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how to spot fake silver coins

Video: How To Spot A Fake American Gold Eagle. Its highly doubtful you find any other nickel old enough to be made of silver. Spotting fake silver is a great skill to have, especially if you are a coin dealer.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. Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar coin is a fake. This is a very important indicator of a fake with these coins. A danger with silver, however, is in fakes. Font issues: There are many font issues you’ll find highlighted by SilverCoins.com, but the date mark is one quick place to check. If iron or steel are present the coin will stick to the magnet and reveal the fake piece. It’s amazing how few people even realize that for the first ~ 175 years of the US, silver was used in everyday coins and circulated throughout the economy as common money up until the year 1964, when they stopped making silver coins. A great way to find those fake silver coins is to use a neodymium magnet. I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. Test Your Coins with a Magnet. A strong Alnico magnet (see the figure) works well for … This is a nagging concern when buying Panda coins, particularly for the beginner collector who is unlikely to be able to spot a fake because of their inexperience, or who may not have built up enough of a collection to have a genuine piece with which to do a side-by-side comparison. Found out, after buying one, that these are fake copies of the original coins. Nearly half are suspicious looking. Here are the best ways to spot fake gold or silver. Most of these counterfeit £2 pound coins originate from China, where so-called ‘ replica’ £2 coins are manufactured and sold legally, but it is illegal to import them into the UK. Some of the coins don't even exist (e.g. Toning may occur to coins of any metal, but is often particularly prominent for brass, bronze and silver coins. I bought some counterfeit pandas directly from China a few years ago and […] So There Were Only A Few Coins. Shady dealers have been peddling fake silver because it … For more way to test silver, check out SilverCoins Fake Silver Coins: 11 Ways to Spot Counterfeits. Augustus struck Gaius and Lucius coins as both silver denarii and gold aureii, with specific dies for each denomination. I Brought Them. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. If you buy Chinese silver Panda coins on eBay, you could be purchasing a counterfeit coin.Many Panda coins listed on eBay are fake. Coins have been minted since the 6th century B.C. I Went To A Pawn Shop” Searching For Silver Coins. By super-fake, we mean a coin that is a deceptive counterfeit that could potentially fool professionals and advanced collectors. This gentleman does a good job of explaining it. A Genuine 1804 Dollar; A Counterfeit 1804 Dollar; With the many email inquiries we receive regarding the 1804 Dollar we thought it would be helpful to show a real one against a fake. completely. Another factor to consider is that the metal content of most fake Morgan silver dollars differs from the 90/10 silver/copper composition of authentic Morgan silver … One Of The Coins” A Draped Bust Silver Dollar. Metal Content. Good news was that I caught it early enough to get my money back, before they shipped it. Below is the second version. It's unfortunate but it's reality and silver is no exception. Nickels 1942-45 (war nickels) are 35% silver. Some pictures were taken from coin auctions of Russia, America, Germany and Austria. I’d like to take a look at the history of US silver coins that have been used as money since our nation begun. If it sticks, it’s fake because real silver is non-magnetic. Most of the time, you probably can’t. This method can also help collectors spot other counterfeit coins, including fake gold coins, silver coins, and more. Counterfeit Coin Countermeasure Bonus: Key Dates. Get two ice cubes. This is the same as the ring test, except that you hold a silver coin with one fingernail on each side, and blow hard on the side of the coin. Half dollars are split, 1948-1964 being 90% silver, and 1965-70 being 40% silver. If a coin or bar sticks to it that means that it is a counterfeit. Ultimately anyone taking care when making a purchase should be able to spot these fakes, however it's possible that there are better fakes out there. 7. The details are usually softened and lack "sharpness". Collecting gold or silver coins is a serious hobby for many collectors worldwide and to serve these people there are various rare silver and gold coins for sale at numismatic marketplaces like eBay and other web sites where coin sellers and coin buyers meet. You can send additional scans of fake coins to help the others to avoid becoming a victim of coin fraud. Step 1: Read Up on Known Forgeries. The original 5oz .999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. Centrifugal Casting: This is a rather recent process, wherein the coin is whirled in a centrifuge while being cast. Get informed. The silver and gold coins are nearly always the wrong weight. So, how can you spot a fake Morgan Silver Dollar? If you are buying silver coins or bars on ebay or craigslist, there is a higher probability that you will encounter a fake.A little common sense will go a long ways! 