Coinflation. This is a labor of love you might say, so it is resource intensive and slow. This price does not reference any standard 1795 $1 Draped Bust Dollar Small Eagle PCGS F12! Current silver melt value* for a 1799 Draped Bust Dollar is $19.63 and this price is based off the current silver spot price of $25.38 This value is dynamic so bookmark it and . Problem is it looks worn, like it was meant to deceive. 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. A dirty gray brown would be expected. Let us know on Facebook, Twitter, Instagram, or Pinterest. It's entirely the wrong color as a coin over 200 years old would not be silver in color. Copyright 2005 - 2023 Coin Community Family- all rights reserved worldwide. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Once the cast has been created, the wanted mixture of metals will be primed, melted and poured into the mold, where it will then sit to become properly cast. 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. With calipers, youll get a better reading, allowing you to be more certain whether or not you have a fake coin in your possession. $3,196.75. This is the reason why it is nicknamed the Silver Liberty Dollar or Flowing Hair Silver Dollar. ! Your email address will not be published. If you have any issues trying to return it then email me with the contact information of the person you purchased it from and let me give them an ear full. Typical counterfeit 1804 dollars have reeded edges . 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. DESIGNER: Robert Scot Additionally, many coins have intricate designs or textures that are associated with that particular coin and its series. Therefore, when inspecting a coin under magnification, the devices should be crisp and clear and the surfaces clean and smooth. Thanks! Very Worn 1998 50 Pence - What Caused It? Interestingly enough, the 1802 reverse shows some doubling indicative of die bounce while the 1801 shows apparent die breaks. By Jack D. Young, Early American Coppers (EAC) . There is a 99 over 98 with a 15 star reverse, a 99 over 98 13-star reverse, an irregular date 13 star reverse, a normal date, and an 8 stars on left 5 stars on right version. When using visual tests to look for counterfeit U.S. coins, it is in your best interest to have a magnifying tool on hand, whether that be a handheld magnifying glass or a jewelers loupe. And review similar items on the internet: major auction house sales archives and NGC and PCGSs variety pages are great online resources. Initially, people counterfeited coins to deceive merchants and citizens with the fake currently circulating coins. Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. Notes: 5 variations of the draped bust dollar can be found. Counterfeit, fake coinshave been in circulation throughout the Americas. If it is authentic what grade you you think its in? The digital scale is essential to weighing your coin. This is such an obvious fake, one can only assume that the seller was either a novice collector or a crook. Michael Fahey is a senior numismatist at ANACS in Denver, Colo. Depressions, shown by arrows, appear on the counterfeit 1799 8-real coin on the M of the designers initials FM, and about ET from the reverse inscription. Silver weight is measured in troy ounces. This manufacturing process is the most tedious and expensive way to create a counterfeit coin. 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. 5 Must Have Books For All Coin Collectors. It is IMPOSSIBLE that these could be genuine original coins. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. 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. ANACS has a huge file of these counterfeit markers that we use to identify counterfeit coins. And as for the counterfeiters mixing it up as I noted above, they appear to continue to alternate dies as they create the ultimate Draped Bust dollar errors! Cast Counterfeits An inexpensive way to produce counterfeit coins is to create a mold of the genuine coin and use it to cast a counterfeit coin. Manage your Portfolio from anywhere, look up coins with a scan, buy/sell/trade and more. In 1962, a man named George Walton wanted to find out what his 1913 Liberty Head nickel coin was worth. You notice the word LIBERTY is missing on the obverse? Numismatist. Click here to Learn How to use Coin Price Charts. With the large collection of coins that have been produced by human beings, there have been challenges raised for both numismatists and coin collector hobbyists. It was my understanding that the person from whom I purchased this piece paid $15 for it probably many years before I purchased it from him. Compare your results to that of the genuine coin. Manley donates rare Jefferson document to ANA Library, New Zealand issues its Charles III effigy on commemoratives, Bank of England Charles III notes now in production, Mint sells years first platinum bullion coins in March, Coin World Thought Leaders Series: Chris Arbutine of Belleair Coins. 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. 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, numismatic coins and more. $5,695.00. CoinWeek: Numismatic & Coin Collecting News, Catawiki Coin Ancient and Modern Coin Highlights are Just the Tip of the Iceburg, 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. Next, look at the coin's color to make sure it matches the metal composition of a genuine coin. 