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how to spot fake coins

The slightly gold colour of this coin reveals it to be a fake. So, having seen the outrageous prices that some (often fake) coins bring, they want to get a piece of the action. How to Spot Fake Silver When it comes to determining the legitimacy of a silver coin or bar, your eye and your experience can be the best judge. 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. Step 1: Read Up on Known Forgeries Even the most obvious fakes can easily fool anyone who is not a trained expert. Fake slabs are easier than a really good fake coin to spot. Most of the time, you probably can’t. They're also older slabs. So, how can you spot a fake Morgan Silver Dollar? Remember the makers of them don't care, they're making a cheap product they sell very cheaply. At least one buyer has identified these coins as fakes and left negative feedback to that effect. Perhaps it would be good to define some terms at this point. While most counterfeit coins are easy to spot -- due to improper weight, color, even design details -- the truth is there are many good copies that have fooled some of the most seasoned coin collectors! Fakes contain a number of giveaways when you look at the design of the pagoda on the tails side. ... As I have previously stated in other articles one of the best ways to protect yourself from this type of fake … Their intrinsic value will be just pennies. Analysis of the metal content showed the coin had a .918 silver fineness, above the US Mint standards for a silver circulation coin of the age. With Morgan Silver Dollars as popular as ever, counterfeiters are trying to cash in with advanced forgeries. REAL, COMMEMORATIVE, GENERIC or FAKE COINS . All of the counterfeit coins/holders seen so far are coming out of China. Here's what to look for in order to avoid buying fake coins. Over $3,000 of "gold" coins have been sold by these sellers in less than 24 hours. A genuine coin is used to create a die that is an exact mirror image of the coin. Alert members of the PCGS Message Boards were the first to notify PCGS of the counterfeit coins/holders. Struck Counterfeit Coins: A Family of Struck Fake Draped Bust Dollars. INTRODUCTION Spotting a fake: the pagoda. If the coins are fake they will be composed of copper or a base metal alloy that is plated with a thin layer of gold. One of the simplest and cheapest ways to make a counterfeit In recent days, counterfeit coins in counterfeit PCGS slabs have begun to appear on eBay, the online auction site. It's the person that buys it from them who is hoping to sell it for a big profit. You are making a mountain out of a mole hill of worry with this one. This includes any and all marks, scratches or other issues on the surface of the genuine coin. So, before you start applying corrosive chemicals and tests to your potential silver (we’ll discuss these shortly) be sure to follow these steps: As a result, every fake struck from these counterfeit dies will have the same depressions (marks are called “depressions” on counterfeits). Ironically, the fakes out there can degrade or artificially boost the amount of money they may get for their genuine coins. ANCIENT COINS & MODERN FAKES How To Tell The Difference An Authentication Primer by Dennis J. Kroh The summary of a talk given at the Numismatic Theater during the 99th Annual American Numismatic Association Convention in Seattle on Friday, August 24, 1990. Product they sell very cheaply PCGS slabs have begun to appear on eBay, the online site. Anyone who is hoping to sell it for a big profit struck counterfeit coins counterfeit. Money they may get for their genuine coins scratches or other issues on the tails side online site! 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