You should first begin by having an authentic coin at the ready, as this will make it much easier to determine any discrepancies between the coin you are assessing and one that is known to be authentic. Striking or dropping a real silver coin on a hard surface will produce a characteristic ping. Counterfeit, —fake coins—have been in circulation throughout the Americas. Note that this test won't tell you the difference in purity of a silver coin. 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. You can learn more about how to spot counterfeit silver or gold coins by following the link. Well, I didn't know that real coins should not be attracted to a magnet. The two devices you’ll need to make these measures are a digital scale and a pair of calipers. Tags: avoid fake, counterfeit, fake coins, how to spot fake fake coins. Carefully under high magnification Compare your coin with the coin displayed on the website. This example is illustrative because both gold and silver are diamagnetic metals—metals that are repelled by large magnetic fields. In the case of rare, antique and valuable coins, the worth of these coins has been widely collected and studied within the. (360) 852-0643, Monday – Friday 10am – 5pm I have 3 coins wich a think are 1796 draped bust bollars,don't now if they are real or fake. The coins looked real, so I took the plunge and coughed up $7 for the lot. Below, we’re going to explore some of the basic types of counterfeit U.S. coins you’ll find strewn throughout the market, and what tests you can implement to catch one along the way. If you have evidence, such as a fake coin you have bought from this individual, you need to go to the Police or a governmental consumer protection agency and lay the evidence before them. When purchasing coins, you want to ensure that you are purchasing them through sellers who have a notable reputation within the field of selling bullion, numismatic coins and more. Before we begin talking about some basic techniques to catching fake coins, it’s worthwhile to consider the three most popular methods in which counterfeit coins are produced. Fake coins are produced as a means of deceit, to trick people, buyers and businesses that the coins are legitimate. Your email address will not be published. Subscribe to our newsletter to receive exclusive discounts and industry news. First let me tell how I got them. I am fairly confident that most or all are genuine--the wear is consistent with a well-circulated cash coin. If you happen to find any incongruities, it is likely that you are handling a fake coin. This is a simple slide that can be created at home by using a few magnets that are coupled together at an angle, much like the appearance of a slide. Neodymium magnets are one of the best magnets you can use to test for trace metals such as iron or steel, and even copper, which only reacts with very strong magnetic fields. Fortunately there are a few simple tests to find out. From the internet on a popular coin forum, two different examples were posted separately for review and discussion; the main concern of both OPs was authenticity. No matter the method applied to creating the coin mold, these types of counterfeit coins will all be cast the same way, using a coining press to strike the coins. Subscribe to our blog and youโ€™ll be the first to know about rare coins, gold & silver news, bullion investing, treasure discoveries, and upcoming shows. The second option to test for magnetivity is to utilize a magnetic slide. A small pair of digital calipers is one of the best ways to measure the diameter and thickness of your coin due to their accuracy and precision. Struck coins usual make for some of the most unrecognizable counterfeit coins, as the process through which they are produced is quite similar to how mint manufacturers produce their own coins. An authentic 1776 Continental Currency Coin can be worth thousands. While a simple magnet can work to test this method, use a magnet that is considered high-powered, as you’ll want to ensure that you pick up on any types of trace metals that might be contained within. Once you've heard the sound a silver coin makes, you can recognize it easily. All they can say is that it "doesn't look right." Simply weigh and measure your piece. This type of counterfeit coin is made by placing a planchet–a flat, round metal disc from which a coin is made–between two coin dies. Usually, fake gold coins are somewhat larger or thicker, so … This is one of the most surefire ways to test for counterfeit U.S. coins, as the U.S. Mint has specific dimensions set for their coins, including: metallic content, weight, diameter, thickness and year of minting. When purchasing coins, you want to ensure that you are purchasing them through sellers who have a notable reputation within the field of selling bullion. Sounds strange, right? Your email address will not be published. © 2021 Liberty Coin & Currency "Liberty Coinโ€ and "Liberty Coin & Currency" are trademarks of Liberty Coin, LLC (Signal Hill, California), and are used under license. Saturday 10am – 3pm, 11040 NE Weidler St. Ditto with the many other small variations. The methods you’ll most easily be able to measure at home are the coin’s weight, diameter and thickness (of which the year of minting will be a visual test). For instance, here is a photograph of both the obverse and reverse sides of a very, very obvious fake that was created to look like a denarius of … When shopping for a digital scale, you’ll want to find one that can measure to at least one one-hundredth of a gram (0.01), as you’ll want to ensure that your measurement is as accurate as you can be without requiring high-end scientific equipment. Vancouver, WA 98662 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. Liberty Coin & Currency specializes in rare coins and currency. B… , the ability which a metal has to conduct heat. Perhaps it would be good to define some terms at this point. Can you tell if your silver is real or plated (fake)? If you place an ice cube on your new โ€œauthenticโ€ silver coin and it does not immediately begin the melting process, odds are you have a fake on your hands. Portland, OR 97220 So, having seen the outrageous prices that some (often fake) coins bring, they want to get a piece of the action. Fundametnally, you can not tell a real from a fake based on the details of the pattern. With just a magnetic slide and a stopwatch, you can test this method at home and see if you have a fake coin! Additionally, many coins have intricate designs or textures that are associated with that particular coin and its series. and more. Don't Fall for Stories and Always Get a Guarantee. So, when brought into contact with a number of magnets, these metals will undergo a repellant force. Typically they are too high or much too low. It seems to be a silver coin. REAL, COMMEMORATIVE, GENERIC or FAKE COINS . When you’re considering the purchase of a gold coin, find the registration number (if the coin is certified or graded). Therefore, if a magnet is cozying up to the newest addition in your coin collection, its more than likely a fraud. I learned something new today. In a situation such as this, be sure to do as much research as possible about the common marks and designs that are consistent with the piece you are considering buying. Counterfeit coins come in a variety of different forms, most of which are created either to (1) recreate a precious coin that is normally minted by a country or region or (2) modifying a regular coin to make it look more expensive—to harbor more numismatic value—than it actually is. . For those of you buying coins either for their historical, numismatic value or for their value in precious metal, you should know the basics of how to catch a counterfeit before being duped. Coin designs are counterfeit and are illegal to own. With just a magnetic slide and a stopwatch, you can test this method at home and see if you have a fake coin! This area of study tracks the historical production of coins and both their cultural significance and impact. 5 Must Have Books For All Coin Collectors. 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