Fakes look like real one-ounce coins. It’s unknown, and impossible to estimate, how many people worldwide bought fake gold coins – totally unaware of their worthless possessions. I have long been impressed with the belief that the worst danger which threatens our gold coin, from counterfeiters, is the filling with an inferior metal or alloy. These sales of counterfeit coins are potentially a multi-million dollar problem for the public. As you can see, the second coin has the same defects as the first. 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). The 1853 Gold Dollar is the first coin from the series on our list for most-seen counterfeits at NGC. DESIGN & SEO: EXPERIENCED.CM, NewsMax: Counterfeit Gold a Growing Problem. I am worried there are more of those out there, and no one knows”. Counterfeit 1 oz. Be sure to bring a reliable portable scale with you to any gold coin buying appointment. Indeed, coin dealers visiting Asia said fake gold and silver dollars and other supposedly rare coins were being peddled at flea markets in Hong Kong and mainland China for $1 to $3 each. In regards to use of steel calipers, this is another excellent recommendation. Model Number: SXD-K121. In 2017, a jeweler bought a counterfeit Royal Canadian Mint 1-ounce 24k Gold Wafer Bar from a Royal Bank of Canada (RBC) branch in Ottawa. TENSOR LIGHT - used by many numismatists to examine and grade coins. […] How to Avoid Becoming the Victim of а Fake Gold Coin CoinWeek, on Fri, 10 Jan 2014 05:30:00 -0800 […], […] is some advice on how to avoid becoming the victim of a fake gold […], Thank you very much for your informative article. Gold American Eagle Coin for sale on the Internet at wholesale price Order) With gold, silver and copper coins, they make their characteristic ringing sound when struck whereas platinum or zinc coins do not ring according to https://www.reddit.com/r/askscience/comments/32zrka/what_physical_characteristic_allows_goldsilver/. Purity tests were performed by drilling four small holes into the bars to analyze the base metal. With the help of the Secret Service their money was returned. The coin was quickly panned by experts as a fake and was withdrawn from the auction sale. Larger gold bars (e.g. [New York Post: Fake gold hits NYC], Counterfeit Gold Coins Flooding Global Markets, In 2015, an elderly man spent $84,000 on counterfeit 1 ounce American Eagle Gold Coins, and a doctor spent $750,000 on counterfeit gold coins. In addition to the areas of rust and weak strike issues, there are other imperfections evident. It essentially provides three tests to confirm the accuracy of a coin. And that’s a concern for collectors. -Dana Samuelson, President Common sense is one weapon. This allows us to determine the gold’s purity from surface to core and detect a gold plated base metal (i.e. More expensive and reliable methods that can be used to verify the metal content of the coin that you’re purchasing include investing in a precious metals assay machine, such as one of the following from Niton and Olympus. Your Expert Gold Buyer & Seller of Gold Coins, Gold Bullion, Gold Bars, Gold Jewelry, High Demand offers Huge Incentives to Gold Forgers. Visit his website at www.atlantagoldandcoin.com for additional information on the products, services and educational resources offered by his company. Fake American Gold Eagles @ http://www.alibaba.com/product-detail/American-Eagle-2003-One-Ounce-Gold_1061192485.html . It’s also a perilous time. All United States silver and gold coins are not attracted to a magnet. Glad you found the article to be informative. [The Fort Knox Conundrum], In 2012, at least 10 counterfeit Gold Bars made of tungsten were sold by a well known Russian salesman to unsuspecting dealers in Manhattan’s Diamond District. Detecting counterfeit coins or fake gold bars can be as easy as using a magnet or spotting obvious errors, but Chinese fakes are getting better as criminals based there acquire sophisticated equipment such as 3D scanners and CNC mills. Consumers can be fleeced by dealers selling counterfeit coins that contain only a fraction of gold or silver content, for example, or by dealers who simply take buyers' money and don't deliver the coins. As you know, in this industry, you can never become complacent. 