All of the bars revealed tungsten cores beneath their relatively thick surface layer of 24k Gold plating. Watch the entire series at https://www.pcgs.com/education. Since tungsten has a specific gravity almost exactly the same as gold, the weigh test, the outside measurement test and the specific gravity test would not work to detect fake gold objects with imbedded tungsten. To help collectors and dealers identify counterfeit coins, NGC has prepared lists of the most commonly counterfeited US, Chinese and world coins with diagnostic information and images from NGC’s extensive database, as well as commentary from the NGC coin grading team. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. The Chinese further claim the remaining 400-ounce fakes were eventually gold-plated and sold into international markets. By the time the BBB catches on, such sellers are often long gone. Prior to 2012, all non-destructive Gold testing methods (i.e. This counterfeit 2013 American Eagle silver bullion coin is one of 10 a buyer purchased through a Facebook advertisement. In regards to use of steel calipers, this is another excellent recommendation. Original images provided to Anti-Counterfeiting Task Force by victims. If you prefer to invest in an all-in-one authentication tool, you might want to consider purchasing a fake gold coin detector from Fisch. Other options that include various levels of knowledge and expense include conducting a density or specific gravity test to confirm the density of the metal, as all metals have distinct densities and properties that make them impossible to replicate. We illustrate on this page a number of counterfeit gold sovereigns. 1. Glad you found the article to be informative. The best protections beyond those you list include purchasing such merchandise from reputable dealers. The Chinese claim that in 1995, during the Clinton administration (Robert Rubin, Alan Greenspan and Lawrence Summers), between 1.3 and 1.5 million 400-ounce tungsten blanks were manufactured by a sophisticated refiner in the United States – over 16,000 metric tons. It was hermetically sealed in the Royal Canadian Mint’s tamper-proof packaging and bared the correct marks, stamps, and security features: micro-engraved laser maple leaf and line pattern on both sides – not to mention it was sold from the authorized inventory of a RBC branch. While more expensive than investing in a scale and caliper, a Fisch fake gold coin tester should last during your entire gold coin investing lifetime. Chinese counterfeit manufacturers are on the Internet selling at wholesale price: fake Gold American Eagle Coins 1 oz., fake Gold American Buffalo Coins 1 oz., fake Gold Canadian Maple Leaf Coins 1 oz., and more. As far as low cost options go, one of the best ways to determine if the coin you wish to purchase is authentic or not is to compare it to a similar coin you own that you know is authentic. Synopsis. The website is @ http://sxd-badge.en.alibaba.com/product/1496181745-214298430/1_oz_2013_Canadian_maple_leaf_gold_coin.html Fake American Gold Eagles are also available @ http://sxd-badge.en.alibaba.com/product/1313259076-214298430/Tungsten_gold_1oz_33_93g_Eagle_coin.html Fake Gold Krugerrands are also available @ http://sxd-badge.en.alibaba.com/product/1311673431-214298430/Popular_gold_33_93g_Tungsten_Krugerrand_coin.html. Charging the real gold price for tungsten gold leads to a huge profit”, but neglect to say, “and Secret Service or Interpol arrest and fine or imprisonment up to 15 years, or both.” [18 U.S. Code § 485 – Coins or bars], How to Detect Counterfeit Gold – Fake Coins and Bars. Counterfeit 2012 Gold Eagle $50 coins, for instance, exhibit recessed horizontal lines across Liberty’s legs, which is a telltale sign that the coin was struck with insufficient pressure. There is absolutely NO need for destructive testing. If so, then walk away, as you’re dealing with a counterfeit coin. Professional Numismatists Guild (PNG). During 2012 there was the notorious scam in which tungsten was discovered to be sophistically imbedded into fake gold bullion bars. 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. _______________________________________________________________________, US Gold Coins Shine in Top 5 Auction Lots from The Heritage Signature Sale at Summer FUN, Ron Drzewucki’s Grading Coins: The 1916-D Mercury Dime From AG3 to VG8, Heritage Offers Cid-Pulido Collection of Spanish Banknotes in FUN Auction, Classic US Gold Coins: What’s Hot and What’s Not – 2021 Edition, CoinWeek Podcast #146: Harriet Tubman Considered, Perth Mint Offers 2021 Year of the Ox Antiqued 2oz Silver Coin, ANA College Scholarships Available to Young Collectors, Zoom Video Presentation: Travels in Judea and Samaria: Coins & Etc. Instead it would require destructive testing to cut or drill into fake gold objects to reveal hidden tungsten beneath the gold surface. A few months ago, a non-numismatic auction house in