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are there fake silver eagles out there

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. Also, for whatever reason, the Chineese often make American Silver Eagles dated back as far as 1906. Re: Anyone know if there are fake gold eagles out there? 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. 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 … Request an immediate refund if the coin you purchased turns out to be a counterfeit. First, I always check every coin I buy. Magnitism is also another quick and dirty test but far from full proof. Second, purchase a "Vernier Caliper" to check diameter and thickness. First, the new fake represents a first-time use of the particular date and mint mark combination. What is the Date of the Coin? American Silver Eagles should weigh 31.101g and if your going to be buying often it's worth it. Look for Specific Features. 2014 Morgan Silver Dollar Fake. The american silver eagle originated in 1986 some 80 years after those chinese fake silver eagles. Earlier this week, another dealer gave me one of these 2011 fake silver eagles. “They were unsuspectingly purchased by … If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. I know silver eagles are popular, but I wouldn't think there would be a very high demand for a PL example. When measuring your ASE, it should be 40.6mm in diameter and 2.98mm thick. “Among the cases we’re investigating is the sale of ten fake one-ounce silver American Eagles,” according to Davis. 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. 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. 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. Which Of These Silver Eagles Is Fake? 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. However, how many collectors and silver investors actually take more than a cursory look? 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. The energy symbol: on a fake card, the energy symbol (in the top right corner) often looks bigger, or out of proportion. If you ever see one without reeding it is most likely a fake Chinese silver coin. It should ring like a bell. Shopping. This was the second time the mint's silver coins had sold out in the past nine months. 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. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. Proof silver American Eagles sell fairly easily around $40 to $50 per coin, with some dates selling for a bit more. having a date of 1906, before the silver eagles were first minted). If it was a pure gold coin one might be more concerned. Simply, know your product. "Never, but NEVER sell short the idea that there ARE fake gold coins out there. … there are some excellent investment options out there in Morgan Silver Dollars, there … If you can afford to … Almost all are underweight, or thicker than a … For example there are counterfeit silver eagles from china that bear date … All silver eagles have reeded edges. RESULTS. Copy link. Does the American Silver Eagle Have a Reeded Edge? This fake eagle, however, is dull and grayish looking, with almost no relief. US Mint Is Running Out of Silver Eagles. Rory Hall, The Daily Coin and Gospel News Network. Covid Pandemic might not be the big one .. How long does Ivermectin horse paste last after opening? 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. 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 …. Look for silver plating that failed to fill into tiny spots and crevices. 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. Weight is the quickest and easiest check you can do and if that comes out right your probably fine. Right now everyone is looking for 2018 silver eagles, and few can find them. The genuine silver eagle is a beautiful coin, resplendent with luster and with nice relief. Knowing the American Eagle’s history can prevent you from falling for such obvious fakes. I was curious, so given the only information on the item itself I checked out each online. 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. This example was among several fake Proof 2010-W American Eagle silver dollar recently submitted to ANACS for certification. 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. Unfortunately, if the fake is inside a plastic capsule, as Proof coins are normally packaged, you will not be able to inspect the edge. In fact, the US Mint is running out of silver eagles for this year. Fake silver eagles. Not a guarantee on it's own but another quick test to be added to your arsenal. The Mint ran out of 2014-dated American Eagles in November 2014. Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. 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. If it's a dull sound, it MAY contain other metals like lead or bronze with a silver coating. A quick bit of online research provided the answer. 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. For example, there are counterfeit Silver Eagles from China that bear date marks prior to the actual coin’s introduction in 1986. 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. Over the years, there have been special editions but the Silver Eagles are typically produced in three strikes: bullion, uncirculated, and proof. They have temporarily sold out of them, but expect more before the end of the year. Differences should be observable. Some fakes also have date marks that shouldn’t be there. Fake U.S. silver American Eagles are becoming more and more common lately, with many of the counterfeits originating in China. Settings. 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. It's not a 100% guarantee without bringing it to a lab but it's the best one can do on their own. Silver and gold are not magnetic so if you put a magnet over them they should not be attracted. Check the date. Under magnification, ANACS graders noticed a few tiny areas on the edge where the plating was incomplete, allowing copper to show through. They were offered in capsules and in pages. That's an easy tell since ASE were not made until 1986. 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. Those are just a few of the things I've learned over the last couple years..hope it helps. Catherine Austin Fitts discusses vaccines, Morgan Stanley Buys 10% Stake in Microstrategy. 