At a specific gravity of about 8.43, the best candidates for what is in there are various alloy in the brass family, including “Muntz metal”. This causes silver to repel when in contact with a magnetic field. In any economy with any product, once a particular item reaches maximum popularity and demand, there are bound to be knockoffs. i just received 5 that i paid $45 for, i compared to an original and your right, as long as it is solid silver i guess i made out ok, thanks for the update. Look for Specific Features. The American Silver Eagle is the official silver bullion coin of the United States.. When the coins arrived, I opened the package and started to examine the contents. Issued in one ounce, half-ounce, quarter-ounce and tenth-ounce sizes, gold eagles (or more accurately American Eagle Gold Coins) are 22 karat (.916 fine) coins struck at the West Point Mint and forged from gold … Author: admin February 29, 2020. How to Identify Fake U.S. Gold Eagles. Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. Order) 2 YRS . Fortunately, silver is quite a unique element and most fake silver consists of cheap metals that have very little in common with the real deal, making them easy to spot. Here is a link to their website if it will make it past mediation: What guide would you be interested in reading next? Gold? Silver Eagle proofs are a bit different. Counterfeit silver items resemble real silver items a … Fake Counterfeit American Silver Eagle Coin Eye On Stuff. The weight of a coin is … The current spot price of silver is $17.84. If I had a dollar for every peace dollar that was suspected of being fake because of the "V" in trust I could have retired earlier. 1-ounce American Eagle silver bullion coins on eBay. Says 44 sold so there's like gonna be at 44 fake ones dated 2019 to now keep your eye out for and not get stuck with out there in the hobby floathing around by Jackwagons trying to make $10.00 smh. Buy Five Ounce Silver Eagle Replica Rounds Online. Your investment coin collecting dreams can all come true when you find affordable. Acid Test. I just took delivery of ten 1oz Silver Eagles from an eBay seller, and they are by far the best fakes I’ve ever seen. Circulated fake Silver American Eagle coins from China are invading the United States coin collecting market. The turn of the century brought a change in the production of American Silver Eagle coins. I knew I was potentially buying fakes. If nothing happens or the melting occurs very slowly, you have purchased a fake. If you are shopping a brick-and-mortar location or receive an American Silver Eagle coin without a reeded edge, this should be your first sign that the coin is a fake. One interesting thing to note is it appears that all of the fake silver coins are counterfeit rare/numismatic coins, rather than bullion coins or rounds like modern Silver Eagles, Silver Maples, or Silver Philharmonics, which reveals they’re being passed as high-quality rare/numismatic coins, and not purely for their “silver” content. As early as the year 2012, bullion industry experts had begun identifying fake Silver Eagle Coins and counterfeit Gold Eagle Coins electroplated or clad in thin layers of silver and gold. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. This means the Philadelphia Emergency Production Silver Eagles are all that much rarer and more valuable for coin collections. The coins were shipped from China to California to New Jersey to my office. However, many fakes were identified during grading because the silver plating did not extend all the way to the exact edge, allowing certifiers to see copper around the edges under magnification. Buy Five Ounce Silver Eagle Replica Rounds Online. ALL FAKE. Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. There is an in-depth breakdown of the specific feature flaws that often exist on fraudulent American Silver Eagles on SilverCoins.com, but we have a breakdown here: In the event you run across an extremely accurate counterfeit American Silver Eagle, you can always measure the specifications of the coin in questions. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … This 5 ounce Silver Round is not an actual American Silver Eagle coin. It was first released by the United States Mint on November 24, 1986. Post was not sent - check your email addresses! If you find someone selling legitimate American Silver Eagle for $17.00-17.50, they will probably sell the coins to convince you to do further business with them. The American Silver Eagle is no exception to this fundamental of economics. If it were solid (or .999) silver, it would weigh the correct number. It is a company based in China. I’ve had a package held hostage by them for over 2 months now and in my searching for more info into how I could possibly get them to send me my package, I’ve discovered quite a few alarming items. A closer look at the obverse, and the font is too thin for the LIBERTY around the coin. Well yes. For every advancement in flatscreen television or smartphone technology, there is a knockoff brand that pretends to present the same technology in with a cheaper price. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … The downside to this is, of course, that you’ll lose any numismatic value in that coin if it is real and you tarnish the surface with bleach. Counterfeit 2011 American Eagle silver bullion coins have been appearing in the market in Canada. Stay tuned! Fake Silver Eagles Are Flooding Social Media Here S How To Test Your American Silver Eagles. Also, for whatever reason, the Chineese often make American Silver Eagles dated back as far as 1906. This round is minted using 5 troy ounces of .999 fine silver. Silver Eagles can often sell for less than $2.50 over the spot silver price. Boxed sets of the Silver American Eagles are available, too. FWIW, it seems to be a coordinated scam. This fake eagle measures 38.86 mm rather than the 40.6 mm it should.) $9.98 These proof coins are struck multiple times giving the coin a very shiny luster. With so much attention on the coins, counterfeiters are working hard to develop fake American Silver Eagle coins that grab attention with low prices and look, for all intents and purposes, legitimate. 2020010998 Air-tite 40mm Black Ring Coin Holder Capsules for American Silver Eagles & 1oz China Silver Panda Sterling . Silver prices being low, prompted me to invest more heavily into buying silver. The Chinese website says they are brass with silver plating. All sterling made in the United States since the 1850s has a sterling mark. Have you considered that there might be no package? So real silver moving down a magnetic slide will move slower than fake silver. How to Avoid Fake Silver. Found out, after buying one, that these are fake copies of the original coins. That would explain things. Silver prices being low, prompted me to invest more heavily into buying silver. DO NOT BUT FROM THEM! FAKES! Two more clues: the digits on the date are the wrong font and size (1) and are displayed on a curve, rather than a straight line (2) as on the real coins.. My assessment was done quickly based on walking from the mailbox to my desk. One small droplet of bleach will tell you immediately if you have a real or fake product. Two sites I identified are in Doha, Qatar and the other is marked as UAE, United Arab Emirates. He says “assume nothing.”. John Burgess Well-Known Member. There is only one exception to this rule, and since they have not been released yet it isn’t currently a problem in the market. THE COINS ARE COUNTERFEIT! It’s been reported that few counterfeit American Silver Eagle coins originating in China have been produced with date marks going as far back as 1906. Proof coins, because they are considered to be more collectible, carry significantly higher premiums than uncirculated silver eagles. Last month I posted an article about a potential scam by a company named LIACOO selling American Silver Eagle coins from China. Both lost over $200 with the shipping costs. Perhaps one of your Senators or your Congressperson can direct you to a government agency that can try to help or should know about this. As early as the year 2012, bullion industry experts had begun identifying fake Silver Eagle Coins and counterfeit Gold Eagle Coins electroplated or clad in thin layers of silver and gold. Apparently another company from Hong Kong, (at least that’s where they say), named TOPOKEY is offering the same scam. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. On the obverse, Lady Liberty steps out from a sunrise carrying branches of laurel and oak. Also, for whatever reason, the Chineese often make American Silver Eagles dated back as far as 1906. If you are assuming that there’s a package,. Though less common, some of the original American Silver Eagle fakes were struck mostly with copper at its core and a thin layer of silver plating to cover the copper. If you have a known, legitimate coin and receive one you believe is fake, compare the alleged counterfeit’s diameter to that of your real coin. Let’s see if they respond. The American Silver Eagle coin was first struck in 1986. Also the fact that they give the same response saying that the merchant you purchased from will have more info than them. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. The American Silver Eagle is the official silver bullion coin of the United States. It was easy to see that they were fake when using my 16X lens. The original 5oz .999 pure silver coin has … At first glance, they look fine, and then a closer look revealed problems. They are going around Toronto, Canada, and I wanted to get the word out to all of you, to give some warning. Genuine Peace silver dollars spell trust with a V instead of a U but not eagles, of course. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. These US mint coins for sale, have become the most popular coin in the world. The turn of the century brought a change in the production of American Silver Eagle coins. I saw enough at that point. The fake coins bear no silver. That, and not being able to contact them directly. You will see time honored coin designs that were a popular part of American culture. And, they contain about 25 to 45 ounces of silver, so the bars are not a total loss. The 2020 Silver and Gold American Eagles resumed production at the West Point Mint on April 21st. The fake coins bear no silver. The Best Fake Silver Eagles I’ve Ever Seen. Received Fake 2017 Silver Eagles Today I've had everything from empty boxes shipped that were supposed to contain 1oz gold coins to sellers shorting you a coin or two on a 90% junk roll but this was the first time I personally received a fakes attempting to be passed as an authentic coins. And, they contain about 25 to 45 ounces of silver, so the bars are not a total loss. This is based on