The 1800 “Dotted Date” does not feature a decimal point or a period. Possibly better described as a fantasy piece, but I believe this and other similar creations are often sold on eBay and other sites, by small amateur … The 1800 "Dotted Date" Draped Bust Silver Dollar features a die defect around the date - particularly around and within the first "0". These are large, heavy, silver coins that run from 1798 to 1804. This variety brings a small premium on average. The five mints that produced Morgan silver dollars from 1878 – 1921 are the Denver (D) mint, the San Francisco (S) mint, the New Orleans (O) mint, the Carson City (CC) mint and the Philadelphia mint. On March 1, Stack’s-Bowers auctioned a PCGS graded VF-30 1800 "AMERICAI" for $2,160, The day before, this same firm resold the Pittman-Pogue “AMERICAI,” which is PCGS graded MS63, for $60,000, not a vast sum for a relatively high grade Draped Bust silver dollar. Moreover, it appears strange. To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. Additional subdivisions of 1798 Heraldic Eagle dollars concern the precise number of arrows on the reverse, some of which are typically blurry, or extra reverse stars that are difficult to discover even with the use of imagination. Discussion in 'Coin Chat' started by Mountain Man, Apr 24, 2020. The “Small Eagle” is a young eagle and is indicative of a nation that was recently born and was developing rapidly. Precious metals, such as gold, silver, platinum and palladium aren’t magnetic, so if your coin is attracted to a strong magnet, such as an earth magnet, then you can be sure that it’s fake. They are notably different artistic representations of an eagle, with different philosophical implications. Information relating to dies is important for authentication, pedigrees, and historical analysis, in addition to being important to those who collect most or all die varieties of a particular series or type of coins. On January 6, 2019, the firm of David Lawrence sold a PCGS graded F15 1802 for $1,700. So far in 2019, Stack’s-Bowers has publicly sold nine 1798 ‘Pointed 9’ dollars and zero 1798 ‘Knob 9’ dollars, according to this firm’s online archive. Keep up with information updates and partner information. Continuing on with magnets, another test you can to spot counterfeit silver is … Authentic Morgan silver dollars may also weigh less than the standard specs if they have been in circulation and have some wear. Precious Coins as Charitable Donations: A Holiday Tradition? Indeed, there is just a small. California Wells Fargo … On many varieties of 1800 silver dollars, there are various raised blobs about the first zero. Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar coin is a fake. On March 1, 2019, Stack’s-Bowers auctioned an NGC graded VF20 1802/1 for $1,680. Additionally, the sound of silver differs from coins composed of other metals. 1795 Draped Bust Dollar, real or fake. Another factor to consider is that the metal content of most fake Morgan silver dollars differs from the 90/10 silver/copper composition of authentic Morgan silver dollars. A solid case could be made that the ‘Knob 9’ coins are and should be worth more than the 1798 ‘Pointed 9.’. These silver dollar coins … At the ANA Convention in August, Stack’s-Bowers auctioned a PCGS graded G6 coin of the “AMERICAI” variety for just $900. 1800 P Draped Bust Dollar 10 Arrows: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. These freshly minted fake Morgan silver dollars are high-quality counterfeits. Retail prices for AU grade coins may range from $5,500 to $23,500, depending upon the scarcity of the date and the quality of the respective individual coin. In summary, the best way to avoid mistakenly purchasing a counterfeit Morgan silver dollar is to do your due diligence to identify a highly knowledgeable and reputable coin dealer. This page … Photo courtesy of Jinghua Shei. It is probably true that AU55 grade representatives of nine of the eleven dates could practically be acquired for prices in the $9,000 to $12,000 range. Most of the “Red Book” varieties of Draped Bust, Heraldic Eagle dollars, however, concern slight anomalies in the placement of letters or numerals, microscopic design elements, or very small irregular shapes from imperfections in dies. I prefer the coins because they can hold collectors value also. Side Refine Panel. A caliper is the ideal tool to use to measure the height and the width of the Morgan silver dollar. There is a worm shaped indentation in the die that has been called an “I,” though it does not resemble any letter. This analysis is aimed at typical collectors of and potential collectors of Draped Bust dollars. It would make sense to reform and pare down the listings for Heraldic Eagle dollars in most standard price guides. Dollars; Early Dollars (1794-1804) Gobrecht Dollars (1836-1839) Seated Liberty (1840-73) Trade Dollars … The Lady Liberty silver dollar from 1794 and 1807. Most of them are fakes, because genuine coins are so valuable. Authentic Morgan silver dollars … FIVE WAYS TO SPOT A FAKE COIN. Very Fine grade representatives of most all ‘dates’ could be purchased for less than $2,600 each, considerably less in some cases. Most replica coins weigh substantially less. Please contact us to arrange a time Evidently, there was much corrosion in the die in this area and/or the die chipped or peeled because the die was poorly made. Here below are the images from an authentic and a counterfeit draped bust silver dollar coin, both showing the year 1804. 