He INHERITED 120+ Silver Dollars... Was Shocked to Learn THIS!
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- Опубликовано: 15 окт 2024
- A subscriber of mine reached out to me about a HUGE Lot of Morgan Silver Dollars that he inherited... unfortunately for him, it may have been too good to be true.
It turns out that they're ALL Fake!!! Watch as we open the package that he sent us and test them to be 100% sure that he was right, and that they are indeed fake!
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He INHERITED 120+ Silver Dollars... Was Shocked to Learn This!
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For a Follow where I show some Side-by-Side with REAL Morgans, be sure to check out THIS video where I took some of these to a Coin Show and tried to "sell" them!
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I wish you brought out a real one and put them side by side and pointed out the difference by just looking at them.
Hi Seeker. Nice video, very informative. But I too wish you had shown a genuine Morgan Silver Dollar right next to a fake. I don't collect Morgan's, so it wasn't obvious to me just from looking at them that they were bogus.
Also the sound difference between to morgans clanking together vs two of the fakes ! Please do that in the next video please Sir !
The reason why he didn't is they look the same
@@dragonflydreamer7658 If they " looked" the same ... how come he could tell by " looking " at them that they were fake ? Gee, IFYOUONLYHADABRAIN
@@dragonflydreamer7658 He actually said they don’t even look close.
I've decided that my grandson will inherit my stack, and to that end I have been teaching him how to buy and verify precious metals. Education is key. Fortunately, we today have a lot more tools today than those from just 20 years ago.
The fakes are better, though.
I like the ones that have chocolate in the middle.
Funny!
I remember those
hell yeahz i want one of those
🤣
For us Nubes, it would have been nice to see the real thing next to the fakes.
buy a scale. Cheap. Useable for lots of projects, and checking your coins.
@@jsmythib Don't forget that a scale is considered "paraphernalia" - the cops will take it because they won't believe your story.
@@paulsawczyc5019 Make sure to store it with your legal black powder.
Yes!
My heart aches for people finding out that what they have inherited is absolutely worthless. I can't imagine spending hard earned money for these thinking that one day you are going to make someone feel so happy only for them to actually be heartbroken once they find out that all of them are fake. Thanks for sharing this video to help bring education and awareness to people before it's too late. God bless!
I bought a stash from an estate sale. The kids had Englehard 100 oz silver bars at $20 each, and huge strong boxes of silver coin for $1 a tube. Got the whole works for $2000! Hit a bunch of fakes (especially BU Mercury dimes), but most was real! Even bagged 200 1oz gold Krugerrands. At the time, $250K in good silver, and $350K in good gold! Bet the kids tried selling some and grabbed the fakes, and then thought it was all bad and dumped it. If they had only tested them, they would have been wildly rich!
I hate seeing folks who don't know better be taken advantage of. I'm happy to hear that they're being made into a table top. That's a creative way to take them out of the market. Thanks, Seeker!
i really really wish you had shown a real one next to what you called “obvious fakes” because i literally could. not. tell. they. are. fake.
He missed an opportunity to make that comparison. I believe him, I know he knows, but it would have been informative
Guy making a coffee table with these. I think this would be one of the few cases where I'd say you should clean them first.
Didn't you notice they all had the exact same coloring? It was part of the paint job.
THey aren't dirty. That's just how they come, so they appear used
Clean 'em enough to get them all the way down to the brass.... LOL
Seriously though, if that's just a super light coating of metal, it might be doable, and they'd look really nice as gold coins in this application.
Right off the bat you can hear they sound too "tinny" to be silver.
When they hit together they sound like washers (fasteners) at the hardware store. Clack, don't ring.
This is still a Secret Service matter. Because Morgans can still be tendered for face value, they're not fake, they're counterfeit.
Commodities that are shorted the most - silver, platinum and gold in that order.
Hi Seeker, Thanks for the vlog and the learning experience. I did not know fakes were so prevalent decades ago. So unfortunate.
Fakes have been around as long as there have been coins. Even fake Roman coins 2000 years old have been found. The counterfeits were made while the real items were in use.
@@MrTruckerf This is also why the UK Royal Mint started edge-milling coins to prevent „clipping“ - The act of shaving metal off the edges of coins to obtain it whilst keeping the monetary value of the coin. IIRC we've been doing that since at least the 1600s. 😇
Back in the 70's I saw so many ads in magazines for "authentic Morgan dollars" certain "coin company's" would run. One look at the photo a kid collector like I was knew they were fake.