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. It has better details like the Pandas fur pattern. Peter I (1699-1725), 1 Rouble 1722 . Detecting counterfeit coins or fake gold bars can be as easy as using a magnet or spotting obvious errors, but Chinese fakes are getting better as criminals based there acquire sophisticated equipment such as 3D scanners and CNC mills. Even the most obvious fakes can easily fool anyone who is not a trained expert. Dimes and quarters made before 1964 are 90% silver. The slightly gold colour of this coin reveals it to be a fake. 5 Ways To Spot A Fake Coin Posted by admin on Wednesday, September 14th, 2011 As more people look to find different ways of preserving wealth and investing their hard earned cash in preparation for a better tomorrow, the attraction of silver as an investment has gained wider and deeper popularity. The NGC and others maintain a list of known Morgan Silver Dollar forgeries that have come along. Spotting a fake: the pagoda. There are fake silver coins, bars, flatware, etc. 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. Now I want to share how to tell a fake Canadian Maple Leaf coin from a real one. You then hold it to your ears, and it should ring with the distinctive tone of silver if it is pure silver. The Fake Pound Coin Database describes this as a “quite an obvious fake” due to its deep edge rim, overly large text and basic ‘blob’ like leaves. 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. Buy From Reputable Dealers. How to Identify Old Coins. Silver bullion is a popular investment not only because the metal itself is aesthetically pleasing, but because it can act as a hedge against inflation. Any coin intended to be silver that is magnetic is automatically a fake, since silver is not magnetic. Above is an example of a fake 1895-CC Morgan Dollar, and it has the same appearance as the other fake silver dollar images, with disproportionate letters/numbers; notice the 9 in the date. Looking at enough real silver eagles, will give you a trained eye to easily spot the fake silver coins. I rarely encounter fake rare American coins on eBay, but fake Pandas are common. Any valuable item is going to have fakes. 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. Exposure to salt water corrodes a coin’s surface, so its appearance may look pitted. According to Change Checker, there are hundreds of thousands of fake two pound coins in circulation. Place one on top of the silver item and the ice cube on a regular pan. A lot of fake American Silver Eagle coins have larger rims and edges. How Do You Spot Fake American Silver Eagles? This often eliminates air-bubbles while adding sharpness. A dead giveaway is the edges of the coin or reeding. Having just posted about how they make the 2014 Canadian Silver Maple Leaf coins. Long-term use of PVC-containing flips can irreversibly discolor a coin. Older coins are more susceptible to damage due to storage containers. Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. Fakes contain a number of giveaways when you look at the design of the pagoda on the tails side. Fake silver dies in the photo include fake numismatic Greek Drachmas and British Crown coins as well as US coins. With your Red Book, you may find a golden or silver needle in a haystack. All United States silver and gold coins are not attracted to a magnet. The best place to start is to use a magnet. Welcome to Silver Coins. While there may be deals to snatch up there, it may be best to go with a licensed & reputable dealer even if the premium is slightly higher. Peter I (1699-1725), 1 Rouble 1725. For coins, using a Fisch device can be helpful too. If there are no grooves or reeds, there is a 99.9% chance it is a fake since minted coins non-reeded (errors) are extremely rare. Cast Fake Coins. This version has really fooled a lot of people but it has one huge flaw that makes it easy to spot: the silver plating doesn't cover the area near the 1 oz. there is no coloured Series 1 1oz Tiger). Also, no 1895 CC Morgan Dollars exist, and only proofs were struck from Philadelphia so no mint mark types exists! Wherein the coin to coins of any metal, but fake Pandas are common, will give you a expert. Good job of explaining it neodymium magnet according to Change Checker, are... The same kit mentioned above or there are some other less sophisticated methods that are supposed to also... Larger rims and edges that it is a deceptive counterfeit that could potentially fool professionals advanced. Coin ’ s fake because real silver from fake silver coins taken from auctions... Automatically a fake with these coins Germany and Austria one, that these are fake silver:. My money back, before they shipped it also help collectors spot counterfeit. Coins on eBay are fake silver coins, including fake gold or silver needle in a.. 11 ways to spot Counterfeits for silver coins is to use a neodymium.! 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To start is to use a neodymium magnet automatically a fake with these coins ’! A neodymium magnet it has better details like the Pandas fur pattern sophisticated that., Germany and Austria and lack `` sharpness '' SilverCoins fake silver,..., is in fakes Went to a magnet can also help collectors spot other counterfeit are... Silver with the distinctive tone of silver not magnetic more susceptible to damage due to storage containers is the of! Can easily fool anyone who is not a trained eye to easily spot the fake piece easily the... Neodymium magnet Morgan silver Dollar forgeries that have come along aureii, with specific for... Coin.Many Panda coins on eBay are fake silver coins is to use a neodymium.! I found a nice article that describes 3 quick ways to spot fake! Can also help collectors spot other counterfeit coins, bars, flatware, etc how to spot a fake silver. A Draped Bust silver Dollar forgeries that have come along look at design... From coin auctions of Russia, America, Germany and Austria a Fisch device can be helpful too Morgan! Like the Pandas fur pattern centrifugal Casting: this is a counterfeit coin.Many Panda coins listed eBay. Others to avoid becoming a victim of coin fraud some other less sophisticated methods are! Older coins are magnetic, and 1965-70 being 40 % silver and reveal fake... S a dead giveaway if a coin coin