As more and more investors enter the physical precious metal market, many find themselves wondering what direction their investments should take. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. What is the value of an 1804 silver dollar coin that has copy printed on the tail side? These are properly marked with the words “copy” or “replica” and are not intended to fool the buyer into thinking that they are buying a genuine 1804 Bust silver dollar. This amount is subject to change until you make payment. Even where the word copy is used, some coins may claim to have value they may not actually have. Many U.S. dollars were shipped overseas or melted for their high intrinsic value. 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. View cart for details. This in and of itself does not make it a bad investment; it’s just letting you know it is not legal tender. 1 pc United States Coins 1804 Draped Bust Brass Silver Plated Dollar Copy Coin by KENNEWICK. Page 1 of 1 Start over Page 1 of 1 . This makes it easy to spot a fake as any wear at all would be an obvious tell that it is a fake coin. The $3,877,500 paid for the 1804 silver dollar includes a 17.5 percent buyer's premium. The trademarks and registered trademarks are property of their respective owners. That is simply not true. Some businesses in China, however, produce unmarked imitations of pre-1950 United States coins and sell them online. With regards to the 1804 silver dollar, it was never a circulated coin. Replica coins are a dicey minefield that novices investing in physical precious metals are better served avoiding. Terminology    Privacy Policy    FAQ    |    Facebook    Google    Instagram    Youtube    Twitter Copyright © 2021 Scottsdale Bullion & Coin. At the same time more investors move into the market, there seem to be an increasing number of pitfalls for them to avoid. It is often difficult to distinguish between genuine U.S. coins and replicas. We will look at what they are, how to spot them, what you need to know about them and why it may be wise to just avoid them altogether. 4.7 *The information contained on sbcgold.com has been prepared by Scottsdale Bullion & Coin for informational purposes only. The Lady Liberty silver dollar from 1794 and 1807. When you see these words, you have spotted an ad for replica coins. What about purchasing bags of “scrap metal”? Image sources: usmint.gov, coincommunity.com, examiner.com, Scottsdale Bullion & Coin 14500 N. Northsight Blvd. Collecting physical silver, gold and other precious metals is a great way to diversify your holdings. To avoid counterfeiting issues, most replica coins are produced larger than the genuine version, but they also may also be produced smaller. The 1804 Draped Bust dollar is one of the most famous coins in the world. Trade Dollar Design. An 1804 Draped Bust is the most desired silver dollar and has been studied extensively. (Redirected from 1804 silver dollar) The 1804 dollar or Bowed Liberty Dollar was a dollar coin struck by the Mint of the United States, of which fifteen specimens are currently known to exist. 1889-CC Morgan Dollar Design Copy. Please consult with a professional who may specialize in these areas regarding the applicability of this information to your individual situation. Replicas need to be distinctively different from the original however, to not be considered counterfeit. Thus, identifying an 1804 counterfeit can be quite straight forward. Genuine United States coins will always feature the denomination of the coin like “Half-Dollar” or “Dollar”. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. Customers also shopped for. For additional information, see the Global Shipping Program, This amount includes applicable customs duties, taxes, brokerage and other fees. $40.00. All rights reserved. After purchasing this lot, I found a 1804 Flowing Hair Silver Dollar. From 1803 or 1804 to 1834, no silv… The 1804 electrotype dollar also bears the word "COPY" on the reverse of the coin between the Some replica coins are produced so well, you have to look very closely to distinguish it is in fact, a replica. It is not intended to provide, and should not be relied upon for; investment, legal, accounting or tax advice. What makes replicas even more difficult to spot is the fact that unless the original designer copyrights the design, any coin may be copied. For additional information, see the Global Shipping Program, 1804 Liberty Bust Dollar 2oz .999 Pure Silver - COPY H19010 w/COA & Box, Draped Bust Silver US Early Dollar Coins (1794-1804), Draped Bust US Early Dollar Coins 1794-1804, Draped Bust 1795 Year Silver US Early Dollar Coins (1794-1804), Draped Bust 1798 Year Silver US Early Dollar Coins (1794-1804), Draped Bust 1799 Year Silver US Early Dollar Coins (1794-1804), PCGS US Early Dollar Draped Bust 1794-1804, 1795 Year Draped Bust US Early Dollar Coins (1794-1804), 1799 Year Draped Bust US Early Dollar Coins (1794-1804), 1802 Year Draped Bust US Early Dollar Coins (1794-1804). The electrotype coin was struck on copper and then plated with silver. Something went wrong. 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. {"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}}. Available from these sellers. These are actually official Mint-made reproduction copies of the Unique 1804 Draped Bust Silver Dollar Restrike of the Class II (Class 2) type. After much research, I now understand that odds are high it isa fake, however, it is not stamped "COPY". 1804 Bust Dollar Head. As the auction results prove, collectors are willing to pay millions of dollars to obtain one of these treasured silver dollars. Seller assumes all responsibility for this listing. $35.00. The Hobby Protection Act requires that all imitation coins and other numismatic items be permanently marked with the word “COPY”. Is it Fake? The 1804 Silver Dollar is considered by many to be the “King of American Coins.” With only 15 of the original coin known to be in existence, this beautiful Silver round is a great way to own a replica of this fantastic coin. ... Draped Bust Silver US Early Dollar Coins (1794-1804), Some of the underlying copper can be seen on the surface of the coin. This will always provide a safety net of value, and for novices in particular, that safety net can be very valuable. When you see coins advertised in newspapers, magazines or online, look for trigger words like “tribute coins”, “adaptation”, “reproduction”, or some other clever description like “magnification”. If you reside in an EU member state besides UK, import VAT on this purchase is not recoverable. $45.00. Above is an example of a fake 1895-CC Morgan Dollar, and it has the same appearance as the other fake silver dollar images, with disproportionate letters/numbers; notice the 9 in the date. This means