I keep a handful of fakes in a drawer with a few fake gold eagles and old credit cards as a decoy incase I'm burglarized. Really it's the only good thing a fake is good for. Thanks for the video!
They look like their lead! Very dull finish. Those new Gold Buffalo nickels their pawning off are a rip off too. Easy try at confusing people who think their investing in Gold. Save your money!
Having been a collector for nearly 50 years, I can usually spot fakes pretty easily but some of those morgans were good enough to fool someone without much experience or knowledge on what to look for. Thank you for bringing issue to young or inexperienced collectors. Just as you've said countless times, if it seems to good to be true it usually is.
I have a few coins that my dad collected back about 50-60 years ago. He would get mad at me when I was a child. I used some to buy candy. I could kick myself. What is a ping test?
Just started collecting recently. Glad I found this channel and other channels like it. I probably would be fooled by the look of the coin but with videos by CoinHELPu and other channels I now have the tools to help make sure that what I buy is authentic. To answer the question what is a ping test, silver makes a distinct sound when hit. It is unmistakable once you hear it. So a ping test is a test where you hit the coin with another coin or a little piece of wood to hear the sound it makes. There are many videos on TH-cam of what that sounds like when it’s real if you’re interested. Luckily I haven’t run into any fakes yet but I imagine I will eventually.
Few years back had someone try to sell me an early Bust Dollar and Trade Dollar, only $500 for the pair. What a deal!!! The problem? The Bust Dollar had a reed edge and was dated 1878. The Trade Dollar was dated 1798 with a lettered edge. Reminded me of the guy that got busted printing counterfeit $20 bills back in the 1980's. What gave him away? He put Lincoln on the bills.
@@tims.449, Try this. Get you a 1964 or before quarter and few quarters made after 1964 ( clad). Drop a clad on the clads and listen to the sound. Then drop the 1964 or before quarter on the clads. Notice the silver will have a higher "ping" when it hits the clads.
Personally I would either stamp them with the word "copy" or better still, destroy them completely. As soon as you started dropping those coins together, the sound was all wrong. The hobby is drowning in a tidal wave of fakes at the moment. Buyer beware!
Please pay attention to the video. I DIDN'T accidentally purchase these! I am a coin dealer and they came with a collection someone sold me at my coin shop. I took them off the market. My Coin Shop Website portsmouthcoinshop.com/ Buy the book! ebay.us/wJ2MV9 800+ Videos th-cam.com/users/CoinHELPuvideos
I am sorry if you misunderstood me... I just meant why would you buy the whole collection before testing it all out... but all is well that ends well...
@@Dakiniwoman I didn't misunderstand you, you misunderstood me. All the collection was good, but they included these fakes to get them off the market. I didn't accidentally buy these or lose money,
Those 1881 fakes may still be for sale for $1.91@ on America's biggest online seller. I'm still trying to figure out how counterfeiting laws are avoided. Using the claim of "magician coin" is quite bogus.
I report these counterfeits to Face Book all the time. The sellers just change their company name and register with Facebook and continue to sell this crap. I guess their "Fact Checkers" are lacking in this department ;)
@@goldeneye70 Because for the price they're asking they're most certainly counterfeit. Trying to save some suckers money and keep the counterfeits from circulating.
@@TheRealSiberD I have been doing that too, there is one company that keeps popping back up with a different name but when you go to their site the address and phone number is always the same! I Call the number and ALWAYS get the message the number has been DISCONNECTED or changed their address is either out of Ohio or Texas! Also I usually post on FB to BUYER BEWARE and Try giving them a call and post the number 😡 I feel Into the trap ONCE bought one for less than Silver was at the time! When I got it it was a PERFECT looking coin BEAUTIFULLY Polished and weight was close but when I turned it over the heads and tails were both facing the same way and that is what caught my eye grabbed my Magnet 🧲 and it stuck like Glue😡
@@goldeneye70 You don't think they should be reported??? FB is so CORRUPT and full of fakes ripping people off and FACT CHECKERS seem to over look them, I guess it is a LIBERAL Thing😤
Its a shame that people still fall for the ads on facebook and on tv hopefully everyone stops buying them and put them out of business thanks again Daniel
My brother was buying a set of "Million Dollar Silver Dollar " collection. I believe it was a very reputable company. Every week they sent him a box of 4 coins for $35 or some figure. He had about 20 of the blue boxes in white sleeves. Very professional. I told him they were fake. He disagreed. I looked them over and they all had a designation "COPY" in very tiny letters. It may have come from a claimed USMint company. My brother was very upset at me for showing him that they were fake. I'm sure that there are thousands of other people who fell victim to this scam.
Don't really need or mean to reply. I just looked up "Million Dollar Silver Dollar" collection on a random search and these are for sale by everybody. I think they are processed by a real reputable company.
Wow! I'm new to this only 3 years at it and this video put a scare into me. REALLY, I suppose I trust people way to much...I see myself in my mind buying these coins. I know people can be bad and that it will continue to get worse, but REALLY...that is a boat load of coins. Thank you so very much Daniel for bringing this to our attention in such a massive way. My heart goes out to those honest people who get ripped off by someone who, who...I don't know the words to use here. God bless you and your family of watchers of your channel. Blessings, Louis
The 'scary' ones are counterfeits of higher quality. All series, virtually any date and mint mark seem to be showing up these days, some of them rather well made. The old time adage was _buy the book, then the coin._ Still true, but now there are also useful websites such as this one to view and from which to learn. As with most other purchases, _caveat emptor._
I started buying halves a couple years ago. I soon after became paranoid watching videos about counterfeit coins. I quickly learned all the ways to check for counterfeits, and there are a few. There's even a Ping Test app for your phone that works well. Just don't trust any one test to be conclusive.
