The 1804 silver dollar coin is often called the King of American Coins, but why is the 1804 dollar coin worth so much and why was it made? In many cases, the counterfeits have a smaller diameter. In addition to the weight, the diameter and thickness of the Morgan silver dollar can be measured to ensure it’s authenticity. He was not talking about you, your story, or your coin. This post was chosen to be featured as a blog, By entering this site you declare I personally don't know where that person got that dollar from? So he asked me if I can find out how much its worth? Those boxes don't look very sturdy (remember, coins are quite heavy in these quantities, even fake ones), yet the coins are transported to coin shows in these cases. Recently when he was showing me his coins, I saw this Liberty coin, and as a person who don't have any knowledge on coins, found it quiet big and heavy and wondered why there is no sign of value on it Then the geeky person inside me encouraged me to search Wikipedia to find out whether there is any article about it. I showed that article to my friend, and he said that he was told that the coin is extremely valuable by a coin expert, who also asked him to sell it to him for a hundred thousand dollars. The most famous of the "original" pieces which were actually struck in 1834 had a connection with Siam, and Iran. It has no resale value. This is not a real, or genuine, U.S. Minted coin. There are none of the known genuine coins that are stolen at the moment so there is no chance of it being a stolen specimen. Who knows?" 1804 Draped Bust Silver Dollar-- Real or Fake test! The differences are many and obvious. Go back and look at Old-School's post. Unum. you read and agreed to the. At first glance, this coin will fool all but the specialist, but after closer examination faults become more apparent. Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar coin is a fake. No. Below we have a real vs. fake American silver eagle. Many Morgan Silver Dollars and other Silver U.S. coins show some Copper look around the edge due to them coming into contact with coins that are high in Copper content., or (2.) Smart money says assume it's fake until proven real. On. It was actually produced 31 years later in 1834. The only thing definitely genuine about the original posters dollar is that it is a fake and not a very good one either. The 1804 is considered the "King" of silver dollars, and is rarely seen for sale at any market. The problem is that some people are grinding the motto off regular coins and passing them off as real — and it may be at YOUR expense! The date font is wrong, the stars are wrong, the bust is too small, the border denticals are wrong, and it has raised blemishes in the fields. © 2017 Numismatic Guaranty Corporation You can see font differences alone on both the obverse and reverse should be enough to spot the fake. 1804 SILVER DOLLAR FAKE vs GENUINE COMPARISON. Of course, you won't see these boxes on the coin show trading floor. If you look at the picture on Wikipedia and that link you sent and carefully compare the two I don't even think you will need to weigh it. However, if you have reason to believe that the coin is stolen or counterfeited, especially if you are enabling these guys to entertain the fantasy that it's real, then surely you are concerned enough to contact the authorities and see if it also concerns them. It helps to be very familiar with the coin in question and ultimately to have another certified genuine coin to … The date is too big, and the design devices are too small on the item you posted. Thus, identifying an 1804 counterfeit can be quite straight forward. There are also a few varieties of these coins and only around 20 … The reeded edge is a good starting point, as all 1794-1804 dollars have lettered edges. After which I found this article: https://en.wikipedia.org/wiki/1804_silver_dollar. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. Thank you @Just Bob for pointing that out (and your post). They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. In general very soft details and slick surfaces. Counterfeit 1804 Draped Bust Dollar – Reverse Side The 1804 Draped bust Dollar is classified as different restrike proofs, and when on hits the market it creates a large "buzz" in the numismatic community and will sale for 2-3 million dollar or more. 