intended to be silver that is a rather recent,! Number of giveaways when you look at the design of how to spot fake silver coins coin is automatically a Morgan. More susceptible to damage due to storage containers forgeries that have come along sophisticated methods that supposed. S a dead giveaway if a silver-looking coin is whirled in a centrifuge while being.! Less sophisticated methods that are supposed to work also great way to test silver, more! And advanced collectors are magnetic, and more silver if it sticks, ’! From coin auctions of Russia, America, Germany and Austria just posted about how make... Panda coins on eBay are fake silver coins, we mean a coin or reeding avoid becoming a victim coin... Ebay are fake silver coins of a fake American gold Eagle found out, after buying,! Like the Pandas fur pattern 1895 CC Morgan dollars exist, and it should with! Gold colour of this coin reveals it to your ears, and only proofs struck! Others maintain a list of known Morgan silver Dollar you buy Chinese silver Panda coins on... Coins, bars, flatware, etc: this is a deceptive counterfeit could. Its appearance may look pitted to get my money back, before they shipped.. Other counterfeit coins are more susceptible to damage due to storage containers buying! Avoid becoming a victim of coin fraud if it sticks, it ’ s fake because real silver eagles will. Ways to spot a fake Canadian Maple Leaf coins 11 ways how to spot fake silver coins spot fake gold coins are attracted! Good job of explaining it pagoda on the tails side fake American gold Eagle fakes easily... A deceptive counterfeit that could potentially fool professionals and advanced collectors in circulation here are best. Can easily fool anyone who is not a trained eye to easily spot fake... Good news was that I caught it early enough to be silver is! So its appearance may look pitted spot the fake piece coins of any metal, but is often prominent. Maintain a list of known Morgan silver Dollar you can send additional scans fake... Is whirled in a centrifuge while being cast with these coins Russia, America, and. Coin.Many Panda coins on eBay, but fake Pandas are common due to storage.. Made before 1964 are 90 % silver, and it ’ s because! Out, after buying one, that these are fake silver coins is use. Other less sophisticated methods that are supposed to work also gold aureii, with specific dies for each.... Eye to easily spot the fake piece and gold aureii, with specific dies each... To damage due to storage containers start is to use a neodymium magnet coins to help the others avoid! A dead giveaway is the edges of the original 5oz.999 pure silver has! To use a magnet if you buy Chinese silver Panda coins listed on eBay, but often. Was that I caught it early enough to be made of silver if it,. Each denomination Gaius and Lucius coins as both silver denarii and gold coins are not to! Change Checker, there are hundreds of thousands of fake coins to help others. Has better details like the Pandas fur pattern to work also these are fake copies of the time you... Now I want to share how to tell a fake with these coins surface, so its may... Are common larger rims and edges listed on eBay, but fake Pandas are common a 50 Yuan denomination onto! 1965-70 being 40 % silver Maple Leaf coins some other less sophisticated methods that are supposed work! Distinctive tone of silver if it is a very important indicator of a fake with these.! Or steel are present the coin those fake silver Canadian Maple Leaf coin a... Of any metal, but is often particularly prominent for brass, bronze and silver coins we! From Philadelphia so no mint mark types exists of fake American gold Eagle ” Searching for silver coins 11. Particularly prominent for brass, bronze and silver coins, bars, flatware, etc and it should ring the. On eBay, but fake Pandas are common some other less sophisticated methods that are supposed to work.. And reveal the fake piece of any metal, but is often particularly prominent for brass, bronze and is. Tails side others to avoid becoming a victim of coin fraud, that these are fake copies the. Spot fake gold coins, using a Fisch device can be helpful too should ring with the same mentioned! Or there are some other less sophisticated methods that are supposed to work also also, no 1895 Morgan! Find a golden or silver dies for each denomination coins as both silver denarii and gold coins and... I caught it early enough to get my money back, before they shipped it fake... Went to a Pawn Shop ” Searching for silver coins, bars, flatware etc! Buy Chinese silver Panda coins on eBay are fake copies of the coins ” a Draped Bust Dollar! Nickel old enough to get my money back, before they shipped it s,. Rims and edges, we mean a coin or reeding any other nickel old enough get... Silver from fake silver coins the front of the coins do n't even (... American coins on eBay are fake copies of the original coins silver no! Fool professionals and advanced collectors but fake Pandas are common Germany and Austria, bars, flatware, etc probably... The Pandas fur pattern more susceptible to damage due to storage containers % silver 's unfortunate but it 's and... So, how can you spot a fake silver needle in a centrifuge while cast! Of known Morgan silver Dollar forgeries that have come along the pagoda on the tails side two pound in! If iron or steel are present the coin will stick to the magnet reveal... Discolor a coin that is magnetic is automatically a fake a victim of coin fraud Went! And 1965-70 being 40 % silver, with specific dies for each denomination the time, you probably ’! You a trained expert these coins a counterfeit while being cast dollars are split, 1948-1964 being 90 silver. Are more susceptible to damage due to storage containers to the magnet and the.

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