Counterfeit Coin Detection – 1802 Draped Bust Silver Dollar


Counterfeit 1802 Draped Bust, Heraldic Eagle Reverse Silver Dollar

By Max Spiegel – Numismatic Guaranty Corporation ……
The Draped Bust, Heraldic Eagle Reverse silver dollar was introduced in 1798 as an update to the Small Eagle Reverse character that had been minted from 1794 to 1798. The new purpose was similarly ephemeral and fair six years of business strikes were produced ( the 1804 Dollar was struck only in Proof and not until the mid-1830s ).

rev On the airfoil, the 1802 would appear to be the rarest Heraldic Eagle Reverse dollar with a report coinage of just 41,650 pieces—the low of the series. however, 1802 dollars are more available than the mintage suggests, and many numismatists speculate that 1802-dated pieces continued to be struck into the take after class. Q. David Bowers, for exemplar, estimates the actual coinage to be approximately 80,000 coins .
Despite their relative handiness, there is meaning interest in the 1802 dollar from both type collectors and series specialists. As a result, prices for 1802 dollars well exceed $ 1,000 even in the lowest discipline. Values climb to five figures in AU 50 and higher grades .
The high requirement and values for Bust Dollars ( both Small and Heraldic Eagle types ) has led counterfeiters to extensively target this series, and NGC regularly receives fakes of all dates – including the 1802. This inauthentic 1802 dollar, for model, is typical of forge Bust Dollars seen by NGC graders.

The two issues with this while that immediately catch one ’ mho eye are the pocked fields and the voiced design details. The fields do not appear abraded, as one might expect from an early dollar, but alternatively have a corroded and abnormal look. Both the obverse and change by reversal are lightly defined, and the uneven level of detail in unlike areas is a crimson flag .
A closer inspection reveals extra problems, such as the recruit lout above the middle asterisk on the reverse and another to the right of the arrows. These raised lumps are about never seen on genuine coins. There is besides some unusual design doubling at the date and the bottom of the eagle.

The forger cleaned and artificially toned this counterfeit, a common tactic to make the coin appear previous and distract from the more important authenticity issues. These methods and tricks employed by memorize artists are seen again and again so casualness with them is crucial to counterfeit detection. individually, each trouble is enough to raise suspicion, and taken together they easily condemn this coin as a talk through one’s hat.

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Category : TÀI CHÍNH

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