(editor). By the way, the link to this coin (I bought on ebay) is ebay.com/itm/392384792566 I could not get a decent photos of it.It also weighs 26.9 grams, not the 26.2 grams as listed. 1997. They are typically used in the jewelry business. In China, it is completely legal to make "replica" coins from another country, and they are always achieving new and better counterfeiting techniques. The methods presented in the guide will help you identify most of the more obvious counterfeit coins. Continuing on with magnets, another test you can to spot counterfeit silver is … Counterfeit Coins and How to Detect Them . Lesson learned. I recommend practicing with known genuine coins before you evaluate potential counterfeit coins. Additionally, many coins have intricate designs or textures that are associated with that particular coin and its series. C&D Publications. Since silver, gold, and copper coins are not attracted to a magnet, this can be a simple test to tell if the coin has some iron content. This alteration can be spotted by noting the improper spacing between the digits in the date. The art and deception of counterfeiting coins have been around since ancient artisans first minted coins in 600BC. A professionally graded and authenticated coin. Maybe one day you will be a coin collector? An unscrupulous person with a minimal amount of experience can take a 1928-S peace dollar and remove the S mintmark. 1914 Quarter Eagle. “One of the best ways [to check coins] is to own ‘the Fisch’ and ‘the Ringer,’ which detect fake gold coins including tungsten fakes. The coin cost her $4k some years ago as a set. I have written over sixty books. If the coin does not weigh the proper amount, then it is probably counterfeit. 1914 Indian $2.50. Many times, the word “copy” or “replica” will appear on the reverse (back) of the coin. Counterfeit Coin Diagnostics Several scientific methods may give you a clue if a coin is counterfeit or not. The potential counterfeit coin is balanced on the tip of a finger then struck lightly with a known silver coin on the edge. Doug West (author) from Missouri on May 18, 2019: If you would like more information about counterfeit coin detection, check the books and links in the References section of the article. Counterfeit Detection: A Reprint from The Numismatist Volume II, American Numismatic Association. The counterfeiter can create the coin dies by engraving them by hand, using the spark erosion method, using a one-to-one transfer engraving lathe, using the plating method, or the impact technique. Real vs Fake. The more you practice the test with genuine coins, the more easily you will be able to determine the difference between the sound of silver and non-silver coins. There are several methods that you can use to find out whether a coin is counterfeit or not. Additionally, ordinary coins may be altered to look like more expensive coins. It has been there since 600 B.C when the first coin was struck in Lydia. As with weight, the correct diameter is not a guarantee the coin is genuine, but it is a good data point to help you determine if the coin is real. For example, a counterfeiter will start with a common 1944-D Lincoln cent, worth a few cents, and alter the first “4” in the date to make it look like a “1.” This turns a 1944-D into a rare 1914-D cent worth a hundred dollars or more. Chinese coins should always be considered as suspect as many counterfeit Chinese coins exist. If the weight of your coin is more than the specified amount, then you probably have a fake. Most of the time, the seller of the coin didn't realize the coin was fake themselves. Plastic versions of this measuring device cost less than $10.00. 1985. On the other hand, if an official coin specification states that it does contain steel, then a genuine coin will stick to the magnet. But coin counterfeiting is an issue that any savvy collector needs to face. Sharon Lopez from Philippines on October 21, 2019: I am not venturing into coin collection any time soon but the information in this article is something worth considering. Therefore, although two coins may be the same denomination and date, coins produced from different handmade coin dies will have differences. Finally, becoming an expert in detecting counterfeit coins is a lifelong process that takes many years to hone your skills and constant research on current counterfeiting techniques. It wasn't clear until I sat down with the coin and went through some of the steps I talk about in the article that I realized I had just wasted my money. The 1914 Gold Quarter Eagle has the second lowest mintage in the Indian Head … West, Doug. If you are spending several hundreds or thousands of dollars for a coin, it is recommended that you purchase the coin from a very reputable coin dealer with a return policy or purchase a coin that has been professionally graded and encapsulated by services such as PCGS, ANACS, NGC, ICG, or NCS. Doug West (author) from Missouri on January 05, 2020: Sorry to hear about your lose. A counterfeit note cannot be exchanged for a genuine one, and it is illegal to knowingly pass counterfeit currency. Therefore, it should have a gray steel metal color. Also, professionally graded coins are in inert and sealed holders that are excellent for long term storage and are much easier to sell. Some high-quality counterfeit coins have even fooled expert numismatists. How Do You Detect a Counterfeit Coin Made With One of the Above Methods? Doug West (author) from Missouri on May 27, 2019: In the U.S. it is illegal to counterfeit money, however, in China it is only illegal to counterfeit Chinese money. 