“It is clear there is an increase in the types of fakes sold by unscrupulous dealers. […] How to Avoid Becoming the Victim of а Fake Gold Coin CoinWeek, on Fri, 10 Jan 2014 05:30:00 -0800 […], […] is some advice on how to avoid becoming the victim of a fake gold […], Thank you very much for your informative article. The high mintage means that this coin is often not inspected closely, making it easier for counterfeiters to pass their fakes. 1862 Counterfeit Liberty Coin. 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. We produce all our replica gold coins from the finest materials. Counterfeit 1 oz. However, at a price tag likely in excess of $1,000, your money is probably better spent elsewhere. It’s also a perilous time. CoinWeek Supplies Highlights _______________________________________________________________________. The CBS6 Albany New York News report is @ https://www.youtube.com/watch?v=Bw5qjYIuHNc. [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 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. 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. The security feature consists of an intricately micro-engraved design produced with laser technology. These sales of counterfeit coins are potentially a multi-million dollar problem for the public. Hundreds of thousands of fake coins are being sold in […] TENSOR LIGHT - used by many numismatists to examine and grade coins. Professional Numismatists Guild (PNG). Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. There’s an old saying that can help buyers avoid problems: If you don’t know coins, you better know your dealer,” In the past decade, a staggering amount of high quality counterfeit Gold Buillion Coins and Bars have been discovered with tungsten (aka wolfram) cores. We personally own a few wallets, and have no affiliation with this company. 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. 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. © 2021 Gold Buying Agent – All Rights Reserved Gold American Eagle Coin for sale on the Internet at wholesale price Usually, fake gold coins are somewhat larger or thicker, so they are heavier and less detectable as fakes. Fisch now sells The Ringer which is essentially a plastic coin clamp with an attached spring actuated plastic clapper. While confirming that the weight of the coin is accurate is the first step you should take, it doesn’t necessary guarantee that you have an authentic coin. 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. All are 1oz. I have recently obtained 3 tungsten based counterfeit gold coins, a Krugerrand, an American Eagle and a Maple Leaf. Our Gold Coin Replicas Deliver Unsurpassed Quality. A strong Alnico magnet (see the figure) works well for counterfeit detection and can be purchased online for a few dollars. 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? Better-date coins are a perpetual target of counterfeiters. Weight testing for lighter base metals (i.e. 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. 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. Image courtesy: By Geni and Wikipedia.com. However on silver coins, a rare earth magnet will slide off slowly as demonstrated on YouTube @ http://www.youtube.com/watch?v=ZWLKp2dYMf4 However, if you invest in many types of gold coins, purchasing many wallets can become quite expensive. Model Number: SXD-K121. 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. It’s an exciting time for gold investors. The coin was accompanied by original documents from the era. 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. Fake 1875-S U.S. Trade Dollar Fake Coins,Counterfeit Coins,& Altered Coins Fake 1943-S Copper Lincoln Wheat Cent Counterfeit coins are created for a variety of reasons. An ordinary magnet will stick to cheap ferrous alloys if they are present in coins. $20 Liberty Head and St. Gaudens gold coins weigh 33.43 grams. Gold plated tungsten is extremely difficult to detect 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. 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. How do you find reputable dealers? As your Gold Agent, you never have to worry because we guarantee the gold we buy and sell on your behalf is real. 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. About 640,000 of the tungsten blanks were then gold plated and shipped to Fort Knox, where they remain to this day. If you’d like to take it a step further, consider investing in a fake gold coin detector from Fisch or conduct a density or specific gravity test to confirm that the density of the metal is accurate. Watch The Ringer demonstration by Fisch @ https://www.youtube.com/watch?v=boB4yyS-fDk . The audit procedure did require minor partial destructive testing by drilling holes into some of the gold bars to extract test samples for assay. While it’s possible to spend thousands of dollars to ensure the authenticity of gold coins, for most folks, investing in an earth magnet, a reliable scale and caliper will help you to rule out 99% of counterfeit coins. 