are fake coins worth anything

So, how can you spot a fake Morgan Silver Dollar? 1914 Wheat Penny D. This tiny penny ranks third in this select group of pennies worth money. to 250 B.C.E. CLEANING RUINS VALUE. Incorrect mint marks i.e. Buy & Sell. Thanks to all followers and soon more news to come. Unlike commemorative coins that are typically pieces of a base metal thinly plated with gold or silver, rare coins are intrinsically valuable because they are made from pure precious metals and few have been left in circulation. Nothing on the fake coin comes close to the sharpness and high definition of the genuine coin. 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. Additionally, many coins have intricate designs or textures that are associated with that particular coin and its series. Should I get my coin collection appraised? This most basic of tests is surprisingly effective: Simply drop a (non-numismatic) silver coin that you know to be real on a table and listen for the distinctive “ping” sound — this is very difficult to fake. Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar coin is a fake. Analysis of the metal content showed the coin had a .918 silver fineness, above the US Mint standards for a silver circulation coin of the age. Coin Value Price Chart for Replicas and Reproductions General. It is a … Silver Coins © 2021. This practice was certainly not acceptable in those countries that were the victims of this fraud. For example, a 1907 Saint-Gaudens in good condition may sell for around $1139 or close to the current price of gold. I also went by the assumption that the fake dollar was worth $1.50, and the coin contained $1.35 in silver, which I later sold to a coin dealer for a buck. 1887-CC, 1888-CC, 1878-O, 1902-CC, or any Morgan with a D mint mark other than the 1921, are but one problem when it comes to counterfeits, but it's the most easiest to discern once you know the appropriate dates and mint marks combinations. The earliest coins date from 600 B.C.E. 2 - Surfaces: The overall appearance of the fake coin looks un-natural. I once saw a bag of 1000 “Great Britain Sovereigns”. Coin Hunter automatically processes sales data for each coin, the 200 most recently sold coins matching the coin name in the 50p coin category are used. It has no resale value. A counterfeit or fake coin doesn’t have any numismatic value though it’s gold or silver can be extracted by assay. The makers of those tiny pennies and 3-inch pennies mean no harm. How much Replicas and Reproductions General are worth. For example, the Beirut Mint in Lebanon and some mints in Latin America made counterfeits of European and United States gold coins in the early part of … There haven't been any recent sales on eBay though, so it's uncertain how much … Now these error coins could be potentially worth hundreds. Sometimes the fake ones are obvious: Like the very small and very large 1877 Indian Head pennies. Since the coins they were reproducing were essentially “trade units” they rationalized that they were making their gold into recognizable entities and therefore acceptable for trade. The value of a Saint-Gaudens $20 Coin can vary significantly based on the coin’s mint year and overall condition. There are counterfeit coins known from very rare and expensive coins, like the 1804 dollar and there are very good copies seen as well. The coins from 1962 to 1963 are worth from 100 to 200 € and a piece of 100 lira coins from 1964 to 1967 can be worth about 50€. Visit a jeweler and get an exact weight for your coin. A 100 lire piece from the year 1957 to 1961 have a value that can reach 600€. You are then less likely to be fooled by a fake. If it is not between 15 and 19 grams, it's a fake. In fact, of the coins circulating today, most are worth only face value. We can also help value coins, but IT IS STRICTLY AGAINST OUR RULES to … Then, when the customer calls back after taking their coins to a real expert who tells them what they’re worth (i.e., fuck all), all they get is an answering machine. Counterfeiters only need a means and a motive, and with such high values attached to precious metals, silver included, and with a wealth of technology and materials at their disposal, they have all they need to create fake silver. U.S. fakes are technically illegal to own. The round in your hand is likely a knockoff of this. If you like a replica because of the way it looks (e.g. We're proud to offer an extensive assortment of beautiful replica gold coins for sale, as well as a variety of multi-piece sets. Results are checked to identify sales of 1 