Hey guys. I sent off about 50 $1 from 1870s-1920s coins to PCGS to get graded.
One of them came back as Counterfeit - False Dies. This particular coin was given to me as gift from a non-coin collector. I decided to throw it in with all the coins that did get graded just fine. The coin actually weighed like it should. Anyway, I actually forgot about it until I got my coins back.
Can anyone explain exactly what "false dies" means exactly? I'm assuming this could have just been a replicate die or a novelty die?
What should I do with this coin? Melt it, destroy it? It has no value and I don't want to stick it into circulation and have someone else fall into this trap.