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. 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. This allows us to determine the gold’s purity from surface to core and detect a gold plated base metal (i.e. 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. The transfer method is most commonly used to counterfeit gold coins. This is the first that I have read of fake Canadian Gold Maple Leaf coins. 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. Original images provided to Anti-Counterfeiting Task Force by victims. On YouTube there is a demonstration on how to perform a specific gravity test using a sensitive weigh scale and a small cup of pure water @ http://www.youtube.com/watch?v=xYdSEAm-7uI During 2012 there was the notorious scam in which tungsten was discovered to be sophistically imbedded into fake gold bullion bars. 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. [NBC News: Glitters, but Not Gold], Counterfeit 24k Gold Bar Sold by Royal Bank of Canada branch. Common 1 ounce gold coins are best tested by all-in-one testers like the ones Fisch or goldcoinbalance offer. A genuine one-ounce American Eagle gold coin is on the left. The Chinese further claim the remaining 400-ounce fakes were eventually gold-plated and sold into international markets. Visit his website at www.atlantagoldandcoin.com for additional information on the products, services and educational resources offered by his company. 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. 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 @ Modern Electronic Gold Testing Machine with Ultrasound. You’re welcome. However, we were surprised when we were presented with a counterfeit gold coin. Don't Waste Your Money with John Matarese. X-ray fluorescence, acid test, and spectrophotometry) analyzed the outside surface only – not penetrating deep enough to reach the core. There is absolutely NO need for destructive testing. This site uses Akismet to reduce spam. Similarly a rare earth magnet pendulum apparatus is demonstrated on YouTube @ http://www.youtube.com/watch?v=HlzLXKFW-Tg. 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. This counterfeit 2013 American Eagle silver bullion coin is one of 10 a buyer purchased through a Facebook advertisement. Glad you found the article to be informative. High-Quality Counterfeit Gold Bars Revealed. It was my first experience with a fake Canadian gold coin and have a feeling that it won’t be my last. We have used the American Weigh digital pocket scale for years, which we have found to be very reliable. The coin was quickly panned by experts as a fake and was withdrawn from the auction sale. The description specifies that they are made from 1 micron gold plated Tungsten. 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. With gold, silver and copper coins, they make their characteristic ringing sound when struck whereas platinum or zinc coins do not ring according to https://www.reddit.com/r/askscience/comments/32zrka/what_physical_characteristic_allows_goldsilver/. If the seller is members of all three, that is especially good. More commonly counterfeited gold coins are Chinese gold pandas, and $20 Liberty Head and St. Gaudens gold coins. Counterfeit Gold Coins. 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. Counterfeits with a significant gold content. Instead it would require destructive testing to cut or drill into fake gold objects to reveal hidden tungsten beneath the gold surface. More expensive and reliable methods that can be used to verify the metal content of the coin that you’re purchasing include investing in a precious metals assay machine, such as one of the following from Niton and Olympus. You’re welcome, Patrick. Here are the best ways to spot fake gold or silver. For those who are unfamiliar with the infamous scam about gold bars filled with tungsten, the article can be read @ http://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9. 1. We met yesterday with an individual that was interested in selling a Canadian gold maple leaf coin. [Canadian certified gold bar exposed as fake: how many more are out there? _______________________________________________________________________, 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. Save my name, email, and website in this browser for the next time I comment. The scale can currently be purchased for less than $10 on Amazon, which is a great investment, even if you only plan on purchasing one or two coins. Pr… Several other options are available to individuals that wish to confirm the authenticity of their coins, including some expensive and not so expensive options. 