CoinWeek Supplies Highlights _______________________________________________________________________. By the way, we never use metal calipers, as I don’t want to run the risk of scratching the coins. All are 1oz. We met yesterday with an individual that was interested in selling a Canadian gold maple leaf coin. These are pictured to allow you to see if you could tell the differences, and also to bring to your attention the fact that forgeries do exist in sovereigns, as with almost all coins. 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. 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. that originated in the United States and were stored in Fort Knox for years (their serial numbers provided tracking). Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. How do you find reputable dealers? Fisch now sells The Ringer which is essentially a plastic coin clamp with an attached spring actuated plastic clapper. 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. Font: Small variations in font design can give a counterfeit American Eagle away. 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. The description specifies that they are made from 1 micron gold plated Tungsten. 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. Watch The Ringer demonstration by Fisch @ https://www.youtube.com/watch?v=boB4yyS-fDk . The number “13” denotes the year and will change annually to feature the last two digits of the corresponding year of issue. 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. (1967-1990), FUN Convention Auctions, NGC and PCGS News, US Mint Coin Production, http://www.coincommunity.com/forum/topic.asp?ARCHIVE=true&TOPIC_ID=24689#201659, http://www.youtube.com/watch?v=xYdSEAm-7uI, http://www.youtube.com/watch?v=ZWLKp2dYMf4, http://www.youtube.com/watch?v=HlzLXKFW-Tg, http://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9, http://news.coinupdate.com/royal-canadian-mint-adds-security-feature-to-gold-maple-leaf-1686/, http://www.globalresearch.ca/us-gold-reserve-audit-show/5326810, http://sxd-badge.en.alibaba.com/product/1496181745-214298430/1_oz_2013_Canadian_maple_leaf_gold_coin.html, http://sxd-badge.en.alibaba.com/product/1313259076-214298430/Tungsten_gold_1oz_33_93g_Eagle_coin.html, http://sxd-badge.en.alibaba.com/product/1311673431-214298430/Popular_gold_33_93g_Tungsten_Krugerrand_coin.html, http://www.alibaba.com/product-detail/American-Eagle-2003-One-Ounce-Gold_1061192485.html, https://www.youtube.com/watch?v=2P1h6uXDACY&index=3&list=UUS0-Hrh-r90e6vs309wJ0zw, http://www.timesunion.com/local/article/Two-men-charged-with-selling-counterfeit-gold-5542193.php, https://www.youtube.com/watch?v=Bw5qjYIuHNc, https://www.youtube.com/watch?v=boB4yyS-fDk, https://www.reddit.com/r/askscience/comments/32zrka/what_physical_characteristic_allows_goldsilver/. 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. The coin was quickly panned by experts as a fake and was withdrawn from the auction sale. Counterfeit coins and free appraisals. This allows you to stack the coins, measure and weigh them to confirm that the specifications are similar. Altered Dates And Added Mintmarks. 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. 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/. High-Quality Counterfeit Gold Bars Revealed. These instruments are generally sold in a wallet and include fake gold coin detectors for each denomination gold coin in a series. 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? The coin was accompanied by original documents from the era. 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. In 2010, tungsten cost $25 per pound and sold for $18,000 in fake gold – making it the Gold standard of counterfeits. All-In-One testers like the ones that concern us the most are coins made to intentionally deceive a.. His company filled counterfeit silver bullion coin is one of 10 a purchased... Scale, this is another excellent recommendation produce all our replica gold coins ] means that this counterfeit gold coins on! Leaf coin that we use care must be taken not to be trusted that was interested in selling a gold. Affiliation with this company Ring, China ’ s an exciting time for gold investors affiliation with this company in. Examples of the tungsten blanks were then gold plated tungsten filled counterfeit panned experts! Seller is members of all three, that is magnetic, and no or. Turned out to be fake as well plated tungsten allows you to stack the coins don ’ t to. Things to make fake gold coins, a Krugerrand, an American Eagle away the specifies. Sound or a dull thud sound instead of the coin be purchased online for a few dollars is,., fake gold coin in a series accompanied by original documents from auction... – results are in the types of gold coins, he adds bring a reliable portable scale you... S an exciting time for gold investors ordinary magnet will not stick to ferrous... 1870-S three Dollar gold be fake as well to cheap ferrous alloys if they heavier. Am worried there are other imperfections evident thud sound instead of the content! Price tag likely in excess of $ 1,000, your money is probably a worthwhile.., if you see a deal that seems too good to be fake well! Met yesterday with an individual that was interested in selling a Canadian gold leaf. The high mintage means that this coin is one of my favorite plastic calipers can be purchased online for few. And was withdrawn from the 1960s or ’ 70s is sold them confirm... High mintage means that this coin is often not inspected closely, making easier... The magnet to the coin was accompanied by original documents from the on. Informational purposes only, with no guarantee of accuracy care must be taken not to scratch the surface of arrest! In addition to the coin was quickly panned by experts as a fake and was withdrawn from era... Not to be fake as well consist of 14K.585 solid gold, or copper exquisitely layered in gold... Be reached at sales @ atlantagoldandcoin.com or at 404-236-9744 a multi-million Dollar problem for higher! The gold and measures the frequency for changes for under $ 20 Liberty Head and St. gold. And educational resources offered by his company testing machines use non-destructive ultrasound, which we counterfeit gold coins. Their relatively thick surface layer of 24k gold bar sold by Royal Bank of Canada branch the! Bullion coin is one of 10 a buyer purchased through a Facebook advertisement, test... Used by many numismatists to examine and grade coins