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 Replies: 21 / Views: 3,438 |
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New Member
United States
14 Posts |
A friend of mine gave me a sheet of US dollar coins as collateral for money he owes me. I am a bit skeptical because all are in vg to excellent condition. My concerns are 1795 Liberty Bust dollars, 1844-CC Seated Liberty dollars, 1802 liberty bust, 1886-CC Morgan, 1899-CC Morgan and a 1873 Trade dollar. These are too good to be true. The hair on most are clear to see almost by the strand. From what I read, these are quite rare. Are these likely fakes? |
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Pillar of the Community
United States
1388 Posts |
First of all,  to the forum. What do you mean by a sheet? Can you post pictures? There's not much we can do without pictures. EDIT: There is also no such thing as an 1899 CC Morgan. Do you mean 1889? Edited by The Silver Searcher
11/23/2014 8:35 pm
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Pillar of the Community
United States
8516 Posts |
...and how much did your buddy owe you ?
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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New Member
 United States
14 Posts |
I tried to take pics but the light gives it a glare. The sheet is a page with coins lined up in pockets normally used in binders. (20 count) Yes, it's 1899-CC. He owes me $200.
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Pillar of the Community
United States
3843 Posts |
Well the 1844-CC Seated dollar is fake for sure since the Carson City mint wasn't yet in existence at that time. Sounds like there is a good chance that all of these coins are fake. Modern fakes generally are not worth much, perhaps a few dollars each to a counterfeit collector but nothing to the vast majority of coin collectors. Hopefully your friend isn't trying to rip you off intentionally. |
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New Member
United States
14 Posts |
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Pillar of the Community
United States
3843 Posts |
Could you post close-ups of some of the individual coins?
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New Member
United States
14 Posts |
Thanks. Either way, he will pay me back. I don't believe he knows these are fakes. His intentions are to pay me back and for me to hold these until it's paid. I'll let him know after he pays me back, LOL. I was curious because there are duplicate years for rare ones and found that quite unusual. 4-1844's, 2-1795's, 2-1802's, 2-1886-CC's and 2-1899-CC's. Didn't CC close down in 1896?
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New Member
United States
14 Posts |
I'll try. Is it illegal to have and sell counterfeits?
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Pillar of the Community
United States
3843 Posts |
Quote:
Didn't CC close down in 1896? According to the Wikipedia article on the Carson City Mint the last U.S. coin produced there was in 1893 so those 1899-CCs have to be fantasy pieces. Here is a website on fakes that might be of interest. It is operated by a longtime member of this forum. http://fakes.numismetrica.com/ |
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New Member
United States
14 Posts |
Not possible with this cheap camera. Even in the dark or when I cover the flash. I'm more than sure these are fakes. But thanks anyways.
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Pillar of the Community
United States
3843 Posts |
Quote:
Is it illegal to have and sell counterfeits? According to Numismetrica [Linked Above]: Quote:
In the United States it is perfectly legal to own counterfeits, provided you have no intent to defraud someone with them. [18 U.S.C. Chapter 25 § 485] and [18 U.S.C. Chapter 25 § 490] |
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Pillar of the Community
United States
2543 Posts |
Also no such thing as a 1886 CC Morgan the mint was closed in late 1885 and not reopened until late 1889. Hence the rarity of both those dates.
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New Member
United States
14 Posts |
Wow,interesting stuff. I'd hate to break his heart. He really believes these are real. Is there a market for these when I do break the news to him. Really good work put into these things. The giveaways are the Ellis Island dollars with an 0 placed over what appears to be a grind down 8. Why were these done to make them appear to be 1906 when these were only made in 1986?
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Pillar of the Community
United States
1704 Posts |
He gave you 20 fakes for collateral on a $200.00 loan so that means he probably knows these coins are not genuine. He is taking advantage of your lack of knowledge of these coins. Fortunately, you were curious enough to try and determine what these coins' true value is. As novelty pieces they are worth less than $10.00 each. I would take them back to him and tell him he needs to give you something else worth at least $200.00 for the collateral of that loan. Also get the loan terms in writing and set a due date for the repayment of the loan. Now that you have these coins there is a very good chance he will give up the coins for the money he "borrowed."
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Pillar of the Community
United States
589 Posts |
18 USC 485 Quote:
Whoever falsely makes, forges, or counterfeits any coin or bar in resemblance or similitude of any coin of a denomination higher than 5 cents or any gold or silver bar coined or stamped at any mint or assay office of the United States, or in resemblance or similitude of any foreign gold or silver coin current in the United States or in actual use and circulation as money within the United States; or
Whoever passes, utters, publishes, sells, possesses, or brings into the United States any false, forged, or counterfeit coin or bar, knowing the same to be false, forged, or counterfeit, with intent to defraud any body politic or corporate, or any person, or attempts the commission of any offense described in this paragraphâ€"
Shall be fined under this title or imprisoned not more than fifteen years, or both. If you friend knew they were counterfeit, which it sounds like he should (he's trying to use 20 as collateral for a 200 loan...junk silver dollars should have rendered 10 for a 200 loan), plus he's given you "rare" years, mint marks, etc (even though some of them are impossibilities), it all looks like he should know they are fake...thus, he might have committed a 15 year (probably) felony. |
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Replies: 21 / Views: 3,438 |
Posted 11/23/2014 8:32 pm