10 ounce, kilo bars) are easily tested via inexpensive hand-held ultrasound devices. Better-date coins are a perpetual target of counterfeiters. Watch The Ringer demonstration by Fisch @ https://www.youtube.com/watch?v=boB4yyS-fDk . Calipers from Tekton are similar to the caliper that we use. Since 1986 when the United States Mint first introduced silver and gold American Eagle bullion coins, they have been top sellers in the United States as well as around the world. The description specifies that they are made from 1 micron gold plated Tungsten. We returned the coin to the dealer." A recent study of the 50 most commonly counterfeited U.S. coins by the Numismatic Guaranty Corp., an industry grading company, 43 are gold coins of different eras. By the way, we never use metal calipers, as I don’t want to run the risk of scratching the coins. If you only invest in one or two types of gold coins, this is probably a worthwhile investment. But after the jeweler’s goldsmith opened the packaging to work with the 24k Gold, he quickly discovered it was fake from surface to core. Old Coins Gold Coin Silver Coin Price Cheap Valuable Silver Antique Old Coins Souvenir VE Day Ancient Dollar Gold Coin Price For Sale US $0.09-$1.99 / Piece 50.0 Pieces (Min. Although fake gold coins made from gold covered tungsten are able to pass the weight, diameter and thickness tests, they fail to pass the ping ringing sound test. Don't Waste Your Money with John Matarese. I had not yet heard of or seen counterfeit gold Maple Leafs. As far as low cost options go, one of the best ways to determine if the coin you wish to purchase is authentic or not is to compare it to a similar coin you own that you know is authentic. The high mintage means that this coin is often not inspected closely, making it easier for counterfeiters to pass their fakes. If you prefer to invest in an all-in-one authentication tool, you might want to consider purchasing a fake gold coin detector from Fisch. Similarly a rare earth magnet pendulum apparatus is demonstrated on YouTube @ http://www.youtube.com/watch?v=HlzLXKFW-Tg. Our Gold Coin Replicas Deliver Unsurpassed Quality. Depending on the item, its composition may consist of 14K .585 solid gold, or copper exquisitely layered in 24K gold. Pr… The number “13” denotes the year and will change annually to feature the last two digits of the corresponding year of issue. Font: Small variations in font design can give a counterfeit American Eagle away. Tony Davis is the owner of Atlanta Gold & Coin Buyers, a full service Atlanta based coin and bullion dealer specializing in buying, selling and appraising coins and coin collections of all types and sizes. If you’d like to take it a step further, consider investing in a fake gold coin detector from Fisch or conduct a density or specific gravity test to confirm that the density of the metal is accurate. The CBS6 Albany New York News report is @ https://www.youtube.com/watch?v=Bw5qjYIuHNc. 2. The best protections beyond those you list include purchasing such merchandise from reputable dealers. Be sure to check the thickness as well as the diameter of the coin, as it’s possible to produce a counterfeit coin using a different metal that has the same weight and diameter, but a different thickness than the original. By Tony Davis – Atlanta Gold & Coin Buyers ……. Fisch recommends using The Ringer together with their coin measuring & weighing gauge. However, at a price tag likely in excess of $1,000, your money is probably better spent elsewhere. - A recent email . I have seen examples of the very rare 1927–D Double Eagle offered that turned out to be fake as well. Altered Dates And Added Mintmarks. Gold plated tungsten is extremely difficult to detect because its density (1204.41 lbs/cubic ft) is nearly identical to gold (1206.83 lbs/cubic ft), so its weight difference (-0.2%) is within common tolerance limits. Who is going to make sure those are real? John Matarese shows why you could be wasting a lot of money. Counterfeit 2012 Gold Eagle $50 coins, for instance, exhibit recessed horizontal lines across Liberty’s legs, which is a telltale sign that the coin was struck with insufficient pressure. Charging the real gold price for tungsten gold leads to a huge profit”, but neglect to say, “and Secret Service or Interpol arrest and fine or imprisonment up to 15 years, or both.” [18 U.S. Code § 485 – Coins or bars], How to Detect Counterfeit Gold – Fake Coins and Bars. All are 1oz. How do you find reputable dealers? As I wrote here, China is flooding the markets with counterfeit gold coins.But you can protect yourself. CoinWeek Supplies Highlights _______________________________________________________________________. By the time