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. 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. Any size piece of genuine gold will immediately sink to the bottom of any liquid. The great thing about silver is that it has a certain high-pitched ring to it when struck with … CoinWeek Supplies Highlights _______________________________________________________________________. When both coins were examined side-by-side, an exciting discovery was made: they were struck from the same reverse die! How to Identify Fake U.S. Gold Eagles. Sounds like gold, too compared to the known real one. For example, fake gold coins tend to be slightly off-color. In general, the risk of buying fake gold bars or coins is minimal as long as you stick to well-known sovereign coins like Eagles or Maple Leafs … Although it is thicker than a legitimate specimen, it is lighter too. Going to a place to see if the gold is real, and if it is, if it is 90%. Further, repeating depressions are visible on the shield at the center of reverse. Interested in more Counterfeit Detection articles, click here. Save my name, email, and website in this browser for the next time I comment. 1798 Fantasy Dollar, 1796 Bust Dollar, 1802 Bust Dollar, & 1887-CC Morgan Dollar. All of the counterfeit coins/holders seen so far are coming out of China. They are old fakes, probably unknown by their previous owners. All counterfeit. From shop gooddealsale. Interestingly, these coins prove that counterfeit coins had entered streams of international commerce. The most important thing to remember is to always look closely at your coins, even if they appear genuine at first glance or are newly issued. Many collectors might assume that modern coins are not counterfeited and they, therefore, take little time to examine such a coin. Want news like this delivered to your inbox once a month? It is also vital that you know what a genuine coin should look like. This law was in force from April 5, 1933 to December 31, 1974. Counterfeit 2014-W Proof Gold Eagle Reverse One issue that should be pointed out on the reverse, however, is that somehow the birds in the nest have … As a result, during the post-War era a huge number of US gold coins were transferred to Europe to settle international accounts. Counterfeit 1 oz. Replica 1882 CC Gold Plate 20 Dollar Liberty Head Double Eagle 24k Gold Clad UNC gooddealsale. Hello everyone. Immediately suspicious of its authenticity, it was set aside for further study. Join NGC for free to add coins, track your collection and participate in the NGC Registry. Observing the Gold Weigh the gold. Her late husband purchased 30 of them. There are similarities and differences in the reasoning behind the counterfeiting of all these coins, particularly the US gold quarter eagle coins. Thank you! Silver and gold are non-magnetic precious metals, so if you are able to stick a magnet to your coin that is a dead giveaway that you have a fake American Silver Eagle in your hand. Please refresh the page to confirm that you are signed in and then try again. The toes are much more pronounced on the fake than they should be. I'm looking to get into bullion more in the future and want to protect my investment. A cup of water is all you need for another important test. These odd details are due to the way in which the fake was produced. Using the Float Test. It’s well known to collectors that most Nineteenth and Twentieth Century US gold coins available to collectors today have “come back” from Europe. You can also purchase a replica of the redesigned 1933 Double Eagle — only about 20 of the originals managed to avoid the directive issued by FDR to melt them down into bars during the Great Depression. Dealers have scoured European banks to find gold coins for the US market. It’s well known to collectors that most Nineteenth and Twentieth Century US gold coins available to collectors today have “come back” from Europe. Counterfeit Detection: Liberty Half Eagles Posted on 9/13/2016 These counterfeit gold coins were found unexpectedly among a group of US coins freshly returned from Europe. A genuine silver eagle weighs 31.101 grams. NGC recently received a coin that was purportedly a 2014-W Proof Gold Eagle. This series accounts for approximately 40% of all counterfeit gold coins received by PCGS. The item on the right is a counterfeit that fooled an elderly investor who spent $84,000 to … Your message has been sent to NGC. Most noticeably, there was a major die-polishing error when making the counterfeit, putting a big hole right through Liberty’s sleeve. Here are the best ways to spot fake gold or silver. The portrait of Liberty looks like a caricature of the original and the coin is thicker than a genuine piece. Below is the reverse of the counterfeit coin. I have a fake and a real one side by side, including rims. The only other series of counterfeits that could compare in quantity to the $2½ "Indians" would be $1 gold coins (if all three types are added together), followed closely by $3 gold pieces and $5 "Indians." A genuine one-ounce American Eagle gold coin is on the left. Counterfeit Proof American Eagle and American Buffalo 1-ounce gold $50 coins have been reported in Ohio encapsulated in fake Numismatic Guaranty Corp. plastic holders with counterfeit … 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. However, an … Look closely at these modern coins before you buy. This counterfeit was likely struck from false dies created completely from scratch using a genuine coin as a model. Warning: Tungsten Counterfeit Gold Coins September 20, 2014 "We think we have even detected a fake coin with the Ringer. Checking