1795 Draped Bust Silver Dollar Fake Or Real
When it comes to collecting coins, one of the most sought-after pieces is the 1795 Draped Bust Silver Dollar. This coin is highly valued due to its rarity and historical significance. However, with such high demand comes the risk of counterfeit coins flooding the market. In this article, we will explore how to determine if a 1795 Draped Bust Silver Dollar is fake or real.
History of the 1795 Draped Bust Silver Dollar
The 1795 Draped Bust Silver Dollar was designed by Robert Scot and was the second design for the newly established US Mint. The coin features a portrait of Lady Liberty on the obverse side, with a draped bust and flowing hair. The reverse side features an eagle with outstretched wings, surrounded by the words "UNITED STATES OF AMERICA" and the denomination "ONE DOLLAR."
Only 42,738 of these coins were minted, making them highly valuable to collectors. The coin is also significant because it was the first silver dollar minted by the US government.
How to Spot a Fake 1795 Draped Bust Silver Dollar
There are several ways to spot a fake 1795 Draped Bust Silver Dollar. The first thing to look for is the weight of the coin. Authentic coins should weigh around 26.96 grams. If the coin is significantly lighter or heavier, it may be a fake.
Another thing to look for is the edge of the coin. Authentic coins should have a lettered edge with the words "HUNDRED CENTS ONE DOLLAR OR UNIT." If the edge is smooth or has a different inscription, it may be a fake.
The overall appearance of the coin can also be a giveaway. Look for any signs of wear or damage that may indicate the coin is a replica. The details of the coin should be crisp and clear. If the details are blurry or indistinct, it may be a fake.
Professional Authentication
If you are unsure about the authenticity of a 1795 Draped Bust Silver Dollar, it is best to have it professionally authenticated. There are several organizations that offer authentication services, including the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC).
These organizations will examine the coin and provide a grade based on its condition and authenticity. This can be helpful for collectors who want to ensure they are getting a genuine coin.
Conclusion
The 1795 Draped Bust Silver Dollar is a highly sought-after coin that is prized by collectors. Unfortunately, the high demand for these coins has led to the circulation of many fakes. By knowing what to look for, you can avoid purchasing a counterfeit coin. If you are unsure about the authenticity of a coin, it is always best to have it professionally authenticated.