After 2007 the design changed … that’s why I suggested having the same minted year of an authentic silver eagle coin when doing a visual test. Businesses do not need the U.S. Government’s permission to produce replicas of U.S. coins, unless the U.S. Government owns copyright in the coin design in question. Lastly, fake silver coins occasionally have a porous surface, and this can be found by using a magnifying glass. This procedure often leaves die marks, such as cracks or pimples of metal on the counterfeit coin. The 2 coins I reference are 2013, which the fake lists, so i made sure to have the same year real coin. Counterfeit Detection. 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). 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! If your coins look different, it is highly recommended that you send them to PCGS for authentication. A third factor is weak impressions on the coin; a character may be blurred or unclear, and the design might be unclear around the edges of the coin. Genuine coins are struck (stamped out) by special machinery. Today counterfeit coins are made primarily to simulate rare coins which are of value to collectors. Counterfeit money is imitation currency produced without the legal sanction of the state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Know the weights and appearance. FIVE WAYS TO SPOT A FAKE COIN. This way it will pass the acid test that indicates gold. Most of the counterfeit coins are made from a base metal, like tungsten, that is plated with a little gold. Most counterfeit coins are made by pouring liquid metal into molds or dies. By super-fake, we mean a coin that is a deceptive counterfeit that could potentially fool professionals and advanced collectors. Replicas of U.S. coins cannot be exchanged as legal tender or used as money. Counterfeit money has been around for nearly as long as the real deal. Magnet Test The standard advice is to hold a magnet to the silver, and if the magnet sticks, it is not silver. A fake silver coin made of copper that is the correct weight will either be wider than normal, or more likely, noticably thicker than normal. When the first coins were minted several thousand years ago, the value of the coin … Another type of fake is a contemporary counterfeit. Does a business need permission from the U.S. Government to produce replicas of U.S. coins? SUPPORT: https://www.patreon.com/JuniusMaltby BEWARE, fake coins are flooding the market from China. To help collectors and dealers identify counterfeit coins, NGC has prepared lists of the most commonly counterfeited US, Chinese and world coins with diagnostic information and images from NGC’s extensive database, as well as commentary from the NGC coin … Here's what to look for in order to avoid buying fake coins. Counterfeits Lincoln Cents (1909-to Date) Previous article The 1893-S $1 on PCGSCoinFacts.com Next article Ship of Gold and Much More at the Long Beach Expo Feb. 4-6. The counterfeit coins are flooding the market from China made sure to have the same year real coin by! The standard advice is to hold a magnet to the silver, if. To PCGS for authentication not silver can not be exchanged as legal tender or used as.. Or used as money made from a base metal, like tungsten, that is with! Way it will pass the acid test that indicates gold from China, like tungsten, is. 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