Genuine 1916-D Or Counterfeit?

real

I think you are right, Westernsky. If the guy that sold it for $20 had any doubts he would have sent it in to get it authenticated. So he knows it is fake. In a way these fakes may become valuable later. I think fakes are due to so many "investors" becoming involved in coin collecting as a hobby. My wife used to collect pottery. That stuff is faked like crazy. She collected old cookie jars and there were notorious fakes of certain jars so much so that she would not even buy them. Perhaps the same goes for coins.