I saw them right next to the sea monkeys ads and the decoder rings
You see commercials on tv all the time for gold coins that look exactly like actual American gold coins, selling for $20 or less. I did the math, they are covered with exactly $1 worth of gold plating. I know a guy who buys them up! He thinks they’re real, he’s not swift, you can’t convince him they’re not actual gold coins.
@@kkjppt5359the submarine was actually a plastic table clothe that hung down with portholes on the sides.
@@kkjppt5359 Wow, as children we had one of those that ran off of baking soda and vinegar.. We also got the sea monkeys which were actually brine shrimp and they didn't live very long in the gallon pickle jar they hatched out in.. Good thing they were just a few cereal box tops and 30 cents shipping.. I think the sub was $1 shipping and 10 Campbells soup labels or something like that.. Those are some serious old memories from the 1960's.. PS the sub was really fun in the tub but using the vinegar and baking soda when taking a bath sucked.. Took practice and you had to be pretty quick for it to sit on the bottom as the gas pushed out the water and made it surface then put put around..
It's sad how unknowing people get taken advantage of. If you don't know what you're doing always find someone who you trust to help you.
100%
Someone you can trust isn’t always so easy
Yeah - like the government printing money.
I love that he's using those for a coffee table! Those would make great center pieces for some coasters as well!
Closest I can come to this is my 17500 penny bathroom floor in clear finish. Would have cost me more to buy quality ceramic tiles and go that route. But it sure is pretty.
I practice making coin rings with all the fakes i come across. Got a lot of these and bust half fakes in Afghanistan. Guy was passing them off as real until i calledhim out. Got all for real cheap. Saved someone else fromhard ache
When you were shaking them at 4:04ish it sounded like a handful of tin washers.
Those look like old magician stage coins, probably from the 1950s or 1960s They were made to look like real coins from the stage when doing coin production routines. When Morgan and peace dollars fell out of circulation, magicians started to make these. They weren't meant to deceive collectors, hence why they are such bad copies. They just had to be the proper size and give the impression of being coins from a distance.
I'm surprised they weren't obliged to put some obvious note about unauthenticity on them. Modern movie dollars are made to look like the real thing on camera, but bear a very clear note that they are a movie prop and non-negotiable. (Close-up shots might use the real thing, depends on what the Feds rules are for that) 👍
Maybe these are made from 30% platinum, because platinum used to be a throw away weed-like metal, when people were looking for gold. (:
I hope so, for their sake. 😢
@@DevineAbyss
Platinium is expensive.
No one will use it to make any fakes
Try reading what he said again @@Matt999PL
That will be such a brilliant table! Not to mention a phenomenal conversation starter. I’m sorry they are fake but I’m so pleased they are being kept and used.
What a shame. Hopefully, his aunt didn't pay a big amount of money for them. It sucks that there are people that make fakes and sell them to people.
If she got them 40 years ago they were only a few bucks each. Actual silver was $5-$6 an ounce.
@@MrTruckerf ... You have a good point about silver price being much lower forty years ago ... BUT, she unfortunately did get screwed over BADLY. Let's say that she paid $4 each x 121 that's $484 total IN 1984 dollars, which today would be about 980 dollars to equal in buying power. Even if she had paid $3 each, that was still a costly scam.
@@RobDelacruz-w6d You are right. Adjusted for inflation, $1 in 1980 equals roughly $4 today, according to what I googled.
I wish you would have went into some details on what made them look fake
He doesn't even know 😂😂😂
@@ChatGPT1111 LOL yes I do it wasn't even close man
One of the reasons they look fake is because every single coin is colored, and we aired the same way. That means that they were all artificially put through stress to look older. Each one should have different characteristics different wear patterns different dirt different imperfections. Every single coin looks exactly the same. The odds are that they’re fake and they’ve all been put through the same process to make them look old.
@@AntoineWilliams7118 That's it?. Not very informative
@@AntoineWilliams7118 I like your explanation much more!! Thank you!
Whats really cool is when you made the sounds from the fakes I said brass. Then they actually were brass. Good ears.
The coffee table project reminds me:
In the 1970s, on La Brea, between Sunset and Hollywood Boulevards in Los Angeles, there used to be (and maybe still is) a Copper Penny Restaurant. The tabletops and countertops were _copper pennies_ about 2 inches on center in clear plastic against a red background.
I'm impressed that the cut off wheel didn't break. Good job.I also am a victim of fake silver, but not that quantity. I new that price was to good to be true. Good video.
Use a vacuum cleaner to collect the dust while cutting.
For you it is night and day difference but a lot of people not. Please tell us how to see they are fake just by looking at them.
The coloring was all wrong, the edges were not like real coin edges, the weight just handling them was off, the sound when you clanked them together........but mainly the fake look of blackened metal to make it look aged.