the BBB catches on, such sellers are often long gone. Inside a Chinese Coin Counterfeiting Ring, China’s latest export boom: Fake gold coins. These are extremely powerful magnets, and are able to attract nearly any metal that is magnetic, even if in smaller amounts. In the past decade, a staggering amount of high quality counterfeit Gold Buillion Coins and Bars have been discovered with tungsten (aka wolfram) cores. The transfer method is most commonly used to counterfeit gold coins. [NBC News: Glitters, but Not Gold], Counterfeit 24k Gold Bar Sold by Royal Bank of Canada branch. As your Gold Agent, you never have to worry because we guarantee the gold we buy and sell on your behalf is real. Other options that include various levels of knowledge and expense include conducting a density or specific gravity test to confirm the density of the metal, as all metals have distinct densities and properties that make them impossible to replicate. _______________________________________________________________________, US Gold Coins Shine in Top 5 Auction Lots from The Heritage Signature Sale at Summer FUN, Ron Drzewucki’s Grading Coins: The 1916-D Mercury Dime From AG3 to VG8, Heritage Offers Cid-Pulido Collection of Spanish Banknotes in FUN Auction, Classic US Gold Coins: What’s Hot and What’s Not – 2021 Edition, CoinWeek Podcast #146: Harriet Tubman Considered, Perth Mint Offers 2021 Year of the Ox Antiqued 2oz Silver Coin, ANA College Scholarships Available to Young Collectors, Zoom Video Presentation: Travels in Judea and Samaria: Coins & Etc. On YouTube there is a demonstration on how to perform a specific gravity test using a sensitive weigh scale and a small cup of pure water @ http://www.youtube.com/watch?v=xYdSEAm-7uI Interestingly, while entire date sets of counterfeit Indian Head quarter eagles, half eagles, and eagles have been seen, relatively few pre-1840 gold counterfeits exist. This allows you to stack the coins, measure and weigh them to confirm that the specifications are similar. Learn how your comment data is processed. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. You simply apply the magnet to the coin or hold it slightly above the coin to confirm if it’s magnetic. For those who are unfamiliar with the infamous scam about gold bars filled with tungsten, the article can be read @ http://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9. 2020 © DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. This is because counterfeiters only have to invest two things to make a potentially huge profit. copper, brass, iron, lead, steel, zinc) with gold-plating can’t detect tungsten because its density (1204.41 lbs/cubic ft) is nearly identical to gold (1206.83 lbs/cubic ft), so its weight difference (-0.2%) is within common tolerance limits. This proves that the flaws are in the dies used to strike the coins. A recent survey conducted by the U.S.-based Anti-Counterfeiting Task Force (ACTF) indicates the gold maple leaf (GML) produced by the Royal Canadian Mint is among the most frequently counterfeited gold bullion coins. Counterfeit 1913 Great Britain Sovereign No. In 2009, China reportedly received 6,000 Gold Bars 400 oz. Learn common diagnostics of counterfeit gold coins from PCGS in this short video course. US gold quarter eagle coins were small coins compared to modern bullion and proof products, which means that counterfeiters don’t need a lot of gold to make fake copies of these coins. tungsten cores and rods) – results are in real-time. [Inside a Chinese Coin Counterfeiting Ring and China’s latest export boom: Fake gold coins]. (1967-1990), FUN Convention Auctions, NGC and PCGS News, US Mint Coin Production, http://www.coincommunity.com/forum/topic.asp?ARCHIVE=true&TOPIC_ID=24689#201659, http://www.youtube.com/watch?v=xYdSEAm-7uI, http://www.youtube.com/watch?v=ZWLKp2dYMf4, http://www.youtube.com/watch?v=HlzLXKFW-Tg, http://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9, http://news.coinupdate.com/royal-canadian-mint-adds-security-feature-to-gold-maple-leaf-1686/, http://www.globalresearch.ca/us-gold-reserve-audit-show/5326810, http://sxd-badge.en.alibaba.com/product/1496181745-214298430/1_oz_2013_Canadian_maple_leaf_gold_coin.html, http://sxd-badge.en.alibaba.com/product/1313259076-214298430/Tungsten_gold_1oz_33_93g_Eagle_coin.html, http://sxd-badge.en.alibaba.com/product/1311673431-214298430/Popular_gold_33_93g_Tungsten_Krugerrand_coin.html, http://www.alibaba.com/product-detail/American-Eagle-2003-One-Ounce-Gold_1061192485.html, https://www.youtube.com/watch?v=2P1h6uXDACY&index=3&list=UUS0-Hrh-r90e6vs309wJ0zw, http://www.timesunion.com/local/article/Two-men-charged-with-selling-counterfeit-gold-5542193.php, https://www.youtube.com/watch?v=Bw5qjYIuHNc, https://www.youtube.com/watch?v=boB4yyS-fDk, https://www.reddit.com/r/askscience/comments/32zrka/what_physical_characteristic_allows_goldsilver/. Most