THE COINS ARE COUNTERFEIT! The 1889-CC Morgan dollar is the second silver dollar to make this list. For more complex and accurate testing, certain chemicals can be used to clearly determine the purity of silver of an item. Fair production quality despite poorly reeded edge, with rust spots due to ferrous material. Another type of fake is a contemporary counterfeit. A base metal coin will sound like a “thud” or a “clunk” when struck with the other coin. 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. These freshly made fake Chinese ancient coins are made by the same counterfeiting operation that makes the silver dollars, crowns, and other fake silver and copper coinage depicted in this gallery. 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. Slide the coin in the device slot. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. But coin counterfeiting is an issue that any savvy collector needs to face. Spotting fake silver is a great skill to have, especially if you are a coin dealer. 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. Free postage. Due to its value, this coin is an attractive target for counterfeiters. If you are shopping a brick-and-mortar location or receive an American Silver Eagle coin without a reeded edge, this should be your first sign that the coin is a fake. One small droplet of bleach will tell you immediately if you have a real or fake product. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. £11.99. No matter what your reason is to invest in silver, you can be sure to find it here with us at silver-to-go. NGC graders look for these repeating depressions as well as overall … 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! 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. 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. In any economy with any product, once a particular item reaches maximum popularity and demand, there are bound to be knockoffs. Investment grade silver products are Fine silver. All United States silver and gold coins are not attracted to a magnet. 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. The coins were shipped from China to California to New Jersey to my office. 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. In 1920, most British silver coins, the halfcrown, florin, and shilling, were debased to .500 fine, that is 50% silver, and 50% copper. The dull clink sound of a fake coin is also a usual giveaway. 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. You would think an english company would have ethics. Previous counterfeit Morgan Silver Dollars have been identified with improper weights. Rim & Edge: The United States Mint uses the latest technology to strike American Silver Eagle coins, and follows very specific dimensions for all facets of the coin’s design. 186 sold. If your buying coins, buy graded ones, and then check their number with the grading company as well. One way to make a profit by counterfeiting coins is to replace precious silver with inexpensive copper, while maintaining the appearance of good silver. 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. The die on the right is the reverse of a British silver crown dated 1899. See Our Silver Coins Priced Under $100! The Jiang Nan province (江南) was an early adopter and issued its first complete set of silver coins in 1897. Font issues: There are many font issues you’ll find highlighted by SilverCoins.com, but the date mark is one quick place to check. All Morgan Silver Dollar coins were originally struck by the United States Mint with .900 silver content and .10 copper. The American Silver Eagle is no exception to this fundamental of economics. The goal of counterfeiters is to create a high volume of fakes and make money on the sales as quickly as possible. Look at the date: 1906. If the device tilts, this means the coin is fake silver. There are only a few 1804 coins because during the year 1804, the U.S. did not actually mint any silver 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. One relatively easy and fun way to test your silver bars and coins is to place a cube of ice on them. Spotting fake silver is a great skill to have, especially if you are a coin dealer. By super-fake, we mean a coin that is a deceptive counterfeit that could potentially fool professionals and advanced collectors. Only 1 left. What these claims have in common is that they usually disclaim responsibility for the authenticity or grade of the coin. Test Method #1: Silver Melts Ice. Notice the high quality of these dies for making fake silver crown-sized coins. 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! I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. £2.00. Edge is of poor quality, Poorly reeded edge and poor details with heavily worn lettering and missing border teeth, Worn border teeth with heavily worn lettering. Although the British Crown, if genuine, would sell for a few hundred dollars, the Greek coin made by these dies would cost thousands. The bleach test is recommended by some as a way to spot fake silver coins. Place one on top of the silver item and the ice cube on a regular pan. Chemical Ways of Testing Silver. 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. If your buying for silver or gold then do a few sample tests when you get them. The result of this effort is a variety of flaws that you can catch with a keen eye. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. It is important to know that there are no fake silver bars, coins, or other products that can fake industry-standard silver alloys. S portrait the issue of counterfeit coins should n't deter you from coin collecting some. Would think an english company would have ethics a cube of ice them... 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