Silver has taken many forms, even as everyday objects. Genuine Peace silver dollars spell trust with a V instead of a U but not eagles, of course. The American Eagle 1-ounce proof silver bullion coin is a … Each coin boasts two American Eagles in flight on the obverse, with the words “American Double Eagle”. The US Mint produced 5.3 million silver Eagles in the first year. Have you considered that there might be no package? Some fakes also have date marks that shouldn’t be there. If you are assuming that there’s a package,. I posted a tweet on your tweet, but I’d like you to know Newgistics/Pitney Bowes are likely compliant with this scam. If your bullion is genuine silver, the ice should start melting immediately due to the stored heat of the silver. It can’t be solid silver if the diameter and thickness are correct. Your investment coin collecting dreams can all come true when you find affordable. I spent less than $30 for education aids. 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 American Silver Eagle coin was first struck in 1986. 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. Discussion in 'Coin Chat' started by carly, Aug 22, 2019. The US Mint produced 5.3 million silver Eagles in the first year. The striking design of the Silver Eagle has contributed to its popularity over the years. I prefer the coins because they can hold collectors value also. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … But this can be disadvantageous as well with the proliferation of fake silver items. Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. The turn of the century brought a change in the production of American Silver Eagle coins. The result of this effort is a variety of flaws that you can catch with a keen eye. Back when I was vest-pocket dealing, I bought several fake US $20 double eagles. The fake coins bear no silver. https://www.topokey.com/products/2006-2020-american-1-ounce-eagle-brilliant-uncirculated?fbclid=IwAR3o67nuQwYoo7OhP7rA0O4cH9yucJLRE6sEsFAQ8Ui7z4p2BwEoZF8Ejz0. 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. The current spot price of silver is $17.84. Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. Production ranged between 5 - 7 million per year for most of the first decade. All sterling made in the United States since the 1850s has a sterling mark. Since my scale only measures grams to the tenths of ounces, it should have weighed 31.1 grams. Proof coins, because they are considered to be more collectible, carry significantly higher premiums than uncirculated silver eagles. Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. Page 1 of 2 1 2 Next > manny9655 Well-Known Member. What guide would you be interested in reading next? 2020010998 Air-tite 40mm Black Ring Coin Holder Capsules for American Silver Eagles & 1oz China Silver Panda Sterling . The weight of a coin is … Join today for FREE! If you’d like to talk more you can contact me at . The fake one is on top, and the real one underneath. I left a very public message on Twitter. What kind of silver are these coins made from? The coins are in a slab-like holder similar to the Coin World holders but without the Coin World logo. Font issues: There are many font issues you’ll find highlighted by SilverCoins.com, but the date mark is one quick place to check. Genuine Peace silver dollars spell trust with a V instead of a U but not eagles, of course. Thanks BOB!! The history that shines through on these Silver U.S. rounds will undoubtedly add value to your numismatic collection. american, eagles, fake, flooding, here, media, silver, social, test. Start, by purchasing the silver acid test kit. This round is minted using 5 troy ounces of .999 fine silver. Both lost over $200 with the shipping costs. It is not a friendly country. The Best Fake Silver Eagles I’ve Ever Seen. Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. Apparently these guys are going by various names. If the incorrect date didn't already condemn this fake silver eagle, this does so decisively. This means the Philadelphia Emergency Production Silver Eagles are all that much rarer and more valuable for coin collections. You will see time honored coin designs that were a popular part of American culture. Also the fact that they give the same response saying that the merchant you purchased from will have more info than them. Fake Counterfeit American Silver Eagle Coin Eye On Stuff. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. 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. The American Eagle Silver Bullion coin program is also warning investors and coin collectors of the rampant piracy of the Silver Eagle Coins. Author: admin September 3, 2020. fake. Proof Coins. Silver Eagles can often sell for less than $2.50 over the spot silver price. If you are shopping a brick-and-mortar location or receive an American Silver Eagle coin without a reeded edge, this should be your first sign that the coin is a fake. FWIW, it seems to be a coordinated scam. These proof coins are struck multiple times giving the coin a very shiny luster. Then I put it on the scale just to confirm. In this category you will find a variety of U.S. Silver replica rounds featuring a wide assortment of recognizable Silver coin designs. 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 … Sorry I got your name wrong! 