
Based on the provided information and general numismatic knowledge, fake silver dollars are worth very little.
The provided context includes an anecdotal example from a Facebook group where an individual acquired 25 "obvious fake Morgans" for a total of $5.00. This breaks down to a value of just 20 cents per coin. This price point reflects their general standing as novelty items rather than collectibles.
Genuine Morgan silver dollars derive their value from their 90% silver content and their numismatic significance as historical artifacts. Counterfeit versions lack both of these key attributes. They are typically made from base metals like copper, nickel, or zinc, meaning they have no precious metal value. As forgeries, they hold no collectible or numismatic value.
Their minimal worth is tied to their use as props, space fillers in a collection album, educational tools for learning to spot counterfeits, or as simple curiosities. It is important to note that selling counterfeit currency with the intent to deceive is illegal. Therefore, any market for these items is for clearly identified replicas, which inherently have a very low price ceiling.