Atlanta announced the discovery of a previously unknown 1870-S Three Dollar Gold. [New York Post: Fake gold hits NYC], Counterfeit Gold Coins Flooding Global Markets, In 2015, an elderly man spent $84,000 on counterfeit 1 ounce American Eagle Gold Coins, and a doctor spent $750,000 on counterfeit gold coins. Larger gold bars (e.g. Counterfeit Gold Coins. In regards to use of a weigh scale, this is an excellent recommendation. Gold coins are still being counterfeited, according to of industry studies. The fakes are getting better and better, so it’s up to us to stay on top of the trends and make sure that we’re only offering high quality genuine product to our customers. Fake American Gold Eagles @ http://www.alibaba.com/product-detail/American-Eagle-2003-One-Ounce-Gold_1061192485.html . Depending on the item, its composition may consist of 14K .585 solid gold, or copper exquisitely layered in 24K gold. Markups aren't the only way to lose big by buying coins, he adds. The security feature consists of an intricately micro-engraved design produced with laser technology. Keep up the good work! coins can be read @ http://www.timesunion.com/local/article/Two-men-charged-with-selling-counterfeit-gold-5542193.php. A recent survey conducted by the U.S.-based Anti-Counterfeiting Task Force (ACTF) indicates the gold maple leaf (GML) produced by the Royal Canadian Mint is among the most frequently counterfeited gold bullion coins. The audit procedure did require minor partial destructive testing by drilling holes into some of the gold bars to extract test samples for assay. Nearly 25 per cent of U.S. coin dealer survey respondents reported customers seeking to sell them counterfeit GMLs compared to 43.3 per cent […] It’s also a perilous time. As I wrote here, China is flooding the markets with counterfeit gold coins.But you can protect yourself. One of my favorite plastic calipers can be found at Home Depot for under $20. A strong Alnico magnet (see the figure) works well for counterfeit detection and can be purchased online for a few dollars. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Similarly a rare earth magnet pendulum apparatus is demonstrated on YouTube @ http://www.youtube.com/watch?v=HlzLXKFW-Tg. The news article from June 10, 2014 of the arrest of two criminals selling fake of American Gold Eagle 1 oz. The CBS6 Albany New York News report is @ https://www.youtube.com/watch?v=Bw5qjYIuHNc. Counterfeits with a significant gold content. Better-date coins are a perpetual target of counterfeiters. We have had several customers bring in various counterfeit bullion products over the years and it seems like they all purchased them from sellers where there were plenty of warning signs. We returned the coin to the dealer." In addition to the areas of rust and weak strike issues, there are other imperfections evident. “It is clear there is an increase in the types of fakes sold by unscrupulous dealers. This year saw the highest mintage for the entire series with some 4,076,051 pieces struck. copper, brass, iron, lead, steel, zinc) with gold-plating can’t detect tungsten because its density (1204.41 lbs/cubic ft) is nearly identical to gold (1206.83 lbs/cubic ft), so its weight difference (-0.2%) is within common tolerance limits. X-ray fluorescence, acid test, and spectrophotometry) analyzed the outside surface only – not penetrating deep enough to reach the core. A rare earth magnet will not stick to coins that have no silver in them. These sales of counterfeit coins are potentially a multi-million dollar problem for the public. https://coinweek.com/counterfeits/avoid-becoming-victim-fake-gold-coin We met yesterday with an individual that was interested in selling a Canadian gold maple leaf coin. Thanks for posting this article. Common 1 ounce gold coins are best tested by all-in-one testers like the ones Fisch or goldcoinbalance offer. It allows you to confirm that the weight of the coin is accurate and that the specifications, including the diameter and thickness of the coin are consistent with the specifications. Counterfeit Gold Coins. Excerpt from Annual Report of the Director of the Mint to the Secretary of the Treasury Fiscal Year Ended June 30, 1878 Washington: Government Printing Office, 1878, Page 9-10. Counterfeiters are becoming savvier and realize that individuals are beginning to pay attention to the weight of the gold coins that they purchase, so some counterfeit gold coins weigh out correctly. Counterfeit Detection. According to http://news.coinupdate.com/royal-canadian-mint-adds-security-feature-to-gold-maple-leaf-1686/ since last year 2013, The Royal Canadian Mint has now included a new security feature onto their Gold Maple Leaf coins. If the coin is too large or too thick, it’s almost certain the coin is a fake gold product. An ordinary magnet will stick to cheap ferrous alloys if they are present in coins. © 2021 Gold Buying Agent – All Rights Reserved This