1802/1 Bust dollar obverse depicting the heraldic eagle reverse design. Many fake Trade Dollars for example are struck from silver and are the correct weight and take a trained eye to determine authenticity. The proofs are sold for reasonable prices up to $3000 at coin auctions. The “Small Eagle” is a young eagle and is indicative of a nation that was recently born and was developing rapidly. It is also possible that a fissure came about that coincidentally appears as a somewhat vertical thin shape after the word “AMERICA.” Either way, this is not a letter and not an indication of a design change. The sound of silver has a distinct high pitched ring that tends to linger; whereas, coins composed of other metals, such as a combination of copper and nickel have more of a thud-like sound that doesn’t resonate. In contrast, the 1800 “Dotted Date” should not sell for a premium. The so called "AMERICAI" 1800 dollar is a little more interesting than the “Dotted Date,” but minor as well from a logical perspective. C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. The 1798 ‘Pointed 9’, the 1799/8, the 1799 7x6 and the 1802 are the least rare in mint state grades, and tend to be selections for type sets. Produced and sold for collectors, there are a variety of silver dollars available with proof and uncirculated finishes. These silver dollar coins … Weight: 26.96 grams. He can reached via email at Insightful10@gmail.com. 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. With regards to the 1804 silver dollar… They are notably different artistic representations of an eagle, with different philosophical implications. Filter (2) 1800 Silver Early Dollars. US trade dollars … Know the weights and appearance. It is neat that dies can be identified decades or centuries after they were destroyed or discarded. An indentation in a die will lead to a raised metal shape on each struck coin because metal of the planchet is pushed inside indentations and recessed design elements in the die while each coin is being struck. Some 1876 Trade Dollar … Enter your e-mail and subscribe to our newsletter. 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. There is a worm shaped indentation in the die that has been called an “I,” though it does not resemble any letter. These are also know as "heraldic eagle reverse" dollars and represent the most affordable segment within the series. The production of the Draped Bust silver … Authentic Morgan silver dollars may also weigh less than the standard specs if they have been in circulation and have some wear. Vital rare coin & paper money industry updates, SERIES ANALYSIS: Draped Bust Dollars, Business Strikes (Part 3). Authentic Morgan silver dollars … As for the varieties of 1802/1 dollars relating to the spacing of numerals, these refer to minor differences in the punching of the die and logically should be of particular interest only to collectors who are seeking representatives of all die combinations. Three of the eight varieties of 1798 Heraldic Eagle dollars listed in the Whitman Red Book relate to whether the shield on the reverse has four or five vertical lines. However, to untrained eyes, most people don’t realize the difference between authentic and counterfeit silver dollars… The layout of stars affects the whole appearance of the obverse. Most of the varieties listed for large cents of the same era are immediately apparent and several seem like their own subtypes. 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. Very Fine grade representatives of most all ‘dates’ could be purchased for less than $2,600 each, considerably less in some cases. 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. These freshly minted fake Morgan silver dollars are high-quality counterfeits. I am not questioning the importance of identifying dies. Indeed, there are unique varieties. It is easy to build a set ‘by date’ including major varieties that are logically classified as distinct dates. https://www.greysheet.com/content/img/05282020/cdn-logo-tag-2020.png. So far this year, Heritage has publicly sold around seventy 1799 7x6 dollars and just three 1799 8x5 dollars. This design element is related to the Great Seal of the United States. How about this one? Part 3 of Greg Reynolds series analysis on the draped bust silver dollars that were issued from 1798-1803. 1800 Silver Early Dollars; Skip to page navigation. The diameter and thickness of an uncirculated silver dollar should be 38.1 mm and 2.4mm, respectively. 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. Your identity will be restricted to first name/last initial, or a user ID you create. Authentic 1804 Draped Bust Dollar – Obverse Side. The weight of an uncirculated Morgan silver dollar is 26.73 grams. Evidently, there was much corrosion in the die in this area and/or the die chipped or peeled because the die was poorly made. The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. Of course, this counterfeiting ring will process them so that each one appears to have a … The weight of an uncirculated Morgan silver dollar is 26.73 grams. Two bust dollars struck from the same pair of dies that were each graded MS64 by the same service may have much different market values. $100,000 everything is fake. For 1799, six are listed and five for 1800. 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. Ever since the 1850s, dealers with varieties in inventory have had a motive to persuade editors, cataloguers and publishers to represent barely noticeable varieties as ‘major varieties’ that are needed for a typical set of a given design type. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. 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. Continuing on with magnets, another test you can to spot counterfeit silver is … This page … The 1799 7x6 (seven at the left, six at the right) obverse stars and 1799 8x5 obverse stars are apparently and meaningfully distinct in a way that is hard to explain. Keep up with information updates and partner information. At the end of March, at a Spring ANA Convention, Kagin’s auctioned a PCGS graded VF35 1802 for $3,000. The most commonly counterfeited coins are those issued by the San Francisco and Carson City mints. Magnetic Slide Test. 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 silver dollar from 1794 and 1807. This variety brings a small premium on average. 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. Most replica coins weigh substantially less. Greg Reynolds is a professional numismatic researcher and writer. Silver prices being low, prompted me to invest more heavily into buying silver. Moreover, it appears strange. Photo courtesy of Jinghua Shei. 1800 Fake USA Silver Dollar - Reverse. The 1800 “Dotted Date” does not feature a decimal point or a period. Most replica coins weigh substantially less. Both tradition and logic dictate that these are two different dates of the same year. At the ANA Convention in August, Stack’s-Bowers auctioned a PCGS graded G6 coin of the “AMERICAI” variety for just $900. Listings of minute varieties discourage people from collecting particular series. Arkansas Treasury Warrant $1 Apr 28, 1862 # 128346. There are twenty-five supposedly major varieties listed in the 2019 Red Book for Draped Bust, Heraldic Eagle dollars in business strike format. Auction results suggest that many bidders agree that this variety is not worth a substantial premium over 1800 dollars in general. Here below are the images from an authentic and a counterfeit draped bust silver dollar coin, both showing the year 1804. On this variety, there is one in particular below the zero. Even with five-times magnification, it is very difficult to see these lines, which are not well detailed anyway. These helpful hints will help you to quickly identify if you’re in possession of one of these coins, so that you will receive protection under the buyer protection afforded under most online auction sites. It might be true that a U.S. Mint worker accidentally hit the die with a punch or some kind of tool. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. If your coin looks like our picture, Esmie, it is a counterfeit of a US trade dollar. It is not unusual for a collector to take years to finish a set. Please contact us to arrange a time
The “Small Eagle” and Heraldic Eagle reverses are indicative of two design types of Draped Bust silver dollars. 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. A PCGS graded VF25 coin brought $2,160 in the FUN auction in January. This page addresses counterfeit dollars … The 1800 "Dotted Date" Draped Bust Silver Dollar features a die defect around the date - particularly around and within the first "0". 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. Both tradition and logic dictate that these are also Know as `` heraldic eagle reverse '' dollars represent. And/Or the die was poorly made logically classified as distinct dates Business Strikes ( Part 3 ) most segment... 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