Gatorboy, You can quell this debate VERY EASILY. First, if it is a contemporary period CFT, it's probably worth more than the real deal. Take your detector and the coin outside and put it on the ground. Now that it's extracted from the ground you should get a 90+ reading. Weight should be around 13 grams, plus or minus from what has been lost from it. I understand silver turns black, NOT only from salt water conditions, but also from being in the ground for long periods. The problem 1/2 of us have, is the chipping or flaking of the coin. As Kuger said, and I agree, I've never seen silver flake or chip, unless it's been alloyed with other metals, or plated. It may pit, or corrode, but not flake away. This would be a new one on me, but would like to be sure. Counterfeiters were very savy, especially good ones. They could take 2 real coins, melt them down, and make 3 with the right die, and alloyed metals. Making them as close in weight and diameter as possible. So if you have 50 or 60% silver content still in the coin, (hence your blackened color), they can still turn a 50% profit on all three. Upon making thousands of CFT,s.....The profit is enormous. 2 yrs. ago, my brother in-law, dug the most beautiful 8 real you ever want to see. But something wasn't quite right. The weight was different, and it made a funny sound when dropped. (there were also other differences with the coin) A coin in this condition, if regal, would sell between 75-100 on EBAY. But because it was a great looking, WELL MADE, contemporary CFT., he sold it to a fellow C-4 member for $225. I'm not totally convinced that it's CFT, but not totally convinced it's real either. Only you can tell us what you find in testing it. You have alot of knowledgeable people on here trying to figure this one out. Great Find! Hogge