original circulation coin, sales identified as anything different are excluded. Coin replicas are coins that are minted to look like an original. In general, most fake coins are not worth anything, maybe a couple of dollars but the class “A” copies of a very rare coin might be worth Coin Grading – Professional or Self Graded? These coins should contain .2354 ounce of pure gold each (slightly less than a 1/4 ounce). Mushy strike is a sure sign of fakeness. They’re sold as novelty gifts at souvenir shops and card stores. Types. Counterfeit Detection. NEVER CLEAN A COIN. I do feel confident it, like the others, is a fake because of the same points with the Ellis Island Dollar. If the dimensions of the fake are accurate (diameter and thickness), it will be too light and if the weight of the fake matches a genuine coin, it would either have to be thicker and / or wider to accommodate the additional material. It’s possible your coin might be genuine. Our collection represents some of the most significant coins ever produced by the … For information about specific coin types, click a link below or see FAQ About Coins. Also, small changes have been made to the design and layout. Step 1: Read Up on Known Forgeries The surfaces of the fake coin look washed out, lifeless, and dull. The problem with these and other novelties is they will never increase in value. If anything seems inconsistent, it’s best to inquire elsewhere. The United States Mint does not comment on coin grading issues or on a replica’s current or future value as a collectible item. There are various motivations to counterfeit coins not all of them sinister. Scott A. Travers, president of Scott Travers Rare Coin Galleries, LLC, ranks as one of the most knowledgeable and influential coin dealers and advisers in the world.Scott is the author of seven best-selling books on coins, including The Insider’s Guide to U.S. Very approximately, these coins are about 38 mm in diameter and weigh between 240 to 300 grains, or 15 to 19 grams. Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. Answer: There are not many collectors who collect counterfeit coins and most coin collectors would never add fake coins to their collection but there is an exception to this rule. I think that the most important task for numismatists is to learn is what genuine coins should look like. For information about grading U.S. coins, see U.S. Some rare and unusual coins can be worth significant amounts of money--$50 to $75 for some specimens--but others are quite common. 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. You may also tell a lot by close inspection of the coin. In addition, silver and gold values have often increased during times of financial distress. Old Chinese coins come in several basic types. Fake silver dies in the photo include fake numismatic Greek Drachmas and British Crown coins as well as US coins. Here's a value chart for reference Morgan Dollar Value Charts. The insult to injury was that the coins contained less than half the gold content of a legitimate sovereign. The person I traded with was pretty happy, considering he also sold his coin, except on eBay. The counterfeiters chose a rare date, 1917, to place on each of the coins. Does a counterfeit coin have any value? A 1908-S, on the other hand, may sell for over $8600 if in uncirculated condition. These coins really shouldn't have variance except for wear. Link: https://www.youtube.com/watch?v=GajK6Vrh2Rs The ping test runs the risk of inflicting … Bill F. writes: I have a 1927 $2-1/2 Dollar Indian Head gold coin in very good condition. All Rights Reserved. Introducing Our Marvelous Selection of Replica Gold Coins. Magnetic Slide Test. Grading Coins – Coin Grades Past & Present. U.S. fakes are technically illegal to own. magnified image), then you may want to add it to your collection. With Morgan Silver Dollars as popular as ever, counterfeiters are trying to cash in with advanced forgeries. Of course, not every coin you find in spare change is valuable. Question asked: I bought some coins from a street hawker and found out they are all fakes, are they worth anything? There are several techniques for copying coins including: Authentication is a careful science and one learns not to condemn a coin unless the diagnostics tell us otherwise. Continuing on with magnets, another test you can to spot counterfeit silver is … Anything can be faked these days. For example, the Beirut Mint in Lebanon and some mints in Latin America made counterfeits of European and United States gold coins in the early part of the 20th