I picked up a fake Maple Leaf from my local coin shop last year. Took me about 6 months to realize it. It was sold in an air tite capsule so I never bothered taking it out and testing the ping. Luckily the shop replaced it but the old grumpy owner denied I bought it from them even though I would go there every weekend and spend atleast $100. I didn't get angry or anything with them but you gotta be careful out there. Even trusted sources slip up occasionally especially with how crazy things have been. God bless
@@aaronrichards19886 It sounds like that coin shop owner tried to put one over on you. I guarantee he has a Sigma Metalytics tester and he tested that coin when HE got it. They can test coins in a capsule. If you buy from him again he should have no problem testing coins in your presence as a sign of good faith. if he's legit.
@Ken Smith If you drive a car, you're relying on technology. If you go to a doctor or dentist, you're relying on technology. The computer you responded to my comment on IS technology. It's one thing to use technology blindly and another to use it knowing that it can fail, and other ways of doing the same thing.
Almost all of the adds on Facebook are for bogus items, and it's not limited to coins. They prey on elderly people, or just unassuming people who think it's legit because it's on Facebook. Facebook just keeps taking the money for the ads with little care about whether or not it is a legitimate item. I blame the scammer and the enabler, which is Facebook !
In my experience, all the ads on Facebook are fake I have been burnt at least three times. One was for crowdfunding for a USB charger that plugs into a wall outlet, it was a charging bank that could charge about ten things at a time. Another was for lobsters. There were the Morgans, my only excuse is that I am elderly, 68, and I stay up too late with my friend Ivan Red. I hate to say it, but I guess for me there ain't no fool like an old fool.
I used to buy and sell silver in 2009-2011. I came across two different characters(that's the nicest thing I can say about these mfers), that tried to sell me a boat load of Morgan's. They were ALL in flip holders. I took one out and looked at the RIM of it. You can see a faint line from the casting of these counterfeits, not to mention, they ALL LOOK EXACTLY THE SAME in color, wear etc. Do yourself a HUGE favor. Go to a reputable dealer and buy some real ones, and if you decide to take a chance on Facebook or Craigslist, bring the real ones with you along with a scale.
These fakes are coming out of China. I have mentioned it to the main auction house several times that they are allowing fakes to be sold. As I have been checking more fakes now compared to when I notified them. As silver moves up in price this will become more of an issue
Great video. It's a shame there are so many crooks out there, but there are. The sound test with the Morgan's was a dead give away for me too. And using a scale and magnet also great tools. You can buy a decent digital scale for less than $20 (probably less than $10).
Looking at the Morgan’s I wouldn’t have known the difference. I’m pretty new at coin hunting and collecting and I get FB ads all the time for silver eagles at a price thats to good to be true. Reporting their fake ads is like swatting flies at a slaughter house.
I guarantee your local police don't have jurisdiction over whatever foreign country these Facebook ads originate from. What are the police to do, go to China and arrest the counterfeiters?
I mostly buy graded but every once in while I'll buy a raw Morgan-Walking libertys-Barber Half.. Been collecting bout 2 year's I bought a digital scale to make sure they weigh up & a pen magnet to authenticate...
You are an amazing person Daniel! Honesty, blunt truth! I respect nothing more than that. Accept the fact that you're extremely polite about it as well! Cherry on the top is THEE BEST!! I cannot thank you enough. Everything I have learned is SO much to take in. You make it simple. Just the way I'm sure we ALL can appreciate. Standing ovation Daniel and Mrs. Ty❤ I'm "still" binge watching. 🤣
Yes sir I thank you for helping get this important information out there. I once bought a 1921cc Morgan dollar from someone who knew nothing about coins and showed him the Red book how China made that coin US mint never did. Just gave him $5 to have a fake. Use it as a learning tool. Thank you again for ALL you do!
Magnet, scale, and measuring the diameter / width will weed out 99% of fake sovereign coins. it's more difficult with generic rounds because there's no set diameter or width, but magnet and weight will still catch most of them. I'd love one of those sigma machines but they are so darned expensive
I always test any coin I buy no matter whom I purchased it from. Weight, diameter, thickness, magnet test, and precious metal verifier. For questionable bars, you can even do a specific gravity test. But as someone else mentioned, you should always buy from reputable dealers or persons.
About the only legitimate use I can think of for those is: Get a stamp made (easily available via Etsy) that says "copy" and stamp the backs and sell them for decorator or jewelry applications. Otherwise they'll have to be destroyed. This would bring them into compliance with the Hobby Protection Act, so they could be legally sold as copies. You can still buy these via WISH and other Asian sales sites, and of course the FB ads. I've never gotten a single ad for these in my feed, which is weird since I belong to several coin groups. I would say have them melted, but God only knows what they actually are; they could be brass, copper, zinc or any other base metal that's been plated. Coming from China, they could just be old car parts or something that got melted down. They might be copper with just enough actual silver to make the color look right.
As a coin collector, I despise counterfeits. As a photographer, I would love to have a couple hundred fake ASEs to use for photoshoots. Stamp COPY, NOT REAL, FAKE, COUNTERFEIT, whatever, across one side. I got movie prop money to use for shoots, and one of my models caught a lot of hell for lighting a cigar with a (fake) twenty dollar bill.
@@aleisterblacke The Hobby Protection Act lays out how they are to be marked, with a large "COPY" stamped on the coin on one side or the other. Back in the bad old days, when you could still buy these on eBay, the sellers would literally photoshop the word on the reverse of the coin. What you got would not have it on there. These still come from China via WISH and other Asian sales sites, and are illegal to import and sell, and CPB catches a lot of them coming in, but by no means all of them. And yeah, 100% with you about counterfeits being the bane of the hobby-but there have been counterfeits as long as there have been coins. Counterfeit Roman coins are not an uncommon find in lots of coins dug up in archeological digs.
