Draped Bust Silver Dollar - Could Your
Draped Bust Be A Forgery?
The Draped Bust Silver Dollar is so old
and so rare that it would cost a fortune
to own genuine pieces of these. These
antique coins are one of the earliest
coins among the official currency of the
USA and were minted under the Coinage
Act of 1792.
There were two types of these Silver
dollar coins produced by the US Mint
from 1794 to 1803, each different from
the obverse side. The first issue is
called the Flowing Hair manufactured for
only two years, 1794-1795. The second is
the Draped Silver Dollar which came out
for a longer period, 1795-1804.
The Draped Silver Dollar also features
two varieties in its reverse design.
These draped silver coin types are the
small eagle which was minted 1795-1798,
and the heraldic eagle struck in
1798-1804.
All dates of mintage between 1795 and
1903 have different variety
classifications because the dies in
those days were done by hand engraving.
The varying nuances in the draped bust
silver dollar design and its vintage
pedigree have created a certain mystique
among coin collectors who are willing to
spend much to own one.
But because of its popularity and the
high price that it could command,
antique silver dollar fakes have also
proliferated. Auction facilities online
are often the outlets for such
counterfeit coins as the sellers could
easily hide under anonymity.
Fortunately, population auction houses
like eBay are doing some efforts to stop
the unscrupulous practice by stopping
sale of those coins determined to be
fake. Still, the auction may proceed if
the seller declares that the coins being
sold by bidding are replicas. It would
only be illegal to own counterfeit coins
if the intention of the owner is to pass
them off as real.
An authority at the American Numismatic
Society advises that those who chose to
collect counterfeits or replicas should
clearly label them as such to prevent
these from being sold inadvertently as
genuine coins later. For indeed, there
are still many gullible ones who would
not check and just think that theyre
buying the real rare draped bust silver
dollar.
You'll find a wonderful selection and
terrific prices on the rare, antique
Draped Bust Silver Dollar at: ==>
http://SilverDollarCoins.net
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The Draped Bust Silver Dollar is one the earliest coins
among the official currency of the USA. These antique coins
were been minted under the Coinage Act of 1792, and it would
cost a fortune to own genuine pieces of these. . .