The weight of a coin is … Both lost over $200 with the shipping costs. ALL FAKE. This is either egregious oversight or a complete lack of intelligence, but any seasoned coin collector or investor likely already knows this is impossible. Gold? One small droplet of bleach will tell you immediately if you have a real or fake product. american, eagles, fake, flooding, here, media, silver, social, test. In many cases, the counterfeits have a smaller diameter. Some fakes also have date marks that shouldn’t be there. The American Eagle Silver Bullion coin program is also warning investors and coin collectors of the rampant piracy of the Silver Eagle Coins. U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. Look for the "Sterling" sign imprinted on the silver's surface. Other tests are a little riskier for your coins, especially if you are uncertain as to the legitimacy of the coin in questions. The coins were shipped from China to California to New Jersey to my office. The original 5oz .999 pure silver coin has … Page 1 of 2 1 2 Next > manny9655 Well-Known Member. 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). I am so glad I read your scam alert before ordering any of these coins. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. Silver Eagles can often sell for less than $2.50 over the spot silver price. 1-ounce American Eagle silver bullion coins on eBay. 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. 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. I ordered two coins to confirm my suspicion. It is one troy ounce of 99.9% pure silver. Here is a link to their website if it will make it past mediation: In any economy with any product, once a particular item reaches maximum popularity and demand, there are bound to be knockoffs. Counterfeit silver items resemble real silver items a … DO NOT BUY CHEAP EAGLES FROM RANDOM WEBSITES! As with all elemental silver, it is nearly infinitely ductile and reworkable. Some fakes also have date marks that shouldn’t be there. That must be where the fakes are made. Discussion in 'Coin Chat' started by carly, Aug 22, 2019. 50% OFF Look at what Farcebook is allowing now. Without them I would probably be out some $’s. They are going around Toronto, Canada, and I wanted to get the word out to all of you, to give some warning. 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 die on the right is the reverse of a British silver crown dated 1899. IF YOU CANNOT IDENTIFY THE DEALER, THEIR EXACT LOCATION, AND THEIR BUSINESS STATUS, THEN DO NOT BUY THEIR COINS! Back when I was vest-pocket dealing, I bought several fake US $20 double eagles. All sterling made in the United States since the 1850s has a sterling mark. John Burgess Well-Known Member. The typical weight of a Silver Eagle is around 31.2g. It’s been reported that few counterfeit American Silver Eagle coins originating in China have been produced with date marks going as far back as 1906. 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. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. ANACS recently received a small group of fake … The American Silver Eagle is the official silver bullion coin of the United States. FWIW, it seems to be a coordinated scam. Again though, these coins haven’t even been released, which means you wouldn’t see any legitimate versions of this coin yet. The turn of the century brought a change in the production of American Silver Eagle coins. Thanks to you, SCOTT, for your blog and your scam alert!! Enter your email address and we will send you a link to reset your password. We proudly carry only legitimate American Silver Eagle coins direct from the United States Mint, or from the grading houses at the NGC or Professional Coin Grading Service. $9.98 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. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. Fake U.S. silver American Eagles are becoming more and more common lately, with many of the counterfeits originating in China. Silver Eagle proofs are a bit different. 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 … These proof coins are struck multiple times giving the coin a very shiny luster. I ordered the coins on June 4, the day I posted the article. You should always buy from a reputable dealer and a certified refiner. It is one troy ounce of 99.9% pure silver. Start, by purchasing the silver acid test kit. Silver Eagles can often sell for less than $2.50 over the spot silver price. Found out, after buying one, that these are fake copies of the original coins. You should always buy from a reputable dealer and a certified refiner. That’s the only advice I have. The question you should ask yourself now is, “how can I spot the fakes?”. A lot of fake American Silver Eagle coins have larger rims and edges. THE COINS ARE COUNTERFEIT! Author: admin February 29, 2020. Counterfeit 2011 American Eagle silver bullion coins have been appearing in the market in Canada. That's an … CBS news reported a few years ago that.a man in this country was cheated out of $84,000 on Chinese fakes. When the coins arrived, I opened the package and started to examine the contents. I prefer the coins because they can hold collectors value also. If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. Rather, it is privately minted by the SilverTowne Mint to honor what many people believe to be the most recognized coin in the world. Well yes. Circulated fake Silver American Eagle coins from China are invading the United States coin collecting market. You need look no further than the bottom of our homepage to see that we’re an authorized dealer. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. ALL FAKE. My first impression was that there are almost no rims on the coin. They spent $19.95 per coin. 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. US junk silver is not faked by anybody; hard to make any profit at it. The Best Fake Silver Eagles I’ve Ever Seen. 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. I left a very public message on Twitter. Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. Buy from a reputable source, or work with a very-knowledgeable person who'd been "in the business" for many years. 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. It is missing the tail on the right side of the U. I did not need to see any more to be convinced this was a fake coin. 