Trade dollar fake

[Novapax]

One of my contact tellers brought in a trade dollar from the 1843 or something like that. Looked like it was real. She mentioned someone told her it was fake.

I tested it with a magnet and it stuck. So it turns out its a clad fake. Too bad.

 

[Gooseman]

Unfortunately there are as many fake trade dollars as authentic ones. Too bad


Jeff

 

[BuffaloBoy]

that is unfourtinate. If somebody could counterfeit a coin for less than it's value, it's being counterfeited, especially rare dates. I read somewhere but don't remember which coins... but there are like 3x more fakes out there than the actual authentic coins...

HH!

 

[santafeboy]

Always stay away from Trade Dollars and Seated Liberty Dollars ( unless you are dealing with a reputible and highly knowledgable seller ) These are some of the most common fakes among many produced by our " friends " in China

 

[jduck1987]

I have a stack of 12 fake Trade Dollars I got when I got a bag of Ike's. I couldn't believe what I was looking at when I first pulled them out, I went to look them up and realized they all had mint marks that did not exist for those years! Lesson to the Chinese, get a Red Book.

 

[fistfulladirt]

I'm afraid to run a magnet through my Morgans.

 

[chukers]

There are a lot of videos out there showing this stuff!

http://www.youtube.com/watch?v=plkYmX2tde0&feature=related

 

[OmegaMan]

That's to bad. I find a lot of Peace and Morgans that are fake.

 

[SFBayArea]

I'm afraid to run a magnet through my Morgans.

I recall a guy showed me a bunch of peace dollars he bought for $3 at a swap meet. Just the feel of them wasn't right. They were too light and weakly struck. Mostly likely fakes.

 

[Generic_Lad]

Yep, stay away from trade dollars unless you know the seller. Bought one for about the intrinsic value of a silver dollar at a flea market, figured why not. It wasn't until later on in the evening that I knew it was fake, why? Wrong rotation Ah well, lesson learned.

Interestingly though most of my fakes I've picked up don't stick to a magnet, I think they are made out of some sort of alloy of nickel silver or white-ish brass. They don't appear to be plated.

Either way, I find fakes somewhat interesting to collect, especially the poor ones.

 

[TheRockDoc]

I'm afraid to run a magnet through my Morgans.

The fake silver dollars I have seen do not stick to a magnet... Pretty sad that we even need to worry about that sh!t.