Let’s go back in time two years before we look at the latest counterfeit Morgan Silver Dollar. Settings. This example was among several fake Proof 2010-W American Eagle silver dollar recently submitted to ANACS for certification. Which Of These Silver Eagles Is Fake? US Mint Is Running Out of Silver Eagles. Proof silver American Eagles sell fairly easily around $40 to $50 per coin, with some dates selling for a bit more. The Best Fake Silver Eagles I’ve Ever Seen. If there are then they're fake, but, there are other non magnetic metals as well so again, this should just be part of your arsenal. If you ever see one without reeding it is most likely a fake Chinese silver coin. Shopping. Look at the edge of the coin to see if the plating is visible where the rim meets the side; also look between the reeding. The genuine silver eagle is a beautiful coin, resplendent with luster and with nice relief. Look for Specific Features. ANACS recently received a small group of fake Proof 2010-W American Eagle silver dollars for authentication and grading that I thought I would share with readers. Silver and gold are not magnetic so if you put a magnet over them they should not be attracted. If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. Weight is the quickest and easiest check you can do and if that comes out right your probably fine. CHECK OUT COINS FOR SALE IN THESE POPULAR CATEGORIES, Fake Proof silver American Eagles from China, © 2020 Amos Media Company. Re: Anyone know if there are fake gold eagles out there? There has always been a problem with fake gold coins because they're worth so much but silver coins have always been less of an issue because of the same reason. Magnitism is also another quick and dirty test but far from full proof. The energy symbol: on a fake card, the energy symbol (in the top right corner) often looks bigger, or out of proportion. Simply, know your product. However, how many collectors and silver investors actually take more than a cursory look? GAE are bimetalic with silver. Compare the lettering on the reverse of this genuine Proof 2010-W American Eagle silver dollar to that on the counterfeit. Captions Disabled Quality undefined Speed Normal. Measuring or comparing the thickness of a potential fake cannot be done if the coin is in typical Proof packaging. If the dealer bought those, the seller would then bring out some more in tubes. As early as the year 2012, bullion industry experts had begun identifying fake Silver Eagle Coins and counterfeit Gold Eagle Coins electroplated or clad in thin layers of silver and gold. If it's a dull sound, it MAY contain other metals like lead or bronze with a silver coating. Best selling author, Mike Maloney of GoldSilver.com, says the “high quality fake silver coins and small fake silver bars are being produced in high volumes in China.” We're doing our best to get the word out so fake silver and gold scam artists have a harder … The following list of coins and certificate numbers have been seen in fake PCGS holders: China (1916) Silver Dollar, Y-332, Cert #10712316 (valid) China (1923) Silver Dollar, K-677, Cert #11354470 (valid) China (1923) Silver Dollar, K-678, Cert #11285683 (valid) If it was a pure gold coin one might be more concerned. Once you take a good look at one of these fakes, they are not that difficult to detect. I know silver eagles are popular, but I wouldn't think there would be a very high demand for a PL example. There are 70 of these graded (all from 1986), so that seems like it should be reasonable. Those are just a few of the things I've learned over the last couple years..hope it helps. But with an American Siver Eagle (ASE) approaching $40 with premium it is becoming more of a problem. With worldwide physical demand for the poor man's metal surging and the US Mint about the run out of silver eagles any minute now- again, we received the following from reader Simon. San Francisco's (S) Mint Silver Dollars Before we a can tear off into why these coins exist, a little coin history is in order. And if it is reeded but there's a seam around the edge of the coin avoid purchasing it. Biggest thing, start with a reputable dealer, this helps, but this may not always be an option and you don't want to miss out on opportunity's that may present themselves. Some counterfitters, especially Chineese are fairly careless and make many different mistakes so make sure you have a picture of what your coin should look like and check it closely. In this video I show you 5 different ways to test for fake American SIlver Eagles. How to spot a fake american eagle gold coin. Covid Pandemic might not be the big one .. How long does Ivermectin horse paste last after opening? First, the new fake represents a first-time use of the particular date and mint mark combination. Images by Raymond Bruels III, courtesy of ANACS. “They were unsuspectingly purchased by … The fakes are much easier to detect once you compare one to a genuine coin, but first you have to know that there is a reason to take a closer look. How to Identify Fake U.S. Gold Eagles. If you have purchased some silver and can’t get rid of that little voice in your head that keeps saying what if they are fake silver coins …. Below are 14 ways on how to spot fake silver eagles, bars, and bullion. Dr Rich Stagliano breaks down the key steps for success, Watch the replay video on Real Estate Investing here, Daily Digest 1/7 – US Treasury to Allow Blockchains, Stablecoins for Bank Payments, Michelin scrapping 2,300 jobs, Accessibility