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. 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. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … Since my scale only measures grams to the tenths of ounces, it should have weighed 31.1 grams. The Coin Collectors Handbook: American Eagle Coins, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Skype (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window). The current spot price of silver is $17.84. Otherwise, you may want to check the company further. Silver Eagles are known for their metal purity and high production quality. 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. FAKES! $19.99 And, they contain about 25 to 45 ounces of silver, so the bars are not a total loss. The US Mint produced 5.3 million silver Eagles in the first year. US $0.03-$0.04 / Piece 1 Piece (Min. By continuing using this site, you agree to the use of cookies. Agatha Christie’s famous detective Hercule Poirot has a saying that applies here. Fake Silver Eagles Are Flooding Social Media Here S How To Test Your American Silver Eagles. Buy Five Ounce Silver Eagle Replica Rounds Online. Silver has taken many forms, even as everyday objects. He says “assume nothing.”. These US mint coins for sale, have become the most popular coin in the world. Proof Coins. Diameter: All American Silver Eagle coins, regardless of date mark, have the same diameter. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … Acid Test. 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. What is the American Silver Eagle? This means the Philadelphia Emergency Production Silver Eagles are all that much rarer and more valuable for coin collections. The U.S. Mint produces the American Silver Eagle, and it is legal tender with a face value of 1 dollar. Then I turned the coin over to focus on the U in United. The American Silver Eagle is no exception to this fundamental of economics. Notice the high quality of these dies for making fake silver crown-sized coins. Fake Counterfeit American Silver Eagle Coin Eye On Stuff. I prefer the coins because they can hold collectors value also. Page 1 of 2 1 2 Next > manny9655 Well-Known Member. U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. More to come. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. However, they are not as prevelant as one might imagine. Two counterfeit American Silver Eagles purchased from LIACOO, a company based in China. Each coin boasts two American Eagles in flight on the obverse, with the words “American Double Eagle”. The fact that it is “light” while the “right size” means that it has the wrong specific gravity, hence, not silver. 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. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. However, they are not as prevelant as one might imagine. DO NOT BUT FROM THEM! But this can be disadvantageous as well with the proliferation of fake silver items. For the untrained eye, distinguishing real from fake silver can be very confusing and misleading. Add to that the fact that China has some of the world’s worst sweatshops. It is not a friendly country. Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. At a specific gravity of about 8.43, the best candidates for what is in there are various alloy in the brass family, including “Muntz metal”. If you have a known, legitimate coin and receive one you believe is fake, compare the alleged counterfeit’s diameter to that of your real coin. The Chinese website says they are brass with silver plating. If the incorrect date didn't already condemn this fake silver eagle, this does so decisively. Apparently these guys are going by various names. That would explain things. The result of this effort is a variety of flaws that you can catch with a keen eye. It was first released by the United States Mint on November 24, 1986. It’s the same company or they are all sharing the same code base for their websites. 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. It was first released by the United States Mint on November 24, 1986. For example, there are counterfeit Silver Eagles from China that bear date marks prior to the actual coin’s introduction in 1986. 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. What is the American Silver Eagle? Found out, after buying one, that these are fake copies of the original coins. However, the 2016 American Silver Eagle 30th Anniversary coins will not have the reeded edge on the proof and uncirculated versions. Acid Test. It is a company based in China. And, they contain about 25 to 45 ounces of silver, so the bars are not a total loss. How it works: even though silver is non-magnetic it has a property known as diamagnetism. Silver prices being low, prompted me to invest more heavily into buying silver. This round is minted using 5 troy ounces of .999 fine silver. I will have another post up by Friday with the results of my investigation. For example, there are counterfeit Silver Eagles from China that bear date marks prior to the actual coin’s introduction in 1986. If you’d like to talk more you can contact me at . The U.S. Mint produces the American Silver Eagle, and it is legal tender with a face value of 1 dollar. The fake one is on top, and the real one underneath. Earlier this week, another dealer gave me one of these 2011 fake silver eagles. Proof coins, because they are considered to be more collectible, carry significantly higher premiums than uncirculated silver eagles. Bullion has been smelted and purified to about 99% purity or greater, and it is measured by weight. Look at what Farcebook is allowing now. All of the coins are coming out of Guangdong, China even when the sites are registered in other countries. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. I ordered the coins on June 4, the day I posted the article. An American Silver Eagle is supposed to weigh just slightly more than one troy ounce because it is only .999 silver. having a date of 1906, before the silver eagles … The thicker the plating is, the more “ordinary” the brass alloy may be. 2020010998 Air-tite 40mm Black Ring Coin Holder Capsules for American Silver Eagles & 1oz China Silver Panda Sterling . 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