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. But I have found hardly anything writen about the lettering on the edge.The size is 29.5mm the weight is 26.5 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. To my eyes, it appears to be a poor fake, but wondering what you think about it? Once the molds are ready, the molten metal is poured into the mold. - Last updated: June, 10 2022. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Carefully under high magnification Compare your coin with the coin displayed on the website. I aprreciate your time. 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. With a mintage of only 1,758 pieces, and less than 10 percent of the mintage still in existence, the 1794 silver dollar is a highly desirable and expensive coin. A skilled counterfeiter can split the two coins in half and use the obverse of the 1926 nickel with the reverse of the 1929 nickel from San Francisco and create a 1926-S Buffalo nickel that is worth close to $10,000. These advances have made modern coins more difficult to counterfeit. METAL: 90% Silver, 10% Copper. The captions and images got a little out of sync and we missed the image of the 1799. Free shipping. metals that are repelled by large magnetic fields. Before we begin talking about some basic techniques to catching fake coins, its worthwhile to consider the three most popular methods in which counterfeit coins are produced. Below are some photos of a real 1799 graded VF Details, so you can compare. My guess is the coin was probably washed with soap and water many years ago. In Average Circulated (AC) condition it's worth around $796.00, That would look and be sooooo great!! Either way, a counterfeiter makes his money by turning less valuable material into something that appears more valuable. 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. Diameter of 40.6 mm, or 1.598 inches. These should include size, diameter, thickness, metal composition, weight, and specific gravity. There is a lot of knowledge here and you did the right thing by asking about those. This coin does not match any genuine 1802 variety and has one significant obvious feature we nicknamed the flattened 1. Also learn how to properly store your coins. This area of study tracks the historical production of coins and both their cultural significance and impact. And of course, there is a 1798 version complete with matching family marks! Sign in or register to get started. It looks like you're new here. Detailed information about the coin 1 Dollar "Draped Bust Dollar" (Heraldic eagle), United States, with pictures and collection and swap management: mintage, descriptions, metal, weight, size, value and other numismatic data . It's certainly shiny enough that it would sparkle as well as any Rapala. Coins worth more to a collectors may be a better long term investment. My dad planted a rarity or two now and then for me to "find". The United States Mint has always had high-quality standards. its spelled- UNDRRD. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. The obverse exhibits several different things going on that I find troubling. no H & 2 Rs. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Cast counterfeit coins are the most easily counterfeit detective coins of all. To date, we have images for 1796, 1797, 1798, and a mystery 1799 half-member! Upon inspection of the gold or silver coin you are about to purchase, if certain marks do not add up, ask if the seller has the paperwork to back up their claim of said coin being real. The reverses are pretty unremarkable for common marks; the red circle highlights a rim ding unique to the second example of these two. and mint state meaning it is certified MS+ by one of the top coin grading companies. As you can see from the photos, the coin you posted in not real. Unsubscribe at any time. Subscribe to our newsletter to receive exclusive discounts and industry news. Use a scale that is accurate to within 0.01 grams to measure the weight of the coin. If you place an ice cube on your new authentic silver coin and it does not immediately begin the melting process, odds are you have a fake on your hands. Opinions Invited! [1] Some coins will stick to magnets, but not silver Trade Dollars. Please Help Me Determine If This Is Valuable! It's entirely the wrong color as a coin over 200 years old would not be silver in color. There are 10 stars left, 6 stars right and 9 stars left, 7 right, $900.00 in AG up to $6,000.00 VF. Sin embargo, en todo lo dems parece genuina. This is one of the most surefire ways to test for counterfeit U.S. coins, as the U.S. Mint has specific dimensions set for their coins, including: metallic content, weight, diameter, thickness and year of minting. Silver is a conductor of heat and as such, will continue to emit enough thermal energy to immediately begin melting an ice cube without assistance. One Dollar 1795, In Bad Condition. This example is illustrative because both gold and silver are diamagnetic metalsmetals that are repelled by large magnetic fields. Metal Content. It appears that the counterfeiters are mixing it up as they strike additional examples. Thank you for responding. ! Your email address will not be published. The counterfeit shown here is a step up in counterfeit quality. One Of The Coins A Draped Bust Silver Dollar. 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. I've recently seen something similar with fake one-ounce gold bars. The lathe was the first step in automating the production of coin dies to ensure design consistencies for the entire year of production. 