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