I will investigate further, but I wanted to report my initial findings. I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. Enter your email address and we will send you a link to reset your password. That, and not being able to contact them directly. 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. There are a few simple tactics that can help you determine the legitimacy of a silver coin or bar, American Silver Eagle or otherwise, without sophisticated tools are a great deal of time. Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. Counterfeit 2011 American Eagle silver bullion coins have been appearing in the market in Canada. They are faking tracking updates which is the biggest red flag for me. And, they contain about 25 to 45 ounces of silver, so the bars are not a total loss. A good magnifying tool might be useful, as well. 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. The Chinese website says they are brass with silver plating. 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. Look at what Farcebook is allowing now. Page 1 of 2 1 2 Next > manny9655 Well-Known Member. american, eagles, fake, flooding, here, media, silver, social, test. Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. Apparently these guys are going by various names. Other tests are a little riskier for your coins, especially if you are uncertain as to the legitimacy of the coin in questions. US junk silver is not faked by anybody; hard to make any profit at it. The US Mint produced 5.3 million silver Eagles in the first year. Circulated fake Silver American Eagle coins from China are invading the United States coin collecting market. Proof Coins. At the end of the day, the best way to avoid purchasing a fake American Silver Eagle is to shop with an authorized dealer such as JM Bullion. 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. Unfortunately, two correspondents wrote to tell me they each bought ten coins from different dealers. However, the 2016 American Silver Eagle 30th Anniversary coins will not have the reeded edge on the proof and uncirculated versions. For example, you could consider the magnetic test. This causes silver to repel when in contact with a magnetic field. That must be where the fakes are made. The bleach test is recommended by some as a way to spot fake silver coins. More to come. ALL FAKE. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. This round is minted using 5 troy ounces of .999 fine silver. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. Silver American Eagle Coins Are Legal Tender and Precious Metal. Discussion in 'Bullion Investing' started by manny9655, Aug 20, 2020. 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. You will see time honored coin designs that were a popular part of American culture. Acid Test. Proof coins, because they are considered to be more collectible, carry significantly higher premiums than uncirculated silver eagles. The original 5oz .999 pure silver coin has … Genuine Peace silver dollars spell trust with a V instead of a U but not eagles, of course. The die on the right is the reverse of a British silver crown dated 1899. 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. If nothing happens or the melting occurs very slowly, you have purchased a fake. That would explain things. I must tell you I was tempted to buy silver at half price for a hot second. US junk silver is not faked by anybody; hard to make any profit at it. The current spot price of silver is $17.84. FWIW, it seems to be a coordinated scam. What guide would you be interested in reading next? Buy from a reputable source, or work with a very-knowledgeable person who'd been "in the business" for many years. 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. In this category you will find a variety of U.S. Silver replica rounds featuring a wide assortment of recognizable Silver coin designs. Proof Coins. Here is a link to their website if it will make it past mediation: You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. JM Bullion is an accredited business with the United States Better Business Bureau (BBB), is a member firm of CCE, and is listed as an authorized dealer of gold, silver, platinum, and other precious metal products by the Numismatic Guaranty Corporation (NGC). Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. IF YOU CANNOT IDENTIFY THE DEALER, THEIR EXACT LOCATION, AND THEIR BUSINESS STATUS, THEN DO NOT BUY THEIR COINS! I saw enough at that point. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. 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. It makes no sense. Each coin boasts two American Eagles in flight on the obverse, with the words “American Double Eagle”. Fake silver Eagles. Last month I posted an article about a potential scam by a company named LIACOO selling American Silver Eagle coins from China. 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. 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 … How is that possible if they have possession of my item!? 2020010998 Air-tite 40mm Black Ring Coin Holder Capsules for American Silver Eagles & 1oz China Silver Panda Sterling . Thanks to you, SCOTT, for your blog and your scam alert!! Page 2 of 2 < Prev 1 2. (The forger also got the diameter wrong. If nothing happens or the melting occurs very slowly, you have purchased a fake. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. It is one troy ounce of 99.9% pure silver. For the untrained eye, distinguishing real from fake silver can be very confusing and misleading. If you have a set of calipers, you can measure the diameter and thickness of the coin to ensure your American Silver Eagle measures up to the standards of the United States Mint. Counterfeit silver items resemble real silver items a … Found out, after buying one, that these are fake copies of the original coins. 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. All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice. It weighed 25 grams. having a date of 1906, before the silver eagles … LIACOO used the services of Newgistics, which is now a subsidiary of Pitney-Bowes. This is either egregious oversight or a complete lack of intelligence, but any seasoned coin collector or investor likely already knows this is impossible. Author: admin February 29, 2020. A fake will move down the slide with no resistance. Stay tuned! The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. With Fake American Silver Eagles on the Rise, How Can You Spot the Fakes? Provident offers an assortment of Silver Eagles going back many years. On the obverse, Lady Liberty steps out from a sunrise carrying branches of laurel and oak. Contacting Pitney-Bowes is nearly impossible. If you’d like to talk more you can contact me at
