Fake Graded Silver Eagle Coins! How to test for fakes.
ฝัง
- เผยแพร่เมื่อ 16 ต.ค. 2024
- Want to be a channel member? / @spegtacular
Channel members support my effort to bring you cool videos about the hobby you love. Thank you!!!
Buy a t-shirt to show your support and show off your love for your hobby!
Channel Merch: teespring.com/...
.999 poured Silver channel rounds are back! Use code Speg10
Antiqued: mkbarzandbulli...
Shiny: mkbarzandbulli...
Contact me: Spegtacular@yahoo.com
Mail me:
Spegtacular
P.O. Box 1682
New Port Richey, FL
34656
Instagram: #spegtacular #youtube #coincollecting #gold #silver #preciousmetals #investing
That crack wasn't there. Mailer's error. The labels caught my eye quick
Sad to see people get taken. It is killing the hobby. Thanks for sharing with us all. We all need to be on our look out for fakes.
Theres someone somewhere taking notes while another is being beaten for not counterfeiting them perfectly.. great vid speg.. thanks joe!
A very informative video. I scanned each slab with the NGC app when you showed them to the camera. All came back with a note stating it was a possible counterfeit holder and all scanned as a 2018 ASE.
I know I'm 2 mos late to this party, but so glad someone from GAB directed me here! Now I need to go back to all my slabs and take a closer look! And if still in doubt will take them down to the LCS for review. You can bet I am subscribed now!!! Thanks for all you do 👍
I enjoy helping. Thanks for taking the time to watch me!
Excellent video! These scammers need to be in jail. I would only add a couple of things: 1- The font on the lettering and numbers is off. 2- They all have the same certification number. Each coin should have a unique number and 3- If you look up the certification number, you will see a counterfeit warning. I put the lookup app on my phone. I check everything I buy. Thanks for doing videos like this to warn the community. 👍
For whatever reason people trust slabbed coins more than loose coins. I'd much rather be able to actually see if the coin is real. It's harder to tell a good fake through thick plastic. At least those are crappy fakes.
The letter "U" in United States was different on the fake coin than on the real coin as well. The US mint changed it (the letter "U") in 2008. The mint changed it from this U, to this -> u,... but larger in size. (A small letter u that is capitalized.)
I didn’t know about that pushing the graded slabs test, great video!
🔥🦈🌊
One CCP MEMBER gave it a thumbs down 👍🏻
:)...
Interesting with the cartwheels! I've never even noticed that before 👍🤙 great video as always!
great video. All of the warning signs were shown. Maybe we should all do a Class Action Lawsuit against China!!!! LOL Fantastic advice
Thanks for the video. Can't believe there are so many fakes out there, from Eagles to Kangaroos and I'm seeing APMEX and Silver Towne bars.
Faking slabs now as well! Great video Speg nice to see you slapping down the fake slabs!
This is an excellent video that showcases a modern phenomena that just didn't exist many yrs ago when I 1st started collecting long before slabbed coins existed. China fakes weren't an issue decades ago either. Usually what I find all the time on EBay are NON legit Coin Certification companies beyond ur primary NGC, PCGS, ANACS or IGC which I immediately bypass. I've only come across 1 questionable NGC holder in a pawnshop which I think actually was just cracked open for curiosity or damaged but the coin appeared legit. In the past counterfeiting issues had been more limited to the removal or addition of a mint mark or very old early counterfeits of Colonial Large Cents for instance (called electrotypes as I recall) which I learned a quick & pricey lesson on yrs ago. As we all know Certified slabbed coins can be VERY expensive particularly for the high grade stuff..so this is a very cheap but mandatory lesson U show to help avoid VERY pricey Fraudulent fakes from China. U have reminded me how this has become a much bigger problem now to always be on guard for when buying coins especially online. Thanks
Avoid slabbed coins and bars unless they're being purchased from a reputable dealer.
Thanks for the door bell in the intro, my dogs really enjoyed it.
I see a lot of fake coins on ebay and the sad thing is that sometimes some of those listings show how many the seller has sold and they sell a hundreds!!! :/ I feel very bad for the people that buy them and I get concerned by how many of those are out there... I try to report those sellers immediately but they are many...
You've given me pause when buying coins; not to rely so heavily on the slab. Thanks for the video. I have found that it also pays to verify the slab on the grading company's website. That first coin you looked at (NGC 4816031-001) was originally for a 2018 ASE and carried a warning--"Possible Counterfeit Holder." You had another one that looked like it had the exact same NGC number (both the 2011 and the 2015 counterfeit coins).
Shame that you cant enter this awesome hobby with secure feeling:( thank you so much for showing this - poor man was robbed....
