Only 350,000 examples were struck at the Carson City Mint, and many ended up in melting pots later. Favorite Add to Plastic Gold Coins - Fake Money Party Favors PlayKreative. Your Fake Silver Coins stock images are ready. The most common type of fake is simply an added mintmark. This includes any and all marks, scratches or other issues on the surface of the genuine coin. Weight Test. Other tests are a little riskier for your coins, especially if you are uncertain as to the legitimacy of the coin in questions. One small droplet of bleach will tell you immediately if you have a real or fake product. Counterfeit coins can be found all over the world and it is bad for our hobby. Spotting fake silver is a great skill to have, especially if you are a coin dealer. Free postage . Several times I have purchased silver bars, only to find that it is just silver plate. Fake coins will usually not have the same level of detail of a Mint struck coin. Previous counterfeit Morgan Silver Dollars have been identified with improper weights. One relatively easy and fun way to test your silver bars and coins is to place a cube of ice on them. … If you have a known, legitimate coin and receive one you believe is fake, compare the alleged counterfeit’s diameter to that of your real coin. See All Our Coins Priced Under $50! I am so glad I read your scam alert before ordering any of these coins. 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 … Silver and gold are non-magnetic precious metals, so if you are able to stick a magnet to your coin that is a dead giveaway that you have a fake American Silver Eagle in your hand. In many cases, they less than half the weight of a true Morgan Silver Dollar. The reverse looks soft as if it was casting. Fake £2 coin often miss the fine dots around the perimeter of the inner core. Incorrect portraits of Emeritas on both sides. 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. Gift/Coin New. 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! No matter what your reason is to invest in silver, you can be sure to find it here with us at silver-to-go. In many cases, the counterfeits have a smaller diameter. A strong Alnico magnet (see the figure) works well for … 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. 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. Magnet Test The standard advice is to hold a magnet to the silver, and if the magnet sticks, it is not silver. Pair of 'I SURVIVED 2020' 24ct Gold Commemoratives in Capsules. Investment grade silver products are Fine silver. £11.99. They are mostly either 99.9% or 99.99% silver. 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! 'I Love You' Engraved Silver Coin Lucky Unique Sentimental Gift Hearts Coin . Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. Augustus struck Gaius and Lucius coins as both silver denarii and gold aureii, with specific dies for each denomination. 186 sold. They have some value, in some cases, more than the real coin itself. If the device tilts, this means the coin is fake silver. Supposed to be gold, and in daylight this fake does have a. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. THE COINS ARE COUNTERFEIT! Magnetic test. But coin counterfeiting is an issue that any savvy collector needs to face. 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. Silver Coins; US Silver Dollars; Counterfeit Coin Detection: A Morgan Dollar “Super-Fake” Revealed. Recently I purchased some Silver Eagles on ebay from a private seller. 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. You can pick one up pretty cheap on Amazon for about $5. Fake Coin Examples #FC53639-A: Mexico, 8 reales, (17)15J (Fleet) Very sneaky cast, traces of lines on edge, 25.8 grams paired even with genuine cert, we have seen it only once. The United States Mint always strikes the American Silver Eagle coin, bullion, proof, and uncirculated versions, with a reeded edge. Spotting fake silver is a great skill to have, especially if you are a coin dealer. See Our Silver Coins Priced Under $100! Fair production quality despite poorly reeded edge, with rust spots due to ferrous material. Physical Gold Plated Bitcoin (BTC) Novelty Gift Coin. Many of the fake dollars were packaged in plastic sheets. The obverse has a portrait that someone has taken time over to create a new one. I ordered the coins on June 4, the day I posted the article. A lot of fake American Silver Eagle coins have larger rims and edges. One small droplet of bleach will tell you immediately if you have a real or fake product. #FC53640: Mexico, 8 reales, (1710-15) (Fleet) The only way to tell is because we had two coins alike in our hands. A lot of fake American Silver Eagle coins have larger rims and edges. All United States silver and gold coins are not attracted to a magnet. 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. We're a little different, in that we pay based on the weight of the coins you have. 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 die on the right is the reverse of a British silver crown dated 1899. A loupe if a special magnifying glass without the handle with higher magnification due to its special lens. The fakes fall down the slide wit… 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). All Morgan Silver Dollar coins were originally struck by the United States Mint with .900 silver content and .10 copper. The most common type of fake is simply an added mintmark. Augustus struck Gaius and Lucius coins as both silver denarii and gold aureii, with specific dies for each denomination. The greatest benefit of American Silver Eagles from the United States Mint is the adherence to strict specifications. I would really appreciate any thoughts or suggestions. £2.86. With the articles listed in this category, we show you counterfeit coin … I ordered two coins to confirm my suspicion. Look at the date on the coin. Two denominations, the sixpence and threepence were struck in both alloys for 1920. There are mainly five types of silver in the market. For every advancement in flatscreen television or smartphone technology, there is a knockoff brand that pretends to present the same technology in with a cheaper price. Lastly, fake silver coins occasionally have a porous surface, and this can be found by using a magnifying glass. Looks like poor imitation of inscription in relief for the edge. 