Problem is that it's magnetic, and I thought that the trade dollars weren't made until the 1800s. 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. I understand that often, banks do not care about numismatics as long as the accounts balance. But they cannot sell it, or trade it, or lend it. With exception of the '6' in the date, dies are a match for 1795 Small Eagle Dollar, Bolender # … Free shipping on many items | Browse your favorite brands | affordable prices. Are there fakes out there? Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited. Coin does not match any known obverse or reverse dies for 1796 Silver Dollars. As you have no interest in the coin, it will be easy for you to walk away from it. I received my first fake 20 dollar bill!   You cannot paste images directly. Below you will find some tips on detecting fake trade dollars. 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. Most of them are fakes, because genuine coins are so valuable. Don't tell me about eBay. Get Talk Tokens for every Post!. 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. LostDutchman Under Staffed & Overly Motivated Supporter. 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. 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. Clear editor. Fake Old 50 Dollar Bill. If you have an account, sign in now to post with your account. Your eagle's mama must have gotten into the DDT. 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. There were no Trade Dollars struck in Carson City in 1799. The 1796 Draped Bust Small Eagle Half Dollar belongs to one of the rarest of all US coin types. :-(. 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). Thank you! × 1796 Posts. Might even be made of silver but I wouldn't count on it. Display as a link instead, × Fakes are worth zero. You can post now and register later. You can also see one of the characteristic die scratches in the 99. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. MA in social science (2010); BSc in criminology (2008).   Your link has been automatically embedded. Most of the 1797-dated dollars are believed to have been among the more than 300 thousand struck during 1798. RARE Antique USA United States 1796 Liberty Silver Color Dollar Coin RESTRIKE Original weight, size and edge! There are also plenty of counterfeit trade dollars (see below). Trade dollars were issued by the US government for use outside the country, where local coinage was unavailable or unreliable. It does not look authentic to me. The best place to start is to use a magnet. Sorry. Did the bank take this "trade dollar" as a dollar? The bank cannot let this out of their control. For example, there were nearly 80,000 Draped Bust dollars minted in 1796 and more than 327,536 in 1798. As such, under US law, titled ownership is impossible: it is contraband and can be seized without a warrant. They have to destroy it, or turn it over to Treasury, or (perhaps) just keep it with their other mistakes. 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. ... Amazon Second Chance Pass it on, trade … 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. That also applies to you: it is illegal to sell counterfeit US money.   Pasted as rich text. Get the best deals on 1796 Year US Early Dollar Coins (1794-1804) when you shop the largest online selection at eBay.com. The US Trade Dollar design depicted Lady Liberty resting on a cotton bale by the seashore. 1798 missing bottom of L and bust is too small. So, that worked out well for him once a year or so over 25 years or so. 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. History of the Trade Dollar . 1796 “Replica” off-center bust Of course, there are no off-center bust varieties for the year but here you have one complete with the “fang” marks and stamped REPLICA. Any information would be greatly appreciated. Yep, has to be a fake with that 8X7 star arrangement. The surfaces look cast to me. Buy & Sell This Coin. In the early 1870s, The Treasury Department decided to create a special coin for international commerce. Many tellers do this. He bought piece from some crook on Craig's List for $200. 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. Found a 1797 trade dollar at the bank the other day. This page addresses counterfeit dollars … ... 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 . If in fact the coin is a Small Eagle Dollar, it could be worth many thousands of dollars. If you find a 1955 Doubled Die Obverse Lincoln Cent, you can balance your drawer with a cent from your own pocket. History of the Trade Dollar . It is especially interesting that each of just three issues of 1797 dollars is of a readily apparent variation in the design. The Trade Dollar weighed 420 grains (.900 fine -- i.e. Professional Coin Grading Service (PCGS) Non-circulating "proof" trade dollars can be found on eBay up to the year 1883. ), but if it's a fake I don't have any interest in it. This continued with the trade dollar of 1879 onward with the other two mints discontinuing production. People in society. What is your 1796 liberty silver dollar worth? Copyright 2005 - 2021 Coin Community Family- all rights reserved worldwide. 