Sometimes you see something and it's just too good to be true. That was the case with the most recent batch of Sterling scrap I got. It looked decent enough at first glance, but then I noticed something interesting.
When I looked in the bag, it had what looked like a Morgan dollar in it.
The 1893 year piqued my interest, so I opened it.
Holy cow! An 1893 "O" Morgan! For those who don't know, this coin in far worse condition than this go for $200 easily. There are so few left, these are hard to come by. No way someone accidentally included a $200 coin in a lot of scrap.
So, I grabbed my Sigma to test it.
It failed the pre-1900 test.
It wasn't even close on the pre-1945 test. I was 99.99% sure by now that it's a fake.
I grabbed my 1921 Morgan dollar and weighed it.
Then I weighed the suspect "Morgan dollar."
Not even close!
A real Morgan dollar is 38mm in diamater.
The fake, not so much.
Some of the fakes were still made of 90% silver, so I'm going to take it in to the pawn shop near me. There are a couple of other pieces that are also suspect, so I'm going to ask them to test them with their XRF gun in order to identify the composition. If it's still 90% silver then I'll still come out ahead on the lot. If it's not, you can bet I'm getting a refund.
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