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