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Owner Tony Davis Suspects Fake Silver Dollars Made in China

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A local man purchased 40 silver dollars from a street vendor near the airport outside the Atlanta Farmers’ Market. Forest Park police called in our very own coin expert and store owner, Tony Davis, to assess whether or not the silver coins were counterfeit.

The collection was said to be Morgan silver dollars. They were dated from the 1890s and marked minted in Carson City, Nevada. However, once home, the man used a magnet and suspected that the set of coins were made out of steel instead. He had paid $240 for fakes.

Tony examined the man’s counterfeit dollars using special scales, calipers, and the years of experience he had working with gold and silver. He concluded that the supposed silver coins were indeed replicas.

With the case solved, Tony gave a few tips on how to determine whether or not a silver coin was real. He advised that when purchasing coins, beware of neatly packaged Morgan silver dollars. Perfectly encapsulated coins are often a sign that they might be fake. Counterfeit silver dollars also tend to lack the fine details. They have a tendency to appear artificially aged, and they will most likely stick to a magnet. Real silver coins will not. Tony suspected the coins were mass-produced in China.

“If it sounds too good to be true, it probably is,” said Tony.

The police confiscated the counterfeit silver dollars.

Picture of Tony Davis
Tony Davis
Tony Davis is the owner of Atlanta Gold & Coin Buyers, a full service Atlanta based coin and bullion dealer specializing in buying, selling and appraising coins and coin collections of all types and sizes. Tony frequently writes on various economic and numismatic related topics affecting the coin and bullion markets and has been published on some of the industry’s leading websites, including Coin Week, the American Numismatic Association, Coin Collector, Coinflation, and Coin Auctions Help, just to name a few. Visit Atlanta Gold & Coin’s website at atlantagoldandcoin.com to obtain additional information on the products, services and educational resources offered by his company. Tony can be reached at sales@atlantagoldandcoin.com or at 404-236-9744

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