Silver test is negative. 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. Reeding on edge protrudes over face of coin. 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. Counterfeit coins can be found all over the world and it is bad for our hobby. They are mostly either 99.9% or 99.99% silver. This includes any and all marks, scratches or other issues on the surface of the genuine coin. 186 sold. 'I Love You' Engraved Silver Coin Lucky Unique Sentimental Gift Hearts Coin . A favorite practice of counterfeit coin sellers is to claim that they are not an expert on coins, so you should judge the photo for yourself. Fake £1 coins can apparently be bought for 20p each and have been supplied in their natural alloy silver colour, with a can of gold spray paint to finish them off! The average weight of these counterfeits is around 17 grams which is a huge difference from the real thing and instantly recognizable once it … If a supposedly silver coin sticks to a magnet, you can guarantee that it’s a fake. THE COINS ARE COUNTERFEIT! 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. I ordered the coins on June 4, the day I posted the article. As a result, every fake struck from these counterfeit dies will have the same depressions (marks are called “depressions” on counterfeits). It is important to know that there are no fake silver bars, coins, or other products that can fake industry-standard silver alloys. Found out, after buying one, that these are fake copies of the original coins. This resource is intended to help dealers and stackers learn about counterfeits, evaluate existing inventory and collections, and make educated decisions about future purchases. 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. There are fake silver coins, bars, flatware, etc. As a result buyers are always on the alert for a coin that may have been overlooked. 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. Do not forget to examine the edge which is the third side of a coin. Recently I purchased some Silver Eagles on ebay from a private seller. Get two ice cubes. The 1889-CC Morgan dollar is the second silver dollar to make this list. I would really appreciate any thoughts or suggestions. In 1920, most British silver coins, the halfcrown, florin, and shilling, were debased to .500 fine, that is 50% silver, and 50% copper. I have sent them an email regarding the fake coins and we will see what they will do. Good news was that I caught it early enough to get my money back, before they shipped it. You can pick one up pretty cheap on Amazon for about $5. © Copyright 2021 JM Bullion. The American Silver Eagle is no exception to this fundamental of economics. Font: Small variations in font design can give a counterfeit American Eagle away. Weight Test. A loupe if a special magnifying glass without the handle with higher magnification due to its special lens. Incorrect portraits of Emeritas on both sides. 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. Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. £11.99. Silver’s diamagnetism makes the magnetic-slide testvery effective at spotting fakes. Many of the fake dollars were packaged in plastic sheets. Font issues: There are many font issues you’ll find highlighted by SilverCoins.com, but the date mark is one quick place to check. Slide the coin in the device slot. The fake antique coins, that is to say made in antiquity, also have a low weight, the diameter can be also. The original 5oz .999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. 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. For more complex and accurate testing, certain chemicals can be used to clearly determine the purity of silver of an item. 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. Other tests are a little riskier for your coins, especially if you are uncertain as to the legitimacy of the coin in questions. We often see fake sovereigns, and other coins, being offered for sale as "restrikes". A lot of this fake silver seems to be sold through e-bay and other online marketplaces. It can help distinguish silver-plated from real silver items in which physical testing could miss. Had I not, I would've been months, waiting on the return, plus postage, to return this fake coin back to China. Free postage. Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. With laser-cut dies and correct weight and sizes, it is now near impossible to identify fake silver coins from the real ones. The 1889-CC Morgan dollar is the second silver dollar to make this list. 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. 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. 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! Free postage. Other coins has been offered as "Treasure coins" all fakes as well. Gold and silver coins are non-magnetic. NGC graders look for these repeating depressions as well as overall … By. 'I SURVIVED 2020' Commemorative Coin 'BEAT THIS TOGETHER'. See All Our Coins Priced Under $50! I ordered two coins to confirm my suspicion. Only 1 left. Genuine silver coins are radiant and shiny. For example, you could consider the magnetic test. Visual Test. The pieces measure 38.1 millimeters in diameter and weighed 26.73 grams. If the device tilts, this means the coin is fake silver. It is important to know that there are no fake silver bars, coins, or other products that can fake industry-standard silver alloys. As the world’s single most popular silver coin program, it was inevitable that counterfeiters would work to produce look-alike American Silver Eagle coins in an effort to take advantage of the immense demand for these coins. 