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US Made 1934 Chinese Junk Dollars: History And Ways To Identify Them.

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Valued Member

Canada
122 Posts
 Posted 03/20/2022  8:53 pm Show Profile   Bookmark this topic Add CurrencyLooker to your friends list Get a Link to this Message Number of Subscribers
Originally a reply but I figured it would be best to make it a post.

There are several ways to identify US made 1934 junk dollars. In general, there are two versions of the US mint 1934 junk dollars, the "Philadelphia", and the "Taiwan restrikes". The Taiwan restrikes are likely to be made in the USA during 1949 while the Philadelphia ones were made in China using dies commissioned from Philadelphia the 1934-1937.

Here are the features for the Philadelphia strike:
-Pimples.
-Wide rim.
-ribbon behind neck (some of them).

Here is an example of the "Philadelphia" version of the 1934 junk dollar:

US-Made-1934-Chinese-Junk-Dollars:-History-And-Ways-To-Identify-Them.


Here is the pimple feature:

US-Made-1934-Chinese-Junk-Dollars:-History-And-Ways-To-Identify-Them.



Near where the nose is pointed at there is a pimple, there is also a pimple right between the Chinese "2" character. These are the best identifying features for the US commissioned dies version.

In addition, the rim is really thick compared to the non-restrike central mint versions

US-Made-1934-Chinese-Junk-Dollars:-History-And-Ways-To-Identify-Them.

Left is the US mint, right is non-restrike central mint.

The second image is another "Philadelphia" commissioned dies strike though it is a earlier strike because the ribbon is still intact.

US-Made-1934-Chinese-Junk-Dollars:-History-And-Ways-To-Identify-Them.

You can see the ribbon on the right side of the bust on the neck. That is actually a strikethrough of the ship's design. This only exist in earlier strikes when the dies are fresh.

"Taiwan restrike"

The Taiwan restrikes were a result of the Nationalist retreating to Taiwan and brought with them the last baatch of 1934 junk dollars that were either made in Shanghai during 1948-1949 or were made in the US in 1949, in total around 30 million coins were ordered with most being hoarded. Their first appearance in the market was in 1999 when 6,000 coins were sold in batches. Due to the long time they were sealed in boxes nearly all of them are in high grade blast white condition.

Features of the "Taiwan restrikes" are:
-Thick rim.
-curved waves.
-no pimples.
-blast white (least reliable).

Image below is a "Taiwan restrike" version:

US-Made-1934-Chinese-Junk-Dollars:-History-And-Ways-To-Identify-Them.

Apart from the previously mentioned thick rim, there is also no pimples that is part of the "Philadelphia" version.

In addition, the Taiwan restrike version also has thin waves that caved inwards as shown in this image:

US-Made-1934-Chinese-Junk-Dollars:-History-And-Ways-To-Identify-Them.

Left is a Taiwan restrike, right is a central mint restrike.

For both the "Philadelphia" strike and the "Taiwan restrike", you must take into account all these features to make an educated guess because there are many variations of these features. However the features I mentioned above are the best features for identification.
Edited by CurrencyLooker
03/20/2022 11:36 pm
Pillar of the Community
United States
1913 Posts
 Posted 03/20/2022  9:11 pm  Show Profile   Bookmark this reply Add Albert to your friends list Get a Link to this Reply
My hobby is collecting and documenting the common fakes coming out of China nowadays.
I like to make pages with photos, weights & measures showing what's right and wrong about them.
When a post such as yours comes along, I have a special appreciation for it.
Pillar of the Community
United States
2281 Posts
 Posted 03/20/2022  9:14 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
Good read, thanks!
You realize when you know how to think, it empowers you far beyond those who know only what to think.

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Valued Member
Canada
122 Posts
 Posted 03/20/2022  9:29 pm  Show Profile   Bookmark this reply Add CurrencyLooker to your friends list Get a Link to this Reply

Quote:
My hobby is collecting and documenting the common fakes coming out of China nowadays.
I like to make pages with photos, weights & measures showing what's right and wrong about them.
When a post such as yours comes along, I have a special appreciation for it.


Thank you so much, if you need any help with research I may be able to help you with regards to higher end fakes.
Edited by CurrencyLooker
03/20/2022 9:30 pm
Valued Member
Canada
122 Posts
 Posted 03/20/2022  9:31 pm  Show Profile   Bookmark this reply Add CurrencyLooker to your friends list Get a Link to this Reply

Quote:
Good read, thanks!


Thank you!
Pillar of the Community
swamperbob's Avatar
United States
5362 Posts
 Posted 03/20/2022  10:50 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
CurrencyLooker I knew about the Philadelphia restrikes of the 1934 Junk Dollar that were produced in 1949 as noted in Krause and elsewhere. However, you seem to be calling these "Taiwan restrikes" based on your comment;


Quote:
The Taiwan restrikes are likely to be made in the USA during 1949 while the Philadelphia ones were made in the 1930's till around 1945-46.


You refer to the Philadelphia restrikes as being made over an extended period of time from the 1930's until the end of WWII.

"Taiwan restrikes" are new to me. As far as I know the coinage of 1949 was produced under an agreement with Taiwan and they were made to support Nationalist China against the Peoples Republic. These official restrikes numbered some 60,000,000 copies and are what is commonly referred to as Philadelphia Restrikes. The second category of Restrikes appear to be another form of "unofficial silver restrikes" that were produced in uncertain locations to profit from private coining of silver bullion?

The date range you refer to '1930's to 1946 is actually about perfect for the second world wide depression in silver value which resulted in many official silver coins being counterfeited to make a profit.

Any copy of an official circulating silver coin made in good silver immediately brings to mind the "unofficial" (I say counterfeit) silver coinages made without official approval in the 1893-1895 period and again in the 1933-1945 time frame. At both those times, a counterfeiter could make a profit manufacturing full weight silver coins because the intrinsic value fell below the face (fiat) value of the coins.

Valued Member
Wandering Circle's Avatar
Hong Kong
176 Posts
 Posted 03/20/2022  10:52 pm  Show Profile   Bookmark this reply Add Wandering Circle to your friends list Get a Link to this Reply
So if the restrikes are sent in to be graded, are they going to be marked as "restrike"?
Valued Member
Canada
122 Posts
 Posted 03/20/2022  11:33 pm  Show Profile   Bookmark this reply Add CurrencyLooker to your friends list Get a Link to this Reply
swamperbob

I checked the documentation again and I just realized I might have made a serious error.

So the Philadelphia strikes are actually minted in China during 1934-1935. However, the dies are all commissioned and produced by the Philadelphia mint in the USA and a small quantity was minted again in 1936-1937 for export purposes to the USA in exchange for foreign currency and collateral to loans.

And yes you are right, the so called "Philadelphia restrikes " are what we call "Taiwan restrikes" in China and Taiwan. While mints in Shanghai, Chungdu, KwaNGChou, Taipei, ChoNGChing also produced these restrikes in 1949. The ones produced in the USA are still distinguishable by the features mentioned in the first post. I will make corrections to the original post now.

While admitting to my mistakes might make me lose credibility. I personally believe that denying mistakes and making up stuff is far worse. So I apologize for the mistakes in this post and I will correct them now.
Edited by CurrencyLooker
03/20/2022 11:36 pm
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