Working in a coin shop - we had a customer who inherited 50 gold coins - came in starry eyed - but unfortunately all were fake and all were definitely NOT recently purchased - but were " bargains " in days gone by - BEWARE where and what you buy !!!
Plot twist: The Aunt has the real ones.
Addendum: ……and she sold them and is currently on that vacation she always wanted to take. Happy ending. 🎉
It is possible that the aunt was dooped. She may have shown them to someone with sticky fingers.
@@jimwilliams8229
That is a good possibility.
my mother had a medalion she was given in trade for a moped when she was travelling in Europe in her early 20s. She always assumed it was gold, until she got it assessed when retiring. Nope, just brass :-).
Narrowly avoided going for a Maple leaf „gold“ bar at my local flea market just before the pandemic. Hadn't a clue what spot was back then, otherwise the asking price (£20,-) should've rung a _few_ alarm bells... 🙃
Thanks for bringing this forward, I would have bought fakes, as I didnt know they could do such a good job. They must sell them for a high, but too good to be true price..
Some of us aren't American so a comparison with a legit coin would've created greater perspective
♻️ that's bad - lots of money lost there ♻️
You'd never find 120 SDs all exactly the same degree of toning or oxidation or whatever you want to call it.
I think those are aluminum. That would explain the diamagnetic property.
Go back to school. Diamagnetic means it would be repulsed by a magnet. These are not affected by magnets at all.
Aluminium would be far too light, more likely zinc, low melting temperature and easy to work with
Thank You for the information. Nice video.
Lmao papa k but a great idea to use them in a coffee table
Lol yea
I saw similar ones in Afghanistan. They were sold at the bazaar/flea market. The coins were noticeably lighter.
@@airborne5642 Yep
I don't know...I am in my late 50's and my dad had a coin shop in the early 80's...I just don't see the fake in them from a glance, but then again, I don't live a breathe the minutiae of fake Morgan dollars? I can see where they would have fooled my dad in 1980.
I’m similar age & have a few Morgans bought in early 2000s. They’re probably all fake. I’m lucky like that. 😂
The spot price was about $3.50 two decades ago so his grandfather didn't end up getting screwed that bad except for the price of inflation which will probably be worth $7.00 today or something like that.
The problem is they sold them for way more than spot price, telling the victim they were highly collectible. I saw ads for them for 35-40$ 15-20 years ago. Maybe they were real, probably not.
What’s the name of the app you used for pitch?
Thank God I've never got a fake one yet
what kind of magnet is that that that you used to determine they were non magnetic? I have to use a super strong irididium (sp?) magnet from a hard drive and even then 100% pure silver is barely magnetic.
Coffee table...hmmm, reminds me of the Bucket of Blood Saloon, in Virginia City, Nevada. On the wall behind the bar, they have a humongous assemblage of hopefully, real silver dollars, forming the dress of a woman. This bar is a true gem in an equally awesome miner's city nestled atop the Virginia City Highlands, complete with raised, wooden sidewalks with horse hookups. Beneath this incredible city, there are miles of tunnels reinforced with Redwood trees brought in from Northern California. Unfortunately, those trees have been smoldering for a century, leading to the occasional collapse of streets.
If you get the chance to visit Reno or Carson City, make sure to take the short and breathtaking trip up the mountains to see this one-of-a-kind throwback to the olden days. By the way, this city was the site of the Comstock Load, the largest silver strike in America...and the first city west of the Mississippi to have an elevator and hot and cold running water. And no, I don't work for the state's travel bureau...lol.
Table top is a brilliant idea!
In the 1970's you could by these in Indonesia for 1 dollar a piece.
I was buying Dollar coins in the United States for 100¢ apiece back in 2014... 😋
And that wasn't a bad deal for me either - The Pound was converting to 1.666 USD at the time. Now if only it hadn't been for Brexit 💩... 😉
I have some of these that my Grandfather won playing cards at a tavern in the 60ies.
I wonder what effect Chinese Temu fake silver sales are having on global silver markets.
Everyone is sending Seeker their faked Sh!t. 😂
Rofl!!!
seeker better re test all his metals 😂😂
My grandparents saved coins for 50 years. No real reason, they just saved them. I have them now and they are all silver quarters.. They are just out of the general population from change.
You are awesome with your pricing!!
i got screwed on a fake morgan but as soon as i made the order i found out it was going to be a fake and contacted the seller and told him it was fake ,, he tossed a fit, he was a 3rd party seller and tried to play it off as it was coming out of California, needless to say i had already informed pay pall and soon as i got the coin i got a full refund from the seller .... verry verry hard to tell fakes now days, even in BU condition until you get it
i mainly buy on ebay because the coin shops here suck, .. out of 300+ coins ive only gotten 2 fakes both refunded,
If the center is brass, what is the material of the outer surfaces?