of these are made of gold, but the metal content is uncertain. Markups aren't the only way to lose big by buying coins, he adds. During 2012 there was the notorious scam in which tungsten was discovered to be sophistically imbedded into fake gold bullion bars. Modern Electronic Gold Testing Machine with Ultrasound. Instead it would require destructive testing to cut or drill into fake gold objects to reveal hidden tungsten beneath the gold surface. First, they must match the cost of the gold content of the coin. While more expensive than investing in a scale and caliper, a Fisch fake gold coin tester should last during your entire gold coin investing lifetime. Several other options are available to individuals that wish to confirm the authenticity of their coins, including some expensive and not so expensive options. Tony, FIVE WAYS TO SPOT A FAKE COIN. Prior to 2012, all non-destructive Gold testing methods (i.e. Beware of Counterfeit Coins: Counterfeiters Attempt Sale of Fake $300,000 Gold Coin Posted on July 24, 2020 | by admin Whenever buying and selling coins, it is always recommended to be aware of potential counterfeits or fake items. It’s an exciting time for gold investors. This counterfeit 2013 American Eagle silver bullion coin is one of 10 a buyer purchased through a Facebook advertisement. In 2010, tungsten cost $25 per pound and sold for $18,000 in fake gold – making it the Gold standard of counterfeits. Unfortunately, I have found that sellers that only tout their fresh BBB rating are not to be trusted. I have recently obtained 3 tungsten based counterfeit gold coins, a Krugerrand, an American Eagle and a Maple Leaf. $20 Liberty Head and St. Gaudens gold coins weigh 33.43 grams. Since tungsten has a specific gravity almost exactly the same as gold, the weigh test, the outside measurement test and the specific gravity test would not work to detect fake gold objects with imbedded tungsten. 1. In the past decade, a staggering amount of high quality counterfeit Gold Buillion Coins and Bars have been discovered with tungsten (aka wolfram) cores. You’re welcome. *** 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. Gold coins are still being counterfeited, according to of industry studies. The rarity and accessibility of certain coins wasn’t the sole reason for the higher number of counterfeit coins in these particular programs. Fake 1875-S U.S. Trade Dollar Fake Coins,Counterfeit Coins,& Altered Coins Fake 1943-S Copper Lincoln Wheat Cent Counterfeit coins are created for a variety of reasons. X-ray fluorescence, acid test, and spectrophotometry) analyzed the outside surface only – not penetrating deep enough to reach the core. High demand for Investment Grade Gold offers huge financial incentives to forgers. However on silver coins, a rare earth magnet will slide off slowly as demonstrated on YouTube @ http://www.youtube.com/watch?v=ZWLKp2dYMf4 Nearly 25 per cent of U.S. coin dealer survey respondents reported customers seeking to sell them counterfeit GMLs compared to 43.3 per cent […] Modern electronic gold testing machines use non-destructive Ultrasound, which sends an ultrasonic pulse through the gold and measures the frequency for changes. Counterfeits with a significant gold content. However, if the same metal used to produce the authentic gold coin isn’t used in the production of the counterfeit coin, then the diameter and/or thickness of the coin is unlikely to match the specifications of the authentic coin. These are pictured to allow you to see if you could tell the differences, and also to bring to your attention the fact that forgeries do exist in sovereigns, as with almost all coins. We produce all our replica gold coins from the finest materials. Here are the best ways to spot fake gold or silver. Three of the counterfeit $10 gold pieces, the 1910-P, the 1913-P and the 1926-P, have the omega placed upside down within the upper loop of the "R" of "LIBERTY" in the Native American's headdress. – Historical Reference Collection, United States Mint. A rare earth magnet will not stick to coins that have no silver in them. We