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Replies: 27 / Views: 6,520 |
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Valued Member
Australia
165 Posts |
Hi my american coin cousins,
From Australia and just wondering I have a chance to buy a 1803 silver dollar and just wondering how to tell if it is genuine and value of the grades.
thanks
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Rest in Peace
United States
10625 Posts |
The best thing to do is post photos here on CCF. There are a number of members who could answer all these questions based on good photos. Something you can do yourself is check the weight. Counterfeit coins are usually well off the mark of an original. It should weigh around 27 grams. The other thing is to test it with a magnet. Many but not all counterfeits will be magnetic.
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Moderator
 United States
56855 Posts |
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Pillar of the Community
United States
1186 Posts |
It should have "one hundred cents or unit" around the edge of the coin.
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Moderator
 United States
23522 Posts |
I hate to characterize things this way, but I must.
Approach this coin assuming it's a counterfeit, and look for proof that it isn't. This is a rare and valuable issue. Very worn examples (G4 range) are worth in excess of US$1000, and lightly-circulated specimens exceed $10,000. You'd be hard-pressed to find one in Mint State, at all. They are highly-counterfeited, and most of those fakes originate in Asia.
It would be a disservice to attempt to teach you how to authenticate one using just words posted to a forum. There are so many different telltales of a counterfeit that they cannot be listed in one place. Images would be imperative in order for us to appropriately help you.
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Pillar of the Community
United States
3253 Posts |
That's "one hundred cents one dollar or unit," EddieDiz!
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Bedrock of the Community
United States
14454 Posts |
I have to mirror SsuperDdave you have to assume every one of these you come in contact with is counterfeit and then work to find attributes that make it genuine as this series has a lot more fakes on the market than originals, not saying there are not originals out there but chances are 49 out of every 50 (was going to say 9 out of 10 but I know the number is higher than that) you will see will be counterfeit unless they are slabbed or from a reputable dealer/collector. Some of these are obvious and some take a little more work to determine authenticity. If you are not comfortable determining originals from counterfeit this is a coin I would not touch unless there was some sort of guarantee of authenticity saying that if it came back fake you get 100% of your money back and this would need to be in writing for me to feel comfortable
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Pillar of the Community
United States
1796 Posts |
I have *five* 1803 American Silver Dollars... all 5 are *counterfeit.*
As others have said, please proceed with caution. It is a very common fake.
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Valued Member
United States
271 Posts |
It would have to be authenticated, and the price is going to be out the roof. Large 3 is most common then small 3 both will be 5 to 10 thousand dollars and a re strike forget it only four known.
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Valued Member
 Australia
165 Posts |
These pics are not by me but by the person that owns it. I can get clear ones  
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Pillar of the Community
United States
9792 Posts |
From these photos I would run away already. Looks like a cast or electrotype copy.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440
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Valued Member
 Australia
165 Posts |
He said it was his mothers
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Pillar of the Community
United States
3253 Posts |
Hard to say anything from pics like this, but I think I see the soft edges of the devices suggestive of a counterfeit. More importantly, there are six die varieties for the 1803 dollar, not including the later proof novodel, and I don't believe this date conforms to any of them. Would still ask about the edge, if you haven't already; plain or reeded would quickly rule out a genuine dollar.
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Bedrock of the Community
United States
17884 Posts |
From the image I would say it is most likely a fake. I would also bet the weight is off.
Edited by Conder101 04/29/2013 10:36 am
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Pillar of the Community
United States
3755 Posts |
Quote: He said it was his mothers They are almost always their mothers coin. She had it in her sock drawer (or tucked in her undies) for years and forgot about it. Just found it when we were going through her things after her tragic death. I don't have any interest in coins and it really holds no sentimental value, so I am selling it. Or something very much like that. From that photo, I would say FAKE. I am not normally the one screaming counterfeit, but with this coin series, Superdave is right, and I see NOTHING there that makes me think that is real.
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Pillar of the Community
1028 Posts |
even if harshly cleaned, a silver coin from that era should not look like that. This might not even be a silver coin. From my vantage point, the fields also appear distinctly bumpy. It looks like an off-metal cast copy to me.
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Replies: 27 / Views: 6,520 |