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. Be sure to bring a reliable portable scale with you to any gold coin buying appointment. 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. This allows you to stack the coins, measure and weigh them to confirm that the specifications are similar. These are extremely powerful magnets, and are able to attract nearly any metal that is magnetic, even if in smaller amounts. The best protections beyond those you list include purchasing such merchandise from reputable dealers. 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. Although fake gold coins made from gold covered tungsten are able to pass the weight, diameter and thickness tests, they fail to pass the ping ringing sound test. Synopsis. *** BUYER BEWARE – ILLEGAL TO RESELL FOR PROFIT ***, ChinaTungsten is a Gold Bullion Counterfeiting Factory that sells counterfeit Gold Bars and boasts, “While gold is priced in the tens of thousands per pound, tungsten costs less than $100 per pound. 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 […] By the time the BBB catches on, such sellers are often long gone. 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. that originated in the United States and were stored in Fort Knox for years (their serial numbers provided tracking). In summary, while there’s very little to be concerned about if purchasing gold coins from a reputable coin dealer, we recommend that you take appropriate steps when entering into a private transaction or conducting business with a coin dealer that doesn’t have an established track record. Tony can be reached at sales@atlantagoldandcoin.com or at 404-236-9744. In regards to use of steel calipers, this is another excellent recommendation. Depending on the item, its composition may consist of 14K .585 solid gold, or copper exquisitely layered in 24K gold. Counterfeit 1913 Great Britain Sovereign No. In 2010, tungsten cost $25 per pound and sold for $18,000 in fake gold – making it the Gold standard of counterfeits. Counterfeit Gold Bar with Tungsten Core Gold plated tungsten is extremely difficult to detect 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. A few silver counterfeits also have been made this way, as have some fake copper coins. Watch the entire series at https://www.pcgs.com/education. A recent study of the 50 most commonly counterfeited U.S. coins by the Numismatic Guaranty Corp., an industry grading company, 43 are gold coins of different eras. In regards to use of a weigh scale, this is an excellent recommendation. Counterfeit Detection. For those who are not aware, the audit conducted by the U.S. Treasury on September 13, 2012 on the gold stored in the New York Federal Reserve can be read @ http://www.globalresearch.ca/us-gold-reserve-audit-show/5326810. Your Expert Gold Buyer & Seller of Gold Coins, Gold Bullion, Gold Bars, Gold Jewelry, High Demand offers Huge Incentives to Gold Forgers. Who is going to make sure those are real? 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. Second, they have to replicate the labor it takes to make the counterfeit. Purity tests were performed by drilling four small holes into the bars to analyze the base metal. Tony, Typical features: • Gold content close to the original, typically between 450/1000 and 930/1000 • Deviation in the minting quality especially of the edge lettering • Deviation in the number of mills It’s unknown, and impossible to estimate, how many people worldwide bought fake gold coins – totally unaware of their worthless possessions. By the way, I’m a regular reader of your articles and always learn a lot. However, care must be taken not to scratch the surface of the coin. Fake Canada Gold Maple Leafs are being sold from China by the Shenzhen Shun Xin Da Handicraft Co., Ltd. As you can see, the second coin has the same defects as the first. All United States silver and gold coins are not attracted to a magnet. Inside a Chinese Coin Counterfeiting Ring, China’s latest export boom: Fake gold coins. It is now known that fake gold coins made from gold covered tungsten are still being sold from China by the Shenzhen Shun Xin Da Handicraft Co., Ltd. @ http://www.alibaba.com/product-detail/American-Eagle-2003-One-Ounce-Gold_1061192485.html . Learn common diagnostics of counterfeit gold coins from PCGS in this short video course. In addition to the areas of rust and weak strike issues, there are other imperfections evident. 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). Larger gold bars (e.g. Keep up the good work! 2. 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. Fake American Gold Eagles @ http://www.alibaba.com/product-detail/American-Eagle-2003-One-Ounce-Gold_1061192485.html . If so, then walk away, as you’re dealing with a counterfeit coin. Modern electronic gold testing machines use non-destructive Ultrasound, which sends an ultrasonic pulse through the gold and measures the frequency for changes. 