Counterfeit Coin

I was going through some more of my brother's stuff and found a coin I could not identify. Turns out it is a counterfeit 5 dollar gold piece. It is struck on a silver planchet and is as old as it dates. There are faint traces of gold plating left on it. Where a real 5 dollar gold coin weighs 8.359 grams this counterfeit only weighs 5.43 grams.

Very interesting! I know some contemporary counterfeit coins are worth a little bit of money.

So cool! :)

I've been thinking about this counterfeit coin you found. Most counterfeit coins are cast. This coin has been struck on a silver planchet, not cast. Is it possible that it is a mint error of some sort, or maybe made by a mint employee on the sly? I think it would be worth sending off the NGC to be identified/graded. You may actually have something that is quite valuable! (seriously). Dave.

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Originally Posted by Full Metal Digger

I've been thinking about this counterfeit coin you found. Most counterfeit coins are cast. This coin has been struck on a silver planchet, not cast. Is it possible that it is a mint error of some sort, or maybe made by a mint employee on the sly? I think it would be worth sending off the NGC to be identified/graded. You may actually have something that is quite valuable! (seriously). Dave.

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I wist it was a valuable coin. According to some knowledgeable people on a Facebook group there are a handful of this variety known and it has a value between $75-&100. If it didn't have the hole it would be twice that. Here's a link to the page. Scroll down about four or five posts to find mine.
https://www.facebook.com/groups/845348399902181