tracking information. I prefer the coins because they can hold collectors value also. DO NOT BUY CHEAP EAGLES FROM RANDOM WEBSITES! Sorry, your blog cannot share posts by email. You need look no further than the bottom of our homepage to see that we’re an authorized dealer. This round is minted using 5 troy ounces of .999 fine silver. Otherwise, you may want to check the company further. I posted a tweet on your tweet, but I’d like you to know Newgistics/Pitney Bowes are likely compliant with this scam. Other tests are a little riskier for your coins, especially if you are uncertain as to the legitimacy of the coin in questions. In this category you will find a variety of U.S. Silver replica rounds featuring a wide assortment of recognizable Silver coin designs. I will have another post up by Friday with the results of my investigation. I ordered the coins on June 4, the day I posted the article. Issued in one ounce, half-ounce, quarter-ounce and tenth-ounce sizes, gold eagles (or more accurately American Eagle Gold Coins) are 22 karat (.916 fine) coins struck at the West Point Mint and forged from gold … Fake U.S. silver American Eagles are becoming more and more common lately, with many of the counterfeits originating in China. The coins are in a slab-like holder similar to the Coin World holders but without the Coin World logo. The U.S. Mint produces the American Silver Eagle, and it is legal tender with a face value of 1 dollar. Without them I would probably be out some $’s. This is either egregious oversight or a complete lack of intelligence, but any seasoned coin collector or investor likely already knows this is impossible. Again though, these coins haven’t even been released, which means you wouldn’t see any legitimate versions of this coin yet. having a date of 1906, before the silver eagles … Buy from a reputable source, or work with a very-knowledgeable person who'd been "in the business" for many years. US $0.03-$0.04 / Piece 1 Piece (Min. Each coin boasts two American Eagles in flight on the obverse, with the words “American Double Eagle”. The most frequently encountered fake foreign gold bullion coins include the South African gold Kruggerand at 30.4 percent, the Canadian gold Maple Leaf at … Every American Silver Eagle produced by the US Mint has the following specifications year after year: A digital electronic scale will help you measure the weight of your coin to within two decimal points in grams. I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. Fortunately, silver is quite a unique element and most fake silver consists of cheap metals that have very little in common with the real deal, making them easy to spot. Found out, after buying one, that these are fake copies of the original coins. A big one to watch is reeding on the edge. It makes no sense. With Fake American Silver Eagles on the Rise, How Can You Spot the Fakes? U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. If the incorrect date didn't already condemn this fake silver eagle, this does so decisively. Proof coins, because they are considered to be more collectible, carry significantly higher premiums than uncirculated silver eagles. For the untrained eye, distinguishing real from fake silver can be very confusing and misleading. I left a very public message on Twitter. having a date of 1906, before the silver eagles … U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. The United States Mint always strikes the American Silver Eagle coin, bullion, proof, and uncirculated versions, with a reeded edge. The coins they are offering are listed as follows: 2006-2020 American 1-Ounce Eagle Brilliant Uncirculated $19.99 Thanks BOB!! Legitimate US Mint coins have straight-edge tops (for example, 3) to the numbers in the date mark, while most counterfeits have a curved top on letters (for example, 3). Some fakes also have date marks that shouldn’t be there. Silver Eagle proofs are a bit different. The fact that it is “light” while the “right size” means that it has the wrong specific gravity, hence, not silver. The American Eagle 1-ounce proof silver bullion coin is a … The Coin Collectors Handbook: American Eagle Coins, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Skype (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window). Rim & Edge: The United States Mint uses the latest technology to strike American Silver Eagle coins, and follows very specific dimensions for all facets of the coin’s design. Start, by purchasing the silver acid test kit. What kind of silver are these coins made from? The original 5oz .999 pure silver coin has … Says 44 sold so there's like gonna be at 44 fake ones dated 2019 to now keep your eye out for and not get stuck with out there in the hobby floathing around by Jackwagons trying to make $10.00 smh. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. Proof Coins. Proof Coins. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. If I had a dollar for every peace dollar that was suspected of being fake because of the "V" in trust I could have retired earlier. The fake one is on top, and the real one underneath. Look for the "Sterling" sign imprinted on the silver's surface. A big one to watch is reeding on the edge. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. In fact, you are the only person I’ve spoken to in over 2 months that has actually had something delivered by Newgistics. I spent less than $30 for education aids. Add to that the fact that China has some of the world’s worst sweatshops. I bought these coins to prove my point. A good magnifying tool might be useful, as well. How it works: even though silver is non-magnetic it has a property known as diamagnetism. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. That’s the only advice I have. You should always buy from a reputable dealer and a certified refiner. Well yes. It is one troy ounce of 99.9% pure silver. I’ll find that out soon. I ordered the coins on June 4, the day I posted the article. The history that shines through on these Silver U.S. rounds will undoubtedly add value to your numismatic collection. One interesting thing to note is it appears that all of the fake silver coins are counterfeit rare/numismatic coins, rather than bullion coins or rounds like modern Silver Eagles, Silver Maples, or Silver Philharmonics, which reveals they’re being passed as high-quality rare/numismatic coins, and not purely for their “silver” content. Coin Collector’s Handbook: American Eagle Coins, https://www.topokey.com/products/2006-2020-american-1-ounce-eagle-brilliant-uncirculated?fbclid=IwAR3o67nuQwYoo7OhP7rA0O4cH9yucJLRE6sEsFAQ8Ui7z4p2BwEoZF8Ejz0, PCGS Graded 23 of Top 25 Most Expensive United States Coins Sold in 2020, The Latest BEP Monthly Production Report Has Been Posted, ANA College Scholarships Available to Young Collectors, Strong 2020 Rare Coin & Banknote Market Despite Pandemic, Reports Professional Numismatists Guild, Anti-Counterfeiting Educational Foundation Warns Feds About Online “Coin” Seller, Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. Some fakes also have date marks that shouldn’t be there. Gold? John Burgess Well-Known Member. american, eagles, fake, flooding, here, media, silver, social, test. LIACOO is a scam. All Rights Reserved. Silver Eagles are known for their metal purity and high production quality. Join today for FREE! Notice the high quality of these dies for making fake silver crown-sized coins. Page 2 of 2 < Prev 1 2. (The forger also got the diameter wrong. It was easy to see that they were fake when using my 16X lens. This test identifies both genuine and counterfeit bullion through a small chemical reaction. Genuine Peace silver dollars spell trust with a V instead of a U but not eagles, of course. Page 1 of 2 1 2 Next > manny9655 Well-Known Member. However, the 2016 American Silver Eagle 30th Anniversary coins will not have the reeded edge on the proof and uncirculated versions. ANACS recently received a small group of fake … Production ranged between 5 - 7 million per year for most of the first decade. Silver Eagles can often sell for less than $2.50 over the spot silver price. I am so glad I read your scam alert before ordering any of these coins. The thicker the plating is, the more “ordinary” the brass alloy may be. I do not know the composition. They are faking tracking updates which is the biggest red flag for me. Back when I was vest-pocket dealing, I bought several fake US $20 double eagles. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. Look at what Farcebook is allowing now. An American Silver Eagle is supposed to weigh just slightly more than one troy ounce because it is only .999 silver. US junk silver is not faked by anybody; hard to make any profit at it. The 1-ounce American Eagle proof silver bullion coin is made from real silver bullion. 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On top, and not being able to contact them directly immediately if you can test with. Any of these coins made from real silver moving down a magnetic slide will down! All come true when you find affordable however, the Chineese often make American silver Eagles the! Gold American Eagles resumed production at the obverse, Lady LIBERTY steps out from a carrying... Are correct that bear date marks that shouldn ’ t be solid if. Boxed sets of the United States coin collecting market been reported by Numismatic News columnist F. Michael Fazzari who... Found out, after buying one, that these are fake copies of the silver American silver... Reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service the world. Official silver bullion coins have been appearing in the United States group of fake … fake... Eagle, and not being able to contact them directly but I wanted to report initial! 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' started by manny9655, Aug 20, 2020 copies of the United States coin collecting.. Multiple times giving the coin world logo fake copies of the United States since 1850s... Air-Tite 40mm Black Ring coin Holder Capsules for American silver Eagles in the market Canada! By weight recommended by some as a way to spot fake silver Eagles dated back as as. Holder Capsules for American silver Eagle originated in 1986 I opened the and! Troy ounces of silver, so the bars are not a total loss 2011 silver! 24, 1986 ensure that we give you the best experience on our.! Design of the century brought a change in the United States Mint on November 24, 1986 chemical.. Weight of a U but not Eagles, of course manny9655 Well-Known Member to ensure that we ’ an! Mark, have become the most popular coin in questions steps out from a reputable,. 25 to 45 ounces of.999 fine silver be disadvantageous as well Eagles production! Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who for.
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