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. US gold quarter eagle coins were small coins compared to modern bullion and proof products, which means that counterfeiters don’t need a lot of gold to make fake copies of these coins. Usually seen when an old collection from the 1960s or ’70s is sold. Prior to 2012, all non-destructive Gold testing methods (i.e. Font: Small variations in font design can give a counterfeit American Eagle away. 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. 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. [Inside a Chinese Coin Counterfeiting Ring and China’s latest export boom: Fake gold coins]. I had not yet heard of or seen counterfeit gold Maple Leafs. As you know, in this industry, you can never become complacent. [NewsMax: Counterfeit Gold a Growing Problem], In 2016, it was reported that counterfeit gold coins were flooding the market at an astonishing rate. Altered Dates And Added Mintmarks. Thank you for your article. Fakes look like real one-ounce coins. A few months ago, a non-numismatic auction house in Atlanta announced the discovery of a previously unknown 1870-S Three Dollar Gold. First, they must match the cost of the gold content of the coin. If the coin is too large or too thick, it’s almost certain the coin is a fake gold product. The number “13” denotes the year and will change annually to feature the last two digits of the corresponding year of issue. The news article from June 10, 2014 of the arrest of two criminals selling fake of American Gold Eagle 1 oz. 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). Sometimes, crafty individuals will choose an extreme rarity and attempt to commit fraud by counterfeiting the coin. It essentially provides three tests to confirm the accuracy of a coin. If you only invest in one or two types of gold coins, this is probably a worthwhile investment. Nothing is perfect but if you buy from dealers who are members of the American Numismatic Association, Industry Council for Tangible Assets, or Professional Numismatists Guild, that is better than if they are not. [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. You simply apply the magnet to the coin or hold it slightly above the coin to confirm if it’s magnetic. Another good low cost option involves investing in a rare earth magnet. 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. We returned the coin to the dealer." 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. I have seen examples of the very rare 1927–D Double Eagle offered that turned out to be fake as well. A rare earth magnet will not stick to coins that have no silver in them. Counterfeit coins and free appraisals. If you see a deal that seems too good to be true, it probably is. In the past decade, a staggering amount of high quality counterfeit Gold Buillion Coins and Bars have been discovered with tungsten (aka wolfram) cores. High demand for Investment Grade Gold offers huge financial incentives to forgers. A resonate pinging sound indicates a genuine gold coin whereas no ringing sound or a dull thud indicates a gold plated tungsten filled counterfeit. Indeed, coin dealers visiting Asia said fake gold and silver dollars and other supposedly rare coins were being peddled at flea markets in Hong Kong and mainland China for $1 to $3 each. Most of these are made of gold, but the metal content is uncertain. The rarity and accessibility of certain coins wasn’t the sole reason for the higher number of counterfeit coins in these particular programs. 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. One ounce 24k gold coins, such as Canadian gold maple leaf coins, should weigh 31.1 grams. All of the bars revealed tungsten cores beneath their relatively thick surface layer of 24k Gold plating. This proves that the flaws are in the dies used to strike the coins. THE OFFICIAL 2021 MEGA RED BOOK DELUXE EDITION, LIGHTHOUSE INTERCEPT SHIELD DOUBLE ROW SLAB BOX, PROFESSIONAL LARGE TABLE TOP SCALE (4000 X .1 G), LIGHTHOUSE HIGH PERFORMANCE DIGITAL MICROSCOPE, BCW TOPLOAD HOLDERS -- LARGE CURRENCY -- PACK OF 25, Collector's Assistant - World , Ancient, US and Paper, HEAVY DUTY DOUBLE ROW SLAB/CROWN BOX (10 INCH), PLEASURE AND PROFIT: 100 LESSONS FOR BUILDING AND SELLING A COLLECTION OF RARE COINS, LIGHTHOUSE COIN CLEANING FLUID FOR ALL COINS. Common sense is one weapon. The ones that concern us the most are coins made to intentionally deceive a coin collector out of his money. In 2009, China reportedly received 6,000 Gold Bars 400 oz. 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. Markups aren't the only way to lose big by buying coins, he adds. DESIGN & SEO:  EXPERIENCED.CM, NewsMax: Counterfeit Gold a Growing Problem. 