Got taken advantage of 1 1

[Tridmn]

Bought this for 10 and after weighing it on both sets of my scales. Supposed to be right at 27g. This one is 21g.

[Walter Holmes]

Too many counterfeit coins from China. Rule of thumb:  Morgan’s  will not sell for less than the silver melt value plus a premium. Sorry this happened to you. Seen a lot of these lately. Do you have any recourse to get your money back? 

[Woods020]

I’m sorry but this one is on you. Shame on the seller for sure, but how did you expect to get an authentic 1895-S Morgan for $10? Any Morgan has more base silver than that, much less a hard date. Do more research before you buy my friend. Best $10 education you will ever get. 

[Just Bob]

On 11/26/2021 at 8:53 PM, Woods020 said:

I’m sorry but this one is on you. Shame on the seller for sure, but how did you expect to get an authentic 1895-S Morgan for $10? Any Morgan has more base silver than that, much less a hard date. Do more research before you buy my friend. Best $10 education you will ever get. 

Yep

[J P M]

Wow I am sorry you got a bad coin, but just at a quick look it is so fake the stars the dental and rim are screaming at my eyes.

Edited November 27, 2021 by J P Mashoke

[Mr.Bill347]

Well it is THANKSgiving! Give thanks it was only $10. A very valuable lesson learned for a very reasonable price.

[Mohawk]

On 11/26/2021 at 9:53 PM, Woods020 said:

I’m sorry but this one is on you. Shame on the seller for sure, but how did you expect to get an authentic 1895-S Morgan for $10? Any Morgan has more base silver than that, much less a hard date. Do more research before you buy my friend. Best $10 education you will ever get. 

Yes indeed.  There's no way you'd ever get any Morgan for $10, let alone a key date.  This is a sure sign that the OP needs to do a lot more homework before buying any more coins.  I hate to say it, but this is a spectacular error that almost falls under the realm of common sense in the coin world.  The 1895-S Morgan is a well known key date coin and has been for decades.  OP....please do more reading and research on coins before you make any more purchases that aren't certified by NGC or PCGS.  You're lucky this was only a $10 mistake.  It could have been a lot more.  Certainly, the seller has blame here, but in this instance, the OP does as well because of the clear lack of proper research and education before making coin purchases.  

Edited November 27, 2021 by Mohawk

[Tridmn]

On 11/26/2021 at 8:52 PM, Walter Holmes said:

Too many counterfeit coins from China. Rule of thumb:  Morgan’s  will not sell for less than the silver melt value plus a premium. Sorry this happened to you. Seen a lot of these lately. Do you have any recourse to get your money back? 

With it only being ten bucks. Nothing would be done even if I did

[Tridmn]

On 11/26/2021 at 8:53 PM, Woods020 said:

I’m sorry but this one is on you. Shame on the seller for sure, but how did you expect to get an authentic 1895-S Morgan for $10? Any Morgan has more base silver than that, much less a hard date. Do more research before you buy my friend. Best $10 education you will ever get. 

Guy looked like he was down an out on his luck at a casino; he offered it to me for 10

[GBrad]

I'm feeling very kind and heartfelt tonight (as opposed to some other nights when I speak my mind after my meds....... please forgive me for those instances that I sometimes regret) so I'm going to try to make @Tridmn feel a tad bit better here (but still, a good learning lesson and some very good advice from our fellow friends and forum members here).  First of all, an S minted Morgan of this year, in the lowest of XF40 condition, still sells for around $1,000 bucks!  Not to mention the lowest of grades, a 2... sells for $200 bucks.  I do agree that the seller of this coin is a total dirtbag for even attempting to sell this fake.  However, as said previously, be VERY GLAD you did not pay more than $10 dollars for it! That is a blessing in and of itself.  Hey.... we all make mistakes!  We are human and we will always make mistakes.  BUT....... had you done some research on this one, you wouldn't be out $10 bucks (thankfully that's all) for this purchase.  No idea where you purchased it from but I STRONGLY urge you to utilize PCGS Photograde pics to compare any future Morgan, or any denomination purchases for that matter, to the price guide here on both NGC and PCGS as well.  Photograde is a great tool to use to look at all of the minute details of any coin you may decide to purchase online in order to possibly discern a real coin from a counterfeit. This coin of yours screams fake all day long had you compared it to known examples.  Seller content, history, feedback and ratings are among a few things are absolutely PARAMOUNT when purchasing online, as well as their return policies.  I can just about bet that you have no recourse for this one due to the illegitimacy surrounding this Morgan.  Like I said, we have all been burned (some more than others) but you definitely came out good on this one (price wise) for not having spent more than you did.  Just trying to give you some encouragement here Tridmn.  

