What about purchasing bags of “scrap metal”? Some replica coins are produced so well, you have to look very closely to distinguish it is in fact, a replica. All jokes aside the 1804 Dollar is a Numismatics dream. I am curious how I should go about validating this coin as real or fake. - YouTube Details about 1804 Liberty Bust Dollar 2oz .999 Pure Silver - COPY H19010 w/COA & Box ... 10 oz Envela .999 AG Silver Bar BU - CV Symbol Stamped April Edition. The Hobby Protection Act requires that all imitation coins and other numismatic items be permanently marked with the word “COPY”. The 1804 electrotype dollar also bears the word "COPY" on the reverse of the coin between the 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. It is better for a novice to buy gold and silver bullion or invest in numismatic coins. 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. Customers also shopped for. Each strategy has its advantages and disadvantages, depending on what your short and long term goals may be. 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. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. 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. {"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}}. What year does the 1804 dollar have stamped on the obverse? After much research, I now understand that odds are high it isa fake, however, it is not stamped "COPY". Bust Dollar Design - 3. Page 1 of 1 Start over Page 1 of 1 . The Lady Liberty Flowing Hair and Draped Bust are the two versions of this dollar. 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”. Are pre 1964 silver coins worth investing in? As more and more investors enter the physical precious metal market, many find themselves wondering what direction their investments should take. $294.69. This may get your attention: any business can produce U.S. coin replicas. All rights reserved. The trademarks and registered trademarks are property of their respective owners. I am not wealthy, I am comfortable and do not necessarily need to sell this coin. #204 Scottsdale, AZ 85260 Get Directions, Local Phone: 480-459-5597 Toll-Free: 888-812-9892. 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. Many U.S. dollars were shipped overseas or melted for their high intrinsic value. After 1800 silver dollars began to disappear from circulation. This makes it easy to spot a fake as any wear at all would be an obvious tell that it is a fake coin. 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 often difficult to distinguish between genuine U.S. coins and replicas. Flowing Hair Dollar Design. Study the images of real silver dollars. This amount is subject to change until you make payment. This shopping feature will continue to load items when the Enter key is pressed. There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). Even where the word copy is used, some coins may claim to have value they may not actually have. Seller assumes all responsibility for this listing. The full history of this fascinating coin did not come to light until more than a century after its actual creation. 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. Available from these sellers. Collecting physical silver, gold and other precious metals is a great way to diversify your holdings. 1804 United States Silver Dollar . 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. If any silver dollars were minted during the year 1804, those probably would have been dated 1803. Popular . Replicas need to be distinctively different from the original however, to not be considered counterfeit. *The information contained on sbcgold.com has been prepared by Scottsdale Bullion & Coin for informational purposes only. 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. What type of bullion should you buy? That is simply not true. 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 1.0 out of 5 stars 2 ratings. Some businesses in China, however, produce unmarked imitations of pre-1950 United States coins and sell them online. ... Draped Bust Silver US Early Dollar Coins (1794-1804), 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. If you reside in an EU member state besides UK, import VAT on this purchase is not recoverable. From 1803 or 1804 to 1834, no silv… Free shipping. These “miniature” versions are still replica coins. This is what the Heritage Auction's commentary, in part, reads. $45.00. Here we will specifically address the issue of coin replicas. U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. Should you invest in rare coins? Dollar Town Commemorative. Some of the underlying copper can be seen on the surface of the coin. Thankfully, the U.S. Mint recognizes the confusion and provides resources to help investors, including a side-by-side comparison chart of common reproductions. By tradition, all are categorized as “Proofs.” They are certainly not business strikes. The $3,877,500 paid for the 1804 silver dollar includes a 17.5 percent buyer's premium. These are actually official Mint-made reproduction copies of the Unique 1804 Draped Bust Silver Dollar Restrike of the Class II (Class 2) type. The Lady Liberty silver dollar from 1794 and 1807. In total, only 15 specimens are known to exist. They just need to follow the rules against counterfeiting and those in the National Coin Hobby Act. 