It was initially called the Commercial Dollar and then finally the name was changed to the Trade Dollar.A majority of them were minted at the San Francisco mint and were used in servicing trade with China. I thought I would see what you all think Genuine or a great fake ... from the 1700's ... and i like the dollar because it's big ... i know that's a stupid reason! As such, under US law, titled ownership is impossible: it is contraband and can be seized without a warrant. A lot of times counterfeiters get the obverse and reverse types mismatched, below we show how to catch those easily. The bank cannot let this out of their control. The Trade Dollar weighed 420 grains (.900 fine -- i.e. I get that. Most Mint State 1876-S trade dollars are in the MS-60 to 62 range, as reflected by the estimated population of 900 to 1,800 or more coins. X â¦ The best place to start is to use a magnet. This page also shows coins listed for sale so you can buy and sell. Not only 1834 Half Dollar Counterfeit, you could also find another pics such as 10 Mil, 1795 Silver, 1799 Draped Bust Silver, 100, 1803 Silver, 10, 1893 Morgan, 1796 Silver, 1876 Trade, Coins, 20, Silver Flowing Hair, Counterfeit Money, Counterfeit Currency, Counterfeit Bills, Counterfeit … You cannot paste images directly. I apologize for complicating things, but as a criminologist, I see numismatics somewhat differently. Fakes are worth zero. Here is a fake of the extremely rare 1796 With Pole half cent. BB-65, B-5. Counterfeit 1799 Trade Dollar Liberty Seated â CC â Reverse side. Just because some people - or a lot people - break the law is not your permission to join them. JD's Variety Channel 74,086 views Type: Draped Bust Dollar Year: 1796 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 79,000 [ Silver Content: 90% Silver Weight:.7735 oz. - Duration: 2:21. Didn't mean to offend anyone. 1796 Early Silver Dollar (1796 S$1) Large Date, Small Letter, NGC MS62. For those with a less educated numismatic eye, a good way to quickly spot the fake dollars and halves is to look closely at the edge. Did the bank take this "trade dollar" as a dollar? The coin is counterfeit. 1797 P Draped Bust Dollar All Varieties: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. Professional Coin Grading Service (PCGS) 1796 Draped Bust Dollar, Small Date Small Letters, PCGS MS65 – sold by Legend Rare Coin Auctions for $705,000, 10/8/2020 (PCGS Cert #25011756) 1907 High Relief-Wire Edge Saint-Gaudens Double Eagle, NGC PR69 – sold by Heritage Auctions for $660,000, 9/18/2020 Below you will find some tips on detecting fake trade dollars. It's important to study the coin series you collect or find images and authentic examples to make sure your coin isn't fake. For example, there were nearly 80,000 Draped Bust dollars minted in 1796 and more than 327,536 in 1798. You can also see one of the characteristic die scratches in the 99. Well, even though it is a fake, I will put it with the rest of the fakes I have and use them to educate others on Numismatic Forgeries and fakes! Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. ... A real 1796 Draped Bust dollar depending on type and condition has values from $1,300.00 to about $100,000.00. The US mint never minted a 1796 liberty flowing hair silver dollar they did in 1794 and 1795 so this is counterfeit as it was found on the internet on a different website but it did not tell me if there was any value to this coin. As you have no interest in the coin, it will be easy for you to walk away from it. 1796 die breaks at stars. Posted 08/08/2012 1:33 pm Yep this is a counterfeit. Yep, has to be a fake with that 8X7 star arrangement. is there still the odd market for them? This counterfeit at least looks like the portrait was done with some skill. He bought piece from some crook on Craig's List for $200. Here are some counterfeit die variations of trade dollars I've spotted. Many tellers do this. Any coin intended to be silver that is magnetic is automatically a fake, since silver is not magnetic. PhilCarr, March 23, 2011 in Fake Coin Forums. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. 1796 P Draped Bust Dollar All Varieties: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. It took 0.69 seconds to rattle this change. As you had mentioned the date looks incorrect and there was no reeding of edges for these coins. All known 1797 dollars were struck from just three pairs of dies and all such die varieties are notably different. Even ignoring the mushy strike and variations in design, the edge is all you need to look at to know it is fake. Scarce first-ever U.S. Trade Silver Dollar minted from 1873 - 1885. 1797 die crack across chest. Free shipping on many items | Browse your favorite brands | affordable prices. It is easily identified by its wire rim, which would not exist on genuine examples since genuine examples were struck without a collar. To me, that speaks to a need for training (which as a numismatist, I provide). ... Additionally, this die variety has a small date, small letters in the motto and is the rarest of all 1796 Draped Bust silver dollars 10 of 15 #6 1866 Proof Liberty Seated Dollar, No Motto . It is without a doubt a modern fake. The reverse side on this counterfeit coin has the same details as used for other counterfeit trade dollars with a different date on the obverse side. 1796 Posts. A great site on draped bust dollar fakes: Doesn't look even close to what it should look like. Perfectly round, as though struck in collar. However, thirty years later when several presentation sets of U.S. coins were needed for diplomatic gifts, the Draped Bust design was resurrected and dated 1804, as that was the last year the dollar coin had been struck. 