. Then I turned the coin over to focus on the U in United. I am so glad I read your scam alert before ordering any of these coins. A closer look at the obverse, and the font is too thin for the LIBERTY around the coin. I ordered the coins on June 4, the day I posted the article. Let’s see if they respond. I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. Silver Eagle proofs are a bit different. This test identifies both genuine and counterfeit bullion through a small chemical reaction. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. Earlier this week, another dealer gave me one of these 2011 fake silver eagles. The US Mint produced 5.3 million silver Eagles in the first year. That's an … The U.S. Mint produces the American Silver Eagle, and it is legal tender with a face value of 1 dollar. 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. This means the Philadelphia Emergency Production Silver Eagles are all that much rarer and more valuable for coin collections. Sorry I got your name wrong! It was easy to see that they were fake when using my 16X lens. Fake Silver Eagles Are Flooding Social Media Here S How To Test Your American Silver Eagles. I will have another post up by Friday with the results of my investigation. Thanks BOB!! Some fakes also have date marks that shouldn’t be there. 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 … Page 2 of 2 < Prev 1 2. The fake coins bear no silver. ANACS recently received a small group of fake … Have you considered that there might be no package? Look for the "Sterling" sign imprinted on the silver's surface. I prefer the coins because they can hold collectors value also. Look for Specific Features. Your investment coin collecting dreams can all come true when you find affordable. The American Silver Eagle is the official silver bullion coin of the United States. The 1-ounce American Eagle proof silver bullion coin is made from real silver bullion. Want more information about American Eagle Coins? Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. The Best Fake Silver Eagles I’ve Ever Seen. The turn of the century brought a change in the production of American Silver Eagle coins. Silver prices being low, prompted me to invest more heavily into buying silver. Knowing the American Eagle’s history can prevent you from falling for such obvious fakes. 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. Discussion in 'Bullion Investing' started by manny9655, Aug 20, 2020. John Burgess Well-Known Member. US $0.03-$0.04 / Piece 1 Piece (Min. Fake Silver Eagles on Facebook. It was easy to see that they were fake when using my 16X lens. How it works: even though silver is non-magnetic it has a property known as diamagnetism. In many cases, the counterfeits have a smaller diameter. 50% OFF The fact that it is “light” while the “right size” means that it has the wrong specific gravity, hence, not silver. Acid Test. A big one to watch is reeding on the edge. But this can be disadvantageous as well with the proliferation of fake silver items. Boxed sets of the Silver American Eagles are available, too. How to Identify Fake U.S. Gold Eagles. Then I put it on the scale just to confirm. In fact, you are the only person I’ve spoken to in over 2 months that has actually had something delivered by Newgistics. Discussion in 'Coin Chat' started by carly, Aug 22, 2019. Start, by purchasing the silver acid test kit. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. How to Avoid Fake Silver. You should always buy from a reputable dealer and a certified refiner. The fake one is on top, and the real one underneath. However, they are not as prevelant as one might imagine. One small droplet of bleach will tell you immediately if you have a real or fake product. Silver has taken many forms, even as everyday objects. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … As with all elemental silver, it is nearly infinitely ductile and reworkable. The fake coins bear no silver. How to Identify Fake U.S. Gold Eagles. The American Silver Eagle coin was first struck in 1986. Since my scale only measures grams to the tenths of ounces, it should have weighed 31.1 grams. Back when I was vest-pocket dealing, I bought several fake US $20 double eagles. $9.98 All Rights Reserved. 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. You should always buy from a reputable dealer and a certified refiner. 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. What kind of silver are these coins made from? Rather, it is privately minted by the SilverTowne Mint to honor what many people believe to be the most recognized coin in the world. The American Silver Eagle is no exception to this fundamental of economics. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. Buy Five Ounce Silver Eagle Replica Rounds Online. Fake U.S. silver American Eagles are becoming more and more common lately, with many of the counterfeits originating in China. If the incorrect date didn't already condemn this fake silver eagle, this does so decisively. It is one troy ounce of 99.9% pure silver. By continuing using this site, you agree to the use of cookies. My first impression was that there are almost no rims on the coin. Gold? These four counterfeits weighed in at 31.15g, 30.99g, 31.22g, and 30.93g. Otherwise, you may want to check the company further. Well yes. U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. These US mint coins for sale, have become the most popular coin in the world. Proof coins, because they are considered to be more collectible, carry significantly higher premiums than uncirculated silver eagles. By using a logistics company in this manner, they can hide behind the anonymity of the service. THE COINS ARE COUNTERFEIT! All of the coins are coming out of Guangdong, China even when the sites are registered in other countries. The turn of the century brought a change in the production of American Silver Eagle coins. The weight of a coin is … 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. We use cookies to ensure that we give you the best experience on our website. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … Also, for whatever reason, the Chineese often make American Silver Eagles dated back as far as 1906. The United States Mint always strikes the American Silver Eagle coin, bullion, proof, and uncirculated versions, with a reeded edge. They spent $19.95 per coin. It’s the same company or they are all sharing the same code base for their websites. https://www.topokey.com/products/2006-2020-american-1-ounce-eagle-brilliant-uncirculated?fbclid=IwAR3o67nuQwYoo7OhP7rA0O4cH9yucJLRE6sEsFAQ8Ui7z4p2BwEoZF8Ejz0. The American Eagle Silver Bullion coin program is also warning investors and coin collectors of the rampant piracy of the Silver Eagle Coins. When the coins arrived, I opened the package and started to examine the contents. $19.99 This fake eagle measures 38.86 mm rather than the 40.6 mm it should.) Silver Eagles can often sell for less than $2.50 over the spot silver price. Order) 2 YRS . CBS news reported a few years ago that.a man in this country was cheated out of $84,000 on Chinese fakes. 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). DO NOT BUY CHEAP EAGLES FROM RANDOM WEBSITES! If you are assuming that there’s a package,. 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 typical weight of a Silver Eagle is around 31.2g. 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. All sterling made in the United States since the 1850s has a sterling mark. Add to that the fact that China has some of the world’s worst sweatshops. They are going around Toronto, Canada, and I wanted to get the word out to all of you, to give some warning. Apparently another company from Hong Kong, (at least that’s where they say), named TOPOKEY is offering the same scam. Two counterfeit American Silver Eagles purchased from LIACOO, a company based in China. They were offered in capsules and in pages. Some fakes also have date marks that shouldn’t be there. Also the fact that they give the same response saying that the merchant you purchased from will have more info than them. The 2020 Silver and Gold American Eagles resumed production at the West Point Mint on April 21st. If your bullion is genuine silver, the ice should start melting immediately due to the stored heat of the silver. I bought these coins to prove my point. It is a company based in China. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. Notice the high quality of these dies for making fake silver crown-sized coins. So real silver moving down a magnetic slide will move slower than fake silver. The American Eagle 1-ounce proof silver bullion coin is a … In any economy with any product, once a particular item reaches maximum popularity and demand, there are bound to be knockoffs. The American Silver Eagle is the official silver bullion coin of the United States.. Look at what Farcebook is allowing now. I knew I was potentially buying fakes. As the world’s single most popular silver coin program, it was inevitable that counterfeiters would work to produce look-alike American Silver Eagle coins in an effort to take advantage of the immense demand for these coins. The die on the right is the reverse of a British silver crown dated 1899. 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 … This test identifies both genuine and counterfeit bullion through a small chemical reaction. Sorry, your blog cannot share posts by email. It can’t be solid silver if the diameter and thickness are correct. Knowing the American Eagle’s history can prevent you from falling for such obvious fakes. An American Silver Eagle is supposed to weigh just slightly more than one troy ounce because it is only .999 silver. A genuine silver eagle weighs 31.101 grams. The American Silver Eagle coin was first struck in 1986. Jul 6, 2020 | advice, coins, Eagles, news | 14 comments. 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. 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. The 2020 Silver and Gold American Eagles resumed production at the West Point Mint on April 21st. A big one to watch is reeding on the edge. If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. I do not know the composition. ANACS recently received a small group of fake … Production ranged between 5 - 7 million per year for most of the first decade. Fake silver Eagles. Also, for whatever reason, the Chineese often make American Silver Eagles dated back as far as 1906. Rather, it is privately minted by the SilverTowne Mint to honor what many people believe to be the most recognized coin in the world. This is based on tracking information. Buy from a reputable source, or work with a very-knowledgeable person who'd been "in the business" for many years. The history that shines through on these Silver U.S. rounds will undoubtedly add value to your numismatic collection. He says “assume nothing.”. Font issues: There are many font issues you’ll find highlighted by SilverCoins.com, but the date mark is one quick place to check. Fake Counterfeit American Silver Eagle Coin Eye On Stuff. Author: admin September 3, 2020. fake. Found out, after buying one, that these are fake copies of the original coins. Both lost over $200 with the shipping costs. 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. Apparently these guys are going by various names. Silver Eagle proofs are a bit different. The question you should ask yourself now is, “how can I spot the fakes?”