It's the person that buys it from them who is hoping to sell it for a big profit. The Fake Pound Coin Database describes this as a “quite an obvious fake” due to its deep edge rim, overly large text and basic ‘blob’ like leaves. Struck Counterfeit Coins: A Family of Struck Fake Draped Bust Dollars. Remember the makers of them don't care, they're making a cheap product they sell very cheaply. While most counterfeit coins are easy to spot -- due to improper weight, color, even design details -- the truth is there are many good copies that have fooled some of the most seasoned coin collectors! The slightly gold colour of this coin reveals it to be a fake. How to Spot Fake Silver When it comes to determining the legitimacy of a silver coin or bar, your eye and your experience can be the best judge. ANCIENT COINS & MODERN FAKES How To Tell The Difference An Authentication Primer by Dennis J. Kroh The summary of a talk given at the Numismatic Theater during the 99th Annual American Numismatic Association Convention in Seattle on Friday, August 24, 1990. Even the most obvious fakes can easily fool anyone who is not a trained expert. Step 1: Read Up on Known Forgeries INTRODUCTION Most of the time, you probably can’t. This includes any and all marks, scratches or other issues on the surface of the genuine coin. Fake slabs are easier than a really good fake coin to spot. All of the counterfeit coins/holders seen so far are coming out of China. Analysis of the metal content showed the coin had a .918 silver fineness, above the US Mint standards for a silver circulation coin of the age. You are making a mountain out of a mole hill of worry with this one. ... As I have previously stated in other articles one of the best ways to protect yourself from this type of fake … So, how can you spot a fake Morgan Silver Dollar? Fakes contain a number of giveaways when you look at the design of the pagoda on the tails side. REAL, COMMEMORATIVE, GENERIC or FAKE COINS . In recent days, counterfeit coins in counterfeit PCGS slabs have begun to appear on eBay, the online auction site. Here's what to look for in order to avoid buying fake coins. So, having seen the outrageous prices that some (often fake) coins bring, they want to get a piece of the action. At least one buyer has identified these coins as fakes and left negative feedback to that effect. Alert members of the PCGS Message Boards were the first to notify PCGS of the counterfeit coins/holders. Spotting a fake: the pagoda. They're also older slabs. If the coins are fake they will be composed of copper or a base metal alloy that is plated with a thin layer of gold. One of the simplest and cheapest ways to make a counterfeit Their intrinsic value will be just pennies. As a result, every fake struck from these counterfeit dies will have the same depressions (marks are called “depressions” on counterfeits). So, before you start applying corrosive chemicals and tests to your potential silver (we’ll discuss these shortly) be sure to follow these steps: Perhaps it would be good to define some terms at this point. Ironically, the fakes out there can degrade or artificially boost the amount of money they may get for their genuine coins. Over $3,000 of "gold" coins have been sold by these sellers in less than 24 hours. With Morgan Silver Dollars as popular as ever, counterfeiters are trying to cash in with advanced forgeries. A genuine coin is used to create a die that is an exact mirror image of the coin. Coin reveals it to be a fake buys it from them who is hoping to sell for. Appear on eBay, the online auction site a really good fake coin to.. Good fake coin to spot or other issues on the surface of the pagoda on the of. 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