Manufacturers of the counterfeit Proof 2016-W American Eagle silver
dollars that have begun to enter the marketplace were apparently
unaware that the genuine U.S. Mint issues bear an incuse 30th
anniversary edge inscription on a smooth, not reeded edge.
Virginia collector Andrew Castellano said he purchased on Oct. 1 at
a Lynchburg, Va., flea market what turns out to be a counterfeit Proof
2016-W American Eagle and a fake Proof 2015-W piece. Castellano said
he paid $20 each for the pieces.
Castellano said he didn’t realize his misfortune until after he left
the flea market. He said he should have checked the edge on the 2016
piece he purchased, since he had ordered and received five genuine
coins from the U.S. Mint.
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All Proof American Eagle silver coins issued from 1986 through 2015
and all Uncirculated versions issued from 2006 through 2015 exhibit a
reeded edge, as do all bullion coins from 1986 through 2016.
The Uncirculated 2016-W American Eagle silver dollar, still to be
released by the Mint, will bear the 30th anniversary edge inscription,
as the already released Proof 2016-W dollar does.
The counterfeit Proof 2016 piece, while at first glance appearing to
be genuine based on strike alone, exhibits reeding completely around
the edge, imparted from a single collar die.
The edge of the genuine Proof 2016-W American Eagle silver dollar,
on sale since Sept. 16 and priced at $53.95 each from the Mint, has
the edge inscribed 30TH ANNIVERSARY right side up at the 6 o’clock
position, relative to the obverse.
The Mint’s edge device, mandated by Congress, was applied using a
retractable, three-part segmented collar, with the other two segments
The die orientation for the counterfeit is medal turn, instead of
the coin turn of the genuine coin.
In coin turn, the reverse is oriented 180 degrees from the obverse
when the coin is turned on its vertical axis. In medal turn, the
obverse and reverse designs are both right side up when the coin is
turned on its vertical axis.
The genuine Proof American Eagle silver dollar weighs 31.101 grams
and 40.6 millimeters in diameter. The counterfeit weighs 31.1845 grams
and is 38.1 millimeters, the diameter of a Morgan dollar.
Coin World has not been able to determine the counterfeit