I am not digging some of the complaint comments here. This is a share and a social media coin ad warning and not an instructional video on counterfeits. I never made an claims that it was. Here's is my playlist for all the counterfeit ID videos I've created for everyone. I even created a follow up video to this one, so check my channel videos. th-cam.com/play/PLku4wL94a2MNwkCXGCiGBQmY9XZQyVo4i.html Instructional video for counterfeit coin ID th-cam.com/video/L2zki9Row_4/w-d-xo.html
That’s a real bummer. I feel bad for the guy that bought them. I have two local coin shops I go to exclusively. The only time I ordered online was from a reputable dealer. Besides, the silver I see on eBay/etc. doesn’t seem reasonably priced.
"If it's too good to be true"... But even the fakes are often sold at full value making the risk even greater... Fakebook, Craigslist, periodicals, , eBay -0- or low feedback sellers, etc.. are sites / individuals to be extra skeptical about buying coins from. Fraud is everywhere, unfortunately. Caveat Emptor! (Let the buyer beware!).
Ooof. The first clue to me for those fake SAE's is, "Why would anyone have a coin tube of SAE proofs? Other than breaking 20 of them out of the mint packaging, how would it even be a thing? wow...
They probably do it with the common years because people are more apt to look closer at key or near dates and realize they're fake !!! They definitely took a hit on buying them that's why I only buy from those in the coin community that I trust !!
That's the immediate give away. Is it even possible to create a fake that has the "correct" ping? I doubt it. Also the weight, diameter and thickness test. One of those numbers will be wrong if it's a fake.
NEVER Buy Anything From A FACEBOOK Posting. Both Times I Purchased Items I Got Ripped Off And Thankfully PayPal Reimbursed Me. Maybe A Class Action Lawsuit Against Facebook For Allowing These Thieves To Advertise On There Platform Without Proper Vetting Would Stop This!
I have some fake Washington quarters that I bought from China just to be able to know what fakes look like… Those things are the most real fakes I've seen. The only way I could tell was doing a ping test. Most of the larger coins are pretty easy to tell. They're usually too thick. The ridges are all sharp and toothache, etc.
I'll play games on my phone. Ads pop up, one ounce silver 9.99. I'll put a comment fakes. Other comments say great coins, bought 20. Companies who allow this don't care$$$. Thank you for the video.
I ran across some fake Morgan's a few years ago. What made it worse, they were CC's. They looked really good and sounded good. The guy that had them, told me they were fake after I looked at them. I'm not an expert but I'm an avid collector. They looked so "Real" I would've bought them. Then he gave me a magnifying glass. Then the truth was revealed. You could see micro pitting in the texture. They were brass covered with a Silver layer. Listen people, be careful out there. If your going to buy coins from somebody you don't know. Carry a strong magnifying glass with you. It will save you heartache and money in the long run.
I seen that add on Facebook. Some time ago and lately also there were Gold coins on Facebook. They were selling for $19.99, 1 ounce Maple Leafs 2015.🐎🌻✌️
I'm not very experienced but I noticed on the Morgan dollar fake, the 2 wheat husks around the "I" on PLURBIS have too many seeds, where the real Morgan has noticeably less seeds on the wheat. I'm not sure if it's called wheat and seeds, but I think you get what I mean.
Last year I reported a Chi Com advertiser on Facebook for selling counterfeit U.S. coins. Two days later my original Facebook account was suspended and deleted.
I bought 600.00 worth of fake coins, I took them to get a appraise, they told me they were fake, luckily the man I bought them from return all my money. I took them to the Pawn Shop and they offer me 20.00 a piece, I just to honest to pawn them when I know they are fake. The appraiser didn't charge me nothing.
Right after I started stacking, I invested in a Sigma @ about $900 Expensive, but if it save you from buying just a single 1oz gold coin, then it has paid for itself nearly twice-over. I check 100% of everything I buy, regardless of source.
They sell these on Ali Express for cheap, categorizing them as for “crafts”. But what good are they, other than maybe hot gluing a few into a letterbox with some sepia toned photos? Drill holes into them to use as keychains? LOL
These fake ads keep popping up on my fb feed (eg Maples and Eagles for $19.99) and I keep reporting them....good thing fb is always looking out for us! /s
I never buy precious metals from FB or even EBAY because I wouldn't know if they were fake. I only buy from LCS or the big online dealers. I'll never get a great deal but I'm okay with that. Getting the real product is more important to me than saving some. This is the only area where I am risk averse.
I bought quite a few Kennedy and Franklin halves off eBay. I always checked the ratings and complaints of the sellers, and whether they accepted returns. There were some obvious scams that were easily avoided, I did not receive a single counterfeit. I actually have more problems with Amazon sellers.
Even though I'm not am expert I can tell their counterfeit. One thing they don't sound like silver when he shakes them. A late family member used to buy the real silver coins but the problem was they will never be worth much because they are manufactured collectibles. Neve buy anything that is manufactured to be a collectable.
That’s why when I buy anything I always take my machine with me Incase I have any doubts ….. there’s more out there then people think and can be fooled easily if you don’t know
This scares me. Is it possible to ever get fakes from sites like JM or SD bullion? I'll never buy off Facebook(don't even have facebook lol) or Ebay. I called my main bullion dealer, and asked and right away she said "All of our precious metals are 100% authentic, but if you ever suspect something goto a local gold and silver shop.. Get them tested and if there's any problems let us know." I always use the Ice cube test
THANK YOU for getting them out of circulation. I have 1 fake Morgan I would like to get some of those others to look at and study. Have a great day Brother. PEACE MY FRIEND
It is so difficult for me to know if I am purchasing a true collectible coin except I try to buy from reputable dealers endorsed by you or my local dealer. I enjoy silver and hope to continue to invest; one day before I bite the big one, I would like to break down and justify buying a 24K Buffalo $50 coin. I think the Buffalo coins are wonderful.
Man oh Man…. I wonder how many bought some of these and are too embarrassed to admit it. My mother god rest her soul used to tell me that nobody is going to sell you a dollar for 25 cents.If they are trying to sell you a dollar for 25 cents, run away as fast as you can….RUN, RUN !!! OH THE HUMANITY !!! Great video Daniel, as usual.
