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Weird 1845 Seated Liberty Trade Dollar

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fenton's Avatar
United States
4989 Posts
 Posted 02/20/2016  09:32 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Modern cast coin. I wouldn't call it counterfeit since, obviously, no real Trade dollars were minted with a date of 1845. Should be no problem selling it as a fantasy piece but it would have very low value.
Edited by fenton
02/20/2016 09:33 am
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Pacificoin's Avatar
Canada
5404 Posts
 Posted 02/20/2016  09:44 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
This thread just further reinforces my fears for numismatics. Incredible!
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davec13's Avatar
United States
757 Posts
 Posted 02/20/2016  09:56 am  Show Profile   Bookmark this reply Add davec13 to your friends list Get a Link to this Reply

Quote:
This thread just further reinforces my fears for numismatics. Incredible!


I am not understanding your fears. It's a fantasy coin at best and anyone who is in this hobby should easily be able to spot the fact this coin is not a genuine coin. This is like the 1800's Washington dollar coins. These should have absolutely no bearing on the hobby as they are so bad no one should fall victim to it. The coins that should inspire fear are the ones that have slipped past the TPGs and been graded.

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barryg's Avatar
United States
5870 Posts
 Posted 02/20/2016  10:51 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

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

The "in resemblance" part is what gets me wondering. This coin certainly resembles a real coin. In fact, it actually resembles two real coins. But no, it's just a "fantasy" coin. Fine. What if it looked exactly like a real Liberty Seated dollar, except that it was dated one year before or one year after such coins were actually minted? Still not an exact duplicate, but some might still say the resemblance was uncanny. What if it looked exactly like a real Liberty Seated dollar and had a legitimate date, but it had a missing or extra mint mark? Still "just" a fantasy coin?

Let's take it a step further (or in a slightly different direction, at least). What about a coin that has all the proper elements of a real Liberty Seated dollar, but is just very poorly executed. If the design is so bad that it's obviously a fake to any knowledgeable collector, it obviously doesn't "resemble" the real thing very much and probably would resemble it far less than one that simply had an "impossible" date or mint mark.

Where do you draw the line?

Personally, I think that any attempt to make a coin that looks at all like a real coin, regardless of the differences between it and the real coin, is a counterfeit made with the intent to deceive the ignorant. And even if the person making it claims to "just" be making a "fantasy" coin with no intent to deceive, once the coin leaves his hands there is no way to control how it will be represented down the line.
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Darth Morgan's Avatar
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2815 Posts
 Posted 02/20/2016  11:40 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
Good discussion, as usual when counterfeit topics like this one come up. Counterfeits have been around as long as numismatics, but numismatics is still here, safe and sound. Now I realize that there are way more counterfeits being made today than ever before, so it's not unreasonable to have some concern. I think we do a great job educating new members and those just passing through.

I have lots of counterfeit draped bust silver dollars. We are now using them to teach my daughter how to count. We like to stack 'em too. Fun times.
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davec13's Avatar
United States
757 Posts
 Posted 02/20/2016  12:26 pm  Show Profile   Bookmark this reply Add davec13 to your friends list Get a Link to this Reply

Quote:
Counterfeits have been around as long as numismatics, but numismatics is still here, safe and sound


Exactly. The day after the first coin was struck, someone made a fake one. While it seems like there is a great influx of counterfeit coins. I personally believe it's just the fact the world has become so small nowadays since the internet has made finding anything possible with the click of a button. This is a double edge sword. I can get anything counterfeit in a matter of minutes, but at the same time I have thousands of ways to determine if a coin is counterfeit or not.

In the end if you are truly a collector you should know what you are buying. If you don't want to take the time to study and just throw money around it's basically your own fault if you get taken. This holds true for anything though. My wife loves UGG boots and coach bags there are tons of fakes out there. I had to educate myself of what is and isn't real before I started buying them for her.
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tedster's Avatar
United States
62 Posts
 Posted 02/20/2016  2:04 pm  Show Profile   Bookmark this reply Add tedster to your friends list Get a Link to this Reply
This looks and feels like a real coin. I picked it up at a garage sale for a quarter, got it home looked it up and it has wrong reverse I think this reverse is that of a morgan.

Weird-1845-Seated-Liberty-Trade-Dollar

Weird-1845-Seated-Liberty-Trade-Dollar
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barryg's Avatar
United States
5870 Posts
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nss-52's Avatar
United States
54284 Posts
 Posted 02/20/2016  3:54 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply

Quote:
the law about counterfeiting coins is only for coins in the denominations of 5 cents and above. So basically I could crank out as many cents as I wanted to and sell them unmarked and it would be "legal".

FROM 18 U.S. Code § 485 - Coins or bars

Quote:
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


I know you have noble intentions, but sometimes it's wiser to stay silent. That is unless you are 100% certain what you are saying is correct.


"5 cents and above" is not the same as "higher than 5 cents".
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