), but if it's a fake I don't have any interest in it. This page also shows coins listed for sale so you can buy and sell. Thank you! Professional Coin Grading Service (PCGS) 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. This page also shows coins listed for sale so you can buy and sell. How much would a nice yet fake 1796 Draped Bust Liberty Head Silver Dollar be worth on today's market? If it does not have a lettered edge, it's fake. There are also plenty of counterfeit trade dollars (see below). The best place to start is to use a magnet. There are only 15 genuine 1804 dollar coins known to exist. It's likely that all or many of these coins were dated 1795 or 1796, since the Mint could not afford to discard usable dies. 1797 die crack across chest. 9 years before it is replaced due to wear. 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. I received my first fake 20 dollar bill! Fakes are worth zero. As you had mentioned the date looks incorrect and there was no reeding of edges for these coins. The above is an image of a counterfeit 1794 Flowing Hair Silver Dollar, Small Eagle Reverse, and this coin looks too good to be authentic. In all, just 7,776 Draped Bust dollars were made in 1797, which is a relative drop in the bucket even when compared to other issues in the Draped Bust dollar series. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. ... 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. 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. The coin is a fake.I've heard of some asian counterfeiters that minted trade dollars with the year of 1797; this is probably a similar specimen. is there still the odd market for them? The red line does the same for our Rare Coin Values Index , which is based on the performance of 87 rare US coins, which were selected to represent the spectrum of scarce United States coins. RARE Antique USA United States 1796 Liberty Silver Color Dollar Coin RESTRIKE Original weight, size and edge! BB-65, B-5. I like the liberty coins (fav is a 1925 standing liberty quarter I found at work! From the rare 1796 draped bust dollars there are six varieties. The surfaces look cast to me. For example, there were nearly 80,000 Draped Bust dollars minted in 1796 and more than 327,536 in 1798. I get that. The Philadelphia 1878 trade dollar was minted in proof only. Light shades of rose, teal, and lavender and tan are seen on both sides. On this one, from the famous Whitney Collection, the central devices on both sides are lighter than the peripheries. The 1796 Draped Bust dollar is a very expensive type coin that is generally collected by financially well-heeled coin collectors. "Lack of enforcement is not endorsement." $10,016,875.00 WORLDS MOST EXPENSIVE RARE COIN WORTH BIG MONEY (10 MILLION) IT'S NOT A 1943 PENNY! Worth - USA 1 dollar 1795-1798, Draped Bust Dollar in the coin catalog at uCoin.net - International Catalog of World Coins. Just because some people - or a lot people - break the law is not your permission to join them. 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. The first is to match up the details with a known authentic coin. It does not look authentic to me. A lot of times counterfeiters get the obverse and reverse types mismatched, below we show how to catch those easily. 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. 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. They were made from 1873 to 1885. Draped bust is offset but the stars are correct. There are a few tests to see if a silver dollar is fake. But they cannot sell it, or trade it, or lend it. I apologize for complicating things, but as a criminologist, I see numismatics somewhat differently. The prices, though high from the perspective of most coin collectors, are probably more understandable when taken in the context of the relative scarcity of 1796 Draped Bust dollars and, really, all early American dollars. The coin is counterfeit. Counterfeit 1799 Trade Dollar Liberty Seated â CC â Reverse side. Here are some counterfeit die variations of trade dollars I've spotted. 1796 Draped Bust Small Eagle Silver Dollar (G-4 Condition) The blue line above charts the percent increase in value of the 1796 Draped Bust Small Eagle Silver Dollar since Year 2000. 1796 die breaks at stars. There are also a number of die scratches on the obverse to the east of Lady Liberty. The bank cannot let this out of their control. 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. The bank actually didn't know about it. Get the best deals on 1796 Year US Early Dollar Coins (1794-1804) when you shop the largest online selection at eBay.com. The Trade Dollar weighed 420 grains (.900 fine -- i.e. Get Talk Tokens for every Post!. Fake counterfeit coin company. Below you will find some tips on detecting fake trade dollars. 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 90% genuine silver coin with clear protective holder and deluxe Display Box. He has owned the Eliasberg 1884 and 1885 Trade Dollars, the finest known 1870-S Liberty Seated Silver Dollar, two different 1913 Liberty Nickels and an assortment of other rarities. Also, there are hundreds of polishing lines and toolmarks in the obverse fields, and the … The Trade Dollar might have achieved its purpose for many years had it not been for events in America. 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. Buy & Sell This Coin. Hello, I came across this coin in a larger collection that I bought a while ago, I need to know if it is real or not. Paste as plain text instead, × If you find a 1955 Doubled Die Obverse Lincoln Cent, you can balance your drawer with a cent from your own pocket. Any information would be greatly appreciated. I understand that often, banks do not care about numismatics as long as the accounts balance. 1796 Posts. Artificial toning. 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! Any insight? They have to destroy it, or turn it over to Treasury, or (perhaps) just keep it with their other mistakes. What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. LostDutchman Under Staffed & Overly Motivated Supporter. I dont know much about these, but I would bet huge money that it is fake. does this happen a lot? Draped Bust dollars were struck in an open collar and had a lettered edge, this coin was struck on a modern collared press. ): There were a few major varieties of the 1796 Draped Bust Silver Dollar. Trade dollars were issued by the US government for use outside the country, where local coinage was unavailable or unreliable. Your previous content has been restored. Posted 08/08/2012 1:33 pm Yep this is a counterfeit. 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