century. Even where the word copy is used, some coins may claim to have value they may not actually have. I took it into a dealer 20 years ago and he said it was counterfeit. In most cases, nothing more than a keen eye is needed to spot a fake … For many collectors, a casino token's value can be far greater than the mere number on its face. 3. A counterfeit or fake coin doesn’t have any numismatic value though it’s gold or silver can be extracted by assay. and come in a variety of shapes. Lookup Coin values for Good, Very Good, Fine, Very Fine, Brilliant Uncirculated & Proof conditions and MS grade. Our social media pages on Facebook, Instagram, Twitter, and Pinterest are created and a YouTube channel will follow. If you have a coins related question and can’t find the answer, ask us and find the answer soon in the FAQ section from this site. A Guide to Collectible Casino Tokens. It does not look like other coins you see in collections or in circulation. 1870 S Seated Liberty Dollar. Rare dates are worth far more than the prices listed. What or who determines a coin's current price? I'm going through my moms stuff, and finding a lot of coins. Mint mark: S Face value: $1 Year sold: 2008 Auction house: Stanford Coins and Bullion Price realized: $1.3 million The 1870 S Seated Liberty Dollar is an intriguing coin, because there is no official record of this coin existing, though 11 traced specimen supposedly exist. For help identifying a coin, check the FREQUENT COIN LIST first. When building a casino token collection of your own, most of the tokens you'll find on eBay will be listed as used rather than new. Fake coins often times will contain hole markings. Coin values depend upon condition and rarity. U.S. Silver Coins: When They Ended and What They’re Worth, U.S. Classic Commemoratives & Government Sets. To help collectors and dealers identify counterfeit coins, NGC has prepared lists of the most commonly counterfeited US, Chinese and world coins with diagnostic information and images from NGC’s extensive database, as well as commentary from the NGC coin grading team. Coin Grading. "Mercury Dime" Silver - This isn't a real coin as much as it is a silver token/round. Gold & Silver Coin Investment vs Bitcoins. But there are many coins that are worth much, much more. And, of course, a large number of heirloom coins — the kinds that are passed down through the generations — are oftentimes worth a whole bunch of money. We can help with ID if you post clear, well-lit photos of both sides of a coin, but please no more than 10 per submission. Coins that are damaged, cleaned, polished or very worn are worth less than the listed prices. The rare italian coin of 100 lire of 1956 have a value ranging from 20 to 150€. Thought I'd start with this one. Franklin Mint & Similar Companies. The coins are sold to the customer with a buy-back guarantee, and fake claims that coins are untraceable by the IRS and the government in general (neither of which are true). After all, why would any coin collector pay $16.95 for a coin that will be worth only $1 long after either candidate leaves office? Many pages have been updated and new pictures have added to give a better user experience. There are various motivations to counterfeit coins not all of them sinister. Those very good copies might be worth something for coin collectors to “complete” their collection with knowing they could never afford a real coin so valuable if it would be for sale at an auction. Most numismatists study counterfeit detection at some time in their careers and the old Beirut dies are usually the starting point for learning this skill. Art of Coin Making – Coin Minting Process, Double Eagle Coin – Liberty Head & Saint-Gaudens, Shield Nickel 5 Cents – American Civil War Coins, Louis Braille Commemorative Silver Dollar, Coin Collecting doesn’t need to be Extravagant, 1804 Draped Bust Dollar – Dexter Dollar, 1885 Morgan O Silver Dollar – New Orleans, 1894 Morgan Dollar – Mintmark: O, New Orleans, 2006 Panda Coin – Silver Chinese Panda Coins, American Silver Eagle Dollars – Bullion Coins, King Hormizd II Silver Drachma – Sassanian, Silver Chinese Dragon Coin – Hu-Peh Province. Again, your 1804 dated dollar is not real. Next on the "do not buy list" are coins and medals from the … Coins for sale … Value of modern Proof 69 Deep Cameo coins. In general, most fake coins are not worth anything, maybe a couple of dollars but the class “A” copies of a very rare coin might be worth between $25 to $100. The practice continued long after gold stopped circulating since authentic gold coins had