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DesertTumbleweed402
Penny Pincher Member
USA
196 Posts |
 Posted - 05/05/2009 : 21:35:01
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http://www.silver-coins.org/ Stumbled across this interesting website about how to spot fakes when it comes to silver coins.
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I enjoy taking long walks off short piers. |
Edited by - Nickelless on 05/06/2009 00:47:58 |
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Nickelless
Moderator
USA
4392 Posts |
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Nickelless
Moderator
USA
4392 Posts |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 07/18/2009 : 01:17:17
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Ebay pulls phony Canadian coins
http://cnews.canoe.ca/CNEWS/Canada/2009/07/16/10151296-sun.html?cid=rssnewscanada |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
Edited by - Silver Surfer on 07/18/2009 01:18:20 |
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cyberdan
Penny Collector Member
USA
272 Posts |
 Posted - 08/21/2009 : 10:32:22
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quote:
Originally posted by Nickelless
Here's a link that suggests using a magnet to spot fake silver:
I spot many fake dollar coins at flea markets. The first giveaway is the rim. Feels sharp or rough and with a magnifying glass the ridges look uneven.
I was at one flea market and immediatly spotted some fake Morgans and asked the guy how much he wanted. His price was way too high even for real ones. I said "that much for counterfits?" got him all angry and on the defensive. I said look at the rims and walked away. About three "stores" down I look back at him and he was looking at all his coin's rims. I felt sorry for him because I could tell he really thought they were legit till I broke the bad news. |
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rockdude
New Member
USA
21 Posts |
Posted - 10/22/2009 : 23:22:40
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quote:
Originally posted by cyberdan
quote:
Originally posted by Nickelless
Here's a link that suggests using a magnet to spot fake silver:
I spot many fake dollar coins at flea markets. The first giveaway is the rim. Feels sharp or rough and with a magnifying glass the ridges look uneven.
I was at one flea market and immediatly spotted some fake Morgans and asked the guy how much he wanted. His price was way too high even for real ones. I said "that much for counterfits?" got him all angry and on the defensive. I said look at the rims and walked away. About three "stores" down I look back at him and he was looking at all his coin's rims. I felt sorry for him because I could tell he really thought they were legit till I broke the bad news.
Sadly there are many dealers who find it hard to ID counterfeits. |
An artist is somebody who produces things that people don't need to have.
Andy Warhol
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beauanderos
Penny Collector Member
USA
388 Posts |
Posted - 10/29/2009 : 22:09:49
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| Which means that the dealer will be offering them for sale to unwary buyers who are trusting of the dealer's integrity. Caveat emptor. I looked at the website DT402 linked and if you're buying silver dollars in bulk as I sometimes do it would be easy for these to sneak through. Who has the time to individually examine 500 silver dollars? I almost don't want to go look thru my bags. |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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ronin
New Member
USA
14 Posts |
Posted - 11/06/2009 : 10:35:00
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About two months ago I purchased 150 "silver" coins from a seller on eBay, about half and half 1959 5 peso coins and 1968 25 peso Olympics. Every single one of them was a fake, the weights were off by 6 grams per coin, the edges were all reeded, and several of the coins showed bubble marks from casting. When confronted, the seller immediately refunded my money, but continued to offer them for sale, and had another 300 coins worth of sales close before I was able to get him shut down. I presented one of the coins to the CEO of eBay over dinner as an example of trust and security eBay style, and seller is now off eBay for good.
Interesting side note... I tried to report him to the Secret Service, thinking somebody who was doing $2-3,000 in counterfeit coins per week might be of some interest to them, and was told that they don't have the time or the interest in dealing with counterfeit coins, and that "most of the reports they get are just disgruntled collectors trying to rip each other off." Nice to know the Keystones are looking out for the integrity of our money supply! |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
1594 Posts |
Posted - 11/06/2009 : 10:46:49
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| I'd bet they'd care if their Precious FRN's where being counterfeited. |
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mickeyman
Penny Pincher Member
Canada
217 Posts |
Posted - 11/11/2009 : 10:42:23
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There is word from China of a company offering to make gold-plated tungsten rounds in 1 oz, 1/2 oz, and other sizes. They claim to be able to put any design on it you like. Given this annoying possibility, it seems to me that a Ryedale or similar device should be able to distinguish between the two. Might it become a needed tool for coin dealers? I was talking to a local one yesterday about this.
I don't really know how the Ryedale works but assume it has to do with the electromechanical response to a varying magnetic field. All metals should respond differently. Gold (and silver, and copper) has a very strong response to a rapidly changing magnetic field because of induced currents.
I remember seeing a really interesting demo of this effect. A company was demonstrating rare earth magnets, and they had these enormous copper ingots. Copper is non magnetic right? So try to pull the magnet away as quickly as you can. There is fierce resistance. But if you take the magnet away slowly, there is no resistance. Similarly, in dropping the magnet over the bar, it nearly stops and hovers over the bar before landing gently on it. |
Not all who wander are lost. |
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mickeyman
Penny Pincher Member
Canada
217 Posts |
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Is your coin fake or not?
