A mint mark on a coin identifies the U.S. Mint facility that produced the coin. Here are the top 25 most valuable silver dollars (Morgan's/Peace Dollars) from the late 1800's to the early 1900's (updated: 2021). Many U.S. dollars were shipped overseas or melted for their high intrinsic value. Silver Melt: $20.62 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $1025, while one in certified mint state (MS+) condition could bring as much as $33,273 at auction. {"modules":["unloadOptimization","bandwidthDetection"],"unloadOptimization":{"browsers":{"Firefox":true,"Chrome":true}},"bandwidthDetection":{"url":"https://ir.ebaystatic.com/cr/v/c1/thirtysevens.jpg","maxViews":4,"imgSize":37,"expiry":300000,"timeout":250}}, Costume, Occasion & Specialized Clothing, Shoes & Accessories, Virtual Reality Headsets, Parts & Accessories, Sports Memorabilia, Fan Shop & Sports Cards. Obsolete Bank Notes. In 1834, two special proof sets were produced as gifts for the King of Siam and Sultan of Muscat. Why The 1804 Draped Bust Silver Dollar Was Made. We've searched through the coin catalogues, books, and online stores and made a huge list of coin values. Strike – This refers to how the coin was circulated. but where there is money trading hands, there will always be fakes, frauds, and counterfeits. It is allegedly a portrait of a Philadelphia socialite. I venture to say that there’s thousands of fake and counterfeit silver dollars in existence, but most are obvious fakes. Side Refine Panel. After 1800 silver dollars began to disappear from circulation. Type: Draped Bust Dollar Year: 1800 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 220,000 [ Silver Content: 90% Silver Weight: 0.7735 oz. 4.5 out of 5 stars 45. USA Coin Book Estimated Value of 1800 Draped Bust Silver Dollar (10 Arrows Variety) is Worth $1,174 in Average Condition and can be Worth $26,571 or more in Uncirculated (MS+) Mint Condition. $39.99 $ 39. The reverse side features a bald eagle. Luster – The amount of shine a coin has can determine its value. Not only is it interesting to see the types of coins people used in the past, but it can also be a good investment. This is a bad counterfeit coin. The production of the Draped Bust silver coin began in 1795 and lasted through 1807. Grading should be professionally done by a company that specializes in this service. Color – Coins that have maintained their color have a higher value. The US minted beautiful silver dollars in 1865, but they did not use this pattern. A genuine silver dollar dated between 1798 and 1804 weighs 26.9 grams. How about this one? 2014 Morgan Silver Dollar Fake. All the coins that circulated in America up until 1835 were produced by the Philadelphia Mint, and they do not have a mint mark. Arkansas Treasury Warrant $1 Apr 28, 1862 # 128346. BeiQian Best Morgan Silver Dollars-(1804-1926) Coin Collecting-Silver Dollar USA Old Original Pre Morgan Dollar goodService 1921 3.8 out of 5 stars 755. There seems to be a problem serving the request at this time. However, these 1804 silver dollars were actually dated 1803 or earlier! Preservation – Scratches, corrosion, and other damage can lower the value of a coin. The 1800 "Dotted Date" Draped Bust Silver Dollar features a die defect around the date - particularly around and within the first "0". There seems to be a problem serving the request at this time, {"modules":["unloadOptimization","bandwidthDetection"],"unloadOptimization":{"browsers":{"Firefox":true,"Chrome":true}},"bandwidthDetection":{"url":"https://ir.ebaystatic.com/cr/v/c1/thirtysevens.jpg","maxViews":4,"imgSize":37,"expiry":300000,"timeout":250}}, Costume, Occasion & Specialized Clothing, Shoes & Accessories, Virtual Reality Headsets, Parts & Accessories, Sports Memorabilia, Fan Shop & Sports Cards, Slide {current_page} of {total_pages} - You May Also Like. I have been studing the coin for some time now,reading everything I could fined including the The United States Early Silver Dollars, by Bolender. Alabama State of Alabama $100 Jan 1, 1864 # 834. This George Washington coin has the pattern of a modern quarter, and was obviously produced as a novelty or for some type of promotion. 1 - Peace Silver Dollar Mid-1920's Dated Dollar Extra Fine or Better Dollar XF or Better. One of the 1st we saw was an 1802 example from an internet venue back in early 2018. For example, many fake Trade Dollars are struck from silver and are the correct weight. All the coins produced by the Philadelphia Mint either do not have a mint mark or they have ‘P’ as the mint mark. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. The weight of an uncirculated Morgan silver dollar is 26.73 grams. 99. I didn't realize there actually were fake Seated Liberty dollars going around. The finest example of the 1804 Class I silver dollar appeared at auction in 2016 and garnered a bid of more than $10 million but did not meet reserve and thus did not sell. Philadelphia was the only Mint in the country until 1835 when Congress added three more Mints and authorized the use of mint marks. Therefore, the condition of the coin will determine its value. She had a fake 1800 Bust Dollar, which I posted yesterday and found out it was a fake. Dollar production stopped altogether in 1804, and the next generation did not have a current circulating dollar coin until a brief artistic renaissance came to the Mint in 1836, led by Christian Gobrecht. A small bald eagle was featured from 1795-1797 and was replaced by a larger Heraldic Eagle from 1798-1804. FIVE WAYS TO SPOT A FAKE COIN. Major U.S. silver dollar mintings include the Flowing Hair, Draped Bust, Seated Liberty, Morgan, and Peace designs. The mint mark is one of three elements that can determine the value of a coin. To begin with, the weight of counterfeit Morgan silver dollars differs from the standard specifications. Shop by Category. Jewelers will often weigh your coin on their precision scales. The front is ok at best but the back is nowhere near being a "good" counterfeit. Silver dollars are among the coins that often have counterfeits due to their potential value. 