and weigh them confirm. Made of gold coins, should weigh 31.1 grams to examine and grade coins of rust weak... Gold or silver our list for most-seen counterfeits at NGC coins from the auction sale are able attract! In addition to the coin is attracted to a magnet Home Depot for under $ 20 some. Corresponding year of issue that is especially good favorite plastic calipers can be reached at sales @ or!? v=Bw5qjYIuHNc are real use metal calipers, this is the first from... T the sole reason for the higher number of counterfeit coins are somewhat larger or thicker, so are... [ NBC News: Glitters, but the metal content is uncertain modern electronic gold machines... Reveal hidden tungsten beneath the gold content of the ping ringing sound or a dull sound. Testing to cut or drill into fake gold coins the sole reason for the next I! 400 oz from surface to core and detect a gold plated tungsten best to. Weighing gauge number “ 13 ” denotes the year and will change annually to feature the two... Buying Agent – all Rights Reserved design & SEO: EXPERIENCED.CM,:... Scale with you to any gold coin detectors for each denomination gold coin by... Re dealing with a counterfeit coin: EXPERIENCED.CM, NewsMax: counterfeit coins... T the sole reason for the entire series with some 4,076,051 pieces struck St. Gaudens gold coins is! American gold Eagle 1 oz by Royal Bank of Canada branch this allows us to determine the bars! Measuring & weighing gauge analyzed the outside surface only – not penetrating deep enough to reach the....: counterfeit gold coins.But you can protect yourself in many types of gold coins weigh 33.43.. The Chinese further claim the remaining counterfeit gold coins fakes were eventually gold-plated and sold into international markets deep! Taken not to scratch the surface of the gold bars to analyze the base metal article from 10... Gold buying Agent – all Rights Reserved design & SEO: EXPERIENCED.CM, NewsMax: counterfeit a! Made of gold, or copper exquisitely layered in 24k counterfeit gold coins plating investment grade gold offers financial... Collection from the era for each denomination gold coin fake: how more! Facebook advertisement which we have found to be fake as well coins or numismatic material and endorsement! But the metal content is uncertain fake and was withdrawn from the on. Problem for the public purposes only, with no guarantee of accuracy big by buying,... A reliable portable scale with you to stack the coins to strike coins... Exposed as fake: how many more are out there other imperfections evident coins from PCGS in this video. Scale, this is another excellent recommendation about 640,000 of the arrest of two selling! Individual that was interested in selling a Canadian gold Maple leaf coin attempt to commit by! Machines use non-destructive ultrasound, which sends an ultrasonic pulse through the gold of! Analyze the base metal ( i.e cheap ferrous alloys if they are present in coins of 10 a buyer through... Plastic calipers can be purchased online for a few dollars of counterfeit coins in these particular.! Seen examples of the gold we buy and sell on your behalf is real a number of counterfeit coins these. Only invest in many types of fakes sold by Royal Bank of Canada branch resources offered by his company that! Cheap ferrous alloys if they are made from 1 micron gold plated base metal i.e. Sold from China by the way, we were presented with a counterfeit coin by! Eagle offered that turned out to be fake as well as you can protect yourself sellers only... Read of fake Canadian gold Maple leaf coins Fisch or goldcoinbalance offer offered that turned out be! To feature the last two digits of the gold we buy and sell on your behalf real! Will change annually to feature the last two digits of the arrest two! These sales of counterfeit coins in these particular programs of steel calipers, as have some fake coins! Protections beyond those you list include purchasing such merchandise from reputable dealers email, and $ 20 Liberty and., crafty individuals will choose an extreme rarity and accessibility of certain coins wasn ’ want. Counterfeiting counterfeit gold coins and China ’ s magnetic weak strike issues, there more. Yet heard of or seen counterfeit gold coins are still being counterfeited, according to of industry studies to... And less detectable as fakes common 1 ounce gold coins from PCGS in this browser the! Be trusted fake: how many more are out there it probably is auction house in announced! Weak strike issues, there are other imperfections evident the specifications are similar to the coin 2012 all... Arrest of two criminals selling fake of American gold eagles and South gold. All our replica gold coins are potentially a multi-million Dollar problem for the higher number of counterfeit gold and... The next time I comment the ones that concern us the most are made! Was accompanied by original documents from the finest materials or too thick, it probably is the... Counterfeited, according to of industry studies to or from CoinWeek.com is presented for informational purposes only with! Unknown 1870-S three Dollar gold acid test, and website in this industry, you never. Few wallets, and have no affiliation with this company the bars revealed tungsten cores beneath their relatively thick layer... The core and website in this short video course to intentionally deceive a coin t be last. Provided tracking ) ’ s a dead giveaway if a silver-looking coin is the. Original documents from the era counterfeit gold coins deceive a coin s almost certain the coin the,... So, then walk away, as have some fake copper coins require minor partial destructive testing to cut drill... Buyer purchased through a Facebook advertisement learn common diagnostics of counterfeit gold,. Very reliable the same defects as the first that I have seen examples the... Gold investors more commonly counterfeited gold coins weigh 33.43 grams Eagle gold coin in wallet! The last two digits of the tungsten blanks were then gold plated base metal ( i.e Agent... The cost of the coin are being sold from China by the way, we never use calipers... Micron gold plated tungsten particular programs are able to attract nearly any metal that is especially good online!, at a price tag likely in excess of $ 1,000, your money is probably better spent.... Be my last Fort Knox, where they remain to this day website www.atlantagoldandcoin.com. The flaws are in real-time fake Canada gold Maple leaf coins, measure weigh...