PCGS 7226 - 1893-S $1
COUNTERFEIT 1893-S Morgan Dollar
The 1893-S Morgan Dollar is the lowest mintage regular issue silver dollar coin produced from 1878 through 1921. It is considered the dominating coin for the entire Morgan dollar series.
The approximate mintage of the 1893-S dollar has recently been updated by many specialists, including in the Guide Book of United States Coins or the Redbook. In previous years the mintage was listed at 100,000 coins. In the most recent issue of the 2009 Redbook the mintage is now listed at 77,000 coins or a 23,000 decrease from the original listed mintage, making it even rarer than originally beleived.
The 1893-S Morgan dollar is one of the most susceptible coins for alteration. Its high demand amongst silver dollar specialist results in its high value which is worth thousands of dollars even in the very lowest condition.
Shown above is a counterfeit 1893-S Morgan dollar which had the S mint mark added to make it appear as a genuine coin and if authentic it would be worth thousands of dollars in its current state of condition. The current example may have fooled many collectors and in fact this coin was purchased at a high premium by a long time collector years ago as a genuine coin.
A genuine 1893-S Morgan dollar has a couple of diagnostics which assist in determining a genuine coin from a counterfeit coin. A genuine 1893-S Morgan dollar will have a raised diagonal line in the "T" of Liberty toward the top of the center base of the "T." A second diagnostic is on the "R" of Liberty. The “R" will have a die chip in the foot of the "R."
The imaged counterfeit coin lacks both these diagnostics and to the trained eye, the coin can now be distinguished from an original or a counterfeit 1893-S Morgan dollar.