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Replies: 9 / Views: 1,092 |
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New Member
United States
36 Posts |
I have a morgan dollor that, by the feel of it is obviously a fake. But, I don't see anything else that would suggest it is a fake. Isn't such a coin illegal? And, if it is, is it valuable?
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Pillar of the Community
United States
7123 Posts |
Hi Mitburke
Can you give more info on why it feels fake ?
Have you weighed it ?
can you post pics !!
To answer the last of your question,, counterfiet coins are basically illegal to sell in this country !!
I suppose that it has some value , but I cant say how much , Ive never really looked into the counterfiet market .
Perhaps one of the morgan guys can give you a value ?
Rick
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Forum Mom
 United States
5877 Posts |
Quite a few of these come out of China where it is not illegal to produce these counterfeits. They are considered art. I read that somewhere on the forum, but can't remember which thread.
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Bedrock of the Community
United States
14454 Posts |
and when you come to value, they are basically worth what ever type of metal they are made of and thats it, they have no numismatic value at all
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New Member
 United States
36 Posts |
Thank you all for your replies. All I can say about the feel is that it is light enough that if you hold a real morgan in one hand and the fake in the other, you can easily feel a difference. Also, it just doesn't "feel" like silver. I don't know how to explain it. My first clue is was fake is that I picked it up for $3.
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Bedrock of the Community
United States
14454 Posts |
a picture would help with identifying it as a fake because most fakes are castings and have casting marks on it, so if you could provide a picture it would be great and if you got a real morgan for 3.00 then you got a good deal. Dont automatically think its fake just because you got it at a good price though. Does the coin have alot of wear or does it look uncirculated? that can have a difference in weight also if its wore alot. other things come into play when it comes to weight also so dont rule out it being real just for the resons you are giving
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Pillar of the Community
United States
5362 Posts |
Some Morgan forgeries are relatively valuable. The micro o forgeries are in that class. They are treated as rare VAM varieties but they are just counterfeits that went for years undetected. They were identified as fakes by a dealer friend of mine in Boston in 1976 but it was not until last year that the opinion became more accepted. If he were alive today he would be laughing at all these "experts". I was the member who advised that the manufacture of counterfeit coins in China was legal - it is treated as art. But since a Morgan dollar is still monetized - IT IS ILLEGAL TO POSSESS in the US. I don't think anyone would bother to proscecute this "crime" however. The importation of counterfeits is also illegal, but not enforced. There are numerous Morgan forgeries made in various metals and made using different technologies and at different times. The most collectable (at least in my opinion) are the ones made from hand engraved dies and made at the same times that the Morgans were. The metal used is less important, but silver is best. The copper ones are second followed by white metal, tin , zinc and last pewter/lead. Transfer dies as a class are second. Cast dies are last - unless they are listed varieties known to be contemporary. Modern copies which predominate are essentially worthless they are JUNK. If you can post pictures - provide a weight (1/10 gram) and measurements in mm, I can probably classify it for you and estimate what a collector would pay. I have many contacts in the counterfeit collector world.
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Forum Mom
 United States
5877 Posts |
Thanks Swamperbob. I was pretty sure it was you that had said that. My memory is really bad these days.
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New Member
 United States
36 Posts |
Again, thank you for all the information. I will try to post pictures and measurements tomorrow, 4/22. I don't think I can get it done earlier than that. I aapreciate the interest. I am starting to be glad I bought the thing!
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Moderator
 United States
23522 Posts |
quote: Originally posted by mitburke
Again, thank you for all the information. I will try to post pictures and measurements tomorrow, 4/22. I don't think I can get it done earlier than that. I aapreciate the interest. I am starting to be glad I bought the thing!
It's an interesting niche of numismatics, and there are folks out there who collect counterfeits. For that reason, there is a market for them, albeit a limited one.
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Replies: 9 / Views: 1,092 |
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