1943 Copper Penny - Is Yours Genuine or Fake? Use a high precision caliper to measure the diameter and thickness of the coin. The higher the silver content, the longer the ring will last. Counterfeiters like this method because this process does not destroy the host coin. A special machine does the stamping of coins to make them genuine. Cast coins typically have less detail than expected for a genuine coin of the same grade. The first task is to define what we mean by optimally. Counterfeiters have taken genuine 1943 steel pennies and plated them with copper. Be careful with this test to not drop the coin being tested when you strike it with the silver coin. A basic skill set of how to detect counterfeit coins will hopefully save you money by avoiding the purchase of counterfeit coins. How To detect counterfeit coins? The same advice applies when you purchase coins from a dealer on the internet. Please note that just because a coin may pass the tests on this page does not mean it is genuine. To date, the examples shown have not been deceptive. Cast copies are normally identified by a seam that runs around the outside edge or circumference of the coin. NGC offers numerous educational resources to help collectors and dealers avoid counterfeit or altered coins. The seam is a result of metal that flows at the point where the two molds, obverse and reverse, come together. For example, a Buffalo nickel minted in 1926 at the Philadelphia mint can be purchased for under $100. Inspect for evidence of alterations that may include the addition or removal of a mintmark that would make the coin more valuable. 1988. The higher the silver content, the longer the ring will last. Isnt it illegal to counterfit coins or any money? “Counterfeit Coin Detection – The Top 10 Most Common Counterfeit US Coins” https://coinweek.com/education/coin-grading/ngc/couinterfeit-coin-detection-counterfeit-detection-the-top-10-most-common-counterfeit-us-coins/, “The Fundamentals Of Counterfeit Detection - Part 1” https://www.pcgs.com/news/the-fundamentals-of-counterfeit-detection--part-1, “Counterfeit Detection” https://www.ngccoin.com/resources/counterfeit-detection/. Fake coins often times will contain hole markings. If you buy your coins from a local person, for example, at a coin club meeting, a coin show, or at a coin shop, try to find out if the dealer is reputable. A base metal coin will sound like a “thud” or a “clunk” when struck with the other coin. I learned something new today. How NGC Determines Authenticity NGC uses X-ray fluorescence spectroscopy, an extensive research catalog and other tools to determine a coin’s authenticity. Thank you for your answer, Doug. The potential counterfeit coin is balanced on the tip of a finger then struck lightly with a known silver coin on the edge. In modern times, counterfeiters make counterfeit coins to deceive coin collectors with classic coins that are no longer minted. Another example of where adding a mint mark greatly increases the value of a coin is the 1916 Mercury dime. Observing the Gold Weigh the gold. Using the 10x magnifying glass to carefully examine the coin’s surfaces and edge to look for irregularities can be very helpful in your quest to detect a counterfeit. If the official composition of the coin states that it does not contain any steel, the coin should not stick to the magnet. By. Split coins are another example of a counterfeit coin that has been radically altered. The most popular method was mixing base metals. Each month in this column, we discuss some of the fundamentals of counterfeit detection, using counterfeit coins as illustrations. I really enjoy reading your articles. The lathe was the first step in automating the production of coin dies to ensure design consistencies for the entire year of production. In addition to the areas of rust and weak strike issues, there are other imperfections evident. A Guide Book of United States Coins 2020. https://coinweek.com/education/coin-grading/ngc/couinterfeit-coin-detection-counterfeit-detection-the-top-10-most-common-counterfeit-us-coins/, https://www.pcgs.com/news/the-fundamentals-of-counterfeit-detection--part-1, https://www.ngccoin.com/resources/counterfeit-detection/. Counterfeit coins have always been a problem and the more you know about coins the better off you are as a collector. Yeoman, R.S. 2. Ferrous materials, such as iron and steel, will attach to a magnet and are not part of nearly any United States coins. Greetings, Doug. A “Ring Test” is a simple test that can be performed to determine if a coin is silver. To avoid getting duped by an unscrupulous coin dealer or collector into unknowingly purchasing a counterfeit coin, there are a few basic techniques and tools that can help. The first is to have access to detailed specifications of a genuine coin. Counterfeit coins are nothing new to the world of coin collecting; they have been around for centuries (if not millennia). But what has changed is counterfeiters are getting better and their products are harder to detect. For example, a 1943 Lincoln cent should be made out of zinc plated steel. Months after the ‘appraisers’ told her it was offered $100,000 by a potential buyer. Counterfeiting and Deception of coins, well some will call this the “second oldest profession” in the world. Huge … 2019. In modern times, counterfeiters make counterfeit coins to deceive coin collectors. For example, a counterfeiter can purchase a 1909 Lincoln cent with the designer's initials of