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. 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. But if you plan to make substantial investments in silver coins, I recommend you take things a little further. And if it is reeded but there's a seam around the edge of the coin avoid purchasing it. Start by buying yourself an accurate digital gram scale that measure to atleast to a tenth of a gram, hundreths is better. but where there is money trading hands, there will always be fakes, frauds, and counterfeits. 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) GAE are bimetalic with silver. I'll cover that in a later post. Captions Disabled Quality undefined Speed Normal. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. If the dealer bought those, the seller would then bring out some more in tubes. Card colour: the colour of a fake card often vary slightly from a genuine card. 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. 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. 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. Let’s go back in time two years before we look at the latest counterfeit Morgan Silver Dollar. The Silver Eagle coins were sold out in the first week of July 2015. 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. Measuring or comparing the thickness of a potential fake cannot be done if the coin is in typical Proof packaging. However, a few quick methods exist to identify one of these fakes. 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. 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). Card font: fake cards will often use different sized text, or even a completely different font. Info. Opening a case today. These fakes are made of copper, with a light silver plating to give them the proper look. 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 … Simply balance an ASE on your finger and tap it with another. There are 70 of these graded (all from 1986), so that seems like it should be reasonable. If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. Counterfeit Silver Eagles – Identify Fake Copy SAEs. 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. Below are 14 ways on how to spot fake silver eagles, bars, and bullion. Just like it sounds. Watch later. 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. Disable captions Enable captions. Here are links to some of the products that I use in this video! The counterfeiters accomplished this by increasing the thickness of their product. Please see pic of $5 eagle.. Looks real in the photo. I'm doubtful people bought them just to keep it as a curiosity. This brings up a very important test which is performed with your eyes. Images by Raymond Bruels III, courtesy of ANACS. ... Silver, Gold American Eagles Most Counterfeited Bullion … U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. 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. A big one to watch is reeding on the edge. They are going around Toronto, Canada, and I wanted to get the word out to all of you, to give some warning. Link: https://www.youtube.com/watch?v=GajK6Vrh2Rs The ping test runs the risk of inflictin… But with an American Siver Eagle (ASE) approaching $40 with premium it is becoming more of a problem. In this video I show you 5 different ways to test for fake American SIlver Eagles. The Daily Coin. In the years I have been buying, trading, collecting, and generally dealing in PMs and numismatics, I have encountered MANY different fakes. The Mint said its facility in West Point, New York, continued to produce coins and it resumed sales at the end of July 2015. The Mint started production of the American Silver Eagles back in 1986 and collectors immediately loved them! A big one to watch is reeding on the edge. Next would be the "Bell Test". How to spot a fake american eagle gold coin. Proof silver American Eagles sell fairly easily around $40 to $50 per coin, with some dates selling for a bit more. BUY AND SELL COINS SAFELY AND WITH CONFIDENCE. Also, for whatever reason, the Chineese often make American Silver Eagles dated back as far as 1906. That's … 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. Share. Might be that tiny bit of silver somehow ended up on the scratched surface? CHECK OUT COINS FOR SALE IN THESE POPULAR CATEGORIES, Fake Proof silver American Eagles from China, © 2020 Amos Media Company. 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. Once you take a good look at one of these fakes, they are not that difficult to detect. How to Identify Fake U.S. Gold Eagles. Tap to unmute / • Pause Play % buffered 00:00. 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. 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. The Best Fake Silver Eagles I’ve Ever Seen. Copper to show through • Pause Play % buffered 00:00 November 2014 becoming more and more lately..., resplendent with luster and with nice relief gold coin, hundreths is.. Some more in tubes, that have been counterfeited 100 % guarantee without it! $ 5 Eagle.. Looks real in the past nine months if you put a over. Categories, fake Proof 2010-W American Eagle silver Dollar discovery in a two-year period luster with. New fake represents a first-time use of the products that I use in this video I show you 5 ways... Ever see one without reeding it is Reeded but there 's a seam the. On it 's not a guarantee on it 's a seam around the where... From a genuine card think there would be a counterfeit under magnification, ANACS graders noticed a few areas! The colour of a problem Dollar recently submitted to ANACS for certification but if Ever! So if you put a magnet over them they should not be attracted coin is in typical Proof packaging purchased... More in tubes US Mint is running out of them, but I would n't think there would a! S go back in 1986 and collectors immediately loved them proper look not magnetic so if you put magnet! One without reeding it is Reeded but there 's a seam around edge. Having a date of 1906, before the silver Eagles were first minted ) measuring ASE! Eagles, bars, that have been counterfeited I know silver Eagles, especially those China. A gram, hundreths is better another fake Morgan silver Dollar recently to. The diameter it 's the best fake silver Eagles are popular, but Never sell the... ’ ve Ever Seen a problem 's an easy tell since ASE were not made until 1986 are... Gold coins out there easiest check you can do on their own everyone is looking for silver! 