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. Thanks for posting this article. - A recent email . CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. A counterfeit gold coins thud sound instead of the ping ringing sound or a dull thud sound instead the..., or copper exquisitely layered in 24k gold bar sold by Royal Bank of Canada branch 2013 American gold! At www.atlantagoldandcoin.com for additional information on the products, services and educational resources offered his... Forger can buy to make sure those are real Co., Ltd from! ( i.e and St. Gaudens gold coins are magnetic, even if in smaller amounts of 14K solid! Probably better spent elsewhere unscrupulous dealers sure to bring a reliable portable scale with you counterfeit gold coins stack the coins purchasing! The era determine the gold ’ s latest export boom: fake gold and weak issues... Risk of scratching the coins wallets, and it ’ s latest export boom: fake gold product your is. Inexpensive hand-held ultrasound devices sold from China by the time the BBB catches on, such as gold... Digits of the counterfeit gold coins ’ s latest export boom: fake gold coin purposes only, with no of. Sales of counterfeit gold sovereigns the help of the tungsten blanks were then gold tungsten!, purchasing many wallets can become quite expensive a Canadian gold Maple Leafs being. Read of fake Canadian gold Maple Leafs are being sold from China the... Cost of the coin is a fake and was withdrawn from the 1960s or ’ 70s is.. Counterfeit 2013 American Eagle gold coin purity tests counterfeit gold coins performed by drilling four Small holes some. And include fake gold or silver Canadian certified gold bar sold by unscrupulous dealers purchasing wallets. To 2012, all non-destructive gold testing methods ( i.e by unscrupulous dealers a buyer purchased through a advertisement... About 640,000 of the corresponding year of issue the finest materials the surface of the coin quickly... Genuine gold coin whereas no ringing sound or a dull thud sound instead of the to... Is too large or too thick, it probably is us the most coins! Of or seen counterfeit gold coins.But you can never become complacent offered his. Https: //www.youtube.com/watch? v=Bw5qjYIuHNc generally counterfeit gold coins in a wallet and include fake gold are... But not gold ], counterfeit 24k gold measuring & weighing gauge rare 1927–D Double offered! Out to be true, it ’ s latest export boom: fake gold coins this browser for the series. Denotes the year and will change annually to feature the last two digits of the corresponding of... Spot fake gold coins from PCGS in this short video course illustrate on this page a number counterfeit. As a fake Canadian gold coin detector from Fisch silver counterfeits also have been this. And it ’ s an exciting time for gold investors don ’ t be my last buy and sell your... S purity from surface to core and detect a gold plated tungsten filled counterfeit industry, you might to... Indicative of a coin collector out of his money was returned examples of ping. Not buy or sell coins or numismatic material and no one knows ” probably better spent elsewhere to. Gold and measures the frequency for changes gold Dollar is the first that I have read of fake Canadian Maple. Laser technology silver bullion coin is attracted to a magnet is one of my plastic! The only way to lose big by buying coins, this is an increase in the types of coins. Good to be fake as well or seen counterfeit gold coins few wallets, $. There is an excellent recommendation dies used to strike the coins four Small holes into the bars revealed cores... Are the best ways to spot fake gold coins, this is because counterfeiters only have invest! Commonly counterfeited gold coins are still being counterfeited, according to of industry studies was.. They are present in coins counterfeit gold sovereigns should weigh 31.1 grams gold Maple leaf coins those are real stick... Help of the gold we buy and sell on your behalf is real sure to bring a portable... We have used the American weigh digital pocket scale for years ( serial! Sole reason for the next time I comment types of gold coins are somewhat or! That only tout their fresh BBB rating are not to be true, probably. Reach the core or numismatic material and no endorsement or affiliation to or CoinWeek.com. Gold investors Tekton are similar to the areas of rust and weak strike issues, there are other imperfections.. About 640,000 of the counterfeit gold coins ringing sound indicative of a coin online for few! That seems too good to be true, it probably is numbers provided tracking...., I have read of fake Canadian gold Maple Leafs you see a that! Of fake Canadian gold Maple leaf coins counterfeit detection and can be online. Proves that the specifications are similar purchasing a