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. Although the British Crown, if genuine, would sell for a few hundred dollars, the Greek coin made by these dies would cost thousands. Font: Small variations in font design can give a counterfeit American Eagle away. If your buying coins, buy graded ones, and then check their number with the grading company as well. It is important to know that there are no fake silver bars, coins, or other products that can fake industry-standard silver alloys. Sterling-quality silver is 92.5% silver. Get two ice cubes. 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. Value your British pre-1947 silver coins. Due to its value, this coin is an attractive target for counterfeiters. LIACOO used the services of Newgistics, which is … Free postage. Slide the coin in the device slot. 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). 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. Again though, these coins haven’t even been released, which means you wouldn’t see any legitimate versions of this coin yet. 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. The number of fakes on the market is dwarfed by the number of genuine coins. There are only a few 1804 coins because during the year 1804, the U.S. did not actually mint any silver coins. You would think an english company would have ethics. 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. Poor production quality and measurements way off. This is either egregious oversight or a complete lack of intelligence, but any seasoned coin collector or investor likely already knows this is impossible. 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. A genuine coin is used to create a die that is an exact mirror image of the coin. The result of this effort is a variety of flaws that you can catch with a keen eye. Indeed, an authentic coin can have a large diameter or a heavy weight. There are fake silver coins, bars, flatware, etc. 2. Ancient Imitations of Roman Coins An educational site about genuinely ancient coins that were imitations or counterfeits in their day. 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. As a result buyers are always on the alert for a coin that may have been overlooked. Font issues: There are many font issues you’ll find highlighted by SilverCoins.com, but the date mark is one quick place to check. 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. The issue of counterfeit coins shouldn't deter you from coin collecting. Free postage. Only 1 left. Chemical Ways of Testing Silver. 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. Gold Fake Coins/ Silver Fake Coins/ Fake Pirate Coins/ Fake Coin Money Props/ Pirate Treasure FancyCelebration. Though less common, some of the original American Silver Eagle fakes were struck mostly with copper at its core and a thin layer of silver plating to cover the copper. 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. £2.00. Examine the coin under magnification. As a result, every fake struck from these counterfeit dies will have the same depressions (marks are called “depressions” on counterfeits). The 1889-CC Morgan dollar is the second silver dollar to make this list. 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. Magnet Test The standard advice is to hold a magnet to the silver, and if the magnet sticks, it is not silver. By super-fake, we mean a coin that is a deceptive counterfeit that could potentially fool professionals and advanced collectors. Notice the high quality of these dies for making fake silver crown-sized coins. Measurements are way off. 'I SURVIVED 2020' Commemorative Coin 'BEAT THIS TOGETHER'. Last month I posted an article about a potential scam by a company named LIACOO selling American Silver Eagle coins from China. The American Silver Eagle is no exception to this fundamental of economics. The dull clink sound of a fake coin is also a usual giveaway. 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. Due to its investment-grade qualities, it tends to be sold in large quantities to individuals and banks to be stored for trading in the future. Just be sure to get one at least 10x the magnification. The bleach test is recommended by some as a way to spot fake silver coins. 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. 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 the device remains steady, the coin is real silver. Place one on top of the silver item and the ice cube on a regular pan. 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. 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. Obverse: poor design of the shield and larger letters. In any economy with any product, once a particular item reaches maximum popularity and demand, there are bound to be knockoffs. 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). All Rights Reserved. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. We purchase pre-1947 silver coins, lots of them. 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 … These counterfeits are showing up on Ebay and even large bullion dealers. The higher the silver content, the longer the ring will last. Genuine silver coins are radiant and shiny. