How Do I Know My Seated Liberty Silver Dollar is Not a Counterfeit?

PHOENIX - June 27, 2013 - PRLog -- The Seated Liberty Silver Dollar is deemed as one of the most valuable coins due to its scarcity and mintage. This is why they are highly sought after by serious collectors. Because there are dealers out there who may try to sell you a counterfeit it is in your best interest to learn the facts about the Seated Liberty Silver Dollar.

The Seated Liberty Silver Dollar was minted from 1836 to 1873. This is key to remember when purchasing a Seated Liberty because if the coin has a mint date other than 1836 to 1873 then you know it is a counterfeit coin.

Another thing that is good indicator of whether the coin is real or not is by looking at the coins design. The design on the Seated Liberty went through many changes, from 1836 to 1839 it had its original design, from 1840 to 1866 the motto “IN GOD WE TRUST” was removed from the coin and then in 1866 to 1873 the motto was put back on the coin. So a good indicator of a counterfeit would be if you received a coin with the mintage date of 1860 and it has the motto on it then it must be fake.

Counterfeit coins are made of copper, have a silver coating over the top, and weigh roughly 18 grams. A real Seated Liberty Silver Dollar weighs 26.73 grams. Fake coins can sometimes be identified by their coloring because when they start to fade their coloring turns to a copper or brownish sheen.  

Another easy way to distinguish between a real or fake coin is by placing a magnet by it. If the coin is attracted to the magnet then you know it is fake. Copper will be drawn to the magnet but silver will not.

You can’t always rely on these tactics because today counterfeits are being made to look more real than ever. Counterfeits have been showing up from China where new dies are being used to make the coins look real. Counterfeits are also being made with the same metal composition so that the weight of the coin will fool you. It is harder today to identify a fake coin than it was in the past.

In order to better ensure yourself that what you are getting is the real deal it is very important to find a reputable dealer to work with that you can completely trust. If the dealer is offering you a deal too good to be true on a coin then you will want to work with another dealer. The Seated Liberty will run you anywhere from $350 + to $1,000 + depending upon the condition the coin is in.

Purchasing and owning a Seated Liberty Silver Dollar can be very exciting however, before you go opening your pocket book make sure that what you are buying is the real deal.

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