I hear these are coming out of China by the boat load. Somebody ought to put out a video on how to spot these fakes as the market is getting flooded. I was at a coin show and one dealer had to convince me the Morgan key date he had in a slab was an actual fake. The counterfeiters are getting really good at imitation. Caveat emptor.
I have a counterfeit 1943 Copper penny. Sending it to a fellow coin channel for them to do a counterfeit video. Educational use only & it will never be sold again.
I’m a sterling silver jewelry collector. Now I find some of my collected items are not sterling silver though they are stamped 925. Many of them are stamped Italy. I’m so mad that I didn’t examine the items promptly as soon as I got them. Be aware that there are so many counterfeits silver items. Be careful when purchasing silver online.
There is a s load of silverware that is only plated with .925 Most gold jewels and even wedding rings are total rip off... You won't believe the number of desperate people that came to me trying to sell me copper and nickel, the sad thing is to see their faces when I tell them that the family "treasure" is worth nothing. 😢
I recently bought some old jewelry from someone and I knew their parents years ago. They have been dead for about 20 years or more. They went on vacation to Hawaii in the 70's and bought a stamped sterling silver pineapple pendant. The silver wore off the pineapple over the years and it was just plated brass. The chain was sterling. So, it has been happening, probably forever.
"If you don't know your coins (or any other collectible), know your dealer! A legitimate dealer or seller will have a legitimate address where they can be reached if there's a problem as well as a history of being in business. Do your research: "Buy the book before the coin (or other collectible)! There's plenty of information and knowledge out there. We each carry a fountain of knowledge in our cell phones. Look it up: use Google. Don't be in such as rush to buy! Thank you Daniel for informing the public. Be well! Ed
I recently attended an estate auction where a whole folder full of fake coins from China was on sale. Morgans, Thalers, 16th and 17th century coins, all fakes. The auction house labeled them as 'Chinese copies' but none were stamped with 'COPY' as they should have been. What's the bet someone bought them and is now selling them one by one as the real deal on eBay?
i get these are terrible for the market itself but u know what about the idea of using em as decoy's in case of theft? if they were a good buy id buy fakes with of course an etch in them but not to obvious for a thief to notice till its to late.
I would be more than happy to melt them into some cool looking bars for you that would have some value as a cool piece of art. Just let me know, can do pics and vids of the process.
Thank you for this content. Just out of curiosity how much would the machine capable of minting those cost? I have to assume they sold several thousand of those to make it worth their effort. Say $20×10,000= $200k Would that even be worth the effort? Or would they have to make 100,000 fakes? That is a serious operation. So sad for our hobby. Thanks again. This is without a doubt one of the most educational coin channels.
Any good jeweler can make a fake. It's not about the equipment; it's the scam culture that is China. All chinese people are super racist and think Westerners are morons and beneath them.
I keep a handful of fakes in a drawer with a few fake gold eagles and old credit cards as a decoy incase I'm burglarized. Really it's the only good thing a fake is good for. Thanks for the video!
Great idea! and thanks.
I like your style.
This is a really good idea. I think I might get a few fakes for just this reason.
genius level strategy!
Damn. Great idea.
These are great I gotta get me some of these.
Thanks for taking those off the market.
Wow that's crazy 😧
They look like their lead! Very dull finish. Those new Gold Buffalo nickels their pawning off are a rip off too. Easy try at confusing people who think their investing in Gold. Save your money!
The morgans sound all wrong for silver.
Someone needs to create an affordable Sigma. Something your average collector can afford. That would definitely help with future counterfeit market.
Ping test works great
Having been a collector for nearly 50 years, I can usually spot fakes pretty easily but some of those morgans were good enough to fool someone without much experience or knowledge on what to look for. Thank you for bringing issue to young or inexperienced collectors. Just as you've said countless times, if it seems to good to be true it usually is.
I ordered those same silver eagles. KNEW RIGHT AWAY THEY WERE FAKE. Used PayPal so got my money back.
I have a few coins that my dad collected back about 50-60 years ago. He would get mad at me when I was a child. I used some to buy candy. I could kick myself. What is a ping test?
Just started collecting recently. Glad I found this channel and other channels like it. I probably would be fooled by the look of the coin but with videos by CoinHELPu and other channels I now have the tools to help make sure that what I buy is authentic. To answer the question what is a ping test, silver makes a distinct sound when hit. It is unmistakable once you hear it. So a ping test is a test where you hit the coin with another coin or a little piece of wood to hear the sound it makes. There are many videos on TH-cam of what that sounds like when it’s real if you’re interested. Luckily I haven’t run into any fakes yet but I imagine I will eventually.
Few years back had someone try to sell me an early Bust Dollar and Trade Dollar, only $500 for the pair. What a deal!!! The problem?
The Bust Dollar had a reed edge and was dated 1878.
The Trade Dollar was dated 1798 with a lettered edge.
Reminded me of the guy that got busted printing counterfeit $20 bills back in the 1980's. What gave him away? He put Lincoln on the bills.
@@tims.449, Try this. Get you a 1964 or before quarter and few quarters made after 1964 ( clad). Drop a clad on the clads and listen to the sound. Then drop the 1964 or before quarter on the clads. Notice the silver will have a higher "ping" when it hits the clads.
Personally I would either stamp them with the word "copy" or better still, destroy them completely. As soon as you started dropping those coins together, the sound was all wrong. The hobby is drowning in a tidal wave of fakes at the moment. Buyer beware!
I'm getting my feet wet.
Thanks.
The sound being off was the first thing I noticed.
Please pay attention to the video. I DIDN'T accidentally purchase these! I am a coin dealer and they came with a collection someone sold me at my coin shop. I took them off the market.
My Coin Shop Website portsmouthcoinshop.com/
Buy the book! ebay.us/wJ2MV9
800+ Videos th-cam.com/users/CoinHELPuvideos
I am sorry if you misunderstood me... I just meant why would you buy the whole collection before testing it all out... but all is well that ends well...
