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1886 S Morgans Was I Duped?

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 Posted Yesterday   7:14 pm  Show Profile   Bookmark this reply Add pompeii to your friends list
Yea. I just never thought a bank gets faked out. I assumed they have some kind of weight checker or something that sniffs them out. Good to know. Thank you for your response.
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 Posted Yesterday   8:55 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list
Bummer.
Errers and Varietys.
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 Posted Yesterday   8:57 pm  Show Profile   Bookmark this reply Add adam126402 to your friends list
Buying Morgan dollars from a bank? Did you pay $1 for each.

This seems quite strange.
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 Posted Yesterday   9:26 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list
Don't run into this often. Yikes!
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 Posted Yesterday   9:42 pm  Show Profile   Bookmark this reply Add pompeii to your friends list
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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 Posted Yesterday   9:46 pm  Show Profile   Bookmark this reply Add pompeii to your friends list
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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 Posted Yesterday   10:40 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list
For 2 dollars I'd be happy with them.
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 Posted Yesterday   11:30 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list
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.
1886-S-Morgans-Was-I-Duped?
1886-S-Morgans-Was-I-Duped?
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 Posted Yesterday   11:30 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list
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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 Posted Today  14H 42M ago  Show Profile   Bookmark this reply Add panzaldi to your friends list
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
Today 14H 39M ago
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 Posted Today  13H 46M ago  Show Profile   Bookmark this reply Add jbuck to your friends list
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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 Posted Today  6H 52M ago  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list
"Banks aren't human, but tellers are."
I don't believe you were intentionally 'duped.'
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 Posted Today  6H 28M ago  Show Profile   Bookmark this reply Add lahave56 to your friends list

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
Today 4H 7M ago
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 Posted Today  2H 52M ago  Show Profile   Bookmark this reply Add Sap to your friends list

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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