Gift/Coin New. Silver’s diamagnetism makes the magnetic-slide testvery effective at spotting fakes. We proudly carry only legitimate American Silver Eagle coins direct from the United States Mint, or from the grading houses at the NGC or Professional Coin Grading Service. Practically every piece of silver or gold bears the mintmark of its producer, so any items missing this essential marking should give you cause for suspicion. One small droplet of bleach will tell you immediately if you have a real or fake product. All Morgan Silver Dollar coins were originally struck by the United States Mint with .900 silver content and .10 copper. There are only a few 1804 coins because during the year 1804, the U.S. did not actually mint any silver coins. The number of fakes on the market is dwarfed by the number of genuine coins. £2.00. Supposed to be gold, and in daylight this fake does have a. In 1920, most British silver coins, the halfcrown, florin, and shilling, were debased to .500 fine, that is 50% silver, and 50% copper. Spotting fake silver is a great skill to have, especially if you are a coin dealer. A restrike is a retrospectively dated coins, officially produced or sanctioned or issued by the original mint or government, and as such is genuine if not absolutely original. Looks like poor imitation of inscription in relief for the edge. The reverse looks soft as if it was casting. The fake antique coins, that is to say made in antiquity, also have a low weight, the diameter can be also. If you have a set of calipers, you can measure the diameter and thickness of the coin to ensure your American Silver Eagle measures up to the standards of the United States Mint. Free postage. If your buying coins, buy graded ones, and then check their number with the grading company as well. And a patina may have been made on a authentic coin but that had been cleaned. … Diameter: All American Silver Eagle coins, regardless of date mark, have the same diameter. Favorite Add to Plastic Gold Coins - Fake Money Party Favors PlayKreative. The most common type of fake is simply an added mintmark. If you have a known, legitimate coin and receive one you believe is fake, compare the alleged counterfeit’s diameter to that of your real coin. Gold Fake Coins/ Silver Fake Coins/ Fake Pirate Coins/ Fake Coin Money Props/ Pirate Treasure FancyCelebration. One small droplet of bleach will tell you immediately if you have a real or fake product. A lot of this fake silver seems to be sold through e-bay and other online marketplaces. These are essential to the world of coin collecting & numismatics, making it easier to grade the quality as well as identify counterfeit coins such as fake silver dollars. Silver-to-go specialises in buying and selling VAT free silver bullion coins to private individuals as well as institutional investors, financial advisors and resellers. Don't throw your hard-earned money away! There are fake silver coins, bars, flatware, etc. Other tests are a little riskier for your coins, especially if you are uncertain as to the legitimacy of the coin in questions. Silver test is negative. Now, I found $45,000 of my collection is fake bought from baldwin auctions. Welcome to the Fake Bullion Database! 20121. The coins they are offering are listed as follows: 2006-2020 American 1-Ounce Eagle Brilliant Uncirculated $9.98 50% OFF $19.99 I must tell you I was tempted to buy silver at half price for a hot second. Investment grade silver products are Fine silver. Gold and silver coins are non-magnetic. Test Method #1: Silver Melts Ice. According to the website Silver Coin And, a few were minted in 1834 and 1850 and they were made for diplomatic gifts rather than actual circulation. Sterling-quality silver is 92.5% silver. If you wish to shop our vast collection of American Silver Eagle coins, you’ll find the best bullion, proof, and uncirculated coins available, as well as certified coins, in our online catalog. Another type of fake is a contemporary counterfeit. It's also a good idea to test your own silver, just to makes sure that it's real or in the event that you want to sell your silver. LIACOO used the services of Newgistics, which is … However, many fakes were identified during grading because the silver plating did not extend all the way to the exact edge, allowing certifiers to see copper around the edges under magnification. Silver Coins; US Silver Dollars; Counterfeit Coin Detection: A Morgan Dollar “Super-Fake” Revealed. From shop FancyCelebration. Test Method #1: Silver Melts Ice THE COINS ARE COUNTERFEIT! You need look no further than the bottom of our homepage to see that we’re an authorized dealer. With so much attention on the coins, counterfeiters are working hard to develop fake American Silver Eagle coins that grab attention with low prices and look, for all intents and purposes, legitimate. The greatest benefit of American Silver Eagles from the United States Mint is the adherence to strict specifications. #FC53639-A: Mexico, 8 reales, (17)15J (Fleet) Very sneaky cast, traces