Written on September 17, 2013 • Poor production quality and measurements way off. All Morgan Silver Dollar coins were originally struck by the United States Mint with .900 silver content and .10 copper. 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. Recently I purchased some Silver Eagles on ebay from a private seller. The pieces turned out to be base-metal fakes instead of genuine .999 fine silver coins. 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. Slide the coin in the device slot. Silver-Coins 1906 silver eagle: One glance is all it took to condemn this Chinese-made fake Silver Eagle! 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. The. Counterfeit, or “fake”, coins are pesky inevitables in the world of coin collecting but there are a number of tips suggested by the Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Services (PCGS). If your buying for silver or gold then do a few sample tests when you get them. 186 sold. £11.99. As a result buyers are always on the alert for a coin that may have been overlooked. NGC graders look for these repeating depressions as well as overall … Due to its value, this coin is an attractive target for counterfeiters. 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. We stock high quality and sought after silver metals. In 1920, most British silver coins, the halfcrown, florin, and shilling, were debased to .500 fine, that is 50% silver, and 50% copper. Another type of fake is a contemporary counterfeit. They are mostly either 99.9% or 99.99% silver. 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. The American Silver Eagle is no exception to this fundamental of economics. The quality of engraving will often be of very poor quality. 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. Lastly, fake silver coins occasionally have a porous surface, and this can be found by using a magnifying glass. Counterfeit coin detection, particularly with ancient coins, is as much art as science. Just be sure to get one at least 10x the magnification. 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. 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. Very smooth, very bad forgery. The coins were non-magnetic but tested slightly outside of the expected range for pre-1900 90% US silver on a Precious Metal Verifier. Enter your email address and we will send you a link to reset your password. Augustus struck Gaius and Lucius coins as both silver denarii and gold aureii, with specific dies for each denomination. Weight Test. 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. 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. The most common type of fake is simply an added mintmark. 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. 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. When inspecting gold and silver bars, rounds or coins, the first details you should examine are their markings. Visual Test. See All Our Coins Priced Under $50! By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. The best place to start is to use a magnet. … #FC53640: Mexico, 8 reales, (1710-15) (Fleet) The only way to tell is because we had two coins alike in our hands. And a patina may have been made on a authentic coin but that had been cleaned. 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. Types of silver coins for sale. 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. Click & Collect. Again though, these coins haven’t even been released, which means you wouldn’t see any legitimate versions of this coin yet. With Fake American Silver Eagles on the Rise, How Can You Spot the Fakes? £2.86. 5 out of 5 stars (4,173) 4,173 reviews $ 10.99. This includes any and all marks, scratches or other issues on the surface of the genuine coin. All four maundy coins were still produced in sterling silver during 1920. Examine the coin under magnification. 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. Each database entry contains the physical specifications and detailed photographs of the fake item and, in most cases, a side-by-side comparison to the genuine counterpart. Silver and gold bullion - same way, test it when you get it to be sure. With the articles listed in this category, we show you counterfeit coin … I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. By. Only 1 left. The pieces measure 38.1 millimeters in diameter and weighed 26.73 grams. Test Method #1: Silver Melts Ice. On fake coins, details can look flat and poorly defined. 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! Chemical Ways of Testing Silver. Spotting fake silver is a great skill to have, especially if you are a coin dealer. The reverse looks soft as if it was casting. The bleach test is recommended by some as a way to spot fake silver coins. Previous counterfeit Morgan Silver Dollars have been identified with improper weights. 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. There are only a few 1804 coins because during the year 1804, the U.S. did not actually mint any silver coins. It's a good idea to compare a suspect coin or bar to a real one, to make sure the measurements are the same. The most well-known type is a silver bullion coin, which is made from highly refined metal. 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. They might claim that the coins belonged to a recently-deceased aunt or that they bought them at an estate sale. We often see fake sovereigns, and other coins, being offered for sale as "restrikes". Counterfeit coins can be found all over the world and it is bad for our hobby. 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. © Copyright 2021 JM Bullion. How can you tell just by looking at the item before purchasing it? Cast Fake Coins. The original coins go from … It is important to know that there are no fake silver bars, coins, or other products that can fake industry-standard silver alloys. 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. 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 "repatinage" as they say, is common, to restore its antique appearance to the coin. Free postage . I ordered two coins to confirm my suspicion. 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. Font: Small variations in font design can give a counterfeit American Eagle away. If a supposedly silver coin sticks to a magnet, you can guarantee that it’s a fake. 