The first slabbed "coin" has the following on its label:
2011 Eagle A$1
MS 70
4816031-001
{ barcode }
NUMISMATIC GUARANTY CORPORATION NGC
The other 4 fakes have the same label, but with the corresponding year. However, the NGC Cert # and barcodes are identical, meaning all 5 slabs are linked to the same coin in the NGC Certification database. That's a big red flag.
As with any slabbed NGC coin, you can go to the "certlookup" page of the "ngccoin" site to find the real coin in the NGC database. The information identifies the label type, and has the original label data. In fact, the info on your slabbed Standing Liberty quarter matches what is shown in your video:
1928 S 25C
AU 55
4720367-001
The NGC Cert # (4816031-001) and Grade (70) for the fakes come from a real American Eagle Silver $1 coin, but it's for year 2018. This label has been used with so many counterfeits that the NGC page flags the coin as a potential fake. Now if you own the real 2018 ASE MS70 NGC coin, it'll be a great conversation piece at a coin show.
Extra waves on the cape too...(on the fake one) 💪 great video Speg! Thanks for sharing 👌
Hello Speg, a question for you especially since you are doing this as a educational video, which is great and I thank you very much. Is not all counterfeit currency supposed to be reported to proper authority like the FBI or Secret Service, or just even the local law enforcements? Are there consequences to those that know a currency is counterfeit and fail to report?
When you was doing the tests maybe a test of the thickness along with the diameter when measuring with the calipers. It would be great to see the coin clipped with metal shears to see the interior. I also believe in this video the big thing to share is how fake and bad the slabs were, minus the coin. You are right that newer collectors will have the sense of security in slabs with TPG data. Could the bar code numbers be looked up and shown if a coin appears or not. The first thing I noticed was the paper curled at the corner.
Once again, thanks for sharing. All the best for the new year.
Brian
I remember way back when, there were also fake graded Morgans that surfaced. As PMs price rises again, fakes will abound again. Let's hope those bringing this in and peddling this get caught.
They look terrible!
Its like they didn't even try.
It's China. It wouldn't come out right even if they did try.
Thanks for helping to keep the stacking community safe!
Thanks for this video.. I almost got suckered into buying a Morgan set from Facebook at $199 but was reading the comments then noticed there's a bunch of different sellers selling the same thing.. definitely a red flag..
Red!,should be black! FLAG!
Note on the reverse the fake uses an altogether different "O" font in "OZ" at the bottom than the real coin does. Thanks for this video; that was very helpful.
Wonderful presentation!!! He is very intelligent which shows all throughout his speaking and showing defects. I learned a lot. Thanks
The real ones are ultrasonically sealed so unless you bust them they're not coming apart and even then the sealed halves will be the parts that are still together. Cool video cuz I had no idea they were faking slabs like that. 👀
They're very difficult to crack open. Busted open 4 for a PCGS ASE MS70 or MS69 project. I had a very hard time opening them and also realized they grade those coins all willy nilly.
Thanks for sharing the slab part is easy to tell but the coin looks pretty legit if you don't have a real one to compare it to it suck that people do this
But even without a reference coin for comparison, the fakes are supposed to be perfect Mint State 70, yet all had lots of nicks and blemishes clearly visible, even in their slabs.
I really appreciate all the informative information. It really boggles the mind to think that jerks make money from fake coins!
Great video my man. These are all over eBay. Usually listed as “decorative” or “collectible” in ad but still not really legal.
I have nine of them fakes. They came from eBay. Buyers please beware. I was able to recoup a refund for five. The gave me a refund and then sent them back , even he didn't want them. What really is pathetic he wanted me to give him a favorable review ,that didn't and won't happen. Be careful that you don't get burned.
Great Info on Fakes. I learned a lot. Thanks. Out.
Nice pocket piece lol. I liked the detective work on the pinwheel/cartwheel. I've never noticed that before. Comparing and contrasting those coins though, wow, no question about the counterfeiting "technology'." There are no nicer words, Speg. None. I can see the Chinese sweatshop now..."Xian-Xin! You must do better on the slabs so they stack without falling over! And glue those darn things together!"
A huge red flag was on the reverse - the U in United didn't have a protruding tail
Also don't forget to try a magnet on the fakes. some are made of silver plated steel.
You showed a good ways to check if a coin is a fake. Using the weight of the coin is what I am asking about. I was wondering if NGC could give you the weigh of the plastic slab with out the coin. Then you could check if a slabbed coin was a fake with out removing the coin. You would have to have a fairly accurate scale.
Its fake NGC case you don’t know the weight of them.
@@gooddeal9160: If the fake's holder weighs an extra (31.103-25.7) g to compensate for the underweight fake coin (25.7 g), then the slabbed fake will weigh the same as a slabbed genuine ASE.