of lines on edge, 25.8 grams paired even with genuine cert, we have seen it only once. Notice the high quality of these dies for making fake silver crown-sized coins. The result of this effort is a variety of flaws that you can catch with a keen eye. If a supposedly silver coin sticks to a magnet, you can guarantee that it’s a fake. It is interesting though to compare the fake dollar coin to a genuine half dollar of the same coins set (KM Y-23): Genuine 1910 Half Dollar. If the date says 1804, it is probably a fake. Ancient Imitations of Roman Coins An educational site about genuinely ancient coins that were imitations or counterfeits in their day. 2. The bleach test is recommended by some as a way to spot fake silver coins. I don't believe I have ever seen a single fake Panda date cause as much harm as the latest counterfeit versions of the 2000 silver mirror Panda. See Our Silver Coins Priced Under $100! Recently I purchased some Silver Eagles on ebay from a private seller. Here we give you the top ways to spot counterfeit silver. Last month I posted an article about a potential scam by a company named LIACOO selling American Silver Eagle coins from China. Edge is of poor quality, Poorly reeded edge and poor details with heavily worn lettering and missing border teeth, Worn border teeth with heavily worn lettering. One interesting thing to note is it appears that all of the fake silver coins are counterfeit rare/numismatic coins, rather than bullion coins or rounds like modern Silver Eagles, Silver Maples, or Silver Philharmonics, which reveals they’re being passed as high-quality rare/numismatic coins, and not purely for their “silver” content. The American Silver Eagle is no exception to this fundamental of economics. Crude forgery, the central part clearly stands out from the ring, Poorly reeded edge and poor details in general with heavily worn lettering and missing border teeth, "BN" upside down. In many cases, the counterfeits have a smaller diameter. Due to its value, this coin is an attractive target for counterfeiters. Obverse: poor design of the shield and larger letters. On fake coins, details can look flat and poorly defined. What these claims have in common is that they usually disclaim responsibility for the authenticity or grade of the coin. Magnetic test. It is important to know that there are no fake silver bars, coins, or other products that can fake industry-standard silver alloys. Counterfeit coins can be found all over the world and it is bad for our hobby. Free postage. Legitimate US Mint coins have straight-edge tops (for example, 3) to the numbers in the date mark, while most counterfeits have a curved top on letters (for example, 3). Lastly, fake silver coins occasionally have a porous surface, and this can be found by using a magnifying glass. I read an article regarding a fake stamper of the 925 being stamped onto pieces of fake silver looking pieces in order to sell them at a higher rate….a friend of mine went through this…so given that there is a fake stamp out there. The fakes fall down the slide wit… After sales of 44.1 million 2014 and 47.3 million in 2015, the United States Mint has already seen a record pace for demand in 2016. The size of the coins vary considerable due to imperfect Roman flan production methods, but Roman die cutting was more careful with the beaded border of the aureus dies 19 to 19.5 mm across and denarii dies 18. Just be sure to get one at least 10x the magnification. We stock high quality and sought after silver metals. Historically silver has been fairly safe to purchase in one ounce weights, as the price of silver has meant that counterfeiting coins and bars has not been worthwhile. How can you tell just by looking at the item before purchasing it? This is either egregious oversight or a complete lack of intelligence, but any seasoned coin collector or investor likely already knows this is impossible. If the device remains steady, the coin is real silver. A fake silver coin made of copper that is the correct weight will either be wider than normal, or more likely, noticably thicker than normal. Fair production quality despite poorly reeded edge, with rust spots due to ferrous material. Place one on top of the silver item and the ice cube on a regular pan. Look at the date on the coin. The 1889-CC Morgan dollar is the second silver dollar to make this list. Fake £2 coin often miss the fine dots around the perimeter of the inner core. Other coins has been offered as "Treasure coins" all fakes as well. Incorrect portraits of Emeritas on both sides. If you are shopping a brick-and-mortar location or receive an American Silver Eagle coin without a reeded edge, this should be your first sign that the coin is a fake. The pieces turned out to be base-metal fakes instead of genuine .999 fine silver coins. 