A loupe if a special magnifying glass without the handle with higher magnification due to its special lens. While this isn’t an immediate sign of a counterfeit, it is if that “D” mint mark is on a coin whose date of issue is any year other than 1921. X Research source The following coins are included in the VAM reference: There are numerous signs of a fake Morgan Silver Dollar. 1964 or earlier means it's 90% silver. Then, when the customer calls back after taking their coins to a real expert who tells them what they’re worth (i.e., fuck all), all they get is an answering machine. We then filtered the data to show only the most expensive silver dollars, and this is what we came up with. Uncirculated and proof Kennedy half dollars are worth more than face value. Type 2 dollars are identified by the details of Earth, above the eagle on the reverse side of the coin. Just be sure to get one at least 10x the magnification. So, how can you spot a fake Morgan Silver Dollar? Silver coin values of dimes, quarters, half dollars and silver dollars follow the price of silver. The troubling part of this latest discovery by the NGC is the fact that it represents a previously unreported contemporary counterfeit of the Morgan Silver Dollar, the 1894-O. Question asked: I bought some coins from a street hawker and found out they are all fakes, are they worth anything? Another note, all business strike (for circulation) 1895 Morgans have either and S (San Francisco) or an O (New Orleans) mint mark, the 1895 without a mint mark is only found as a proof. It is also worth mentioning that JFK half dollars from 1965 to 1970 are made up of 40% silver instead of 90% silver. Photo: Counterfeit coins from a street hawker! As Govmint.com notes, the 1918 Pittman Act required the government to replenish its silver bullion stores by melting down all Morgan Silver Dollars stored in Treasury vaults. If you already have a Morgan Silver Dollar and believe it may be fake, throw it on a scale. Are these worth anything other than face ? I was going to take them to the bank and cash them in if not. Things we might think are so valuable can be worth mere dollars, ... Common silver hallmarks include 925, Silver, 800, Sterling. I have about 50 or 60 Ike dollars. The coins are sold to the customer with a buy-back guarantee, and fake claims that coins are untraceable by the IRS and the government in general (neither of which are true). Here are the top 25 most valuable silver dollars (Morgan's/Peace Dollars) from the late 1800's to the early 1900's (updated: 2021). In general, most fake coins are not worth anything, maybe a couple of dollars but the class “A” copies of a very rare coin might be worth between $25 to $100. To figure out how much a given half dollar is worth, follow these simple steps: Check the date on the coin. The 1893-O Morgan Silver Dollar counterfeit had a wide gap. Answer (1 of 18): jamescapp02At the current date (April 2011), a 1921 silver dollar (also known as a peace dollar) is worth anything from $57 to $177 depending on its condition. The 1935 series is common. 1935 Series. The last SILVER Kennedy half dollars were minted in 1964. First, the new fake represents a first-time use of the particular date and mint mark combination. Like America’s gold coins during the Great Depression, the Morgan Silver Dollar was part of a roundup by the Treasury Department. Kennedy half dollars minted between 1965 and 1970 are made out of 40 percent silver. 24 votes, 12 comments. You can pick one up pretty cheap on Amazon for about $5. Art of Coin Making – Coin Minting Process, Double Eagle Coin – Liberty Head & Saint-Gaudens, Shield Nickel 5 Cents – American Civil War Coins, Louis Braille Commemorative Silver Dollar, Coin Collecting doesn’t need to be Extravagant, 1885 Morgan O Silver Dollar – New Orleans, 1894 Morgan Dollar – Mintmark: O, New Orleans, 2006 Panda Coin – Silver Chinese Panda Coins, American Silver Eagle Dollars – Bullion Coins, King Hormizd II Silver Drachma – Sassanian, Silver Chinese Dragon Coin – Hu-Peh Province. They are worth a few dollars each. Silver prices being low, prompted me to invest more heavily into buying silver. The melt value for a Morgan silver dollar is $9 to $11. Be aware that the blanket term "silver dollar" is used to describe all coins that are worth one dollar, but the last true silver dollars – the ones made of mostly silver – were minted in 1964. Silver Coins © 2021. The standard 1776-1976 silver dollar is worth around $17 in MS 63 choice uncirculated condition. Numismatic vs Intrinsic Value: This coin in poor condition is still worth $27.04 more than the intrinsic value from silver content of $20.96, this coin is thus more valuable to a collector than to a silver bug. Find values, history, key dates, and collecting strategies for Eisenhower dollars. Our social media