They passed the magnet test. You've been subscribed to the NGC eNewsletter. Alert members of the PCGS Message Boards were the first to notify PCGS of the counterfeit coins/holders. FIVE WAYS TO SPOT A FAKE COIN. Can you find others. Your message has been sent to NGC. 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. 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. 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. As was the case with her toes, the fingers are also way too sharp on the torch. I have a fake and a real one side by side, including rims. Miss Liberty looks more like a zombie with her face on the counterfeit. We will concentrate on simple. All of the counterfeit coins/holders seen so far are coming out of China. Gold American Eagle Coin for sale on the Internet at wholesale price *** 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. I am looking for tips on how to detect fake ASE and AGE coins. Red circles compare some of the repeating features identified on the reverses of these counterfeit coins. The magnet would reveal the underlying metal. All counterfeit. Her late husband purchased 30 of them. Observing the Gold Weigh the gold. Sounds like gold, too compared to the known real one. There are similarities and differences in the reasoning behind the counterfeiting of all these coins, particularly the US gold quarter eagle coins. They pass the ring test. Click here. NGC recently received a coin that was purportedly a 2014-W Proof Gold Eagle. It’s well known to collectors that most Nineteenth and Twentieth Century US gold coins available to collectors today have “come back” from Europe. Hi everyone, Im concerned my 5 x 1oz Gold eagles could be fake I inherited these from my mother. Silver is one of the best conductors of thermal energy found … 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. Although it is thicker than a legitimate specimen, it is lighter too. It is also vital that you know what a genuine coin should look like. 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. The bottoms of the windows also flow into the fields much more smoothly on the genuine coin, while they simply abruptly stop on the fake. They are among the most appealing US gold coins available in the marketplace. When both coins were examined side-by-side, an exciting discovery was made: they were struck from the same reverse die! Ping Test. 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). Many collectors might assume that modern coins are not counterfeited and they, therefore, take little time to examine such a coin. A careful examination of the finer details reveals numerous differences. Starting in the late 1970s and continuing to this day, a great “repatriation” has occurred. 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 24.2 percent, and the Mexican gold 50-pesos at 20.1 percent. Please refresh the page to confirm that you are signed in and then try again. One issue that should be pointed out on the reverse, however, is that somehow the birds in the nest have been magically transformed by the counterfeiter into pigeons instead of eagles. Altered and Doctored Coins – These are coins that have been altered or tampered with. This counterfeit was likely struck from false dies created completely from scratch using a genuine coin as a model. Join NGC for free to add coins, track your collection and participate in the NGC Registry. Discuss on the NGC Chat Boards. Want news like this delivered to your inbox once a month? They are old fakes, probably unknown by their previous owners. To graders, who see many dozens of these coins every day, this is an obvious tell, allowing them to identify counterfeit coins quickly and at arm’s length. Will be heavier than it looks discussion in 'Bullion Investing ' started julius. Pronounced on the genuine coin should look like high-level of surface quality.! Ngc recently received a coin 40 % of all counterfeit gold coins, he.... Sat untouched since the 1940s sat untouched since the 1940s buy or sell coins or Numismatic material no... Time to examine and grade coins genuine gold will immediately sink to the Capitol, are... Is simply gold in appearance New Member similar characteristics and was similarly set aside further! 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