Assistant | Accessibility Statement, Prepare for the new “Domestic Terrorism” bill, Photos/stories & MODERN Inuits have terrible overall health. Over the years, there have been special editions but the Silver Eagles are typically produced in three strikes: bullion, uncirculated, and proof. For example, there are counterfeit Silver Eagles from China that bear date marks prior to the actual coin’s introduction in 1986. Right now everyone is looking for 2018 silver eagles, and few can find them. If they’re right, perfect-grade silver coins like the MS 70 and proof 70 … Morgan Dollars are a popular investment vehicle for coin collectors these days. This fake eagle, however, is dull and grayish looking, with almost no relief. Card font: fake cards will often use different sized text, or even a completely different font. They were offered in capsules and in pages. Posted on December 20, 2016 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). Does the American Silver Eagle Have a Reeded Edge? This most basic of tests is surprisingly effective: Simply drop a (non-numismatic) silver coin that you know to be real on a table and listen for the distinctive “ping” sound — this is very difficult to fake. This was the second time the mint's silver coins had sold out in the past nine months. The Silver Eagle coins were sold out in the first week of July 2015. First, I always check every coin I buy. These fakes are made of copper, with a light silver plating to give them the proper look. Rory Hall, The Daily Coin and Gospel News Network. but where there is money trading hands, there will always be fakes, frauds, and counterfeits. The american silver eagle originated in 1986 some 80 years after those chinese fake silver eagles. Request an immediate refund if the coin you purchased turns out to be a counterfeit. Copy link. I'm doubtful people bought them just to keep it as a curiosity. FIVE WAYS TO SPOT A FAKE COIN. Might be that tiny bit of silver somehow ended up on the scratched surface? The ping test doesn’t guarantee you’ll spot every fake silver coin, but it should be the first test to which you subject any suspect coins. Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. Watch later. However, a few quick methods exist to identify one of these fakes. There are also many dealers that buy wholesale fake coins and bars from China, passing these off as legitimate and profiting from the large margins. Opening a case today. … there are some excellent investment options out there in Morgan Silver Dollars, there … If you can afford to … They have temporarily sold out of them, but expect more before the end of the year. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. I just took delivery of ten 1oz Silver Eagles from an eBay seller, and they are by far the best fakes I’ve ever seen. Please see pic of $5 eagle.. Looks real in the photo. While an unscrupulous individual will not get rich buying at $2.50 and selling at $40 (and might end up with free room and board if caught), there is certainly a profit motive. Start by buying yourself an accurate digital gram scale that measure to atleast to a tenth of a gram, hundreths is better. Counterfeit Silver Eagles – Identify Fake Copy SAEs. Under magnification, ANACS graders noticed a few tiny areas on the edge where the plating was incomplete, allowing copper to show through. Also, for whatever reason, the Chineese often make American Silver Eagles dated back as far as 1906. Buyer Beware: Fake Silver Eagles Surface Amid Rising Precious Metals Values Buyer Beware: Fake Silver Eagles Surface Amid Rising Precious Metals Values The Daily Sheeple www.TheDailySheeple.com February 12th, 2013 Reader Views: 1,865 Comment (1) An unknown number of counterfeit 2011 silver American Eagles have been introduced to the marketplace. Proof silver American Eagles sell fairly easily around $40 to $50 per coin, with some dates selling for a bit more. Compared to a genuine coin, details are different, including in Liberty’s face and the flag on the obverse but especially in the lettering on the reverse. Simply balance an ASE on your finger and tap it with another. In the years I have been buying, trading, collecting, and generally dealing in PMs and numismatics, I have encountered MANY different fakes. You can buy a digital Chineese made one for $15-$20 on eBay or their are nicer American made dial units that can run several hundred dollars. Although the methods listed above will usually enable you to rule out most fakes (especially the weight test,) sometimes close examination under a strong magnifier settles the matter. I have been buying ASE's and Canadian Silver Maple Leafs for a few years now and have learned a few things along the way and thought I might share with you in hopes you can avoid a few mistakes I have made. Knowing the American Eagle’s history can prevent you from falling for such obvious fakes. Fake U.S. silver American Eagles are becoming more and more common lately, with many of the counterfeits originating in China. I have a number of prooflike coins where they are the only ones for the series, or one of just a couple, and I haven't ever paid that high a premium. Fake silver eagles. U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. Unfortunately, if the fake is inside a plastic capsule, as Proof coins are normally packaged, you will not be able to inspect the edge. As you might imagine, our first thought was, “Why would someone go to the trouble to counterfeit such a common, reasonably low-value coin?”