@@Dakiniwoman I didn't misunderstand you, you misunderstood me. All the collection was good, but they included these fakes to get them off the market. I didn't accidentally buy these or lose money,
I did realize you knew they were fake..and yes it is Grrr-eat ( like ke tony the tiger would say ,lol) that you got them off the market for sure !
I apologize ... I was wrong...
Those 1881 fakes may still be for sale for $1.91@ on America's biggest online seller. I'm still trying to figure out how counterfeiting laws are avoided. Using the claim of "magician coin" is quite bogus.
I report these counterfeits to Face Book all the time. The sellers just change their company name and register with Facebook and continue to sell this crap. I guess their "Fact Checkers" are lacking in this department ;)
Report to Facebook?? Why?
@@goldeneye70 Because for the price they're asking they're most certainly counterfeit. Trying to save some suckers money and keep the counterfeits from circulating.
@@TheRealSiberD I have been doing that too, there is one company that keeps popping back up with a different name but when you go to their site the address and phone number is always the same! I Call the number and ALWAYS get the message the number has been DISCONNECTED or changed their address is either out of Ohio or Texas! Also I usually post on FB to BUYER BEWARE and Try giving them a call and post the number 😡
I feel Into the trap ONCE bought one for less than Silver was at the time! When I got it it was a PERFECT looking coin BEAUTIFULLY Polished and weight was close but when I turned it over the heads and tails were both facing the same way and that is what caught my eye grabbed my Magnet 🧲 and it stuck like Glue😡
@@goldeneye70 You don't think they should be reported???
FB is so CORRUPT and full of fakes ripping people off and FACT CHECKERS seem to over look them, I guess it is a LIBERAL Thing😤
Its a shame that people still fall for the ads on facebook and on tv hopefully everyone stops buying them and put them out of business thanks again Daniel
The federal government needs to go after these counterfeiters
Sorry, gotta ask... the ones on TV are fakes?
Yikes those Morgan's would have fooled me. I can see the eagles right away but its still close for me. Thank you
My brother was buying a set of "Million Dollar Silver Dollar " collection. I believe it was a very reputable company. Every week they sent him a box of 4 coins for $35 or some figure. He had about 20 of the blue boxes in white sleeves. Very professional. I told him they were fake. He disagreed. I looked them over and they all had a designation "COPY" in very tiny letters. It may have come from a claimed USMint company. My brother was very upset at me for showing him that they were fake. I'm sure that there are thousands of other people who fell victim to this scam.
Don't really need or mean to reply. I just looked up "Million Dollar Silver Dollar" collection on a random search and these are for sale by everybody. I think they are processed by a real reputable company.
So WHAT are they made of.
A bit more info please
@@cbknight6882 they look like aluminum and I think they are aluminum, something like that.
My Coin Shop Website portsmouthcoinshop.com/
Buy the book! ebay.us/wJ2MV9
800+ Videos th-cam.com/users/CoinHELPuvideos
Wow! I'm new to this only 3 years at it and this video put a scare into me. REALLY, I suppose I trust people way to much...I see myself in my mind buying these coins. I know people can be bad and that it will continue to get worse, but REALLY...that is a boat load of coins. Thank you so very much Daniel for bringing this to our attention in such a massive way. My heart goes out to those honest people who get ripped off by someone who, who...I don't know the words to use here. God bless you and your family of watchers of your channel.
Blessings, Louis
The 'scary' ones are counterfeits of higher quality.
All series, virtually any date and mint mark seem to be showing up these days, some of them rather well made.
The old time adage was _buy the book, then the coin._
Still true, but now there are also useful websites such as this one to view and from which to learn.
As with most other purchases, _caveat emptor._
I started buying halves a couple years ago. I soon after became paranoid watching videos about counterfeit coins. I quickly learned all the ways to check for counterfeits, and there are a few. There's even a Ping Test app for your phone that works well. Just don't trust any one test to be conclusive.
I picked up a fake Maple Leaf from my local coin shop last year. Took me about 6 months to realize it. It was sold in an air tite capsule so I never bothered taking it out and testing the ping. Luckily the shop replaced it but the old grumpy owner denied I bought it from them even though I would go there every weekend and spend atleast $100. I didn't get angry or anything with them but you gotta be careful out there. Even trusted sources slip up occasionally especially with how crazy things have been. God bless
@@aaronrichards19886 It sounds like that coin shop owner tried to put one over on you. I guarantee he has a Sigma Metalytics tester and he tested that coin when HE got it. They can test coins in a capsule. If you buy from him again he should have no problem testing coins in your presence as a sign of good faith. if he's legit.
@Ken Smith If you drive a car, you're relying on technology. If you go to a doctor or dentist, you're relying on technology. The computer you responded to my comment on IS technology. It's one thing to use technology blindly and another to use it knowing that it can fail, and other ways of doing the same thing.
Almost all of the adds on Facebook are for bogus items, and it's not limited to coins. They prey on elderly people, or just unassuming people who think it's legit because it's on Facebook. Facebook just keeps taking the money for the ads with little care about whether or not it is a legitimate item. I blame the scammer and the enabler, which is Facebook !
In my experience, all the ads on Facebook are fake I have been burnt at least three times. One was for crowdfunding for a USB charger that plugs into a wall outlet, it was a charging bank that could charge about ten things at a time. Another was for lobsters. There were the Morgans, my only excuse is that I am elderly, 68, and I stay up too late with my friend Ivan Red. I hate to say it, but I guess for me there ain't no fool like an old fool.
I quit FB years ago and wont go back...no reason to be on it
OH my. A sad, but informative video. I really hate to see people get ripped off. Thanks for keeping the community educated.
Informative??? No, he just said that they were fake. I would like to know what he is looking at and for.