V. D. B. on the reverse for under twenty dollars. With the second-lowest mintage in the series (240,000 coins), the 1914 sells at … When spending your hard-earned money on rare coins, the old saying caveat emptor applies, or “Let the buyer beware.” Just be a little cautious; do your homework on the rare coin you are interested in and the dealer selling the coin. However, the United States Mint accidentally made a few 1943 Lincoln pennies out of copper. Detecting Counterfeit Coins Book 1, Heigh Ho Printing Company. My question; is it common to find appraisers keeping/selling an original; to swap for a fake?? You asked me for photos. Question: My sister sent a presumed valuable Chinese coin to a China appraisal company. Therefore, if a 1943 copper colored Lincoln penny sticks to a magnet, it is an altered coin that is now counterfeit. Below you will find some tips on detecting fake trade dollars. The genuine copper version of the coin will not be attracted to the magnet; however, a copper coated steel cent will be strongly attracted to the magnet. This genuine silver Barber half dollar is not attracted to the magnet. Once the molds are ready, the molten metal is poured into the mold. Though this change has offered the collector a much larger array of coins to collect, it has also widened the gap between the coin collector and the coin dealer. Coin collectors should take time to learn a few tips on how to detect and protect themselves from buying counterfeit or altered coins. Also, the edge detail of this coin is not well detailed, and looks repaired just below the date. For all bills except $1 and $2 dollar bills, … More experienced counterfeiters will use a centrifuge to make sure that the molten metal flows to the farthest recesses of the mold. The art and deception of counterfeiting coins have been around since ancient artisans first minted coins in 600BC. However, some inconsistencies still existed with this manual process. Dishonest people are always developing new methods of counterfeiting coins. These should include size, diameter, thickness, metal composition, weight, and specific gravity. Luckily, this doesn't happen often. 1988. The mint specified diameter is 30.6mm. Half the coins in this picture are real and half are counterfeit—can you tell the difference? Some things to check for: seam around the edge indicating a cast coin, small raised spots or depressions in the field of the coin, and unrealistic or flawed styling of devices and legends. People who counterfeit coins are well trained and have the capacity to manipulate their duplication - especially those rare coins which have high value among collectors. Listed in the blogs are the most popular counterfeited coins. Studying genuine coins alongside known counterfeit coins is the best teacher on your road to becoming an expert counterfeit coin detector. A Vernier Caliper is a simple device used to measure the diameter of coins to +/- 0.1 mm. By checking these four, retail bullion coin buyers can detect all common metal counterfeits. As a result, your genuine coin with lots of wear will weigh less than the specified value by a few tenths of a gram, sometimes more if the wear is excessive. Answer: Without knowing the details of your situation I have a couple of comments: 1. 2) Check the selling price at which the trade coins … If a dealer is a member of a professional organization like the American Numismatic Association (ANA) or the Professional Numismatists Guild (PNG), that helps build their credibility. Counterfeit Detection: A Reprint from The Numismatist, American Numismatic Association. Use … A month later they’ve simply texted her to say the coin is a fake. Any of these techniques leads to an incredibly deceptive counterfeit coin. The coin may be a counterfeit if it has a seam around the edge or a bit of a protrusion on the edge that could be left by a casting sprue (the channel used to pour metal into a mold). January 6, 2020 KMFranck 0 Comments articles, Coins, Counterfeit Coins, Fake Coins, How to Spot Fakes, News. These coins generally are manufactured not for the purpose of deception, but rather to create a copy of a rare or beautiful coin as a souvenir or promotional giveaway. Tooling marks extend from the rim into the “T” in “STATES” on the reverse. They probably are fakes made from a ferrous material. Doug West (author) from Missouri on November 08, 2019: War Nickels should not be magnetic. Counterfeit 1913 Great Britain Sovereign No. Nobody knows where it was altered. I will try to get photos. Then why is there so much of it going on ? In response to your email to me, my 1770 8 reales Mexico city mint has genuine looking diagnostics, but has several tiny, near microscopic scratches in the E of VTRAQUE and I am wondering if they were put there to hide deceptive diagnostics. A strong Alnico magnet (see the figure) works well for counterfeit detection and can be purchased online for a few dollars. Silver and gold are soft metals and tend to wear more rapidly than a copper or nickel alloy coin. Tooling marks appear just under the nose of Liberty on the obverse. The United States Mint purchased its first reducing lathe in 1833. Originally, people counterfeited coins with the intention of deceiving merchants and citizens. By adding a “D” mint mark to the reverse of a 1916 dime minted at Philadelphia, which has no mint mark, the value of the coin goes from a few dollars to a few hundred or more. This can easily increase the value of the coin by ten fold. If anything seems inconsistent, it’s best to inquire elsewhere. PCGS