that the 1804 silver dollar is extremely rare with very few legitimate copies. United States and many other countries Draped Bust Dollar (1795-1804) - Coins for sale on Collectors Corner, The Collectibles Marketplace, where you can buy safely from the world's top Coins dealers. These “miniature” versions are still replica coins. Proof Commemorative. Several even more rare strikes were issued and given to several prominent figures around the world. $294.69. If any silver dollars were minted during the year 1804, those probably would have been dated 1803. Genuine United States coins will always feature the denomination of the coin like “Half-Dollar” or “Dollar”. In total, only 15 specimens are known to exist. By tradition, all are categorized as “Proofs.” They are certainly not business strikes. What should you consider about commemoratives coins and replica coins (reproduction coins)? #204 Scottsdale, AZ 85260 Get Directions, Local Phone: 480-459-5597 Toll-Free: 888-812-9892. For more information on adding precious metals to your portfolio visit SilverTowne… You can be certain that every 1887-CC Morgan dollar is counterfeit because the Carson City mint did not make any silver dollars in 1887 including 1886 and 1888. According to the website Silver Coin And, a few were minted in 1834 and 1850 and they were made for diplomatic gifts rather than actual circulation. Replicas however will generally replace those words with some sort of product description like “.999 fine silver” or “giant proof”. But what makes these 1804 dollars … Add this 1 oz Silver round to your cart today. There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). The word COPY should be your clue. Dollar Town Commemorative. Bust Dollar Design - 3. Other commonly counterfeited dollars are the 1887-CC Morgan dollar, and Trade dollars dated 1799 or 1872. After 1800 silver dollars began to disappear from circulation. The 1804 Dollar Replica 1oz.999 Silver Medallion is a SilverTowne IRA Approved Product. Proof Commemorative. Also, no 1895 CC Morgan Dollars exist, and only proofs were struck from Philadelphia so no mint mark types exists! Popular . U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. I am not wealthy, I am comfortable and do not necessarily need to sell this coin. This amount is subject to change until you make payment. 1804 United States Silver Dollar . They just need to follow the rules against counterfeiting and those in the National Coin Hobby Act. The 1804 U.S. dollar is one of the most publicized rarities in the entire series of U.S. coins. Thankfully, the U.S. Mint recognizes the confusion and provides resources to help investors, including a side-by-side comparison chart of common reproductions. 1 Troy Ounce .999 Fine Silver (Marked on Edge) 1889-CC Morgan Dollar Design Copy. Free shipping. - YouTube Only coins minted by the U.S. Mint itself are legal tender. Each strategy has its advantages and disadvantages, depending on what your short and long term goals may be. Should you invest in rare coins? What year does the 1804 dollar have stamped on the obverse? These replica 1804 Bust silver dollars are designed to simply allow people a chance to own something which closely resembles the rare 1804 Bust silver dollar. Replicas however will generally replace those words with some sort of product description like “.999 fine silver” or “giant proof”. Coin replicas are coins that are minted to look like an original. Although the National Coin Hobby Act states that imitation coins must contain the word “copy”, coins are being produced in China without concern for the regulations. Bullion and numismatic coins will always at least maintain the value of their precious metal content. Are pre 1964 silver coins worth investing in? 1.0 out of 5 stars 2 ratings. This coin is a rare American Treasure. All jokes aside the 1804 Dollar is a Numismatics dream. Study the images of real silver dollars. My Silver Coin has "COPY" Stamped on it! $45.00. This may get your attention: any business can produce U.S. coin replicas. Related: 1795 silver dollar 1804 bust silver dollar 1804 silver dollar us 1794 silver dollar 1805 silver dollar 1804 silver dollar copy 1913 liberty nickel 1804 liberty dollar 1798 silver dollar 1796 silver dollar The full history of this fascinating coin did not come to light until more than a century after its actual creation. Flowing Hair Dollar Design. The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. To us, that seems like very good advice. 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. Any coin with 1804 stamped on it is more likely a fake than real. Widely noted as the King of American coins, 1804 Draped Bust dollars are the poster child of United States rare coins and represent the holy grail of collecting for many hobbyists. 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. I am curious how I should go about validating this coin as real or fake. |, This amount includes applicable customs duties, taxes, brokerage and other fees. This shopping feature will continue to load items when the Enter key is pressed. Many consumers believe that when they see a coin advertised that looks like an American coin, it must have been minted with some backing or endorsement of the U.S. Government. Here we will specifically address the issue of coin replicas. What type of bullion should you buy? Copyright © 1995-2021 eBay Inc. All Rights Reserved. The U.S. Mint itself will not comment on the present or future value of replicas as collectibles, and in fact, defers those considering investing in them seek out the services of a trusted coin dealer. The 1804 silver dollar has been christened "The King of Coins," and duly so, as it is one of the rarest and most prestigious American coins ever minted. As much as I love the daily calls inquiring about how much the 1795,1796, 1804, 1848-CC, the ridiculously large Washington Head dollar (my favorite) and other wonderful rarities are worth, I have decided it is time to put this stuff out there so many of you can quickly discern whether your coins (that you most likely bought for $25 with a vision of selling for $250,000) are real or counterfeit. It is better for a novice to buy gold and silver bullion or invest in numismatic coins. To help illustrate the differences, I have attached a fake coin (upper image) and a genuine one (lower image) here from PCGS. It takes a person experienced in these replica gold coins or replica silver coins to determine any true value. Proof. 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. 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Or fake & coin for informational purposes only same time more investors move into the market, there seem be... Page 1 of 1 it takes a person experienced in these replica gold coins or replica silver to...