Should Fantasy 1964-D Peace Dollars have the word “COPY?”

Posted on November 9, 2010 by

On May 1965 the Denver Mint struck 316,076 – 1964-D Peace Dollars.

Several months later, the Coinage Act of 1965 was introduced. The Coinage Act would make it illegal to issue any Silver Dollars for circulation. Therefore, all 1964-D Peace Dollars had to be melted by law.

According to several Mint employees at the time, all 316,076 Genuine 1964-D Peace Dollars were melted. It was later confirmed that at least two examples were not melted, (even though Mint employees indicated that they were). Those two examples were then re-confirmed of being melted by Eva Adams, who was the Director of the U.S. Mint at the time.

There is speculation that additional Genuine 1964-D Peace Dollars also escaped the melting pot, as some employees were allowed to purchase the coins directly from the Mint. Additionally, there are rumors that Eva Adams sold a 1964-D Peace Dollar to a dealer at one time. In the past, Eva Adams is believed to have sold other coins not known to exist before, such as the 1964 Special Mint Set coins and others.

Recently, many 1964-D Peace Dollars were struck privately without the word “COPY” on them. If Genuine 1964-D Peace Dollars do exist, there is a possibility that Genuine examples might now be confused with the Fantasy 1964-D Peace Dollars that were privately struck just recently.

 Should the Fantasy 1964-D Peace Dollars have the word “COPY” on them? To answer, click on “COMMENTS” above this post.

$1 1964 Small

Filed Under: News

Comments (20)

 

  1. harold parker says:

    As far as i’m concerned thats just faking another american coin, don;t you think we have enough curculating as it is?

  2. Alex says:

    They need to have Copy on them. The Chinese are getting so good with their fakes lately that a few have even slipped past some of the grading services and this could wind up costing someone a lot of money or worse, costing someone a lot of money and then the next time they come across a 1964 D peace dollar they might just throw away a coin that could be legit.

  3. Frank says:

    Maybe I don’t understand the law, but I thought it just forbade the minting of silver dollars, and it wasn’t enacted until July 1965. So, what would have been wrong with issuing the already-minted 1964 Peace Dollars? Heck, if it actually wasn’t illegal to issue them, the Mint could have treated them as a collectible and charged $7.50 for them.

    Anybody know how much at 1964 Peace Dollar might be worth if there were only a handful of them out there? Even if there was 316,000 out there they probably would have great numismatic value, especially any that graded MS-70.

    And yes, any privately issued coin that is a fantasy issue of a historical coin ought to be marked somehow to distinguish it from the real thing.

  4. bman says:

    These are not “Fantasy” pieces they are copies of a real coin and should have the word “COPY” on them.

  5. Jaime says:

    Hi Harold,

    Yes, there are a lot of copies out there in the market already.

    Alex,

    One of my concerns is also if a Genuine coin does exist. Will it get confused with the one of the many copies out there already.

    Frank,

    I am not a an attorney either, so this is just my guess. The Coinage Act of 1965 was enacted primarily because of the coin shortage. And because of the silver coin shortage, all 1964-D Peace Dollars were ordered destroyed by the Treasury.

    If there was a Genuine 1964-D Peace Dollar out there, I would imagine it would be comparable to the 1943-D Copper cent and many other coins like the 1974 Aluminum cent. However, as far as price ,no one really knows just like the 1974 Aluminum Cent. It depends on how much the owner is willing to sell it for and how much a buyer out there is wiiling to pay.

    Bman,

    Many collectors also have the same opinion and that is, that the Non-Genuine 1964-D Peace Dollars should have the word Copy on them.

    jaime

  6. Al says:

    To me it cheapens the hobby.Yes it should say copy.

  7. Randy says:

    Is it actually a question? The U.S. Hobby Protection Act, enacted in 1973 (Public Law 93-167 15 US Code §2101 et seq), requires manufacturers and importers of imitation numismatic items to mark them plainly and permanently with the word, “COPY” in accordance with the Code of Federal Regulations (16 CFR part 304).

    The other side of the “coin” is that China made the manufacture of copies of Chinese coins dated after 1949 illegal… but that’s all. Any coin of any other nation is not restricted.

  8. No says:

    No, of course the 1964-D shouldnt have the word COPY on them. Unless it is a copy, then it absolutely should. I get the feeling that the problem here is that this 1964-D is a mystery coin, no one knows where the genuin coins are and there are fakes in circulation, but that doesn`t mean they should all be marked COPY, it just means that we have to pinpoint the real coins and separate them from the fakes.

  9. Daniel Stone says:

    HI Jaime, I’m not going to comment on the 1964 Silver Dollars but I do appreciate the comment made concerning the 1964 Special Mint Set. I see references to it but have never seen that set. Maybe it is fantasy also?

  10. Hi Al, Randy, No?, and Daniel,

    Thanks for all your comments. All well thought out and some very good points were made.

    jaime

  11. paul says:

    If the coins needed to have “copy” stamped on them ; they would have “copy” stamped on them .

  12. JOSEPH says:

    The coin was dated 1964. It was struck by the US mint. What is it a copy of?

  13. Hi Joseph,

    This coin was struck privately outside the U.S. Mint. Therefore, it is not a legal tender coin. Some question whether the coin should have the word “COPY” on it or not?

    jaime

  14. Prophet says:

    316,076 were melted. 316,106 were minted. that leaves 30 unnacounted for no matter what mint officials tell you. As for the DC coin, it is an enigma. It is an actual peace dollar with an altered date. This reminds me of the 1804 dollar which was made 30 years later and the 1801,2,3 proofs as well. Except for the fact that none were minted. 1964 dollars were minted an as many as 30 have escaped as legal tender private property given by the hands of the government.

  15. Tom says:

    The language of the Hobby Protection Act clearly requires that imitation numismatic items be incused with the word COPY. That would apply in this case.

  16. Lee says:

    Speculation on the existance of genuine 1964-D Peace Dollars has been rampant for many, many years. The generally accepted opinion is that none have surfaced due to the legality of owning such a coin and the fear that the coin would be confiscated by the Secret Service or FBI. However, those same lagal issues and fears exist for other coins which, in fact, have turned up. Some have even been graded by TPG’s. For this reason alone, I believe that NO 1964-D Peace Dollars escaped the melting pot and as such, the Moonlight Mint examples should not have the word COPY on them since they represent a Fantasy Coin which simply does not exist.

  17. Lee says:

    As for the legal tender comment Jaime, the coin was struck over a legitimate 1922 or 1923 Peace Dollar and as such, its still legal tender. Often times, the parent coins image can be seen under the Moonlight Mint restrike.

  18. Jeffrey Duprex says:

    I have an original 1964 D Peace Dollar, left by my grandfather who recently passed..I had no idea it was even worth anything. This is exciting to read. I faintly remember him sometimes speaking of this Peace coin he owns, that was given to him when he worked at the mint, right before they melted all the others down. Its sitting in a shoebox now.

  19. Charles Moore says:

    Yes COPY should be required. Any coin that is made to look real should have copy on it as not everyone is an expert on whether a coin is fantasy or not. For all I know the 1964 Dollars could be nickel with silver plate.

  20. Art says:

    According to all concerned the 1964 D was never issued, so if it was never issued what is a copy of, something that wasn’t issued. I think whoever would produce it would have to state that it is not legal tender. There are authentication services that can determine if any should surface that are real. I would like to know about Jeffrey’s “real” 1964 D in the shoe box. :)

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