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1803 American Silver Dollar

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CoinStew's Avatar
Australia
165 Posts
 Posted 04/27/2013  09:52 am Show Profile   Bookmark this topic Add CoinStew to your friends list Get a Link to this Message Number of Subscribers
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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dave700x's Avatar
United States
10625 Posts
 Posted 04/27/2013  10:19 am  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
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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John1's Avatar
United States
56855 Posts
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United States
1186 Posts
 Posted 04/27/2013  11:13 am  Show Profile   Bookmark this reply Add EddieDiz to your friends list Get a Link to this Reply
It should have "one hundred cents or unit" around the edge of the coin.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/27/2013  11:41 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
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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philadelphian's Avatar
United States
3253 Posts
 Posted 04/27/2013  1:53 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
That's "one hundred cents one dollar or unit," EddieDiz!
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Bryan1315's Avatar
United States
14454 Posts
 Posted 04/27/2013  2:50 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
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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SteveCaruso's Avatar
United States
1796 Posts
 Posted 04/28/2013  2:59 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
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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jsbruton's Avatar
United States
271 Posts
 Posted 04/28/2013  3:21 pm  Show Profile   Bookmark this reply Add jsbruton to your friends list Get a Link to this Reply
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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CoinStew's Avatar
Australia
165 Posts
 Posted 04/29/2013  04:13 am  Show Profile   Bookmark this reply Add CoinStew to your friends list Get a Link to this Reply
These pics are not by me but by the person that owns it.

I can get clear ones

1803-American-Silver-Dollar

1803-American-Silver-Dollar
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westcoin's Avatar
United States
9792 Posts
 Posted 04/29/2013  05:45 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
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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CoinStew's Avatar
Australia
165 Posts
 Posted 04/29/2013  06:18 am  Show Profile   Bookmark this reply Add CoinStew to your friends list Get a Link to this Reply
He said it was his mothers
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philadelphian's Avatar
United States
3253 Posts
 Posted 04/29/2013  09:18 am  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
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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Conder101's Avatar
United States
17884 Posts
 Posted 04/29/2013  10:35 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
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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smokeriderdon's Avatar
United States
3755 Posts
 Posted 04/29/2013  8:51 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply

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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hesgut's Avatar
1028 Posts
 Posted 04/29/2013  10:48 pm  Show Profile   Bookmark this reply Add hesgut to your friends list Get a Link to this Reply
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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