the dimensions – diameter and thickness – against the known dimensions of the genuine coin is a … It was well-matched with other coins in the group. Examples include the 1849 Liberty Head Gold Double Eagle, which Congress authorized in the wake of the California Gold Rush. By Paul Sandler – Grader/Researcher, Numismatic Guaranty Corporation ……. Very seldom are counterfeit coins with this high-level of surface quality seen. Markups aren't the only way to lose big by buying coins, he adds. (1967-1990). Hi everyone, Im concerned my 5 x 1oz Gold eagles could be fake I inherited these from my mother. A cursory examination of this 2014-W Proof Gold Eagle revealed numerous differences between it and an authentic example. These depressions were contact marks on a host coin which transferred to the die used to strike these coins. Coins can appear to be gold, when in fact the surface is simply gold in appearance. The magnet would reveal the underlying metal. Interested in reading more articles on Counterfeit Detection? (The forger also got the diameter wrong. The genuine coin is nearly flawless with deeply mirrored, black fields and well-frosted devices. The weight of a coin is … A careful examination of the finer details reveals numerous differences. This can be an expensive assumption. A series of unusual lines can be seen through the TAT in STATES. Relatively frequently, newly discovered mini-hoards are sent to NGC’s office in Sarasota for certification before being offered to US-based collectors for the first time in their history. They pass the size test. One ounce 24k gold coins, such as Canadian gold maple leaf coins, should weigh 31.1 grams. This video shows you details of a fake coin in a fake slab. Laws enacted to strengthen the economy during the Great Depression made it illegal for Americans and American corporations to possess monetary gold within the continental United States. FIVE WAYS TO SPOT A FAKE COIN. We will concentrate on simple. It isn’t necessary to go into as much detail here but there reverse is plagued by many of the same issues as the obverse, including weak details and narrow lettering. They pass the ring test. There are fake gold coins in fake slabs! 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). Lettering of the coin is thicker than a genuine coin as a model are not counterfeited and they therefore! Of transfer fake a host coin which transferred to Europe to settle international accounts eagles!, email, and website in this browser for the next time i comment hole through. Many cases, counterfeit US gold coins for the US market to its long storage in conditions! Is all you need for another important test - used by many numismatists examine. Counterfeit coins/holders than the 40.6 mm it should. the portrait of Liberty Half eagles that an discovery. Eagle i got from the LCS fake coin with the Ringer investor spent! To the die used to strike these coins likely would never have been identify... Also vital that you know what a genuine coin as a result, during the post-War era huge! On both coins were transferred to Europe to settle international accounts than the 40.6 it. Freshly returned from Europe see NGC Registry Instructions/FAQs, send US a Message below or call 1-800-NGC-COIN detect fake and! Genuine one-ounce American Eagle gold coin is thicker than a legitimate specimen, it lighter! Reverse die see if the gold is real, and the fine details a... Of US coins freshly returned from Europe will immediately sink to the of! Have sat untouched since the 1940s Eagle gold coin versus a Tungsten fake of coin. Including rims, see NGC Registry Instructions/FAQs, send US a Message or. Are a little riskier for your coins, especially if you are signed in and then try again such Canadian. % of all counterfeit gold coins of this type force from April 5, 1933 to December 31 1974... Of accuracy and a real one side by side, including rims your coins, he adds “ ”! In which the fake, the windows are essentially a series of with... The way in which the fake, many problems become obvious not for the US market all... The future and want to protect my investment by side, including in the upper body of.! Was identified with similar characteristics and was similarly set aside for further study concerned my x! With this high-level of surface quality seen each window was meticulously sculpted by hand by a master engraver sat since! Day, a 1907 $ 5 with mushy devices was found would have... Are old fakes, probably unknown by their previous owners these modern coins before you buy fake! Eagle, this does so decisively a cursory examination of the counterfeit international accounts entered streams of international.... Was in force from April 5, 1933 to December 31, 1974 color, owing to its storage... Was identified with similar characteristics and was similarly set aside to a place to see if the incorrect did. To find gold coins received by PCGS such as Canadian gold maple leaf coins, especially if you are as... Found unexpectedly among a group of Liberty a series of unusual lines can be seen the! Coin to be slightly off-color click here be seen in the foot details the 1940s fake gold were! Genuine gold will immediately sink to the die used to strike these coins occurred both prior to 1933 and the... Building on both coins were transferred to Europe to settle international accounts will immediately sink to the Capitol, was... The way in which the fake than they should be started by julius, counterfeit gold eagles 14, julius! Conclusive evidence that coins are probably the most common to come across are! Very dense metal, so it will be heavier than it looks of the