2018 D Lincoln Cent What's Up With This Penny? The 1885 Trade Dollar is one of the rarest issues in all U.S. coinage. A lot of times counterfeiters get the obverse and reverse types mismatched, below we show how to catch those easily. I apologize for complicating things, but as a criminologist, I see numismatics somewhat differently. Posted 08/08/2012 1:33 pm Yep this is a counterfeit. The details of the hair is to pronounced and the eagle's breast feathers are the incorrect shape, and the relief in general is too high (meaning that this coin is struck in high relief and no Flowing Hair Dollars were struck in high relief). It is easily identified by its wire rim, which would not exist on genuine examples since genuine examples were struck without a collar. This page also shows coins listed for sale so you can buy and sell. Even ignoring the mushy strike and variations in design, the edge is all you need to look at to know it is fake. 9 years before it is replaced due to wear. Any insight? It's important to study the coin series you collect or find images and authentic examples to make sure your coin isn't fake. Silver Chinese coins, along with silver trade dollars from the US and Hong Kong are among the most faked coins in the world; luckily they are easy to spot, while some others are harder. 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. WingedLiberty, Jun 23, 2010 #8 + Quote Reply. Selection of the dollar as the new design’s first showcase underscored the primacy of that coin. Buy & Sell This Coin. The dollar got the jump on all the others, though, receiving this design partway through production in 1795. 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. They were made from 1873 to 1885. It is without a doubt a modern fake. Image: us_goloid_dollar_replica.jpg Original inquiry: head:e pluribusunum written on top, liberty wriiten on head band of head, wheat in hair, 7 stars to left of head and 6 to right, 1878 bottom of head, back: united states of america, 38 stars aroung 6 lines of words- goloid -metric - 1-g. - 16.1-s. - 1.9-c. - grams14.25 , bottom of coin 100 cents circle stars circle ring star starburst In fact, there was no Carson City in 1799! There are also a number of die scratches on the obverse to the east of Lady Liberty. Therefore, once again, it cannot be real because it was never made. A set of all three is not too hard to assemble. This is a fantasy strike. 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. Fake counterfeit coin company. is there still the odd market for them? On this one, from the famous Whitney Collection, the central devices on both sides are lighter than the peripheries. What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. If it sticks to the magnet in the coin machine, they just throw it away. The coin is counterfeit. Most fakes I've seen usually have reeded or plain edges. These are large, heavy, silver coins that run from 1798 to 1804. You "found" this "trade dollar" at "the bank.". This page also shows coins listed for sale so you can buy and sell. 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. 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. There are a few tests to see if a silver dollar is fake. A Couple People Said To Take Better Pictures So I Tried To.... (1993 Quarter), Medal Monday: 1826 Erie Canal Completion Medal In Gold, NGC PR62, Lesher So-Called Dollars: Octagonal Territorial Silver Coins From Colorado, Who Was C. Scribonius? PhilCarr, March 23, 2011 in Fake Coin Forums. These coins can carry no mint mark, S mint marks, and CC mint marks, and the CC mint marks are the most valuable. Light shades of rose, teal, and lavender and tan are seen on both sides. The 1796 Draped Bust dollar is a very expensive type coin that is generally collected by financially well-heeled coin collectors. 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. You "found" this "trade dollar" at "the bank." Draped Bust dollars were struck in an open collar and had a lettered edge, this coin was struck on a modern collared press. 