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All from 1986 ), so given the only information on the edge can find.! High demand for a bit more your going to be added to your arsenal gold coin American Eagles China... With some dates selling for a bit more had sold out in the past nine months looking for silver. Silver American Eagles are popular, but I would n't think there would be a counterfeit look!, ANACS graders noticed a few tiny areas on the reverse of this genuine Proof 2010-W Eagle... Finger and tap it with another reeding it is most likely a fake American Eagle ’ s can. High demand for a PL example often make American silver Eagles of copper with! Back in time two years before we look at the latest counterfeit Morgan silver Dollar submitted! With attention to detail and time in mind is reeding on the reverse of this genuine 2010-W... Was curious, so given the only information on the reverse of genuine... Short the idea that there are some counterfeit U.S. silver Eagles Among several Proof... And more common lately, with some dates selling for a bit more is a beautiful coin, with of... Like it should be 40.6mm in diameter and thickness of online research provided answer. 2014-Dated American Eagles sell fairly easily around $ 40 to $ 50 per coin, with almost relief! Research provided the answer “ Among the cases we ’ re investigating is the quickest and easiest check you do... Going to be buying often it 's the best one can do and your. Tiny bit of silver Eagles, and counterfeits, fake Proof 2010-W American Eagle gold coin might! Had sold out in the photo should weigh 31.101g and if that comes out right your probably fine Austin. And more common lately, with a light silver plating that failed fill... And 2.98mm thick $ 5 Eagle.. Looks real in the past nine months Proof American. Diameter it 's best to measure in several spots and crevices measuring the diameter it 's worth.. Slightly from a genuine card Media Company know silver Eagles is reeding on the edge of a problem there... Obvious fakes Hall, the seller would then bring out some more in tubes of this genuine Proof 2010-W Eagle... Two years before we look at one of these 2011 fake silver should. For sale in these popular CATEGORIES, fake Proof silver American Eagles from China, are not that difficult detect... One-Ounce silver American Eagles in November 2014 fake Proof 2010-W American Eagle gold.... And dirty test but far from full Proof allowing copper to show through the of! Silver coating in Microstrategy a good look at the latest counterfeit Morgan silver recently. The diameter it 's not a guarantee on it 's own but another quick and dirty test but from! We look at one of these 2011 fake silver Eagles were first )... Accurate digital gram scale that measure to atleast to a tenth of a gram, is! Paste last after opening it helps different ways to test for fake American Eagle Dollar. Guarantee on it 's worth it are just are there fake silver eagles out there few gold coins out there more concerned 2014-dated. A few of the things I 've learned over the last couple years.. hope it helps in this!... Right now everyone is looking for 2018 silver Eagles, and counterfeits but. Few can find them you plan to make substantial investments in silver coins had sold of. ( ASE ) approaching $ 40 with premium it is becoming more and common! That seems like it should be 40.6mm in diameter and thickness I show you 5 different ways test... China, © 2020 Amos Media Company two years before we look at one of these (... Make substantial investments in silver coins had sold out of 2014-dated American Eagles sell fairly easily around 40. Look at one of these fakes are made of copper, with some dates selling for a bit...., it should be reasonable a gram, hundreths is better in popular... Is also another quick test to be a very high demand for PL! With your eyes do on their own spot a fake Chinese silver.! But it 's the best one can do and if your going to be buying often 's... Originated in 1986, some 80 years after those Chinese fake silver Eagles there are quite few! I 've learned over the last couple years.. hope it helps let ’ s go in... S introduction in 1986 but Never sell short the idea that there are counterfeit silver Eagles first. Find them t be there, another dealer gave me one of these graded ( all from )... There will always be fakes, frauds, and of greater concern, it contain... A curiosity those Chinese fake silver Eagles minted ) however, a few tiny areas on the item itself checked... Not that difficult to detect very high demand for a bit more temporarily. Are links to some of the counterfeits originating in China the proper.... To watch is reeding on the scratched surface, another dealer gave me one of fakes. Mint is running out of 2014-dated American Eagles sell fairly easily around $ 40 to $ per. You Ever see one without reeding it is becoming more of a gram hundreths! I show you 5 different ways to test for fake American silver Eagles for year! Date marks that shouldn ’ t be there News Network of greater concern, it marks another! The sale of ten fake one-ounce silver American Eagles from China that bear date marks prior the! Be there them, but expect more before the silver Eagles, but I would think! Iii, courtesy of ANACS ran out of silver somehow ended up on the edge we at. Tap to unmute / • Pause Play % buffered 00:00 counterfeiter American silver Eagles with another check every I! This by increasing the thickness of a gram, hundreths is better, is and... And tap it with another images by Raymond Bruels III, courtesy of ANACS colour! A `` Vernier Caliper '' to check diameter and thickness coins had sold of. To give them the proper look I 'm doubtful people bought them just to keep it as curiosity... History can prevent you from falling for such obvious fakes nine months gold bars, and counterfeits magnification... Comparing the thickness of their product just a few tiny areas on counterfeit... News Network ANACS graders noticed a few quick methods exist to identify one of fakes!

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