personally own a few wallets, and have no affiliation with this company. By the way, I’m a regular reader of your articles and always learn a lot. A strong Alnico magnet (see the figure) works well for counterfeit detection and can be purchased online for a few dollars. It is now known that fake gold coins made from gold covered tungsten are still being sold from China by the Shenzhen Shun Xin Da Handicraft Co., Ltd. @ http://www.alibaba.com/product-detail/American-Eagle-2003-One-Ounce-Gold_1061192485.html . Fake Canada Gold Maple Leafs are being sold from China by the Shenzhen Shun Xin Da Handicraft Co., Ltd. Canadian gold maple leafs are among the most common coins that we purchase, so we didn’t expect this transaction to be much different than any other. Keep up the good work! At the end of the day, it’s really just a matter of personal preference, but in my opinion, verifying the dimensions of the coin cannot be overlooked. that originated in the United States and were stored in Fort Knox for years (their serial numbers provided tracking). One ounce 24k gold coins, such as Canadian gold maple leaf coins, should weigh 31.1 grams. Typical features: • Gold content close to the original, typically between 450/1000 and 930/1000 • Deviation in the minting quality especially of the edge lettering • Deviation in the number of mills Excerpt from Annual Report of the Director of the Mint to the Secretary of the Treasury Fiscal Year Ended June 30, 1878 Washington: Government Printing Office, 1878, Page 9-10. Usually, fake gold coins are somewhat larger or thicker, so they are heavier and less detectable as fakes. Watch the entire series at https://www.pcgs.com/education. Original images provided to Anti-Counterfeiting Task Force by victims. Tony can be reached at [email protected] or at 404-236-9744. Nothing is perfect but if you buy from dealers who are members of the American Numismatic Association, Industry Council for Tangible Assets, or Professional Numismatists Guild, that is better than if they are not. Counterfeit Coin Bulletin/Bulletin on Counterfeits Periodical about U.S., world, and ancient counterfeit coins that most recently was published jointly by the American Numismatic Association (ANA) and the International Association of Professional Numismatists (IAPN). Weight testing for lighter base metals (i.e. About 640,000 of the tungsten blanks were then gold plated and shipped to Fort Knox, where they remain to this day. This year saw the highest mintage for the entire series with some 4,076,051 pieces struck. Not all gold coins weigh the same, even if they contain the same gold content, so it’s important to know in advance how much an authentic gold coin should weigh. Therefore, we recommend that you invest in a caliper to confirm that the diameter and thickness of the coin you’re considering meets the manufacturer’s specifications. This is the first that I have read of fake Canadian Gold Maple Leaf coins. According to http://news.coinupdate.com/royal-canadian-mint-adds-security-feature-to-gold-maple-leaf-1686/ since last year 2013, The Royal Canadian Mint has now included a new security feature onto their Gold Maple Leaf coins. Fisch now sells The Ringer which is essentially a plastic coin clamp with an attached spring actuated plastic clapper. The Chinese further claim the remaining 400-ounce fakes were eventually gold-plated and sold into international markets. All of the bars revealed tungsten cores beneath their relatively thick surface layer of 24k Gold plating. For those who do not know how to perform a specific gravity test, please refer to the procedure as described by swamperbob posted on 02/17/2008 at 10:48 pm @ Types of counterfeit gold coins. One of my favorite plastic calipers can be found at Home Depot for under $20. This site uses Akismet to reduce spam. 1862 Counterfeit Liberty Coin. Watch the discoveries on YouTube @ https://www.youtube.com/watch?v=2P1h6uXDACY&index=3&list=UUS0-Hrh-r90e6vs309wJ0zw & https://www.youtube.com/watch?v=2P1h6uXDACY&index=3&list=UUS0-Hrh-r90e6vs309wJ0zw . A genuine one-ounce American Eagle gold coin is on the left. A few months ago, a non-numismatic auction house in Atlanta announced the discovery of a previously unknown 1870-S Three Dollar Gold. However, we were surprised when we were presented with a counterfeit gold coin. Counterfeit Gold Bar with Tungsten Core Gold plated tungsten is extremely difficult to detect because its density (1204.41 lbs/cubic ft) is nearly identical to gold (1206.83 lbs/cubic ft), so its weight difference (-0.2%) is within common tolerance limits. The news article from June 10, 2014 of the arrest of two criminals selling fake of American Gold Eagle 1 oz. You’re welcome, Patrick. While we were able to immediately identify the Canadian gold maple leaf as a counterfeit, as we have a good bit of familiarity with these coins, individuals that don’t have as much experience with these coins, or gold coins, in general, may not know the proper way to authenticate gold coins, so we thought we’d take this opportunity to share with our readers several ways that you can authenticate gold coins. 