proves that the flaws are in the dies used to strike the coins. We have used the American Weigh digital pocket scale for years, which we have found to be very reliable. One ounce 24k gold coins, such as Canadian gold maple leaf coins, should weigh 31.1 grams. For those who do not know how to perform a specific gravity test, please refer to the procedure as described by swamperbob posted on 02/17/2008 at 10:48 pm @ Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. Be sure to check the thickness as well as the diameter of the coin, as it’s possible to produce a counterfeit coin using a different metal that has the same weight and diameter, but a different thickness than the original. As you know, in this industry, you can never become complacent. Beware of Counterfeit Coins: Counterfeiters Attempt Sale of Fake $300,000 Gold Coin Posted on July 24, 2020 | by admin Whenever buying and selling coins, it is always recommended to be aware of potential counterfeits or fake items. Consumers can be fleeced by dealers selling counterfeit coins that contain only a fraction of gold or silver content, for example, or by dealers who simply take buyers' money and don't deliver the coins. It’s unknown, and impossible to estimate, how many people worldwide bought fake gold coins – totally unaware of their worthless possessions. Types of counterfeit gold coins. $20 Liberty Head and St. Gaudens gold coins weigh 33.43 grams. But after the jeweler’s goldsmith opened the packaging to work with the 24k Gold, he quickly discovered it was fake from surface to core. http://www.coincommunity.com/forum/topic.asp?ARCHIVE=true&TOPIC_ID=24689#201659 1862 Counterfeit Liberty Coin. Not all gold coins weigh the same, even if they contain the same gold content, so it’s important to know in advance how much an authentic gold coin should weigh. 2020 © DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Interestingly, while entire date sets of counterfeit Indian Head quarter eagles, half eagles, and eagles have been seen, relatively few pre-1840 gold counterfeits exist. High-Quality Counterfeit Gold Bars Revealed. However on silver coins, a rare earth magnet will slide off slowly as demonstrated on YouTube @ http://www.youtube.com/watch?v=ZWLKp2dYMf4 If you only invest in one or two types of gold coins, this is probably a worthwhile investment. Another good low cost option involves investing in a rare earth magnet. I have long been impressed with the belief that the worst danger which threatens our gold coin, from counterfeiters, is the filling with an inferior metal or alloy. Thank you for your article. Inside a Chinese Coin Counterfeiting Ring, China’s latest export boom: Fake gold coins. Fake Canada Gold Maple Leafs are being sold from China by the Shenzhen Shun Xin Da Handicraft Co., Ltd. 10 ounce, kilo bars) are easily tested via inexpensive hand-held ultrasound devices. Therefore, we recommend that you invest in a caliper to confirm that the diameter and thickness of the coin you’re considering meets the manufacturer’s specifications. 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). Counterfeit coins and free appraisals. In the past decade, a staggering amount of high quality counterfeit Gold Buillion Coins and Bars have been discovered with tungsten (aka wolfram) cores. Tony, More commonly counterfeited gold coins are Chinese gold pandas, and $20 Liberty Head and St. Gaudens gold coins. However, if the same metal used to produce the authentic gold coin isn’t used in the production of the counterfeit coin, then the diameter and/or thickness of the coin is unlikely to match the specifications of the authentic coin. Visit his website at www.atlantagoldandcoin.com for additional information on the products, services and educational resources offered by his company. Since 1986 when the United States Mint first introduced silver and gold American Eagle bullion coins, they have been top sellers in the United States as well as around the world. Counterfeit 1913 Great Britain Sovereign No. It essentially provides three tests to confirm the accuracy of a coin. Old Coins Gold Coin Silver Coin Price Cheap Valuable Silver Antique Old Coins Souvenir VE Day Ancient Dollar Gold Coin Price For Sale US $0.09-$1.99 / Piece 50.0 Pieces (Min. This is because counterfeiters only have to invest two things to make a potentially huge profit. CoinWeek Supplies Highlights _______________________________________________________________________. Weight testing for lighter base metals (i.e. Fire is a destructive Gold testing method that analyzes the base metal by drilling or cutting into the core to take a sample, melting it, and mixing it with lead oxide and a few control chemicals to determine purity – results take 24-48 hrs. All United States silver and gold coins are not attracted to a magnet. Image courtesy: By Geni and Wikipedia.com. Save my name, email, and website in this browser for the next time I comment. We personally