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theo
Penny Hoarding Member
USA
588 Posts |
 Posted - 02/10/2009 : 19:53:48
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Coinhunter talked about weighing coins to confirm their authenticity in another thread.
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So how much of an issue is this? I know certain people would like to fake gold coins, but their look, feel and especially weight would be difficult to mimic. I had always assumed that, due to their comparatively low value, it be would unprofitable the fake silver coins. Has anybody been sold fake gold or silver coins?
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"Hobbies? I got no hobbies! Everything I do; I do for real." The Gold Coast |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/10/2009 : 19:58:06
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Mainly numismatic coins are faked. For instance Trade dollars are often faked and so are rare date morgan silver dollars. But some bullion coins are also faked.
Bullion coins to avoid are CHINESE PANADAS Theres TONS of fakes of these out there, both in silver and gold! There are also a few Krugerand fakes out there!
NEVER buy from another country (except maybe Candada??) on ebay! Thats where most of the fake coins are. Also if someone is telling you a coin is worth XXXX amount of money but only wants XX for it, you can most likely assume its a fake.
When in doubt get it verified! Investing in a small scale is a very wise thing to do if you are worried about such things |
Copper Penny Investing
www.portlandmint.com |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 02/10/2009 : 20:16:30
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I have real gold pandas, and fake silver ones.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 02/10/2009 : 20:25:07
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Thanks!
I have a 1/10 oz Panda as well. Would simply weighing it confirm authenticity, or would I have to do something else? |
"Hobbies? I got no hobbies! Everything I do; I do for real." The Gold Coast |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/10/2009 : 22:38:41
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| There was an article in Coin World I believe at the end of last year about a big time seller from China selling fakes. His stuff looks good and he even takes the time to "age" the coins by various methods to make them look more authentic. It's legal in China and those are making their way over here. In the article, they said the weights are even getting somewhat close to specs. It's getting scary out there...better off sticking with junk silver I guess. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 02/11/2009 : 06:05:53
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When all else fails, out come the tin snips....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 02/11/2009 : 12:00:12
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gold is very dense so its difficult but not impossible to fake the weight for a given volume.
there have long been rumors that the russian mafia used depleted uranium to fake krugerands in the late 80s early 90s. don't know if these are true.
tungsten has a very similar weight and could be used but it has a very high melting point theoretically you could pulverize it and mix it with gold. it would not technically make an alloy but a suspension. tungsten at $30/oz would replace more expensive gold. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Fake Coins
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