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Two Privately-Made (vintage counterfeit) Morgan Dollars in "mint state"

dcarrdcarr Posts: 8,670 ✭✭✭✭✭
edited August 12, 2023 1:36AM in U.S. Coin Forum

Just acquired these two, purchased unattributed from sellers who were not aware of their origin. What is notable is that both are very high grade. I see no circulation wear at all on either. They are pretty rare as such, since most are significantly worn while circulating alongside genuine money.

The 1896-O VAM-21 always has a very granular obverse (as struck) with no cartwheel luster at all. The reverse also has some granularity as well.

If you ever see a mint-state Privately-Made VAM, it is most likely going to be a 1901-O VAM-60 like the second one below.



Comments

  • MWallaceMWallace Posts: 4,205 ✭✭✭✭✭

    Thanks for posting these great examples. I've just recently gotten interested in the vintage Morgan counterfeits.

  • SaorAlbaSaorAlba Posts: 7,573 ✭✭✭✭✭

    I have read accounts that the dollars were artificially aged to give them the circulated look to add credence to their being authentic. Much like the Colombian cartels counterfeit Sacagawea dollar coins to be sold into Ecuador - beaten up a bit, spun awhile in a drum etc.

    Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
  • sfs2002usasfs2002usa Posts: 864 ✭✭✭

    I have an 1896 (P) Morgan dollar I purchased for $10 in 1985.
    So no numismatic woe here - it is not high grade and displays
    no cartwheels but is likely genuine, and was advertised in the
    local news paper as a "hoard" find. It does weigh 27 gm so
    appears to be fine. I do like the coin since it is my very first
    Morgan dollar, genuine or not.

  • CaptHenwayCaptHenway Posts: 32,356 ✭✭✭✭✭

    @SaorAlba said:
    I have read accounts that the dollars were artificially aged to give them the circulated look to add credence to their being authentic. Much like the Colombian cartels counterfeit Sacagawea dollar coins to be sold into Ecuador - beaten up a bit, spun awhile in a drum etc.

    I’ve never seen one that I thought was artificially circulated, but anything’s possible. They were good enough they didn’t need to be.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,356 ✭✭✭✭✭

    I don’t like the “Privately Made” euphemism. They are counterfeits, plain and simple.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • dcarrdcarr Posts: 8,670 ✭✭✭✭✭

    @sfs2002usa said:
    I have an 1896 (P) Morgan dollar I purchased for $10 in 1985.
    So no numismatic woe here - it is not high grade and displays
    no cartwheels but is likely genuine, and was advertised in the
    local news paper as a "hoard" find. It does weigh 27 gm so
    appears to be fine. I do like the coin since it is my very first
    Morgan dollar, genuine or not.

    .

    That one appears to be genuine.

    .

  • sfs2002usasfs2002usa Posts: 864 ✭✭✭

    DC - Thanks much for the certification. I'll enjoy it more now!

  • steve76020steve76020 Posts: 367 ✭✭✭

    How does the moonlight mint legally make them without replica or copy counterstamped into it

  • PerryHallPerryHall Posts: 46,367 ✭✭✭✭✭

    @steve76020 said:
    How does the moonlight mint legally make them without replica or copy counterstamped into it

    Dan makes fantasy coins where there are no legitimate mint copies in existence. Hence, they are not counterfeits.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • steve76020steve76020 Posts: 367 ✭✭✭

    Oh I see so the mint never released the it version of these coins?

  • PerryHallPerryHall Posts: 46,367 ✭✭✭✭✭

    @steve76020 said:
    Oh I see so the mint never released the it version of these coins?

    What does "the it version" even mean?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • KliaoKliao Posts: 5,608 ✭✭✭✭✭

    Very interesting. I've never really looked into vams and never knew there are vam numbers for these 'privately made' contemporary counterfeit morgans. Looks like there are 34 of them listed. Will have to look into this more when I got the time.

    http://www.vamworld.com/wiki/Listed_Privately_Made_Varieties

    Collector
    75 Positive BST transactions buying and selling with 45 members and counting!
    instagram.com/klnumismatics

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