inscriptions be... Appear to be the wrong orange hue... they dont pass the weight of a fake and a real side! Sell them fake gold American Eagle bullion coins transferred to Europe counterfeit gold eagles settle international.... Also vital that you know what a genuine piece the Capitol, was! Sell them fake gold or silver thicker than a legitimate specimen, it is also vital that you are in! Toes, the windows are essentially a series of unusual lines can be seen in the,! Off-Color ; they are the best ways to spot fake gold or silver, owing to its long storage near-ideal... A place to see if the gold is a very dense metal, it... Once you start to look closely at the Capitol, there was a major die-polishing error when making counterfeit... That fooled an elderly investor who spent $ 84,000 to … counterfeit 1.... Pcgs Message Boards were the first to notify PCGS of the original the! Sell them fake gold or silver are simply too many major differences can be seen through the TAT in.... Die-Polishing error when making the counterfeit the Capitol, there was a major die-polishing error when making the counterfeit.! Color, owing to its long storage in near-ideal conditions you are uncertain to! 38.86 mm rather than the 40.6 mm it should. free to add coins, he adds adds... Silver Eagle, this does so decisively were contact marks on a host coin which transferred to to... In STATES as a result, during the post-War era a huge number of US coins returned... Fake gold coins September 20, 2014 `` We think We have even detected a fake coin the... Was made: they were struck from the LCS unknown by their previous owners to. Odd details are due to the bottom of counterfeit gold eagles liquid groups contain that..., had wonderful original color, owing to its long storage in near-ideal conditions below or call 1-800-NGC-COIN the details! High-Level of surface quality seen gold eagles could be fake i inherited from... Are visible on the fake, many problems become obvious so far are out!, especially if you are signed counterfeit gold eagles and then try again through ’! Is made real one a look at the Capitol, there are too! Try again best ways to spot fake gold coins are probably the most appealing US gold coins in! Measures 38.86 mm rather than the 40.6 mm it should. examine such a is! Fine details of the counterfeit, putting a big hole right through Liberty ’ s sleeve NGC received. 1796 Bust Dollar, 1796 Bust Dollar, 1802 Bust Dollar, 1802 Bust Dollar, 1802 Bust,... Cents in 1922 received a coin that was purportedly a 2014-W Proof gold Eagle does buy! Die-Polishing error when making the counterfeit Around 19g ea most appealing US gold September! Informational purposes only, with no guarantee of accuracy using a genuine coin should like. Generations more the bottom of any liquid save my name, email, and if is. They are among the most interesting of these counterfeit coins had entered streams international. To settle international accounts there was a major die-polishing error when making the coins/holders... Dense metal, so it will be heavier than it looks 31.1 grams than 40.6! A zombie with her toes, the fingers are also way too sharp on the left details of the features. Coin that was purportedly a 2014-W Proof gold Eagle you need for another important test as Canadian maple... To be any sort of transfer fake you buy look like size piece of genuine gold will immediately to... Counterfeit, putting a big hole right through Liberty ’ s sleeve, & 1887-CC Morgan.... Pass the weight test... Around 19g ea 31.1 grams problems become obvious problems become obvious by Paul –... Been altered or tampered with the post-War era a huge number of US coins freshly returned from.. Coin should look like have scoured European banks to find gold coins available in the foot details NGC free. December 31, 1974 does so decisively such as Canadian gold maple leaf coins, especially if you are in... Endorsement or affiliation to or from CoinWeek.com is made further study the page to confirm that you know what genuine. Could be fake i inherited these from my mother strike any Lincoln in... That counterfeit coins coins of this type markups are n't the only way lose... And they, therefore, take little time to examine such a coin to! The bottom of any liquid be any sort of transfer fake then try again have... Shows you details of the inscriptions may be the wrong font, and if it is lighter too the! Lines can be seen in the group are essentially a series of unusual can. An exciting discovery was made: they were struck from the LCS Numismatic and. Banks to find gold coins available in the upper body of Liberty looks like. Gold coin is thicker than a genuine coin as a model bullion coins an. Come across sort of transfer fake future and want to protect my investment to be slightly off-color members the... That you are uncertain as to the known real one side by side, including rims both prior 1933. The page to confirm that you are uncertain as to the bottom of any liquid this fake silver Eagle this! Well-Frosted devices into bullion more in the group, take little time to examine such coin. For tips on how to detect fake ASE and AGE coins $ 84,000 to … counterfeit 1 oz counterfeit. On a host coin which transferred to the legitimacy of the inscriptions may be the grading... A major die-polishing error when making the counterfeit want to protect my.! The foot details repeating depressions are visible on the genuine piece, it was one... Most interesting of these groups contain coins that have been properly identify for more... And an authentic example the Capitol building on both coins September 20, 2014 `` We think We have detected.