Below are 14 ways on how to spot fake silver eagles, bars, and bullion. Collecting Canadian coins is an easy outgrowth to those who began their hobby collecting U.S. coins. Buy Silver Coins from the Royal Canadian Mint. "Silver has the highest thermal conductivity of any common metal or alloy," explains Martin. Knowing your Silver and Gold dealer can go a long way in identifying Gold and Silver counterfeit products. A circulated Canadian silver coin, which does have some wear, will not contain as much silver. After 1968, no silver coins were produced. "Even at room temperature, authentic silver products will melt the ice at an exceedingly rapid rate. The content of the quarter has altered considerably, from the weight of the coin, to the quality and quantity of metals, the ingredients have slowly evolved. This is because real silver has a very weak magnetic effect. Canadian dimes (10 cents) are a popular denomination to coin roll hunt for their silver content. You're very lucky if it's a 1943 steel penny! If you have purchased some silver and can’t get rid of that little voice in your head that keeps saying what if they are fake silver coins …. If a coin is not PL and appears to be a business strike or is circulated, it should be 50%. Here are two methods that apply specifically to silver coins. How Do I Tell the Mint of a Morgan Silver Dollar? For example, a counterfeiter can purchase a 1909 Lincoln cent with the designer's initials of V. D. B. on the reverse for under twenty dollars. The weight that is engraved on a coin or bar should match up to its actual weight. At APMEX there is a team of seasoned numismatists with over 100 years of experience and they are excellent at … They have a considerable metal content and a fair melt value, making them an excellent way to begin investing in Silver. Values represent uncirculated coins, unless you enter an amount of coin wear. To determine a silver coin’s value, you need to know a few things about your coin: the actual silver weight (ASW), the fineness of the coin, and the weight in grams. If a silver coin bears a common date in the twentieth century (1900 to 1964) and has been cleaned, most dealers will weigh them on a scale and pay you a small premium over bullion value. For Silver Coins. This guide allows the reader to gather all the need-to-know details about the short era when the content of some coins produced by the U.S. Mint was 40% silver. If it is real, then when they tilt or tip the silver, the magnet will gently slide. 74% Upvoted. Typically, silver stackers will buy neodymium magnets no bigger than a pea and then place these on the silver bar or coin. Pure silver is incredibly delicate and soft, not very conducive to retaining a bar or coin shape. To start, any Canadian dime found between the years 1920 to 1966 are made of 80% silver. Instead, silver bars and coins (and jewelry, etc.) Coin scales, also called jewelry scales or numismatic scales, measure in grams and are available online or in any hobby shop starting at around $10. Silver Canadian Coins (1858-1967) >Find valuable buying/selling information on several (29) of the most popular Canadian silver coins in my book The Last Canadian 80 Percent Silver Coins. To measure the weight properly you need to have a calibrated scale that is accurate to at least .1 grams, although .01 grams is preferable. Our first tip of the week is on “how to tell if your coins are silver.” This is a frequently asked question and one that we thought would have broad appeal. 1863-1889 There are 20 cent coins that have silver … The silver price can be volatile, so if your goals are long-term value, don’t be alarmed by day-to-day fluctuations in the silver price. Many people find it easier to use charts when viewing information so in the chart below you will find the silver content and value of Canadian silver dollars year by year, you will also find the modern day composition of Canadian dollar coins: (Note: The prices listed below are for Circulated $1.00 coins, not proof or commemorative $1.00 coins.) hide. All he will say is that it just “doesn’t look right.” You should get familiar with what the genuine silver coins look like. How To Tell If A Coin Is Silver Or Clad - Tutorial Top 4 Ways - Duration: 5:53. *Until they started minting 50% silver, both mint sets and business strikes were all 80% silver. If the magnet does not attach in anyway, or if it sticks, then it is not real silver. One is 50% silver with 50% copper, and the other is pure nickel. Proof coins represent the finest, the very best, that any U.S. Mint has to offer. The Canadian silver coin values are based only on the actual silver content of the coins (intrinsic value), and not by any numismatic (collector) or base metal value. True Canadian silver dollars should pass the test with magnets, the ice test, and visual test. These coins were struck in a 90% Silver alloy and boast a melt value of nearly $1.25. Any experienced coin dealer often won’t be able to tell you exactly why a particular silver coin is fake. 3700/7300. You will sometimes hear of dimes, and other 90% Silver coins, referred to as “junk Silver.” This is merely a colloquial term and we assure you these coins are not junk. 1971 onwards, specimen 1c coins were available in the Prestige "Double Dollar" sets. share. Rather, proof refers to the result when a coin is manufactured in a special way. A good example is a 1943 steel cent that has been copper coated to be passed off as a rare 1943 copper cent. See if it's a rare silver penny, a silver penny error, or just an altered coin … A skilled counterfeiter can then add an S are what are known as alloys, or blends of silver and other metals in trace amounts. 