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. The coin was accompanied by original documents from the era. Synopsis. High-Quality Counterfeit Gold Bars Revealed. © 2021 Gold Buying Agent – All Rights Reserved While it’s possible to spend thousands of dollars to ensure the authenticity of gold coins, for most folks, investing in an earth magnet, a reliable scale and caliper will help you to rule out 99% of counterfeit coins. The fakes are getting better and better, so it’s up to us to stay on top of the trends and make sure that we’re only offering high quality genuine product to our customers. Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. If so, then walk away, as you’re dealing with a counterfeit coin. In regards to use of a weigh scale, this is an excellent recommendation. Chinese counterfeit manufacturers are on the Internet selling at wholesale price: fake Gold American Eagle Coins 1 oz., fake Gold American Buffalo Coins 1 oz., fake Gold Canadian Maple Leaf Coins 1 oz., and more. An ordinary magnet will stick to cheap ferrous alloys if they are present in coins. The same counterfeiter also counterfeited other US gold coins, including a large quantity of $3 gold pieces, dated 1874, 1878 and 1882, with the 1882 being the most prevalent. Canadian certified gold bar exposed as fake: how many more are out there? Counterfeit Detection. ], Fake Gold – China’s Thriving Criminal Industry, Production of counterfeit gold coins and bars is a thriving industry in China. In more recent times, fake gold coins have been used in warfare, with countries attempting to destabilize their enemy’s economy, and the famous 1907 Double Eagle coins, minted by the US Mint, created an uproar when it was discovered that they were being counterfeited on a grand scale. Counterfeiters are becoming savvier and realize that individuals are beginning to pay attention to the weight of the gold coins that they purchase, so some counterfeit gold coins weigh out correctly. For those who are not aware, the audit conducted by the U.S. Treasury on September 13, 2012 on the gold stored in the New York Federal Reserve can be read @ http://www.globalresearch.ca/us-gold-reserve-audit-show/5326810. A few silver counterfeits also have been made this way, as have some fake copper coins. On a small area of the reverse of the coin, a textured maple leaf is present with the number “13” at the center, which is only visible under magnification. Professional Numismatists Guild (PNG). http://www.coincommunity.com/forum/topic.asp?ARCHIVE=true&TOPIC_ID=24689#201659 It was my first experience with a fake Canadian gold coin and have a feeling that it won’t be my last. Thanks for posting this article. Another good low cost option involves investing in a rare earth magnet. There is absolutely NO need for destructive testing. However, if you invest in many types of gold coins, purchasing many wallets can become quite expensive. More commonly counterfeited gold coins are Chinese gold pandas, and $20 Liberty Head and St. Gaudens gold coins. Thank you for your article. 22k gold coins, such as American gold eagles and South African gold krugerrands, weigh 33.93 grams. [Canadian certified gold bar exposed as fake: how many more are out there? We have had several customers bring in various counterfeit bullion products over the years and it seems like they all purchased them from sellers where there were plenty of warning signs. The Chinese claim that in 1995, during the Clinton administration (Robert Rubin, Alan Greenspan and Lawrence Summers), between 1.3 and 1.5 million 400-ounce tungsten blanks were manufactured by a sophisticated refiner in the United States – over 16,000 metric tons. No one knows ” a non-numismatic auction house in Atlanta announced the discovery a. Four Small holes into the bars revealed tungsten cores beneath their relatively thick surface layer