I used to buy and sell silver in 2009-2011. I came across two different characters(that's the nicest thing I can say about these mfers), that tried to sell me a boat load of Morgan's. They were ALL in flip holders. I took one out and looked at the RIM of it. You can see a faint line from the casting of these counterfeits, not to mention, they ALL LOOK EXACTLY THE SAME in color, wear etc. Do yourself a HUGE favor. Go to a reputable dealer and buy some real ones, and if you decide to take a chance on Facebook or Craigslist, bring the real ones with you along with a scale.
These fakes are coming out of China. I have mentioned it to the main auction house several times that they are allowing fakes to be sold. As I have been checking more fakes now compared to when I notified them. As silver moves up in price this will become more of an issue
You can buy them on alibaba
Im surprised more companys havent made counterfit metal devices more affordable for average stackers. Love the channel !
It's probably a patent issue, or possibly making the detector is just expensive no matter what.
@@TheGroovyJones probably one or the other for sure. Hopefully itll change in the near future but who knows🤷♂️
I finally broke down and bought a Sigma. They are way to expensive for what they are but it has saved me thousands in the time I’ve owned it.
A small scale, a rare earth magnet, and a set of calipers is all that's needed to weed out fakes.
Don't think these fakes will pass if you use a pocket pinger
Great video. It's a shame there are so many crooks out there, but there are. The sound test with the Morgan's was a dead give away for me too. And using a scale and magnet also great tools. You can buy a decent digital scale for less than $20 (probably less than $10).
Looking at the Morgan’s I wouldn’t have known the difference. I’m pretty new at coin hunting and collecting and I get FB ads all the time for silver eagles at a price thats to good to be true. Reporting their fake ads is like swatting flies at a slaughter house.
Make you wonder what the police do all day eh? Do they not want to "protect and serve" the community by jailing the trash?
I guarantee your local police don't have jurisdiction over whatever foreign country these Facebook ads originate from. What are the police to do, go to China and arrest the counterfeiters?
@@jdizzle6324 probably busy harassing parents at school board meetings like the FBI.
I mostly buy graded but every once in while I'll buy a raw Morgan-Walking libertys-Barber Half.. Been collecting bout 2 year's I bought a digital scale to make sure they weigh up & a pen magnet to authenticate...
I show my LCS owner fakes he has as well. The sound test never fails. I've been looking at morgan dollars for nearly 30 years.
I love the ping test
I am not a collector, but wanted to thank you for informing people about counterfeits.
Thank you
you need to start stacking !!!! the dollar is going crash hard!!!
@@michaelblake2280 not unless we get invaded by China or nuclear war kicks off. Dollars don’t crash when the same government has the same power.
You are an amazing person Daniel! Honesty, blunt truth! I respect nothing more than that. Accept the fact that you're extremely polite about it as well! Cherry on the top is THEE BEST!! I cannot thank you enough. Everything I have learned is SO much to take in. You make it simple. Just the way I'm sure we ALL can appreciate.
Standing ovation Daniel and Mrs. Ty❤
I'm "still" binge watching. 🤣
Yes sir I thank you for helping get this important information out there. I once bought a 1921cc Morgan dollar from someone who knew nothing about coins and showed him the Red book how China made that coin US mint never did. Just gave him $5 to have a fake. Use it as a learning tool. Thank you again for ALL you do!
Magnet, scale, and measuring the diameter / width will weed out 99% of fake sovereign coins. it's more difficult with generic rounds because there's no set diameter or width, but magnet and weight will still catch most of them. I'd love one of those sigma machines but they are so darned expensive
I always test any coin I buy no matter whom I purchased it from. Weight, diameter, thickness, magnet test, and precious metal verifier. For questionable bars, you can even do a specific gravity test. But as someone else mentioned, you should always buy from reputable dealers or persons.
I bought a bunch for ten bucks a piece. Years back when I started collecting. I got screwed I put em away to keep them out of circulation.
Maybe the guy who had them before he died sold fake coins Maybe that’s why there is a half roll. Just saying.
About the only legitimate use I can think of for those is: Get a stamp made (easily available via Etsy) that says "copy" and stamp the backs and sell them for decorator or jewelry applications. Otherwise they'll have to be destroyed. This would bring them into compliance with the Hobby Protection Act, so they could be legally sold as copies. You can still buy these via WISH and other Asian sales sites, and of course the FB ads. I've never gotten a single ad for these in my feed, which is weird since I belong to several coin groups. I would say have them melted, but God only knows what they actually are; they could be brass, copper, zinc or any other base metal that's been plated. Coming from China, they could just be old car parts or something that got melted down. They might be copper with just enough actual silver to make the color look right.
As a coin collector, I despise counterfeits. As a photographer, I would love to have a couple hundred fake ASEs to use for photoshoots. Stamp COPY, NOT REAL, FAKE, COUNTERFEIT, whatever, across one side. I got movie prop money to use for shoots, and one of my models caught a lot of hell for lighting a cigar with a (fake) twenty dollar bill.
@@aleisterblacke The Hobby Protection Act lays out how they are to be marked, with a large "COPY" stamped on the coin on one side or the other. Back in the bad old days, when you could still buy these on eBay, the sellers would literally photoshop the word on the reverse of the coin. What you got would not have it on there. These still come from China via WISH and other Asian sales sites, and are illegal to import and sell, and CPB catches a lot of them coming in, but by no means all of them. And yeah, 100% with you about counterfeits being the bane of the hobby-but there have been counterfeits as long as there have been coins. Counterfeit Roman coins are not an uncommon find in lots of coins dug up in archeological digs.
If you want counterfeit coins, just order any coins on Face Book. Biggest rip-off on the internet.
What a shame. I feel sorry for the family. But glad you got them off the market. Good job Daniel.