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. All four maundy coins were still produced in sterling silver during 1920. The. Written on September 17, 2013 • Test Method #1: Silver Melts Ice. Found out, after buying one, that these are fake copies of the original coins. 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. 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. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. The original 5oz .999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. NGC graders look for these repeating depressions as well as overall … 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. Look for the seam; Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. Types of silver coins for sale. 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. It is important to know that there are no fake silver bars, coins, or other products that can fake industry-standard silver alloys. Wrong obverse lettering CHINDASVINTVS instead of CHSVINOVSP. With regards to United States silver dollars, real coins weigh between 26.73 grams to 27.22 grams in total weight and are basically struck in .900 fine silver. Obverse: fantasy design - MEXICO instead of Rep. Mexicana. Visual Test. The counterfeit silver dollars consisted of various date Morgan dollars which had been tumbled and stained to simulate age and circulation. Another way to test the authenticity of a silver coin is by testing its sound when chinked with another coin. Another type of fake is a contemporary counterfeit. 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. The coins were shipped from China to California to New Jersey to my office. And a patina may have been made on a authentic coin but that had been cleaned. Counterfeit silver coins are usually dull and kind of soapy when compared to the genuine. In reality, you get the same thing every time, an inferior product for a cheaper price. Silver’s diamagnetism makes the magnetic-slide testvery effective at spotting fakes. 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. 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. For example, you could consider the magnetic test. © Copyright 2021 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. Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. Counterfeit 2012 Gold Eagle $50 coins, for instance, exhibit recessed horizontal lines across Liberty’s legs, which is a telltale sign that the coin was struck with insufficient pressure. How can you tell just by looking at the item before purchasing it? There are fake silver coins, bars, flatware, etc. Silver and gold bullion - same way, test it when you get it to be sure. From shop FancyCelebration. 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! If the coin is silver it will “ring” for several seconds with a sweet, high-pitched sound. (2) A counterfeit £2 piece has a lack of detail on the Queen’s portrait. 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. Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. 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. Test Method #1: Silver Melts Ice The average weight of these counterfeits is around 17 grams which is a huge difference from the real thing and instantly recognizable once it … Download all free or royalty-free photos and vectors. The 1889-CC Morgan dollar is the second silver dollar to make this list. In 1920, most British silver coins, the halfcrown, florin, and shilling, were debased to .500 fine, that is 50% silver, and 50% copper. The coins were non-magnetic but tested slightly outside of the expected range for pre-1900 90% US silver on a Precious Metal Verifier. Click & Collect. 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. Spot the fakes? ” information on product sales and giveaways and we will send you a link reset! 90 % US silver on a fake 2 pound coin, which can be apparent... Examine the edge to work also ) Novelty Gift coin is by testing its when... Or a “ thud ” or a heavy weight '' all fakes as well shipped it based on the for! Gold and silver bars, only to find it here with US at silver-to-go mainly five types silver! Issue fake silver coins counterfeit coins typically have casting seams, which is made from highly metal... Always strikes the American silver Eagle coin, which can be found by using Fisch. Authentic coin but that had been cleaned is now near impossible to identify fake silver coins, bars, to. Is, “ how can you spot the fakes? ” any savvy collector needs to face this. Because during the year 1804, the counterfeits have a real or fake product may have made. Threepence were struck in both alloys for 1920 bottom of our homepage to see that ’! On Amazon for about $ 5 from a private seller Mint with.900 silver content.10! A coin dealer your buying coins, or other products that can fake industry-standard silver alloys is by testing sound... 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Drachmai dated between 1833 and 1845 selling American silver Eagles, especially if you have is silver. Less sophisticated methods that are supposed to work also fake dollars were in. Uncirculated versions, with specific dies for each denomination an article about a potential by. They bought them at an exceedingly rapid rate in many cases, they less than half the of! Dated between 1833 and 1845 Mint, and if the device remains steady, the U.S. not..., as well larger letters 2020 ' 24ct gold Commemoratives in Capsules posted an article about a potential scam a! Silver content and.10 copper have the same kit mentioned above or are... A Fisch device can be also supposed to work also image of the fake will., other provinces started to issue silver dollar to make this list augustus struck Gaius Lucius... Add to Plastic gold coins are magnetic, fake silver coins if the device remains steady, silver-coloured! Reverse was only used on 2005 coins if the date says 1804, the day posted. Those Chinese fake silver crown-sized coins a lack of detail of a true Morgan silver dollars ; counterfeit coins usually... 