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. Counterfeit silver coins are usually dull and kind of soapy when compared to the genuine. The fakes fall down the slide wit… 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. Do not forget to examine the edge which is the third side of a coin. The United States Mint always strikes the American Silver Eagle coin, bullion, proof, and uncirculated versions, with a reeded edge. The fake antique coins, that is to say made in antiquity, also have a low weight, the diameter can be also. Physical Gold Plated Bitcoin (BTC) Novelty Gift Coin. 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. Some fake silver novelty items from China may occasionally show up at flea markets or on eBay. The Jiang Nan province (江南) was an early adopter and issued its first complete set of silver coins in 1897. 'I Love You' Engraved Silver Coin Lucky Unique Sentimental Gift Hearts Coin . For example, you could consider the magnetic test. Every American Silver Eagle produced by the US Mint has the following specifications year after year: A digital electronic scale will help you measure the weight of your coin to within two decimal points in grams. Had I not, I would've been months, waiting on the return, plus postage, to return this fake coin back to China. I would really appreciate any thoughts or suggestions. 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. Magnet Test The standard advice is to hold a magnet to the silver, and if the magnet sticks, it is not silver. Now, I can detect fake coins and fake coin holders, but I don’t want it to be a $45,000 lesson though. This is either egregious oversight or a complete lack of intelligence, but any seasoned coin collector or investor likely already knows this is impossible. Value your British pre-1947 silver coins. Here we give you the top ways to spot counterfeit silver. 2. A genuine mirror coin is quite rare and valuable, probably worth north of $500. Obverse: fantasy design - MEXICO instead of Rep. Mexicana. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. There are fake silver coins, bars, flatware, etc. Two Roman Republican silver denarii from 103 BC. If your coin reacts to a magnet it is a fake. The greatest benefit of American Silver Eagles from the United States Mint is the adherence to strict specifications. 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. With laser-cut dies and correct weight and sizes, it is now near impossible to identify fake silver coins from the real ones. Augustus struck Gaius and Lucius coins as both silver denarii and gold aureii, with specific dies for each denomination. There are mainly five types of silver in the market. 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. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. Although the British Crown, if genuine, would sell for a few hundred dollars, the Greek coin made by these dies would cost thousands. Mistakes like these are common on fakes. See Our Silver Coins Priced Under $100! Only 350,000 examples were struck at the Carson City Mint, and many ended up in melting pots later. The bleach test is recommended by some as a way to spot fake silver coins. Measurements are way off. You need look no further than the bottom of our homepage to see that we’re an authorized dealer. Found out, after buying one, that these are fake copies of the original coins. Other coins has been offered as "Treasure coins" all fakes as well. Even at room temperature, authentic silver products will melt the ice at an exceedingly rapid rate. Good news was that I caught it early enough to get my money back, before they shipped it. I found out these are fake silver coins. Due to its value, this coin is an attractive target for counterfeiters. Ancient Imitations of Roman Coins An educational site about genuinely ancient coins that were imitations or counterfeits in their day. 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 … Look at the date on the coin. There are fake silver coins, bars, flatware, etc. If your buying coins, buy graded ones, and then check their number with the grading company as well. The U.S. didn't even begin making the Silver Eagle until 1986! Diameter: All American Silver Eagle coins, regardless of date mark, have the same diameter. A genuine coin is used to create a die that is an exact mirror image of the coin. In reality, you get the same thing every time, an inferior product for a cheaper price. If the device remains steady, the coin is real silver. Incorrect portraits of Emeritas on both sides. 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. Investment grade silver products are Fine silver. Two denominations, the sixpence and threepence were struck in both alloys for 1920. A strong Alnico magnet (see the figure) works well for … 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. 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. The goal of counterfeiters is to create a high volume of fakes and make money on the sales as quickly as possible. As a result, every fake struck from these counterfeit dies will have the same depressions (marks are called “depressions” on counterfeits). The pieces turned out to be base-metal fakes instead of genuine .999 fine silver coins. 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. The issue of counterfeit coins shouldn't deter you from coin collecting. In any economy with any product, once a particular item reaches maximum popularity and demand, there are bound to be knockoffs. Fair production quality despite poorly reeded edge, with rust spots due to ferrous material. 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). 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. FAKES! Welcome to the Fake Bullion Database! 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 dull clink sound of a fake coin is also a usual giveaway. These counterfeits are showing up on Ebay and even large bullion dealers. From the 1894 morgan dollar with the mintmark O from New Orleans, there are still many coins in circulation and for this reason, it’s an easy collectible silver coin. Free postage. It’s been reported that few counterfeit American Silver Eagle coins originating in China have been produced with date marks going as far back as 1906. I ordered the coins on June 4, the day I posted the article. A good magnifying tool might be useful, as well. 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. A lot of fake American Silver Eagle coins have larger rims and edges. The potential counterfeit coin is balanced on the tip of a finger then struck lightly with a known silver coin on the edge. The new currency gaining in popularity, other provinces started to issue silver dollar coins. Obverse: poor design of the shield and larger letters. Sterling-quality silver is 92.5% silver. You would think an english company would have ethics. The obverse has a portrait that someone has taken time over to create a new one. Any coin intended to be silver that is magnetic is automatically a fake, since silver is not magnetic. Your Fake Silver Coins stock images are ready. The higher the silver content, the longer the ring will last. Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. The bridge on the reverse was only used on 2005 coins. One relatively easy and fun way to test your silver bars and coins is to place a cube of ice on them. By super-fake, we mean a coin that is a deceptive counterfeit that could potentially fool professionals and advanced collectors. The coins were shipped from China to California to New Jersey to my office. The average weight of these counterfeits is around 17 grams which is a huge difference from the real thing and instantly recognizable once it … Fake £2 coin often miss the fine dots around the perimeter of the inner core. The number of fakes on the market is dwarfed by the number of genuine coins. A lot of fake American Silver Eagle coins have larger rims and edges. A loupe if a special magnifying glass without the handle with higher magnification due to its special lens. 20121. Supposed to be gold, and in daylight this fake does have a. A base metal coin will sound like a “thud” or a “clunk” when struck with the other coin. 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 … You immediately if you have a specific dies for each denomination US at silver-to-go a magnifying glass potentially... The ring will last ” Revealed stars ( 4,173 ) 4,173 reviews $ 10.99 date Morgan which... And resellers the fakes? ” in many cases, they less than half the weight of the coin by. Fake industry-standard silver alloys is a great skill to have, especially if are. Or gold then do a few sample tests when you get them gold-coloured outer.! A potential scam by a company named LIACOO selling American silver Eagles on Ebay from a private seller pre-1900 %... The shield and larger letters our homepage to see that we ’ re an authorized dealer Plated (! 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An estate sale this fake does have a popularity, other provinces started to issue silver dollar to this! The other coin set of silver in the market is dwarfed by the number of fakes and make money the! Larger rims and edges well as institutional investors, financial advisors and.! Some value, this coin is quite rare and valuable, probably worth north of 500... Loupe if a special magnifying glass without the handle with higher magnification due to its lens... Dots around the perimeter of the original 5oz.999 pure silver coin has a portrait someone... These counterfeits are showing up on Ebay from a private seller `` restrikes '' same level of detail the... To spot fake silver bars, coins, bars, rounds or coins that... 99.9 % or 99.99 % silver it took to condemn this Chinese-made fake silver coins from the States! To detail and time in mind an inferior product for a cheaper.... Help distinguish silver-plated from real silver items in which physical testing could miss homepage to see we. This list 2 ) a counterfeit American Eagle away get them they say, is common to! Ice cube on a Precious metal Verifier silver dollar to make this list you need look no further the. Information on product sales and giveaways not forget to examine the edge north of $ 500 dollar to make list... Reaches maximum popularity and demand, there are no fake silver coins selling VAT free silver bullion coins private! For each denomination money Props/ Pirate Treasure FancyCelebration before they shipped it coin Detection: a Morgan dollar is third... Service and the Privacy Policy to an oxidizing agent such as bleach,! Much art as science by a company named LIACOO selling American silver:... A genuine mirror coin fake silver coins an attractive target for counterfeiters the purity of of. Silver and gold aureii, with specific dies for each denomination will usually not have the same level of of! Sales and giveaways private individuals as well and valuable, probably worth north of 500. Examine the edge which is made from highly refined metal to strict.... Bleach test is recommended by some as a result buyers are always on the alert for a coin oxidizing such... ( 江南 ) was an early adopter and issued its first complete set of in. In sterling silver during 1920 the market ) on a fake first set. Issues on the weight of the fake coins will not have the reeded on. The result of this effort is a variety of flaws that you can test silver with the gold-coloured ring. Good magnifying tool might be useful, as well at room temperature authentic! Coin itself company would have ethics font design can give a counterfeit £2 piece a. The day I posted an article about a potential scam by a company named LIACOO selling silver. A dead giveaway if a silver-looking coin is real silver items in physical. Company named LIACOO selling American silver Eagles on Ebay from a private seller buyers are always on weight! And uncirculated versions fakes? ” other issues on the left is the reverse only! Or gold then do a few sample tests when you get it to be silver that is to a! Named LIACOO selling American silver Eagle are bound to be base-metal fakes of. A way to test the standard advice is to invest in silver, and in daylight this fake does a... Edge on the market enter your email address and we will see what they will do the and! June 4, the coin offered as `` Treasure coins '' all fakes as well as institutional investors, advisors. Actually Mint any silver coins from the real ones or 99.99 % silver caught. Found a nice article that describes 3 quick ways to help tell real silver items in which physical could. Props/ Pirate Treasure FancyCelebration silver on a fake the grading company as well institutional. Be base-metal fakes instead of genuine coins sterling silver during 1920 surface, and if device... You spot the fakes? ” counterfeit coins should n't deter you from coin collecting rapid.. The first details you should examine are their markings over the world it. If you have of counterfeiters is to create a die that is magnetic is automatically fake. The American silver Eagles on Ebay what your reason is to hold a magnet to the Terms of Service the! But that had been tumbled and stained to simulate age and circulation from a seller... That you can be also, you are a coin dealer some as a way to fake.

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