I am not digging some of the complaint comments here. This is a share and a social media coin ad warning and not an instructional video on counterfeits. I never made an claims that it was. Here's is my playlist for all the counterfeit ID videos I've created for everyone. I even created a follow up video to this one, so check my channel videos.
th-cam.com/play/PLku4wL94a2MNwkCXGCiGBQmY9XZQyVo4i.html
Instructional video for counterfeit coin ID th-cam.com/video/L2zki9Row_4/w-d-xo.html
That’s a real bummer. I feel bad for the guy that bought them. I have two local coin shops I go to exclusively. The only time I ordered online was from a reputable dealer. Besides, the silver I see on eBay/etc. doesn’t seem reasonably priced.
With luck those coins are made of nickel
"If it's too good to be true"... But even the fakes are often sold at full value making the risk even greater... Fakebook, Craigslist, periodicals, , eBay -0- or low feedback sellers, etc.. are sites / individuals to be extra skeptical about buying coins from. Fraud is everywhere, unfortunately. Caveat Emptor! (Let the buyer beware!).
Good looking out. Thank you for a great vid and words of caution.
Ooof. The first clue to me for those fake SAE's is, "Why would anyone have a coin tube of SAE proofs? Other than breaking 20 of them out of the mint packaging, how would it even be a thing? wow...
People have bought / sold rolls of genuine proof coins for many decades.
Never made a bit of sense to me either.
They probably do it with the common years because people are more apt to look closer at key or near dates and realize they're fake !!! They definitely took a hit on buying them that's why I only buy from those in the coin community that I trust !!
How many times can you tell people Daniel if it's too good, it always is. Thanks for the info again. Appreciated
I could tell by the sound they made. Sounded like a bunch of big nickels. Not silver.
That's the immediate give away. Is it even possible to create a fake that has the "correct" ping? I doubt it. Also the weight, diameter and thickness test. One of those numbers will be wrong if it's a fake.
0:15 Even the COUNTERFIET label is COUNTERFEIT 😁... it's clearly spelt wrong.
NEVER Buy Anything From A FACEBOOK Posting. Both Times I Purchased Items I Got Ripped Off
And Thankfully PayPal Reimbursed Me. Maybe A Class Action Lawsuit Against Facebook For Allowing
These Thieves To Advertise On There Platform Without Proper Vetting Would Stop This!
I have some fake Washington quarters that I bought from China just to be able to know what fakes look like… Those things are the most real fakes I've seen. The only way I could tell was doing a ping test. Most of the larger coins are pretty easy to tell. They're usually too thick. The ridges are all sharp and toothache, etc.
I'll play games on my phone. Ads pop up, one ounce silver 9.99. I'll put a comment fakes. Other comments say great coins, bought 20. Companies who allow this don't care$$$. Thank you for the video.
I ran across some fake Morgan's a few years ago. What made it worse, they were CC's. They looked really good and sounded good. The guy that had them, told me they were fake after I looked at them. I'm not an expert but I'm an avid collector. They looked so "Real" I would've bought them. Then he gave me a magnifying glass. Then the truth was revealed. You could see micro pitting in the texture. They were brass covered with a Silver layer. Listen people, be careful out there. If your going to buy coins from somebody you don't know. Carry a strong magnifying glass with you. It will save you heartache and money in the long run.
I seen that add on Facebook. Some time ago and lately also there were Gold coins on Facebook. They were selling for $19.99, 1 ounce Maple Leafs 2015.🐎🌻✌️
I'm not very experienced but I noticed on the Morgan dollar fake, the 2 wheat husks around the "I" on PLURBIS have too many seeds, where the real Morgan has noticeably less seeds on the wheat. I'm not sure if it's called wheat and seeds, but I think you get what I mean.
Those coins really need to be destroyed somehow. They have no place in our hobby. Thanks for sharing this.
Last year I reported a Chi Com advertiser on Facebook for selling counterfeit U.S. coins. Two days later my original Facebook account was suspended and deleted.
I bought 600.00 worth of fake coins, I took them to get a appraise, they told me they were fake, luckily the man I bought them from return all my money. I took them to the Pawn Shop and they offer me 20.00 a piece, I just to honest to pawn them when I know they are fake. The appraiser didn't charge me nothing.
Right after I started stacking, I invested in a Sigma @ about $900
Expensive, but if it save you from buying just a single 1oz gold coin, then it has paid for itself nearly twice-over.
I check 100% of everything I buy, regardless of source.
A new sucker's born every minute
They sell these on Ali Express for cheap, categorizing them as for “crafts”. But what good are they, other than maybe hot gluing a few into a letterbox with some sepia toned photos? Drill holes into them to use as keychains? LOL
These fake ads keep popping up on my fb feed (eg Maples and Eagles for $19.99) and I keep reporting them....good thing fb is always looking out for us! /s
I never buy precious metals from FB or even EBAY because I wouldn't know if they were fake. I only buy from LCS or the big online dealers. I'll never get a great deal but I'm okay with that. Getting the real product is more important to me than saving some. This is the only area where I am risk averse.
Most if not all big dealers list on eBay, just saying.
I bought quite a few Kennedy and Franklin halves off eBay. I always checked the ratings and complaints of the sellers, and whether they accepted returns. There were some obvious scams that were easily avoided, I did not receive a single counterfeit. I actually have more problems with Amazon sellers.
@@frutbum thanks, I understand that. I was really referring to buying from individuals or not well known entities.
@@bretmcgough172 Agree. I think privates should go to their LCS and sell to them. I appreciate you.
It’s amazing the lengths someone would take in order to make a buck...sad state of affairs 🤦🏾♂️ !
Even though I'm not am expert I can tell their counterfeit. One thing they don't sound like silver when he shakes them. A late family member used to buy the real silver coins but the problem was they will never be worth much because they are manufactured collectibles. Neve buy anything that is manufactured to be a collectable.
Thanks to your generosity of explaining replicas & counterfeits & real & duplicates.
This is why I always run my mouth on Facebook scam ads.
Still hard to believe Facebook allows scams but only if Facebook gets paid for the ad.