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. Genuine United States coins will always feature the denomination of the coin like “Half-Dollar” or “Dollar”. But what makes these 1804 dollars … 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). Though dated 1804, none were struck in that year; all were minted in the 1830s or later. Please consult with a professional who may specialize in these areas regarding the applicability of this information to your individual situation. The 1804 Draped Bust dollar is one of the most famous coins in the world. What should you consider about commemoratives coins and replica coins (reproduction coins)? This will always provide a safety net of value, and for novices in particular, that safety net can be very valuable. $35.00. (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. United States and many other countries Only coins minted by the U.S. Mint itself are legal tender. The electrotype coin was struck on copper and then plated with silver. Proof. 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. Add this 1 oz Silver round to your cart today. 4.7 Thus, identifying an 1804 counterfeit can be quite straight forward. 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. As the auction results prove, collectors are willing to pay millions of dollars to obtain one of these treasured silver dollars. Replicas however will generally replace those words with some sort of product description like “.999 fine silver” or “giant proof”. |, This amount includes applicable customs duties, taxes, brokerage and other fees. With regards to the 1804 silver dollar, it was never a circulated 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. Genuine United States coins will always feature the denomination of the coin like “Half-Dollar” or “Dollar”. 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. My Silver Coin has "COPY" Stamped on it! After purchasing this lot, I found a 1804 Flowing Hair Silver Dollar. Several even more rare strikes were issued and given to several prominent figures around the world. To help illustrate the differences, I have attached a fake coin (upper image) and a genuine one (lower image) here from PCGS. This means that the 1804 silver dollar is extremely rare with very few legitimate copies. Proof Commemorative. 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 coin is a rare American Treasure. $40.00. Is it Fake? 1 Troy Ounce .999 Fine Silver (Marked on Edge) 1889-CC Morgan Dollar Design Copy. Proof Commemorative. What is the value of an 1804 silver dollar coin that has copy printed on the tail side? Trade Dollar Design. To us, that seems like very good advice. Coin replicas are coins that are minted to look like an original. Other commonly counterfeited dollars are the 1887-CC Morgan dollar, and Trade dollars dated 1799 or 1872. Something went wrong. 1804 Bust Dollar Head. When you see these words, you have spotted an ad for replica coins. What makes replicas even more difficult to spot is the fact that unless the original designer copyrights the design, any coin may be copied. 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. The 1804 U.S. dollar is one of the most publicized rarities in the entire series of U.S. coins. The word COPY should be your clue. $45.00. Replica coins are a dicey minefield that novices investing in physical precious metals are better served avoiding. Replicas however will generally replace those words with some sort of product description like “.999 fine silver” or “giant proof”. 1 pc United States Coins 1804 Draped Bust Brass Silver Plated Dollar Copy Coin by KENNEWICK. Terminology    Privacy Policy    FAQ    |    Facebook    Google    Instagram    Youtube    Twitter Copyright © 2021 Scottsdale Bullion & Coin. It takes a person experienced in these replica gold coins or replica silver coins to determine any true value. Image sources: usmint.gov, coincommunity.com, examiner.com, Scottsdale Bullion & Coin 14500 N. Northsight Blvd. The 1804 Dollar Replica 1oz.999 Silver Medallion is a SilverTowne IRA Approved Product. Also, no 1895 CC Morgan Dollars exist, and only proofs were struck from Philadelphia so no mint mark types exists! Bullion and numismatic coins will always at least maintain the value of their precious metal content. An 1804 Draped Bust is the most desired silver dollar and has been studied extensively. 1889-CC Morgan Dollar Design Copy. This in and of itself does not make it a bad investment; it’s just letting you know it is not legal tender. 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. 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. It is not intended to provide, and should not be relied upon for; investment, legal, accounting or tax advice. At the same time more investors move into the market, there seem to be an increasing number of pitfalls for them to avoid. For more information on adding precious metals to your portfolio visit SilverTowne… For additional information, see the Global Shipping Program, This amount includes applicable customs duties, taxes, brokerage and other fees. Copyright © 1995-2021 eBay Inc. All Rights Reserved. Any coin with 1804 stamped on it is more likely a fake than real. View cart for details. To avoid counterfeiting issues, most replica coins are produced larger than the genuine version, but they also may also be produced smaller. This amount is subject to change until you make payment. The world, accounting or tax advice to provide, and Trade dollars dated 1799 1872! Privacy Policy FAQ | Facebook Google Instagram YouTube Twitter Copyright © 2021 Scottsdale Bullion & coin for informational purposes.... Round to your individual situation may also be produced smaller Phone: 480-459-5597 Toll-Free: 888-812-9892 what year the! These 1804 dollars … with regards to the 1804 silver dollar from 1794 and 1807 an... 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