Edited November 27, 2021 by GBrad

[Tridmn]

On 11/26/2021 at 10:12 PM, Mohawk said:

Yes indeed.  There's no way you'd ever get any Morgan for $10, let alone a key date.  This is a sure sign that the OP needs to do a lot more homework before buying any more coins.  I hate to say it, but this is a spectacular error that almost falls under the realm of common sense in the coin world.  The 1895-S Morgan is a well known key date coin and has been for decades.  OP....please do more reading and research on coins before you make any more purchases that aren't certified by NGC or PCGS.  You're lucky this was only a $10 mistake.  It could have been a lot more.  Certainly, the seller has blame here, but in this instance, the OP does as well because of the clear lack of proper research and education before making coin purchases.  

Just a little harsh aren't you? I know the old saying "if it's to good to be true, then it probably is". If you could who actually make that much of a holder's collections? I didnt have scales on me. Weighing coins along with other weighed things......think that woultve had a negative reactions so blind unlucky.

[GBrad]

But look at the bright side...... I don't have an overlay for a Morgan at the moment but is that a die clash on the upper cheek (or maybe acne..)?????  Sorry.... just some more of my needless humor here........ Just trying to lighten it up.....

[Mr.Bill347]

On 11/27/2021 at 1:09 AM, Tridmn said:

Just a little harsh aren't you? I know the old saying "if it's to good to be true, then it probably is". If you could who actually make that much of a holder's collections? I didnt have scales on me. Weighing coins along with other weighed things......think that woultve had a negative reactions so blind unlucky.

Tridmn  with all due respect the gentlemen here are truly professionals and are not being harsh other than to warn you about this huge problem in the coin world. These guys could spot a fake from the top of a ten foot ladder! It is very prevalent , I know this because I and probably most of them have been hit by this truck! We are all encouraging you to be extremely careful when buying coins. We encourage you to truly enjoy collecting.but there is a ton of places to research coins .

try to follow these rules:

trust no one but verify that they are selling legitimate items as someone on EBay who has sold thousands of coins  vs some guy you don’t know.

do at the very least a Google search on the coin, read the facts, sizes, weights etc.

check the PGCS or NGC price guides or the photo grade app to determine a reasonable purchase.

if it’s too good to be true , in the coin world it is.

best of luck just be skeptical 🤨 

Edited November 27, 2021 by Mr.Bill347
Sp

[James Zyskowski]

Please listen to Bill and the others. Stick around and you will get better at this and as newbies come in you can use your experience to help. 
It took me a while to remember how fast and convenient having a phone with internet is. Any place (almost) good information is available. From the person selling because they are down on their luck to pawn or coin shops. I can get a quick estimate. 

[JKK]

On 11/26/2021 at 10:09 PM, Tridmn said:

Just a little harsh aren't you? I know the old saying "if it's to good to be true, then it probably is". If you could who actually make that much of a holder's collections? I didnt have scales on me. Weighing coins along with other weighed things......think that woultve had a negative reactions so blind unlucky.

I didn't think it was even a little harsh. He did everything in an educated man's power to avoid speaking the plain blunt truth, which was extremely tactful of him considering what you say you did. You ought to be very grateful for that, but evidently you aren't, which is a bad choice. I can see why you're sensitive about it, though, considering. I'd be embarrassed too.

[Coinbuf]

This is an obvious fake, now given that you were in a poorly lit casino (not a place to buy coins by the way) it may have seemed more legit at that time.   But really you did not get taken advantage of you allowed your self to be taken advantage of.   There is a difference.   Its nice that you wanted to help out another person, and in the greater scheme $10 is really not going to be much of a loss for you or most, but you could have actually helped several truly struggling people by donating that $10 to a food shelter.   In the end you have a $10 paperweight and instead of helping a struggling person you enriched a con man.

[Conder101]

On 11/27/2021 at 1:01 AM, Tridmn said:

Guy looked like he was down an out on his luck at a casino; he offered it to me for 10

This is a very common scam.  Back when I was younger and there were very few casino's the scam used to commonly take place in bars.  Usually back then the coin of choice was the Blake and Company $20 gold pieces.  Standard spiel was some sob story and that the only thing they had left was the grandfathers old gold coin.  They would have a copy of the Redbook with them where they could show the mark that the coin was worth thousands (Why the mark never wondered why they would be carrying a Redbook with them I'll never understand.) and offer to sell it for a few hundred.  (Someone tried to pull this on my girlfriends father.  He knew I knew about coins so before he bit the deal he decided to call me and ask about it.)  What they were actually selling was a copy of the Blake &Co twenty that back in 1970 Chevy dealers used as a promotion for the Plymouth Gold Duster.  Anyone who took a test ride was given one of the copies.  It finally got bad enough that Whitman finally took the listing out of the Redbook.