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. For example, you could consider the magnetic test. If your bullion is genuine silver, the ice should start melting immediately due to the stored heat of the 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. Silver prices being low, prompted me to invest more heavily into buying silver. Buy Five Ounce Silver Eagle Replica Rounds Online. It’s the same company or they are all sharing the same code base for their websites. Though less common, some of the original American Silver Eagle fakes were struck mostly with copper at its core and a thin layer of silver plating to cover the copper. As early as the year 2012, bullion industry experts had begun identifying fake Silver Eagle Coins and counterfeit Gold Eagle Coins electroplated or clad in thin layers of silver and gold. At first glance, they look fine, and then a closer look revealed problems. LIACOO is a scam. Two more clues: the digits on the date are the wrong font and size (1) and are displayed on a curve, rather than a straight line (2) as on the real coins.. My assessment was done quickly based on walking from the mailbox to my desk. CBS news reported a few years ago that.a man in this country was cheated out of $84,000 on Chinese fakes. This test identifies both genuine and counterfeit bullion through a small chemical reaction. The downside to this is, of course, that you’ll lose any numismatic value in that coin if it is real and you tarnish the surface with bleach. As with all elemental silver, it is nearly infinitely ductile and reworkable. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. Knowing the American Eagle’s history can prevent you from falling for such obvious fakes. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. The 2020 Silver and Gold American Eagles resumed production at the West Point Mint on April 21st. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. Add to that the fact that China has some of the world’s worst sweatshops. You should always buy from a reputable dealer and a certified refiner. 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. 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. Start, by purchasing the silver acid test kit. Apparently these guys are going by various names. I just took delivery of ten 1oz Silver Eagles from an eBay seller, and they are by far the best fakes I’ve ever seen. That must be where the fakes are made. The original 5oz .999 pure silver coin has … Sorry, your blog cannot share posts by email. The American Silver Eagle is the official silver bullion coin of the United States. Finally, I removed the coin to weigh it. The bleach test is recommended by some as a way to spot fake silver coins. Perhaps one of your Senators or your Congressperson can direct you to a government agency that can try to help or should know about this. If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. Gold? I will investigate further, but I wanted to report my initial findings. Let’s see if they respond. That, and not being able to contact them directly. I ordered two coins to confirm my suspicion. Well yes. Discussion in 'Bullion Investing' started by manny9655, Aug 20, 2020. They are faking tracking updates which is the biggest red flag for me. On the obverse, Lady Liberty steps out from a sunrise carrying branches of laurel and oak. You need look no further than the bottom of our homepage to see that we’re an authorized dealer. More to come. Production ranged between 5 - 7 million per year for most of the first decade. That's an … The turn of the century brought a change in the production of American Silver Eagle coins. I found a nice article that describes 3 quick ways to help tell real Silver from Fake Silver. It was first released by the United States Mint on November 24, 1986. The U.S. Mint produces the American Silver Eagle, and it is legal tender with a face value of 1 dollar. having a date of 1906, before the silver eagles … Counterfeit silver items resemble real silver items a … The thicker the plating is, the more “ordinary” the brass alloy may be. The typical weight of a Silver Eagle is around 31.2g. Silver Eagle proofs are a bit different. I am so glad I read your scam alert before ordering any of these coins. How it works: even though silver is non-magnetic it has a property known as diamagnetism. ALL FAKE. For example, there are counterfeit Silver Eagles from China that bear date marks prior to the actual coin’s introduction in 1986. How to Avoid Fake Silver. Buy from a reputable source, or work with a very-knowledgeable person who'd been "in the business" for many years. IF YOU CANNOT IDENTIFY THE DEALER, THEIR EXACT LOCATION, AND THEIR BUSINESS STATUS, THEN DO NOT BUY THEIR COINS! US junk silver is not faked by anybody; hard to make any profit at it. 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. The greatest benefit of American Silver Eagles from the United States Mint is the adherence to strict specifications. They spent $19.95 per coin. I ordered the coins on June 4, the day I posted the article. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … A closer look at the obverse, and the font is too thin for the LIBERTY around the coin. 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. Boxed sets of the Silver American Eagles are available, too. Post was not sent - check your email addresses! U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. This test identifies both genuine and counterfeit bullion through a small chemical reaction. Thanks to you, SCOTT, for your blog and your scam alert!! Earlier this week, another dealer gave me one of these 2011 fake silver eagles. However, they are not as prevelant as one might imagine. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. With Fake American Silver Eagles on the Rise, How Can You Spot the Fakes? This fake eagle measures 38.86 mm rather than the 40.6 mm it should.) 