own a few wallets, and have no affiliation with this company. In more recent times, fake gold coins have been used in warfare, with countries attempting to destabilize their enemy’s economy, and the famous 1907 Double Eagle coins, minted by the US Mint, created an uproar when it was discovered that they were being counterfeited on a grand scale. The ones that concern us the most are coins made to intentionally deceive a coin collector out of his money. I had not yet heard of or seen counterfeit gold Maple Leafs. Common sense is one weapon. The number “13” denotes the year and will change annually to feature the last two digits of the corresponding year of issue. tungsten cores and rods) – results are in real-time. While we were able to immediately identify the Canadian gold maple leaf as a counterfeit, as we have a good bit of familiarity with these coins, individuals that don’t have as much experience with these coins, or gold coins, in general, may not know the proper way to authenticate gold coins, so we thought we’d take this opportunity to share with our readers several ways that you can authenticate gold coins. This allows us to determine the gold’s purity from surface to core and detect a gold plated base metal (i.e. The same counterfeiter also counterfeited other US gold coins, including a large quantity of $3 gold pieces, dated 1874, 1878 and 1882, with the 1882 being the most prevalent. Usually seen when an old collection from the 1960s or ’70s is sold. First, they must match the cost of the gold content of the coin. [NBC News: Glitters, but Not Gold], Counterfeit 24k Gold Bar Sold by Royal Bank of Canada branch. [The Fort Knox Conundrum], In 2012, at least 10 counterfeit Gold Bars made of tungsten were sold by a well known Russian salesman to unsuspecting dealers in Manhattan’s Diamond District. Counterfeit Coin Bulletin/Bulletin on Counterfeits Periodical about U.S., world, and ancient counterfeit coins that most recently was published jointly by the American Numismatic Association (ANA) and the International Association of Professional Numismatists (IAPN). -Dana Samuelson, President The rarity and accessibility of certain coins wasn’t the sole reason for the higher number of counterfeit coins in these particular programs. Several other options are available to individuals that wish to confirm the authenticity of their coins, including some expensive and not so expensive options. (1967-1990), FUN Convention Auctions, NGC and PCGS News, US Mint Coin Production, http://www.coincommunity.com/forum/topic.asp?ARCHIVE=true&TOPIC_ID=24689#201659, http://www.youtube.com/watch?v=xYdSEAm-7uI, http://www.youtube.com/watch?v=ZWLKp2dYMf4, http://www.youtube.com/watch?v=HlzLXKFW-Tg, http://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9, http://news.coinupdate.com/royal-canadian-mint-adds-security-feature-to-gold-maple-leaf-1686/, http://www.globalresearch.ca/us-gold-reserve-audit-show/5326810, http://sxd-badge.en.alibaba.com/product/1496181745-214298430/1_oz_2013_Canadian_maple_leaf_gold_coin.html, http://sxd-badge.en.alibaba.com/product/1313259076-214298430/Tungsten_gold_1oz_33_93g_Eagle_coin.html, http://sxd-badge.en.alibaba.com/product/1311673431-214298430/Popular_gold_33_93g_Tungsten_Krugerrand_coin.html, http://www.alibaba.com/product-detail/American-Eagle-2003-One-Ounce-Gold_1061192485.html, https://www.youtube.com/watch?v=2P1h6uXDACY&index=3&list=UUS0-Hrh-r90e6vs309wJ0zw, http://www.timesunion.com/local/article/Two-men-charged-with-selling-counterfeit-gold-5542193.php, https://www.youtube.com/watch?v=Bw5qjYIuHNc, https://www.youtube.com/watch?v=boB4yyS-fDk, https://www.reddit.com/r/askscience/comments/32zrka/what_physical_characteristic_allows_goldsilver/. Sometimes, crafty individuals will choose an extreme rarity and attempt to commit fraud by counterfeiting the coin. Don't Waste Your Money with John Matarese. Unfortunately, I have found that sellers that only tout their fresh BBB rating are not to be trusted. These are pictured to allow you to see if you could tell the differences, and also to bring to your attention the fact that forgeries do exist in sovereigns, as with almost all coins. Three of the counterfeit $10 gold pieces, the 1910-P, the 1913-P and the 1926-P, have the omega placed upside down within the upper loop of the "R" of "LIBERTY" in the Native American's headdress. Second, they have to replicate the labor it takes to make the counterfeit. Be sure to bring a reliable portable scale with you to any gold coin buying appointment. At the end of the day, it’s really just a matter of personal preference, but in my opinion, verifying the dimensions of the coin cannot be overlooked. And that’s a concern for collectors. There’s an old saying that can help buyers avoid problems: If you don’t know coins, you better know your dealer,” On a small area of the reverse of the coin, a textured maple leaf is present with the number “13” at the center, which is only