Photo courtesy of Jinghua Shei.
Counterfeit Morgan Dollars made by a major Chinese fake coin operation.
Here's a close-up image of a few freshly-minted fake Morgan Dollars struck in China. I don't know if they were struck by the coin press on the previous page, or one of the several other coin presses this counterfeiting ring has, but those fake Morgans sure look to be pretty high-quality counterfeits. Of course, this counterfeiting ring will process them so that each one appears to have a different amount of wear, toning, contact marks, and other minor imperfections so that they don't all look too much alike. Some of these fake Morgan Dollars will also find their way into counterfeit PCGS and NGC slabs, but my sources tell me that most of the fakes these counterfeiters sell are sold "raw" (rather than slabbed.)