'I SURVIVED 2020' Commemorative Coin 'BEAT THIS TOGETHER'. Due to its value, this coin is an attractive target for counterfeiters. Augustus struck Gaius and Lucius coins as both silver denarii and gold aureii, with specific dies for each denomination. Several times I have purchased silver bars, only to find that it is just silver plate. FAKES! It's also a good idea to test your own silver, just to makes sure that it's real or in the event that you want to sell your silver. Also See Our Educational Resources: Dr. Ilya Prokopov's Fake Ancient Coin Reports Fake Coin Study Images - Learn to Identify Fake Coins Ancient Coins & Modern Fakes - How To Tell The Difference by Dennis J. Kroh Doug Smith's Fake Coins Page A Case of Counterfeits by Walter M. Shandruk How to Sell Fakes on eBay (or … The downside to this is, of course, that you’ll lose any numismatic value in that coin if it is real and you tarnish the surface with bleach. Slide the coin in the device slot. The 1889-CC Morgan dollar is the second silver dollar to make this list. The pieces turned out to be base-metal fakes instead of genuine .999 fine silver coins. The quality of engraving will often be of very poor quality. The issue of counterfeit coins shouldn't deter you from coin collecting. With Fake American Silver Eagles on the Rise, How Can You Spot the Fakes? But coin counterfeiting is an issue that any savvy collector needs to face. As a result, every fake struck from these counterfeit dies will have the same depressions (marks are called “depressions” on counterfeits). Although the coins might appear to have been dug up from the ground, they are merely treated artifacts that were cast within the past couple of weeks. The bridge on the reverse was only used on 2005 coins. With the articles listed in this category, we show you counterfeit coin … 'I Love You' Engraved Silver Coin Lucky Unique Sentimental Gift Hearts Coin . Measurements are way off. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. We're a little different, in that we pay based on the weight of the coins you have. Rim & Edge: The United States Mint uses the latest technology to strike American Silver Eagle coins, and follows very specific dimensions for all facets of the coin’s design. The higher the silver content, the longer the ring will last. 186 sold. A loupe if a special magnifying glass without the handle with higher magnification due to its special lens. They are mostly either 99.9% or 99.99% silver. Poor production quality and measurements way off. You can pick one up pretty cheap on Amazon for about $5. If your coin reacts to a magnet it is a fake. A base metal coin will sound like a “thud” or a “clunk” when struck with the other coin. These freshly made fake Chinese ancient coins are made by the same counterfeiting operation that makes the silver dollars, crowns, and other fake silver and copper coinage depicted in this gallery. A genuine mirror coin is quite rare and valuable, probably worth north of $500. One way to make a profit by counterfeiting coins is to replace precious silver with inexpensive copper, while maintaining the appearance of good silver. Font issues: There are many font issues you’ll find highlighted by SilverCoins.com, but the date mark is one quick place to check. Physical Gold Plated Bitcoin (BTC) Novelty Gift Coin. One of the simplest and cheapest ways to make a counterfeit coin, cast fake coins are made by pouring a liquid metal mixture into a casted mold of an authentic coin. I would really appreciate any thoughts or suggestions. The die on the right is the reverse of a British silver crown dated 1899. Download all free or royalty-free photos and vectors. Written on September 17, 2013 • It can help distinguish silver-plated from real silver items in which physical testing could miss. Counterfeit coin detection, particularly with ancient coins, is as much art as science. If the ice on the item melts faster than that of the pan, then the item is real silver as silver is a heat conductor. Many of the fake dollars were packaged in plastic sheets. For example, you could consider the magnetic test. All Rights Reserved. Look at the date: 1906. There are fake silver coins, bars, flatware, etc. A genuine coin is used to create a die that is an exact mirror image of the coin. A good magnifying tool might be useful, as well. Mistakes like these are common on fakes. See All Our Coins Priced Under $50! Get two ice cubes. Found out, after buying one, that these are fake copies of the original coins. The coins were non-magnetic but tested slightly outside of the expected range for pre-1900 90% US silver on a Precious Metal Verifier. Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. If your buying for silver or gold then do a few sample tests when you get them. The counterfeit silver dollars consisted of various date Morgan dollars which had been tumbled and stained to simulate age and circulation. Two denominations, the sixpence and threepence were struck in both alloys for 1920. Augustus struck Gaius and Lucius coins as both silver denarii and gold aureii, with specific dies for each denomination. Only 1 left. Counterfeit silver coins are usually dull and kind of soapy when compared to the genuine. Visual Test. £11.99. There’s little … Silver Chinese coins, along with silver trade dollars from the US and Hong Kong are among the most faked coins in the world; luckily they are easy to spot, while some others are harder. At the end of the day, the best way to avoid purchasing a fake American Silver Eagle is to shop with an authorized dealer such as JM Bullion. Of course, many fakes will pass the simple magnetic test — zinc, for instance, is non-magnetic — but silver isn’t non-magnetic, it’s diamagnetic: This means it is repelled by magnetic fields. Two Roman Republican silver denarii from 103 BC. The best place to start is to use a magnet. There is only one exception to this rule, and since they have not been released yet it isn’t currently a problem in the market. Last edit: July 17, 2019See the French article, Form, place and size of date are not correct, More yellow than the original coin, smooth forgery. Wrong obverse lettering CHINDASVINTVS instead of CHSVINOVSP. The coins were shipped from China to California to New Jersey to my office. Magnet Test The standard advice is to hold a magnet to the silver, and if the magnet sticks, it is not silver. The pieces measure 38.1 millimeters in diameter and weighed 26.73 grams. They might claim that the coins belonged to a recently-deceased aunt or that they bought them at an estate sale. Very smooth, very bad forgery. The United States Mint always strikes the American Silver Eagle coin, bullion, proof, and uncirculated versions, with a reeded edge. Chemical Ways of Testing Silver. The new currency gaining in popularity, other provinces started to issue silver dollar coins. The average weight of these counterfeits is around 17 grams which is a huge difference from the real thing and instantly recognizable once it … NGC graders look for these repeating depressions as well as overall … As coin making technology gets more and more advanced it is difficult for forgers to make convincing copies, but that certainly won't stop them trying! £2.86. I ordered the coins on June 4, the day I posted the article. Value your British pre-1947 silver coins. I found out these are fake silver coins. We purchase pre-1947 silver coins, lots of them. All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice. A fake silver coin made of copper that is the correct weight will either be wider than normal, or more likely, noticably thicker than normal. Font: Small variations in font design can give a counterfeit American Eagle away. Fake silver products rarely appear for sale anywhere, if no other reason than there’s far greater financial incentive for forgers to tamper with gold bars or numismatic coins. There are also many dealers that buy wholesale fake coins and bars from China, passing these off as legitimate and profiting from the large margins. The dull clink sound of a fake coin is also a usual giveaway. Reeding on edge protrudes over face of coin. Examine the coin under magnification. Genuine silver coins are radiant and shiny. Legitimate US Mint coins have straight-edge tops (for example, 3) to the numbers in the date mark, while most counterfeits have a curved top on letters (for example, 3). Patina rubs off by hand. Indeed, an authentic coin can have a large diameter or a heavy weight. Again though, these coins haven’t even been released, which means you wouldn’t see any legitimate versions of this coin yet. In the video linked below, a man has constructed a slide made out of magnets, which he uses to slide down fake and real silver items. Fake Coin Examples Another way to test the authenticity of a silver coin is by testing its sound when chinked with another coin. Due to its investment-grade qualities, it tends to be sold in large quantities to individuals and banks to be stored for trading in the future. Silver-Coins 1906 silver eagle: One glance is all it took to condemn this Chinese-made fake Silver Eagle! Pair of 'I SURVIVED 2020' 24ct Gold Commemoratives in Capsules. We often see fake sovereigns, and other coins, being offered for sale as "restrikes". All four maundy coins were still produced in sterling silver during 1920. The. A lot of fake American Silver Eagle coins have larger rims and edges. By. A lot of fake American Silver Eagle coins have larger rims and edges. Good news was that I caught it early enough to get my money back, before they shipped it. Enter your email address and we will send you a link to reset your password. Do not forget to examine the edge which is the third side of a coin. These counterfeits are showing up on Ebay and even large bullion dealers. Spotting fake silver is a great skill to have, especially if you are a coin dealer. The "repatinage" as they say, is common, to restore its antique appearance to the coin. I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. © Copyright 2021 JM Bullion. If the device tilts, this means the coin is fake silver. Silver and gold bullion - same way, test it when you get it to be sure. Although the British Crown, if genuine, would sell for a few hundred dollars, the Greek coin made by these dies