Edited December 1, 2021 by Conder101

[RWB]

Complain to ANA -- they are supposed to benefit collectors....

[Keith Dee]

Post it on Etsy. Anyone who buys off that site will surely buy it 😂 For some reason I think the seller knew himself what he had wasn’t real and sold it to you at what the replica is actually worth to someone who wants a Morgan dollar  but doesn’t. I guess it really would top your unluck if the guy hit it big off your $10🤣

[Tridmn]

On 11/26/2021 at 10:12 PM, Mohawk said:

Yes indeed.  There's no way you'd ever get any Morgan for $10, let alone a key date.  This is a sure sign that the OP needs to do a lot more homework before buying any more coins.  I hate to say it, but this is a spectacular error that almost falls under the realm of common sense in the coin world.  The 1895-S Morgan is a well known key date coin and has been for decades.  OP....please do more reading and research on coins before you make any more purchases that aren't certified by NGC or PCGS.  You're lucky this was only a $10 mistake.  It could have been a lot more.  Certainly, the seller has blame here, but in this instance, the OP does as well because of the clear lack of proper research and education before making coin purchases.  

I haven't done much reading or just looking on Morgans. I've only ever had one, I think. Around 20 yrs ago. That's when my so called dad stole all of my old coins and bills. So, yes I am understudied. I definitely need more knowledge. So I'm reading and listening to as many old money videos and even comparing them. So, I am trying.

[Tridmn]

On 12/1/2021 at 8:21 PM, Keith Dee said:

Post it on Etsy. Anyone who buys off that site will surely buy it 😂 For some reason I think the seller knew himself what he had wasn’t real and sold it to you at what the replica is actually worth to someone who wants a Morgan dollar  but doesn’t. I guess it really would top your unluck if the guy hit it big off your $10🤣

If he did I never saw a dime from it lol.

[Tridmn]

On 12/1/2021 at 1:05 PM, RWB said:

Complain to ANA -- they are supposed to benefit collectors....

Who is ANA?

[Hoghead515]

On 12/2/2021 at 4:08 AM, Tridmn said:

Who is ANA?

American Numismatic Association

[Just Bob]

That question speaks volumes.

[RWB]

On 12/2/2021 at 8:45 AM, Just Bob said:

That question speaks volumes.

...and ANA is silent.

Discussing counterfeiting with ANA reminds me of the old "Mad Magazine" character "Alfred E. Newman" and his popular phrase, "What, me worry?"

[Mohawk]

On 12/2/2021 at 4:05 AM, Tridmn said:

I haven't done much reading or just looking on Morgans. I've only ever had one, I think. Around 20 yrs ago. That's when my so called dad stole all of my old coins and bills. So, yes I am understudied. I definitely need more knowledge. So I'm reading and listening to as many old money videos and even comparing them. So, I am trying.

That's good but something you said raises further concern......you said videos.  Do you mean YouTube videos?  Because if you do, the vast majority of those are absolute garbage.  The only videos on YouTube about coins that would be good learning material are ones from reputable numismatic organizations, such as the ANA and PCGS.  Avoid any that are not connected with a reputable numismatic organization as they are likely feeding you misinformation that's only going to make things worse for you.

[VKurtB]

On 12/2/2021 at 9:58 AM, RWB said:

...and ANA is silent.

Discussing counterfeiting with ANA reminds me of the old "Mad Magazine" character "Alfred E. Newman" and his popular phrase, "What, me worry?"

The ANA fights counterfeiting with education. That is their mission. Tackling them legally is NOT WITHIN THEIR BAILIWICK, regardless of what one present blowhard member may believe. They DON’T do it because they CANNOT do it.

The “blowhard” is on record asking the ANA to take action against a member for the act of counterfeiting and the ANA has determined no counterfeiting is in evidence. The “blowhard” has lost ALL credibility on this issue. He believes that word similitude means things it does not.

Edited December 3, 2021 by VKurtB

[Joydeep]

Is there any way OP can determine the composition of this....an important lesson indeed but not necessarily a loss yet (I know its like expecting decency from a counterfeiter but I am being optimistic for the OP's sake).

[scopru]

You paid $10 for a fake.  Hopefully you will learn something from all the different pieces here - your knowledge level, silver content of a coin and spot price, what exactly the coin is (rarity) and most importantly - buying stuff from a rando in a casino.  From all angles $10 is a more than fair price for all the learning you can take from this experience. 

[Mikhail2400]

$10 well spent in my opinion. Not only did you learn a valuable, yet cheap, lesson you also received a token/reminder to help you remember the lesson and its a good conversation piece. If it were mine I would put it in a capsule with a label saying "If it seems too good to be true it probably is" and I would call it my "Captain Morgan".