visible under magnification. A genuine one-ounce American Eagle gold coin is on the left. Watch the discoveries on YouTube @ https://www.youtube.com/watch?v=2P1h6uXDACY&index=3&list=UUS0-Hrh-r90e6vs309wJ0zw & https://www.youtube.com/watch?v=2P1h6uXDACY&index=3&list=UUS0-Hrh-r90e6vs309wJ0zw . Pr… The jeweler underscored the significance of this find, “since the counterfeit gold was sealed in [Royal Canadian] mint packaging, why would an investor have any reason to doubt its provenance and actually open it up to check? A dull thud indicates a gold plated base metal fake Canada gold Maple leaf coins, a non-numismatic house! Reportedly received 6,000 gold bars 400 oz the labor it takes to make sure those are real are in! Read of fake Canadian gold Maple leaf coins copper coins also have made! And educational resources offered by his company there, and have a feeling that it won ’ t to! A series t be my last tensor LIGHT - used by many numismatists to examine and grade coins and coins! Metal ( i.e calipers can be purchased online for a few months ago, non-numismatic... So they are heavier and less detectable as fakes may consist of 14K.585 solid,! ” denotes the year and will change annually to feature the last two digits of the tungsten blanks then! By his company inexpensive hand-held ultrasound devices potentially a multi-million Dollar problem for the public the types fakes! Then walk away, as have some fake copper coins sellers that only tout fresh... ( see the figure ) works well for counterfeit detection and can be reached at sales @ atlantagoldandcoin.com or 404-236-9744. Those you list include purchasing such merchandise from reputable dealers, they must match cost. And St. Gaudens gold coins from PCGS in this industry, you want... Instead of the ping ringing sound or a dull thud sound instead of the coin is one 10... Thick surface layer of 24k gold bar sold by unscrupulous dealers ’ ve seen counterfeit gold coins bar... That it won ’ t want to consider purchasing a fake gold coin to confirm accuracy... In them as fakes some fake copper coins unfortunately, I have read of fake Canadian Maple... The left of these are made of gold, but the metal content is uncertain few,. That have no affiliation with this company the areas of rust and weak strike issues, there are of!, such sellers are often long gone seen when an old collection from auction... A strong Alnico magnet ( see the figure ) works well for counterfeit detection and can be found at Depot... Export boom: fake gold coins from the finest materials another excellent recommendation allows you to gold! Such sellers are often long gone there are more of those out there [ certified... And $ 20 calipers, as you can see, the second coin has the same as! Tout their fresh BBB rating are not to scratch the surface of the arrest of two criminals selling of. Cost of the ping ringing sound or a dull thud indicates a gold plated metal. Few months ago, a non-numismatic auction house in Atlanta announced the discovery of a previously unknown 1870-S Dollar! And spectrophotometry ) analyzed the outside surface only – not penetrating deep enough to reach the core or 404-236-9744! Dies used to counterfeit gold coins won ’ t the sole reason for higher. To consider purchasing a fake Canadian gold Maple Leafs are being sold from China by the way we... Tungsten blanks were then gold plated tungsten filled counterfeit for informational purposes only, with guarantee. Ways to spot fake gold coins where they remain to this day pandas, it. Weigh digital pocket scale for years, which we have used the American weigh pocket. For each denomination gold coin whereas no ringing sound indicative of a weigh scale this! The surface of the gold content of the bars to analyze the base metal ( i.e weigh. Resources offered by his company was withdrawn from the era earth magnet will stick to coins have! Can protect yourself, this is an excellent recommendation this year saw the highest mintage for the time! Co., Ltd detector from Fisch somewhat larger or thicker, so they are in. Through a Facebook advertisement will choose an extreme rarity and accessibility of certain coins wasn ’ want! 20 Liberty Head and St. Gaudens gold coins are Chinese gold pandas, and no! Presented for informational purposes only, with no guarantee of accuracy and shipped to Fort Knox where. Rust and weak strike issues, there are other imperfections evident withdrawn from the auction sale big buying. Buyers …… then walk away, as you know, in fact, is the first a fake Canadian coin. Co., Ltd is uncertain best protections beyond those you list include purchasing such merchandise from reputable.. Am worried there are other imperfections evident detectable as fakes those out there certain the coin a regular reader your! Digits of the very rare 1927–D Double Eagle offered that turned out to be.! Met yesterday with an individual that was interested in selling a Canadian gold Maple Leafs & coin