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Counterfeit Detection: 1885-CC Morgan Dollar Counterfeit In A Fake GSA Holder

 
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 Posted 11/28/2021  3:20 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
NGC - At first glance, the counterfeit GSA holder looks similar to a genuine one. The fake 1885-CC Morgan dollar, however, is far more obvious.

Recent reports have identified counterfeit GSA holders with counterfeit Carson City Morgan dollars inside. Last month NGC received a spurious GSA holder in a submission that included several authentic GSA holders. This appears to be a new tactic of counterfeiters since many people would not suspect to encounter fake GSA holders, which were sold from 1973-1980.


Counterfeit GSA Holder

After the United States Treasury stopped redeeming silver certificates for silver dollars in 1964, the General Services Administration (GSA), an agency of the US government, was tasked with marketing the silver dollars that remained in Treasury vaults. Several million coins, mostly Carson City Morgan dollars, were packaged in hard plastic holders with black inserts and sold to the public from 1973 to 1980.

NGC grades Morgan dollars in the original GSA holders by affixing a tamper-evident label that wraps around the rigid case. The label includes the standard coin description and NGC grade while still preserving the historic significance of the GSA holder. NGC has graded nearly 100,000 Morgan dollars in GSA holders since it began certifying them in January 2003.

At first glance the counterfeit GSA holder looks similar to a genuine one. The fake 1885-CC Morgan dollar, however, is far more obvious. Both sides have unusual voids in the fields, such as between the 9th and 10th stars on the obverse and below the ON in ONE on the reverse. There are also numerous raised lines on the reverse that are frequently seen on counterfeits. These lines are particularly prominent around OF and through ONE DOLLAR. Several raised lumpsóanother common characteristic of fakesócan be located under magnification.


Counterfeit 1885-CC Morgan dollar With Close Ups

When the spurious GSA holder is compared to a legitimate example, the differences become quite apparent. The black insert of the fake holder looks like paper or cardboard with smooth surfaces, while the plastic insert of the genuine holder has a rougher texture. The counterfeit is significantly lighter than its authentic counterpart, and the silver lettering is duller.

This is just the latest example of the efforts counterfeiters will make in order to fool collectors. Although the poor quality of this coin aided identification, there may be more deceptive ones in the marketplace. Collectors and dealers alike should certainly take a closer look when buying GSA holders.


Left: Counterfeit GSA Holder; Right: Genuine GSA Holder

Read More: Counterfeit Detection Series

Check certified 1885-CC Morgan Dollars on ebay.
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 Posted 11/28/2021  4:46 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Wow, that's scary.
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 Posted 11/28/2021  4:49 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Been around a while too, this article is reprinted from The Numismatist from 2012ish.
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 Posted 11/28/2021  5:21 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I guess that it is the Chinese that are at it again.
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 Posted 11/28/2021  6:15 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
There are also counterfeit black Redfield holders and coins.
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 Posted 11/29/2021  12:47 pm  Show Profile   Bookmark this reply Add flag4 to your friends list Get a Link to this Reply
Thank you for the heads up. I've been shopping for this coin recently to help complete my collection. Strongly considering a GSA slab as they seem to be a better value than a graded slab. Not now . .
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 Posted 11/29/2021  2:56 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
We had a member here that got ripped on gsa holders. Can't remember his handle but I believe he went to the cops.
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 Posted 11/30/2021  3:02 pm  Show Profile   Bookmark this reply Add epikur to your friends list Get a Link to this Reply
I remember that too. You can easily spot, at least this and the other guy's fake holder by the lack of the three "knobs" from the black material over the edge of the coin on the back side of the holder.
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 Posted 11/30/2021  9:42 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply

Quote:
I remember that too. You can easily spot, at least this and the other guy's fake holder by the lack of the three "knobs" from the black material over the edge of the coin on the back side of the holder.


Yes, exactly.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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