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. Counterfeit 1799 Trade Dollar Liberty Seated - CC - Reverse side. James Bucki is a nationally-recognized coin collector and numismatic expert and author, sharing his knowledge and specialized training in coin grading, minting errors, and collection techniques. Its understandable to be concerned as a coin collector, as the last thing you want to end up with is a coin that has little-to-no value when you originally believed there was more to it. 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: 16 watching. I have a counterfeit 1795 with vampire marks!! Want more? Magnets are not attracted to elements such as gold and silver. Many times, fake coins do not contain all the same mintmarks consistent with a certified authentic coin. Collectors.com | Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited. Another method of altering the coin involves removing a minor detail to make it worth more money. Some high-quality counterfeit coins have even fooled expert numismatists. Upon further review, NGC had actually posted their article on September 16, 2014, so these have been out there for a while! All I can say is. And this one sports a realistic-looking die break. Since it is virtually impossible for two genuine coins to display identical contact marks and scratches, depressions are an excellent diagnostic. Here is a genunine piece with light circulation. Join a discussion group or club focused on your interests such as Early American Coppers (EAC), and ask other experienced members and friends. If you like this article, then you might enjoy other articles in our archives, such as 5 Must Have Books For All Coin Collectors. But it does look the word COPY may have been removed down by the last A in AMERICA. Face Value. It sold for $503,125 in 2009. Makes me wonder whether the previous homeowner planned a practical joke on the next person to tear down the walls, decades in advance, or if someone you know intentionally planted it during the demo. Winner numerous NLG Literary Awards. The $100 question of the day: As a coin collector, how can you be certain that you dont end up purchasing a fake coin? I have been studing the coin for some time now,reading everything I could fined including the The United States Early Silver Dollars, by Bolender. Many pages have been updated and new pictures have added to give a better user experience. Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. During the writing of this article, we were presented yet another example in a different selling venue: an 1800-dated example from Mexico. Both silver and gold have exceptional thermal conductivity, the ability which a metal has to conduct heat. Coins Found in Pocket Change, What Are Doubled Die Coins and How to Identify Them. While a simple magnet can work to test this method, use a magnet that is considered high-powered, as youll want to ensure that you pick up on any types of trace metals that might be contained within. Don't clean it in any way, Find an expert who can see it in hand. Troy ounces weigh about 2 grams more than the standard ounce. A basic skill set of how to detect counterfeit coins will hopefully save you money by avoiding the purchase of counterfeit coins. Improving Your Counterfeit Detection Skills, Lincoln Wheat Penny Key Dates, Rarities and Varieties. Tell them to check the ngc and pcgs websites for the serial numbers of encased coins. When that die wore out or broke, the artist would create another one. Grading Coins Coin Grades Past & Present. The example on the right appears to better match a genuine B-10 1799 Draped Bust dollar, but common markers between the two suspect examples reverses and to the 1801 and 1802 counterfeits cannot be overlooked. In the case of rare, antique and valuable coins, the worth of these coins has been widely collected and studied within the field of numismatics. They are also the top-collected date in the series, loosely tied only by the 1798 dollar, which is more or less equally encountered in the marketplace these days, even if there . Only buy coins that have been certified bya. Around The World With Coins - A Coin Geography Game. Below, were going to explore some of the basic types of counterfeit U.S. coins youll find strewn throughout the market, and what tests you can implement to catch one along the way. If the surfaces of the devices are course and lacking in detail, this may be another indication of a counterfeit coin. . Therefore, it should have a gray steel metal color. 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. @BillJones - Slightly off topic, but can anyone explain the different color bordering that appears around all the stars on the reverse of the picture above? 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. And review similar items on the internet major auction house sales archives and NGC and PCGSs variety pages are great online resources. Yet Another Forum Game - Numismatic Go Fish! The counterfeiter loads the coin dies into a coining press that uses several tons of pressure to strike the counterfeit coins. There are a number of ways that you can check for magnetivity of your coin, but here are a few of the simplest: First off, grab a simple magnet and hold it near your precious metal coin. For example, a 1943 Lincoln cent should be made out of zinc plated steel. 