If you can tare the scale for the weight of a genuine NGC holder, then you can get the weight of the coin+slab and compare to its expected value (31.103 g). If the bogus holder has a different weight, then that's going to be easily caught, unless it compensates for the underweight counterfeit coin.
Pretty bad fakes. Besides the label issues take a look at the reverse of the fakes. The olive branch is missing an entire set of leaves. Thanks for sharing Speg!
25 gram fake coin, but what does it weigh inside the slab?
Speg! What a great educational video for the silver community, cheers!
Thanks for the great info especially for the beginner collectors
I love the demolition of fake Silver Coins!
well done speg these fakers need closing down...too many ppl losing money
great vlog
I bought 2 Australian coins last month that turned out to be Chinese fakes, got my refund but some people bought fakes from the guy and thought they were genuine.
The sad part is that all it takes is one person to get tricked and the guy can buy another 60-100 fakes using the money he just swindled.
Great video again! Singing while making the fake coins bleed brass!
That fake coin really did look very bad when you showed it up close , the cart wheel, the lettering, all the scratches & bad nicks & dings was a dead giveaway including the slab case.
I learned something today from watching your video thanks for sharing..
Anyone else notice that all the fake slabs have the same exact cert number.
Most coin grading companies allow you to input their bar codes which is unique for each coin to verify. It would appear the bar code for your 4 coins are duplicated?
All 5 fakes have the same NGC Cert #, which refer to a real AE Ag $1 that's graded as MS70. The real coin's year is 2018. The NGC page cites it as a possible counterfeit, as this label is popular with the Chinese.
Perhaps the best study on fake ASE's. Thank you!
I think you could verify them on the NGC WEBSITE with the number
Really? Very kindly of NGC
@@LatimusChadimus smart ass
@@michaelvukmanic3299 he's the one who sent them to Speg.🤭
That's only gonna tell you the label number exists which it's probably based off a real tag from a legit coin so it's gonna register legit.
@@Card_Asylum it would be a good start though
As an Opto-Mech. Engr my take on Fake multiple "cartwheels" vs single of Real Coin is "It's NOT FLAT
They're all the same serial number, that should have been a HUGE red flag, even to a beginner!
Doing a cert search, that serial number is registered to a 2018 ASE in a black holder (which is oddly marked "Possible Counterfeit Holder")
did you look up the serial numbers on the ngc website? Did they copy real numbers or did they use made up ones?
Many fakes use real serial numbers for the same exact coin, but the barcode does not always match
They call it “nesting” when they fit together when stacked
It is scary buying a roll of Eagles because catching 1 or 2 of these in there is much more difficult without a scale and metal verifier. Thanks for the video brother. Silver to the Moon Soon!!!
If you can afford rolls of eagles, please invest in a sigma verifier,
I did and never looked back best gadget ever purchased!
@@mrpound5949: Some people have said the PMV has been faked out, thinking copper was silver because they both are excellent conductors and diamagnetic.
Folks won't pull a coin out of its slab and risk its certification, unless there are other issues that flag a problem. Although these fakes had some obvious issues, Speg should've done more non-invasive tests (e.g., rare earth magnet, Sigma Metalytics PMV, etc.) before taking the coin out of its slab. It's good to see how non-invasive tests do before running tests which require handling a coin (weight, ping, specific gravity, etc.).
Oooooops, down under $19-no moon soon.
@@paulmcckain3420 Paying attention to a fake rigged paper market says it all. Physical is the only answer until the markets implode to zero. Then, you will know what the MOON really looks like.
#BOOM
@Paul McCkain close to 24.00 spot, premiums are high, approaching lunar orbit
Like the weird cartwheels but big red glag. English silver shillings reverses have multiple cartwheels. Loads of them.
We need to start looking at our coins and recognizing the detail in them, when we get a fake it will look and feel different.
Great video, Speg. Thanks for sharing!
Thanks great info what do you think is the cost to the Chinese to make these brass isn’t cheap
Can you test it with a Neodymium magnet? The swinging test to show the drag or the side test?
Another quick thing to check is the alignment, my friend discovered a fake by quickly checking the coin alignment vs. medal alignment.
He did turn over the holder horizontally and the reverse design was upside-down, as expected. He should've noted the point that a US medal is flipped horizontally, whereas a US coin is flipped vertically. A die rotation of 180 degrees doesn't happen with a US coin or US medal.