1800 Fake USA Silver Dollar - Reverse. The proofs are sold for reasonable prices up to $3000 at coin auctions. This analysis is about business strikes, coins produced in a routine or ordinary manner, and the requirements for a set of Heraldic Eagle dollars dating from 1798 to 1803. A faithful reader of our blog posts recently brought to our attention that fake Morgan silver dollars have made their way to online auction sites. The weight of an uncirculated Morgan silver dollar is 26.73 grams. It is easy to build a set ‘by date’ including major varieties that are logically classified as distinct dates. SUPPORT: https://www.patreon.com/JuniusMaltby BEWARE, fake coins are flooding the market from China. Indisputably, the 1802/1 is an obvious overdate and a date that is distinct from the regular 1802. Part 3 of Greg Reynolds series analysis on the draped bust silver dollars that were issued from 1798-1803. Enter your e-mail and subscribe to our newsletter. As bust dollars were made with relatively primitive equipment and have been subject to various degrees of proper and improper handling over a period of more than two centuries, it is important to not focus intently on certified grades and to reflect upon each coin as an individual with a multitude of interesting characteristics. A PCGS or NGC graded MS63 grade Heraldic Eagle dollar probably could be found and obtained for less than $55,000. We are members of the following associations, Helpful Hints on How to Avoid Buying Fake Morgan Silver Dollars. This design element is related to the Great Seal of the United States. In the current era, at most a dozen people seriously collect Draped Bust dollars by die variety, while perhaps one thousand people collect them by date. The “Small Eagle” and Heraldic Eagle reverses are indicative of two design types of Draped Bust silver dollars. Authentic 1804 Draped Bust Dollar – Obverse Side. Some 1876 Trade Dollar … Two 1803 dollars are thus required for a complete set ‘by date.’ In circulated grades, the ‘Large 3’ and the ‘Small 3’ are worth about the same, and are each worth significantly more than 1799, 1800, 1801, 1802/1 and 1802 dollars in grades from VG8 to MS63. The weight of an uncirculated Morgan silver dollar is 26.73 grams. Page 1 of 2 1 2 Next > Mountain Man Well-Known Member. Listings of minute varieties discourage people from collecting particular series. Register. The trade dollar from 1876 is a silver coin that is easier to collect then the rare silver dollar coins as there are still plenty of these coins for sale at various online markets. For 1798 Heraldic Eagle dollars alone, the “2019 Red Book” lists eight varieties. The most commonly counterfeited coins are those issued by the San Francisco and Carson City mints. Arkansas Treasury Warrant $1 Apr 28, 1862 # 128346. Proof or otherwise very special silver dollars that are dated from 1801 to 1804 were made decades later and will be covered in the fourth part of this series. The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. So far this year, Heritage has publicly sold around seventy 1799 7x6 dollars and just three 1799 8x5 dollars. Visit the web sites of these great CDN Sponsors. These are also know as "heraldic eagle reverse" dollars and represent the most affordable segment within the series. If collectors are encouraged to think that they must have representatives of minor and subtle variations to complete a set, many collectors will be discouraged from starting such a set. Silver $25.46 (-1.71) 01-08 4:59 PM EST PCGS3000 ® The PCGS3000 ® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. An easy way to detect if your coins is fake is to check to see if it’s magnetic. The original 5oz .999 pure silver … Coins composed of other metals, such as aluminum, don’t have a rich or enduring sound like silver. The so called "AMERICAI" 1800 dollar is a little more interesting than the “Dotted Date,” but minor as well from a logical perspective. Time doesn’t permit a detailed explanation between the two, but we’ll discuss some of the differences between these coins in a future article. Silver Melt: $19.65 Value: As a rough estimate … It might be true that a U.S. Mint worker accidentally hit the die with a punch or some kind of tool. Draped Bust obverse, Heraldic Eagle reverse silver dollars were minted from 1798 to 1804, though silver dollars struck in 1804 were likely to have been dated 1803. The diameter and thickness of an uncirculated silver dollar should be 38.1 mm and 2.4mm, respectively. She had a fake 1800 Bust Dollar, which I posted yesterday and found out it was a fake. If you have an 1804 dated, Draped Bust Silver Dollar, in your possession, and it doesn't have the word COPY stamped on it's surface than it's a counterfeit. An 1804 Draped … Alabama State of Alabama $100 Jan 1, 1864 # 834. This is another coin from the same widow who's selling her late husband's collection. C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. Composition: Silver (.8924) and Copper (.1076). Auction results suggest that many bidders agree that this variety is not worth a substantial premium over 1800 dollars in general. In contrast, the 1800 “Dotted Date” should not sell for a premium. The eagle motif on the Draped Bust dollars that were minted from 1795 to 1798 is generally called a ‘Small Eagle’ though it not really small, and references to the eagle of 1798 to 1804 as a ‘Large Eagle’ give the false impression that one eagle motif is just a larger version of the other, which is far from the truth. Type: Draped Bust Dollar Year: 1800 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 220,000 [ Silver Content: 90% Silver Weight: 0.7735 oz. Posted on December 20, 2016 Counterfeit, or “fake”, coins are pesky inevitables in the world of coin collecting but there are a number of tips suggested by … that is convenient for you. This resulted in blobs and dots all around the number - and so this coin … In regard to all grades, the scarcity of the 1798 ‘Knob 9’ is largely unrecognized. Only a very small number of people may seriously seek to build sets that are almost complete by die pairing of Draped Bust Small Eagle and Heraldic Eagle dollars. Oftentimes the fake coins aren’t detected until after the buyer protection policy rights have lapsed, which means you could potentially end up with a near worthless coin on which you spent hundreds, if not thousands of dollars. A good friend of mine was given two 1795 Draped Bust dollars … In my view, the 1799 8x5 should be worth more than it is currently worth. Many fake Trade Dollars for example are struck from silver and are the correct weight and take a trained eye to determine authenticity. Indeed, there is just a small, somewhat round, lump awkwardly below the first zero in the date. $10,000 everything is fake. Of course, this counterfeiting ring will process them so that each one appears to have a … There is no dot and there is no difference in the date; the 1800 “Dotted Date” is just a minor die variation, which has received undeserved attention. For this reason, it takes a trained eye to determine the authenticity. 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