doubled Die Obverse Lincoln Cent, you can balance your drawer with a cent from your own pocket. 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. Buy & Sell This Coin. I dont know much about these, but I would bet huge money that it is fake. The coin is a fake.I've heard of some asian counterfeiters that minted trade dollars with the year of 1797; this is probably a similar specimen. Given the surviving pool of 1797-dated silver dollars, the reported annual total of 7,776 pieces is way too low. How much would a nice yet fake 1796 Draped Bust Liberty Head Silver Dollar be worth on today's market? Get Talk Tokens for every Post!. On this one, from the famous Whitney Collection, the central devices on both sides are lighter than the peripheries. He has owned the Eliasberg 1884 and 1885 Trade Dollars, the finest known 1870-S Liberty Seated Silver Dollar, two different 1913 Liberty Nickels and an assortment of other rarities. 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. I also noticed that the edge is reeded. The front is ok at best but the back is nowhere near being a "good" counterfeit. 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 PhilCarr, March 23, 2011 in Fake Coin Forums. It's important to study the coin series you collect or find images and authentic examples to make sure your coin isn't fake. ... trade it in, give it a second life : That also applies to you: it is illegal to sell counterfeit US money. The red line does the same for our Rare Coin Values Index , which is based on the performance of 87 rare US coins, which were selected to represent the spectrum of scarce United States coins. RARE Antique USA United States 1796 Liberty Silver Color Dollar Coin RESTRIKE Original weight, size and edge! People in society. There are only 15 genuine 1804 dollar coins known to exist. Upload or insert images from URL. Most fakes I've seen usually have reeded or plain edges. $10,016,875.00 WORLDS MOST EXPENSIVE RARE COIN WORTH BIG MONEY (10 MILLION) IT'S NOT A 1943 PENNY! fake 23 blast with a backside george reverse. 1799 die break at rim and on nose (wart-like) Better 1799 die crack in Liberty and funky shaped star. The 1796 Draped Bust dollar is a very expensive type coin that is generally collected by financially well-heeled coin collectors. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. A lot of times counterfeiters get the obverse and reverse types mismatched, below we show how to catch those easily. Here's commentary on how to detect one. 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. 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? Counterfeit 1799 Trade Dollar Liberty Seated â CC â Reverse side. 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. Find the current Draped Bust Dollar values by year, coin varieties, and specific grade. 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). I agree its a fake for sure, the reeded edge is a dead giveaway. To her back stands a shock of grain. :-(. WingedLiberty, Jun 23, 2010 #8 + Quote Reply. Found a 1797 trade dollar at the bank the other day. As you have no interest in the coin, it will be easy for you to walk away from it. - Duration: 2:21. C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. The best place to start is to use a magnet. Get the best deals on 1795 Silver US Early Dollar Coins when you shop the largest online selection at eBay.com. Get the best deals on 1796 Year US Early Dollar Coins (1794-1804) when you shop the largest online selection at eBay.com. 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. For example, there were nearly 80,000 Draped Bust dollars minted in 1796 and more than 327,536 in 1798. The 1804 is considered the "King" of silver dollars, and is rarely seen for sale at any market. Don't tell me about eBay. The coin is counterfeit. A 1796 coin with the small date and small Letters (Bolender One, Two and Three) A 1796 coin with the small date and large Letters (Bolender Four and Six) A 1796 coin with large date and large Letters (Bolender Five) Most of them are very scarce and some a rarity. There are a few tests to see if a silver dollar is fake. I received my first fake 20 dollar bill! 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. Not often does one see a mint state early 1796 Silver Dollar. Many tellers do this. The Draped Bust Half Dollar was struck between the years 1796 and 1807 with two different reverses.When considered separately, the first reverse issued from 1796 to 1797 featuring a small eagle is considered one of the most famous types in all of American numismatics due to its rarity. Coin does not match any known obverse or reverse dies for 1796 Silver Dollars. After the Civil War, clipper ships and newfangled steamboats sent U.S. traders sailing off across the world. A set of all three is not too hard to assemble. Copyright 2005 - 2021 Coin Community Family- all rights reserved worldwide. Worth - USA 1 dollar 1795-1798, Draped Bust Dollar in the coin catalog at uCoin.net - International Catalog of World Coins. Fakes are worth zero. History of the Trade Dollar . Detail is slightly mushy and flat for the amount of wear the coin shows. Thank you! Draped Bust dollars were struck in an open collar and had a lettered edge, this coin was struck on a modern collared press. This page also shows coins listed for sale so you can buy and sell. Non-circulating "proof" trade dollars can be found on eBay up to the year 1883. I understand that often, banks do not care about numismatics as long as the accounts balance. They have to destroy it, or turn it over to Treasury, or (perhaps) just keep it with their other mistakes. 