Fake Counterfeit Coin Question

so I know they just passed a new hobby law stating that you can't sell a counterfeit coin without it having the word copy on it. My question is how do you go about trading/selling older cast fakes legally? I have this 1850-O that I bought from an antique shop that was fake and I no longer want it in my collection but don't want to just throw it away.

The antique shop I bought it from said it was cast in real silver, it weighs 25.1 grams and is non magnetic.

I have someone wanting to do a trade of 90% silver and he knows it's fake, I told him it's fake, he said he doesn't care he just wants to fill his hole in his type set.

Anyone help here?

 

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Put it in a holder and write fake/copy on the holder and let him have it.

 

Without the word copy on it it's illegal to sell . I'd buy some punches and punch copy on it like it's supposed to be . People will just take it out of the holder and later down the line someone will buy it as real . Not saying your friend will , but after he's gone no one will know it's fake unless they're a collector and even then some will be fooled . One of those vibrating engravers would work too .

 

Could I ask the dia. and weight ?

 

Interesting that the coin has seen so much circulation. In lower grades, the 1850 plain is worth more; at around the OP's grade, the 1850-O begins to pull ahead in value.

 

can I mark it on the rim?

 

I thought that coins created before 1973 did not have to have the word copy on them. If this is true, I guess the problem would be then how do you know when something was created.

 

Why do you think it's an old cast silver replica rather than a modern struck one?

 

That's what the seller at the antique shop told me

 

I don't see any casting bubbles or ledges (but they may be there).

 

You might want to see if it's even made of silver. The magnet test is not particularly reliable for that. Personally I think the second set of photos show the dull gray which usually is not silver (at least not high purity silver). If you have some strong magnets, consider doing the "magentic slide" or other test of electromagnetism. If it's silver it should be weakly attracted by a magnet when an electric current runs through it via friction or other force.

 

Plus the edge reeding looks too good for an old casting.

 

Not all castings have casting bubbles , some modern casting methods make for a pretty accurate replica , though it may be off in size . That said I think I see some casting holes on Liberty's dress . The reeding does look good for a casting , and there must be an area where the metal was fed into the mold . If you look hard enough you should find it if it's a casting . When I asked size I meant with a caliper or micrometer as they're usually smaller than the actual coin .If you don't have a caliper the next best thing would use another silver dollar and compare the size side by size to see if it's smaller .

 

Selling of contemporary counterfeit coins is legal, as per my understanding.

example: see http://www.seateddimevarieties.com/FS_Lists/bogo.htm

Gerry Fortin would not/could not openly advertise these for sale.
My understanding is that sales are okay, as long as these are considered collectibles, and not intended to deceive.

 

and also here:

http://www.davewcoins.com/store/c1/Featured_Products.html

Dave of
Dave Wnuck Numismatics LLC

is a well known dealer

 

Gerry Fortin = Impressive material. Some errors in his alloy classifications.

Wnuck = most known for his recent Stacks/Bowers Spanish-American Counterfeit Collection particularly the Kleeberg Counterfeit 2 Reales.

John Lorenzo
Numismatist
United States

 

I didn't follow the changes in new law. What really changed from the old one?

 

If a cast piece there should be signs of a casting port on the rim. Look for any misaligned reeds; reed repair. Any 'reeding' that deviates from normal could indicate metal entry port.

 

That looks like a current struck counterfeit, probably not even silver. If the size and thickness is right, then it's likely not silver. For a 90% silver planchet the right size to lose 1.6 grams (6% of the correct mass), you'd have to drill a hole in it over 9 mm in diameter.