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. So, that worked out well for him once a year or so over 25 years or so. If it sticks to the magnet in the coin machine, they just throw it away. One of the club members showed up to last Tuesday night's meeting with the same variety of Chinese 1796 silver dollar with the bust too far to the left. Silver Melt: $19.65 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $794, while one in certified mint state (MS+) condition could bring as much as $59,548 at auction. Found a 1797 trade dollar at the bank the other day. This page also shows coins listed for sale so you can buy and sell. A fake 1796 silver dollar recently acquired by Emery is not only magnetic, but bears the Flowing Hair design used in only 1794 and 1795, before the Draped Bust obverse was introduced in 1798. I tried comparing this to pictures I found online, but the only thing that seems to be off to me is the date, it looks too straight, like it doesn't follow the curve of the bottom edge of the coin. Draped bust is offset but the stars are correct. Flowing Hair Dollar Counterfeit/Fake Comparison The above is an image of an authentic Flowing Hair Silver Dollar, Small Eagle Reverse, and it's one of the top counterfeited coins. In the early 1870s, The Treasury Department decided to create a special coin for international commerce. I understand that often, banks do not care about numismatics as long as the accounts balance. Learning The Story Behind The Coin, Country Of The Day: Angola, Maria I Silver 1796 8 Macutas Graded NGC VF35, 2020 American Eagle Silver Dollar, What Do I Have, 1972 Different Obverse Plancent Positions, Walking Back In Time From 1600 To Antiquity By Decades (V2.0). Any insight? 90% genuine silver coin with clear protective holder and deluxe Display Box. The Philadelphia 1878 trade dollar was minted in proof only. Thank you! Trade dollars were issued by the US government for use outside the country, where local coinage was unavailable or unreliable. Those numbers donât reflect current population figures â those are much lower â but even still, 1797 Draped Bust dollars are generally scarcer than most other Draped Bust dollar issues. Don't tell me about eBay. The varieties can be distinguished by looking at both the size of the numbers in the date and the letters on the reverse of the coin. Get Talk Tokens for every Post!. A set of all three is not too hard to assemble. They have to destroy it, or turn it over to Treasury, or (perhaps) just keep it with their other mistakes. Paste as plain text instead, × I dont know much about these, but I would bet huge money that it is fake. It could be fairly argued that each of these three is a major design subtype, though I maintain that just two are subtypes and the thiâ¦ Get the best deals on 1796 Year US Early Dollar Coins (1794-1804) when you shop the largest online selection at eBay.com. I like the liberty coins (fav is a 1925 standing liberty quarter I found at work! Free shipping on many items | Browse your favorite brands | affordable prices. The 1885 Trade Dollar is one of the rarest issues in all U.S. coinage. How much would a nice yet fake 1796 Draped Bust Liberty Head Silver Dollar be worth on today's market? After the Civil War, clipper ships and newfangled steamboats sent U.S. traders sailing off across the world. I received my first fake 20 dollar bill! It is especially interesting that each of just three issues of 1797 dollars is of a readily apparent variation in the design. Your link has been automatically embedded. There are only 15 genuine 1804 dollar coins known to exist. This continued with the trade dollar of 1879 onward with the other two mints discontinuing production. Get the best deals on 1795 Silver US Early Dollar Coins when you shop the largest online selection at eBay.com. ... Amazon Second Chance Pass it on, trade â¦ It does not look authentic to me. Are there fakes out there? If you find a 1955 Doubled Die Obverse Lincoln Cent, you can balance your drawer with a cent from your own pocket. You "found" this "trade dollar" at "the bank." 1796 âReplicaâ off-center bust Of course, there are no off-center bust varieties for the year but here you have one complete with the âfangâ marks and stamped REPLICA. × You can post now and register later. Most of the 1797-dated dollars are believed to have been among the more than 300 thousand struck during 1798. Most Mint State 1876-S trade dollars are in the MS-60 to 62 range, as reflected by the estimated population of 900 to 1,800 or more coins. To her back stands a shock of grain. While the Mint struck dollars in 1804, all were produced from leftover dies dated 1802 and 1803, and no dollars were struck with the date 1804. A common issue: Although MS-64 and finer coins are fairly scarce, in MS-60 through MS-63 grades this is the third most common circulation strike trade dollar. Clear editor. Sorry. There are also a number of die scratches on the obverse to the east of Lady Liberty. The differences are not subtle. 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). :-(. 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