reviews the common diagnostics found on counterfeit silver and nickel coin in this short video. I am reading about the problem of detecting a fake coin among a collection of m coins optimally. Studying genuine coins alongside known counterfeit coins is the best teacher on your road to becoming an expert counterfeit coin detector. “The Fisch checks four key things – the diameter, thickness, weight and shape of a gold coin. A lot of times counterfeiters get the obverse and reverse types mismatched, below we show how to catch those easily. If you notice significantly blurry borders, printing, or text, it is an … An electronic scale capable of measuring up to 50 grams with 0.01-gram accuracy can be purchased online for less than $25.00. Either way, a counterfeiter makes his money by taking less valuable material and turning […] 1) The best and true way to identify fake coins is through their weight, fake coins are silver washed over copper or alloyed metals and weight much lighter whereas a real Trade Dollar will weigh 27.22 grams. Is there any way to reliably detect counterfeit coins that have been put into fake slabs? Regardless of the casting method used, a low-quality counterfeit always results. I have a penny what numbers on the shoulder but you can barely see them is that worth something. Compare the coin to the picture in the Red Book or online photos of the genuine coin to look for obvious mistakes made by counterfeiters. Sorry, but thanks for your help with identifying fakes. United States Gold Counterfeit Detection Guide. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. These are more advanced topics to be covered elsewhere. When that die wore out or broke, the artist would create another one. The demand for rare coins has not only raised the value of collectible coins but has also created a rise in the number of counterfeit coins … In this article, I present some basic ways to evaluate your coins to determine if they are genuine or counterfeit. The issue of counterfeit coins shouldn't deter you from coin collecting. A good example is a 1943 steel cent that has been copper coated to be passed off as a rare 1943 copper cent. A counterfeit coin is any coin that is made by an individual without the knowledge and consent of the issuing country or entity. If not, read on. The House of Collectables. I realize now that I see it written out. The wear on the coin has reduced the weight to 11.9 grams. Finally, look carefully at the coin with a high-powered magnifying glass or stereo microscope. The saying “buy the coin, not the slab” still holds true. By using The Spruce Crafts, you accept our, Improving Your Counterfeit Detection Skills, Inside a Chinese Coin Counterfeiting Ring, What Are Doubled Die Coins and How to Identify Them, Lincoln Wheat Penny Key Dates, Rarities and Varieties. Thank you for the information. The blogs are for the novice to the professional collector. It starts with m coins as a given and the following reasoning:. Lonesome John. Yes it is. Pay careful attention to the date and mint mark of the coin; an added or removed mint mark or altered date can make a large difference in the value of a coin. I am sure to practice some of these tips as there are many fakes going around. I started collecting coins when I was in grade 8. If you're going to be spending a substantial amount of money on a coin, it is a good idea to protect yourself by adhering to these four principles: Counterfeit coins can be grouped into three different categories: struck counterfeits, cast counterfeits, and altered coins. Base metals, such as copper, nickel, zinc, and iron, are normally used as a substitute for the precious metal, such as gold, silver, or platinum, that would we used in genuine rare coins. Contact your local police department OR call your local U.S. Secret Service Office. Upon closer examination, several diagnostics lead to the conclusion that this coin is counterfeit. Counterfeit coin detection, particularly with ancient coins, is … Studying genuine coins alongside known counterfeit coins is the best teacher on your road to becoming an expert counterfeit coin detector. The first is to have Reeded Edge Defined - What is a Reeded Edge? Do not buy bargain coins offered at flea markets and online. It is not common for honest appraisal companies to keep or switch our coins. The host coin is used as a model to create the cast. Without seeing the coin that is all I can say. A more complicated situation arises when a coin weighs the correct amount but still may be a counterfeit. It is not illegal in China to manufacture fake coins. Inspect the edge of the coin for evidence of a seam that would indicate the coin is a cast counterfeit or an altered coin made by joining two halves of genuine coin together. Many counterfeit coins do not weigh the correct amount, and weighing a coin is a simple method to determine if it was struck on a planchet (or blank) made from the wrong alloy. The methods presented below are not foolproof but can help identify the more obvious counterfeit coins. Electronic scales measuring weight of a coin. If the coin is silver it will “ring” for several seconds with a sweet, high-pitched sound. Many Chinese counterfeit coins are magnetic, and it’s a dead giveaway if a silver-looking coin is attracted to a magnet. Whitman Publishing. Just as the proper procedure, when grading a coin by comparison with an example in a grading book, is to start at the lowest grade and work up the scale, so with counterfeit detection. 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