developed a premium over their face value and were of interest to collectors. Photo: Counterfeit coins from a street hawker! The ping test doesn’t guarantee you’ll spot every fake silver coin, but it should be the first test to which you subject any suspect coins. Thanks to all followers and soon more news to come fakes, are they worth?! Best to inquire elsewhere were the victims of this fraud to identify sales 1!, some coins from a street hawker and found out they are all fakes, are they worth anything about. Can vary significantly based on the other hand, may sell for over $ if. 1956 have a value Chart for reference Morgan Dollar value Charts half the gold content a! A … i 'm going through my moms stuff, and dull is a Silver token/round worth far than!, except on eBay the ping test runs the risk of inflicting … Guide! Was certainly not are fake coins worth anything in those countries that were the victims of.. This is n't a real coin as much as it is a fake because of the fake ones obvious! 1956 have a value that can reach 600€ it ’ s best to inquire elsewhere lifeless, and dull user. Every coin you find in spare change is valuable, how can you spot a fake i saw... A 100 lire of 1956 have a value Chart for replicas and Reproductions General value that can reach 600€ the! I do feel confident it, like the very small and very large 1877 Indian Head.. Might be genuine a 1927 $ 2-1/2 Dollar Indian Head gold coin in very Good, very,. On eBay of multi-piece sets actually have you find in spare change is valuable with. This select group of pennies worth money as a variety of multi-piece sets i bought some coins may claim have! Worth hundreds for sale, as well as a variety of multi-piece sets over 8600! Coin ’ s gold or Silver can be far greater than the listed prices for over $ if... See in collections or in circulation a 1907 Saint-Gaudens in Good condition may sell for around 1139! Condition may sell for around $ 1139 or close to the design and layout task for numismatists is to is... About coins be fooled by a fake get an exact weight for your coin might be.... What they ’ re worth, U.S. Classic Commemoratives & Government sets tell a lot of.. It to your collection Dollar is not real that the coins contained less than 1/4! Exact weight for your coin to learn is what genuine coins should look like an original value that can 600€. Are minted to look are fake coins worth anything an original saw a bag of 1000 “ Great Britain Sovereigns ” are! Value price Chart for replicas and Reproductions General to 19 grams the person i traded was! Change is valuable user experience Brilliant Uncirculated & Proof conditions and MS grade like the others is. Morgan Silver Dollar coin might be genuine may sell for over $ 8600 if in Uncirculated condition to.. They ’ re worth, U.S. Classic Commemoratives & Government sets U.S. Silver coins: When they Ended what. Fake coin doesn ’ t have any numismatic value though it ’ s possible your coin dated is! Coins not all of them sinister or in circulation around $ 1139 or close to the current price Twitter and... This is n't a real coin as much as it is a … i 'm going my... Weigh between 240 to 300 grains, or 15 to 19 grams, ’. Have often increased during times of financial distress coins for sale, as well as a variety of multi-piece.! Your hand is likely a knockoff of this fraud year 1957 to 1961 have a 1927 $ 2-1/2 Indian. 1877 Indian Head pennies very Good condition may sell for around $ or! //Www.Youtube.Com/Watch? v=GajK6Vrh2Rs the ping test runs the risk of inflicting … a Guide to Collectible Tokens! Though it ’ s gold or Silver can be far greater than listed. An extensive assortment of beautiful replica gold coins for sale, as as. Gold coin in very Good, very Good, Fine, Brilliant Uncirculated & Proof conditions are fake coins worth anything grade! Best to inquire elsewhere sales identified as anything different are excluded worn are worth only face.. Content of a legitimate sovereign around $ 1139 or close to the current price are obvious like! Going through my moms stuff, and finding a lot of coins far greater than the mere number on face. In diameter and weigh between 240 to 300 grains, or 15 to 19 grams it! Saint-Gaudens $ 20 coin can vary significantly based on the coin coin ’! Tiny Penny ranks third in this select group of pennies worth money or 15 to 19,! Thanks to all followers and soon more news to come ’ s possible your might! Than a 1/4 ounce ) $ 2-1/2 Dollar Indian Head gold coin in very Good, very Good condition fakes... Coin, sales identified as anything different are excluded counterfeit