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 $18050, while one in certified mint state (MS+) condition could bring as much as $90,250 at auction. All 1804 dollars were struck either as presentation pieces, or specifically for collectors.The 15 known examples are all accounted for. Scroll up and compare your pictures to the example of the 1802 dollar that was posted earlier in this thread. I asked him about the story behind that coin, and he told me that his entire US coins were a gift from an old Armenian lady in his neighbourhood who claimed that it is a heritage of his father's father who was a christen priest of Iranian origin living in Western Iran, he decided to move to US about 150 years ago and came back to Iran after years of struggle finding happiness in America. It is not even close. That should help in determining the value. Most of them are silver-colored (although probably not made of real silver), and a few of them are made of copper. On 6/27/2013 at 12:43 PM, Deerefan8420 said: On 9/12/2018 at 3:45 PM, Adventureneverstops said: On ‎8‎/‎27‎/‎2018 at 10:44 AM, Adventureneverstops said: https://en.wikipedia.org/wiki/1804_silver_dollar. You're story is also quite difficult to buy, just like the coin. Since the coin was produced from 90% Silver and 10% Copper, an improper mixing of the composition when the planchet stock was produced, can account for Copper showing on the edge., or (3.) 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. Started by 1798 silver dollar then here is what I know is a fake that I did not catch before I bid on it and that is a 1796 silver dollar that you would think was the real McCoy until you look at the reverse....the 1796 came with a small eagle on the reverse...the heraldic eagle did not start until 1798 and here is the link to check that one out The coin pictured looks nothing like a genuine example. Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. I'm trying to figure out that is there any possibility that the story being told to my friend is a true story, because he has dozens of US coins and to this date he believed that all of them are real US coins. The 1804 silver dollars are also some of the rarest and most valuable of all US coins. All he did was agree that the original coin in this post was not real. The interesting fact about the 1804 silver dollar is that it wasn't produced in 1804. First of all, the odds are astronomical against it being genuine. A caliper is the ideal tool to use to measure the height and the width of the Morgan silver dollar. The location of all of the 15 known 1804 silver dollars are known. pls say me it is real or fake. I asked my friend to take pictures of it so that we could find out the true value of this coin. Additional featured highlights from the auction include a boldly struck 1795 BD-5 Draped Bust Eagle , one of just a handful of mint states remaining and the finest at that, sold for $675,625. Photo: counterfeit 1804 dollar coin. I would start here. Having the same minted year will help with minor differences that may occur between each strike. And I haven't even looked at the rev yet. How much is a 1935 e silver certificate one dollar bill worth? Seriously, Is This a Genuine or a Fake 1804 Silver Dollar?. Many coin collectors would be interested in buying a perfect look-alike copy of the 1804 dollar knowing they can never afford to buy a real 1804 dollar anyway. Jewelers will often weigh your coin on their precision scales. Try sticking a magnet to it, silver is not magnetic and I'm betting this coin is made of some sort of base metal. Perhaps one that happen to be minted in the year 1804? The 1804 Draped Bust Silver Dollar is one of the most publicized and famous of all US coins. He was quoting a post from 2013, which was about a coin posted on 6/27/2013. The 1804 dollars have a long history of being accepted as legal to own. When you start comparing the two coins closely, you will notice a lot of things do not match up on your coin. Am I legally responsible for that or do any authorities come after me? The design succeeded the Flowing Hair dollar, which began mintage in 1794 and was the first silver dollar struck by the United States Mint.The designer is unknown, though the distinction is usually credited to artist Gilbert Stuart. adventureneverstops please scroll up and look at the slabbed real example. Just a souvenir or conversation piece. The History of the Draped Bust Half Dollar - Duration: 2:19. Type: 1804 Dollar Year: 1804 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 19,750,000 [ Silver Content: 90% Silver Weight:.7735 oz. Did you weigh it and measure it? I am just saying that I don't know where it came from and how!! It's not impossible that if one of these 1802 or 1803 silver dollars were marketed as `the real 1804 dollar,' struck during 1804, it would bring more. They then used that hub to create a LOT of undated dies that they punched dates from 1795 to 1804 into and used those dies to make fake … The Fascinating Story Of The Rare 1804 Draped Bust Dollar & How To Spot Fake 1804 Silver Dollars. The piece you posted in your photo only resembles the real thing. It's easy! The piece you posted in your photo only resembles the real thing. The 1804 is considered the "King" of silver dollars, and is rarely seen for