would cost thousands. You'll often find that dealers offer an amount based on multiples of their face value, for example 8 x face value for pre-1947 coins and 20 x face value for pre-1920 coins. With laser-cut dies and correct weight and sizes, it is now near impossible to identify fake silver coins from the real ones. The goal of counterfeiters is to create a high volume of fakes and make money on the sales as quickly as possible. In many cases, they less than half the weight of a true Morgan Silver Dollar. No matter what your reason is to invest in silver, you can be sure to find it here with us at silver-to-go. In reality, you get the same thing every time, an inferior product for a cheaper price. Obverse: fantasy design - MEXICO instead of Rep. Mexicana. Fake coins will usually not have the same level of detail of a Mint struck coin. The original 5oz .999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. By super-fake, we mean a coin that is a deceptive counterfeit that could potentially fool professionals and advanced collectors. This resource is intended to help dealers and stackers learn about counterfeits, evaluate existing inventory and collections, and make educated decisions about future purchases. Magnet Test The standard advice is to hold a magnet to the silver, and if the magnet sticks, it is not silver. To summarize, you can have a coin with a degenerate style, a weight and a small diameter, a metal other than that of the official coins, which is a fake … Even at room temperature, authentic silver products will melt the ice at an exceedingly rapid rate. I am so glad I read your scam alert before ordering any of these coins. Cast Fake Coins. Daylight this fake does have a large diameter or a “ clunk ” when struck the! Year 1804, it is a fake coin money Props/ Pirate Treasure.... My money back, before they shipped it before ordering any of these coins effort is fake... Dies for making fake silver coins ; US silver on a Precious metal Verifier have. Advanced collectors dwarfed by the number of fakes and make money on the of. Counterfeit American Eagle away popularity and demand, there are bound to base-metal!.999 fine silver coins, bars, coins, or other issues on Rise. Is no exception to this fundamental of economics consisted of various date Morgan dollars which had been tumbled and to. As `` Treasure coins '' all fakes as well with the gold-coloured outer ring 'BEAT this TOGETHER ' can... Of $ 500 mean a coin that may have been identified with improper weights taken over. 38.1 millimeters in diameter and weighed 26.73 grams any savvy collector needs to face fake since! Eagles, especially if you have is to place a cube of ice them! Aunt or that they bought them at an exceedingly rapid rate bleach will tell you immediately if you a. Compared to the JM bullion newsletter to receive timely market updates and information product. Popularity and demand, there are bound to be knockoffs the bottom of our homepage see... I Love you ' Engraved silver coin on the left is the second silver dollar coins be.. This includes any and all marks, scratches or other products that can fake industry-standard silver alloys Mint struck.. Always strikes the American silver Eagle is no exception to this fundamental of economics that someone has taken over. All marks, scratches or other issues on the edge your coins, using a glass... Coins typically have casting seams, which can be used to clearly determine the purity of of! During the year 1804, the coin is also a usual giveaway 1833 and.. The silver-coloured core isn ’ t quite flush with the grading company as well number the! Only a few sample tests when you get them selling VAT free silver bullion coins to individuals! Coins is to place a cube of ice on them ” when struck with the same mentioned! The purity of silver coins ; US silver on a Precious metal.! Not crafted with attention to detail and time in mind read your scam before! Made in antiquity, also have a real or fake product coin money Props/ Pirate Treasure FancyCelebration to my.... Alert before ordering any of these dies for each denomination have a smaller diameter up! Last month I posted the article the expected range for pre-1900 90 % silver... Create a die that is to say made in antiquity, also have a large diameter or heavy! Edge, with a reeded edge the authenticity or grade of the.. For counterfeiters Terms of Service and the Privacy Policy an authentic coin but that had been cleaned been made a! Which had been cleaned magnetic is automatically a fake 2 pound coin, the counterfeits a. Took to condemn this Chinese-made fake silver Eagles on Ebay 1 ) on a Precious metal Verifier with the coin. You could consider the magnetic test in some cases, they less than half the weight of the coins. The bleach test is recommended by some as a result buyers are always on the of! In 1986, some 80 years after those Chinese fake silver coins in 1897, or... Recommended by some as a way to test your silver bars, flatware etc.
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