Buy From Reputable Dealers. 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. If you buy Chinese silver Panda coins on eBay, you could be purchasing a counterfeit coin.Many Panda coins listed on eBay are fake. Fake silver dies in the photo include fake numismatic Greek Drachmas and British Crown coins as well as US coins. The slightly gold colour of this coin reveals it to be a fake. 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. This gentleman does a good job of explaining it. Any coin intended to be silver that is magnetic is automatically a fake, since silver is not magnetic. Looking at enough real silver eagles, will give you a trained eye to easily spot the fake silver coins. Long-term use of PVC-containing flips can irreversibly discolor a coin. I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. completely. A lot of fake American Silver Eagle coins have larger rims and edges. 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. I bought some counterfeit pandas directly from China a few years ago and […] So There Were Only A Few Coins. Nickels 1942-45 (war nickels) are 35% silver. Peter I (1699-1725), 1 Rouble 1725. Font issues: There are many font issues you’ll find highlighted by SilverCoins.com, but the date mark is one quick place to check. Metal Content. Some pictures were taken from coin auctions of Russia, America, Germany and Austria. Here are the best ways to spot fake gold or silver. 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. there is no coloured Series 1 1oz Tiger). A danger with silver, however, is in fakes. 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. You can send additional scans of fake coins to help the others to avoid becoming a victim of coin fraud. Shady dealers have been peddling fake silver because it … Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. 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. One Of The Coins” A Draped Bust Silver Dollar. Exposure to salt water corrodes a coin’s surface, so its appearance may look pitted. Fakes contain a number of giveaways when you look at the design of the pagoda on the tails side. If it sticks, it’s fake because real silver is non-magnetic. 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. Also, no 1895 CC Morgan Dollars exist, and only proofs were struck from Philadelphia so no mint mark types exists! A strong Alnico magnet (see the figure) works well for … Cast Fake Coins. Its highly doubtful you find any other nickel old enough to be made of silver. Test Your Coins with a Magnet. Below is the second version. 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. Now I want to share how to tell a fake Canadian Maple Leaf coin from a real one. 7. 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. Half dollars are split, 1948-1964 being 90% silver, and 1965-70 being 40% silver. For more way to test silver, check out SilverCoins Fake Silver Coins: 11 Ways to Spot Counterfeits. This often eliminates air-bubbles while adding sharpness. This method can also help collectors spot other counterfeit coins, including fake gold coins, silver coins, and more. The best place to start is to use a magnet. Some of the coins don't even exist (e.g. Any valuable item is going to have fakes. Welcome to Silver 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. I’d like to take a look at the history of US silver coins that have been used as money since our nation begun. 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. Good news was that I caught it early enough to get my money back, before they shipped it. 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 original 5oz .999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. So, how can you spot a fake Morgan Silver Dollar? If iron or steel are present the coin will stick to the magnet and reveal the fake piece. Coins have been minted since the 6th century B.C. 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. The silver and gold coins are nearly always the wrong weight. 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! All United States silver and gold coins are not attracted to a magnet. There are fake silver coins, bars, flatware, etc. Nearly half are suspicious looking. By super-fake, we mean a coin that is a deceptive counterfeit that could potentially fool professionals and advanced collectors. 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. According to Change Checker, there are hundreds of thousands of fake two pound coins in circulation. Centrifugal Casting: This is a rather recent process, wherein the coin is whirled in a centrifuge while being cast. A great way to find those fake silver coins is to use a neodymium magnet. This is a very important indicator of a fake with these coins. 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. 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 … It's unfortunate but it's reality and silver is no exception. Even the most obvious fakes can easily fool anyone who is not a trained expert. Get informed. Place one on top of the silver item and the ice cube on a regular pan. 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. How Do You Spot Fake American Silver Eagles? Dimes and quarters made before 1964 are 90% silver. Peter I (1699-1725), 1 Rouble 1722 . Having just posted about how they make the 2014 Canadian Silver Maple Leaf coins. It has better details like the Pandas fur pattern. 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. A dead giveaway is the edges of the coin or reeding. Spotting a fake: the pagoda. Get two ice cubes. 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. 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. Older coins are more susceptible to damage due to storage containers. The NGC and others maintain a list of known Morgan Silver Dollar forgeries that have come along. How to Identify Old Coins. Counterfeit Coin Countermeasure Bonus: Key Dates. Step 1: Read Up on Known Forgeries. With your Red Book, you may find a golden or silver needle in a haystack. Toning may occur to coins of any metal, but is often particularly prominent for brass, bronze and silver coins. I rarely encounter fake rare American coins on eBay, but fake Pandas are common. If a coin or bar sticks to it that means that it is a counterfeit. The details are usually softened and lack "sharpness". Augustus struck Gaius and Lucius coins as both silver denarii and gold aureii, with specific dies for each denomination. 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. 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. I Brought Them. For coins, using a Fisch device can be helpful too. Video: How To Spot A Fake American Gold Eagle. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. You then hold it to your ears, and it should ring with the distinctive tone of silver if it is pure silver. I Went To A Pawn Shop” Searching For Silver Coins. Most of the time, you probably can’t. Found out, after buying one, that these are fake copies of the original coins. 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