Old silver coin presumably not counterfeit! (4)
I believe the answer is:
real
'not counterfeit' is the definition.
(I've seen this in another clue)
I can't explain the remainder of the clue.
Can you help me to learn more?
(Other definitions for real that I've seen before include "Actual and tangible" , "Unaffected" , "Genuine or existing" , "In America, this estate comprises land and buildings" , "Working together" .)