Police in Gadsden, Ala., are searching for a man who passed off 40
counterfeit silver dollars June 24 at a local pawn shop, the pieces
including a Morgan dollar bearing a date and Mint mark of an issue
that does not exist.
Detective John Hallman said the suspect was described as a
heavy-set black man, approximately 6 feet tall, and wearing glasses.
According to Hallman, the man brought the fake coins into Mal’s
Jewelry & Loan Co., 549 Broad St.
After the pawn shop’s owner purchased the coins for $1,120 and the
suspect left, closer inspection of the coins determined they were made
of some kind of base metal, possibly steel, Hallman said. Hallman said
the fakes looked well made upon cursory glance.
The same man is believed to have attempted to sell gold coins to
another area pawn shop earlier in the day, but was unsuccessful,
Hallman said. The same man also reportedly attempted to sell
counterfeit coins at a pawn shop close to the Alabama/Georgia border,
The 40 counterfeits included Peace dollars; Draped Bust dollars
dated 1797 and 1804, the latter of which only 15 genuine examples are
known, each worth millions of dollars; and Morgan dollars dated
1885-CC, 1887-CC and 1903-CC (a nonexistent coin).
Contact Hallman at (256) 549-4645. ■