Post By cyberdan
Jun 04, 2012, 02:43 AM
Jun 04, 2012, 12:58 PM
I was going to suggest checking with a magnet but you beat me to it. Whenever I go to swapmeets I see larger Chinese and Mexican silver looking coins. They want a lot untill I pull out my magnet and check. The price goes down real fast. I collect counterfeit but have not seen any outstanding fakes at swapmeets.
Jun 04, 2012, 06:09 PM
I've seen some outstanding fakes at the meatmarkets.
Jun 05, 2012, 01:18 PM
I once saw a small pile of U.S. silver $$ at swap meet. I picked one up and could tell by the feel it was fake. The edge felt rough. I secretly did the magnet test and it failed. I told the seller they were fake and he instantly started an argument that he only sells real coins. I walked away and glanced back when two booths down. He was looking at all his $$ with a magnifying glass. I bet he actually thought they were real when he bought them. Now he knows he was duped.
Jun 05, 2012, 01:41 PM
These weren't even from a coin guy. I just asked around for coins and he rummaged through some junk in the back of his truck and pulled them out.
The second-to-last coin pictured is a fake of an extremely rare coin. I've done some more looking into the three on the top row and I can't tell yet. If they're modern fakes (they were all widely counterfeited at the time they were in circulation) then they're damn good.
Jun 05, 2012, 02:09 PM
My personal rule of thumb is "Do Not Buy And Investigate Later"...
I've seen too many people on TN that have bought items (including coins) only to find later that they are fakes...Often see someone post saying I bought this for $12 bucks...How did I do?...and as often the reply is that they have been screwed...
It's better to kick yourself for not buying than to buy and find you've been duped...
Using a magnet only helps if the coin is made of steel...and not copper, brass, silver or gold...
Probably the best advice is to be a wise and knowledgable shopper...
Last edited by stefen; Jun 05, 2012 at 02:14 PM.
The more one learns the more he understands his ignorance. I am simply an ignor ant man trying to lessen his ignorance
Those with the most birthdays live the longest
Jun 05, 2012, 02:51 PM
I knew I was taking a gamble. If they turn out to be fake, or at least not silver, then yeah, it'll be a bummer. But at $25 it's not going to break the bank and at least I'll learn something from it.
Jun 06, 2012, 12:08 PM
Do you mean like these?
Originally Posted by OldSowBreath
Jun 06, 2012, 06:47 PM
Jun 06, 2012, 07:40 PM
I can only see 2 points?
Originally Posted by JustMidge
Jun 07, 2012, 02:22 PM
Don't forget weight, if you can find out what the coins should weigh. I bought a Morgan dollar on ebay and luckily I received a Peace dollar on the same day because when I had them in my hands, I noticed the Morgan dollar seemed a little lighter. I looked at it more closely and noticed it had some sharp edges in weird place and some of the reeding overlapped. I looked up fakes online and it mentioned how much they should weigh. I threw it on my trusty triple beam balance and sure enough, it was 10 grams short of what it should be. I'm thinking it was silver plated as the coin did look to be silver. Luckily I was able to get a refund.
Originally Posted by stefen
Weight is not a guarantee though because apparently they counterfeit rare, espensive coins using 90% silver just like the real thing. Just another way of checking
Jun 07, 2012, 07:53 PM
That is what I was just thinking.
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