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Fake Dollar Stuns at FUN
By Numismatic News
July 18, 2013

This article was originally printed in Numismatic News.
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A fake 1881-CC Morgan dollar housed in an equally fake General Services Administration holder was identified July 13 at the Florida United Numismatists convention in Orlando, Fla., by Randy Campbell, senior grader of Independent Coin Grading.

Campbell had been approached on the final day of the convention to give his opinion of the grade of the dollar in its plastic holder.

From 1972-1980 GSA sold almost three million uncirculated Carson City silver dollars left in Treasury vaults. Each coin was sealed in a special slab-like plastic case. A thin black and silver cardboard box held the slab and contained a numbered certificate.

Campbell said he noticed the coin was cleaned and had the color of a dollar minted at Philadelphia rather than Carson City. Genuine uncirculated GSA coins are not cleaned.

After a short examination, Campbell discovered that the 1881-CC coin was a modern counterfeit probably made in China. Moments later, Campbell announced that the entire “package” was bad (Fig. 1). The coin was counterfeit, the black insert surrounding the coin was counterfeit and the plastic case was not original.

Let’s start with the coin. On a quality scale of 1 to 10, ICG authenticator F. Michael Fazzari rated the coin as a 6+. It is not as dangerous, or as well executed, as the Trade dollars (rated 8+) that appeared in the market several years ago; but he believes it’s a coin that would be purchased by at least 40 percent of the dealers at the show who would probably not give it more than a cursory glance inside the government holder.

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Fazzari said that he viewed a fake Carson City dollar of similar quality on the final exam at a seminar on Chinese Counterfeits taught by Dr. Gregory DuBay and Beth Deisher in Colorado Springs, Color. The quality of most Chinese counterfeit dollars seen by ICG authenticators is rather crude – especially the date digits. This counterfeit had a nice style that was pleasing to the eye; however, with 7X magnification using fluorescent light, defects could be seen on its relief. A comparison of the mintmark area of a genuine Carson City dollar (Fig. 2) and the counterfeit (Fig. 3) is shown in the micrographs.

The black insert used to hold genuine GSA dollars is made of plastic with a granular pattern. Campbell noticed that this fake was surrounded by a smooth cardboard insert. While a discussion about the quality and manufacture of the outer plastic case was going on, ICG staffers Libby Dollar and Ryan Barnhardt purchased a set of proof Presidential dollars from a dealer nearby. Upon examination, they confirmed Campbell’s belief that the fake used a genuine Mint plastic case to further the deception. The modern case surrounding the counterfeit insert was not permanently sealed. Additionally, it had a slightly different design from the sealed GSA product.

Finally, a bright silver “Carson City Uncirculated Silver Dollar” logo is imprinted on the inside of the genuine GSA plastic case (Fig. 4). The counterfeit product has its logo printed directly onto the black cardboard giving it a rough appearance (Fig. 5). In view of this new counterfeit Campbell and Fazzari warn that collectors should check their GSA coins and compare any that are questionable with more photos shown on the ICG website at icgcoin.com/about/news-from-the-grading-room.



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Comments
On July 19, 2013 roy greene sr said
lets stop the import of silver and gold to these countries.

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