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Is This Coin Real?

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First Page  Showing last 15 replies.
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Pillar of the Community
United States
3283 Posts
 Posted 03/15/2012  2:38 pm  Show Profile   Bookmark this reply Add upstate to your friends list
Most of those don't have a chance of being real coins so I doubt any are (ie: the Peace dollars)
Bedrock of the Community
United States
12437 Posts
 Posted 03/15/2012  2:47 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list

Quote:
I'm still taking them to a local coin dealer just to make sure maybe he'll give me $5 each

A legitimate dealer will not touch Chinese fakes with a 10 foot pole, there is absolutely no doubt at all that none of them are genuine nor do they contain any silver.

Quote:
I tried looking them up myself but its so many of them

You would have had a hard time finding any information for some of them because a few of them are what is known as a "fantasy piece", i.e. they have never actually been produced as an official coin or pattern.
Pillar of the Community
United States
3253 Posts
 Posted 03/15/2012  2:56 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list
The 1799 is really the crudest of the copies. Liberty's hair is in spaghetti straps, the date is in no known position, and to top it off, Liberty is FROWNING. The only thing right about the bust is, like D0ubl3Eagle refers to, that it is centered, unlike the 1797 and 1796. The reverse is even more crudely mocked up, with no vertical bands in the shield stripes, no heads on the arrows, and an eagle with what looks like a crow's head. I think I've seen a description of this counterfeit on a website somewhere...
Pillar of the Community
United States
3453 Posts
 Posted 03/15/2012  2:59 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
Another new member posted the Goloid Morgan Metric and SeatedNut posted a really comparison to an authentic one, https://goccf.com/t/113940. It is different than the one you just posted - guess this guy is getting around.
Pillar of the Community
United States
4897 Posts
 Posted 03/15/2012  3:00 pm  Show Profile   Bookmark this reply Add amida17 to your friends list

Quote:
A legitimate dealer will not touch Chinese fakes with a 10 foot pole





except maybe for a buck or two each. then destroy them so they cause no more harm.
Pillar of the Community
United States
3253 Posts
 Posted 03/15/2012  3:04 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list
By 1796, I meant the draped bust of course. The 1796 flowing hair coin can be called a forgery right away, as no flowing hair coins were issued in that year .
New Member
United States
9 Posts
 Posted 03/15/2012  3:10 pm  Show Profile   Bookmark this reply Add Susana to your friends list
jajja every year my husband gives away money on his business last year a lady said she had paid what she owed to his father and my husband gave her a receipt. She never paid and left with her receipt then we saw her at a store and he confronted her and she said " I paid, I have a receipt"
that time was $300 loss . thanks to all .
New Member
United States
9 Posts
 Posted 03/15/2012  3:14 pm  Show Profile   Bookmark this reply Add Susana to your friends list
thanks coinskelly , I really admire the talent I still can not see the difference .
Pillar of the Community
United States
3253 Posts
 Posted 03/15/2012  3:25 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list
Do you think this group belonged to someone who deliberately collected counterfeits over time, or did they all come over on the same slow boat from China?
New Member
United States
9 Posts
 Posted 03/15/2012  3:29 pm  Show Profile   Bookmark this reply Add Susana to your friends list
maybe the guy only had fakes , but the person who paid my husband with these told him that the guy had gold coins too so ,and he died because of a medical mistake and the family got a lot of money , I don't know maybe it was just a story so he would take the coins instead of money
New Member
United States
9 Posts
 Posted 03/15/2012  3:32 pm  Show Profile   Bookmark this reply Add Susana to your friends list
at least my husband would never take coins or anything else that he doesn't know anything about . because for you guys it was so easy to tell if they are fakes or not .. I'm still looking at pictures trying to figure out all the differences mentioned . thanks
Bedrock of the Community
United States
12437 Posts
 Posted 03/15/2012  4:23 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
The 17XX fakes were not even minted with the technology that was available in the 18th and early 19th centuries. Coins from that era were minted in open collar screw presses so they do not have a defined rim like a modern coin. A collar is a metal plate with a hole placed between the two dies, it precisely defines the diameter of a coin and applies the reeding when a coin is struck. It is also commonly known as the "third die". "Open collar" simply means that a collar was not used when the the coin was struck so the edges of a coin struck in an open collar vs. a coin struck in a collar will look completely different. Instead of reeding, the dollar and half dollar Bust coins will have lettered edges, either FIFTY CENTS OR HALF A DOLLAR or HUNDRED CENTS ONE DOLLAR OR UNIT.

The 1901 Morgan dollar has a CC mintmark under the eagle but the Carson City(NV) Mint struck its last coins in 1893. The 1847 Seated Liberty dollar has two problems, a CC mintmark(Carson City did not strike its first coins until 1870) and the IN GOD WE TRUST banner over the eagle but the motto was not used on that denomination until 1866(IGWT did not appear on ANY coin until 1864- the Two Cent Piece was the first). The 1851 "dollar" is the worst of the bunch, it roughly copies the obverse of an Indian Head Cent(a coin that did not exist until 1859) but combines it with the reverse of a Liberty gold dollar.

The Trade and Goloid patterns have issues as well but those are fairly obscure to begin with so most people would not even recognize a genuine one. Of all the fakes, the 1927 Peace dollars are probably the closest in appearance to a genuine coin but I can still definitively conclude that it is not genuine based on the appearance. Ironically, that is not a particularly rare or valuable coin as you can purchase an Almost Uncirculated(very light wear) 1927 Peace dollar for ~$50.
Edited by biokemist6
03/15/2012 4:37 pm
Pillar of the Community
United States
3253 Posts
 Posted 03/15/2012  4:31 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list
If you're enjoying all these diagnostic points, Susana, I'm sure we can keep them coming, what with all the examples you've provided for us. It's got to be more interesting and informative than "I'm an expert, so trust me, these are fakes."
Pillar of the Community
United States
1796 Posts
 Posted 03/15/2012  5:03 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list
Aye to re-iterate what has been said, all of these are counterfeits.

As someone who is a collector of counterfeits, I can tell you the most you'll probably get for any of those is about $2-3, and to get that price you'll need to find someone who collect them. :-)
Pillar of the Community
United States
1510 Posts
 Posted 03/15/2012  10:13 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list
the indian head 1 dollar I had one of those--sticks to a magnet real good--pure scrap metal
Retired USAF 1983-2003
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