Its sad people fake coins. Ngc is my favorite and like you said, when most see graded, they automatically asume its legit. Now i have to look at all mine after seeing this. Thanks for you work man
It's heartbreaking to know that sellers can hustle fake coins as America money and get away with it to that degree 🤕⚔️🤕
Super great video, makes want to go back and look at all my slabs. Almost afraid too, not sure I want to know I was cheated would like to believe all mine are genuine. Wish you put a magnet to that coin. Thank you for the information.
Check it with a magnet. I got some fake eagles Pecos Coins that attracted so strongly my magnet 🧲 that I thought it broke the damn 🧲.
In the end, I kept them as a self reminder to pay close attention to advertisements that sound to good to be true.
Do you melt down and repurpose the fakes.for pour prototype's cause that seems like a good use besides paper weights lol
What a shame* I think a few of mine I bought online are fake it is heart breaking to pay so much & get screwed. I can no longer afford to buy coins so it hurts to know some I put in my collection are worthless*
Very helpful video. Thanks. Instant red flags: All verification numbers were the same, no labels on reverse of slab and the U in United on reverse didn't have serif.
this was some great information...now i need to go check my eagles..
8:00
Me staring at a letter on the reverse side of the coin that doesn't match a post 2008 silver eagle and he hasn't mentioned it:.....
Music while you wait... Love it!!! thanks for the video.
I bought a silver eagle coin that weights 31.45g . It is over 31.1g what does this mean in terms of the silver ..that there is another metal inside or a bit more silver?
It's Ok to be alittle over.....if you're Under, that is a red flag.
NGC has this slab as a counterfeit holder. One second check. And of story.
Would be nice if someone provided a novice a video on how to do this? (Thanks in advance)
Download the NGC app and you can check the number yourself. Great app...I use it.
Hey speg. Would not destroy them. Keep them as a tool to help people in learning how to avoid scams and what to look for.
One question for a new stacker here. I have what appears black spots or dirt on coin in places on back and front. The dirt on edge details mostly. Had to used a x60 power to see it. Is this normal for a sealed graded coin?
Depends on the coin's grade. Any coin can be graded, no matter how nasty or dirty is looks. However, the grade stated on the label has to match what the physical coin has, which for more run-down coins can get very subjective, but most counterfeit coins will be graded perfect or near perfect, which makes the fakes easier to detect, because an MS70 is supposed to be basically flawless...so ANY imperfection on the coin should tip you off that its a fake at that level.
Speg,
The eagle you took out of the fake slab, the "R" in TRUST was a "P" TPUST.
You should use NGC app and scan those barcodes, see what happens
Did you mention the fake misspelled TRUST as TPUST! That would be my first red flag!
1:59 knotch lol
So not a misspelled “crotch” hahaha
@@Spegtacular oh how i laughed
@@Spegtacular look at the bottom of her dress. Same defect on each "coin"
The adhesive on the labels had their glue melt off during the very hot month long ship voyage across the Pacific Ocean from China to the US.
Curious if you entered any of the barcode numbers into the NGC website? One quick way to verify, unless they 'stole' valid numbers.
The NGC number comes up as a different coin.
Thank God for your experience, no one is putting 1 over on you man!
what's the point of looking further when the hologram is missing???
to TEACH people what to look for, Not to just look for holograms, those can be faked.
Curious what each one weighs in the plastic container.
This may have been mentioned but I didn’t see it. All of them have the pre 2008 U in United on the reverse.
My boss got taken on a huge pirchase recently. They wernt even the right size i bought a few fake morgans knowingly. Just to see what theh looked like and they were basicaly spot on in weight. Non magnetic. Mostlikely made from stainless. And silver plated 9r brass
I made a device to hold the coin to ping test, it works great and won't drop the coin like off the tip of your finger, it also is pocket friendly
Yeah the dark spots on the high points would not something that would happen on an ms 70
Thank Joe…how can I get a decal from your company for my safe?
Great videos... but how do you know that the fake slabs are "Chinese" made?
Because they smell like a panda’s pen.
Awesome video! I REALLY want a Sigma so bad and would have bought one in December but out of stock. May still get one.
Those fakes man...some people.
The only problem with that is you have to be there.
The best bet is buy in person . But if not always buy from a person that has been around along time
I got that same exact 2021 coin & slab from fidelity amac mag !? I have the 3d sticker says official site
Face Book let's these companies advertise !!!
I feel awful now . I have go through all my coins and silver rounds/bars and see what I got .
Very sad situation, now I'm depressed.
The U in united is wrong also for those years. You can use a black light to see water mark on label
Thanks for the great video I now know what to look for I just started got my first 2oz last week at golden nugget in npr I figure it was a good place to start knowing pawn shops they test everything I hope lol
I have purchased 2 fake pandas off of ebay in the past. Should have known better.. Now im going to have to go through my slabbed ASEs just to be sure..