Gold & Silver Coin Investment vs Bitcoins. 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. Kennedy half dollars minted between 1965 and 1970 are made out of 40 percent silver. Therefore, once again, it cannot be real because it was never made. The following table lists the buy price (what you can expect to pay to a dealer to purchase the coin) and the sell value (what you can expect a dealer to pay you if you sell the coin).These are approximate retail prices and wholesale values. 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. A flaw was spotted next to the fifth star on the left of the date mark. Series of 1923 One Dollar Silver Certificate Value; Series of 1928 $1 Red Seal United States Star Note – Values and Pricing; Series of 1928 $1 Silver Certificate Star Notes ... A lot of confederate currency is actually fake. Image from Coins and Canada. The auction ended at $3.25, AND he wrote that it was fake. Also, small changes have been made to the design and layout. If your "silver dollar" is from 1965 or later, it's made of mostly a cheaper alloy or … 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. Precious metals, gold and silver, are on the move. The 40 % silver dollar is worth between 4 and 5 dollars melt value. They are worth a few dollars each. All Morgan Silver Dollar coins were originally struck by the United States Mint with .900 silver content and .10 copper. X Research source 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). 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. Any coins with a Carson City mint mark are worth $60 to $2000 depending on the condition. I seen these 5oz .999 pure silver panda coins up for auction. Previous counterfeit Morgan Silver Dollars have been identified with improper weights. The following coins are included in the VAM reference: There are numerous signs of a fake Morgan Silver Dollar. The melt value for a Morgan silver dollar is $9 to $11. 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). Thanks to all followers and soon more news to come. Poorly struck numbers in the date. 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. All half dollars minted in 1964 or earlier are made out of 90 percent silver. Found out, after buying one, that these are fake copies of the original coins. A complete historical record is provided in Dave Bowers' book The Rare Silver Dollars Dated 1804 and the Exciting Adventures of Edmund Roberts. Silver Coins © 2021. For example, many fake Trade Dollars are struck from silver and are the correct weight. Uncirculated and proof Kennedy half dollars are worth more than face value. Click here to search for 1776-1976 silver dollars on Amazon. Found out, after buying one, that these are fake copies of the original coins. As of . Silver Kennedy half dollars (1964-1970; 1976) are worth extra money. Type 2 dollars are identified by the details of Earth, above the eagle on the reverse side of the coin. Enter your email address and we will send you a link to reset your password. The 1923 silver dollar on the left is authentic and the Peace Dollar on the right is counterfeit. Question asked: I bought some coins from a street hawker and found out they are all fakes, 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. Since so many counterfeit 1928 Peace Dollars are, in fact, altered 1923 coins, it is particularly useful to know the Counterfeit Coin Detection diagnostics that are seen on legitimate examples. 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. 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. Further, silver investors buy them because they guarantee a content of one troy ounce of pure silver. 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 NGC cites the VAM reference as a good starting point to read up on known forgeries. It is not made of silver. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. © Copyright 2021 JM Bullion. Next to the outline of Florida there are no distinguishable islands on Type 2 Ikes. “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. 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. So, how can you spot a fake Morgan Silver Dollar? One of the most common are the misshapen letters “RIB” in the phrase “E Pluribus Unum.”. All Rights Reserved. Check the Chinese forgers inventories (follow the replica section) ... 1979 Dollar Coins Are They Worth Anything; 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. 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. 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. 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. In this case, there is also an obverse marker that gives this Morgan Silver Dollar away as a counterfeit. 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. The coins you have are valuable for their silver content and their numismatic (coin collecting) value. For this reason, it takes a trained eye to determine the authenticity. Silver dollar values are on the move. The value for each bill is around $30 in very fine condition. 1794 Silver Flowing Hair Dollar. Quite a bit higher than their bullion silver value. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. You … Ramon L. writes: While studying in Israel, I purchased a 1842 Seated liberty silver dollar at a small antique dealer store . The vast majority of these gold coins were melted down, leaving the remaining few as rarities for collectors. The 15 known 1804 silver dollars include eight examples of Class I, one of Class II, and six of Class III. U.S. fakes are technically illegal to own. A 1916 S silver Walking Liberty half dollar could be worth as much as $4,000. As you can see, the date, on the counterfeit has letters that are thinner than the authentic example on the right. 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. 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. As such, these coins are frequently counterfeit or altered from common Morgan dollars. The NGC and others maintain a list of known Morgan Silver Dollar forgeries that have come along. With regards to the 1804 silver dollar, it … The 1935 series is common. 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. It’s interesting to note that it is worth $37 if you melt it down for its components. You can measure the weight, thickness, diameter, and shape of four different coins (including the American Silver Eagle) using a tool called the Fisch . The 1893-O Morgan Silver Dollar counterfeit had a wide gap. Often the result of different fonts between the original coins and counterfeit coins. 1965 to 1970 means it's 40% silver. Aside from that, the coin had a granular texture and lacked sharpness despite its well-circulated appearance. To make myself feel better, I’ll assume that finding rare serial numbers is like winning the lottery. The 40% silver half dollars logically have less silver than their predecessors, totaling 0.1479 troy oz per coin, equal to about 4.6 grams ASW. The NGC spotted a very well-designed counterfeit Morgan Silver Dollar in a collection of the coins submitted for grading. Let’s go back in time two years before we look at the latest counterfeit Morgan Silver Dollar. There are six 1804 silver dollars in museums and nine in private hands. 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, … 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). There are counterfeit coins known from very rare and expensive coins, like the 1804 dollar and there are very good copies seen as well. 47.4k members in the Money community. Read up on this fake at these web sites: - Silver-Coins.org - About.com - Silvercoins.com Counterfeits are worth zero. Among the most commonly spotted are the following: The Carson City Mint and the Denver Mint are often given credit by counterfeiters for Morgan Silver Dollars they never struck in the first place. 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