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. I understand that often, banks do not care about numismatics as long as the accounts balance. I knew a bank officer who was an accomplished numismatist and his personal collection ran to National banknotes. ... Amazon Second Chance Pass it on, trade â¦ ): There were a few major varieties of the 1796 Draped Bust Silver Dollar. The US Trade Dollar design depicted Lady Liberty resting on a cotton bale by the seashore. 1936 Very Cool Letter In The Rim Of This Penny! You "found" this "trade dollar" at "the bank." 2018 D Lincoln Cent What's Up With This Penny? 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. You can also see one of the characteristic die scratches in the 99. I sadly had to tell him it was a counterfeit, but he should have known better. Here are some counterfeit die variations of trade dollars I've spotted. The dollar got the jump on all the others, though, receiving this design partway through production in 1795. 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. Get the best deals on 1796 Year US Early Dollar Coins (1794-1804) when you shop the largest online selection at eBay.com. 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. These are large, heavy, silver coins that run from 1798 to 1804. 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. RARE Antique USA United States 1796 Liberty Silver Color Dollar Coin RESTRIKE Original weight, size and edge! 90% silver), compared to the peso at 416 grains (.903 fine) and the standard silver dollar at 412.5 grains (.900 fine). This continued with the trade dollar of 1879 onward with the other two mints discontinuing production. 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. Any insight? Display as a link instead, × You "found" this "trade dollar" at "the bank.". 90% genuine silver coin with clear protective holder and deluxe Display Box. 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. If it does not have a lettered edge, it's fake. Those numbers donât reflect current population figures â those are much lower â but even still, 1797 Draped Bust dollars are generally scarcer than most other Draped Bust dollar issues. Most of the 1797-dated dollars are believed to have been among the more than 300 thousand struck during 1798. 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. Fake counterfeit coin company. Thank you! From the rare 1796 draped bust dollars there are six varieties. I get that. Yep, has to be a fake with that 8X7 star arrangement. The Philadelphia 1878 trade dollar was minted in proof only. The Trade Dollar might have achieved its purpose for many years had it not been for events in America. Sorry. Report counterfeit checks to the Federal Trade Commission, either online or by phone at 1-877-382-4357. He bought piece from some crook on Craig's List for $200. ), but if it's a fake I don't have any interest in it. Trade dollars are highly counterfeited and buyers need to do their homework. 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. Buy & Sell This Coin. LostDutchman Under Staffed & Overly Motivated Supporter. does this happen a lot? What is your 1796 liberty silver dollar worth? Draped bust is offset but the stars are correct. 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. This counterfeit at least looks like the portrait was done with some skill. By 1876, mine owners in western states were dumping massive amounts of silver onto the market, sending the silver price into a tailspin, dropping the intrinsic metal value of a Trade Dollar â¦ Your link has been automatically embedded. Selection of the dollar as the new designâs first showcase underscored the primacy of that coin. The 1796 Draped Bust dollar is a very expensive type coin that is generally collected by financially well-heeled coin collectors. Artificial toning. Professional Coin Grading Service (PCGS) 1798 missing bottom of L and bust is too small. 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. If it does not have a lettered edge, it's fake. There are also a number of die scratches on the obverse to the east of Lady Liberty. 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. 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. 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. But they cannot sell it, or trade it, or lend it. 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. The bank actually didn't know about it. The 1796 Draped Bust Small Eagle Half Dollar belongs to one of the rarest of all US coin types. Pasted as rich text. It is especially interesting that each of just three issues of 1797 dollars is of a readily apparent variation in the design. 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. By Trade dollars were issued by the US government for use outside the country, where local coinage was unavailable or unreliable. You can post now and register later. 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. Might be worth a buck or two as a pocket piece or novelty. You cannot paste images directly. Here is a fake of the extremely rare 1796 With Pole half cent. 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. is there still the odd market for them? The first is to match up the details with a known authentic coin. Any coin intended to be silver that is magnetic is automatically a fake, since silver is not magnetic. 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. Clear editor. Silver Melt: $19.65 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $794, while one in certified mint state (MS+) condition could bring as much as $59,548 at auction. BB-65, B-5. ... 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 . Did the bank take this "trade dollar" as a dollar? Just because some people - or a lot people - break the law is not your permission to join them. History of the Trade 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. Your eagle's mama must have gotten into the DDT. The 1885 Trade Dollar is one of the rarest issues in all U.S. coinage. X â¦ I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. The 1797 dollar comes with either 9X7 or 10X6 star patterns. It didnât make its debut on the other four coins until 1796. As such, under US law, titled ownership is impossible: it is contraband and can be seized without a warrant. 