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<p>[QUOTE="Ed23, post: 2078088, member: 32117"]Doug1974 ... You bought the commonest of common date Morgans. Still it is a nice looking coin. A word of warning ... there are a bunch of Chinese "artists" out there producing about as many fake Morgan Dollars as the US Mint ever minted. For example, I received a set of Morgan and Peace Dollars last week to evaluate for sale and in just eye-balling it I immediately pulled 5 fakes out. I found out from the owner that he paid almost $6,000 for these 5 fakes, and he didn't have any receipts for them so he could get his money back. So as a new collector I suggest you 1) keep ALL receipts, 2) weigh every coin, 3) examine every coin under high magnification and compare every detail against a known genuine coin, 4) test every coin you purchase, 5) NEVER buy anything from China, and finally 6) don't be misled into believing that every coin in a slab is genuine. You do these 6 things to protect yourself against being ripped off, and so when you sell them you can do so knowing with confidence that your coins are genuine.[/QUOTE]</p><p><br /></p>
[QUOTE="Ed23, post: 2078088, member: 32117"]Doug1974 ... You bought the commonest of common date Morgans. Still it is a nice looking coin. A word of warning ... there are a bunch of Chinese "artists" out there producing about as many fake Morgan Dollars as the US Mint ever minted. For example, I received a set of Morgan and Peace Dollars last week to evaluate for sale and in just eye-balling it I immediately pulled 5 fakes out. I found out from the owner that he paid almost $6,000 for these 5 fakes, and he didn't have any receipts for them so he could get his money back. So as a new collector I suggest you 1) keep ALL receipts, 2) weigh every coin, 3) examine every coin under high magnification and compare every detail against a known genuine coin, 4) test every coin you purchase, 5) NEVER buy anything from China, and finally 6) don't be misled into believing that every coin in a slab is genuine. You do these 6 things to protect yourself against being ripped off, and so when you sell them you can do so knowing with confidence that your coins are genuine.[/QUOTE]
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