Fake 1986 Silver Peace Dollar?

Question

Ok so my fiancee was going through an old shoe box and hound a tarnished 1986 Peace type silver dollar. It looks like this http://www.coinfacts.com/silver_dollars/peace_dollars/peace_dollars.html without the "IN GOD WE TRVST" on the front and all text is missing from the back and has been replaced with "SILVER TRADE UNIT" across the top, "ONE TROY OZ" around the eagle, and "999 FINE SILVER" on the rock the eagle is perched on.

Answer 1

You have what is called a silver round. It is a dollar size medal actually. It has one troy ounce of .999 silver. Many people buy them for the designs on them and there are 1000's of designs, or they buy them for the silver, hoping the price of it will go up. The item you have is just different enough, plus they were smart to put 1986 on it, to keep the Secret Service away and also to not have to put the word copy on it. So it is not a fake peace dollar. Most coin collector stay away from such items, but they are collectable and some designs I have seen are pure art. Hold on to it for silver is going up and you can sell it when you really need the cash. The silver round is usually bought at a little below the spot price of silver and sold a little above it. Hope this answers your question.

Answer 2

Peace dollars were made from 1921 - 1935, you have a silver eagle from 1986. Value = 1 oz of silver, currently $12.

Answer 3

From what you are describing, it sounds like an 1886 Trade Dollar, although none were minted in 1886 as minting ceased in 1885 for that particular denomination. There were no "cartwheels" minted in 1986, the only dollar coins minted were the Susan B. Anthony type, minted from 1979 thru 1982. I would really like to see the coin you are describing as it sounds like nothing in the U. S. coinage history.

Thanks.

Answer 4

Ok...

What u want ??

it's amount...
i think
it was going to sold in
12-13 dollars...