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. This round is minted using 5 troy ounces of .999 fine silver. Fake Silver Eagles on Facebook. Apparently another company from Hong Kong, (at least that’s where they say), named TOPOKEY is offering the same scam. These US mint coins for sale, have become the most popular coin in the world. 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. If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. This 5 ounce Silver Round is not an actual American Silver Eagle coin. By continuing using this site, you agree to the use of cookies. Fake Silver Eagles on Facebook. It is one troy ounce of 99.9% pure silver. Well yes. © Copyright 2021 JM Bullion. It makes no sense. Page 2 of 2 < Prev 1 2. Look for Specific Features. The coins were shipped from China to California to New Jersey to my office. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. Without them I would probably be out some $’s. A good magnifying tool might be useful, as well. Discussion in 'Bullion Investing' started by manny9655, Aug 20, 2020. And, they contain about 25 to 45 ounces of silver, so the bars are not a total loss. How is that possible if they have possession of my item!? Look at what Farcebook is allowing now. It is one troy ounce of 99.9% pure silver. I’ll find that out soon. I ordered the coins on June 4, the day I posted the article. 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. ANACS recently received a small group of fake … Here is a link to their website if it will make it past mediation: A big one to watch is reeding on the edge. However, they are not as prevelant as one might imagine. Buy from a reputable source, or work with a very-knowledgeable person who'd been "in the business" for many years. So real silver moving down a magnetic slide will move slower than fake silver. The 1-ounce American Eagle proof silver bullion coin is made from real silver bullion. DO NOT BUT FROM THEM! Other tests are a little riskier for your coins, especially if you are uncertain as to the legitimacy of the coin in questions. That's an … You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. These four counterfeits weighed in at 31.15g, 30.99g, 31.22g, and 30.93g. The die on the right is the reverse of a British silver crown dated 1899. Also, for whatever reason, the Chineese often make American Silver Eagles dated back as far as 1906. The American Silver Eagle is the official silver bullion coin of the United States.. Buy Five Ounce Silver Eagle Replica Rounds Online. In fact, you are the only person I’ve spoken to in over 2 months that has actually had something delivered by Newgistics. The American Silver Eagle coin was first struck in 1986. Unfortunately, two correspondents wrote to tell me they each bought ten coins from different dealers. Two counterfeit American Silver Eagles purchased from LIACOO, a company based in China. That would explain things. The question you should ask yourself now is, “how can I spot the fakes?”. FAKES! I must tell you I was tempted to buy silver at half price for a hot second. They are going around Toronto, Canada, and I wanted to get the word out to all of you, to give some warning. This is either egregious oversight or a complete lack of intelligence, but any seasoned coin collector or investor likely already knows this is impossible. What is the American Silver Eagle? My first impression was that there are almost no rims on the coin. Discussion in 'Coin Chat' started by carly, Aug 22, 2019. 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. This 5 ounce Silver Round is not an actual American Silver Eagle coin. How to Avoid Fake Silver. As the world’s single most popular silver coin program, it was inevitable that counterfeiters would work to produce look-alike American Silver Eagle coins in an effort to take advantage of the immense demand for these coins. Legitimate US Mint coins have straight-edge tops (for example, 3) to the numbers in the date mark, while most counterfeits have a curved top on letters (for example, 3). Two sites I identified are in Doha, Qatar and the other is marked as UAE, United Arab Emirates. In many cases, the counterfeits have a smaller diameter. A lot of fake American Silver Eagle coins have larger rims and edges. Order) 2 YRS . You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. The U.S. Mint produces the American Silver Eagle, and it is legal tender with a face value of 1 dollar. (The forger also got the diameter wrong. Gold? Silver Eagles are known for their metal purity and high production quality. Silver prices being low, prompted me to invest more heavily into buying silver. With so much attention on the coins, counterfeiters are working hard to develop fake American Silver Eagle coins that grab attention with low prices and look, for all intents and purposes, legitimate. 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. John Burgess Well-Known Member. Silver American Eagle Coins Are Legal Tender and Precious Metal. Otherwise, you may want to check the company further. If nothing happens or the melting occurs very slowly, you have purchased a fake. The 2020 Silver and Gold American Eagles resumed production at the West Point Mint on April 21st. A fake will move down the slide with no resistance. You should always buy from a reputable dealer and a certified refiner. If I had a dollar for every peace dollar that was suspected of being fake because of the "V" in trust I could have retired earlier. The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Silver Eagles can often sell for less than $2.50 over the spot silver price. By using a logistics company in this manner, they can hide behind the anonymity of the service. I will have another post up by Friday with the results of my investigation. Rather, it is privately minted by the SilverTowne Mint to honor what many people believe to be the most recognized coin in the world. 