1798 Bust Dollar

I like to know how much does it worth a 1798 Bust Dollar (silver) (13stars) circualetd & Business Strike coin.

thank u:thumb:

 

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Pictures would help us decide the price, plus the variety could also impact the price. Not sure since I do not know a whole lot about them.

 

Be very careful. These coins are often found to be couterfeits. Without pictures, it's difficult to be sure (and even with often difficult).

That said, Mark is dead on correct, and I will add the amount of detail (i.e. grade) is also important. To get a feel for the prices, I'd suggest you go to the Heritage Auction Archives and take a look at a few auctions of a simliiar coin.

Take care...Mike

 

p.s. to answer your question directly a circulated 13 star 1798 bust dollar can range in price from as little as a few hundred dollars to more than forty thousand dollars -- depending on the quality of the coin (i.e. grade).

 

It was a couterfeit coin! FAKE!

The dealer wanted to sell me this fake coin for 125$
& when I told him, the real bust dollar is written on the edge, he told me, that's another coin I have, he showed me the real one,and he wants 700$ for it.

The dealer believes this is not a fake coin,but another mint. But I don't.

@ Leadfoot Thanks for noticing me about the counterfeit coins, anyway I wasn't going to buy a bust without edges.
but this one, is a counterfeit bust dollar....never seen before.

 

I asked the dealer to photograph the coin, and he wasn't having any probleme.

 

Tell him that there was only one mint in the US at that time, and that Liberty was never that ugly.

Also, go to ebay and look up Bust $'s. Many from China will look exactly like that one.
Hint: China= fake.

 

This is a very easy fake to spot. The coin has a rim as if it was made with a collar. (Collars were not used to produce dollar coins until 1836.) Notice the size and location of the date - all wrong. Liberty's profile is wrong (and ugly). The stars are too far from the edge, too small and several are oriented incorrectly. And that's only the obverse.

 

The date is incredibly wrong and the surface of the metal is too.

 

So true but the Op didn't say the dealer said it was another mint in the US, just another mint, so the fact that that mint was in China, doesn't make him wrong. But as to being a counterfeit/fake, once it's understood that this was probably minted in China and mints in China were never authorized to mint this coin, then it's without question it's a counterfeit, but maybe the coin dealer is an idiot and didn't know this? :rolling:

I wouldn't mind getting to browse his store for some great deals, since he's so stupid. There's bound to be some great deals to be had. But if there aren't, I'd have no problem with saying he isn't stupid but rather, he's an unscrupulous dealer and should be shot! :hammer:

Ribbit

Ps: Get a picture of the one for $700.00 and post it. It may be a great deal! :thumb:

 

I guess in a twisted way, the dealer is correct. It isn't a fake coin. It's a real coin. It just happens to be counterfeit.

 

You're using the word "Mint" rather loosely I think. Personally I don't think of a couterfeit operation with a coin press and couterfeit dies as a "Mint".

 

@HandsomeToad, nice idea, I will do it next time, but I don't have 700$ to buy it
@Treashunt The dealer says it was minted in US,He didn't say it was minted from China.
But who knows if the cowboys faked this dollar at that time in America.
This coin was not silver 99% too! maybe 50% silver and 50% nickel mixed.

@ Hobo, I noticed them too: Here is the reserve bigger size:

 

Can u explain please?

 

Here's Dictionary.com's answer to that:

1.a place where coins, paper currency, special medals, etc., are produced under government authority.
6.to make (coins, money, etc.) by stamping metal. 7.to turn (metal) into coins: to mint gold into sovereigns.

Your view is #1 and because the actual situation falls under # 6 & #7, then it technically does not qualify as a being a mint, unless the government of China was involved, then the situation might qualify for definition #1.

Ribbit

Ps: I am not arguing your interpretation because I agree with it, I just allow for the more liberal usage of the word, as definitions 6 & 7 could be interpretted.

 

Are we talking about the noun or the verb? I thought we were talking about the noun.

 

Silver is lighter than nickel and these coins actually weigh around 19 grams, when the real one weighs around 27 grams, so the loss in weight is due to a lighter metal being used, not a heavier metal. I've heard the term "white copper" used and I'm not quite sure what that is but I think it's some type of "pot metal" and pretty much worthless and the silver content of these is on the surface (silver coated), if any.

These can be bought for around 1 to 2 dollars on Ebay.

Ribbit

 

Technically it's a noun and why # 1 is the proper definition for a mint and I modified the last bit of my last post to correct for this. I wrote that before I finished the first part and forgot to alter it afterwards.

Ribbit

 

What do you think of such an operation as?

I see it as an unofficial or unauthorized mint. Because a Mint is a place at which coins are made. In this case counterfeit coins. Could call it a counterfeit Mint.

What would you call Machins Mills? they struck counterfeit British halfpence which did circulate. And they also struck both counterfeit and genuine state coinages. (possibly counterfeit Fugio cents as well.) Was it a Mint?

 

Toad,

You should go into politics. With all the smoke and mirrors nobody can follow your reasoning.