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Counterfeit Trade Dollars have pretty much flooded the market over the past decade. If you want to make sure you buy a real coin, the surest route is to buy a Trade Dollar that's been authenticated and graded by PCGS, NGC, or another recognized service. If you're considering a raw—or uncertified—coin, however, there are almost always tells that will give away the difference between a real coin and a counterfeit one. We've rounded up some common giveaways that will help you spot a forgery!

1

Try to pick up the coin with a magnet.

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  1. This is a simple test that will tell you right away if a Trade Dollar is real or not. The Trade Dollar is a silver coin, and silver coins are not magnetic, so it definitely shouldn't stick to a magnet.[1]
    • Some coins will stick to magnets, but not silver Trade Dollars.
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3

Weigh the coin.

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4

Examine the images on the coin carefully.

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  1. It can be hard for a counterfeiter to exactly replicate every detail of a Trade Dollar. Look for tiny giveaways, like whether they eagle's eyes are wide open (they should be half closed) or areas where it looks like the details were chipped out by hand. If you spot a mistake, you can be 100% sure you have a fake coin on your hands.[6]
    • On the front of the coin, Lady Liberty is sitting on stacked boxes, facing the viewer's left. She has a sheaf of wheat near her back, she holds an olive branch out to the left over the sea, and she's barefooted.
    • The eagle's neck should look full, its right wing (on your left) should be slightly higher than its left, and feathers should cover most of the legs. The eagle should also be looking to your right. Also, the eagle is holding 3 arrows in its right talon and an olive branch in its left.
6

Look for uniform denticles and reeding.

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8

Be realistic about the price.

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  1. Look up the value for the coin you're considering.[9] Depending on the grade and rarity, some Trade Dollars can be worth hundreds of thousands of dollars! The chances that you'll pay significantly less than market value is pretty low, so be really skeptical if you see one being offered well below what it's worth.[10]
    • Don't let this be your only guide—if someone bought a counterfeit Trade Dollar thinking it was authentic, they may try to sell it for its actual market value, either knowingly or unknowingly.
10

Verify that the numbers and letters have the right font.

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Community Q&A

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  • Question
    What kind of metal is in the counterfeit trade dollars that were made for the Orient in the 1870's?
    Community Answer
    Community Answer
    Counterfeit trade dollars are almost always base metal. Real trade dollars are .900 silver.
  • Question
    How much is a fake trade dollar normally worth? I'm selling.
    Community Answer
    Community Answer
    Selling money you know to be counterfeit is normally worth up to 5 years in prison and a $250,000 fine, as it's a federal crime.
  • Question
    How do I tell if my trade dollar is real or counterfeit?
    Community Answer
    Community Answer
    Best way is to weigh it. 90% silver would be around 27 grams. Fake ones are 18 - 19 g. A kitchen scale should do the trick.
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Tips

  • You may sometimes find Trade Dollars with Chinese symbols stamped into them. These are called "chop marks" and they were added to the coins when they were circulated in Asia.
  • Sometimes chop marks may add to the value of a coin.
  • Until you can become an expert in identification of counterfeits, it's best to buy certified coins from reputable dealers.
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Warnings

  • If you must buy coins online, buy PCGS, NGC, or ANACS certified coins. Even then, be aware that the certification might be fake.


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About This Article

Max Hockley
Reviewed by:
Numismatics and Precious Metals Expert
This article was reviewed by Max Hockley. Max Hockley is a numismatics expert based in New York City. With over 15 years of experience collecting coins, he is the creator of the Silverpicker YouTube channel, where he informs, educates, and entertains people about numismatics, precious metals stacking, and personal finance. His channel has over 238K subscribers on YouTube. Max has been creating content on YouTube since 2011, and frequently teaches his subscribers about making money from buying precious metals and coins. He received a BA in Philosophy and Chinese and an MBA from Emory University. This article has been viewed 143,593 times.
37 votes - 89%
Co-authors: 11
Updated: February 19, 2026
Views: 143,593
Categories: Managing Your Money
Thanks to all authors for creating a page that has been read 143,593 times.

Reader Success Stories

  • Brian P.

    Brian P.

    Sep 5, 2022

    "I bought a Trade Dollar recently for my type collection. When I placed it in the holder, it fell straight through...." more
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