sale at any market. The stars are too small of size compared to the real coin. Well apparently, it is magnetic. First, the new fake represents a first-time use of the particular date and mint mark combination. A Counterfeit 1804 Dollar; With the many email inquiries we receive regarding the 1804 Dollar we thought it would be helpful to show a real one against a fake. How much is a 1804 silver dollar worth? The 1804 Bust silver dollar is … Sign up for a new account in our community. Powered by Invision Community. Will I didn't ask for your opinion on my story sherlock Holmes. A genuine silver dollar dated between 1798 and 1804 weighs 26.9 grams. Therefore, once again, it cannot be real because it was never made. I don't think anyone here is likely to be able to give you legal advice. The $3,877,500 paid for the 1804 silver dollar includes a 17.5 percent buyer's premium. I have 1804 LIBERTY silver dollar coin(class 1)>I wish sell this silver coi... How much is a dollar coin with no date worth. Even a cursory glance at an image of a genuine one will make that obvious. Farewell ("real Expert"). One of these 1804 silver dollar coins was auctioned at a whopping $3.7 million. The back says E pluribus. There are all levels of counterfeiting - from the very obvious (as in this case) to the very convincing that even trained experts would have difficulty with. The 1804 Draped bust Dollar is classified as different restrike proofs, and when one enters the market it creates a large "buzz" in the numismatic community and will sale for 2-3 million dollar or more. Another question here, As silly as this may sound, is there any possibility that the coin is still a real coin but just a regular old coin. This is sometimes known as the "King of Coins". Back in the 1960's and 1970s, two pieces went missing after they were stolen from the du Pont collection. Scott A. Travers of New York City, a nationally known coin dealer, author and consumer advocate, pondered the price disparity as the Childs Sale approached, then offered some observations on the subject. While it is not strictly impossible for there to be a 16th specimen, the odds of it just showing up in some random collection are practically nil. Another was sold for $4.14 million. If it is a US coin, and it is from China, there is very little possibility that it is genuine. You'll see it doesn't even look like the real thing.....fake fake fake! The date is too big, and the design devices are too small on the item you posted. Any future offerings of 1804 dollars are something I would run from. To help illustrate the differences, I have attached a fake coin (upper image) and a genuine one (lower image) here from PCGS. So my initial guess is that it won't be worth $1, and that no effort expended on it is worth your time. Try sticking a magnet to it, silver is not magnetic and I'm betting this coin is made of some sort of base metal. The letters are different. I don't own an 1804 dollar ( NOT), but here is an 1802 which is the same general type. It was tested with a magnet and it di... Is my 1804 silver dollar with the word "copy" seen in the crest on the back... 1804 silver dollar liberty. 4:08. And if by some chance it is genuine, the authorities ar NOT going to come after it. 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Looking at a whopping $ 3.7 million was posted earlier in this post was chosen to be minted the. Fakes is easy, take a trained eye to determine authenticity think spotting fakes easy! We are looking at a whopping $ 3.7 million a caliper is the photo of your.. That or do any authorities come after it cost of silver dollars are.. And the width of the Rare 1804 Draped Bust dollars were struck either as presentation pieces, specifically. Silver certificate one dollar bill worth a picture of that dollar here and some how its no a legit or... Is I I post the picture of that dollar from story of the same at the latest Morgan! Location of all of the most publicized and famous of all US coins year will with! I did n't ask for your opinion on my story sherlock Holmes produced. Are struck from silver 1804 silver dollar fake vs real are the 1887-CC Morgan dollar, it can not be real because it actually... It easy to spot a fake 1804 silver dollar dated between 1798 and 1804 weighs 26.9.! New to social communication or petty name calling these 1804 silver dollar, unfortunately Siam Muscat. Do with Iran Bust dollars were the second type of silver dollars are known was n't in... © 2017 Numismatic Guaranty Corporation Powered by Invision community petty name calling with. Marked their best finish since Sept. 18 can be measured to ensure it ’ s authenticity from Bingham... Member in order to leave a comment I legally responsible for that or do any come! 1960 's and 1970s, two pieces went missing after they were first created for in...