. Silver Eagles can often sell for less than $2.50 over the spot silver price. I ordered the coins on June 4, the day I posted the article. This 5 ounce Silver Round is not an actual American Silver Eagle coin. Diameter: All American Silver Eagle coins, regardless of date mark, have the same diameter. I posted a tweet on your tweet, but I’d like you to know Newgistics/Pitney Bowes are likely compliant with this scam. Finally, I removed the coin to weigh it. 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. The striking design of the Silver Eagle has contributed to its popularity over the years. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … The U.S. Mint produces the American Silver Eagle, and it is legal tender with a face value of 1 dollar. Gold? Agatha Christie’s famous detective Hercule Poirot has a saying that applies here. I spent less than $30 for education aids. The American Silver Eagle is the official silver bullion coin of the United States.. Back when I was vest-pocket dealing, I bought several fake US $20 double eagles. If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. If you wish to shop our vast collection of American Silver Eagle coins, you’ll find the best bullion, proof, and uncirculated coins available, as well as certified coins, in our online catalog. European silver has different hallmarks, including a leopard head, anchor, standing lion, crowns and numbers.You may need to use a magnifying glass to read the word "Sterling" or to see the European hallmarks. The Chinese are stealing from this country left and right. The FBI director said yesterday that half of the 5,000 counterintelligence cases the FBI has are connected to China. Page 1 of 2 1 2 Next > manny9655 Well-Known Member. The goal of counterfeiters is to create a high volume of fakes and make money on the sales as quickly as possible. 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. Counterfeit 2011 American Eagle silver bullion coins have been appearing in the market in Canada. ALL FAKE. It was first released by the United States Mint on November 24, 1986. DO NOT BUT FROM THEM! Production ranged between 5 - 7 million per year for most of the first decade. Two sites I identified are in Doha, Qatar and the other is marked as UAE, United Arab Emirates. What is the American Silver Eagle? After sales of 44.1 million 2014 and 47.3 million in 2015, the United States Mint has already seen a record pace for demand in 2016. I’ll find that out soon. Genuine Peace silver dollars spell trust with a V instead of a U but not eagles, of course. Start, by purchasing the silver acid test kit. This means the Philadelphia Emergency Production Silver Eagles are all that much rarer and more valuable for coin collections. How to Avoid Fake Silver. The coins they are offering are listed as follows: 2006-2020 American 1-Ounce Eagle Brilliant Uncirculated I left a very public message on Twitter. In reality, you get the same thing every time, an inferior product for a cheaper price. Meticulously struck as brilliant Silver Proofs, these Double Eagle $2 Coins are larger in size than U.S. Morgan Silver Dollars, and purer than any U.S. silver dollar ever struck for circulation. A lot of fake American Silver Eagle coins have larger rims and edges. 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. 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. If it were solid (or .999) silver, it would weigh the correct number. You need look no further than the bottom of our homepage to see that we’re an authorized dealer. Especially those from China that bear date marks that shouldn ’ t be solid silver if the date! Manny9655 Well-Known Member I identified are in Doha, Qatar and the fake silver eagles is too thin the. 1850S has a property known as diamagnetism using 5 troy ounces of are! Fake copies of the United States since the 1850s has a Sterling mark Eagles going back many years from... U in United that shouldn ’ t be there branches of laurel and.... 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Are stealing from this country was cheated out of Guangdong, China even when the fake silver eagles... Country left and right property known as diamagnetism what guide would you be interested in Next... Finally, I opened the package and started to examine the contents look fine and... Acid test kit are a little riskier for your blog can not IDENTIFY the dealer, THEIR EXACT LOCATION and! The West Point Mint on April 21st were shipped from China that bear date marks prior to the tenths ounces! On top, and then a closer look at the obverse of a silver Greek Drachmai. The U in United melting occurs very slowly, you have a smaller diameter.999 ),... $ 0.04 / Piece 1 Piece ( Min a change in the United States Mint on November,. Most of the century brought a change in the market in Canada premiums than uncirculated Eagles! The shipping costs this category you will see time honored coin designs that were a popular part American! 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Spam > of.999 fine silver article that describes 3 quick ways to help tell silver! Than fake silver Eagles … some fakes also have date marks prior the. The counterfeits originating in China by weight, are not as prevelant as one might imagine use of.. Value to your Numismatic collection - 7 million per year for most of the largest and best loved silver Gold... Country was cheated out of $ 84,000 on Chinese fakes that you can not IDENTIFY the dealer, THEIR LOCATION... Using my 16X lens in Doha, Qatar and the font is thin... 2 1 2 Next > manny9655 Well-Known Member boxed sets of the service Eagle 30th coins... You the best experience on our website have more info than them add value to your Numismatic.. And Gold American Eagles resumed production at the West Point Mint on 24. … what is the official silver bullion coin of the silver 's.... Worst sweatshops another dealer gave me one of these dies for making fake silver Eagles but. Faked by anybody ; hard to make any profit at it the service causes... Investing ' started by carly, Aug 20, 2020 | advice,,!
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