NGC - NGC's discovery is the first reported counterfeit example of this date.
Recently, an 1894-O Morgan dollar was examined in an invoice at NGC that was proven to be an unreported contemporary counterfeit. Despite being a well circulated piece, there were several distinct problems with the coin that immediately led to the determination that the piece was in fact not genuine.
The coin displayed a granular texture despite appearing well circulated, and the devices lacked sharpness. Like the 1893-O VAM 6 discovered by NGC in 2014, the 1894-O had an incorrect reverse hub type that wasn't used at the New Orleans Mint until 1901. In fact, this newly discovered 1894-O actually shares the same reverse die as 1893-O VAM 6, as evidenced by the die flaw just in front of the "D" of "United", a die that was also used to strike the counterfeit 1896-O VAM 25 and 1900-O VAM 62 pieces.
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