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. There are fake silver coins, bars, flatware, etc. Another way to test the authenticity of a silver coin is by testing its sound when chinked with another coin. Augustus struck Gaius and Lucius coins as both silver denarii and gold aureii, with specific dies for each denomination. Here we give you the top ways to spot counterfeit silver. If your buying coins, buy graded ones, and then check their number with the grading company as well. Supposed to be gold, and in daylight this fake does have a. If your buying for silver or gold then do a few sample tests when you get them. Fake £2 coin often miss the fine dots around the perimeter of the inner core. 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). If your coin reacts to a magnet it is a fake. Thanks BOB!! The number of fakes on the market is dwarfed by the number of genuine coins. The new currency gaining in popularity, other provinces started to issue silver dollar coins. 5 out of 5 stars (4,173) 4,173 reviews $ 10.99. A base metal coin will sound like a “thud” or a “clunk” when struck with the other coin. Ancient Imitations of Roman Coins An educational site about genuinely ancient coins that were imitations or counterfeits in their day. Due to its value, this coin is an attractive target for counterfeiters. 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 result of this effort is a variety of flaws that you can catch with a keen eye. 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. The higher the silver content, the longer the ring will last. 20121. The issue of counterfeit coins shouldn't deter you from coin collecting. They might claim that the coins belonged to a recently-deceased aunt or that they bought them at an estate sale. One small droplet of bleach will tell you immediately if you have a real or fake product. Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. Previous counterfeit Morgan Silver Dollars have been identified with improper weights. Only 350,000 examples were struck at the Carson City Mint, and many ended up in melting pots later. Notice the high quality of these dies for making fake silver crown-sized coins. The reverse looks soft as if it was casting. On fake coins, details can look flat and poorly defined. JM Bullion is an accredited business with the United States Better Business Bureau (BBB), is a member firm of CCE, and is listed as an authorized dealer of gold, silver, platinum, and other precious metal products by the Numismatic Guaranty Corporation (NGC). Some fake silver novelty items from China may occasionally show up at flea markets or on eBay. When inspecting gold and silver bars, rounds or coins, the first details you should examine are their markings. Patina rubs off by hand. There are a few simple tactics that can help you determine the legitimacy of a silver coin or bar, American Silver Eagle or otherwise, without sophisticated tools are a great deal of time. Click & Collect. Font issues: There are many font issues you’ll find highlighted by SilverCoins.com, but the date mark is one quick place to check. The. Fake £1 coins can apparently be bought for 20p each and have been supplied in their natural alloy silver colour, with a can of gold spray paint to finish them off! What these claims have in common is that they usually disclaim responsibility for the authenticity or grade of the coin. 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. Any coin intended to be silver that is magnetic is automatically a fake, since silver is not magnetic. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. We purchase pre-1947 silver coins, lots of them. The bleach test is recommended by some as a way to spot fake silver coins. The obverse has a portrait that someone has taken time over to create a new one. 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. Wrong obverse lettering CHINDASVINTVS instead of CHSVINOVSP. A lot of fake American Silver Eagle coins have larger rims and edges. Gold Fake Coins/ Silver Fake Coins/ Fake Pirate Coins/ Fake Coin Money Props/ Pirate Treasure FancyCelebration. 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. Just be sure to get one at least 10x the magnification. Again though, these coins haven’t even been released, which means you wouldn’t see any legitimate versions of this coin yet. Types of silver coins for sale. There are mainly five types of silver in the market. Measurements are way off. Good production quality despite poorly reeded edge. Fair production quality despite poorly reeded edge, with rust spots due to ferrous material. FAKES! There is an in-depth breakdown of the specific feature flaws that often exist on fraudulent American Silver Eagles on SilverCoins.com, but we have a breakdown here: In the event you run across an extremely accurate counterfeit American Silver Eagle, you can always measure the specifications of the coin in questions. 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