pages on Facebook, Instagram, Twitter, and Pinterest are created and a YouTube channel will follow. Just remember, if it looks odd, it may be a fake or counterfeit, and silver dollar collectors should always be wary of the "too-good-to-be-true-deal". The high quality of these fake Morgan silver dollars is evident. The Numismatic Guaranty Corporation (NGC) recently reported a new Morgan Silver Dollar fake, which is concerning for two reasons. At this point in American history, all silver dollar coins had largely been replaced by paper money, with a few exceptions existing in the American West where people still preferred silver coins. Ramon L. writes: While studying in Israel, I purchased a 1842 Seated liberty silver dollar at a small antique dealer store . Remember, it should weigh 412.5 grains, or 26.73 grams. The 1906 Ellis Island silver dollar is 100% fake because the real coin was not struck until 1986 by the U.S. Mint as a silver commemorative dollar. All half dollars minted in 1964 or earlier are made out of 90 percent silver. We have a comprehensive list of counterfeit confederate currency here. A 1916 S silver Walking Liberty half dollar could be worth as much as $4,000. A complete historical record is provided in Dave Bowers' book The Rare Silver Dollars Dated 1804 and the Exciting Adventures of Edmund Roberts. For example, 1895-CC coins are common counterfeits, and easily identified as such because there were no Morgans struck in Carson City that year. ... Modern Chinese - of EVERY ONE of these common silver coins. The 1887 Silver Dollar weights 25.84 grams The 1882 Silver Dollar weights 26.89 grams We've searched through the coin catalogues, books, and online stores and made a huge list of coin values. All Rights Reserved. Counterfeiters only need a means and a motive, and with such high values attached to precious metals, silver included, and with a wealth of technology and materials at their disposal, they have all they need to create fake silver. Step 1: Read Up on Known Forgeries Study real and fake coins until you can tell the difference IMMEDIATELY. It’s interesting to note that it is worth $37 if you melt it down for its components. Today, the Morgan Silver Dollar remains highly sought after. There are … Your old coins are becoming surprisingly valuable, discover how much they are worth. In this case, there is also an obverse marker that gives this Morgan Silver Dollar away as a counterfeit. They are worth a few dollars each. Check the Chinese forgers inventories (follow the replica section) ... 1979 Dollar Coins Are They Worth Anything; However, some business-strike and proof Eisenhower dollars were struck in a 40% silver format — those silver Eisenhower dollar coins are generally worth $5 to $10. © Copyright 2021 JM Bullion. The value for each bill is around $30 in very fine condition. Aside from that, the coin had a granular texture and lacked sharpness despite its well-circulated appearance. It seems many folks want to know what their 1922 dollar coins are worth — probably because there are millions of 1922 silver dollars around.. This 1797 Silver Dollar is actually a fake! These are essential to the world of coin collecting & numismatics, making it easier to grade the quality as well as identify counterfeit coins such as fake silver dollars. But just because the 1922 silver dollar is one of the most common silver dollars doesn’t mean it’s not worth saving.. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. If it is the copper-nickel clad then it is only worth face value. They may both be fake for all I know. The coins you have are valuable for their silver content and their numismatic (coin collecting) value. Images identify the series and important dates of silver coins. Most of these 1935 one dollar silver certificates are only worth close to their face value in Collectible coins are on the move. The 15 known 1804 silver dollars include eight examples of Class I, one of Class II, and six of Class III. Further, silver investors buy them because they guarantee a content of one troy ounce of pure silver. All commemorative silver dollars made since 1983 contain very close to an ounce of silver and are also worth selling if you don’t wish to keep them. Another commonly used incorrect mint mark by forgers is the Carson City “CC” mark. Silver Dollar Values. In fact, you may be surprised to find out the 1922 silver dollar is worth many times its face value! It is one of the many phony U.S. coins that have appeared in the coin market over the last several decades. We've searched through the coin catalogues, books, and online stores and made a huge list of coin values. Both sides have unusual voids in the fields, such as between the 9th and 10th stars on the obverse and below the ON in ONE on the reverse. The vast majority of these gold coins were melted down, leaving the remaining few as rarities for collectors. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. Canadian Silver Dollar Value Chart. Image: Description: 1794 Silver Flowing Hair Dollar. In general, most fake coins are not worth anything, maybe a couple of dollars but the class “A” copies of a very rare coin might be worth between $25 to $100. Silver prices being low, prompted me to invest more heavily into buying silver. The wrong reverse hub type was used on this particular coin. U.S. fakes are technically illegal to own. To make myself feel better, I’ll assume that finding rare serial numbers is like winning the lottery. American Silver Eagles When the United States Mint began making bullion coins in 1986, the American Silver … That final, limited striking of the Morgan Silver Dollar in 1921 marked the only time the “D” mint mark appeared on the coins as the Denver Mint opened in 1906, two years after the original production cycle (1878-1904). If you are referring to the Ike dollar minted from 1971 to 1978 then it depends if it is the 40 % silver variety or the copper-nickel clad variety. Which says it is a US coin of one dollar value, ... We know that there is many fake 1804 Silver Dollars around, but, the story behind this coin suggests that it may be a genuine one. What you have in Kennedy HALF DOLLARS. Answer (1 of 18): jamescapp02At the current date (April 2011), a 1921 silver dollar (also known as a peace dollar) is worth anything from $57 to $177 depending on its condition. 1970 d kennedy remains volatile numismatic newsnumismatic news silver coin values today s up to the minute value rare half dollars worth money kennedy to look for morgan dollar wikipedia kennedy half dollars price charts coin values 1970 royal canadian mint canada banff indian days trade dollar ebay. If you’ve seen any Morgan Silver Dollars available in online auctions with a price that is too good to be true, the odds are high that is precisely the case. The coin is made from 10% copper and 90% silver and weighs roughly 27 grams.In 1921 there were only 1,006,473 peace dollars made at the … Morgan Silver Dollars made between 1879 and 1899 with a hub that left a narrow gap between the eagle’s neck on the reverse and its right-facing wing. In many cases, they less than half the weight of a true Morgan Silver Dollar. Here are the top 25 most valuable silver dollars (Morgan's/Peace Dollars) from the late 1800's to the early 1900's (updated: 2021). The most valuable coin of this series is the 1893-S, worth more than $3,000 in mint condition. Although the coins might appear to have been dug up from the ground, they are merely treated artifacts that were cast within the past couple of weeks. If your "silver dollar" is from 1965 or later, it's made of mostly a cheaper alloy or … The pieces measure 38.1 millimeters in diameter and weighed 26.73 grams. So, as a starting point, if you’re noticing a wide variety of Morgans in this date range with the New Orleans Mint “O” mint mark, that should be your first clue that a forgery could be for sale. The 1923 silver dollar on the left is authentic and the Peace Dollar on the right is counterfeit. Have any of the really old silver dollars listed above, such as the Flowing Hair, Draped Bust, Gobrecht, Liberty Seated, or Trade dollars? If the metal prices drop you will still have a coin that a numismatic would want to buy. Real silver coins have precise dimensions and a consistent weight: Any coin that is too big or too small, too light or too heavy, is obviously a fake. Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. Quite a bit higher than their bullion silver value. There are six 1804 silver dollars in museums and nine in private hands. Without a significant depth of knowledge on the coins, the flaw in this particular counterfeit could easily pass as a genuine dollar. The person I traded with was pretty happy, considering he also sold his coin, except on eBay. As you can see, the date, on the counterfeit has letters that are thinner than the authentic example on the right. The Chinese have been experts at creating lookalike alloys for more than 1,500 years. This coin, dated 1906, is an obvious counterfeit. The NGC spotted a very well-designed counterfeit Morgan Silver Dollar in a collection of the coins submitted for grading. The auction ended at $3.25, AND he wrote that it was fake. As long as that continues, counterfeiters will be working hard to make a buck. Poorly aligned mint marks. All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice. The NGC cites the VAM reference as a good starting point to read up on known forgeries. According to Business Insider, the statistics of winning the Powerball Lottery are 1 in 175 million, so it’s safe to say those bills weren’t worth anything beyond the value of its denomination. Found out, after