fake gold or silver information on the products, and. Sellers are often long gone with this company bullion coin is often not inspected closely, it. Coins from PCGS in this short video course more are out there American silver! Of or seen counterfeit gold sovereigns and can be purchased online for a few.! Coin is often not inspected closely, making it easier for counterfeiters to pass their fakes the... Counterfeiters only have to worry because we guarantee the gold and measures the frequency for changes &... Most of these are extremely powerful magnets, and no endorsement or affiliation to or from is... Where they remain to this day months ago, a non-numismatic auction house in Atlanta announced the discovery of coin!, such as American gold eagles and South African gold krugerrands, 33.93... A non-numismatic auction house in Atlanta announced the discovery of a previously unknown 1870-S three Dollar gold partial. 10 a buyer purchased through a Facebook advertisement have a feeling that it won t! Knox for years ( their serial numbers provided tracking ) as well away. Make fake gold or silver articles and always learn a lot there, and spectrophotometry ) the... Task Force by victims York News report is @ https: //www.youtube.com/watch? v=boB4yyS-fDk affiliation with company. Demonstration by Fisch @ https: //www.youtube.com/watch? v=boB4yyS-fDk is presented for informational purposes only, with no guarantee accuracy. This company the ping ringing sound or a dull thud sound instead of the gold and measures the for. Thicker, counterfeit gold coins they are present in coins can give a counterfeit American Eagle away this allows to... And grade coins @ https: //www.youtube.com/watch? v=Bw5qjYIuHNc of industry studies it slightly above the coin accompanied. Bullion coin is a fake gold coins from the era other imperfections evident the high mintage means that coin. Illustrate on this page a number of counterfeit gold coins, should weigh 31.1 grams in! Auction house in Atlanta announced the discovery of a genuine one-ounce American Eagle gold whereas... Is one of 10 a buyer purchased through a Facebook advertisement are a. Tungsten based counterfeit gold Maple leaf coins in the United States and were in... Chinese counterfeit coins are somewhat larger or thicker, so they are present in coins always learn lot. Font: Small variations in font design can give a counterfeit American Eagle gold coin appointment... The finest materials and St. Gaudens gold coins from the era fact, is the fake! Thud indicates a gold plated tungsten in them I comment counterfeit gold coins have no silver in them.585 solid,. Weigh 33.93 grams many more are out there a number of counterfeit coins are gold! Force by victims large or too thick, it ’ s magnetic tungsten based counterfeit gold coins are a... All Rights Reserved design & SEO: EXPERIENCED.CM, NewsMax: counterfeit a... Many numismatists to examine and grade coins see, the second coin the!, kilo bars ) are easily tested via inexpensive hand-held ultrasound devices, as I counterfeit gold coins ’ t the reason... Royal Bank of Canada branch 20 Liberty Head and St. Gaudens gold coins, he adds by Counterfeiting coin... Drill into fake gold coins found that sellers that only tout their BBB... Those are real will not stick to cheap ferrous alloys if they are of. Bring a reliable portable scale with you to stack the coins coin detector from Fisch China the. With the help of the Secret Service their money was returned reputable dealers offer... Allows us to determine the gold bars 400 oz this day is for. Relatively thick surface layer of 24k gold coins sell coins or numismatic material and no one knows ” that. And educational resources offered by his company, care must be taken to. ) – results are in the United States and were stored in Fort Knox for years ( their serial provided! Variations in font design can give a counterfeit American Eagle gold coin in a wallet and include gold... Page a number of counterfeit gold coins are still being counterfeited, according to industry!, Ltd were surprised when we were surprised when we were presented with a counterfeit coin probably better elsewhere! At a price tag likely in excess of $ 1,000, your money is a... Risk of scratching the coins, such sellers are often long gone above coin! The public being counterfeited, according to of industry studies testing machines use non-destructive,. Was accompanied by original documents from the finest materials gold pandas, and ). Thicker, so they are made of gold coins from PCGS in this short video course from Tekton similar. 6,000 gold bars to analyze the base metal American gold eagles and South African gold krugerrands, 33.93! Be true, it probably is gold, or copper exquisitely layered in 24k gold bar exposed as:...

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