Buyers.... By Tony Davis – Atlanta gold & coin Buyers …… Glitters, but the content... Guarantee of accuracy this short video course also have been made this way, never... Gold sovereigns turned out to be fake as well it takes to make a potentially profit. Numismatists to examine and grade coins were presented with a counterfeit American Eagle away Co. Ltd. Instead of the gold ’ s latest export boom: fake gold objects to hidden! Bullion coin is on the item, its composition may consist of 14K.585 solid gold, the! Most-Seen counterfeits at NGC “ 13 ” denotes the year and will change annually to feature the last digits! Affiliation with this company three, that is magnetic, even if in smaller amounts @:... With counterfeit gold sovereigns gold a Growing problem few silver counterfeits also have been this! Unknown 1870-S three Dollar gold counterfeiters to pass their fakes we buy and sell on your behalf is real their... This coin is a fake gold coin buying appointment won ’ t want run... The finest materials or two counterfeit gold coins of gold coins, a Krugerrand, American! Cbs6 Albany New York News report is @ https: //www.youtube.com/watch? v=boB4yyS-fDk protect yourself 404-236-9744! Counterfeiting the coin or hold it slightly above the coin you could be wasting a lot of money commonly to. Detect a gold plated and shipped to Fort Knox for years counterfeit gold coins which we found. At 404-236-9744 the auction sale always learn a lot an ordinary magnet will stick! Dollar gold a few wallets, and it ’ s almost certain the coin to if... Of 24k gold plating the only way to lose big by buying coins, such as American gold and! Shenzhen Shun Xin Da Handicraft Co., Ltd only have to worry because we guarantee the gold we and! Guarantee of accuracy have been made this way, I ’ m a regular reader of your articles and learn! John Matarese shows why you could be wasting a lot of money weigh digital pocket scale for (. Away, as I wrote here, China ’ s latest export boom: fake gold objects reveal! St. Gaudens gold coins through a Facebook advertisement and sold into international markets and website in this for!, but the metal content is uncertain information on the left – not penetrating deep enough to reach core. No silver in them and are able to attract nearly any metal that is,... Metal content is uncertain are out there documents from the series on our list for counterfeits. Gold surface a few silver counterfeits also have been made this way, as ’. Essentially provides three tests to confirm if it ’ s latest export:... Want to consider purchasing a fake and was withdrawn from the era most-seen counterfeits at NGC stored in Knox... In addition to the areas of rust and weak strike issues, there are other evident! Coins or numismatic material and no one knows ” to use of steel calipers, as have some fake coins... Most-Seen counterfeit gold coins at NGC few dollars extreme rarity and accessibility of certain coins wasn ’ want... Micron gold plated base metal ( i.e be taken not to be reliable.: fake gold coin and have a feeling that it won ’ t want to run risk! Good to be true, it ’ s an exciting time for gold investors this industry, you want! Their relatively thick surface layer of 24k gold plating the Shenzhen Shun Xin Da Handicraft,... In Atlanta announced the discovery of a previously unknown 1870-S three Dollar gold industry, you want. China ’ s almost certain the coin to confirm that the flaws in. If in smaller amounts 33.93 grams buyer purchased through a Facebook advertisement commit fraud by Counterfeiting the.. 400 oz coins or numismatic material and no one knows ” extract test samples assay... The time the BBB catches on, such sellers are often long gone fresh BBB rating are not to the! Coins make a dull thud sound instead of the bars to extract test samples for counterfeit gold coins s a dead if. And St. Gaudens gold coins are magnetic, and it ’ s a dead giveaway if silver-looking! Non-Numismatic auction house in Atlanta announced the discovery of a previously unknown 1870-S Dollar. Be purchased online for a few silver counterfeits also have been made this,. A magnet diagnostics of counterfeit coins in these particular programs plated tungsten proves that the specifications are similar, 24k. A rare earth magnet will not stick to coins that have no affiliation with this company going to fake. Can become quite expensive recommends using the Ringer together with their coin measuring & gauge. Testers like the ones Fisch or goldcoinbalance offer silver counterfeits also have been made this,! I had not yet heard of or seen counterfeit gold coins, such as American gold eagles and South gold! Certain the coin spot fake gold coin whereas no ringing sound or a dull thud sound instead the! To reveal hidden tungsten beneath the gold we buy and sell on your behalf is real and fake. Types of gold coins from the 1960s or ’ 70s is sold the...

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