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 Replies: 18 / Views: 408 |
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Pillar of the Community
United States
971 Posts |
Buying Morgan dollars from a bank? Did you pay $1 for each. This seems quite strange. |
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Bedrock of the Community
United States
19563 Posts |
Don't run into this often. Yikes!
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New Member
 United States
10 Posts |
Yes I asked if they had any dollar coins and they had 7 I got for 7 bucks and these were 2 of them.
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New Member
United States
10 Posts |
The other 5 were eisenhowers 2 1776-1976 and 3 regular 70's. I guess its not a big deal since I only lost 2 bucks on the transaction lol
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Pillar of the Community
United States
7322 Posts |
For 2 dollars I'd be happy with them.
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Pillar of the Community
United States
6436 Posts |
These fakes actually look pretty good in terms of design accuracy. The reverses look like they were copied from 1878-S coins but otherwise they are well above average. If weight was OK and the "copy" stamp was omitted they would deceive most collectors, I think. I got this coin at a bank years ago. I was pretty excited for a minute or two, but like your coins the weight is low and it sticks to a magnet. No "copy" stamp, though! The E-clash reverse is a nice bonus. I don't think either of us should worry too much about being ripped off for a buck or two. It's worthwhile having a counterfeit in the collection, for educational purposes.   |
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Moderator
 United States
106729 Posts |
What a shameI wonder what metal they were made from being magnetic. Is it a strong mag attraction or a light one?
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Bedrock of the Community
 United States
18907 Posts |
at least you did not purchase these online or somewhere else where you paid full retail for them. if they did not state copy, it would fool a lot of collectors
Jaobler, looking at 93S the surfaces really jump out to me. they have a strange grainy look to them
lesson learned...be careful purchasing coins from anyone other than a reputable company or person. there are good fakes out there that can fool even seasoned collectors.
Edited by panzaldi
Yesterday 09:07 am
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Moderator
United States
195559 Posts |
You spent two dollars for two fake Morgan dollars—I call than a win!  You are going to get way more than two dollars worth of conversation and education from them.  And you got also five Ikes in the $7 deal.  |
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Pillar of the Community
United States
1706 Posts |
"Banks aren't human, but tellers are."
I don't believe you were intentionally 'duped.'
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Moderator
United States
195559 Posts |
Quote:
I don't believe you were intentionally 'duped.'  |
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Valued Member
Canada
272 Posts |
Quote:
the surfaces really jump out to me. they have a strange grainy look to them I thought these looked pretty good as well. Given @panzaldi's comment about the grainy surfaces would these likely be cast [or spark erosion] counterfeits? Edited by lahave56
Yesterday 7:39 pm
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Moderator
Australia
16991 Posts |
Quote:
...I wonder what metal they were made from being magnetic... Probably steel, being the cheapest magnetic material available. It should go without saying that the silver content is going to be zero point zero zero percent - not even a silver coating. The inclusion of "COPY" indicates it was intended for the American market, as only American law specifies that particular word "COPY be present for fake coins sold in or imported into the US. The fake steel Morgans you buy from the street markets in Vietnam, for example, don't have "COPY" on them. Quote:
Is there any value or completely worthless I assume? There is some value in them; fake Chinese-import dollars typically sell for a couple of bucks in the streets. So you actually paid less than the "normal going rate" for them. The main obstacle to selling them is you can't use ebay; ebay completely forbids the sale of replica and counterfeit coins, even coins like these that comply with US law by having COPY stamped on them. You'd have to go to a brick-and-mortar coin shop, or maybe a coin club. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
United States
37035 Posts |
At least they put COPY on the reverse of them.
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New Member
United States
10 Posts |
Just got off working a double. Someone asked about strength of magnetization. It was VERY strong. Yea I definitely learned a lesson from these. I guess I'll probably be checking my cash bills for a while from the bank, just in case lol
I bet they put them in the coin machine at the bank and reduced the coin weight from a real morgan to the weight of the silver eagle coin so the coin machine would give them credit for the eagle and pass it off as a real coin in that case for the credit.
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Replies: 18 / Views: 408 |
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Posted 09/23/2026 9:26 pm