2023 Liberty Coin & Currency "Liberty Coin and "Liberty Coin & Currency" are trademarks of Liberty Coin, LLC (Signal Hill, California), and are used under license. Coin does not match any known obverse or reverse dies for 1796 Silver Dollars Perfectly round, as though struck in collar Artificial toning Detail is slightly mushy and flat for the amount of wear the coin shows With exception of the '6' in the date, dies are a match for 1795 Small Eagle Dollar, Bolender # B14 Lustre is slightly PL and not . Introducing Coin World+ Get the brand-new mobile app! The methods youll most easily be able to measure at home are the coins weight, diameter and thickness (of which the year of minting will be a visual test). The residue from that caused the piece to take on some unusual colors. Inspect for evidence of alterations that may include the addition or removal of a mintmark that would make the coin more valuable. If you are having trouble counting the stars it is probably very worn in low grade. . 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. A counterfeit coin is any coin that is made by an individual without the knowledge and consent of the issuing country or entity. Metal Content. Dishonest people are always developing new methods of counterfeiting coins. I have seen rounds that look like that, but they had the weight and fineness markings on the reverse. It is currently priced in Coin. Please Grade This 1799 Liberty Coin - Coin Community Forum This page may contain links that result in small commissions to keep this free site up and running. While a ruler might work, there is too much human error involved, especially considering how most coins are measured down to hundredths of a millimeter. If the stack topples over, you have a reason to become more cautious with the transaction. I have noticed this effect on a bunch of older silver items and am trying to understand what is going on. If you didn't know if was fake before then you do now. Free shipping. Thus, identifying an 1804 counterfeit can be quite straight forward. Save my name, email, and website in this browser for the next time I comment. Coin Grading Professional or Self Graded? Split coins are another example of a counterfeit coin that has been radically altered. 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. the word Hundred is spelled wrong. Upon further examination no 2 stars have the same shape. We use user submitted pictures please read that article if you are interested in adding your own. On fakes, they won't. Look carefully at the accompanying documentation and packaging. 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). Prices listed are for MS-65 certified. 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. does anyone know if this is an error? Stick around a while! 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). 1799 Draped Bust dollars are the most common in the popular Draped Bust dollar series. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. Just curious if there are any known cases of liberty coins on ebay selling fake silver or gold? - Last updated: June, 10 2022 Year: 1799 Mint Mark: No mint mark Type: Draped Bust Dollar Price: $796.00-$22118.00+ Face Value: 1.00 USD Produced: 423,000 Edge: Reeded Is This coin authentic or Fake? 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. Counterfeiters like this method because this process does not destroy the host coin. 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. 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!!! Want more info? No offense. It is stable now. For example, a Buffalo nickel minted in 1926 at the Philadelphia mint can be purchased for under $100. The most common Draped Bust Dollar, both in terms of original mintage and number of current survivors, is the 1799. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. Typically they are too high or much too low. In the case of being dropped down a slide, a fine, minted gold or silver coin would move slower down the magnetic slide than a counterfeit that contains some other metallic material, primarily due to that repellant magnetic force that counteracts the gravitational force. Is It Worth Buying? Maybe so, but this trick comes with scientific reasoning. Either way, since it is not marked as a copy, when they took your money, they committed a crime. *** [?]. 1799 dollar massive auction coin haul part 3 Tom The English Picker 61K views 9 years ago Extremely Rare 1799/8 Draped Bust Silver $1 Sells For $123,375 in Stack's Bowers Rare Coin Auction. Use an extremely strong magnet to see if the coin is attracted to it. 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. So, when brought into contact with a number of magnets, these metals will undergo a repellant force. It's like a scene from the Twilight Zone. Learn how your comment data is processed. One of the first examples we saw was an 1802 from an internet venue back in early 2018. A dirty gray brown would be expected. The counterfeiter can create the coin dies by engraving them by hand, using the spark erosion method, a one-to-one transfer engraving lathe, the plating method, or the impact technique. 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. Thank You. The 1795 off-center bust, known as variety B-14 or BB-51, is unique to the date and an obvious bad numismatic choice for a family of differently dated counterfeits! Is This 1799 Silver Dollar A Fake - Coin Community Forum This page may contain links that result in small commissions to keep this free site up and running. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. This is how I suspected and learned Id been taken on an extremely expensive coin I paid a fortune for since bar code didnt align with serial number correctly Lastly wait until theres a Whitman show and only buy from a dealer there.