19,570 Bust silver dollars have been reported in United States Mint records from 1804. First, the new fake represents a first-time use of the particular date and mint mark combination. 1 - Peace Silver Dollar Mid-1920's Dated Dollar Brilliant Uncirculated US Mint. This resulted in blobs and dots all around the number - and so this coin is classified into it's own variety. Another level of counterfeit early dollars has been hitting the internet and TPG’s over the past several years. This is another coin from the same widow who's selling her late husband's collection. Draped bust … C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. Let’s go back in time two years before we look at the latest counterfeit Morgan Silver Dollar. 1799 Drapped Bust Silver Dollar Real or Fake ???? The other two are the date the coin was produced and the condition of the coin. If yours weighs more or less than 26.9 grams, it's a counterfeit. Dollars; Early Dollars (1794-1804) Gobrecht Dollars (1836-1839) Seated Liberty (1840-73) Trade Dollars (1873-85) Morgan (1878-1921) Peace (1921-35) Eisenhower (1971-78) The grading scale for a coin goes up to 70. We then filtered the data to show only the most expensive silver dollars, and this is what we came up with. With regards to the 1804 silver dollar, it … However, to untrained eyes, most people don’t realize the difference between authentic and counterfeit silver dollars. About eight years ago the chinese counterfeiters got a genuine 1795 dollar that had some distinctive contact marks and they used it to create an undated hub. Below are 14 ways on how to spot fake silver eagles, bars, and bullion. But I have found hardly anything writen about the lettering on the edge.The size is … A Genuine 1804 Dollar; 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. Many fake Trade Dollars for example are struck from silver and are the correct weight and take a trained eye to determine authenticity. The 1804 was never a circulated coin so any wear at all would be a tell from the start where its concerned. They used the famous Seated Liberty design as shown at this CoinQuest link. The Lady Liberty silver dollar from 1794 and 1807. The silver dollar features Lady Liberty on the obverse side. California Wells Fargo $20 Jan 11, 1871 # 370455 The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. Click here to Learn How to use Coin Price Charts. Collecting old coins is a fun hobby for many people. Posted on December 20, 2016 Counterfeit, or “fake”, coins are pesky inevitables in the world of coin collecting but there are a number of tips suggested by the Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Services (PCGS). By focusing your coin purchases to certain coins from a particular era like the 1790 silver dollar, the liberty 1794 coin, the liberty 1797 United States of America coin, or the 1804 liberty coin, you can enjoy the benefits of this hobby. Get it as soon as Mon, Jan 11. 1800 Silver Early Dollars; Skip to page navigation. Five criteria are used to grade a coin. The Lady Liberty Flowing Hair silver dollar was only produced from 1794 to 1795 and is considered one of the rarest coins in America. Also, click here to Learn About Grading Coins. Congress established the current U.S. Mint in 1792. A good way of quickly identifying a fake is the get a precise weight in grams. If you have an 1804 dated, Draped Bust Silver Dollar, in your possession, and it doesn't have the word COPY stamped on it's surface than it's a counterfeit. This is what the Heritage Auction's commentary, in part, reads. The Lady Liberty Flowing Hair silver dollar was only produced from 1794 to 1795 and is considered one of the rarest coins in America. Here are a few of my methods in determining if a silver dollar is real or not before you buy it. 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 bust dollars. If you have purchased some silver and can’t get rid of that little voice in your head that keeps saying what if they are fake silver coins …. Most replica coins weigh substantially less. Therefore, once again, it cannot be real because it was never made. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. 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. Grading a coin determines its condition, which is important for a coin's valuation. Morgan Dollar. An example closeup image of the dotted date is depicted below: Before buying the silver dollar, it is vital to ensure it is not a counterfeit. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. For this reason, it takes a trained eye to determine the authenticity. FREE Shipping by Amazon. Filter (2) 1800 Silver Early Dollars. Help us close this case. Q. David Bowers: The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993).Note: the Notable Specimens list should be used with caution - it has been updated in my 2013 edition of "The Encyclopedia of United States Silver Dollars 1794-1804." Popular Types Of Silver Dollars. Authentic Morgan silver dollars may also weigh less than the standard specs if they have been in circulation and have some wear. $10,000 everything is fake. Counterfeit 1800 Draped Bust Dime By Max Spiegel – Numismatic Guaranty Corporation (NGC) …… Spurious Chinese Counterfeit 1800 Draped Bust Dimes are now starting to … 4.4 out of 5 stars 63. $100,000 everything is fake. These are: The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. Modern coins in regular circulation do not use real silver the way old coins did, so they are a good investment for any collector of coins. Perhaps the two most familiar coins for collectors, though, are the Morgan dollar and the Peace dollar. A coin that is graded as 70 is considered flawless. There are so many different types of coins that you can add to your collection that it can be overwhelming. Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. Coins can be commercial, commemorative, or proof. 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