. Gold Coins/Bars There are quite a few gold coins, and some gold bars, that have been counterfeited. It should ring like a bell. It's not a 100% guarantee without bringing it to a lab but it's the best one can do on their own. having a date of 1906, before the silver eagles were first minted). The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. But if you plan to make substantial investments in silver coins, I recommend you take things a little further. Just like it sounds. I have found great deals in pawn shops and smaller dealers but this is where you have to be very careful and take steps to insure you don't get taken. This brings up a very important test which is performed with your eyes. Link: https://www.youtube.com/watch?v=GajK6Vrh2Rs The ping test runs the risk of inflictin… Share. The Mint ran out of 2014-dated American Eagles in November 2014. Here are links to some of the products that I use in this video! Card colour: the colour of a fake card often vary slightly from a genuine card. That's … The weight and diameter of these fakes was within tolerance for a genuine coin, which is an “improvement” over previous fakes that were often significantly underweight. The pieces we saw were all aligned with a “medal turn” where genuine examples have a “coin turn.” The details are not an exact match, with noticeable differences in Liberty’s face, gown, and the flag behind her, and especially the lettering on the reverse. In fact, the US Mint is running out of silver eagles for this year. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. The Mint said its facility in West Point, New York, continued to produce coins and it resumed sales at the end of July 2015. Chinese manufacturers produce these (and all numismatic coinage as well) in huge quantities, and find plenty of U.S. based buyers to keep their inventories moving. Look for silver plating that failed to fill into tiny spots and crevices. ... Silver, Gold American Eagles Most Counterfeited Bullion … All silver eagles have reeded edges. Second, purchase a "Vernier Caliper" to check diameter and thickness. What is the Date of the Coin? Experimental 1974-D Lincoln cent to see public display, Royal Mint unveils commemorative coins for multiple UK anniversaries in 2021, This $20 error note headed to auction is absolutely bananas, Expect Jan. 11 deliveries of 2021 American Eagle bullion coins. Issued in one ounce, half-ounce, quarter-ounce and tenth-ounce sizes, gold eagles (or more accurately American Eagle Gold Coins) are 22 karat (.916 fine) coins struck at the West Point Mint and forged from gold … Tap to unmute / • Pause Play % buffered 00:00. Says 44 sold so there's like gonna be at 44 fake ones dated 2019 to now keep your eye out for and not get stuck with out there in the hobby floathing around by Jackwagons trying to make $10.00 smh. Also, for whatever reason, the Chineese often make American Silver Eagles dated back as far as 1906. There's literally thousands of these fake silver eagles finding there way into this country every day.... and most are sold to unexpecting buyers who believe they're receiving the genuine item. Differences should be observable. Almost all are underweight, or thicker than a … A quick bit of online research provided the answer. 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. I was curious, so given the only information on the item itself I checked out each online. Some fakes also have date marks that shouldn’t be there. Sometimes even a normally reliable dealer gets taken him or herself by their source and it just gets passed along to you so here we go. Earlier this week, another dealer gave me one of these 2011 fake silver eagles. The counterfeiters accomplished this by increasing the thickness of their product. A big one to watch is reeding on the edge. BUY AND SELL COINS SAFELY AND WITH CONFIDENCE. All rights reserved, Expert suggests smart bank notes could be used as future money, Market Analysis: Wrong planchet strike easily understood error, Royal Mint design for coin under fire for wrongly depicting alien war machines, Buy & Sell Coins Online at the Coin World Marketplace. Check the date. 00:00. Next would be the "Bell Test". The Daily Coin. For example there are counterfeit silver eagles from china that bear date … I'll cover that in a later post. The Mint started production of the American Silver Eagles back in 1986 and collectors immediately loved them! “Among the cases we’re investigating is the sale of ten fake one-ounce silver American Eagles,” according to Davis. That's an easy tell since ASE were not made until 1986. Although fake coins represent a very small percentage of the overall coin market as a whole, the risk of buying fake coins online, especially on eBay, is a real danger for the unwary. There are other tests you can do with acids but they will ruin your collectable coins so I don't recommend that unless you are testing bars of silver. Not a guarantee on it's own but another quick test to be added to your arsenal. RESULTS. "Never, but NEVER sell short the idea that there ARE fake gold coins out there. Unmute Mute. A silver eagle with no reeding: If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. An online seller from China was offering the illustrated fake for $2.50 per coin (20 pieces for $50, including free shipping). When measuring the diameter it's best to measure in several spots and take the average. If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. 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