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Hi, I do think the 'spike' referred to is actually a scratch over the coin. It's commonplace to view a little area where the denticles are somewhat weak, I do think within the dies becoming slightly out of alignment ( just a guess).
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For instance, a Massachusetts guy was not long ago sentenced to jail immediately after printing above $400K in fake bills in an at-property Procedure that utilized an inkjet printer.
The business enterprise of counterfeiting is almost as outdated as money by itself: plated copies have been identified of Lydian coins which can be considered among the initial Western coins.
“One of the most difficult aspects of an authentic banknote for counterfeiters to breed may be the elevated printing,” Fain suggests.
Plus the banner around the rev appears to be like shallow. I find fake typically have issues with reduction. Having said that so did the mint variety time for you to time so that is a really great fake if in fact fake.
Also, the letters and figures will not be as "crisp" or Reduce as sharply given that the reliable Trade Dollar. A different common concept between copyright silver dollars is their "soiled" overall look, but don't Assume they all have these problems or appearances.