Fake 1862 Gold Coin. Following this guideline will prevent you from becoming a victim 90% of the time since 90% of all fake coins on eBay come from Chinese sellers. So long as counterfeiters can produce fakes for less than the cost of authentic silver coins, and so long as man’s nature is what it is, there will always be phony coins on the market. GoldBank.ie is a leading online dealer of silver bullion and gold bullion online in Ireland.. We stock a wide range of gold and silver bullion, enabling investors to buy gold coins, gold bars, silver bars and silver coins at competitive prices.. We offer low premiums and quick trade execution for large and small investors to suit their investment needs. Before you buy any coins on eBay that are not certified by PCGS or NGC, always check the seller's feedback to see who is buying his coins. The Austrian Mint have issued a number of restrike coins including the famous 1780 Maria Theresia thaler, and various gold coins, many dated 1915. Spotting a fake: the pagoda. The quality of engraving will often be of very poor quality. Worried about fake coins doing the rounds at the moment? Fake coins are produced as a means of deceit, to trick people, buyers and businesses that the coins are legitimate. Two coins struck moments a part of the same set of die can have different centering, flan shapes and striking quality and two as identical as these fake Corinthian staters made in permanent molds, is next to impossible. The genuine 1872/1 25-cent piece, MS65 prooflike, is worth about $800. Look at the edge of the coin to see if the plating is visible where the rim meets the side; also look between the reeding. Trustworthy gold bullion dealers will sell gold bullion at 1.5% to 10% (or more) over the gold spot price (small fractional coins can have even larger mark-ups). Read more > Magnet test This is another very easy test you can carry out at home with minimal equipment needed. 06:17. 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. This practice is becoming less prevalent as more and more people learn how to test for fake silver, but for every clued-up investor, there are ten who will buy without thinking and without checking, and this is what the dealers rely on. Looking further at this problem, however, and consulting with leading US dealers, we asked if they come across many fake bullion Gold Coins – such as Eagles or Maple Leafs. This date had one of the higher mintages of the entire series at 578,000 coins. the correct weight - … Some fake two pound coins are unsophisticated copies that are easy to spot. With the lowest prices online, cheap shipping rates and local collection options, you can make an even bigger saving. The coins typically showed a picture of a lion or bull on the face and a punch mark or seal on the other side. Fake jewelry has been around for quite a long time. There are also many dealers that buy wholesale fake coins and bars from China, passing these off as legitimate and profiting from the large margins. The 1925-D gold quarter eagle is another example of a common coin that has still been extensively counterfeited. Berkeley (1990) Lawrence, Richard H. Medals by Giovanni Cavino, The “Paduan”. the correct size - but underweight, or. Some coins and bars also have their weights stated on them, such as the 2019 Britannia coin pictured below. 1. Many of the crude fake £2 coins also don’t have the correct edge inscription ‘STANDING ON THE SHOULDERS OF GIANTS’. I have seen several dozen of this exact fake all this identical and any time you see two ancient coins this close there is reason for suspicion. We will concentrate on simple. diameter, and thickness of your gold coins will allow you to easily identify a fake. If the dimensions of the fake are accurate (diameter and thickness), it will be too light and if the weight of the fake matches a genuine coin, it would either have to be thicker and / or wider to accommodate the additional material. Counterfeit Coin Countermeasure Bonus: Key Dates. It is not our usual practice to sell fake coins, although they do hold important numismatic interest in their own right. 06:06. Think how jealous you’re friends will be when you tell them you got your replica gold coins on AliExpress. The first thing to do is the magnet test. Silver can be sold as white gold, fake hallmarks can be engraved into the pieces of jewelry, and fake gems can be used instead of real ones. They've only seen a handful during their thirty years in business. DON'T BUY FAKE SILVER - EASY ACID TEST!!! How to Identify Fake U.S. Gold Eagles. 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