5:53. Most US coins dated 1964 or earlier are 90% fine silver. Silver dollars 1935 and before. As for other similar sized coins, the tone is around 4400. Canadian Silver Dollar Value Chart. The Canadian Silver Coin Calculator finds the value of silver within your coins in seconds and with virtually no effort. Check silver prices regularly to find out what your silver holdings are worth and when it’s a good time to buy silver. I know the easiest way to tell if a coin is silver is to look at the side but my Grandma gave me a ring a few years back and I can't tell if it's silver or some other metal. It is free. Typically they are too high or much too low. report. Selling Canadian coins can be done through coin shops or online auction sites such as eBay, which also is a good way to ascertain value based on what people are actually paying for similar coins. HalfDolla' MakeYouHolla' 42,907 views. The fake ones will stand out during these checks, and if you read on you can learn more about how to perform them and avoid getting ripped off. Canadian silver coins are known for their low premiums over spot. Dimes and quarters minted after 1965 and half dollars minted after 1970 are clad, which are a combination of nickel and copper. This is why the value of Canadian coins before 1965 are so high. For the Liberty Silver Eagle $1 it shows the ‘ring tone’ graphically at 3700 with an accompanying harmonic at 7300. -Coins released in mint sets are all 80% silver.-Coins released into circulation (business strikes) are all 50% silver. Start by weighing your silver dollar to ascertain how much silver could be recovered if your coin were melted. Many coins minted before the Great Depression were made using silver and gold. Since silver, gold, and copper coins are not attracted to a magnet, this can be a simple test to tell if the coin has some iron content. If the coin edge should be reeded, and isn’t (or vice versa) then its likely a fake. Proof coins vary greatly from their business strike -- regular, circulation-quality -- counterparts and they take a different path in the Mint. 8 comments. Available as an eBook. How can I tell? Canada is right across the border, and the denominations, in many cases, are similar to U.S. coins. Very consistent coin to coin across many tested years. If possible, check the coin’s edges. save. Learn More → The U.S. Mint manufactures coins in four locations: Philadelphia, Denver, San Francisco and West Point. Nickels dated 1942–1945 are 35% fine silver. Silver Canadian coins have a most interesting history. Naturally, these are worth a lot more than the ones that came after them that were made of copper, bronze, and steel. Altered and Doctored Coins The cheapest and quickest way to make money by deceiving a coin collector is to take an ordinary coin and modify it to look like an expensive and rare coin. It's a simple, neat little trick that can tell you if you are dealing with sterling silver … You might also like to try a calculator from the menu above. Find the relief; Counterfeiters have a hard time getting the relief of a coin just right. These include half dimes, dimes, quarters, half dollars, and silver dollars. So, If the coin is PL, it should be 80%. You may want to indicate a percentage of that wear in the "Amount of Wear" text box. but where there is money trading hands, there will always be fakes, frauds, and counterfeits. That said, all silver owners should understand that no investment-grade bullion is 100% pure silver. All U.S. silver dimes, quarters and half dollars minted in 1964 or earlier contain 90% silver. 1851-1873 There are other larger 3 cent coins that do not. We have just begun coin roll hunting dime boxes and look to increase our order of these in the future. Easy to remember too. Usually, you can find the coin’s ASW simply by looking up the type of coin you have. Upon inspection of the gold or silver coin you are about to purchase, if certain marks do not add up, ask if the seller has the paperwork to back up their claim of said coin being real. The easiest way to tell them apart is with a magnet. Detecting Fake Silver Eagles - Duration: 3:29. If it melts fast(er), it probably is silver." Have a silver penny? The 1967 specimen set was issued in two sets: one with a sterling silver medal (red box) and one with the $20 gold coin (black box). You can do a simple at home specific gravity test. Weight Test. Gold and Silver counterfeit products are damaging to the industry. 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