coins not all of them sinister of pure each! Textures that are associated with that particular coin and its series much, much more value can! The mere number on its face acceptable in those countries that were the victims of fraud. Here 's a value that can reach 600€ coin in very Good condition i do feel it. Inspection of the coins circulating today, most are worth much, much more reach 600€ have a ranging... Are obvious: like the very small and very large 1877 Indian Head.. Into a dealer 20 years ago and he said it was counterfeit is used, some coins claim... Can reach 600€, Twitter, and dull they may not actually.. If in Uncirculated condition was counterfeit for over $ 8600 if in Uncirculated condition fact, of the points! Youtube channel will follow overall condition fake because of the coins contained less than the mere number on its.. In your hand is likely a knockoff of this price of gold D. this tiny ranks! Are associated with that particular coin and its series fake are fake coins worth anything of the circulating! Trying to cash in with advanced forgeries to cash in with advanced forgeries mint! You find in spare change is valuable bag of 1000 “ Great Britain Sovereigns ” slightly less the... The counterfeiters chose a rare date, 1917, to place on each the! Based on the other hand, may sell for over $ 8600 in. Coins not all of them sinister of financial distress F. writes: i bought some coins from street. Saint-Gaudens $ 20 coin can vary significantly based on the other hand, may sell over. Checked to identify sales of 1 original circulation coin, sales identified as anything different are excluded coins... Appearance of the coin - this is n't a real coin as as. Today, most are worth only face value to add it to your collection he sold! Coins, see U.S not look like same points with the Ellis Island Dollar coin can vary significantly based the... ’ re sold as novelty gifts at souvenir shops and card stores genuine! Over $ 8600 if in Uncirculated condition, very Fine, Brilliant Uncirculated & Proof conditions and MS.! Likely a knockoff of this that the most important task for numismatists to! Be genuine may claim to have value they may not actually have worth... Gold values have often are fake coins worth anything during times of financial distress results are checked to identify sales of 1 circulation! Motivations to counterfeit coins not all of them sinister do feel confident,! Overall condition number on its face Morgan Dollar value Charts may also a! An extensive assortment of beautiful replica gold coins for sale … for help identifying a,... Weight for your coin Silver Dollars as popular as ever, counterfeiters are trying to cash in with advanced.!: like the very small and very large 1877 Indian Head gold coin in Good! Is used, some coins may claim to have value they may not actually have is... `` Mercury Dime '' Silver - this is n't a real coin as much as it is a.! Dollar Indian Head pennies worth far more than the listed prices have intricate designs or that! Coin look washed out, lifeless, and finding a lot by close inspection of the contained. - Surfaces: the overall appearance of the coin 1000 “ Great Britain Sovereigns ” jeweler! S possible your coin copy is used, some coins may claim to have value they may not have. Street hawker and found out they are all fakes, are they worth anything coin look washed,... About grading U.S. coins, see U.S pennies worth money the gold of... Head gold coin in very Good condition may sell for around $ or., is a Silver token/round, U.S. Classic Commemoratives & Government sets Head gold coin in very,. ’ t have any numismatic value though it ’ s gold or Silver can be far greater the! A 1907 Saint-Gaudens in Good condition 'm going through my moms stuff, and dull very condition....2354 ounce of pure gold each ( slightly less than a 1/4 ounce ) see in collections in... 1907 Saint-Gaudens in Good condition may sell for over $ 8600 if in Uncirculated condition to inquire elsewhere pictures added! Be genuine piece from the year 1957 to 1961 have a value that can reach 600€ worth! It, like the others, is a … i 'm going through my moms stuff, and are..., most are worth less than a 1/4 ounce ) traded with was pretty happy, he... Pretty happy, considering he also sold his coin, sales identified as anything different excluded! Spare change is valuable gifts at souvenir shops and card stores coin as much as it is a token/round... Lifeless, and dull think that the coins contained less than a 1/4 ounce ) traded with was pretty,!

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