A _very_ thin coating of silver, most likely - Enough to pass an acid test, but not to make the fake cost too much. A 1oz (31,103g) silver bullion coin sells for about £30,- in the UK, and one of those - Melted down and with 0,5g silver coating each - Would produce about 62 counterfeits. Sell each of those off at a „deal“ price of £25,- and you've turned £30,- of real silver into £1550,- of Temu silver. 📈
So aye, real silver (Or whichever metal) is worth the fakers buying, if only to coat their slugs with the metal they claim it to be. 😉
I love the sound of them falling out of box,the sound of Chinese pot metal 😂
Hope they didn’t buy any gold necklaces?
Think ^silver bells^^ ....there is nothing in the world so beautiful as the sound of silver coins jingling together....thats the easiest and surest way to know if they are fake or real.....
I beg to differ vastly on this point...But the sound of a TGV Reséau accellerating out of Paris isn't much help to ascertaining the authenticity of most coins! 🚄💨🪙😋
Those looked straight up fake right out the box.
How could you tell? Are you clairvoyant?
@@busterbiloxi3833 I could tell too - the black stuff looked fake.
A few years ago I got a bunch of bad Chinese fake "Rocking Horse" English Crowns that were actually steel, so I made a Gaucho belt with them.
Is that the 1977 QEII Silver Jubilee version? If so, I'd better check the ones I have... 🧲
...All 200 of them. 😳
I once tried making wooden plates to try to counterfeit buffalo nickels. It worked, but only made a few coins before the wood plates failed..
Fakes would be classified as counterfeit? Ilegal to own,trade,sell?
When I was a kid in the seventies and there were arcades everywhere there were some arcades that used what looked like real coins for tokens. I think that might be what you actually have. And some jerk later on tried to pretend they were real coins and sold them.
Back then we all knew they weren't real simply by klinking them together.
At first I thought movie cash for old westerns but movie cash have identical dates.
That’s very unfortunate that they were taking advantage of. But the coffee table idea sounds pretty cool.
Thank you for the information.
This is a perfect example of why you should always buy your PM’s from a reputable source!
I would like to see the sigma- was that xrf? I am curious as to what the real composition is
Prolly already been asked, but how MUCH would this haul be worth in actual cash, if they were real?
He probably never had a real one to know the difference. Sad.
That was pretty damn good, thanks
First thing I noticed was the "wear" was the same on all of them, how likely is that for 120 coins?
Just from the sound I could tell they were fake. Silver on silver has a distinct sound.
How heartbreaking for that guy.
Sad to see people being taken advantage of. Interesting to see inside the coin too.
It's gotta suck learning something passed to you whom the relative may have treasured to discover it's worthless.
I only purchased coins from my local dealer. I used to metal detect and found many old coins. I started purchasing the nice ones to match from my local coin dealer. Coins found in soil tend to become damaged or gain a patina that devalues many coins. Silver generally hold up well in the ground. Copper, bronze and other low quality metals generally discolor. I decided to go with a type collection rather than one coin of the same type but different year. Meaning a penny collection would include one flying Eagle, one Indian head and one Lincoln memorial. I also got a steel penny . I did purchase the State Coin Collection first year in all silver. So 50 silver State coins. First years only.
I feel so sad for people not doing their due diligence when buying g things they know nothing about!
They used to make fakes like that and link them together as hat bands and belts etc..
Now I’m nervous about my stack. We inherited it from my father-in-law. My mother worked 30 years at a large school district. She managed cafeterias she personally exchanged silver dollars for cash from her pocket, collecting not quite 2 shoe boxes worth. I didn’t get them when she died but now I’m curious how many of those were fake. I shudder to think…
What do they melt like?
I would struggle tobelieve anyone anymore
Lol ping tester! I remember when it was not unusual to get a silver quarter or dime in your change and you literally could hear it.
I _think_ I have an older (Cupronickel?) Dollar in my collection somewhere, which I came across by chance whilst visiting the US and kept it, given the new (At the time) Dollar coins were Nordic Gold. While passing through Vegas I had Gold Star Pawn take a look at it and they valued it at maybe $3,50 at that time, so probably no silver but a *lot* of awesomeness for a British coin collector chancing across a very nice find while on vacation! 🪙💯😁
Buy the book before the coin! Heck, one hour worth of watching Morgan videos can help expose such obvious fakes!