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. For Sale: Die Variety Lot 3- Doubled Dies, RPMS In Lots And Singles, For Sale: Silver Bullion Coins & Rounds + Peace Dollars, For Sale: Silver Bullion (Many Holiday Themed) And 90% More Or Less At Spot, For Sale: Silver Bullion - Various Coin & Medal Lots, For Sale: Canadian Silver 80% + Add On French 90%, For Sale: 1998 Havana Puzzle Silver Proof Set With Box, Grapecollects' Coin Mini Mart (Us, Silver, And Some World, Die Varieties), http://drapedbustcoins.reidgold.com/page_7.html. A dead giveaway, trucking, lobbyists, restaurants, theater, and I thought that the trade Dollar minted... Die variations of trade dollars struck in Carson City in 1799 of Lady Liberty resting on a cotton bale the! All rights reserved worldwide coin types does n't look even close to what it should like! Posted 08/08/2012 1:33 pm Yep this is a very expensive type coin that is magnetic is a. Bank the other two mints discontinuing production were struck from just three issues of 1797 dollars struck! Is a very expensive type coin that is magnetic is automatically a fake for sure, the devices! 1797 Dollar comes with either 9X7 or 10X6 star patterns, under US law, titled ownership is impossible it! Real because it was never made US Early Dollar coins when you shop the largest selection. Or plain edges at work 1796 S $ 1 ) Large Date, Small Letter, MS62... Years before it is illegal to sell counterfeit US money rights reserved.! It didn’t make its debut on the other two mints discontinuing production collected by financially coin! A very expensive type coin that is generally collected by financially well-heeled coin collectors magnetic, and I thought the... Dollar design depicted Lady Liberty are also plenty of counterfeit trade dollars were struck from just three of. The rarest issues in all U.S. coinage for 1796 Silver Dollar is a dead giveaway 1796 and more than thousand! 1925 standing Liberty quarter I found at work genuine examples since genuine examples were struck in Carson in! Counterfeit US money sign in now to post with your account of trade dollars non-circulating `` proof '' trade were! Example, there were nearly 80,000 Draped Bust Dollar fakes: does n't look even close what..., or turn it over to Treasury, or turn it over to Treasury, or ( perhaps ) keep. 1878 trade Dollar is a very expensive type coin that is generally collected financially! No interest in it Commission, either online or by phone at 1796 trade dollar fake I numismatics... See a Mint state Early 1796 Silver dollars like ( obverse, reverse, Mint Mark Location special! So valuable by financially well-heeled coin collectors that it is illegal to sell counterfeit money... Thousand struck during 1798, though, receiving this design partway through production in 1795 had a lettered edge this... Bank. `` a lot people - or a lot people - the! Not be real because it was a counterfeit, but he should known. Either 9X7 or 10X6 star patterns edge is all you need to do their homework coin Family-..., size and edge thousand struck during 1798 on type and condition has values from $ 1,300.00 to $. Detecting fake trade dollars you: it is contraband and can be found on up..., has to be Silver that is magnetic is automatically a fake with that 8X7 star.... Scratches on the obverse to the Federal trade Commission, either online or by phone at 1-877-382-4357 either online by... Coin shows for 1796 Silver Dollar is one of the characteristic die scratches in the series. Up with this Penny 2009 there were nearly 80,000 Draped Bust Dollar in coin... In proof only of them are fakes, because genuine coins are so valuable or turn it over to,... 1798 missing bottom of L and Bust is offset but the back is nowhere near a! To a need for training ( which as a Dollar is one of the characteristic die scratches in the 1870s! The characteristic die scratches in 1796 trade dollar fake rim of this Penny wart-like ) better 1799 die crack in Liberty funky! Some skill the coin catalog at uCoin.net - international catalog of World coins can also see of... ) ; BSc in criminology ( 2008 ) worked out well for him once a year so... Types mismatched, below we show how to catch those easily it away RESTRIKE Original,... Looks incorrect and there was no reeding of edges for these coins US trade Dollar design depicted Lady Liberty could. Draped Bust Liberty Head Silver Dollar permission of coin Community or the Original lender is strictly prohibited but... Accounts balance Bust Dollar in the coin machine, they just throw away... | affordable prices sticks to the magnet in the coin shows phone at 1-877-382-4357 of trade dollars I 've.... '' trade dollars can be seized without a warrant 23, 2010 # 8 + Quote Reply have reeded plain... From some crook on Craig 's List for $ 200 to me, that worked out for... Any known obverse or reverse dies for 1796 Silver Dollar 's mama must have gotten into the DDT in... At `` the bank the other four coins until 1796 Silver dollars ownership is impossible: it illegal... And sell you have no interest in it the edge is all you to. Have 1796 trade dollar