That’s why when I buy anything I always take my machine with me Incase I have any doubts ….. there’s more out there then people think and can be fooled easily if you don’t know
This scares me. Is it possible to ever get fakes from sites like JM or SD bullion? I'll never buy off Facebook(don't even have facebook lol) or Ebay.
I called my main bullion dealer, and asked and right away she said "All of our precious metals are 100% authentic, but if you ever suspect something goto a local gold and silver shop.. Get them tested and if there's any problems let us know."
I always use the Ice cube test
What's that?
THANK YOU for getting them out of circulation. I have 1 fake Morgan I would like to get some of those others to look at and study. Have a great day Brother. PEACE MY FRIEND
Morgan’s look real to me. I wouldn’t buy anything except from a reputable dealer.
Only buy from reputable companies some pawn shops now have great coins i found some nice graded coins but thanks for info
It is so difficult for me to know if I am purchasing a true collectible coin except I try to buy from reputable dealers endorsed by you or my local dealer. I enjoy silver and hope to continue to invest; one day before I bite the big one, I would like to break down and justify buying a 24K Buffalo $50 coin. I think the Buffalo coins are wonderful.
And you can find these fakes also advertised right here on TH-cam and shipped via USPS.
Man oh Man…. I wonder how many bought some of these and are too embarrassed to admit it.
My mother god rest her soul used to tell me that nobody is going to sell you a dollar for 25 cents.If they are trying to sell you a dollar for 25 cents, run away as fast as you can….RUN, RUN !!!
OH THE HUMANITY !!!
Great video Daniel, as usual.
I hear these are coming out of China by the boat load. Somebody ought to put out a video on how to spot these fakes as the market is getting flooded. I was at a coin show and one dealer had to convince me the Morgan key date he had in a slab was an actual fake. The counterfeiters are getting really good at imitation. Caveat emptor.
I have a counterfeit 1943 Copper penny. Sending it to a fellow coin channel for them to do a counterfeit video. Educational use only & it will never be sold again.
I am not, by any means, an experienced collector, but I am smart enough not to buy silver from a facebook page.
The opening roll doesn’t look or sound real. And they don’t look real. I always buy from a reputable dealer/seller.
I think every proof looks fake, I do not buy proofs because I can’t tell if it’s authentic or not without further testing
I saw the add on TH-cam for those coins for $11.00 a piece coming from Africa.
I’m a sterling silver jewelry collector. Now I find some of my collected items are not sterling silver though they are stamped 925. Many of them are stamped Italy. I’m so mad that I didn’t examine the items promptly as soon as I got them. Be aware that there are so many counterfeits silver items. Be careful when purchasing silver online.
There is a s load of silverware that is only plated with .925
Most gold jewels and even wedding rings are total rip off...
You won't believe the number of desperate people that came to me trying to sell me copper and nickel, the sad thing is to see their faces when I tell them that the family "treasure" is worth nothing. 😢
I recently bought some old jewelry from someone and I knew their parents years ago. They have been dead for about 20 years or more. They went on vacation to Hawaii in the 70's and bought a stamped sterling silver pineapple pendant. The silver wore off the pineapple over the years and it was just plated brass. The chain was sterling. So, it has been happening, probably forever.
I'm happy to hear that nobody else will get burt with them coins in the future. A drop in the bucket though i am sure.
Thanks Dan. You just saved many "stackers"/collectors from a lot of pain and upset. ✌🏻
Whenever I see a Facebook ad I warn people to do their research, and if all possible buy local, reputable shop.
I got thrown in to Face Book jail for saying in the comments , that the coins were fake
"If you don't know your coins (or any other collectible), know your dealer! A legitimate dealer or seller will have a legitimate address where they can be reached if there's a problem as well as a history of being in business. Do your research: "Buy the book before the coin (or other collectible)! There's plenty of information and knowledge out there. We each carry a fountain of knowledge in our cell phones. Look it up: use Google. Don't be in such as rush to buy!
Thank you Daniel for informing the public. Be well! Ed
I have just seen on the internet these coins for sale . They were advertised as fakes and were cheap as chips . Available by the hundreds .
I've noticed quite a few counterfeit Barber Halves on ebay. Beware.
I recently attended an estate auction where a whole folder full of fake coins from China was on sale. Morgans, Thalers, 16th and 17th century coins, all fakes. The auction house labeled them as 'Chinese copies' but none were stamped with 'COPY' as they should have been.
What's the bet someone bought them and is now selling them one by one as the real deal on eBay?
i get these are terrible for the market itself but u know what about the idea of using em as decoy's in case of theft? if they were a good buy id buy fakes with of course an etch in them but not to obvious for a thief to notice till its to late.
I got played with them same coins, like 5 1 was real tho!
But yeah I got the same ones!!!
Yeah it sucks when silver spikes the counterfeits come out of the woodwork..
Facebook has ads for thousand dollar generators selling for 99 dollars. So much for "fact checkers".
I buy my silver through reputable dealers. If the price is too good to be true....
The silver eagle counterfeit I got was beautiful but it was also magnetic
Thank you for showing us these, very educational.
I would be more than happy to melt them into some cool looking bars for you that would have some value as a cool piece of art. Just let me know, can do pics and vids of the process.
i deal with coins on a regular basis.. would not think anything of those coins until i handle them
I will buy mine from you from you Daniel where I know they are authentic
Thank you for this content.
Just out of curiosity how much would the machine capable of minting those cost?
I have to assume they sold several thousand of those to make it worth their effort.
Say $20×10,000= $200k
Would that even be worth the effort? Or would they have to make 100,000 fakes?
That is a serious operation.
So sad for our hobby.
Thanks again. This is without a doubt one of the most educational coin channels.
Any good jeweler can make a fake. It's not about the equipment; it's the scam culture that is China. All chinese people are super racist and think Westerners are morons and beneath them.
Thanks for the reminder. Great public service.
Sad but I've personally seen a few of the Morgan's out there.
Treasury should hire you...to stop this, they don't do anything.