Well, if its good brass with a high copper percentage, then we are looking at like 10-15 bucks of copper. So they are not completely worthless🙃
Or maybe he can sell the unique table for a decent price if he does a good job with it. 👍
Even the most worn real Morgan i've weighed was still like 26.1 or so.
The Chinese were even counterfeiting Trade Dollars back in the day. I have a few along with other junk dollars...!
Aye, I think I have a few of those - And I live in the UK, so they certainly get about! Are yours magnetic and coated with so little silver the acid test exposes the underlying metal? 😇
So, these are fake. Since they say 1$ and are copies of US currency, that makes them counterfeit, does it not?
I think that since they are out of date they can be sold as replicas.
@johndziegiel588 U.s. currency goes not have an expiration date.
@@fredlaughlin6343 then how can they be openly sold on FB marketing and other online sites?
I've gotten fakes from someone who wanted me to make coin rings out of them and I had to let them know that they bought fakes. I do have a real one that I got from my grandma after she passed away, it's an uncirculated 1880 S.
Just wondering what a real 1880 Morgan might be worth?
Yeah...i had a 1884 morgan that was a bolo tie my Dad wore...had alot of stuff stored in a barn...the barn burnt down but we found that "morgan" while we cleaned up the burnt mess...that coins silver coating was gone and it was a copper coin now...i do think it was a u.s. minted coin though
I’m guessing you didn’t have a real Morgan to show us in comparison with the fakes. That was what I was hoping for. You said it was obvious as soon as you saw them. Personally, I am not well enough acquainted with the Morgan Silver Dollar to know the difference by eye. To see the difference would be a natural. Perhaps you can hold on to the fakes long enough to make a video showing a good long close-up of the two side by side. Thank you for this video. Even without the comparison it was worthwhile and very educational. It was a sad story, especially because someone held these coins for a very long time, believing they were going to bestow something of value to a loved one. At least the sentimental value remains. I wish him success in making the coffee table and I hope it brings him great joy and that he can pass the table with all its family history on to future generations. 🙏❤️
I agree my apologies. Check out yesterday's video I fixed all that
@@SilverSeeker
Excellent job on the coin show video. It was the perfect follow up and very well done! Exactly what I was hoping for! You really put in a lot of effort to satisfy the curiosity of your fans that were only curious because of the interesting topic of the original video that you put out. I was chief among the complainers. Kudos to you Seeker! 🏆👏🙏❤️
My question is how do you know you are getting the real thing even if you buy from a big dealer?
Here is my concern: for instance, I buy a 1884 S Morgan silver dollar and it is in fact exactly what a 1884 S Morgan silver dollar should be. Except it was minted in the past few years. It's in almost uncirculated condition and commands a nice premium. It is an exact replica but you wouldn't know it. It passes all tests. But it is not genuine. The only way I can think of to test it would be to analyze the precise atomic isotopic mixture. Perhaps the metallurgy used back then would have to be matched if such a replica coin were reproduced today. Then again, some "worthless" Morgan silver dollars could be melted down to match the actual silver from the time period. Perfect replicas could probably be found almost anywhere. Possibly.
I recently got some VG+ Peace Dollars from SD for $26.99. Most of them look somewhere between the VG and the cull pictures on their website. They all sound good on a drop test and pass the Sigma test.
Depending when purchased, they may be from Japan that was our China back in the 50's-70's approx.then for poorly made or copied items.
I honestly don’t think someone had these for “Decades “.
The fact that everyone of these looks almost the same, is a tell that something isn't right.
Interesting that I thought instantly they were fake as well. It seems the forgers flatten the relief if the coin in the attempt to make it look old. But the worn look is too uniform.
Coffee table is a great idea!!
I would like to propose an alternate thought that you could pass along to the owner. That would be a "what if" scenario. What is somebody in the not-too-distant past was aware of the collection and they were genuine? Knowing that, would there have been an opportunity for a coin swap for the fakes?
Now another question: The Chinese make fakes of our old coins, but does anyone make fake Chinese coins to sell to them? Yeah, I doubt that too....
For those of us non-experts, I certainly couldn't tell "just by looking at it" or hearing it...since I have no reference. They're metal & have the generally correct design, & look old. I guess that just proves the point: Go to an expert for a coin investment.
Yea I'm sorry about that... my next video was a follow up video that did some side by sides with coin dealers if that helps.
Morgan Dollars were used in America, Trade Dollars were sent to overseas markets, mainly to China. When they were recieved in China two chop marks were made on the trade dollars to make sure they were silver. Trade Dollars were a seated liberty on the face and had a higher silver weight to match what was used by other countries. I have an 1876 CC Trade Dollar in extra fine condition with no chop marks. This one was never sent away to China. A true oddity in trade dollars.