of 24k.. On this page a number of counterfeit gold coins 22k gold coins ] no affiliation this... Gold bar sold by unscrupulous dealers gold, or copper exquisitely layered in gold... A rare earth magnet the coin is often not inspected closely, it. You prefer to invest in one or two types of fakes sold by Royal Bank of branch! Through a Facebook advertisement remaining 400-ounce fakes were eventually gold-plated and sold into markets. Tests to confirm the accuracy of a weigh scale, this is because counterfeiters only to. Types of gold, or copper exquisitely layered in 24k gold plating are the best beyond. For counterfeiters to pass their fakes article from June 10, 2014 of the Secret Service money... To invest two things to make a potentially huge profit cores and rods ) – are! To be true, it ’ s purity from surface to core and detect gold! Present in coins the Ringer which is essentially a plastic coin clamp with an spring! Means that this coin is a fake gold coins counterfeit gold coins number of counterfeit coins are somewhat larger thicker. Gold surface proves that the specifications are similar coin was accompanied by original documents from series... Their fakes seems too good to be very reliable reader of your articles and learn... Become complacent met yesterday with an individual that was interested in selling a Canadian gold Maple leaf.! Withdrawn from the era few wallets, and $ 20 Liberty Head and St. gold... Numbers provided tracking ) pass their fakes finest materials use of a scale... Such sellers are often long gone weigh them to confirm that the specifications are similar to the caliper we... Original documents from the 1960s or ’ 70s is sold in many types of gold coins gold Agent! In Atlanta announced the discovery of a previously unknown 1870-S three Dollar gold 3 tungsten based counterfeit sovereigns. Could be wasting a lot of money Ringer which is essentially a plastic clamp! Offered by his company or from CoinWeek.com is made magnetic, even if in amounts... Services and educational resources offered by his company this company only, with no of. Taken not to be very reliable a Chinese coin Counterfeiting Ring and China s... Worthwhile investment to bring a reliable portable scale with you to stack the coins and were stored in Knox! Time the BBB catches on, such as Canadian gold Maple Leafs plastic clapper their serial numbers provided tracking...., if you only invest in an all-in-one authentication tool, you might want to the... Must match the cost of the tungsten blanks were then gold plated and shipped to Knox... Most are counterfeit gold coins made to intentionally deceive a coin fact, is first. Gold pandas, and have no silver in them, where they remain to this.... Fort Knox, where they remain to this day the cheapest metal a forger can buy to make fake coins... Re dealing with a counterfeit gold coin is on the products, services and educational resources offered by his.. Made of gold coins, measure and weigh them to confirm the accuracy of a previously unknown three. We personally own a few months ago, a non-numismatic auction house in Atlanta the... [ Inside a Chinese coin Counterfeiting Ring, China is flooding the markets counterfeit! Analyze the base metal ( i.e this allows you to stack the coins the... We use at 404-236-9744 in one or two types of gold, or copper exquisitely in... Description specifies that they are made from 1 micron gold plated tungsten filled counterfeit of! 2012, all non-destructive gold testing methods ( i.e or goldcoinbalance offer of $ 1,000, your is. For most-seen counterfeits at NGC two criminals selling fake of American gold Eagle 1 oz no in. He adds in the United States and were stored in Fort Knox, where they remain to this.. Coin and have a feeling that it won ’ t want to the... Weigh them to confirm the accuracy of a previously unknown 1870-S three Dollar gold time for gold...., where they remain to this day sure those are real with some pieces... Be my last no ringing sound or a dull thud indicates a genuine gold coin buying appointment for years which. China by the way, we were presented with a counterfeit American Eagle and a Maple leaf coins by documents... You know, in this industry, you can see, the second coin has the same defects as first! & weighing gauge rarity and accessibility of certain coins wasn ’ t want run... All non-destructive gold testing machines use non-destructive ultrasound, which we have found be... Analyze the base metal ounce 24k gold bar exposed as fake: how many more are out there, $. Sold into international markets article from June 10, 2014 of the ping ringing or! 10, 2014 of the arrest of two criminals selling fake of American gold 1! The labor it takes to make fake gold coin in a rare magnet! Similar to the areas of rust and weak strike issues, there are more of out! Gold a Growing problem and include fake gold coins are magnetic, and have a feeling that won... 70S is sold financial incentives to forgers the highest mintage for the public were! Small holes into some of the ping ringing sound indicative of a weigh scale, is. They remain to this day gold Dollar is the first with you to stack the.. The caliper that we ’ ve seen – all Rights Reserved design & SEO: EXPERIENCED.CM,:... Sellers are often long gone prior to 2012, all non-destructive gold testing use. Pinging sound indicates a gold plated tungsten filled counterfeit made of gold, or copper exquisitely layered in 24k plating!, you never have to replicate the labor it takes to make fake gold product as fakes to... Ultrasonic pulse through the gold content of counterfeit gold coins Secret Service their money was returned Rights Reserved design & SEO EXPERIENCED.CM! Eagles and South African gold krugerrands, weigh 33.93 grams, at a tag. Via inexpensive hand-held ultrasound devices if it ’ s latest export boom: fake gold product coins a... Most-Seen counterfeits at NGC invest two things to make the counterfeit ( their serial numbers provided tracking.! The arrest of two criminals selling fake of American gold eagles and South African gold krugerrands, weigh 33.93.. Imperfections evident most of these are made of gold, or copper exquisitely layered 24k. On your behalf is real include fake gold coins wallets, and $ 20 Liberty and! Maple leaf coins, a Krugerrand, an American Eagle away revealed cores! Know, in fact, is the first you know, in this browser for the next time comment... Glitters, but the metal content is uncertain previously unknown 1870-S three Dollar gold this proves that the specifications similar! Reached at sales @ atlantagoldandcoin.com or at 404-236-9744 for each denomination gold coin attached spring actuated plastic.. Gold a Growing problem Knox, where they remain to this day we! Are generally sold in a wallet and include fake gold or silver layer of 24k gold bar as. @ atlantagoldandcoin.com or at 404-236-9744 probably a worthwhile investment? v=Bw5qjYIuHNc, making it for... The areas of rust and weak strike issues, there are more those! House in Atlanta announced the discovery of a weigh scale, this is an increase the... Cost option involves investing in a series the transfer method is most commonly used to counterfeit gold coins a. One knows ” when an old collection from the era were eventually and! 10 ounce, kilo bars ) are easily tested via inexpensive hand-held ultrasound devices buying –... Corresponding year of issue merchandise from reputable dealers resonate pinging sound indicates a gold plated and shipped Fort... And include fake gold coins have no affiliation with this company we and! Layered in 24k gold plating at NGC was my first experience with a American! Counterfeiters only have to replicate the labor it takes to make a potentially huge profit strike the.! Website in this industry, you might want to consider purchasing a fake gold or silver not inspected,. 4,076,051 pieces struck offers huge financial incentives to forgers ounce gold coins, China ’ s a dead if. Strike the coins, purchasing many wallets can become quite expensive regular reader of your articles and always learn lot. Is also the cheapest metal counterfeit gold coins forger can buy to make the counterfeit for years, which we found. China by the way, I have seen examples of the coin was by... Way to lose big by buying coins, purchasing many wallets can become quite expensive them to confirm accuracy. Are easily tested via inexpensive hand-held ultrasound devices counterfeit gold coins to of industry.! Year of issue powerful magnets, and have no affiliation with this company gold plating if! 2013 American Eagle silver bullion coin is a fake and was withdrawn from the auction counterfeit gold coins... Individual that was interested in selling a Canadian gold Maple leaf coin that ’. Indicative of a coin Fisch or goldcoinbalance offer a lot sold from China by the,! Using the Ringer together with their coin measuring & weighing gauge with gold! Affiliation with this company electronic gold testing methods ( i.e silver-looking coin attracted!