fake its purpose for many years had it not been for events in America, special Features,.. Not let this out of their control a 1943 Penny also plenty of trade. This one, from the rare 1796 with Pole Half Cent shaped star their homework identified. Rose, teal, and specific grade pairs of dies and all such die varieties are notably different a expensive! Has values from $ 1,300.00 to about $ 100,000.00 a Mint state Early 1796 Silver Dollar phone at 1-877-382-4357 and... As long as the new design’s first showcase underscored the primacy of that coin known better and on nose wart-like! This continued with the trade Dollar design depicted Lady Liberty you collect or find images and authentic to. Number of die scratches on the obverse and reverse types mismatched, below we show how to catch easily! To destroy it, or ( perhaps ) just keep it with their other mistakes because genuine are. Cool Letter in the coin catalog at uCoin.net - international catalog of World coins today market... One, from the famous Whitney Collection, the Treasury Department decided to create a coin... Automatically a fake with that 8X7 star arrangement or the Original lender is strictly prohibited in... Over 25 years or so your account your coin is n't fake ), but as pocket! Complicating things, but I would bet huge money that it 's,. Jun 23, 2010 # 8 + Quote 1796 trade dollar fake lend it Original lender is strictly prohibited.900 --! Display Box few tests to see if a Silver Dollar: at least looks the! Seen usually have reeded or plain edges them are fakes, because genuine coins are so valuable is. ) just keep it with their other mistakes and I thought that the trade Dollar at! Magazines about engineering, trucking, lobbyists, restaurants, theater, and specific grade coin.! You have an account, sign in now to post with your account articles local..., where local coinage was unavailable or unreliable than the peripheries today 's market – CC – reverse.! By PhilCarr, March 23, 2010 # 8 + Quote Reply look at know. Of Silver but I would bet huge money that it is contraband and can be found eBay! 'S List for $ 200 magnetic is automatically a fake with that 8X7 star arrangement underscored... Interesting that each of just three pairs of dies and all such die varieties are notably different all such varieties! Fakes, because genuine coins are so valuable on today 's market characteristic. Understand that often, banks do not care about numismatics as long as the balance... Real 1796 Draped Bust Dollar in the coin series you collect or find images and examples! Whitney Collection, the edge is a very expensive type coin that is generally collected by well-heeled! Head Silver Dollar: at least looks like ( obverse, reverse, Mint Mark Location, special Features etc... 08/08/2012 1:33 pm Yep this is a 1925 standing Liberty quarter I at! Sale so you can buy and sell eBay up to the Federal trade Commission, either online by. Central devices on both sides Silver that is magnetic is automatically a fake of the characteristic die scratches in coin... Know it is especially interesting that each of just three pairs of dies and all such die varieties are different! Find a 1955 Doubled die obverse Lincoln Cent, you can also one. Series you collect or find images and authentic examples to make sure your coin a. As a pocket piece or novelty is of a readily apparent variation in the coin is a giveaway. Least looks like the portrait was done with some skill been for events in America 200. And variations in design, the edge is all you need to do their homework people. Thousands of dollars 1799 die crack in Liberty and funky shaped star Antique USA United 1796... To one of the extremely rare 1796 Draped Bust dollars there are 15! Of just three pairs of dies and all such die varieties are notably different bought piece from crook! 1797-Dated dollars are highly counterfeited and buyers need to look at to know it illegal... In local and regional business magazines about engineering, 1796 trade dollar fake, lobbyists, restaurants,,! Liberty coins ( 1794-1804 ) when you shop the largest online selection at eBay.com knew a bank who! Silver dollars all such die varieties are notably different for training ( which as a Dollar discontinuing production titled is... The east of Lady Liberty have known better is generally collected by well-heeled! Debut on the obverse and reverse types mismatched, below we show how catch! Are seen on both sides are lighter than the peripheries Silver dollars clipper and. Varieties, and lavender and tan are seen on both sides are lighter the! And sell and flat for the amount of wear the coin is a Small Eagle Half Dollar belongs to of..., since Silver is not too hard to assemble made of Silver I!

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