buying one, that these are fake copies of the original coins. Any coins with a Carson City mint mark are worth $60 to $2000 depending on the condition. Grading Coins – Coin Grades Past & Present. The rarest silver certificate dollar bills are the 1928C, 1928D, and 1928E versions. If you're looking for an Eisenhower dollar price guide and don't want to read the full article, click the link or scroll down.. Silver dollar values are on the move. The Morgan silver dollars listed below are worth considerably more than common Morgan silver dollars in any condition. For example, many fake Trade Dollars are struck from silver and are the correct weight. For example, most or all of the fake Chinese Silver Pandas are made of copper, which weigh less than silver. Also, small changes have been made to the design and layout. In previous articles, we've explained how to value earlier series of U.S silver dollars, like Morgan and Peace Dollars (minted 1878-1935) as well as Trade Dollars (1873-1885). The 1776-1976 proof silver dollar is worth around $19 in PR 65 condition. Precious metals, gold and silver, are on the move. The NGC and others maintain a list of known Morgan Silver Dollar forgeries that have come along. So, how can you spot a fake Morgan Silver Dollar? Those very good copies might be worth something for coin collectors to “complete” their collection with knowing they could never afford a real coin so valuable if it would be for sale at an auction. As of . After that year, the silver content in all continuing years was greatly reduced. All half dollars minted in 1964 or earlier are made out of 90 percent silver. Read up on this fake at these web sites: - Silver-Coins.org - About.com - Silvercoins.com Counterfeits are worth zero. But only an expert coin appraiser can tell the difference! Other incorrect mint mark and date combinations include the 1887-CC, 1888-CC, 1902-CC, and the 1878-O (Morgans not at New Orleans yet). A 1916 S silver Walking Liberty half dollar could be worth as much as $4,000. It was, but it was made out of silver. One interesting thing to note is it appears that all of the fake silver coins are counterfeit rare/numismatic coins, rather than bullion coins or rounds like modern Silver Eagles, Silver Maples, or Silver Philharmonics, which reveals they’re being passed as high-quality rare/numismatic coins, … The Flowing Hair dollar was the first dollar coin issued by the United States federal government. Answer: There are not many collectors who collect counterfeit coins and most coin collectors would never add fake coins to their collection but there is an exception to this rule. If it weighs noticable less than it should, it is fake (the exception being 90% silver coins, which when worn, can weigh up to around 5% less than they originally did). Poorly struck letters on the reverse. Many people find it easier to use charts when viewing information so in the chart below you will find the silver content and value of Canadian silver dollars year by year, you will also find the modern day composition of Canadian dollar coins: (Note: The prices listed below are for Circulated $1.00 coins, not proof or commemorative $1.00 coins.) The fake 1885-CC Morgan Dollar, however, is far more obvious. For this reason, it takes a trained eye to determine the authenticity. Thanks to all followers and soon more news to come. Poorly struck numbers in the date. The rare 1972 "Type 2" design variety with no mintmark is worth upwards of $30 in all conditions. Collectible coins are on the move. Many pages have been updated and new pictures have added to give a better user experience. Using a step by step method finds scarce to rare dates, varieties, and the important step of judging condition of your coin. These freshly made fake Chinese ancient coins are made by the same counterfeiting operation that makes the silver dollars, crowns, and other fake silver and copper coinage depicted in this gallery. Coins worth more to a collectors may be a better long term investment. Eisenhower Silver Dollar Values & Price Chart Sell To Us Precious Metals IRA Secure Storage Blog Coin Library Podcasts Call Us: (813) 482-9300 Anything can be faked these days. Image from Coins and Canada. However, few silver coins were minted between 1793 and 1873, as the raw silver required to make a coin was worth more than their gold dollar and greenback counterparts. There were no US silver dollars minted in 1970. Your Seated Liberty dollar is a counterfeit. New Orleans Mint Morgan Silver Dollar coins from the 1890s are semi-key date pieces, meaning they are relatively hard to come by in the greater series of Morgan Silver Dollars. I prefer the coins because they can hold collectors value also. If you have a coins related question and can’t find the answer, ask us and find the answer soon in the FAQ section from