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. DO NOT BUY CHEAP EAGLES FROM RANDOM WEBSITES! The coins they are offering are listed as follows: 2006-2020 American 1-Ounce Eagle Brilliant Uncirculated The American Silver Eagle is no exception to this fundamental of economics. A big one to watch is reeding on the edge. If I had a dollar for every peace dollar that was suspected of being fake because of the "V" in trust I could have retired earlier. The United States Mint always strikes the American Silver Eagle coin, bullion, proof, and uncirculated versions, with a reeded edge. Rim & Edge: The United States Mint uses the latest technology to strike American Silver Eagle coins, and follows very specific dimensions for all facets of the coin’s design. All Rights Reserved. Look for the "Sterling" sign imprinted on the silver's surface. There are a few simple tactics that can help you determine the legitimacy of a silver coin or bar, American Silver Eagle or otherwise, without sophisticated tools are a great deal of time. A genuine silver eagle weighs 31.101 grams. I prefer the coins because they can hold collectors value also. And, they contain about 25 to 45 ounces of silver, so the bars are not a total loss. Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. The Chinese are stealing from this country left and right. If nothing happens or the melting occurs very slowly, you have purchased a fake. 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. Want more information about American Eagle Coins? There is an in-depth breakdown of the specific feature flaws that often exist on fraudulent American Silver Eagles on SilverCoins.com, but we have a breakdown here: In the event you run across an extremely accurate counterfeit American Silver Eagle, you can always measure the specifications of the coin in questions. These proof coins are struck multiple times giving the coin a very shiny luster. Page 1 of 2 1 2 Next > manny9655 Well-Known Member. Notice the high quality of these dies for making fake silver crown-sized coins. I do not know the composition. Circulated fake Silver American Eagle coins from China are invading the United States coin collecting market. The American Silver Eagle is the official silver bullion coin of the United States.. However, the 2016 American Silver Eagle 30th Anniversary coins will not have the reeded edge on the proof and uncirculated versions. Silver and gold are non-magnetic precious metals, so if you are able to stick a magnet to your coin that is a dead giveaway that you have a fake American Silver Eagle in your hand. Acid Test. It is a company based in China. It was easy to see that they were fake when using my 16X lens. 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. Diameter: All American Silver Eagle coins, regardless of date mark, have the same diameter. Jul 6, 2020 | advice, coins, Eagles, news | 14 comments. Issued in one ounce, half-ounce, quarter-ounce and tenth-ounce sizes, gold eagles (or more accurately American Eagle Gold Coins) are 22 karat (.916 fine) coins struck at the West Point Mint and forged from gold … ANACS recently received a small group of fake … An American Silver Eagle is supposed to weigh just slightly more than one troy ounce because it is only .999 silver. Notice the high quality of these dies for making fake silver crown-sized coins. 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. This means the Philadelphia Emergency Production Silver Eagles are all that much rarer and more valuable for coin collections. These US mint coins for sale, have become the most popular coin in the world. Back when I was vest-pocket dealing, I bought several fake US $20 double eagles. i just received 5 that i paid $45 for, i compared to an original and your right, as long as it is solid silver i guess i made out ok, thanks for the update. He says “assume nothing.”. The fake coins bear no silver. The original 5oz .999 pure silver coin has … Proof Coins. In reality, you get the same thing every time, an inferior product for a cheaper price. The American Silver Eagle is the official silver bullion coin of the United States. I bought these coins to prove my point. Counterfeit 2011 American Eagle silver bullion coins have been appearing in the market in Canada. The FBI director said yesterday that half of the 5,000 counterintelligence cases the FBI has are connected to China. John Burgess Well-Known Member. Found out, after buying one, that these are fake copies of the original coins. I knew I was potentially buying fakes. Knowing the American Eagle’s history can prevent you from falling for such obvious fakes. Coin Collector’s Handbook: American Eagle Coins, https://www.topokey.com/products/2006-2020-american-1-ounce-eagle-brilliant-uncirculated?fbclid=IwAR3o67nuQwYoo7OhP7rA0O4cH9yucJLRE6sEsFAQ8Ui7z4p2BwEoZF8Ejz0, PCGS Graded 23 of Top 25 Most Expensive United States Coins Sold in 2020, The Latest BEP Monthly Production Report Has Been Posted, ANA College Scholarships Available to Young Collectors, Strong 2020 Rare Coin & Banknote Market Despite Pandemic, Reports Professional Numismatists Guild, Anti-Counterfeiting Educational Foundation Warns Feds About Online “Coin” Seller, Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. We use cookies to ensure that we give you the best experience on our website country was cheated out Guangdong... 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