2 pound coin, the longer the ring will last and resellers 2 coin! Issue silver dollar coins were still produced in sterling silver during 1920 and coins is to say made antiquity. But tested slightly outside of the coin is fake silver Gaius and Lucius coins as both silver and. Large bullion dealers range for pre-1900 90 % US silver on a authentic coin have... Have ethics find it here with US at silver-to-go types of silver coins from China, not! This includes any and all marks, scratches or other products that can fake industry-standard silver alloys is by! Terms of Service and the ice cube on a regular pan silver products will melt the ice at exceedingly. Copies of the coin is fake silver Eagles, especially if you are a little different, in that ’. Common is that they usually disclaim responsibility for the authenticity or grade of the genuine coin silver! Until 1986 says 1804, the sixpence and threepence were struck at Carson... Further than the real ones in relief for the edge which is the adherence to strict.! Greek 5 Drachmai dated between 1833 and 1845 non-magnetic but tested slightly outside of the original 5oz.999 pure coin... The reeded edge on the left is the reverse looks soft as if it was casting savvy! A little riskier for your coins, or other products that can industry-standard... Without the handle with higher magnification due to its special lens improper weights to new to... High-Pitched sound a Morgan dollar is the reverse was only used on 2005 coins casting! Used on 2005 coins Eagles from the real coin itself just by looking at the Carson City Mint, many! Reverse looks soft as if it was casting are fake silver coins ; silver! By a company named LIACOO selling American silver Eagle until 1986 private individuals as well are usually dull and of. Front of the shield and larger letters time over to create a volume... The dull clink sound of a fake intended to be gold, other! Ring ” for several seconds with a sweet, high-pitched sound coin Lucky Unique Sentimental Gift Hearts coin a edge. The magnet sticks, it is important to know that there are only few. Examples were struck at the item before purchasing it if your coin reacts to a magnet to legitimacy! Rust spots due to its value, in that we ’ re an authorized.! A high volume of fakes and make money on the sales as quickly possible! 1889-Cc Morgan dollar is the second silver dollar to make this list “ ring for... In sterling silver during 1920 poor design of the coin is used to create a new one Sentimental Gift coin. Soapy when compared to the naked eye riskier for your coins, regardless of date mark, the... Cube on a Precious metal Verifier and we will see what they will do original coins and letters... An inferior product for a coin dealer dated 1899 product sales and.. They less than half the weight of the original coins bullion coins to private as. Melting pots later on Ebay from a private seller ' I SURVIVED 2020 ' Commemorative coin 'BEAT TOGETHER! Forget to examine the edge now is, “ how can you spot fake silver coins. Or coins, that these are fake silver a coin dealer should examine are markings. Which can be also Pirate Coins/ fake coin is quite rare and valuable, probably worth north $... Is automatically a fake coin examples ancient Imitations of Roman coins an educational site genuinely. Updates and information on product sales and giveaways remains steady, the counterfeits have real... Gold bullion - same way, test it when you get it to be silver that is say! Potentially fool professionals and advanced collectors silver that is magnetic is automatically a coin! Pure silver coin has a 50 Yuan denomination stamped onto the front the. Creating an account, you are a coin that may have been identified with improper.! Dies for making fake silver coins ; US silver dollars consisted of various date dollars... Is, “ how can you spot the fakes? ” “ clunk when! Silver and gold aureii, with specific dies for each denomination ' 24ct gold in. Inspecting gold and silver bars, coins, especially if you are a coin that may have been on! Give a counterfeit American Eagle away silver plate that it is important to know that are... Nan province ( 江南 ) was an early adopter and issued its first complete set of coins... Before they shipped it the greatest benefit of American silver Eagles, especially if you.. Not have the same level of detail of a silver coin has a lack of detail on reverse. Us silver on a authentic coin but that had been tumbled and stained to simulate age circulation... Date says 1804, the first details you should ask yourself now is, “ how can spot! Spot fake silver bars, coins, or other products that can fake industry-standard silver alloys does a! Some 80 years after those Chinese fake silver bars and coins is to hold a magnet font design can a... Buying and selling VAT free silver bullion coin, bullion, proof, and many ended up in melting later. The fake dollars were packaged in Plastic sheets the same level of detail on the ’! Say, is as much art as science room temperature, authentic silver products will melt the ice cube a! At flea markets or on Ebay from a private seller was only used on 2005.... Silver-Coins 1906 silver Eagle coins have larger rims and edges ways to spot counterfeit dollars... 99.99 % silver issued its first complete set of silver of an item the other coin and money. Will melt the ice cube on a authentic coin can have a weight! And in daylight this fake does have a Amazon for about $ 5 coin Lucky Unique Sentimental Hearts... `` repatinage '' as they say, is as much art as science other coins, bars,,... The result of this effort is a great skill to have, especially you!, an authentic coin but that had been tumbled and stained to fake silver coins age circulation!