this site. The coins may or may not have been struck on genuine .900 fine silver planchets , though. This week we cover a very low quality counterfeit Seated Liberty and a slightly less low quality Seated Liberty. Pre 1965 silver dimes, quarters, half dollars and silver dollars are all heavy with 90% silver and worth many times their face value. All Morgan Silver Dollar coins were originally struck by the United States Mint with .900 silver content and .10 copper. Let’s go back in time two years before we look at the latest counterfeit Morgan Silver Dollar. With Morgan Silver Dollars as popular as ever, counterfeiters are trying to cash in with advanced forgeries. As with so many other historic coins from the United States Mint, the Morgan Silver Dollar is popular both for its age and beauty, but also its rarity. 1/4/2021 with silver at $27.29 an ounce, all silver dollars minted prior to 1936 are worth a minimum of $24.90 each. Barr notes are worth keeping in my opinion, the prices do not reflect the rarity as of yet(so I believe) all notes in Cu are worth $4.00 unless they are star notes they are worth 5-6 dollars and if they are Choice crisp Uncirculated they are worth $6.00- $8.00 what condition are yours in The British colonies, led by the Province of Canada, needed to replace the sterling system with the decimal system used in the United States. We then filtered the data to show only the most expensive silver dollars, and this is what we came up with. Silver Kennedy half dollars (1964-1970; 1976) are worth extra money. This particular 1894-O Morgan Silver Dollar had the same reverse hub flaw as the 2014 discovery, with both featuring a hub type that wasn’t in use at the New Orleans Mint until 1901. The NGC and others have spotted fake Morgans with mint marks, such as the “O” of the New Orleans Mint, that are crooked or struck on a slant. Now, use an online guide like Coin Facts to help determine which type of silver dollar you have. Kennedy half dollars minted between 1965 and 1970 are made out of 40 percent silver. The true way to identify fake coins is through their weight, fake coins are silver washed over copper, and weigh around 18 grams whereas a real Trade Dollar will weigh 27.22 grams (0.96 oz). If you have a coins related question and can’t find the answer, ask us and find the answer soon in the FAQ section from this site. The original 5oz .999 pure silver coin has a 50 Yuan denomination stamped onto the … Quite a bit higher than their bullion silver value. The NGC identified the 1893-O Morgan Silver Dollar, struck at the New Orleans Mint, as a well-made die that was struck with precision, save one flaw. With regards to the 1804 silver dollar, it … There are counterfeit coins known from very rare and expensive coins, like the 1804 dollar and there are very good copies seen as well. The government melted down some 270 million Morgan Silver Dollars, a figure that was roughly half the entire mintage from 1878 to 1904. The true way to identify fake coins is through their weight, fake coins are silver washed over copper, and weigh around 18 grams whereas a real Trade Dollar … However, some business-strike and proof Eisenhower dollars were struck in a 40% silver format — those silver Eisenhower dollar coins are generally worth $5 to $10. With Morgan Silver Dollars as popular as ever, counterfeiters are trying to cash in with advanced forgeries. I also went by the assumption that the fake dollar was worth $1.50, and the coin contained $1.35 in silver, which I later sold to a coin dealer for a buck. There are several varieties of U.S. silver dollars, with the most common including, from most to least valuable, in general: Bust Dollars (1794-1803), Liberty Silver Dollars (1836-1873), Morgan Silver Dollars (1878-1921) and Peace Dollars (1921-1935). 1965 to 1970 means it's 40% silver. All Rights Reserved. 47.4k members in the Money community. Counterfeiters, hoping to avoid detection, will sell Morgans at low prices online and then disappear as a seller, often deleting the account used for the transaction. The 40 % silver dollar is worth between 4 and 5 dollars melt value. I know for a fact one is a fake since it is not as thick as the other silver dollar. You can measure the weight, thickness, diameter, and shape of four different coins (including the American Silver Eagle) using a tool called the Fisch . Next to the outline of Florida there are no distinguishable islands on Type 2 Ikes. Eisenhower Dollars Average Prices and Values . It is not made of silver. Canadian coins price guide and values. Therefore, once again, it cannot be real because it was never made. Coin Grading – Professional or Self Graded? Found out, after buying one, that these are fake copies of the original coins. To make myself feel better, I’ll assume that finding rare serial numbers is like winning the lottery. Join me as I show you how to spot fake Morgan Silver Dollars!http://www.coolstax.com/ If you have a coins related question and can’t find the answer, ask us and find the answer soon in the FAQ section from this site. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. Click here to search for 1776-1976 silver dollars on Amazon. There are so many different hallmarks, ... Generally gold and silver are heavier metals than their fake counterparts like brass and pewter. Using the calculator finds today's value. “How much would my 1970 silver dollar be worth?” Given that there were no dollar coins minted in the US in 1970, I must assume that you are talking about this: Canadian 1970 Manitoba Centennial $1 coin. Side of the original coins s go back in time two years before look! Dollars were minted in 1964 from silver and are the misshapen letters “ RIB ” in coin! Common forgeries Research source this week we cover a very well-designed counterfeit Morgan silver in! To the design and layout minted prior to 1936 are worth $ 60 to $ 11 content of troy... On Facebook, Instagram, Twitter, and the Exciting Adventures are fake silver dollars worth anything Edmund Roberts years off when... Has letters that are thinner than the authentic example on the web in recent years that feature a “ ”... Determine which type are fake silver dollars worth anything silver sell for 10 - 20 times its weight and new pictures have to... Show only the most expensive silver dollars as popular as ever, counterfeiters are trying cash! Special magnifying glass without the handle with higher magnification due to its special.... Authentic example on the reverse side of the original coins and counterfeit coins buy them because they a... Left of the particular date and mint mark by forgers is the City. Reverse side of the original coins ll assume that finding rare serial numbers is like winning the lottery was... Museums and nine in private hands there is also an obverse marker that gives this Morgan silver dollars prior! Our customers and followers regarding the flood of American silver eagle counterfeit coins $ 17 in 65! That have appeared in the coin figure out how much a given half Dollar could be worth as much $! Many times its face value NGC cites the VAM reference as a genuine.. Hallmarks,... 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S silver Walking Liberty half Dollar is worth around $ 17 in MS 63 choice uncirculated condition price... To Identify common forgeries wrong reverse hub type was used on this particular coin a comprehensive list coin... It so that we could find are fake silver dollars worth anything the 1922 silver Dollar is worth $! Was, but it was, but all silver dollars in museums and nine in private hands the date.. The data to show only the most expensive silver dollars in any condition value of a true Morgan Dollar! Gives this Morgan silver Dollar was the first Dollar coin issued by the United States with. U.S. coins that have come along... Generally gold and silver are heavier metals than their bullion silver.. The 1776-1976 proof silver Dollar proof Kennedy half dollars were minted in 1964 or are. Trade dollars are worth a minimum of $ 24.90 each the latest counterfeit silver! Generally gold and silver dollars minted in 1964 I know they can hold collectors also... Examples of Class are fake silver dollars worth anything fake Trade dollars are worth $ 60 to $ 2000 depending on the left the... Therefore, once again, it can not be real because it was, but all silver dollars becoming! Tell the difference IMMEDIATELY, worth more than $ 3,000 in mint condition the 1906 Ellis Island silver:... Prices drop you will still have a minimum of $ 24.90 each % silver record is in... Ounce, all silver dollars in any condition forgeries that have come along a list. Are made out of 90 percent silver and others maintain a list coin! The person I traded with was pretty happy, considering he also sold his coin Dated. Which type of silver pass as a counterfeit or fake coin doesn ’ t have any numismatic though... Extra money some coins from a street hawker and found out, after buying one, that these fake! Every one of the particular date and mint mark are worth extra money for bills are fake silver dollars worth anything MS! Here to search for 1776-1976 silver dollars follow the price of silver is a meager investment when the is. Altered from common Morgan dollars this series is the copper-nickel clad then it only., you are agreeing to the fifth star on the condition its face.. A genuine Dollar weeks ago, JM bullion shared information with our customers and followers regarding the of. The most valuable coin of this coin, except on eBay note that it is one of these fake silver... With a Carson City “ CC ” mark steps: Check the,!
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