Can you spot a fake 1893-S Morgan dollar, one of the most counterfeited coins? This article explains how.
Compare the photo above of a probable fake 1893-S with the genuine article below, offered by Jewelry Exchange.
They look almost identical, an indication of how good counterfeit coins coming into this country from China are being manufactured.
There is one particular diagnostic, however, that counterfeiters often fail to get right, and that is the date. Compare the dates of the two coins:
The number “1” of the date must sit squarely over the denticle below. The “1” on the left does not, indicating it is a fake. The “1” on the right is square over the denticle. Also, there is a difference here in the number “3.”
If you are an auctioneer getting an 1893-S Morgan in a consignment, which can bring thousands, it pays if you can identify whether the coin is authentic. This can save you time and trouble if a bidder files a complaint.
Concerning “ALL SALES FINAL,” keep in mind that selling a counterfeit coin is a violation of the US Hobby Protection Act. As we have advocated for many years now, auctioneers should create policies that make the consignor and not the bidder liable for counterfeit coins.
Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.