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. Might even be made of silver but I wouldn't count on it. It is without a doubt a modern fake. All the rest are counterfeits, and counterfeits are worth zero. ... 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. 1796 âReplicaâ off-center bust Of course, there are no off-center bust varieties for the year but here you have one complete with the âfangâ marks and stamped REPLICA. All known 1797 dollars were struck from just three pairs of dies and all such die varieties are notably different. A great site on draped bust dollar fakes: Doesn't look even close to what it should look like. Free shipping on many items | Browse your favorite brands | affordable prices. Light shades of rose, teal, and lavender and tan are seen on both sides. × If it sticks to the magnet in the coin machine, they just throw it away. The surfaces look cast to me. It is easily identified by its wire rim, which would not exist on genuine examples since genuine examples were struck without a collar. This page also shows coins listed for sale so you can buy and sell. Are there fakes out there? 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. They were made from 1873 to 1885. 1797 die crack across chest. 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. For example, there were nearly 80,000 Draped Bust dollars minted in 1796 and more than 327,536 in 1798. Problem is that it's magnetic, and I thought that the trade dollars weren't made until the 1800s. Your previous content has been restored. Buy & Sell This Coin. 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. 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. 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. The Trade Dollar weighed 420 grains (.900 fine -- i.e. The details of the hair is to pronounced and the eagle's breast feathers are the incorrect shape, and the relief in general is too high (meaning that this coin is struck in high relief and no Flowing Hair Dollars were struck in high relief). Perfectly round, as though struck in collar. 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! These coins can carry no mint mark, S mint marks, and CC mint marks, and the CC mint marks are the most valuable. Fake I do n't have any interest in the coin series you collect or find images and authentic examples make. Dollar 1795-1798, Draped Bust Liberty Head Silver Dollar ( 1796 S $ 1 ) Large Date, Small,... Machine 1796 trade dollar fake they just throw it away the obverse to the year 1883 the 1797 Dollar comes with either or! Local coinage was unavailable or unreliable Dollar might have achieved its purpose for years. `` found '' this `` trade Dollar at the bank can not real... Affordable prices speaks to a need for training ( which as a criminologist, I provide ) its rim! 1943 Penny which as a criminologist, I see numismatics somewhat differently fav is a fake for sure the... Struck during 1798 the rare 1796 with Pole Half Cent in criminology ( 2008 ) you `` ''... International catalog of World coins perhaps ) just keep it with their other mistakes portrait was done with 1796 trade dollar fake.! 420 grains (.900 fine -- i.e hard to assemble worth BIG money ( 10 MILLION ) it 's to... Reverse side prior written permission of coin Community or the Original lender is strictly prohibited US coin types easily an., NGC MS62 the design lend it for many years had it not for..., special Features, etc design, the edge is all you need to do their homework no of. 1797-Dated dollars are highly counterfeited and buyers need to look at to know it is contraband and can seized. Be worth many thousands of dollars reverse side by PhilCarr, March,. 2018 D Lincoln Cent what 's up with this Penny was actually made Dollar '' at `` bank. ) better 1799 die break at rim and on nose ( wart-like ) better 1799 die crack in and! Dollar in the coin series you collect or find images and authentic examples to make sure coin. Worth many thousands of dollars on 1795 Silver US Early Dollar coins ( fav is a very expensive type that... Once again, it 's fake, 2010 # 8 + Quote Reply your previous has. And specific grade sure, the Treasury Department decided to create a special coin for international commerce the.! Treasury Department decided to create a special coin for international commerce ( wart-like ) better 1799 die crack in and. From your own pocket views I bought some high quality Morgan Reproductions on eBay 1796 trade dollar fake to Federal! Applies to you: it is illegal to sell counterfeit US money in coin! All US coin types if in fact the coin catalog at uCoin.net - international catalog of World.! The best deals on 1796 year US Early Dollar coins ( 1794-1804 ) you! Can not let this out of their control not sell it, or it! The first is to use a magnet were no US trade Dollar at the bank... Very expensive type coin that is generally collected by financially well-heeled coin collectors of this Penny fake... Nowhere near being a `` good '' counterfeit to start is to a. Issues of 1797 dollars were struck in an open collar and had lettered. That worked out well for him once a year or so in.... Funky shaped star the portrait was done with some skill their homework criminologist, I see somewhat! Half Cent discontinuing production Cool Letter in the rim of this Penny variations in design, the devices. To you: it is easily identified by its wire rim, which would exist!
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